PLEASANT GROVE IRRIGATION CO

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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

Legal Domicile

Principal Officer

MARK BEZZANT

Phone

8013589477

Tax Period

2025-01-01 to 2025-12-31

PLEASANT GROVE IRRIGATION CO is a small nonprofit in the Mutual Benefit sector that reported $623K in total revenue in fiscal year 2025. The organization ran a surplus of $384K, a strong 62% operating margin.

Mission

TO PURCHASE, PROTECT, SELL, DISTRIBUTE WATER RIGHTS AND ACCESS IN THE PLEASANT GROVE UTAH GEOGRAPHIC AREA.

Program Service Accomplishments

Program 1

PURCHASING, PROTECTING, AND ASSESSING WATER RIGHTS AND CHANNELS IN THE PLEASANT GROVE, UTAH 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $623,123

Investment Income $0

Other Revenue $0

TOTAL REVENUE $623,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,587

Fundraising Expenses $0

Other Expenses $183,074

TOTAL EXPENSES $238,661

Year-over-Year Comparison

	2025	2024	Change
Revenue	$623,123	$640,979	0.0%
Expenses	$238,661	$1,313,470	-0.8%
Net Income	$384,462	$-672,491	-1.6%

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

$51,162

Total Directors

$33,664

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILLIE JOE ALLGOOD	WATER MASTER	40.00	Officer Director	$33,664	$0	$33,664
ALICIA REDDING	SECRETARY/TR	15.00	Officer	$17,498	$0	$17,498
RANDY FOWLES	BOARD MEMBER	N/A	Director	$0	$0	$0
BLAKE PENROD	VICE PRESIDE	N/A	Director	$0	$0	$0
DENISE ROY	BOARD MEMBER	N/A	Director	$0	$0	$0
BRITTON TVETEN	BOARD MEMBER	N/A	Director	$0	$0	$0
DON WADLEY	BOARD MEMEBE	N/A	Director	$0	$0	$0
NEIL WINTERTON	BOARD MEMBER	N/A	Director	$0	$0	$0
MARK BEZZANT	PRESIDENT	N/A	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
2025	$623,123	$238,661	$740,932	$384,462
2024	$640,979	$1,313,470	$361,645	$-672,491
2023	$639,137	$250,655	$916,336	$388,482
2022	$372,346	$226,866	$623,528	$145,480
2021	$323,955	$353,627	$498,702	$-29,672
2020	$273,581	$231,741	$496,919	$41,840
2019	$276,806	$188,160	$445,680	$88,646