RURAL WATER ASSOCIATION OF UTAH (EIN 942716320) - 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

1980

Legal Domicile

Phone

8017565123

Tax Period

2023-01-01 to 2023-12-31

RURAL WATER ASSOCIATION OF UTAH, founded in 1980, is a community nonprofit in the Public & Societal Benefit sector that reported $3.3M in total revenue in fiscal year 2023. Expenses of $2.8M left a modest 15% surplus.

Mission

TECHNICAL ASSISTANCE FOR WATER AND WASTE WATER SYSTEMS

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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 $1,874,376

Program Service Revenue $1,397,638

Investment Income $0

Other Revenue $12,110

TOTAL REVENUE $3,284,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,553,780

Fundraising Expenses $0

Program Expenses $2,173,339

Other Expenses $1,239,841

TOTAL EXPENSES $2,793,621

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,284,124	$3,101,216	+0.1%
Expenses	$2,793,621	$2,710,141	+0.0%
Net Income	$490,503	$391,075	+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

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
KENT BARTON	PAST PRESIDENT	1.00	Officer	$0	$0	$0
BRETT CHYNOWETH	OFFICER	1.00	Officer	$0	$0	$0
PAUL FULGHAM	OFFICER	1.00	Officer	$0	$0	$0
NATHAN LANGSTON	OFFICER	1.00	Officer	$0	$0	$0
DEVIN MAGELBY	OFFICER	1.00	Officer	$0	$0	$0
JUSTIN MAUGHAN	Vice President	1.00	Officer	$0	$0	$0
JACOB SHARP	President	1.00	Officer	$0	$0	$0
RICK WIXOM	PAST PRESIDENT	1.00	Officer	$0	$0	$0
STEVE MCINTOSH	Secretary	1.00	Officer	$0	$0	$0
RYAN GOODRICH	OFFICER	1.00	Officer	$0	$0	$0
LUKE THOMAS	OFFICER	1.00	Officer	$0	$0	$0
BRETT PALMER	OFFICER	1.00	Officer	$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	No data	No data	No data	No data
2023	$3,284,124	$2,793,621	$2,948,724	$490,503
2022	$3,101,216	$2,710,141	$2,447,241	$391,075
2021	$3,088,618	$2,431,582	$1,806,143	$657,036
2020	$2,841,481	$2,393,500	$1,128,747	$447,981
2019	$2,308,801	$2,383,491	$623,556	$-74,690
2018	$2,088,415	$2,088,659	$708,270	$-244

RURAL WATER ASSOCIATION OF UTAH