GOLIAD COUNTY WATER SUPPLY CORPORA… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

BRANDON HUBER

Phone

3616453454

Tax Period

2023-07-01 to 2024-06-30

GOLIAD COUNTY WATER SUPPLY CORPORATION, founded in 2001, is a small nonprofit in the Mutual Benefit sector that reported $164K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $243K exceeded revenue, resulting in a 48% operating deficit.

Mission

PROVIDES WATER SERVICES TO ECONOMICALLY DISTRESSED COMMUNITIES IN GOLIAD COUNTY.

Program Service Accomplishments

Program 1

EXPENDITURES INCURRED TO IMPROVE THE QUALITY OF WATER AND WATER SERVICES TO ECONOMICALLY DISTRESSED COMMUNITIES IN GOLIAD COUNTY. MAJORITY OF EXPENDITURES ARE OPERATING AND MAINTENANCE SERVICES.

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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 $162,236

Investment Income $1,679

Other Revenue $0

TOTAL REVENUE $163,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $243,274

TOTAL EXPENSES $243,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$163,915	$424,365	-0.6%
Expenses	$243,274	$236,223	+0.0%
Net Income	$-79,359	$188,142	-1.4%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON HUBER	PRESIDENT	N/A	Officer Director	$0	$0	$0
DERRICK O'NEAL	SECRETARY/ T	N/A	Officer Director	$0	$0	$0
BLAINE SULLINS	VICE PRESIDE	N/A	Officer 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
2025	No data	No data	No data	No data
2024	$163,915	$243,274	$1,927,242	$-79,359
2023	$424,365	$236,223	$2,042,641	$188,142
2022	$157,047	$224,055	$2,125,449	$-67,008
2021	$185,724	$258,169	$2,217,564	$-72,445

GOLIAD COUNTY WATER SUPPLY CORPORATION