Grant-Roberts Rural Water System I… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Phone

6054326793

Tax Period

2023-11-01 to 2024-10-31

Grant-Roberts Rural Water System Inc, founded in 1978, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2023. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 67% operating margin.

Mission

Grant-Roberts Rural Water System's mission is to provide members quality water that meets safe drinking water standards and to operate and maintain a water distribution system for a long term water supply in our service area.

Program Service Accomplishments

Program 1

Provided water for domestic and commercial use to its members in Grant, Roberts, Codington and Deuel Counties in South Dakota and two communities in Lac qui Parle County in Minnesota.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,457,289

Program Service Revenue $1,918,071

Investment Income $89,365

Other Revenue $70,911

TOTAL REVENUE $5,535,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $540,486

Fundraising Expenses $0

Other Expenses $1,291,301

TOTAL EXPENSES $1,831,787

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,535,636	$2,045,865	+1.7%
Expenses	$1,831,787	$1,719,276	+0.1%
Net Income	$3,703,849	$326,589	+10.3%

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

$145,519

Total Directors

$16,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brent Hoffman	General Manager	45.00	Officer	$119,909	$15,310	$135,219
Bruce Granquist	Vice President	1.00	Officer Director	$2,800	$0	$2,800
Robert Hicks	Secretary	1.00	Officer Director	$2,800	$0	$2,800
Galen Zemlicka	President	2.00	Officer Director	$2,700	$0	$2,700
Mark Mueller	Director	1.00	Director	$2,600	$0	$2,600
Gary McDonald	Director	1.00	Director	$2,600	$0	$2,600
Tom Frogner	Treasurer	2.00	Officer Director	$2,000	$0	$2,000
Ted Hendricks	Director	1.00	Director	$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
2024	$5,535,636	$1,831,787	$17,623,399	$3,703,849
2023	$2,045,865	$1,719,276	$13,572,169	$326,589
2022	$1,946,762	$1,621,568	$13,347,664	$325,194
2021	$1,662,719	$1,523,227	$13,023,597	$139,492
2020	$1,660,737	$1,444,866	$12,986,132	$215,871
2019	$1,576,075	$1,415,772	$13,011,294	$160,303
2018	$1,643,599	$1,399,544	$12,830,842	$244,055

Grant-Roberts Rural Water System Inc