National Rural Water Association
501(c)(6)
99% goes to programs $0 to raise $100 Strong reserves Growing revenue
National Rural Water Association is a 501(c)(6) organization based in Duncan, Oklahoma, registered in 1996, with $81,786,877 in FY2024 revenue. CharityIndex grades it A+, and it directs about 99% of spending to programs.
2915 S 13th St, Duncan, OK, 73533 EIN 73-1006395 Since 1996
Revenue (FY2024)
$81.8M
▲ 14.0% vs prior year
Expenses (FY2024)
$74.5M
Net assets
$69.5M
Employees
62
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating99% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For National Rural Water Association: 99% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For National Rural Water Association: 11 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For National Rural Water Association: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For National Rural Water Association: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To strengthen state associations.
Contact & location
Financial trends
Revenue grew from $49.9M (FY2019) to $81.8M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $19.6MNet assets $69.5M
Operating margin
8.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$89.1M
Total liabilities
$19.6M
Net assets
$69.5M
Salaries & benefits
$8.2M
11% of expenses
Board members
49
49 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $81,786,877▲14.0% | $74,539,636▲9.3% | $69,477,280▲10.9% | $89,126,630▲10.2% | 990 |
| 2023 | $71,767,101▲9.9% | $68,193,714▲9.4% | $62,670,071▲19.1% | $80,853,175▲10.2% | 990 |
| 2022 | $65,286,342▲14.0% | $62,333,478▲19.6% | $52,607,783▼1.8% | $73,396,041▲2.1% | 990 |
| 2021 | $57,280,479▲6.1% | $52,106,861▲4.1% | $53,593,527▲7.6% | $71,914,464▲9.9% | 990 |
| 2020 | $53,975,148▲8.1% | $50,040,265▲8.1% | $49,787,436▲25.2% | $65,416,148▲17.5% | 990 |
| 2019 | $49,940,515 | $46,292,818 | $39,758,926 | $55,666,563 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Matthew Holmes — $379,325 (0.51% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matthew Holmes | Ceo | 48 | $379,325 |
| William Simpson | Legislative Director | 40 | $342,832 |
| Brian Churchman | Cfo | 45 | $264,508 |
| Charles Stephens | Sr. Executive Policy Direc | 40 | $261,677 |
| Michael Preston | Deputy Director of Leg. Af | 40 | $248,041 |
| Vern Steel | Coo | 40 | $246,258 |
| Shannan Walton | Apprenticeship Programs Manager | 40 | $150,543 |
| Alan Haught | Member | 1 | — |
| Allen Kelm | Member | 1 | — |
| Bill Shroyer | Member | 1 | — |
| Bob Blough | Member | 1 | — |
| Brad Andersen | Member | 1 | — |
| Chris Kenyon | Sr. Vice President | 1 | — |
| Chuck Mcvey | Member | 1 | — |
| Craig Sollberger | Member | 1 | — |
| Dannie Mcmillan | Member | 1 | — |
| David Baird | Member | 1 | — |
| David Peterson | Vice President | 1 | — |
| David Waller | Member | 1 | — |
| Don Zuern | Member | 1 | — |
Top vendors & contractors (FY2020)
| Contractor | Services | Paid |
|---|---|---|
| Keith Heard DBA Key Impact Strategi | Lobbying | $120,000 |
Grants made · $60.9M in FY2024
49 grants totaling $60.9M in FY2024 — showing the 15 largest. All grants made by National Rural Water Association →
| Recipient | Purpose | Amount |
|---|---|---|
| California Rural Water Association | Sub-award | $2,025,432 |
| Minnesota Rural Water Association | Sub-award | $1,851,153 |
| Texas Rural Water Association | Sub-award | $1,715,841 |
| South Dakota Association of Rural Water Systems | Sub-award | $1,618,628 |
| Kansas Rural Water Association | Sub-award | $1,566,682 |
| South Carolina Rural Water Association | Sub-award | $1,553,784 |
| Kentucky Rural Water Association | Sub-award | $1,544,929 |
| Florida Rural Water Association Inc | Sub-award | $1,509,761 |
| Missouri Rural Water Association | Sub-award | $1,495,123 |
| Mississippi Rural Water Association Inc | Sub-award | $1,490,844 |
| Colorado Rural Water Association | Sub-award | $1,473,726 |
| New York Rural Water Association Inc | Sub-award | $1,440,218 |
| Alliance of Indiana Rural Waterfoundation Inc | Sub-award | $1,430,357 |
| North Dakota Rural Water Systems Association Inc | Sub-award | $1,421,234 |
| Montana Rural Water Systems Inc | Sub-award | $1,417,279 |
Frequently asked questions
- Is National Rural Water Association a legitimate nonprofit?
- Yes. National Rural Water Association is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 73-1006395, based in Duncan, Oklahoma.
- What is National Rural Water Association's EIN?
- National Rural Water Association's Employer Identification Number (EIN) is 73-1006395.
- How much revenue does National Rural Water Association report?
- National Rural Water Association reported $81,786,877 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of National Rural Water Association's spending goes to programs?
- National Rural Water Association spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does National Rural Water Association have?
- CharityIndex grades National Rural Water Association A+, based on program efficiency and fundraising cost.
- How much does National Rural Water Association's highest-paid employee make?
- The highest reported compensation on National Rural Water Association's latest Form 990 is $379,325, paid to Matthew Holmes (Ceo).
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Data for National Rural Water Association (EIN 73-1006395) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.