DURHAM PARK WATER SUPPLY CORPORATI… - 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

1988

Legal Domicile

Principal Officer

GARNER EDWARDS

Phone

5127786612

Tax Period

2024-01-01 to 2024-12-31

DURHAM PARK WATER SUPPLY CORPORATION, founded in 1988, is a small nonprofit that reported $332K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $387K exceeded revenue, resulting in a 16% operating deficit.

Mission

WATER SUPPLY AND DISTRIBUTION.

Program Service Accomplishments

Program 1

TO PROVIDE WATER SUPPLY FOR GENERAL FARM AND DOMESTIC USE TO PROPERTY OWNERS AND INDIVIDUALS RESIDING IN THREE SUBDIVISIONS IN WILLIAMSON COUNTY, TEXAS. SERVES APPROXIMATELY 428 CUSTOMERS.

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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 $326,773

Investment Income $5,502

Other Revenue $60

TOTAL REVENUE $332,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,625

Fundraising Expenses $0

Other Expenses $204,274

TOTAL EXPENSES $386,899

Year-over-Year Comparison

	2024	2023	Change
Revenue	$332,335	$358,231	-0.1%
Expenses	$386,899	$365,068	+0.1%
Net Income	$-54,564	$-6,837	+7.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARNER EDWARDS	PRESIDENT	2.00	Officer Director	$0	$0	$0
LINDA WALZ	VICE PRES. (	2.00	Officer Director	$0	$0	$0
KADEY COCHRAN	TREASURER	2.00	Officer Director	$0	$0	$0
JATON PITTARD	SECRETARY (1	2.00	Officer Director	$0	$0	$0
ERIK KRAUSE	MEMBER	2.00	Director	$0	$0	$0
JEFFREY MAYES	MEMBER (9-12	2.00	Director	$0	$0	$0
FARHAD MADANI	MEMBER (12/2	2.00	Director	$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	$332,335	$386,899	$1,152,837	$-54,564
2023	$358,231	$365,068	$1,237,210	$-6,837
2022	$406,231	$352,181	$1,267,061	$54,050
2021	$288,418	$332,124	$1,198,610	$-43,706
2020	$255,086	$297,982	$1,256,414	$-42,896
2019	$261,072	$309,202	$1,313,056	$-48,130
2018	$249,688	$271,984	$1,359,723	$-22,296

DURHAM PARK WATER SUPPLY CORPORATION