Civic Intelligence

Lincoln Cnty Rural Water System Inc

EIN 46-0314277 • 501(c)12 • Sioux Falls, SD

Profile

To deliver rural water at an affordable cost

27066 Henry PlSioux Falls, SD 57108-8147

www.lincolncoruralwater.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

48th percentile

0.33x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

1.20x

Higher debt load relative to revenue than 50% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2024

Net Margin

92nd percentile

52%

Higher net margin than 92% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$127,298

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

501(c)12 • $10M-$25M nonprofits • Source year 2024

Asset Growth

88th percentile

22%

Faster asset growth than 88% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

69%

Faster revenue growth than 93% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$15,867,904

Up $2,826,694 (+22%) from 2023

Liabilities

Up

$5,204,169

Up $548,823 (+12%) from 2023

Net Assets

Up

$10,663,735

Up $2,277,871 (+27%) from 2023

Revenue

Up

$4,344,530

Up $1,766,409 (+69%) from 2023

Expenses

Up

$2,066,659

Up $61,901 (+3.1%) from 2023

Net Income

Up

$2,277,871

Up $1,704,508 (+297%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $7,875,907Liabilities 2010: $4,617,698Net Assets 2010: $3,258,2092010Assets 2011: $9,191,171Liabilities 2011: $4,435,561Net Assets 2011: $4,755,6102011Assets 2012: $10,991,940Liabilities 2012: $6,149,756Net Assets 2012: $4,842,1842012Assets 2013: $10,476,760Liabilities 2013: $5,643,011Net Assets 2013: $4,833,7492013Assets 2014: $10,389,785Liabilities 2014: $5,468,818Net Assets 2014: $4,920,9672014Assets 2015: $10,876,342Liabilities 2015: $5,262,691Net Assets 2015: $5,613,6512015Assets 2016: $10,620,813Liabilities 2016: $5,127,116Net Assets 2016: $5,493,6972016Assets 2017: $10,355,262Liabilities 2017: $4,989,092Net Assets 2017: $5,366,1702017Assets 2018: $10,385,975Liabilities 2018: $4,852,190Net Assets 2018: $5,533,7852018Assets 2019: $10,486,760Liabilities 2019: $4,663,871Net Assets 2019: $5,822,8892019Assets 2020: $11,698,264Liabilities 2020: $5,285,836Net Assets 2020: $6,412,4282020Assets 2021: $11,952,006Liabilities 2021: $5,102,937Net Assets 2021: $6,849,0692021Assets 2022: $12,673,819Liabilities 2022: $4,861,318Net Assets 2022: $7,812,5012022Assets 2023: $13,041,210Liabilities 2023: $4,655,346Net Assets 2023: $8,385,8642023Assets 2024: $15,867,904Liabilities 2024: $5,204,169Net Assets 2024: $10,663,7352024

Highlighted filing

2024

Assets$15,867,904
Liabilities$5,204,169
Net Assets$10,663,735

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,537,3862010Expenses 2011: $1,149,9312011Revenue 2012: $1,452,841Expenses 2012: $1,366,267Net Income 2012: $86,5742012Revenue 2013: $1,449,639Expenses 2013: $1,458,074Net Income 2013: -$8,4352013Revenue 2014: $1,489,324Expenses 2014: $1,402,106Net Income 2014: $87,2182014Revenue 2015: $2,492,659Expenses 2015: $1,799,975Net Income 2015: $692,6842015Revenue 2016: $1,629,896Expenses 2016: $1,749,849Net Income 2016: -$119,9532016Revenue 2017: $1,775,506Expenses 2017: $1,903,031Net Income 2017: -$127,5252017Revenue 2018: $1,662,331Expenses 2018: $1,494,718Net Income 2018: $167,6132018Revenue 2019: $1,675,952Expenses 2019: $1,425,924Net Income 2019: $250,0282019Revenue 2020: $2,205,334Expenses 2020: $1,615,795Net Income 2020: $589,5392020Revenue 2021: $2,074,962Expenses 2021: $1,638,321Net Income 2021: $436,6412021Revenue 2022: $2,804,145Expenses 2022: $1,840,717Net Income 2022: $963,4282022Revenue 2023: $2,578,121Expenses 2023: $2,004,758Net Income 2023: $573,3632023Revenue 2024: $4,344,530Expenses 2024: $2,066,659Net Income 2024: $2,277,8712024

