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PeerBasis
Compensation Comparability Determination

Richmond Irrigation & Power Company

Executive Director / CEO

EIN 832666927
UT · NTEE Y22
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Kurt Nalder, Executive Director / CEO ($25,464) against every comparable organization that fit the selection criteria — 18 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 78th percentile of comparable organizationswithin the typical range

Benchmarked executive: Kurt Nalder — reported title “WATER MASTER”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

How comparable organizations were selected

18 organizations qualified on sector, size, and geography 18 within the band form the benchmarked peer set.

Distribution of comparable compensation

$473 total compensation of comparable organizations → $130,360 $25,464
$59710th
$90925th
$5,727Median
$17,62575th
$75,27090th
$25,464This org · 78th
p10$597
p25$909
p50$5,727
p75$17,625
p90$75,270
$25,464

Comparable organizations

Each figure is Form 990 Part VII columns D + F (reportable pay plus other compensation and benefits; column F may include amounts from related organizations), normalized to UT cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateRevenueMatched titleComp
(reported)
Comp
(adjusted)
FY
Belah-fellowship Water System Inc LA$420,011 President $1,200 $1,329 2023
Old Union Water Association Inc MS$416,814 President $520 $582 2023
Burgess Canal & Irrigation Co ID$407,580 Secretary $15,333 $15,526 2025
Southside Mutual Domestic NM$394,397 President $450 $473 2024
Russell Utilities Inc MS$449,253 President $590 $626 2025
Ridge Utilities Inc VA$379,700 General Mana $43,600 $41,132 2024
Calhoun County Water Association Inc AR$348,739 President $550 $604 2024
Broadwater-missouri MT$339,212 Secretary $12,227 $12,878 2024
Friendship Community Water System MS$507,446 President $1,200 $1,306 2024
Mapleton Irrigation Company UT$510,917 President $1,200 $1,200 2024
International Foundation For IL$317,314 Managing Dir $133,900 $128,620 2024
Fhlm Regional Water Supply TX$544,377 Secretary/treasurer $14,400 $14,489 2023
Anderson Township Regional Sewer District IN$292,105 Superintendent $49,402 $52,406 2023
Big V Water Association MS$571,518 President $1,200 $1,306 2024
Little Potato Slough Mutual Water Comp CA$575,860 Treasurer $12,000 $10,124 2024
New Carroll Water Association Inc LA$597,725 Director $17,032 $18,324 2024
Kipling Water Association MS$618,753 President $725 $812 2023
Oquirrh Mountain Water Company UT$626,150 Trustee $130,360 $130,360 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to UT cost of living and 2024 dollars. Click any organization to verify the figure on ProPublica.

Methodology

Comparable organizations were drawn from electronically filed IRS Form 990 returns and matched on sector (NTEE code), budget (a size-adaptive revenue band that tightens as the organization grows), and geography (same-state first, broadening only when too few peers qualify); every organization within the band forms the peer set. To compare fairly across regions and years, peer compensation is normalized to UT cost of living (BEA Regional Price Parities, 2023) and to the subject's filing year (CPI-U). The figure benchmarked is Form 990 Part VII, Section A, columns D + F — reportable pay plus other compensation, benefits, and deferred amounts (column F may include amounts from related organizations) — with the chief executive matched by role. Related-organization amounts (column E) and institutional trustees are excluded. Full methodology: peerbasis.org/methodology.

Sample, role match & sensitivity

Sensitivity — the subject's percentile under alternative compensation definitions:

BasisSubject percentile
Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default78th
Total compensation (D + F), as reported (no adjustments)78th
Reportable pay only (column D), adjusted78th
All sources (D + E + F), adjusted78th

If the percentile moves materially across these definitions, the result is sensitive to methodology choices, and the board should weigh which basis best fits its facts.

Rebuttable presumption of reasonableness · 26 CFR 53.4958-6

Compensation paid by a tax-exempt organization is presumed reasonable — shifting the burden to the IRS — when three requirements are met. This report supplies the comparability data for the second. The board should record the following in its minutes concurrently with its decision:

Draft board minutes — executive compensation

  1. The compensation of the Executive Director / CEO (Kurt Nalder) was approved in advance by [the Board / Compensation Committee], composed of members with no conflict of interest with respect to the arrangement.
  2. Prior to its determination, the authorized body obtained and relied upon appropriate comparability data, namely the PeerBasis Compensation Comparability Determination dated June 9, 2026, comparing compensation against 18 similarly situated organizations (Same NTEE sector (Y22), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $25,464 is reasonable (approximately the 78th percentile of comparable organizations) and documented the basis for this determination concurrently, on [date], by a vote of [__ for / __ against].

Sources: IRS Form 990 e-file data (apps.irs.gov); IRS Business Master File (NTEE classification). Every figure traces to an original public filing — click any organization above to verify it on ProPublica. PeerBasis is a service of Prismind Analytics; its methodology is published, was commissioned for independent adversarial review, and discloses its own limitations. This report is comparability data to support a board's good-faith determination under IRC 4958; it is not legal or tax advice. Generated by PeerBasis on June 9, 2026.