Marathon Water Supply & Sewer Service Corporation (EIN 741681385) - 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

1966

Legal Domicile

Principal Officer

Mike Johnson

Phone

4323864229

Tax Period

2023-01-01 to 2023-12-31

Marathon Water Supply & Sewer Service Corporation, founded in 1966, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $453K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $525K exceeded revenue, resulting in a 16% operating deficit.

Mission

To furnish water and sewage service for general farm use and domestic purpose to individuals residing in the community of Marathon, Texas and the surrounding 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 (2023)

Revenue Breakdown

Contributions & Grants $30,000

Program Service Revenue $419,752

Investment Income $2,374

Other Revenue $1,200

TOTAL REVENUE $453,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $299,861

Fundraising Expenses $0

Program Expenses $414,420

Other Expenses $225,289

TOTAL EXPENSES $525,150

Year-over-Year Comparison

	2023	2022	Change
Revenue	$453,326	$407,307	+0.1%
Expenses	$525,150	$551,665	0.0%
Net Income	$-71,824	$-144,358	-0.5%

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

$71,893

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim Roberts	GENERAL MANAGER	40.00	Officer	$48,642	$23,251	$71,893
Mike Johnson	President	2.00	Officer Director	$0	$0	$0
Ernesto Aguilar	Vice President	2.00	Officer Director	$0	$0	$0
Ruben Ortega	Secretary	2.00	Officer Director	$0	$0	$0
Red Wagner	Director	2.00	Director	$0	$0	$0
Elizabeth Lewis	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
2024	No data	No data	No data	No data
2023	$453,326	$525,150	$3,043,422	$-71,824
2022	$407,307	$551,665	$3,131,976	$-144,358
2021	$377,374	$498,695	$3,265,858	$-121,321
2020	$620,933	$406,395	$3,390,760	$214,538
2019	$1,964,493	$428,446	$3,288,538	$1,536,047
2018	$640,052	$406,205	$1,926,860	$233,847

Marathon Water Supply & Sewer Service Corporation