Highlighted filing

2024

Revenue$4,344,530
Expenses$2,066,659
Net Income$2,277,871

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.9$5.20$10.7$4.34$2.07$2.28
2023Detailed filing. Detailed filing data is available for this year.$13.0$4.66$8.39$2.58$2.00$0.57
2022Detailed filing. Detailed filing data is available for this year.$12.7$4.86$7.81$2.80$1.84$0.96
2021Detailed filing. Detailed filing data is available for this year.$12.0$5.10$6.85$2.07$1.64$0.44
2020Detailed filing. Detailed filing data is available for this year.$11.7$5.29$6.41$2.21$1.62$0.59
2019Summary only. Only limited summary data is available for this year.$10.5$4.66$5.82$1.68$1.43$0.25
2018Summary only. Only limited summary data is available for this year.$10.4$4.85$5.53$1.66$1.49$0.17
2017Summary only. Only limited summary data is available for this year.$10.4$4.99$5.37$1.78$1.90$0.13
2016Summary only. Only limited summary data is available for this year.$10.6$5.13$5.49$1.63$1.75$0.12
2015Summary only. Only limited summary data is available for this year.$10.9$5.26$5.61$2.49$1.80$0.69
2014Summary only. Only limited summary data is available for this year.$10.4$5.47$4.92$1.49$1.40$0.09
2013Summary only. Only limited summary data is available for this year.$10.5$5.64$4.83$1.45$1.46$0.01
2012Summary only. Only limited summary data is available for this year.$11.0$6.15$4.84$1.45$1.37$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.19$4.44$4.76$1.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.88$4.62$3.26$1.54
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.0
Gross Receipts
$4,539,738
Mission and Program Overview

Mission

To deliver rural water at an affordable cost

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,051,682$9,227,326▲ $2,175,644
Savings and Temporary Cash Investments$2,674,805$3,116,971▲ $442,166
Inventories for Sale or Use$187,390$273,384▲ $85,994
Accounts Receivable$171,675$154,586▼ $17,089
Prepaid Expenses and Deferred Charges$10,719$11,698▲ $979
Total Assets$13,041,210$15,867,904▲ $2,826,694
Other Assets Total$2,944,939$3,083,939▲ $139,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,148,496$4,704,126▲ $555,630
Other Liabilities$470,583$474,787▲ $4,204
Accounts Payable and Accrued Expenses$36,267$25,256▼ $11,011
Total Liabilities$4,655,346$5,204,169▲ $548,823
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,129,638$10,186,195▲ $2,056,557
Net Assets With Donor Restrictions$256,226$477,540▲ $221,314
Total Net Assets Fund Balance$8,385,864$10,663,735▲ $2,277,871
Total Liabilities and Net Assets / Fund Balance$13,041,210$15,867,904▲ $2,826,694

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,292,761$7,222,273$15,515,034
Buildings$875,491$337,753$1,213,244
Land$59,074-$59,074
Other Assets Org$3,083,939--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robin DykstraManagerFT$127,298$127,298
Joe BurnsPresident-$6,125$6,125
Larry HealyVice Preside-$3,920$3,920
Dan FinkDirector-$3,675$3,675
Trent LubbersDirector-$3,675$3,675
Chris HoferDirector-$3,185$3,185
Otto HagendornSec/treas-$3,185$3,185
Mike PerkinsonDirector-$2,940$2,940
Revenue and Support

Revenue Composition

Contributions and Grants
$1,548,152
Program Service Revenue
$2,616,025
Investment Income
$180,353
Other Revenue
$0
Change in Net Assets
$2,277,871

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,344,530
Total Revenue per Audited Statements
$4,344,530
Total Revenue per Form 990
$4,344,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,429,723
Salaries, Compensation, and Employee Benefits$636,936
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$390,759$112,912-$503,671
Depreciation Depletion$376,164--$376,164
Interest$153,146--$153,146
Office Expenses$30,338$56,847-$87,185
Pension Plan Contributions$35,738$29,175-$64,913
Fees for Services Other$58,009--$58,009
Other Expenses$42,086$27,946-$42,086
Payroll Taxes$22,929$18,718-$41,647
All Other Expenses$35,652--$35,652
Insurance$27,191$6,378-$33,569
Current Officers, Directors, Trustees, and Key Employees$26,705--$26,705
Total Functional Expenses$1,814,683$251,976$0$2,066,659

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,066,659
Total Expenses per Audited Statements$2,066,659
Total Expenses per Form 990$2,066,659
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Membership Deposits$474,787
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has members

Form 990, Page 6, Part VI, Line 7A

The members of the organization have the power to elect members of the governing body

Form 990, Page 6, Part VI, Line 7B

Decisions of the organization are subject to approval by members not included in the governing body

Form 990, Page 6, Part VI, Line 11B

Form 990 part vi section b line 11b - the general manager and office manager review the form 990 for accuracy and then provide the board members and members of the organization a complete copy of the form 990 before filing with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

The organization requires annual review and updating of the conflict of interest policy.

