Piute Reservoir and Irrigation Comp (EIN 870166865) - 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

1939

Legal Domicile

Principal Officer

Kerry Savage

Phone

4358968386

Tax Period

2024-01-01 to 2024-12-31

Piute Reservoir and Irrigation Comp, founded in 1939, is a small nonprofit in the Public & Societal Benefit sector that reported $299K in total revenue in fiscal year 2024. The organization ran a surplus of $53K, a strong 18% operating margin.

Mission

Maintain water distribution system.

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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 $280,141

Investment Income $18,301

Other Revenue $150

TOTAL REVENUE $298,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,128

Fundraising Expenses $0

Program Expenses $235,642

Other Expenses $197,488

TOTAL EXPENSES $245,616

Year-over-Year Comparison

	2024	2023	Change
Revenue	$298,592	$290,715	+0.0%
Expenses	$245,616	$245,230	+0.0%
Net Income	$52,976	$45,485	+0.2%

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
Wayne Sorensen	Director	5.00	Director	$0	$0	$0
Nolan Bastain	Director	5.00	Director	$0	$0	$0
Jarvis Sorensen	Director	5.00	Director	$0	$0	$0
Dustin Christensen	Director	5.00	Director	$0	$0	$0
Kelly Johnson	Director	5.00	Director	$0	$0	$0
Glendon Anderson	Director	5.00	Director	$0	$0	$0
Kerry Savage	SecretaryTreasurer	20.00	Officer Director	$0	$0	$0
Loni Hammond	President	10.00	Officer Director	$0	$0	$0
Lee Huntsman	Director	10.00	Officer Director	$0	$0	$0
Mike Roberts	Vice President	5.00	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
2025	No data	No data	No data	No data
2024	$298,592	$245,616	$6,692,405	$52,976
2023	$290,715	$245,230	$6,639,429	$45,485
2022	$238,885	$215,925	$6,608,600	$22,960
2021	$193,694	$224,577	$6,607,640	$-30,883
2020	$265,829	$224,917	$6,660,523	$40,912
2019	$261,491	$238,721	$6,641,611	$22,770
2018	$252,856	$225,773	$6,640,841	$27,083

Piute Reservoir and Irrigation Comp