439 WATER SUPPLY CORPORATION (EIN 741651573) - 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

1967

Legal Domicile

Principal Officer

MIKE BEEVERS

Phone

2549332133

Tax Period

2024-10-01 to 2025-09-30

439 WATER SUPPLY CORPORATION, founded in 1967, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

FURNISH WATER SUPPLY TO INDIVIDUALS RESIDING IN THE RURAL COMMUNITY OF FM ROAD 439

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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 $3,154,200

Investment Income $34,708

Other Revenue $34,199

TOTAL REVENUE $3,223,107

Expense Breakdown

Grants Paid $0

Salaries & Benefits $517,850

Fundraising Expenses $0

Other Expenses $2,738,335

TOTAL EXPENSES $3,256,185

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,223,107	$2,944,317	+0.1%
Expenses	$3,256,185	$2,830,817	+0.2%
Net Income	$-33,078	$113,500	-1.3%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLEN GRANDY	PRESIDENT	2.00	Officer Director	$0	$0	$0
DANNY DANIEL	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
JASON BRUMBALOW	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
MIKE BEEVERS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN MARCHBANKS	DIRECTOR	2.00	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	$3,223,107	$3,256,185	$7,125,240	$-33,078
2024	$2,944,317	$2,830,817	$7,230,785	$113,500
2023	$2,542,076	$2,611,596	$7,324,444	$-69,520
2022	$2,820,508	$2,519,356	$7,558,894	$301,152
2021	$2,446,629	$2,317,109	$7,285,592	$129,520
2020	$2,375,685	$2,230,792	$7,240,478	$144,893
2019	$2,016,818	$1,965,617	$7,190,143	$51,201
2018	$2,160,048	$2,040,932	$7,195,406	$119,116

439 WATER SUPPLY CORPORATION