Sioux Rural Water System Inc (EIN 460319686) - 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

1973

Legal Domicile

Phone

6058821321

Tax Period

2025-01-01 to 2025-12-31

Sioux Rural Water System Inc, founded in 1973, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2018. The organization ran a surplus of $734K, a strong 30% operating margin.

Mission

Provide a sufficient amount of quality water to members and towns in Hamlin, Codington, Deuel and Clark counties.

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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 (2025)

Revenue Breakdown

Contributions & Grants $116,469

Program Service Revenue $3,332,980

Investment Income $12,006

Other Revenue $105,462

TOTAL REVENUE $3,566,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $716,229

Fundraising Expenses $0

Other Expenses $2,358,761

TOTAL EXPENSES $3,074,990

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,566,917	$4,330,246	-0.2%
Expenses	$3,074,990	$3,279,429	-0.1%
Net Income	$491,927	$1,050,817	-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

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

$30,498

Total Directors

$21,096

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Travis Steffensen	General Manager	40.00		$92,630	$33,824	$126,454
Jim Thyen	Vice President	0.50	Officer	$12,532	$0	$12,532
Darwin Mack	President	0.50	Officer	$9,911	$0	$9,911
Keith Smith	Director	0.50	Director	$5,197	$0	$5,197
Betsy Oleson	Director	0.50	Director	$4,876	$0	$4,876
Chris Hanten	Director	0.50	Director	$4,452	$0	$4,452
Todd Moritz	Secretary	0.50	Officer	$4,218	$0	$4,218
Daniel Schleusner	Treasurer	0.50	Officer	$3,837	$0	$3,837
Kent Roe	Director	0.50	Director	$3,819	$0	$3,819
Brad Jongeling	Director	0.50	Director	$2,752	$0	$2,752

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	$3,566,917	$3,074,990	$26,898,574	$491,927
2024	$4,330,246	$3,279,429	$23,769,743	$1,050,817
2023	$4,484,830	$2,512,811	$22,450,876	$1,972,019
2022	$3,231,112	$2,241,869	$19,435,568	$989,243
2021	$2,897,271	$1,882,570	$16,692,563	$1,014,701
2020	$2,355,072	$1,994,341	$13,953,858	$360,731
2019	$2,256,040	$1,801,883	$13,147,061	$454,157
2018	$2,486,653	$1,753,039	$12,935,430	$733,614

Sioux Rural Water System Inc