PAXTON WATER CORPORATION (EIN 351346123) - 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

1967

Legal Domicile

Principal Officer

JEFF SPURLOCK

Phone

8122683637

Tax Period

2025-01-01 to 2025-12-31

PAXTON WATER CORPORATION, founded in 1967, is a small nonprofit that reported $769K in total revenue in fiscal year 2025. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $145K, a strong 19% operating margin.

Mission

TO SUPPLY WATER TO ITS MEMBERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $747,062

Investment Income $14,320

Other Revenue $7,162

TOTAL REVENUE $768,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,065

Fundraising Expenses $0

Other Expenses $462,857

TOTAL EXPENSES $623,922

Year-over-Year Comparison

	2025	2024	Change
Revenue	$768,544	$459,197	+0.7%
Expenses	$623,922	$412,563	+0.5%
Net Income	$144,622	$46,634	+2.1%

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

Total Directors

$5,870

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON HENRY	PRESIDENT	0.25	Director	$900	$0	$900
RAY PIANTEDOSI	VICE PRESIDENT	0.25	Director	$660	$0	$660
TROY COX	SECRETARY	0.25	Director	$720	$0	$720
JEFF SPURLOCK	TREASURER	2.00	Director	$1,800	$0	$1,800
TIM MEDLEY	DIRECTOR	0.25	Director	$630	$0	$630
ROBERT ROBBINS	DIRECTOR	0.25	Director	$630	$0	$630
JACK MIZE	DIRECTOR	0.25	Director	$530	$0	$530

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	$768,544	$623,922	$1,728,337	$144,622
2024	$459,197	$412,563	$1,573,446	$46,634
2023	$454,296	$493,394	$1,573,063	$-39,098
2022	$395,846	$395,713	$1,627,197	$133
2021	$355,118	$350,594	$1,213,411	$4,524
2020	$405,015	$339,450	$1,235,788	$65,565
2019	$337,008	$351,577	$1,171,283	$-14,569
2018	$339,318	$338,576	$1,186,839	$742

PAXTON WATER CORPORATION