PERKINS COUNTY RURAL WATER SYSTEM INC (EIN 460426436) - 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

1993

Legal Domicile

Phone

6052445608

Tax Period

2023-01-01 to 2023-12-31

PERKINS COUNTY RURAL WATER SYSTEM INC, founded in 1993, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2018. Revenue decreased 5% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 41% operating deficit.

Mission

TO BRING QUALITY WATER TO PERKINS COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,097,363

Investment Income $58,789

Other Revenue $5,912

TOTAL REVENUE $1,162,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $238,078

Fundraising Expenses $0

Program Expenses $1,932,840

Other Expenses $1,746,580

TOTAL EXPENSES $1,984,658

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,162,064	$1,292,584	-0.1%
Expenses	$1,984,658	$1,950,822	+0.0%
Net Income	$-822,594	$-658,238	+0.2%

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

$6,175

Total Directors

$9,363

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN FREY	Secretary	3.00	Officer Director	$2,850	$0	$2,850
DON MELLING	President	3.00	Officer Director	$1,950	$0	$1,950
LUKE CLEMENTS	Director	3.00	Director	$1,813	$0	$1,813
PATRICK DALZELL	Director	3.00	Director	$1,375	$0	$1,375
BRIAN MORRIS	Vice President	3.00	Officer Director	$1,375	$0	$1,375

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	No data	No data	No data	No data
2023	$1,162,064	$1,984,658	$19,643,440	$-822,594
2022	$1,292,584	$1,950,822	$20,713,759	$-658,238
2021	$1,316,715	$2,085,173	$21,395,860	$-768,458
2020	$1,116,797	$1,997,770	$22,228,197	$-880,973
2019	$957,462	$1,824,492	$23,053,991	$-867,030
2018	$1,277,985	$1,803,685	$23,857,399	$-525,700

PERKINS COUNTY RURAL WATER SYSTEM INC