Provo River Water Users Association (EIN 870217610) - 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

1935

Legal Domicile

Principal Officer

Jeff Budge

Phone

8017968770

Tax Period

2025-01-01 to 2025-12-31

Provo River Water Users Association, founded in 1935, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $233.3M represent 333 months of operating reserves.

Mission

To deliver Provo River Project water in a safe, efficient, and economical manner for the benefit of its shareholders and those they serve.

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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 $7,805,147

Investment Income $583,675

Other Revenue $27,954

TOTAL REVENUE $8,416,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,605,748

Fundraising Expenses $0

Other Expenses $6,900,837

TOTAL EXPENSES $8,506,585

Year-over-Year Comparison

	2025	2024	Change
Revenue	$8,416,776	$7,746,210	+0.1%
Expenses	$8,506,585	$8,063,919	+0.1%
Net Income	$-89,809	$-317,709	-0.7%

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

$224,086

Total Directors

$7,760

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom Godfrey	President	1.00	Officer Director	$4,160	$0	$4,160
Christopher R Tschirki	Vice President	1.00	Officer Director	$0	$0	$0
Laura Briefer	Director	1.00	Director	$0	$0	$0
Joan Degiorgio	Director	1.00	Director	$3,600	$0	$3,600
Wayne Windsor	Director	1.00	Director	$0	$0	$0
Jacob Young	Director	1.00	Director	$0	$0	$0
Dan Johnson	Director	1.00	Director	$0	$0	$0
John Kirkham	Director	1.00	Director	$0	$0	$0
Tom Ward	Director	1.00	Director	$0	$0	$0
Annalee Munsey	Director	1.00	Director	$0	$0	$0
Jeff Budge	General Manager	40.00	Officer	$164,602	$55,324	$219,926
Brad Jorgensen	Operations Asst Mgr	40.00	Highest	$144,802	$56,364	$201,166
Dave Faux	Operations/Maint Mgr	40.00	Highest	$137,979	$51,455	$189,434
Ryan Fowlke	Technician	40.00	Highest	$110,761	$44,083	$154,844
Stephen Su'a-Filo	Asst Project Manager	40.00	Highest	$114,163	$25,752	$139,915

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	$8,416,776	$8,506,585	$329,140,772	$-89,809
2024	$7,746,210	$8,063,919	$320,557,249	$-317,709
2023	$6,994,490	$7,953,630	$288,716,338	$-959,140
2022	$5,531,616	$7,735,314	$250,006,171	$-2,203,698
2021	$5,096,994	$7,821,310	$250,097,041	$-2,724,316
2020	$4,744,620	$10,148,829	$253,829,234	$-5,404,209
2019	$4,541,495	$7,643,496	$254,762,102	$-3,102,001
2018	$4,915,931	$7,496,317	$258,369,229	$-2,580,386

Provo River Water Users Association