Joint Well Field Inc (EIN 582667474) - 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

2003

Legal Domicile

Phone

6057944201

Tax Period

2023-01-01 to 2023-12-31

Joint Well Field Inc, founded in 2003, is a small nonprofit in the Mutual Benefit sector that reported $465K in total revenue in fiscal year 2018. The organization ran a surplus of $104K, a strong 22% operating margin.

Mission

To provide a realiable source of water for the tax exempt rural water systems of Brookings-Deuel Rural Water System and Kingbrook 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $747,713

Investment Income $35,044

Other Revenue $74,105

TOTAL REVENUE $856,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,139

Fundraising Expenses $0

Other Expenses $725,577

TOTAL EXPENSES $738,716

Year-over-Year Comparison

	2023	2022	Change
Revenue	$856,862	$2,476,788	-0.7%
Expenses	$738,716	$567,491	+0.3%
Net Income	$118,146	$1,909,297	-0.9%

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

$2,100

Total Directors

$1,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Brandenburger	Director	1.00	Director	$700	$0	$700
Troy Lenning	Director	1.00	Director	$700	$0	$700
Neal Kjenstad	President	1.00	Officer	$700	$0	$700
Scott Tolzin	Vice President	1.00	Officer	$700	$0	$700
Doyle Renaas	Sec/Treasurer	1.00	Officer	$700	$0	$700
Reed Andries	Manager - Bks D	1.00	Director	$525	$0	$525
Heath Thompson	Manager - Kingb	1.00	Director	$0	$0	$0
Rodney Stormo	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$856,862	$738,716	$8,836,721	$118,146
2022	$2,476,788	$567,491	$6,306,434	$1,909,297
2021	$758,352	$487,063	$2,543,710	$271,289
2020	$695,837	$445,650	$2,338,387	$250,187
2019	$563,019	$404,853	$2,105,870	$158,166
2018	$464,817	$360,625	$1,985,539	$104,192

Joint Well Field Inc