MAHASKA RURAL WATER SYSTEMS INC (EIN 421027242) - 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

Principal Officer

ROGER FYNAARDT

Phone

6416738851

Tax Period

2025-01-01 to 2025-12-31

MAHASKA RURAL WATER SYSTEMS INC, founded in 1974, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.1M left a modest 12% surplus.

Mission

PROVIDE WATER AND SEWER SERVICES TO A RURAL COMMUNITY OF APPROXIMATELY 4,520 USERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,194,076

Investment Income $138,753

Other Revenue $167,457

TOTAL REVENUE $3,500,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,039,374

Fundraising Expenses $0

Program Expenses $2,657,173

Other Expenses $2,057,021

TOTAL EXPENSES $3,096,395

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,500,286	$3,217,268	+0.1%
Expenses	$3,096,395	$2,615,414	+0.2%
Net Income	$403,891	$601,854	-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

$3,821

Total Directors

$8,321

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDAL PLEIMA	MANAGER	45.00	Highest	$165,882	$17,109	$182,991
ROGER FYNAARDT	PRESIDENT	0.50	Officer Director	$1,521	$0	$1,521
JOE TAYLOR	VICE PRESIDE	0.50	Officer Director	$1,200	$0	$1,200
JON GOEMAAT	SEC/TREASURE	0.50	Officer Director	$1,100	$0	$1,100
LARRY VAN MAANEN	DIRECTOR	0.50	Director	$1,100	$0	$1,100
MIKE VANDER HART	DIRECTOR	0.50	Director	$1,200	$0	$1,200
MARK BOENDER	DIRECTOR	0.50	Director	$1,100	$0	$1,100
BRYCE VELDHUIZEN	DIRECTOR	0.50	Director	$1,100	$0	$1,100

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	$3,500,286	$3,096,395	$20,379,687	$403,891
2024	$3,217,268	$2,615,414	$19,965,655	$601,854
2023	$2,879,233	$2,523,646	$18,674,360	$355,587
2022	$2,719,515	$2,486,477	$17,878,364	$233,038
2021	$2,777,347	$2,358,711	$18,072,103	$418,636
2020	$2,752,801	$2,233,809	$17,392,595	$518,992
2019	$2,767,852	$2,369,544	$17,436,082	$398,308
2018	$2,932,126	$2,325,868	$17,360,089	$606,258

MAHASKA RURAL WATER SYSTEMS INC