RURAL WATER DISTRICT NO 2 (EIN 730974076) - 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

1975

Legal Domicile

Phone

5802543652

Tax Period

2024-11-01 to 2025-10-31

RURAL WATER DISTRICT NO 2, founded in 1975, is a small nonprofit that reported $440K in total revenue in fiscal year 2024. Expenses of $388K left a modest 12% surplus.

Mission

ASSIST IN PROVIDING WATER SERVICE TO RURAL AREAS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,000

Program Service Revenue $414,736

Investment Income $19,579

Other Revenue $3,952

TOTAL REVENUE $440,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,593

Fundraising Expenses $0

Program Expenses $353,297

Other Expenses $235,067

TOTAL EXPENSES $387,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$440,267	$435,488	+0.0%
Expenses	$387,660	$381,197	+0.0%
Net Income	$52,607	$54,291	0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD HARRIS	Director	1.00	Director	$0	$0	$0
MARK SWEET	Secretary	1.00	Officer Director	$0	$0	$0
GARY CLYDEN	Vice President	1.00	Officer Director	$0	$0	$0
RANDY GLITSCH	President	2.00	Officer Director	$0	$0	$0
JOHN OGDEN	Treasurer	1.00	Officer 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	$440,267	$387,660	$2,478,515	$52,607
2024	$595,488	$381,197	$2,596,792	$214,291
2023	$399,948	$334,331	$2,358,647	$65,617
2022	$632,151	$333,030	$2,301,925	$299,121
2021	$395,803	$319,395	$2,124,399	$76,408
2020	$418,927	$315,662	$2,131,923	$103,265
2019	$292,707	$289,314	$2,162,166	$3,393
2019	$292,707	$289,314	$2,162,166	$3,393
2019	$342,707	$289,314	$2,162,166	$53,393
2019	$292,707	$289,314	$2,162,166	$3,393
2018	$427,822	$260,890	$2,253,046	$166,932
2018	$358,202	$260,890	$2,253,046	$97,312
2018	$358,202	$260,890	$2,253,046	$97,312

RURAL WATER DISTRICT NO 2