LINCOLN CNTY RURAL WATER SYSTEM INC

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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

1970

Legal Domicile

Principal Officer

JOE BURNS

Phone

6057672966

Tax Period

2025-01-01 to 2025-12-31

LINCOLN CNTY RURAL WATER SYSTEM INC, founded in 1970, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2025. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $961K, a strong 28% operating margin.

Mission

TO DELIVER RURAL WATER AT AN AFFORDABLE COST

Program Service Accomplishments

Program 1

Expenses: $2,088,007 Revenue: $3,334,314

TO DELIVER RURAL WATER AT AN AFFORDABLE COST

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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 $3,334,314

Investment Income $116,361

Other Revenue $0

TOTAL REVENUE $3,450,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $698,305

Fundraising Expenses $0

Program Expenses $2,088,007

Other Expenses $1,790,890

TOTAL EXPENSES $2,489,195

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,450,675	$4,344,530	-0.2%
Expenses	$2,489,195	$2,066,659	+0.2%
Net Income	$961,480	$2,277,871	-0.6%

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

$11,511

Total Directors

$9,174

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE BURNS	PRESIDENT	2.00	Officer	$4,522	$0	$4,522
LARRY HEALY	VICE PRESIDE	1.00	Officer	$3,486	$0	$3,486
MIKE PERKINSON	SEC/TREAS	1.00	Officer	$3,503	$0	$3,503
CHRIS HOFER	DIRECTOR	1.00	Director	$2,717	$0	$2,717
DAN FINK	DIRECTOR	1.00	Director	$3,472	$0	$3,472
ISAAC JOHNSON	DIRECTOR	1.00	Director	$2,233	$0	$2,233
MATTHEW ERICKSON	DIRECTOR	1.00	Director	$752	$0	$752
ROBIN DYKSTRA	MANAGER	40.00	Highest	$135,425	$0	$135,425

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	$3,450,675	$2,489,195	$18,513,414	$961,480
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