MAXWELL WATER SUPPLY CORPORATION (EIN 741611720) - 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

1970

Legal Domicile

Principal Officer

ROBERT KARASCH

Phone

5123576253

Tax Period

2020-01-01 to 2020-12-31

MAXWELL WATER SUPPLY CORPORATION, founded in 1970, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2020. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 14% surplus.

Mission

TO PROVIDE HIGH QUALITY DRINKING WATER TO RURAL LOCATIONS IN 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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,430,454

Investment Income $3,675

Other Revenue $2,074

TOTAL REVENUE $1,436,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,985

Fundraising Expenses $0

Other Expenses $1,024,799

TOTAL EXPENSES $1,228,784

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,436,203	$2,650,368	-0.5%
Expenses	$1,228,784	$2,338,367	-0.5%
Net Income	$207,419	$312,001	-0.3%

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

$34,158

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN IVICIC	GENERAL MANA	40.00	Officer	$34,158	$0	$34,158
LIRALEN CANION	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH DESHAY	BOARD MEMBER	1.00	Director	$0	$0	$0
NADINE HODGES	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
VALENTIN YANEZ JR	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT KARASCH	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROL PETERS	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG SPILLMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
DORIS STEUBING	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MABEL VAUGHN	BOARD MEMBER	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
2020	$1,436,203	$1,228,784	No data	$207,419
2019	$2,650,368	$2,338,367	$7,291,073	$312,001
2018	$2,138,530	$2,045,599	$7,073,435	$92,931

MAXWELL WATER SUPPLY CORPORATION