SPRING VALLEY WATER SUPPLY

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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

LARRY HOBBS

Phone

2543005757

Tax Period

2025-01-01 to 2025-12-31

SPRING VALLEY WATER SUPPLY, founded in 1964, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2025. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $908K, a strong 50% operating margin.

Mission

PROVISION OF WATER SERVICE TO RURAL CUSTOMERS NEAR LORENA, TX

Program Service Accomplishments

Program 1

Expenses: $922,591 Revenue: $1,096,560

DELIVERY OF WATER SERVICE TO RURAL RESIDENCES AND BUSINESS CUSTOMERS NEAR LORENA, TX. THE ORGANIZATION SERVICES APPROXIMATELY 912 CONNECTIONS AND PROVIDES AN AVERAGE OF 9,332,500 GALLONS OF MONTHLY WATER USAGE FOR AN ANNUAL TOTAL OF 111,990,000 GALLONS. THE SYSTEM OPERATES UNDER THE OVERSIGHT OF THE TEXAS COMMISSION ON ENVIRONMENTAL QUALITY, MEETING AND EXCEEDING REQUIRED STANDARDS FOR WATER QUALITY.

Program 2

Expenses: $3,050

THE ORGANIZATION AWARDED THREE SCHOLARSHIPS TOTALING $3,050 DURING 2025 TO STUDENTS WHOSE PARENT/GUARDIAN IS A MEMBER OF THE SPRING VALLEY WATER SUPPLY CORPORATION.

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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 $665,825

Program Service Revenue $1,096,560

Investment Income $70,684

Other Revenue $340

TOTAL REVENUE $1,833,409

Expense Breakdown

Grants Paid $3,050

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $925,641

Other Expenses $922,591

TOTAL EXPENSES $925,641

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,833,409	$1,134,236	+0.6%
Expenses	$925,641	$974,273	0.0%
Net Income	$907,768	$159,963	+4.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY HOBBS	PRESIDENT	5.00	Officer Director	$0	$0	$0
ZANDY GOODE	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
BERT HERNANDEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
DARRELL BLEDSOE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MORRISON	DIRECTOR	1.00	Director	$0	$0	$0
GERALD THEUT	DIRECTOR	1.00	Director	$0	$0	$0
KYLE GRIGSBY	DIRECTOR	1.00	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
2025	$1,833,409	$925,641	$6,091,230	$907,768
2024	No data	No data	No data	No data
2023	$1,332,788	$791,893	$5,167,061	$540,895
2022	$1,040,955	$836,824	$5,488,603	$204,131
2021	$1,013,086	$707,226	$4,634,507	$305,860
2020	$877,221	$659,253	$2,841,946	$217,968
2019	$844,591	$683,648	$2,620,590	$160,943
2018	$964,427	$618,014	$2,502,540	$346,413