MUSTANG VALLEY WATER SUPPLY CORP

EIN: 742107745

CRANFILLS GAP, TX

Total Revenue
$861,666
Total Expenses
$831,026
Total Assets
$2,573,701
Net Assets
$1,393,502
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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
TX
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

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
6
Volunteers
7

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
8
$120,024
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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