DRIPPING SPRINGS WATER SUPPLY CORP (EIN 742114017) - 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

1964

Legal Domicile

Principal Officer

RICHARD BROUN

Phone

5128587897

Tax Period

2024-01-01 to 2024-12-31

DRIPPING SPRINGS WATER SUPPLY CORP, founded in 1964, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.8M, a strong 32% 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 $5,106,792

Investment Income $649,389

Other Revenue $2,271

TOTAL REVENUE $5,758,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $898,477

Fundraising Expenses $0

Program Expenses $3,933,168

Other Expenses $3,034,691

TOTAL EXPENSES $3,933,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,758,452	$8,019,097	-0.3%
Expenses	$3,933,168	$3,527,045	+0.1%
Net Income	$1,825,284	$4,492,052	-0.6%

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

$141,723

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD BROUN	OFFICER	40.00	Officer	$141,723	$0	$141,723
CHARLIE BUSBEY	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS CROW	VICE PRESIDE	1.00	Officer	$0	$0	$0
MARK KEY	PRESIDENT	1.00	Officer	$0	$0	$0
REX MILLER	SECRETARY/TR	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
2024	$5,758,452	$3,933,168	$33,155,700	$1,825,284
2023	$8,019,097	$3,527,045	$28,022,204	$4,492,052
2022	$7,134,883	$3,758,132	$23,723,528	$3,376,751
2021	$6,673,921	$3,456,983	$20,535,258	$3,216,938
2020	$6,972,386	$3,153,038	$17,109,163	$3,819,348

DRIPPING SPRINGS WATER SUPPLY CORP