BLUEBONNET WATER SUPPLY CORPORATION (EIN 741933062) - 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

1977

Legal Domicile

Principal Officer

KEVIN EVANS

Phone

2549862949

Tax Period

2024-10-01 to 2025-09-30

BLUEBONNET WATER SUPPLY CORPORATION, founded in 1977, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Expenses of $3.9M left a modest 3% surplus.

Mission

TO PROVIDE TREATED FRESH WATER TO 8 WHOLESALE MEMBERS. (4 CITIES AND 4 RURAL WATER SUPPLY CORPORATIONS)

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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 $3,915,660

Investment Income $155,044

Other Revenue $0

TOTAL REVENUE $4,070,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $762,944

Fundraising Expenses $0

Other Expenses $3,167,141

TOTAL EXPENSES $3,930,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,070,704	$3,982,521	+0.0%
Expenses	$3,930,085	$3,976,805	0.0%
Net Income	$140,619	$5,716	+23.6%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE BLOODWORTH	DIRECTOR	1.00	Director	$0	$0	$0
MITCH DAVISON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KEVIN EVANS	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEITH FISHER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LEIGH	SECRETARY	1.00	Officer Director	$0	$0	$0
THOMAS MAYFIELD	DIRECTOR	1.00	Director	$0	$0	$0
DAVE MORRISON	DIRECTOR	1.00	Director	$0	$0	$0
GENE SPROUSE	DIRECTOR	1.00	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
2025	$4,070,704	$3,930,085	$19,940,636	$140,619
2024	$3,982,521	$3,976,805	$20,673,332	$5,716
2023	$4,210,440	$3,885,631	$21,477,995	$324,809
2022	$3,380,730	$3,611,513	$21,756,577	$-230,783
2021	$3,131,329	$3,353,614	$22,657,568	$-222,285
2020	$3,274,051	$3,210,178	$23,544,450	$63,873
2019	$3,252,116	$3,241,331	$24,092,596	$10,785
2018	$3,406,776	$3,040,160	$24,704,022	$366,616

BLUEBONNET WATER SUPPLY CORPORATION