Aqua Water Supply Corporation

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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

1969

Phone

5123033943

Tax Period

2024-01-01 to 2024-12-31

Aqua Water Supply Corporation, founded in 1969, is a mid-sized nonprofit that reported $54.0M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22.3M, a strong 41% operating margin.

Mission

To develop and operate a water distribution system for its members.

Program Service Accomplishments

Program 1

Expenses: $25,377,859 Revenue: $54,469,830

The company is organized to develop and operate a water distribution system for its members in the area near and around Bastrop, 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 $54,469,830

Investment Income $-239,534

Other Revenue $-255,995

TOTAL REVENUE $53,974,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,342,327

Fundraising Expenses $0

Program Expenses $25,377,859

Other Expenses $22,379,998

TOTAL EXPENSES $31,722,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,974,301	$40,301,630	+0.3%
Expenses	$31,722,325	$32,079,299	0.0%
Net Income	$22,251,976	$8,222,331	+1.7%

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

122

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

$15,500

Total Directors

$42,500

Key Employees

$439,902

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Glass	President	1	Officer Director	$5,250	$0	$5,250
Earl W Steinbach	Vice President	1	Officer Director	$5,000	$0	$5,000
William Tomsu	Secretary/Treasurer	1	Officer Director	$5,250	$0	$5,250
Craig Williams	Board Member	1	Director	$4,750	$0	$4,750
Linda Garcia	Board Member	1	Director	$5,000	$0	$5,000
Mark McArthur	Board Member	1	Director	$4,750	$0	$4,750
Pam Harkins	Board Member	1	Director	$4,500	$0	$4,500
Howard McCall	Board Member	1	Director	$4,750	$0	$4,750
Barry Barker	Board Member	1	Director	$3,250	$0	$3,250
Dacy Cameron	General Manager	40	Key Emp	$220,831	$35,688	$256,519
Christie Nutt	Controller	40	Key Emp	$166,257	$17,126	$183,383
Frank Pacheco	Operations Manager	40	Highest	$148,475	$23,105	$171,580
Jason Kennedy	IT/GIS Manager	40	Highest	$141,179	$14,451	$155,630
Emily Poston	Manager of Engineering	40	Highest	$142,469	$30,757	$173,226
Cody Boatright	Water Resources Manager	40	Highest	$137,561	$35,493	$173,054
Gilbert Del Toro	Lead Equipment Operator	40	Highest	$115,418	$33,967	$149,385

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	No data	No data	No data	No data
2024	$53,974,301	$31,722,325	$296,077,037	$22,251,976
2023	$40,301,630	$32,079,299	$259,136,737	$8,222,331
2022	$121,784,586	$23,226,396	$240,970,280	$98,558,190
2021	$28,670,097	$19,039,341	$136,381,619	$9,630,756
2020	$25,938,310	$17,456,859	$127,348,257	$8,481,451
2019	$25,596,656	$17,274,570	$118,822,352	$8,322,086
2018	$23,387,715	$16,577,750	$112,465,372	$6,809,965