BEAR RIVER CANAL COMPANY (EIN 870359764) - 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

1977

Principal Officer

JEFF HARDY

Phone

4352575975

Tax Period

2023-10-01 to 2024-09-30

BEAR RIVER CANAL COMPANY, founded in 1977, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 57% operating margin.

Mission

TO PROVIDE RESOURCES NECESSARY FOR MAINTENANCE AND LABOR OF IRRIGATION SYSTEMS AND SUPPLY WATER TO MEMBERS

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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 $2,174,206

Program Service Revenue $2,544,160

Investment Income $3,842

Other Revenue $0

TOTAL REVENUE $4,722,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $793,227

Fundraising Expenses $0

Other Expenses $1,260,014

TOTAL EXPENSES $2,053,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,722,208	$3,204,404	+0.5%
Expenses	$2,053,241	$1,939,758	+0.1%
Net Income	$2,668,967	$1,264,646	+1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF HARDY	PRESIDENT	1.00	Director	$0	$0	$0
CHARLES HOLMGREN	VICE PRESIDE	1.00	Director	$0	$0	$0
BOB ROCHE	SECRETARY	1.00	Director	$0	$0	$0
JAY CAPENER	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE NORMAN	DIRECTOR	1.00	Director	$0	$0	$0
MITCH HANCOCK	DIRECTOR	1.00	Director	$0	$0	$0
RICK STEVENSON	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$4,722,208	$2,053,241	$10,533,367	$2,668,967
2023	$3,204,404	$1,939,758	$7,992,072	$1,264,646
2022	$2,499,568	$1,847,625	$6,239,998	$651,943
2021	$1,936,671	$1,570,440	$5,346,565	$366,231
2020	$2,071,487	$1,619,429	$5,122,922	$452,058
2019	$2,084,245	$1,494,157	$4,252,083	$590,088
2018	$1,592,504	$1,674,020	$3,365,784	$-81,516
2017	$1,457,024	$1,562,278	$3,428,470	$-105,254

BEAR RIVER CANAL COMPANY