Ouray Park Irrigation Company (EIN 870228039) - 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

1937

Legal Domicile

Phone

4357225153

Tax Period

2024-01-01 to 2024-12-31

Ouray Park Irrigation Company, founded in 1937, is a small nonprofit that reported $624K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $761K exceeded revenue, resulting in a 22% operating deficit.

Mission

The delivery of irrigation water to farmers in northeastern Utah.

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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 $621,329

Investment Income $2,872

Other Revenue $0

TOTAL REVENUE $624,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,000

Fundraising Expenses $0

Program Expenses $718,454

Other Expenses $739,720

TOTAL EXPENSES $760,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$624,201	$564,126	+0.1%
Expenses	$760,720	$768,543	0.0%
Net Income	$-136,519	$-204,417	-0.3%

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

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

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shane Frost	Chairman	5.00	Director	$12,000	$0	$12,000
Lee Hanberg	Director	1.00	Director	$0	$0	$0
Joe Frost	Director	1.00	Director	$0	$0	$0
Steve Hanberg	Director	1.00	Officer Director	$0	$0	$0
Wade McPherson	Director	1.00	Director	$0	$0	$0
Mitch Hacking	Director	1.00	Director	$0	$0	$0
David R Yeaman	Director	1.00	Officer Director	$0	$0	$0
Paul Smart	Director	1.00	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
2024	$624,201	$760,720	$7,215,690	$-136,519
2023	$564,126	$768,543	$7,417,358	$-204,417
2022	$815,033	$841,165	$7,815,303	$-26,132
2021	$786,653	$872,369	$8,034,447	$-85,716
2020	$698,741	$760,683	$8,034,371	$-61,942
2019	$534,053	$721,475	$8,058,604	$-187,422
2018	$750,062	$853,722	$8,470,418	$-103,660

Ouray Park Irrigation Company