South Lincoln Rural Water System Inc (EIN 460338181) - 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

1976

Legal Domicile

Phone

6057779905

Tax Period

2024-01-01 to 2024-12-31

SOUTH LINCOLN RURAL WATER SYSTEM INC, founded in 1976, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2018. The organization ran a surplus of $723K, a strong 26% operating margin.

Mission

At South Lincoln Rural Water System, we are committed to providing safe, high quality water services to our community, while maintaining a standard of excellence in customer service and environmental conservation.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,102,522

Program Service Revenue $3,671,160

Investment Income $156,775

Other Revenue $-267,041

TOTAL REVENUE $7,663,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $758,344

Fundraising Expenses $0

Other Expenses $1,949,186

TOTAL EXPENSES $2,707,530

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,663,416	$10,410,147	-0.3%
Expenses	$2,707,530	$2,861,817	-0.1%
Net Income	$4,955,886	$7,548,330	-0.3%

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

$124,846

Total Directors

$41,645

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Stearns	General Manager	40.00	Officer	$95,654	$0	$95,654
Lloyd Poppens	Chairman	5.00	Officer Director	$18,610	$0	$18,610
Terry Van Meeteren	Director	1.00	Director	$4,794	$0	$4,794
Ralph Hammer	Secretary	5.00	Officer Director	$4,699	$0	$4,699
Matt Loewe	Director	1.00	Director	$4,357	$0	$4,357
John Haverhals	Director	1.00	Director	$3,302	$0	$3,302
Nancy Bitterman	Treasurer	5.00	Officer Director	$3,101	$0	$3,101
Zach Jensen	Vice Chairman	5.00	Officer Director	$2,782	$0	$2,782

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	$7,663,416	$2,707,530	$44,870,305	$4,955,886
2023	$10,410,147	$2,861,817	$27,457,013	$7,548,330
2022	$3,892,622	$2,586,820	$17,659,695	$1,305,802
2021	$3,484,729	$2,201,919	$15,695,126	$1,282,810
2020	$2,026,235	$2,016,209	$10,351,292	$10,026
2019	$2,620,032	$1,977,250	$10,174,482	$642,782
2018	$2,757,904	$2,034,584	$9,987,932	$723,320

South Lincoln Rural Water System Inc