SOUTHERN SIOUX COUNTY RURAL WATER … - Form 990 Financial Data

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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

1981

Legal Domicile

Phone

7122782212

Tax Period

2025-01-01 to 2025-12-31

SOUTHERN SIOUX COUNTY RURAL WATER SYSTEM INC, founded in 1981, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2025. The organization ran a surplus of $769K, a strong 26% operating margin.

Mission

WATER & SEWER SERVICE TO RURAL CUSTOMERS.

Program Service Accomplishments

Program 1

Expenses: $2,159,383

THE ORGANIZATION PROVIDES WATER SERVICE TO 4 SMALL TOWNS IN SIOUX & PLYMOUTH COUNTIES IN IOWA. WATER SERVICE BEGAN IN FEBRUARY 1981. PLANT IS FUNCTIONAL & IS EXPANDING TO MEET INCREASED DEMAND BY...

THE ORGANIZATION PROVIDES WATER SERVICE TO 4 SMALL TOWNS IN SIOUX & PLYMOUTH COUNTIES IN IOWA. WATER SERVICE BEGAN IN FEBRUARY 1981. PLANT IS FUNCTIONAL & IS EXPANDING TO MEET INCREASED DEMAND BY MEMBERS AND SMALL TOWNS. THE ORGANIZATION ALSO PROVIDES SEWER SERVICE TO ONE SMALL TOWN IN PLYMOUTH COUNTY. SEWER SERVICE BEGAN IN 1999.

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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 $2,830,385

Investment Income $71,959

Other Revenue $25,737

TOTAL REVENUE $2,928,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $501,480

Fundraising Expenses $0

Program Expenses $2,159,383

Other Expenses $1,657,903

TOTAL EXPENSES $2,159,383

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,928,081	$2,724,815	+0.1%
Expenses	$2,159,383	$2,195,071	0.0%
Net Income	$768,698	$529,744	+0.5%

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

N/A

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
JOHN HANSEN	Director	2.00	Director	$0	$0	$0
ADAM SCHMIDT	Director	2.00	Director	$0	$0	$0
KEITH KOERSELMAN	Vice President	2.00	Officer Director	$0	$0	$0
WILLIAM BURYANEK	Sec/Treas.	2.00	Officer Director	$0	$0	$0
DAVID KOOPMANS	Director	2.00	Director	$0	$0	$0
DANIEL SCHROEDER	Director	2.00	Director	$0	$0	$0
LOREN SCHNEPF	President	2.00	Officer Director	$0	$0	$0
GAYLEN TAPPER	Director	2.00	Director	$0	$0	$0
JEFF EILTS	Director	2.00	Director	$0	$0	$0
JOLENE LISTON	GENERAL MANAGER	40.00		$0	$0	$0
RUSSELL COONS	MANAGER DISTRIBUTION	40.00		$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	$2,928,081	$2,159,383	$20,359,928	$768,698
2024	$2,724,815	$2,195,071	$16,103,730	$529,744
2023	$2,632,333	$2,206,293	$15,700,338	$426,040
2022	$2,504,137	$1,904,004	$15,426,572	$600,133
2021	$2,298,225	$2,108,035	$15,473,497	$190,190
2020	$2,284,516	$1,861,612	$15,246,973	$422,904
2019	$2,072,430	$1,827,811	$15,101,801	$244,619
2018	$2,029,226	$1,774,431	$15,161,406	$254,795

SOUTHERN SIOUX COUNTY RURAL WATER SYSTEM INC