MUSTANG VALLEY WATER SUPPLY CORP

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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

1975

Legal Domicile

Principal Officer

MIKE UPTON

Phone

2545972445

Tax Period

2023-01-01 to 2023-12-31

MUSTANG VALLEY WATER SUPPLY CORP, founded in 1975, is a small nonprofit that reported $862K in total revenue in fiscal year 2023. Expenses of $831K left a modest 4% surplus.

Mission

CERTIFIED REGIONAL WATER SYSTEM IN RURAL BOSQUE COUNTY, TEXAS COMMITTED TO PROVIDING CLEAN, SAFE WATER FOR ALL OUR MEMBERS

Program Service Accomplishments

Program 1

Expenses: $609,693

PRODUCE AND DISTRIBUTE WATER TO METERS OWNED BY MEMBERS FOR USE IN HOMES, BUSINESSES, AND FOR AGRICULTURAL PURPOSES. MUSTANG VALLEY WATER SUPPLY CORPORATION SERVED 834 METERS IN THE CALENDAR YEAR...

PRODUCE AND DISTRIBUTE WATER TO METERS OWNED BY MEMBERS FOR USE IN HOMES, BUSINESSES, AND FOR AGRICULTURAL PURPOSES. MUSTANG VALLEY WATER SUPPLY CORPORATION SERVED 834 METERS IN THE CALENDAR YEAR ENDING DECEMBER 31, 2023.

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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 $57,860

Program Service Revenue $760,733

Investment Income $21,275

Other Revenue $21,798

TOTAL REVENUE $861,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $279,561

Fundraising Expenses $0

Program Expenses $609,693

Other Expenses $551,465

TOTAL EXPENSES $831,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$861,666	$833,592	+0.0%
Expenses	$831,026	$776,434	+0.1%
Net Income	$30,640	$57,158	-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

$120,024

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG KIETA	PRESIDENT(01/01 - 04/30)	5.00	Officer Director	$0	$0	$0
MIKE UPTON	DIRECTOR (01/01 - 04/30) PRESIDENT (05/01 - 12/31)	0.50	Officer Director	$0	$0	$0
AUBREY RICHARDS	VICE PRESIDENT (01/01 - 04/17)	0.50	Officer Director	$0	$0	$0
JASON COX	DIRECTOR (01/01-04/18)VICE PRESIDENT (05/01-12/31)	0.50	Officer Director	$0	$0	$0
DOUG PERSCHKE	TREASURER	0.50	Officer Director	$0	$0	$0
NANCY BRATCHER	SECRETARY	0.50	Officer Director	$0	$0	$0
LOREN GRISWOLD	DIRECTOR (01/01 - 04/30)	0.50	Director	$0	$0	$0
KIRK GUILLORY	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD MAJOR	DIRECTOR	0.50	Director	$0	$0	$0
RODNEY MURRY	GENERAL MANAGER	40.00	Officer	$61,979	$5,215	$67,194
KAREN THOMASY	ADMINISTRATIVE MANAGER	40.00	Officer	$46,599	$6,231	$52,830

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	$861,666	$831,026	$2,573,701	$30,640
2022	$833,592	$776,434	$2,565,782	$57,158
2021	$743,093	$725,515	$2,558,863	$17,578
2020	$751,928	$632,625	$2,511,357	$119,303
2019	$677,798	$592,373	$2,424,105	$85,425
2018	$647,919	$629,682	$2,392,114	$18,237