LYON & SIOUX RURAL WATER SYSTEM INC (EIN 420958917) - 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

1974

Legal Domicile

Phone

7124723755

Tax Period

2024-01-01 to 2024-12-31

LYON & SIOUX RURAL WATER SYSTEM INC, founded in 1974, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2024. The organization ran a surplus of $1.0M, a strong 20% operating margin.

Mission

A RURAL WATER SYSTEM THAT IS DEDICATED TO PROVIDING SAFE, HIGH QUALITY WATER TO RURAL RESIDENTS IN THE IOWA COUNTIES OF LYON AND SIOUX AS WELL AS THE IOWA CITIES OF ALVORD, BOYDEN, DOON, GEORGE, INWOOD, LESTER, MATLOCK AND LARCHWOOD.

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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 $4,753,166

Investment Income $191,785

Other Revenue $198,811

TOTAL REVENUE $5,143,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $715,270

Fundraising Expenses $0

Other Expenses $3,399,648

TOTAL EXPENSES $4,114,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,143,762	$4,890,509	+0.1%
Expenses	$4,114,918	$4,083,906	+0.0%
Net Income	$1,028,844	$806,603	+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

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
BRUCE BONANDER	Vice President	1.00	Officer Director	$0	$0	$0
TYLER KLAASSEN	Treasurer	1.00	Officer Director	$0	$0	$0
CRAIG VAN OTTERLOO	BOARD MEMBER	1.00	Director	$0	$0	$0
CRAIG METZGER	Secretary	1.00	Officer Director	$0	$0	$0
BARRY POLLEMA	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN TIEDEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF HOOGENDOORN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK MOSER	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY VAN ROEKEL	President	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$5,143,762	$4,114,918	$37,394,535	$1,028,844
2023	$4,890,509	$4,083,906	$36,762,744	$806,603
2022	$4,293,120	$3,900,426	$36,385,544	$392,694
2021	$4,022,027	$3,458,580	$35,906,071	$563,447
2020	$4,139,451	$3,270,039	$25,686,829	$869,412
2019	$3,796,557	$3,136,381	$25,154,822	$660,176
2018	$3,338,806	$2,979,001	$24,711,712	$359,805

LYON & SIOUX RURAL WATER SYSTEM INC