DECATUR COUNTY RURAL WATER CORP (EIN 351364063) - 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

1965

Legal Domicile

Principal Officer

LEE BOHMAN

Phone

8126633119

Tax Period

2024-01-01 to 2024-12-31

DECATUR COUNTY RURAL WATER CORP, founded in 1965, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 14% surplus.

Mission

PROVIDE WATER SERVICE TO MEMBERS IN RURAL COMMUNITIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,540,226

Investment Income $149,211

Other Revenue $0

TOTAL REVENUE $1,689,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $286,313

Fundraising Expenses $0

Program Expenses $1,248,138

Other Expenses $1,165,730

TOTAL EXPENSES $1,452,043

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,689,437	$1,387,392	+0.2%
Expenses	$1,452,043	$1,206,414	+0.2%
Net Income	$237,394	$180,978	+0.3%

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

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
LEE BOHMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
DENNIS COLLINS	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFF DECK	BOARD MEMBER	1.00	Director	$0	$0	$0
DERIC HUDSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BRIAN HUFF	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM LUKEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS MENKEDICK	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH MOORMAN	TREASURER	1.00	Officer Director	$0	$0	$0
DENNIS WEBER	BOARD MEMBER	1.00	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
2024	$1,689,437	$1,452,043	$16,445,658	$237,394
2023	$1,387,392	$1,206,414	$16,380,493	$180,978
2022	$1,402,514	$1,146,847	$16,371,712	$255,667
2021	$1,308,792	$1,064,523	$16,289,293	$244,269
2020	$1,289,148	$1,080,258	$16,197,894	$208,890
2019	$1,288,627	$1,116,206	$16,238,312	$172,421
2018	$1,221,991	$1,056,448	$16,177,850	$165,543

DECATUR COUNTY RURAL WATER CORP