MINERAL SPRINGS WATER SYSTEM INC (EIN 721014371) - 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

1972

Legal Domicile

Principal Officer

DONALD NORMAN

Phone

3182516996

Tax Period

2025-01-01 to 2025-12-31

MINERAL SPRINGS WATER SYSTEM INC, founded in 1972, is a small nonprofit in the Public & Societal Benefit sector that reported $187K in total revenue in fiscal year 2025. Net assets of $604K represent 39 months of operating reserves.

Mission

MINERAL SPRINGS WATER SYSTEM INC. WAS ORGANIZED TO OPERATE A WATER SYSTEM TO PROVIDE POTABLE WATER TO THE RESIDENTS OF THE MINERAL SPRINGS COMMUNITY, LOCATED IN LINCOLN PARISH, LOUISIANA. THE SYSTEM CURRENTLY PROVIDES WATER TO APPROXIMATELY 320 HOUSEHOLDS IN THE COMMUNITY.

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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 $184,599

Investment Income $1,138

Other Revenue $1,199

TOTAL REVENUE $186,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,741

Fundraising Expenses $0

Other Expenses $119,565

TOTAL EXPENSES $195,306

Year-over-Year Comparison

	2025	2024	Change
Revenue	$186,936	$188,165	0.0%
Expenses	$195,306	$189,588	+0.0%
Net Income	$-8,370	$-1,423	+4.9%

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

$1,262

Total Directors

$1,262

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
TONY BILLBERRY	Vice President	Officer Director	$1,262	$0	$1,262
DYLAN CHANDLER	BOARD MEMBER	Director	$0	$0	$0
RODNEY HOWARD	Secretary	Officer Director	$0	$0	$0
BEVON MARTIN	BOARD MEMBER	Director	$0	$0	$0
DONALD NORMAN	President	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	$186,936	$195,306	$1,027,289	$-8,370
2024	$188,165	$189,588	$1,047,125	$-1,423
2023	$176,957	$163,909	$1,078,792	$13,048
2022	$132,840	$164,054	$1,069,791	$-31,214
2021	$134,893	$145,163	$1,114,562	$-10,270
2020	$119,722	$186,943	$1,132,888	$-67,221

MINERAL SPRINGS WATER SYSTEM INC