IRRIGATION RESEARCH FOUNDATION INC (EIN 841247038) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

DAVID E WITTE

Phone

9708483043

Tax Period

2024-01-01 to 2024-12-31

IRRIGATION RESEARCH FOUNDATION INC, founded in 1994, is a small nonprofit that reported $888K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $334K, a strong 38% operating margin.

Mission

TO PERFORM RESEARCH FOR THE CONSERVATION OF THE OGALLALA AQUIFER AND THE MAINTENANCE OF THE FOOD PRODUCTION CAPABILITIES OF THE AREA.

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Trantor Score

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

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,000

Program Service Revenue $537,690

Investment Income $118

Other Revenue $346,443

TOTAL REVENUE $888,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,354

Fundraising Expenses $0

Program Expenses $401,230

Other Expenses $310,432

TOTAL EXPENSES $553,786

Year-over-Year Comparison

	2024	2023	Change
Revenue	$888,251	$549,227	+0.6%
Expenses	$553,786	$665,118	-0.2%
Net Income	$334,465	$-115,891	-3.9%

Key Indicators

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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

N/A

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
NATHAN ARMSTRONG	VICE CHAIRMA	N/A	Director	$0	$0	$0
CONNER BLACH	DIRECTOR	N/A	Director	$0	$0	$0
DAVIN DOYLE	SECRETARY	N/A	Director	$0	$0	$0
DUANE DURLAND	TREASURER	N/A	Director	$0	$0	$0
CHARLIE KNUST	DIRECTOR	N/A	Director	$0	$0	$0
BYRON WEATHERS	DIRECTOR	N/A	Director	$0	$0	$0
DAVID E WITTE	CHAIRMAN	N/A	Officer 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	$888,251	$553,786	$1,341,252	$334,465
2023	$549,227	$665,118	$898,716	$-115,891
2022	$690,277	$614,558	$1,148,297	$75,719
2021	$588,611	$533,261	$981,997	$55,350
2020	$505,790	$535,195	$967,691	$-29,405
2019	$509,993	$621,093	$1,020,579	$-111,100
2018	$535,848	$567,558	$1,151,674	$-31,710

IRRIGATION RESEARCH FOUNDATION INC