Lehi Irrigation Company (EIN 870215225) - 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

1880

Legal Domicile

Principal Officer

John Bushman

Phone

8017688730

Tax Period

2024-01-01 to 2024-12-31

Lehi Irrigation Company, founded in 1880, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $411K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $70K, a strong 17% operating margin.

Mission

The Company is responsible for the delivery of irrigation water to its shareholders. The Company is also responsible for the maintenance of the canals used for irrigation water delivery by assessing shareholders the anticipated costs of its operations and maintenance.

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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 $7,825

Program Service Revenue $378,087

Investment Income $20,398

Other Revenue $4,965

TOTAL REVENUE $411,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,088

Fundraising Expenses $0

Other Expenses $253,483

TOTAL EXPENSES $341,571

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,275	$365,632	+0.1%
Expenses	$341,571	$277,193	+0.2%
Net Income	$69,704	$88,439	-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

$28,690

Total Directors

$7,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Larry Hadfield	President	5.00	Officer Director	$1,500	$0	$1,500
Jeff Murdoch	Vice President	1.00	Officer Director	$1,500	$0	$1,500
Paul Hancock	Member	1.00	Director	$1,500	$0	$1,500
Matt Dalton	Member	1.00	Director	$1,500	$0	$1,500
David Norman	Member	1.00	Director	$1,500	$0	$1,500
John Bushman	Secretary	5.00	Officer	$1,690	$0	$1,690
Dixie Bushman	Treasurer	5.00	Officer	$24,000	$0	$24,000

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	$411,275	$341,571	$1,442,214	$69,704
2023	$365,632	$277,193	$1,384,200	$88,439
2022	$363,272	$320,586	$1,306,775	$42,686
2021	$343,045	$312,160	$1,275,539	$30,885
2020	$314,529	$312,013	$1,255,170	$2,516
2019	$217,193	$198,509	$1,272,642	$18,684
2018	$311,216	$270,226	$1,262,439	$40,990

Lehi Irrigation Company