MARTINDALE WATER SUPPLY CORPORATION

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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

1964

Legal Domicile

Principal Officer

STEVEN FONVILLE

Phone

5123576951

Tax Period

2024-01-01 to 2024-12-31

MARTINDALE WATER SUPPLY CORPORATION, founded in 1964, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $566K, a strong 28% operating margin.

Mission

TO FURNISH WATER FOR GENRAL USE AND DOMESTIC PURPOSE TO INDIVIDUALS RESIDING IN THE COMMUNITY OF MARTINDALE, TEXAS AND SURROUNDING AREAS

Program Service Accomplishments

Program 1

PROGRAM SERVICES INCLUDE WATER SALES FOR THE PURPOSE OF PROVIDING WATER FOR GENERAL USE AND DOMESTIC PURPOSE TO INDIVIDUALS RESIDING IN THE COMMUNITY OF MARTINDALE, TEXAS AND SURROUNDING 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,985,635

Investment Income $18,986

Other Revenue $4,424

TOTAL REVENUE $2,009,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,006

Fundraising Expenses $0

Other Expenses $1,124,913

TOTAL EXPENSES $1,442,919

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,009,045	$1,513,963	+0.3%
Expenses	$1,442,919	$1,351,470	+0.1%
Net Income	$566,126	$162,493	+2.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG SCHEID	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOY JUNGERS	TREASURER	4.00	Officer Director	$0	$0	$0
RAE JOSEY BOSTWICK	MEMBER-RESIGNED 5/24	1.00	Officer Director	$0	$0	$0
KATHY IVES	MEMBER	0.00	Director	$0	$0	$0
WALTER VILLANUEVA	MEMBER	0.00	Director	$0	$0	$0
FRED VILLANUEVA	MEMBER	0.00	Director	$0	$0	$0
JAMES FORSSELL	VICE PRESIDENT	0.00	Director	$0	$0	$0
NICK STYLER	MEMBER-APPOINTED 5/24	0.00	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
2024	$2,009,045	$1,442,919	$6,016,104	$566,126
2023	$1,513,963	$1,351,470	$5,370,056	$162,493
2022	$1,210,657	$1,266,168	$5,299,412	$-55,511
2021	$1,086,707	$1,033,415	$5,432,624	$53,292
2020	$1,011,626	$969,992	$5,398,259	$41,634
2019	$1,304,726	$1,000,303	$5,445,622	$304,423
2018	$957,916	$1,012,545	$5,848,088	$-54,629