HICO WATER SYSTEM (EIN 720989011) - 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

1973

Legal Domicile

Phone

3187773505

Tax Period

2024-01-01 to 2024-12-31

HICO WATER SYSTEM, founded in 1973, is a small nonprofit that reported $247K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $40K, a strong 16% operating margin.

Mission

PRODUCTION, DISTRIBUTION AND SALE OF WATER

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $246,828

Investment Income $312

Other Revenue $0

TOTAL REVENUE $247,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,400

Fundraising Expenses $0

Other Expenses $193,232

TOTAL EXPENSES $207,632

Year-over-Year Comparison

	2024	2023	Change
Revenue	$247,140	$209,486	+0.2%
Expenses	$207,632	$206,641	+0.0%
Net Income	$39,508	$2,845	+12.9%

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

$14,400

Total Directors

$14,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICKY KEY	SEC/TREAS	2.00	Officer Director	$14,400	$0	$14,400
RUSSELL COLVIN	President	0.00	Officer	$0	$0	$0
GRADY BAGWELL	BOARD MEMBER	1.00	Officer	$0	$0	$0
RANDY DEASON	BOARD MEMBER	0.00	Officer	$0	$0	$0
RONNIE DYES	BOARD MEMBER	0.00	Officer	$0	$0	$0
GLENDA KNOWLES	BOARD MEMBER	0.00	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	$247,140	$207,632	$1,905,804	$39,508
2023	$209,486	$206,641	$1,882,031	$2,845
2022	$221,473	$246,404	$1,897,895	$-24,931
2021	$203,678	$189,612	$1,938,639	$14,066
2020	$223,380	$200,351	$1,942,679	$23,029
2019	$216,059	$215,277	$1,937,150	$782
2018	$234,707	$217,226	$1,954,136	$17,481

HICO WATER SYSTEM