RICARDO WATER SUPPLY CORPORATION (EIN 741590763) - 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

1964

Legal Domicile

Principal Officer

John Marez

Phone

3615923952

Tax Period

2021-01-01 to 2021-12-31

RICARDO WATER SUPPLY CORPORATION, founded in 1964, is a small nonprofit that reported $941K in total revenue in fiscal year 2021. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

Ricardo Water Supply Corporation is a member owned, non-profit water supply corporation that services the community of Ricardo located in Kleberg County.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $940,239

Investment Income $339

Other Revenue $0

TOTAL REVENUE $940,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,041,967

Other Expenses $1,041,967

TOTAL EXPENSES $1,041,967

Year-over-Year Comparison

	2021	2020	Change
Revenue	$940,578	$1,209,996	-0.2%
Expenses	$1,041,967	$981,139	+0.1%
Net Income	$-101,389	$228,857	-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

N/A

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	Role	Reportable Comp	Other Comp	Total
Baldemar Garcia	President	Officer Director	$0	$0	$0
Robert Zavala	Vice-President	Officer Director	$0	$0	$0
Oliver Hinojosa	Secretary Treasurer	Officer Director	$0	$0	$0
Robert Garza	Director	Director	$0	$0	$0
James Fischer	Director	Director	$0	$0	$0
Frank Escobedo	Director	Director	$0	$0	$0
Timothy Robertson	Director	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
2021	$940,578	$1,041,967	$5,743,145	$-101,389

RICARDO WATER SUPPLY CORPORATION