FHLM REGIONAL WATER SUPPLY (EIN 320068826) - 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

2007

Legal Domicile

Principal Officer

CHARLES BESEDA

Phone

2547495784

Tax Period

2023-01-01 to 2023-12-31

FHLM REGIONAL WATER SUPPLY, founded in 2007, is a small nonprofit in the Mutual Benefit sector that reported $544K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $461K, a strong 85% operating margin.

Mission

SECURING WATER SERVICE FOR RURAL AREAS IN CENTRAL TEXAS.

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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 $397,204

Investment Income $147,173

Other Revenue $0

TOTAL REVENUE $544,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,863

Fundraising Expenses $0

Other Expenses $67,024

TOTAL EXPENSES $82,887

Year-over-Year Comparison

	2023	2022	Change
Revenue	$544,377	$425,880	+0.3%
Expenses	$82,887	$81,155	+0.0%
Net Income	$461,490	$344,725	+0.3%

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

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

$14,400

Total Directors

$14,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES BESEDA	PRESIDENT	2.00	Officer Director	$0	$0	$0
FRED KUBITZA	DIRECTOR	0.00	Director	$0	$0	$0
BARRY HAND	DIRECTOR	0.00	Director	$0	$0	$0
RICK JASKA	DIRECTOR	0.00	Director	$0	$0	$0
TRICIA FREYTAG	SECRETARY/TREASURER	0.00	Officer Director	$14,400	$0	$14,400
LINDA JORDAN	DIRECTOR	0.00	Director	$0	$0	$0
JOHN SIMCIK	DIRECTOR	0.00	Director	$0	$0	$0
BURL SHELTON	DIRECTOR	0.00	Director	$0	$0	$0
JOHN BESEDA	DIRECTOR	0.00	Director	$0	$0	$0
BILL BLOUNT	VICE PRESIDENT	0.00	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
2023	$544,377	$82,887	$8,788,788	$461,490
2022	$425,880	$81,155	$8,599,599	$344,725
2021	$540,069	$5,196	$610,019	$534,873

FHLM REGIONAL WATER SUPPLY