KINGSLAND 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

1970

Principal Officer

DANNY STONE

Phone

3253886611

Tax Period

2024-10-01 to 2025-09-30

KINGSLAND WATER SUPPLY CORPORATION, founded in 1970, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. Net assets of $10.0M represent 28 months of operating reserves.

Mission

KINGSLAND WATER SUPPLY CORPORATION MISSION IS TO PROVIDE POTABLE WATER TO ITS MEMBERS IN THE KINGSLAND, TEXAS AREA.

Program Service Accomplishments

Program 1

Expenses: $3,356,616 Revenue: $4,271,280

KINGSLAND WATER SUPPLY CORP. COLLECTS AND TREATS RAW WATER AND THEN SELLS AND DISTRIBUTES POTABLE WATER TO APPROXIMATELY 3,700 CUSTOMERS IN THE KINGSLAND, TEXAS AREA.

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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 $4,271,280

Investment Income $48,592

Other Revenue $0

TOTAL REVENUE $4,319,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,102,581

Fundraising Expenses $0

Program Expenses $3,356,616

Other Expenses $3,327,679

TOTAL EXPENSES $4,430,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,319,872	$4,158,535	+0.0%
Expenses	$4,430,260	$4,227,481	+0.0%
Net Income	$-110,388	$-68,946	+0.6%

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

$154,900

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD LEINFELDER	GENERAL MANA	40.00	Key Emp	$154,900	$0	$154,900
JOE ERNST	DIRECTOR,	1.00	Director	$0	$0	$0
WILL GILLIAM	DIRECTOR,	5.00	Officer Director	$0	$0	$0
TAMMY MANNING	DIRECTOR,	5.00	Officer Director	$0	$0	$0
TIM PIKE	DIRECTOR,	1.00	Director	$0	$0	$0
DANNY STONE	DIRECTOR, PR	5.00	Officer 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	$4,319,872	$4,430,260	$12,150,420	$-110,388
2024	$4,158,535	$4,227,481	$11,696,136	$-68,946
2023	$4,891,072	$3,680,383	$11,610,505	$1,210,689
2022	$3,461,664	$3,450,049	$10,415,706	$11,615
2021	$2,922,481	$3,250,105	$10,265,379	$-327,624
2020	$2,830,119	$2,920,644	$10,433,827	$-90,525
2019	$2,450,118	$2,822,565	$10,360,756	$-372,447
2018	$2,491,004	$2,653,072	$10,756,874	$-162,068