Texans for Clean Water Inc (EIN 463895729) - 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

2013

Legal Domicile

Principal Officer

C M Garver

Phone

7135223092

Tax Period

2023-01-01 to 2023-12-31

Texans for Clean Water Inc, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $382K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum.

Mission

Our mission is for reduction and prevention of floatable trash from entering our waterways.

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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 $381,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $381,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,222

Fundraising Expenses $0

Program Expenses $376,116

Other Expenses $327,715

TOTAL EXPENSES $378,937

Year-over-Year Comparison

	2023	2022	Change
Revenue	$381,500	$270,000	+0.4%
Expenses	$378,937	$312,793	+0.2%
Net Income	$2,563	$-42,793	-1.1%

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

$47,524

Total Directors

$47,524

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maia Corbitt	President and Director	10.00	Officer Director	$47,524	$0	$47,524
Charles Carlberg	Director	1.00	Director	$0	$0	$0
Harry Kirk	Director	1.00	Director	$0	$0	$0
C M Garver	CEO and Director	2.00	Officer Director	$0	$0	$0
Garrett Boone	Director	1.00	Director	$0	$0	$0
Gretchen Hilyard	Director	1.00	Director	$0	$0	$0
Marcy Morelli	Secretary	2.00	Officer	$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	$381,500	$378,937	$10,370	$2,563
2022	$270,000	$312,793	$7,581	$-42,793
2021	$490,346	$481,588	$50,575	$8,758
2020	$408,510	$373,160	$41,616	$35,350

Texans for Clean Water Inc