Form 990, Page 6, Part VI, Line 19

All organization records are on file in sioux falls, sd, and are available for review at the members' request.

Filing and Contact Details

Filer

Filer Name
Lincoln Cnty Rural Water System Inc
EIN
46-0314277
Phone
6057672966
Address
27066 HENRY PL, SIOUX FALLS, SD 57108-8147

Signing Officer

Name
Joe Burns
Title
President
Phone
6057672966
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Burns
Formed
1970
Legal Domicile
Sd
Voting Board Members
7
Independent Board Members
7
Employees
7

Preparer

Firm
Kmwf & Associates Pc
Address
6009 S SHARON AVE STE 101, SIOUX FALLS, SD 57108
Preparer
Mary Pat Mullen
Phone
6053367213
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0390759
IRS990/OtherSalariesAndWagesGrp/TotalAmt0503671
IRS990/OtherSourcesGrossIncomeAmt0190681
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018718
IRS990/PayrollTaxesGrp/ProgramServicesAmt022929
IRS990/PayrollTaxesGrp/TotalAmt041647
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt029175
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt035738
IRS990/PensionPlanContributionsGrp/TotalAmt064913
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010719
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011698
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IRS990/ProgramServiceRevenueGrp/Desc1CUSTOMER CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2CAPACITY FEE
IRS990/ProgramServiceRevenueGrp/Desc3LEASE INCOME
IRS990/ProgramServiceRevenueGrp/Desc4HOOKUP LINE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02034030
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1244278
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2113448
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt390120
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt479778
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1244278
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IRS990/PYTotalRevenueAmt02578121
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0337753
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01213244
IRS990ScheduleD/EquipmentGrp/BookValueAmt08292761
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07222273
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015515034
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt059074
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03083939
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERSHIP DEPOSITS
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt09227326
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03083939
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE ORGANIZATION HAVE THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS OF THE ORGANIZATION ARE SUBJECT TO APPROVAL BY MEMBERS NOT INCLUDED IN THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 PART VI SECTION B LINE 11B - THE GENERAL MANAGER AND OFFICE MANAGER REVIEW THE FORM 990 FOR ACCURACY AND THEN PROVIDE THE BOARD MEMBERS AND MEMBERS OF THE ORGANIZATION A COMPLETE COPY OF THE FORM 990 BEFORE FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REQUIRES ANNUAL REVIEW AND UPDATING OF THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL ORGANIZATION RECORDS ARE ON FILE IN SIOUX FALLS, SD, AND ARE AVAILABLE FOR REVIEW AT THE MEMBERS' REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalContributionsAmt01548152
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01814683
IRS990/TotalFunctionalExpensesGrp/TotalAmt02066659
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04655346
IRS990/TotalLiabilitiesEOYAmt05204169
IRS990/TotalLiabilitiesGrp/BOYAmt04655346
IRS990/TotalLiabilitiesGrp/EOYAmt05204169
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08385864
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010663735
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt054371
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt054371
IRS990/TotalProgramServiceExpensesAmt01814683
IRS990/TotalProgramServiceRevenueAmt02616025
IRS990/TotalReportableCompFromOrgAmt0154003
IRS990/TotalRevenueGrp/ExclusionAmt0100561
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02695817
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04344530
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013041210
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03300 S LISA DR
IRS990/USAddress/CityNm0SIOUX FALLS
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057110
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.LINCOLNCORURALWATER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOE BURNS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06057672966
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LINCOLN CNTY RURAL WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0LINC
ReturnHeader/Filer/EIN0460314277
ReturnHeader/Filer/PhoneNum06057672966
ReturnHeader/Filer/USAddress/AddressLine1Txt027066 HENRY PL
ReturnHeader/Filer/USAddress/CityNm0SIOUX FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd0571088147
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460387944
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KMWF & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06009 S SHARON AVE STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SIOUX FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057108
ReturnHeader/PreparerPersonGrp/PhoneNum06053367213
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY PAT MULLEN
ReturnHeader/ReturnTs02025-05-14T17:56:51-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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