HANSON RURAL WATER SYSTEM (EIN 460353646) - 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

1986

Legal Domicile

Principal Officer

JAKE JONES

Phone

6054494422

Tax Period

2024-11-01 to 2025-10-31

HANSON RURAL WATER SYSTEM, founded in 1986, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2018. Expenses of $1.2M left a modest 5% surplus.

Mission

OPERATION OF A RURAL WATER SYSTEM FOR THE BENEFIT OF MEMBERS RESIDING IN HANSON COUNTY, 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 (2024)

Revenue Breakdown

Contributions & Grants $270,847

Program Service Revenue $1,753,044

Investment Income $63,897

Other Revenue $4,031

TOTAL REVENUE $2,091,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,050

Fundraising Expenses $0

Other Expenses $1,406,169

TOTAL EXPENSES $1,427,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,091,819	$1,589,597	+0.3%
Expenses	$1,427,219	$1,300,351	+0.1%
Net Income	$664,600	$289,246	+1.3%

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

N/A

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

$10,250

Total Directors

$21,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE EICH	VICE CHAIR	1.00	Officer Director	$3,700	$0	$3,700
DOUG DEGEN	DIRECTOR	1.00	Director	$3,400	$0	$3,400
LELAND NESHEIM	CHAIR	1.00	Officer Director	$3,300	$0	$3,300
RICHARD NEPPL	SECRETARY/TR	1.00	Officer Director	$3,250	$0	$3,250
KELLY ENDORF	DIRECTOR	1.00	Director	$2,600	$0	$2,600
KENNETH KAYSER	DIRECTOR	1.00	Director	$2,600	$0	$2,600
DONALD PATZLAFF	DIRECTOR	1.00	Director	$2,200	$0	$2,200

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	$2,091,819	$1,427,219	$8,477,015	$664,600
2024	$1,589,597	$1,300,351	$7,895,810	$289,246
2023	$1,484,872	$1,219,882	$7,668,058	$264,990
2022	$1,484,922	$1,363,429	$7,461,082	$121,493
2021	$1,477,399	$1,349,615	$7,440,518	$127,784
2020	$1,370,325	$1,279,512	$7,567,604	$90,813
2019	$1,257,944	$1,188,935	$7,730,749	$69,009

HANSON RURAL WATER SYSTEM