NORTH ALAMO WATER SUPPLY CORPORATION (EIN 741595319) - 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

1966

Legal Domicile

Principal Officer

STEVE KRENEK

Phone

9563831618

Tax Period

2023-01-01 to 2023-12-31

NORTH ALAMO WATER SUPPLY CORPORATION, founded in 1966, is a mid-sized nonprofit that reported $45.8M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.3M, a strong 31% operating margin.

Mission

TO PROVIDE POTABLE WATER AND WASTEWATER UTILITIES TO RURAL RESIDENTS IN THE RIO GRANDE VALLEY OF TEXAS.

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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 $976,985

Program Service Revenue $29,803,535

Investment Income $1,223,720

Other Revenue $13,840,198

TOTAL REVENUE $45,844,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,636,642

Fundraising Expenses $0

Program Expenses $26,014,005

Other Expenses $22,893,062

TOTAL EXPENSES $31,529,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,844,438	$37,324,345	+0.2%
Expenses	$31,529,704	$27,607,435	+0.1%
Net Income	$14,314,734	$9,716,910	+0.5%

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

172

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

$217,319

Total Directors

$38,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE D KRENEK	PRESIDENT	1.00	Director	$4,700	$0	$4,700
THOMAS JENDRUSCH	VICE-PRESIDENT	1.00	Director	$4,600	$0	$4,600
DERRICK R SWANBERG	SECRETARY/TREASURER	1.00	Director	$5,100	$0	$5,100
ABDIEL CUEVAS	DIRECTOR	1.00	Director	$3,800	$0	$3,800
SAMUEL RUIZ	DIRECTOR	1.00	Director	$4,400	$0	$4,400
MARTIN DREWRY	DIRECTOR	1.00	Director	$5,400	$0	$5,400
MICHAEL L ENGLAND	DIRECTOR	1.00	Director	$2,800	$0	$2,800
MANUEL B GARCIA	DIRECTOR	1.00	Director	$2,500	$0	$2,500
ANNA FLORES	DIRECTOR	1.00	Director	$4,900	$0	$4,900
STEVEN SANCHEZ	GENERAL MANAGER	40.00	Officer	$203,575	$13,744	$217,319
SAN JUANITA SANDOVAL	CONTROLLER	40.00	Highest	$137,430	$12,034	$149,464
ROBERTO RODRIGUEZ	ASSISTANT GENERAL MANAGER	40.00	Highest	$135,746	$9,612	$145,358
ROBYN RODRIGUEZ	DIRECTOR OF HUMAN RESOURCE	40.00	Highest	$119,078	$20,378	$139,456

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	No data	No data	No data	No data
2023	$45,844,438	$31,529,704	$272,312,946	$14,314,734
2022	$37,324,345	$27,607,435	$228,183,392	$9,716,910
2021	$30,888,797	$24,916,355	$215,406,665	$5,972,442
2020	$34,520,238	$24,276,698	$203,012,309	$10,243,540
2019	$31,888,942	$22,227,050	$189,398,775	$9,661,892
2018	$29,016,269	$21,079,027	$164,817,245	$7,937,242

NORTH ALAMO WATER SUPPLY CORPORATION