Tri-County Water Association Inc (EIN 460337249) - 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

1978

Legal Domicile

Principal Officer

Leo A Fischer

Phone

6059647766

Tax Period

2019-10-01 to 2020-09-30

Tri-County Water Association Inc, founded in 1978, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2017. Revenue fell 75% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.7M, a strong 70% operating margin.

Mission

The company was organized for the express purpose of providing water service to member customers in central South Dakota.

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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 (2019)

Revenue Breakdown

Contributions & Grants $1,038,259

Program Service Revenue $2,182,040

Investment Income $18,900

Other Revenue $71,740

TOTAL REVENUE $3,310,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $840,924

Fundraising Expenses $0

Other Expenses $977,295

TOTAL EXPENSES $1,818,219

Year-over-Year Comparison

	2019	2018	Change
Revenue	$3,310,939	$8,060,471	-0.6%
Expenses	$1,818,219	$1,781,868	+0.0%
Net Income	$1,492,720	$6,278,603	-0.8%

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

$178,981

Total Directors

$18,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Beau Bendigo	Chairman	1.00	Officer Director	$2,975	$0	$2,975
Robert Booth	Vice Chairman	1.00	Officer Director	$2,975	$0	$2,975
Roxee Holloway Oct-Feb	Secretary/Treasurer	1.00	Officer Director	$3,200	$0	$3,200
Lynn Williams	Director	1.00	Director	$2,175	$0	$2,175
Oren Lesmeister	Director	1.00	Director	$1,650	$0	$1,650
Jim Holloway	Director	1.00	Director	$2,425	$0	$2,425
Rolland Collins Sr	Director	1.00	Officer Director	$3,100	$0	$3,100
Leo Fischer	General Manager	40.00	Officer	$103,052	$0	$103,052
Sharon Means	Business Manager	40.00	Officer	$63,679	$0	$63,679

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
2020	$3,310,939	$1,818,219	$76,051,947	$1,492,720
2019	$8,060,471	$1,781,868	$78,566,890	$6,278,603
2018	$5,232,463	$1,574,909	$70,030,368	$3,657,554

Tri-County Water Association Inc