SOUTH DAKOTA ASSOCIATION OF RURAL WATER SYSTEMS

EIN: 460340547

MADISON, SD

Total Revenue
$3,507,470
Total Expenses
$3,389,124
Total Assets
$3,387,786
Net Assets
$2,300,438
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
SD
Principal Officer
JEREMIAH CORBIN
Phone
6055567219
Tax Period
2024-10-01 to 2025-09-30

SOUTH DAKOTA ASSOCIATION OF RURAL WATER SYSTEMS, founded in 1976, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Expenses of $3.4M left a modest 3% surplus.

Mission

RURAL WATER DEVELOPMENT IN SOUTH DAKOTA

Program Service Accomplishments

Program 1
Expenses: $2,846,173 Revenue: $2,598,584

THIS IS AN ORGANIZATION OF MEMBER WATER SYSTEMS. THE ORGANIZATION PROVIDES SERVICES TO PROMOTE THE MUTUAL INTEREST AND WELFARE OF ITS MEMBERS PRIMARILY BY STUDYING THE FEASIBILITY OF NEW SYSTEMS AND...

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THIS IS AN ORGANIZATION OF MEMBER WATER SYSTEMS. THE ORGANIZATION PROVIDES SERVICES TO PROMOTE THE MUTUAL INTEREST AND WELFARE OF ITS MEMBERS PRIMARILY BY STUDYING THE FEASIBILITY OF NEW SYSTEMS AND PROVIDING TRAINING & ASSISTANCE TO ITS MEMBERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $491,172
Program Service Revenue $2,598,584
Investment Income $40,800
Other Revenue $376,914
TOTAL REVENUE $3,507,470

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,677,221
Fundraising Expenses $0
Program Expenses $2,846,173
Other Expenses $1,711,903
TOTAL EXPENSES $3,389,124

Year-over-Year Comparison

2024 2023 Change
Revenue $3,507,470 $3,636,941 0.0%
Expenses $3,389,124 $3,261,361 +0.0%
Net Income $118,346 $375,580 -0.7%
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

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Governance

Voting Members
32
Independent Members
32
Employees
19
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
5
$179,948
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMIAH CORBIN EXEC. DIRECT 40.00
Officer
$150,852 $29,096 $179,948
LLOYD POPPENS PRESIDENT N/A
Officer
$0 $0 $0
JIM THYEN VICE PRESIDE N/A
Officer
$0 $0 $0
JEFF MCGIRR TREASURER N/A
Officer
$0 $0 $0
JODI JOHANSON SECRETARY N/A
Officer
$0 $0 $0
RON GILLEN DIRECTOR N/A
Director
$0 $0 $0
PAUL BAUMILLER DIRECTOR N/A
Director
$0 $0 $0
TORRE RAAP DIRECTOR N/A
Director
$0 $0 $0
GARY JOHNSON DIRECTOR N/A
Director
$0 $0 $0
BOB LEWIS DIRECTOR N/A
Director
$0 $0 $0
MARLIN FJELLAND DIRECTOR N/A
Director
$0 $0 $0
TERRY MANNING DIRECTOR N/A
Director
$0 $0 $0
LUKE CLEMENTS DIRECTOR N/A
Director
$0 $0 $0
JAY GILBERTSON DIRECTOR N/A
Director
$0 $0 $0
MARK BOTTOLFSON DIRECTOR N/A
Director
$0 $0 $0
KURT PFEIFLE DIRECTOR N/A
Director
$0 $0 $0
BOB WEISZ DIRECTOR N/A
Director
$0 $0 $0
KEITH NEUGEBAUER DIRECTOR N/A
Director
$0 $0 $0
TOM FROGNER DIRECTOR N/A
Director
$0 $0 $0
DOUG DEGEN DIRECTOR N/A
Director
$0 $0 $0
DOYLE RENAAS DIRECTOR N/A
Director
$0 $0 $0
SIDNEY MUNSON DIRECTOR N/A
Director
$0 $0 $0
JOE BURNS DIRECTOR N/A
Director
$0 $0 $0
LLOYD RAVE DIRECTOR N/A
Director
$0 $0 $0
LYNN FREY DIRECTOR N/A
Director
$0 $0 $0
DAVID MEYERINK DIRECTOR N/A
Director
$0 $0 $0
BOB PHILLIPS DIRECTOR N/A
Director
$0 $0 $0
GREG NUGTEREN DIRECTOR N/A
Director
$0 $0 $0
OREN LESMEISTER DIRECTOR N/A
Director
$0 $0 $0
LOUIS KEHN DIRECTOR N/A
Director
$0 $0 $0
LES HINDS DIRECTOR N/A
Director
$0 $0 $0
KRISTIN CONZET DIRECTOR N/A
Director
$0 $0 $0
RICK DOUD DIRECTOR N/A
Director
$0 $0 $0
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 $3,507,470 $3,389,124 $3,387,786 $118,346
2024 $3,636,941 $3,261,361 $3,242,180 $375,580
2023 $2,852,107 $2,766,739 $2,709,314 $85,368
2022 $2,648,175 $2,590,458 $2,366,062 $57,717
2021 $2,088,092 $2,157,570 $2,219,776 $-69,478
2020 $2,270,972 $2,134,814 $2,139,621 $136,158
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