LINCOLN CNTY RURAL WATER SYSTEM INC (EIN 460314277) - 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

1970

Legal Domicile

Principal Officer

JOE BURNS

Phone

6057672966

Tax Period

2023-01-01 to 2023-12-31

LINCOLN CNTY RURAL WATER SYSTEM INC, founded in 1970, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2020. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $590K, a strong 27% operating margin.

Mission

TO DELIVER RURAL WATER AT AN AFFORDABLE COST

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,570,137

Investment Income $7,984

Other Revenue $0

TOTAL REVENUE $2,578,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $560,026

Fundraising Expenses $0

Program Expenses $1,658,004

Other Expenses $1,444,732

TOTAL EXPENSES $2,004,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,578,121	$2,804,145	-0.1%
Expenses	$2,004,758	$1,840,717	+0.1%
Net Income	$573,363	$963,428	-0.4%

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

$12,690

Total Directors

$12,690

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE BURNS	PRESIDENT	2.00	Officer	$4,935	$0	$4,935
LARRY HEALY	VICE PRESIDE	1.00	Officer	$4,230	$0	$4,230
OTTO HAGENDORN	SEC/TREAS	1.00	Officer	$3,525	$0	$3,525
MIKE PERKINSON	DIRECTOR	1.00	Director	$2,820	$0	$2,820
CHRIS HOFER	DIRECTOR	1.00	Director	$2,820	$0	$2,820
DAN FINK	DIRECTOR	1.00	Director	$3,995	$0	$3,995
TRENT LUBBERS	DIRECTOR	1.00	Director	$3,055	$0	$3,055
ROBIN DYKSTRA	MANAGER	40.00	Highest	$112,937	$0	$112,937

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	No data	No data	No data	No data
2023	$2,578,121	$2,004,758	$13,041,210	$573,363
2022	$2,804,145	$1,840,717	$12,673,819	$963,428
2021	$2,074,962	$1,638,321	$11,952,006	$436,641
2020	$2,205,334	$1,615,795	$11,698,264	$589,539

LINCOLN CNTY RURAL WATER SYSTEM INC