Kempner Water Supply Corporation (EIN 741877790) - 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

1973

Legal Domicile

Phone

5129323701

Tax Period

2023-10-01 to 2024-09-30

Kempner Water Supply Corporation, founded in 1973, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2023. Expenses of $10.0M left a modest 11% surplus.

Mission

Provide water utilities to its members.

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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 $0

Program Service Revenue $10,656,889

Investment Income $593,702

Other Revenue $21,397

TOTAL REVENUE $11,271,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,637,635

Fundraising Expenses $0

Program Expenses $8,641,718

Other Expenses $8,396,031

TOTAL EXPENSES $10,033,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,271,988	$11,161,244	+0.0%
Expenses	$10,033,666	$9,109,890	+0.1%
Net Income	$1,238,322	$2,051,354	-0.4%

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

$103,753

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bruce Sorenson	General Manager	40.00	Officer	$103,753	$0	$103,753
John Daugherty	Director	2.00	Director	$0	$0	$0
Paul Williams	Director	2.00	Director	$0	$0	$0
Kenneth Spoon	Director	2.00	Director	$0	$0	$0
Daniel Christy	Treasurer	2.00	Director	$0	$0	$0
Kara Bathurst	Director	2.00	Director	$0	$0	$0
Stella Clements	Director	2.00	Director	$0	$0	$0
Samuel Kier	Vice President	2.00	Director	$0	$0	$0
Brandon Butts	Director	2.00	Director	$0	$0	$0
Billy Malady	President	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	$11,271,988	$10,033,666	$47,846,897	$1,238,322
2023	$11,161,244	$9,109,890	$47,819,178	$2,051,354
2022	$10,456,487	$8,522,992	$46,955,642	$1,933,495
2021	$9,208,271	$7,702,796	$43,380,610	$1,505,475
2020	$8,604,527	$7,371,236	$40,822,501	$1,233,291
2019	$7,611,060	$8,256,964	$39,870,788	$-645,904

Kempner Water Supply Corporation