CUB RIVER IRRIGATION CO (EIN 870126915) - 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

1916

Legal Domicile

Principal Officer

DON BALDWIN

Phone

4357524864

Tax Period

2023-01-01 to 2023-12-31

CUB RIVER IRRIGATION CO, founded in 1916, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $1.5M left a modest 5% surplus.

Mission

MAINTAIN AND INSTALL IRRIGATION SYSTEMS FOR AGRICULTURAL PURPOSES.

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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 $1,611,452

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,611,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,115

Fundraising Expenses $0

Other Expenses $1,307,659

TOTAL EXPENSES $1,528,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,611,452	$1,802,758	-0.1%
Expenses	$1,528,774	$2,023,956	-0.2%
Net Income	$82,678	$-221,198	-1.4%

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

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

$3,200

Total Directors

$15,107

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEAGAN NELSON	CLERK	7.00	Director	$15,107	$0	$15,107
HOWARD D NELSON	Secretary	2.00	Officer	$3,200	$0	$3,200
JOHN P DENT	Trustee	2.00	Director	$0	$0	$0
NICK BOWLES	Trustee	2.00	Director	$0	$0	$0
CHRIS KARREN	President	2.00	Director	$0	$0	$0
MIKE GIBBONS	Trustee	2.00	Director	$0	$0	$0
TYLER HINCKLEY	Trustee	2.00	Director	$0	$0	$0
DON BALDWIN	Trustee	5.00	Officer	$0	$0	$0
BRENT GLOVER	Vice President	5.00	Officer	$0	$0	$0
JASON WESTOVER	Treasurer	5.00	Officer	$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	$1,611,452	$1,528,774	$8,186,339	$82,678
2022	$1,802,758	$2,023,956	$8,491,756	$-221,198
2021	$1,762,581	$1,857,944	$9,047,062	$-95,363
2020	$1,791,264	$1,702,441	$9,446,686	$88,823
2019	$1,735,411	$1,604,524	$9,735,610	$130,887
2018	$1,847,430	$1,576,782	$10,054,907	$270,648

CUB RIVER IRRIGATION CO