Clark Rural Water System Inc (EIN 460345498) - 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

Phone

6055325201

Tax Period

2025-01-01 to 2025-12-31

Clark Rural Water System Inc, founded in 1978, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2018. Expenses of $1.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

Operation of system for distribution of water to its members for farm, agriculture, personal consumption and commercial or ag production use - rural water system.

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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 $270,246

Program Service Revenue $1,932,619

Investment Income $27,471

Other Revenue $118,637

TOTAL REVENUE $2,348,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $539,247

Fundraising Expenses $0

Other Expenses $1,478,953

TOTAL EXPENSES $2,018,200

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,348,973	$1,985,996	+0.2%
Expenses	$2,018,200	$1,881,463	+0.1%
Net Income	$330,773	$104,533	+2.2%

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

$5,000

Total Directors

$8,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terry Kaufman	Manager	40.00		$120,339	$27,242	$147,581
Marlin Fjelland	Director	0.50	Director	$3,400	$0	$3,400
Mark McHenry	Vice President	0.50	Officer	$1,400	$0	$1,400
Darrell Seefeldt	Secretary	0.50	Officer	$1,400	$0	$1,400
Mark Meland	Director	0.50	Director	$1,200	$0	$1,200
Michele Brikholtz	Director	0.50	Director	$1,200	$0	$1,200
Ryan Helkenn	Director	0.50	Director	$1,200	$0	$1,200
Myron Hanson	Director	0.50	Director	$1,200	$0	$1,200
Arlen Boehnke	Treasurer	0.50	Officer	$1,200	$0	$1,200
Steve Arnesen	President	0.50	Officer	$1,000	$0	$1,000

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	$2,348,973	$2,018,200	$15,484,360	$330,773
2024	No data	No data	No data	No data
2023	$1,840,241	$1,959,907	$15,349,715	$-119,666
2022	$1,711,814	$1,911,493	$15,639,172	$-199,679
2021	$1,780,241	$1,813,786	$16,022,145	$-33,545
2020	$2,600,731	$1,719,461	$16,200,843	$881,270
2019	$1,297,723	$1,587,945	$14,949,333	$-290,222
2018	$1,377,498	$1,601,115	$14,287,381	$-223,617

Clark Rural Water System Inc