SALADO WATER SUPPLY CORPORATION (EIN 741908181) - 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

1971

Legal Domicile

Principal Officer

MICHELLE LENIS

Phone

2549475425

Tax Period

2024-10-01 to 2025-09-30

SALADO WATER SUPPLY CORPORATION, founded in 1971, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $821K, a strong 18% operating margin.

Mission

PROVIDE TREATED SERVICE WATER TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,333,690

Investment Income $149,974

Other Revenue $55,802

TOTAL REVENUE $4,539,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,038,104

Fundraising Expenses $0

Program Expenses $3,466,717

Other Expenses $2,680,163

TOTAL EXPENSES $3,718,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,539,466	$3,798,881	+0.2%
Expenses	$3,718,267	$3,584,241	+0.0%
Net Income	$821,199	$214,640	+2.8%

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

$219,952

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN PRESTON	OPER MANAGER	40.00	Key Emp	$219,952	$0	$219,952
BOB BRADLEY	DIRECTOR	1.00	Director	$0	$0	$0
BECKY BUTSCHER	DIRECTOR	1.00	Director	$0	$0	$0
BILL HEATH	DIRECTOR	1.00	Director	$0	$0	$0
SCOT HRBACEK	DIRECTOR	1.00	Director	$0	$0	$0
LEN MEWHINNEY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ERVIN	SECRETARY	1.00	Officer	$0	$0	$0
LAWSON GRANT	VICE PRESIDE	1.00	Officer	$0	$0	$0
MICHELLE LENIS	TREASURER	1.00	Officer	$0	$0	$0
FLETCHER RHODES	PRESIDENT	1.00	Officer	$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	$4,539,466	$3,718,267	$23,683,592	$821,199
2024	$3,798,881	$3,584,241	$21,833,712	$214,640
2023	$3,624,563	$3,179,361	$19,876,952	$445,202
2022	$3,307,195	$2,632,239	$17,968,991	$674,956
2021	$2,711,764	$2,350,359	$12,176,382	$361,405
2020	$2,367,499	$2,162,839	$10,987,089	$204,660
2019	$1,951,568	$1,945,004	$10,294,089	$6,564
2018	$2,036,792	$1,814,774	$9,567,061	$222,018

SALADO WATER SUPPLY CORPORATION