COLORADO RURAL WATER ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

CLAUDE STRAIT

Phone

7195456748

Tax Period

2023-01-01 to 2023-12-31

COLORADO RURAL WATER ASSOCIATION, founded in 1980, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $3.1M left a modest 3% surplus.

Mission

TO PROVIDE PROFESSIONAL TRAINING, TECHNICAL ASSISTANCE AND REPRESENTATION TO RURAL AND SMALL COMMUNITIES AS THEY ENDEAVOR TO MAINTAIN STANDARDS, MEET REGULATORY DEADLINGS AND ATTAIN MULTI-LEVEL CERTIFICATIONS OF THEIR WATER AND WASTEWATER SYSTEMS OPERATORS.

Program Service Accomplishments

Program 1

TO PROVIDE PROFESSONAL TRAINING, TECHNICAL ASSISTANCE AND REPRESENTATION TO RURAL AND SMALL COMMUNITIES AS THEY ENDEAVOR TO MAINTAIN STANDARDS, MEET REGULATORY DEADLINES AND ATTAIN MULTI-LVEL...

TO PROVIDE PROFESSONAL TRAINING, TECHNICAL ASSISTANCE AND REPRESENTATION TO RURAL AND SMALL COMMUNITIES AS THEY ENDEAVOR TO MAINTAIN STANDARDS, MEET REGULATORY DEADLINES AND ATTAIN MULTI-LVEL CERTIFICATIONS OF THEIR WATER AND WASTEWATER SYSTEMS OPERATORS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,847,974

Program Service Revenue $377,465

Investment Income $20,777

Other Revenue $0

TOTAL REVENUE $3,246,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,212,663

Fundraising Expenses $0

Other Expenses $924,240

TOTAL EXPENSES $3,136,903

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,246,216	$2,531,768	+0.3%
Expenses	$3,136,903	$2,455,211	+0.3%
Net Income	$109,313	$76,557	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK BEARD	SECRETARY	N/A	Officer Director	$0	$0	$0
ALLEN COYNE	PRESIDENT	N/A	Officer Director	$0	$0	$0
DARRELL DAVIS	TREASURER	N/A	Officer Director	$0	$0	$0
RE HASTINGS	DIRECTOR	N/A	Officer Director	$0	$0	$0
DANNY MCMILLAN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
HYRUM NOYES	DIRECTOR	N/A	Officer Director	$0	$0	$0
JAN WINFREE	DIRECTOR	N/A	Officer Director	$0	$0	$0
RONNY WRIGHT	DIRECTOR	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$3,246,216	$3,136,903	$2,512,284	$109,313
2022	$2,531,768	$2,455,211	$2,198,140	$76,557
2021	$2,065,335	$1,875,691	$2,068,157	$189,644
2020	$1,864,801	$1,548,826	$1,818,757	$315,975
2019	$1,872,924	$1,757,327	$1,579,653	$115,597
2018	$1,388,450	$1,362,498	$1,347,748	$25,952