WESTERN DAKOTA REGIONAL WATER SYSTEM (EIN 880625032) - 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

2021

Legal Domicile

Principal Officer

JAKE FITZGERALD

Phone

6055197333

Tax Period

2024-01-01 to 2024-12-31

WESTERN DAKOTA REGIONAL WATER SYSTEM, founded in 2021, is a small nonprofit in the Public & Societal Benefit sector that reported $184K in total revenue in fiscal year 2022. The organization ran a surplus of $72K, a strong 39% operating margin.

Mission

TO PROVIDE A SOURCE OF WATER FROM THE MISSOURI RIVER OR ANY OTHER FEASIBLE SOURCE TO ITS MEMBERS TO CONSTRUCT, BUILD AND OWN PLATS, FACILITIES AND PIPELINES FOR THE TRANSPORTING OF SAID WATER TO ITS MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,961,608

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,961,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,015

Fundraising Expenses $0

Other Expenses $280,041

TOTAL EXPENSES $426,056

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,961,608	$2,195,613	-0.1%
Expenses	$426,056	$597,547	-0.3%
Net Income	$1,535,552	$1,598,066	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

$91,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAKE FITZGERALD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM MARTIN	SECRETARY TREASURER	1.00	Officer Director	$0	$0	$0
BRUCE MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
TERESA HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD WILLIAMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
STACEY TITUS	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM MCMAHON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL CHAPMAN	EXECUTIVE DIRECTOR	32.00	Officer	$91,350	$0	$91,350

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	$1,961,608	$426,056	$3,219,111	$1,535,552
2023	$2,195,613	$597,547	$1,683,559	$1,598,066
2022	$183,500	$111,624	$656,241	$71,876

WESTERN DAKOTA REGIONAL WATER SYSTEM