BDM RURAL WATER SYSTEM INC (EIN 363309890) - 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

1981

Legal Domicile

Principal Officer

TORRE RAAP

Phone

6054485417

Tax Period

2024-01-01 to 2024-12-31

BDM RURAL WATER SYSTEM INC, founded in 1981, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2018. Expenses of $3.0M left a modest 4% surplus.

Mission

TO PROVIDE CLEAN WATER TO RURAL COMMUNITIES AT AFFORDABLE PRICES

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,268,428

Program Service Revenue $3,630,352

Investment Income $137,578

Other Revenue $59,884

TOTAL REVENUE $9,096,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $668,023

Fundraising Expenses $0

Other Expenses $2,373,902

TOTAL EXPENSES $3,041,925

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,096,242	$3,598,933	+1.5%
Expenses	$3,041,925	$2,955,762	+0.0%
Net Income	$6,054,317	$643,171	+8.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TORRE RAAP	CHAIRMAN	5.00	Officer	$0	$0	$0
KEVIN DEUTSCH	VICE CHAIRMA	2.00	Officer	$0	$0	$0
HAL TREEBY	SECRETARY/TR	2.00	Officer	$0	$0	$0
MARC O'BRIEN	DIRECTOR	2.00	Director	$0	$0	$0
TERRY LEONHARDT	DIRECTOR	2.00	Director	$0	$0	$0
DON OGREN	DIRECTOR	2.00	Director	$0	$0	$0
ALEX SUTHER	DIRECTOR	2.00	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	$9,096,242	$3,041,925	$31,245,281	$6,054,317
2023	$3,598,933	$2,955,762	$23,863,966	$643,171
2022	$3,337,382	$3,123,977	$23,645,809	$213,405
2021	$3,479,719	$3,133,178	$23,937,955	$346,541
2020	$3,252,752	$3,001,478	$24,076,976	$251,274
2019	$3,031,385	$3,026,590	$24,594,811	$4,795
2018	$3,125,191	$2,992,950	$22,346,289	$132,241

BDM RURAL WATER SYSTEM INC