KNOX COUNTY RURAL WATER SUPPLY CORPORATION (EIN 453826025) - 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

2011

Legal Domicile

Principal Officer

DAVID ALBUS

Phone

9402562060

Tax Period

2019-01-01 to 2019-09-30

KNOX COUNTY RURAL WATER SUPPLY CORPORATION, founded in 2011, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2019. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 97% operating margin.

Mission

FURNISHING A WATER SUPPLY, SEWER SERVICE, OR BOTH, FOR A MUNICIPALITY, A PRIVATE CORPORATION, OR AN INDVIDUAL RESIDING IN THE RURAL COMMUNITY OF KNOX CITY, TEXAS, AND THE SURROUNDING RURAL AREAS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $1,322,403

Program Service Revenue $0

Investment Income $0

Other Revenue $25,100

TOTAL REVENUE $1,347,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,250

Fundraising Expenses $0

Other Expenses $36,880

TOTAL EXPENSES $39,130

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,347,503	$836,214	+0.6%
Expenses	$39,130	$19,238	+1.0%
Net Income	$1,308,373	$816,976	+0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ALBUS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL GODSEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHNNY MCCOWN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
NANCY DANIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY BREEDLOVE	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY HUNTER	BOARD MEMBER	1.00	Director	$0	$0	$0
DANNY WAINSCOTT	BOARD MEMBER	1.00	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
2019	$1,347,503	$39,130	No data	$1,308,373
2018	$836,214	$19,238	$2,150,228	$816,976

KNOX COUNTY RURAL WATER SUPPLY CORPORATION