PAXTON WATER SUPPLY CORPORATION (EIN 237111592) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

ERIC GARRETT

Phone

9365909177

Tax Period

2024-01-01 to 2024-12-31

PAXTON WATER SUPPLY CORPORATION, founded in 1967, is a small nonprofit that reported $525K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $717K exceeded revenue, resulting in a 37% operating deficit.

Mission

THE MISSION OF THE WATER SUPPLY IS TO PROVIDE WATER SERVICE TO A RURAL AREAS OF SHELBY COUNTY, TX. THE MISSION IS TO BE ABLE TO PROVIDE A CLEAN, SAFE WATER SUPPLY TO THE GROWING CUSTOMER BASE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $524,951

Investment Income $0

Other Revenue $0

TOTAL REVENUE $524,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,637

Fundraising Expenses $0

Program Expenses $717,043

Other Expenses $619,407

TOTAL EXPENSES $717,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$524,951	$581,542	-0.1%
Expenses	$717,044	$584,145	+0.2%
Net Income	$-192,093	$-2,603	+72.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$33,823

Total Directors

$33,823

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC GARRETT	PRESIDENT	001.00	Officer Director	$33,823	$0	$33,823
JIMMY HAMILTON	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
BECKY BARKER	SECRETARY	001.00	Officer Director	$0	$0	$0
HAROLD IRISH	DIRECTOR	001.00	Director	$0	$0	$0
JOHNATHAN EUBANK	DIRECTOR	001.00	Director	$0	$0	$0
RICK KIRBY	DIRECTOR	001.00	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	$524,951	$717,044	$906,482	$-192,093
2023	$581,545	$584,145	$1,082,874	$-2,600
2022	$585,962	$501,970	$1,102,631	$83,992
2021	$479,892	$486,005	$1,053,846	$-6,113
2020	$466,091	$397,308	$1,097,377	$68,783
2019	$437,233	$413,509	$930,180	$23,724
2018	$460,795	$387,103	$923,251	$73,692

PAXTON WATER SUPPLY CORPORATION