HAGERMAN IRRIGATION COMPANY (EIN 850040210) - 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

1912

Legal Domicile

Principal Officer

DAVID STERRETT

Phone

5756265489

Tax Period

2023-12-01 to 2024-11-30

HAGERMAN IRRIGATION COMPANY, founded in 1912, is a small nonprofit that reported $870K in total revenue in fiscal year 2023. The organization ran a surplus of $254K, a strong 29% operating margin.

Mission

DELIVERY OF WATER TO RURAL AREA MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $860,712

Investment Income $2,508

Other Revenue $6,970

TOTAL REVENUE $870,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,833

Fundraising Expenses $0

Other Expenses $465,271

TOTAL EXPENSES $616,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$870,190	$855,478	+0.0%
Expenses	$616,104	$724,141	-0.1%
Net Income	$254,086	$131,337	+0.9%

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
DAVID STERRETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUSTIN MUNSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WESLEY PILLEY	SEC/TREAS	1.00	Officer Director	$0	$0	$0
SCOTT BOGLE	DIRECTOR	1.00	Director	$0	$0	$0
TIM DURAND	DIRECTOR	1.00	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	$870,190	$616,104	$4,741,869	$254,086
2023	$855,478	$724,141	$4,708,679	$131,337
2022	$610,339	$709,660	$4,723,744	$-99,321
2021	$503,918	$666,339	$4,809,726	$-162,421
2020	$580,955	$552,562	$4,933,606	$28,393
2019	$575,608	$502,850	$4,726,441	$72,758
2018	$529,439	$565,866	$4,817,707	$-36,427

HAGERMAN IRRIGATION COMPANY