Dakota Mainstem Regional Water Sys… - Form 990 Financial Data

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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

2023

Legal Domicile

Phone

6052040125

Tax Period

2024-10-01 to 2025-09-30

Dakota Mainstem Regional Water System Inc, founded in 2023, is a small nonprofit that reported $829K in total revenue in fiscal year 2024. Revenue surged 310% from the prior year, signaling strong growth momentum. Expenses of $707K left a modest 15% surplus.

Mission

Dakota Mainstem Rural Water System, Inc. was incorporated on May 22, 2023under the laws of the State of South Dakota to establish a regional water system to provide wholesale water service to existing and future sellers of potable water at retail, including but not limited to rural water systems, municipalities, small utilities, and Indian Tribes and tribal entities.

Program Service Accomplishments

Program 1

Expenses: $545,223 Revenue: $828,825

Utilizing our state's most abundant water source, Dakota Mainstem is working towards sustainable access to abundant, clean, safe water for municipalities and rural water systems in Eastern South...

Utilizing our state's most abundant water source, Dakota Mainstem is working towards sustainable access to abundant, clean, safe water for municipalities and rural water systems in Eastern South Dakota and the peripheral of neighboring states.

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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 $828,825

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $828,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,957

Fundraising Expenses $0

Program Expenses $545,223

Other Expenses $578,818

TOTAL EXPENSES $706,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$828,825	$202,263	+3.1%
Expenses	$706,775	$182,611	+2.9%
Net Income	$122,050	$19,652	+5.2%

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

N/A

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kurt Pfeifle	Executive Dir.	40.00	Officer	$90,000	$0	$90,000
Ron Gillen	Vice President	0.50	Officer Director	$0	$0	$0
Jodi Johanson	Director	0.50	Director	$0	$0	$0
Bryan Read	Director	0.50	Director	$0	$0	$0
Eric Witt	Director	0.50	Director	$0	$0	$0
Reed Andres	Director	0.50	Director	$0	$0	$0
Terry Wootton	Director	0.50	Director	$0	$0	$0
Terry Kaufman	Director	0.50	Director	$0	$0	$0
Steve Muilenburg	Director	0.50	Director	$0	$0	$0
Trevor Bunde	Director	0.50	Director	$0	$0	$0
Brent Hoffmann	Treasurer	0.50	Officer Director	$0	$0	$0
Jake Jones	Director	0.50	Director	$0	$0	$0
Steve McFarland	Director	0.50	Director	$0	$0	$0
Jason Overby	Director	0.50	Director	$0	$0	$0
Patrick Baustian	Director	0.50	Director	$0	$0	$0
Teresa Sidel	Director	0.50	Director	$0	$0	$0
Allan Beyer	Director	0.50	Director	$0	$0	$0
Brett Runge	Director	0.50	Director	$0	$0	$0
Corey Dorhout	Director	0.50	Director	$0	$0	$0
Nolan Meyer	Director	0.50	Director	$0	$0	$0
Kristie Ellis	Director	0.50	Director	$0	$0	$0
Andrew Krege	Director	0.50	Director	$0	$0	$0
Brad Veit	Director	0.50	Director	$0	$0	$0
Nathan Vander Plaats	Director	0.50	Director	$0	$0	$0
Dave Harmsen	Director	0.50	Director	$0	$0	$0
Ryan Hegg	Director	0.50	Director	$0	$0	$0
Scott Gross	Director	0.50	Director	$0	$0	$0
Roger Briggs	Director	0.50	Director	$0	$0	$0
Scott Buss	Secretary	0.50	Officer Director	$0	$0	$0
Joe Schroeder	Director	0.50	Director	$0	$0	$0
Doug Westerman	Director	0.50	Director	$0	$0	$0
Matt Van Schouwen	Director	0.50	Director	$0	$0	$0
Adam Jans	Director	0.50	Director	$0	$0	$0
Scott Pick	Director	0.50	Director	$0	$0	$0
Lori Heumiller	Director	0.50	Director	$0	$0	$0
Dominic Jones	Director	0.50	Director	$0	$0	$0
Ryan Holtz	Director	0.50	Director	$0	$0	$0
Jennifer Wippert	Director	0.50	Director	$0	$0	$0
Ryan Johnson	President	0.50	Officer Director	$0	$0	$0
Kameron Runnels	Director	0.50	Director	$0	$0	$0
Matt Loewe	Director	0.50	Director	$0	$0	$0
Todd Uhl	Director	0.50	Director	$0	$0	$0
Jay Jorgensen	Director	0.50	Director	$0	$0	$0
Shane Griese	Director	0.50	Director	$0	$0	$0
Bert Magstadt	Director	0.50	Director	$0	$0	$0
Corey Dykstra	Director	0.50	Director	$0	$0	$0
Murray Hulstein	Director	0.50	Director	$0	$0	$0
Jim Thyen	Director	0.50	Director	$0	$0	$0
Troy Larson	Director	0.50	Director	$0	$0	$0
Thad Konrad	Director	0.50	Director	$0	$0	$0
Jason Meredith	Director	0.50	Director	$0	$0	$0
Scott Hain	Director	0.50	Director	$0	$0	$0
Kyle Goodmanson	Director	0.50	Director	$0	$0	$0
Melissa Kramer	Director	0.50	Director	$0	$0	$0
Dan Delaney	Director	0.50	Director	$0	$0	$0
Heidi Kramer	Director	0.50	Director	$0	$0	$0
Rick Larsen	Director	0.50	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	$828,825	$706,775	$272,208	$122,050
2024	$202,263	$182,611	$106,176	$19,652

Dakota Mainstem Regional Water System Inc