LOGANSPORT WATER SYSTEM (EIN 462920155) - Form 990 Financial Analysis & Trantor Score

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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

2013

Legal Domicile

Principal Officer

LOWELL GRAHAM

Phone

5152301790

Tax Period

2025-01-01 to 2025-12-31

LOGANSPORT WATER SYSTEM, founded in 2013, is a small nonprofit in the Environment sector that reported $104K in total revenue in fiscal year 2025. Expenses of $121K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE ORGANIZATION'S PURPOSE IS TO PROVIDE WATER FOR RESIDENTIAL AND AGRICULTURAL PURPOSES IN THE LOGANSPORT, IOWA AREA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,500

Program Service Revenue $94,798

Investment Income $4,712

Other Revenue $921

TOTAL REVENUE $103,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,330

Fundraising Expenses $0

Program Expenses $116,565

Other Expenses $106,667

TOTAL EXPENSES $120,997

Year-over-Year Comparison

	2025	2024	Change
Revenue	$103,931	$98,532	+0.1%
Expenses	$120,997	$128,519	-0.1%
Net Income	$-17,066	$-29,987	-0.4%

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

$8,771

Total Directors

$10,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOWELL GRAHAM	President	15.00	Officer Director	$4,548	$0	$4,548
SUE HUDSON	Secretary/Treas	8.00	Officer Director	$4,223	$0	$4,223
JOEL LINDAHL	Director	5.00	Director	$1,429	$0	$1,429
JEFF ASKEY	Director	2.00	Director	$0	$0	$0
CARL OHRTMAN	Vice President	5.00	Officer Director	$0	$0	$0
TIM MORGAN	Director	1.00	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	$103,931	$120,997	$1,461,562	$-17,066
2024	No data	No data	No data	No data
2023	$93,456	$119,304	$1,538,418	$-25,848
2022	$115,494	$132,352	$1,579,132	$-16,858
2021	$521,623	$75,751	$1,521,973	$445,872
2020	$95,510	$54,253	$733,515	$41,257

LOGANSPORT WATER SYSTEM