Kingbrook Rural Water System Inc (EIN 460322961) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Phone

6059835074

Tax Period

2023-01-01 to 2023-12-31

Kingbrook Rural Water System Inc, founded in 1975, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year. Expenses of $4.6M left a modest 11% surplus.

Mission

Sale of water to members in Hamlin, Clark, Kingsbury, Brookings, Lake, Moody, Miner, Minnehaha, Beadle, Sanborn and McCook counties in South Dakota.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,041,096

Program Service Revenue $8,797,856

Investment Income $251,074

Other Revenue $390,459

TOTAL REVENUE $12,480,485

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,839,246

Fundraising Expenses $0

Other Expenses $5,105,517

TOTAL EXPENSES $6,944,763

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,480,485	$10,793,043	+0.2%
Expenses	$6,944,763	$6,641,916	+0.0%
Net Income	$5,535,722	$4,151,127	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$14,800

Total Directors

$17,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heath Thompson	General Manager	40.00		$111,409	$37,117	$148,526
Marvin Antonen	Chairman	1.00	Officer	$6,200	$0	$6,200
Doyle Renaas	Director	1.00	Director	$4,600	$0	$4,600
Corey Dorhout	Director	1.00	Director	$4,600	$0	$4,600
Brian Christensen	Director	1.00	Director	$4,400	$0	$4,400
Rodney Stormo	Sec/Treasurer	1.00	Officer	$4,400	$0	$4,400
Scott Tolzin	Vice Chairman	1.00	Officer	$4,200	$0	$4,200
Norman Andenas	Director	1.00	Director	$3,800	$0	$3,800

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$12,480,485	$6,944,763	$65,246,493	$5,535,722
2022	$10,793,043	$6,641,916	$59,675,886	$4,151,127
2021	$7,687,381	$6,204,168	$51,752,105	$1,483,213
2020	$6,866,575	$5,728,085	$50,727,730	$1,138,490
2019	$6,671,712	$5,144,253	$50,059,089	$1,527,459
2018	$5,218,714	$4,629,596	$47,000,843	$589,118

Kingbrook Rural Water System Inc