BAFFIN BAY WATER SUPPLY CORPORATION (EIN 742077335) - 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

1980

Legal Domicile

Principal Officer

DESIDERIO PEREZ

Phone

3612975253

Tax Period

2024-01-01 to 2024-12-31

BAFFIN BAY WATER SUPPLY CORPORATION, founded in 1980, is a small nonprofit that reported $438K in total revenue in fiscal year 2024. Net assets of $1.6M represent 44 months of operating reserves.

Mission

TO PROVIDE AND MAINTAIN WATER UTILITIES TO MEMBERS IN RUAL SOUTH TEXAS COMMUNITY

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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 $500

Program Service Revenue $403,972

Investment Income $33,240

Other Revenue $0

TOTAL REVENUE $437,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,037

Fundraising Expenses $0

Other Expenses $372,707

TOTAL EXPENSES $442,744

Year-over-Year Comparison

	2024	2023	Change
Revenue	$437,712	$458,965	0.0%
Expenses	$442,744	$392,520	+0.1%
Net Income	$-5,032	$66,445	-1.1%

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
GLYNN MERRITT	PRESIDENT	5.00	Director	$0	$0	$0
TIM ROBERTSON	SECRETARY/TREAS	1.00	Director	$0	$0	$0
MARY BEST	VICE-PRESIDENT	1.00	Director	$0	$0	$0
MILES CUMBERLAND	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN HUBERT	DIRECTOR	1.00	Director	$0	$0	$0
DELORA B UNTERBRINK	ASST. MANAGER	20.00	Key Emp	$0	$0	$0
RONALD HARRIS	GENERAL MANAGER	40.00	Key Emp	$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	$437,712	$442,744	$2,402,538	$-5,032
2023	$458,965	$392,520	$2,427,548	$66,445
2022	$416,037	$400,238	$2,374,433	$15,799
2021	$368,891	$308,063	$2,378,354	$60,828
2020	$377,613	$297,438	$2,323,848	$80,175
2019	$363,934	$313,427	$2,296,564	$50,507
2018	$324,445	$313,322	$2,275,476	$11,123

BAFFIN BAY WATER SUPPLY CORPORATION