BIG SIOUX COMMUNITY WATER (EIN 237302663) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

JODI JOHANSON

Phone

6059972098

Tax Period

2023-01-01 to 2023-12-31

BIG SIOUX COMMUNITY WATER, founded in 1972, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2018. Expenses of $2.6M left a modest 7% surplus.

Mission

TO PROVIDE QUALITY WATER AND EXCELLENT CUSTOMER SERVICE TO MEMBERS AND TOWNS IN MOODY AND LAKE COUNTIES, SOUTH DAKOTA

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $865,985

Program Service Revenue $3,647,151

Investment Income $61,725

Other Revenue $0

TOTAL REVENUE $4,574,861

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $867,925

Fundraising Expenses $0

Program Expenses $2,432,231

Other Expenses $2,267,004

TOTAL EXPENSES $3,139,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,574,861	$3,592,097	+0.3%
Expenses	$3,139,929	$3,094,035	+0.0%
Net Income	$1,434,932	$498,062	+1.9%

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

$232,828

Total Directors

$31,325

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODI JOHANSON	CEO	40.00	Officer	$103,812	$52,252	$156,064
MELISSA BARRON	CFO	40.00	Officer	$40,248	$23,216	$63,464
DAN DANNENBRING	CHAIR	1.00	Officer Director	$5,200	$0	$5,200
THOMAS KANSANBACK	VICE CHAIR	1.00	Officer Director	$4,425	$0	$4,425
KENT WHIPKEY	DIRECTOR	1.00	Director	$3,750	$0	$3,750
GAYLEN BACKUS	SEC/TREASURE	1.00	Officer Director	$3,675	$0	$3,675
VINCE NELSON	DIRECTOR	1.00	Director	$3,400	$0	$3,400
RICK OLIVIER	DIRECTOR	1.00	Director	$3,400	$0	$3,400
REGGIE GASSMAN	DIRECTOR	1.00	Director	$3,275	$0	$3,275
TOM HAGEDORN	DIRECTOR	1.00	Director	$2,800	$0	$2,800
JOHN MCCORKLE	DIRECTOR	1.00	Director	$1,400	$0	$1,400

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	$4,574,861	$3,139,929	$18,972,878	$1,434,932
2022	$3,592,097	$3,094,035	$17,638,413	$498,062
2021	$3,109,142	$2,822,222	$17,039,137	$286,920
2020	$2,912,477	$2,643,007	$16,709,267	$269,470
2019	$2,848,146	$2,670,891	$16,723,347	$177,255
2018	$2,843,016	$2,637,328	$16,983,872	$205,688

BIG SIOUX COMMUNITY WATER