Mapleton Irrigation Company

Nonprofit profile at a glance

EIN
870232279
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Springville, UT, USA
Phone
8014916264
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Local Benevolent Life Insurance Associations

Reported finances

Revenue
$510,917
Expenses
$351,165
Assets
$2,881,204
Liabilities
$809,299

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • MICHAEL MINER (PRESIDENT)

Highest reported compensation

  • RILEY SNOW (ATTORNEY): $1,860 total reported compensation
  • HAL BLACK (BOARD MEMBER): $1,200 total reported compensation
  • DAVID FULLER (BOARD MEMBER): $1,200 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

This company is a mutual benefit corporation organized to develop, divert, store, and distribute water within its defined service area located in Utah county, state of Utah, to its shareholders for domestic use, irrigation, and other useful and beneficial purposes; to acquire and hold the water rights taken up for domestic use and irrigation of the lands under that system, and to acquire, construct, hold, operate and maintain wells, water lines, diversion works, canals, ditches, reservoirs, and construct, hold, operate and maintain wells, water lines, diversion works, canals, ditches, reservoirs, and other facilities, including fire-fighting equipment, as may be deemed desirable to the functioning of that system; to do any and all things necessary or proper to be done in managing and controlling that system and conducting the business of supplying its shareholders with water; and to fix, charge and collect from its shareholders tolls, rentals, assessments and maintenance charges for th

What it reported doing in 2024

The organization receives financial support, beginning with the largest source, for the present and foreseeable future is as follows: percent annual shareholder dues & fees: 84.00 other revenue: 16.00

Operating model

Revenue model
Membership-supported. 82% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 90
  • Accountability: 63
  • Sustainability: 76
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.3%; rating input score 70
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 9 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 31.3%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 8.2; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 2.6%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 4.2% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: -9.6% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 6.5% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 70.3% of revenue deployed · 100% of spending went to programs
  • Governance: 7 of 7 board members independent · 1 of 9 filing controls reported
  • Programs: 2 filed program accomplishments
  • Leadership: top reported pay $2K · 7 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.