HOOPER IRRIGATION COMPANY (EIN 870140547) - 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

1902

Legal Domicile

Principal Officer

REX HANCOCK

Phone

8019858429

Tax Period

2024-01-01 to 2024-12-31

HOOPER IRRIGATION COMPANY, founded in 1902, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 41% operating margin.

Mission

IRRIGATION WATER FOR HOOPER COMMUNITY

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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 $0

Program Service Revenue $4,260,683

Investment Income $733

Other Revenue $0

TOTAL REVENUE $4,261,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $459,860

Fundraising Expenses $0

Other Expenses $2,068,619

TOTAL EXPENSES $2,528,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,261,416	$2,922,449	+0.5%
Expenses	$2,528,479	$2,183,694	+0.2%
Net Income	$1,732,937	$738,755	+1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THEO COX	DIRECTOR	N/A	Officer Director	$0	$0	$0
JOHN DIAMOND	TREASURER	N/A	Officer Director	$0	$0	$0
DAVID E FAVERO	DIRECTOR	N/A	Officer Director	$0	$0	$0
STAN FOWERS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
REX HANCOCK	PRESIDENT	N/A	Officer Director	$0	$0	$0
RICHARD MILES	DIRECTOR	N/A	Officer Director	$0	$0	$0
MICHELLE PINKSTON	BOARD SECRET	N/A	Officer Director	$0	$0	$0
ALAN SPAULDING	DIRECTOR	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	$4,261,416	$2,528,479	$6,076,137	$1,732,937
2023	$2,922,449	$2,183,694	$5,163,326	$738,755
2022	$2,065,397	$2,292,677	$4,281,909	$-227,280
2021	$3,130,524	$1,977,291	$4,979,989	$1,153,233
2020	$2,000,428	$1,928,420	$4,734,724	$72,008
2019	$2,111,991	$2,190,055	$5,091,028	$-78,064
2018	$1,662,903	$1,765,920	$5,847,924	$-103,017

HOOPER IRRIGATION COMPANY