Whiterocks Irrigation Company (EIN 870234595) - 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

1989

Legal Domicile

Phone

4357908414

Tax Period

2024-12-01 to 2025-11-30

Whiterocks Irrigation Company, founded in 1989, is a small nonprofit that reported $353K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $597K exceeded revenue, resulting in a 69% operating deficit.

Mission

To provide irrigation water to farms and ranches 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 $12,000

Program Service Revenue $331,205

Investment Income $9,901

Other Revenue $0

TOTAL REVENUE $353,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,019

Fundraising Expenses $0

Program Expenses $586,241

Other Expenses $590,046

TOTAL EXPENSES $597,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$353,106	$325,689	+0.1%
Expenses	$597,065	$547,752	+0.1%
Net Income	$-243,959	$-222,063	+0.1%

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

N/A

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

$7,019

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Josie Nyberg	Secretary	5.00	Officer	$7,019	$0	$7,019
Jeremy Hancock	Trustee	2.00	Officer Director	$0	$0	$0
Steve Winn	Vice President	2.00	Director	$0	$0	$0
Tyson Murray	President	2.00	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	$353,106	$597,065	$14,109,139	$-243,959
2024	$325,689	$547,752	$14,489,849	$-222,063
2023	$329,247	$535,033	$14,852,394	$-205,786
2022	$328,966	$532,061	$15,208,292	$-203,095
2021	$413,549	$583,811	$15,556,635	$-170,262
2020	$636,701	$910,341	$16,046,437	$-273,640
2019	$1,074,088	$514,544	$16,285,513	$559,544

Whiterocks Irrigation Company