SOUTH FREESTONE COUNTY WATER SUPPL… - Form 990 Financial Data

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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

1970

Legal Domicile

Principal Officer

ANITA ROBINSON

Phone

9033895952

Tax Period

2023-10-01 to 2024-09-30

SOUTH FREESTONE COUNTY WATER SUPPLY CORPORATION, founded in 1970, is a small nonprofit that reported $706K in total revenue in fiscal year 2023. The organization ran a surplus of $235K, a strong 33% operating margin.

Mission

THE CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO FURNISH WATER TO ALL MEMBERS OF THE SOUTH FREESTONE COUNTY WATER SUPPLY CORPORATION WATER SYSTEM.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDED WATER TO 1,270 METERS ON THE WATER SYSTEM DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024.

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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 $7,741

Program Service Revenue $0

Investment Income $42,235

Other Revenue $656,018

TOTAL REVENUE $705,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,976

Fundraising Expenses $0

Other Expenses $227,260

TOTAL EXPENSES $471,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$705,994	$655,185	+0.1%
Expenses	$471,236	$457,090	+0.0%
Net Income	$234,758	$198,095	+0.2%

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

$1,350

Total Directors

$3,015

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EARNEST COLBERT	VICE PRESIDE	1.00	Officer Director	$720	$0	$720
JOHN MOORE	DIRECTOR	1.00	Director	$675	$0	$675
ANITA ROBINSON	PRESIDENT	1.00	Officer Director	$630	$0	$630
MARY LOU WHITAKER	DIRECTOR	1.00	Director	$630	$0	$630
JACOB CLARK	DIRECTOR	1.00	Director	$360	$0	$360

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	No data	No data	No data	No data
2024	$705,994	$471,236	$2,451,714	$234,758
2023	$655,185	$457,090	$2,232,085	$198,095
2022	$572,619	$433,491	$1,988,590	$139,128
2021	$382,152	$359,806	$1,857,621	$22,346
2020	$332,859	$227,059	$1,844,702	$105,800
2019	$278,122	$223,020	$1,749,964	$55,102
2018	$377,446	$250,839	$1,819,251	$126,607

SOUTH FREESTONE COUNTY WATER SUPPLY CORPORATION