NEVADA RURAL WATER ASSOCIATION (EIN 943132670) - 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

1990

Legal Domicile

Principal Officer

KEVIN BAUGHMAN

Phone

7758414222

Tax Period

2021-01-01 to 2021-12-31

NEVADA RURAL WATER ASSOCIATION, founded in 1990, is a small nonprofit that reported $792K in total revenue in fiscal year 2021. Revenue decreased 8% compared to the prior year. Expenses of $912K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE TECHNICAL ASSISTANCE AND TRAINING TO SMALL RURAL WATER AND SEWER COMPANIES AND DISTRICTS IN NEVADA

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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 (2021)

Revenue Breakdown

Contributions & Grants $650,704

Program Service Revenue $0

Investment Income $1,360

Other Revenue $140,342

TOTAL REVENUE $792,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $563,632

Fundraising Expenses $0

Program Expenses $596,519

Other Expenses $348,021

TOTAL EXPENSES $911,653

Year-over-Year Comparison

	2021	2020	Change
Revenue	$792,406	$863,193	-0.1%
Expenses	$911,653	$945,423	0.0%
Net Income	$-119,247	$-82,230	+0.5%

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
NATHAN ADAMS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BARNEY ARNESON	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
JOSEPH DAVIS	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
CAMERON MCKAY	PRESIDENT	N/A	Officer Director	$0	$0	$0
GRANT PERKINS	BOARD MEMBER	N/A	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
2021	$792,406	$911,653	$226,051	$-119,247
2020	$863,193	$945,423	$469,842	$-82,230
2019	$1,131,396	$1,110,671	$463,996	$20,725
2018	$1,166,244	$1,186,487	$409,365	$-20,243

NEVADA RURAL WATER ASSOCIATION