GHOLSON WATER SUPPLY CORPORATION (EIN 741599312) - 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

1996

Legal Domicile

Principal Officer

BURL SHELTON

Phone

2548292907

Tax Period

2024-01-01 to 2024-12-31

GHOLSON WATER SUPPLY CORPORATION, founded in 1996, is a small nonprofit that reported $968K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE A SAFE POTABLE DRINKING WATER SERVICE TO RURAL RESIDENTS OF MCLENNAN AND HILL COUNTY, 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $936,462

Investment Income $17,448

Other Revenue $13,920

TOTAL REVENUE $967,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,733

Fundraising Expenses $0

Program Expenses $978,404

Other Expenses $1,022,089

TOTAL EXPENSES $1,138,822

Year-over-Year Comparison

	2024	2023	Change
Revenue	$967,830	$960,956	+0.0%
Expenses	$1,138,822	$948,557	+0.2%
Net Income	$-170,992	$12,399	-14.8%

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

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

$65,172

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMUEL CLAYTON	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE KILGO	DIRCTOR	1.00	Director	$0	$0	$0
JAMIE ADAMSON RAGER	MANAGER	40.00	Officer	$65,172	$0	$65,172
BURL SHELTON	PRESIDENT	20.00	Officer	$0	$0	$0
TOM BUZBEE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
DANNIS RUSSELL	SECRETARY/TREASURER	3.00	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	$967,830	$1,138,822	$2,904,249	$-170,992
2023	$960,956	$948,557	$3,104,944	$12,399
2022	$971,486	$868,633	$3,086,786	$102,853
2021	$858,368	$566,071	$2,974,221	$292,297
2020	$709,308	$539,503	$2,713,248	$169,805
2019	$736,831	$519,112	$2,560,669	$217,719
2018	$758,482	$531,038	$2,369,916	$227,444

GHOLSON WATER SUPPLY CORPORATION