White Oak Shores Sewer Service Corporation (EIN 260320297) - 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

2009

Legal Domicile

Principal Officer

Wanda Hammons

Phone

9033837571

Tax Period

2023-01-01 to 2023-12-31

White Oak Shores Sewer Service Corporation, founded in 2009, is a small nonprofit in the Public & Societal Benefit sector that reported $156K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $41K, a strong 26% operating margin.

Mission

Provide established owners a sewer system organized to comply with Chapter 67 of the Texas Water Code

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $154,943

Investment Income $815

Other Revenue $0

TOTAL REVENUE $155,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,466

Fundraising Expenses $0

Program Expenses $115,065

Other Expenses $102,599

TOTAL EXPENSES $115,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$155,758	$142,698	+0.1%
Expenses	$115,065	$108,505	+0.1%
Net Income	$40,693	$34,193	+0.2%

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

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

$2,752

Total Directors

$11,500

Key Employees

$8,748

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lois Compton	President	20.00	Officer Director	$0	$0	$0
Pat Simmons	Secretary/Treasurer	15.00	Officer Director Highest	$2,752	$0	$2,752
Wanda Hammons	Director	8.00	Director Key Emp	$8,748	$0	$8,748
Joe Aitken	Director	4.00	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
2024	No data	No data	No data	No data
2023	$155,758	$115,065	$625,476	$40,693
2022	$142,698	$108,505	$614,796	$34,193
2021	$135,770	$69,455	$596,994	$66,315
2020	$130,396	$72,928	$621,328	$57,468
2019	$129,860	$79,320	$615,197	$50,540
2018	$127,055	$77,576	$593,860	$49,479

White Oak Shores Sewer Service Corporation