SPRINGVILLE IRRIGATION COMPANY

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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

1928

Principal Officer

ALBERT HARMER

Phone

8014912985

Tax Period

2023-12-01 to 2024-11-30

SPRINGVILLE IRRIGATION COMPANY, founded in 1928, is a small nonprofit that reported $438K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $563K exceeded revenue, resulting in a 28% operating deficit.

Mission

MANAGEMENT AND DELIVERY OF IRRIGATION WATER TO SHAREHOLDERS.

Program Service Accomplishments

Program 1

THE ORGANIZATION DELIVERED IRRIGATION WATER TO APPROXIMATELY 4,000 ACRES OF AGRICULTURAL LAND, DIRECTLY SUPPORTING THE FARMING OPERATIONS OF ALL SHAREHOLDER MEMBERS AND FULFILLING ITS MISSION TO...

THE ORGANIZATION DELIVERED IRRIGATION WATER TO APPROXIMATELY 4,000 ACRES OF AGRICULTURAL LAND, DIRECTLY SUPPORTING THE FARMING OPERATIONS OF ALL SHAREHOLDER MEMBERS AND FULFILLING ITS MISSION TO PROVIDE RELIABLE WATER RESOURCES FOR AGRICULTURAL USE.

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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 $438,470

Investment Income $10

Other Revenue $0

TOTAL REVENUE $438,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,925

Fundraising Expenses $0

Other Expenses $462,953

TOTAL EXPENSES $562,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$438,480	$743,837	-0.4%
Expenses	$562,878	$656,006	-0.1%
Net Income	$-124,398	$87,831	-2.4%

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

$840

Total Directors

$1,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT HARMER	PRESIDENT	1.00	Officer Director	$300	$0	$300
JANICE REEB	SECRETARY TR	N/A	Officer Director	$280	$0	$280
CHASE CRANDALL	VICE PRESIDE	N/A	Officer Director	$260	$0	$260
RICHARD CHILD	DIRECTOR	N/A	Director	$200	$0	$200
JAKE HARWARD	DIRECTOR	N/A	Director	$180	$0	$180
GEORGE HUTCHINGS	DIRECTOR	N/A	Director	$180	$0	$180

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	$438,480	$562,878	$603,170	$-124,398
2023	$743,837	$656,006	$757,384	$87,831
2022	$624,777	$784,792	$668,845	$-160,015
2021	$465,039	$622,303	$827,053	$-157,264
2020	$560,777	$460,723	$986,364	$100,054
2019	$465,435	$488,486	$901,982	$-23,051
2018	$454,014	$397,030	$931,276	$56,984