POINT ENTERPRISE WATER SUPPLY CORP (EIN 742482915) - 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

TED KANTOR

Phone

2545626295

Tax Period

2023-08-01 to 2024-07-31

POINT ENTERPRISE WATER SUPPLY CORP, founded in 1964, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 4% surplus.

Mission

TO PROVIDE A SUPPLY OF QUALITY DRINKING WATER TO THE RESIDENTS OF RURAL TEXAS COUNTIES, LIMESTONE AND FREESTONE.

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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 $0

Program Service Revenue $1,032,130

Investment Income $46,668

Other Revenue $0

TOTAL REVENUE $1,078,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,637

Fundraising Expenses $0

Program Expenses $941,857

Other Expenses $848,832

TOTAL EXPENSES $1,032,469

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,078,798	$911,503	+0.2%
Expenses	$1,032,469	$695,829	+0.5%
Net Income	$46,329	$215,674	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HERB CASEY	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
RON DYSON	DIRECTOR	N/A	Director	$0	$0	$0
CLINT FLATT	DIRECTOR	N/A	Director	$0	$0	$0
TED KANTOR	PRESIDENT	N/A	Officer Director	$0	$0	$0
CAROL KEYS	SECRETARY-TR	N/A	Officer Director	$0	$0	$0
RICKY LIDE	DIRECTOR	N/A	Director	$0	$0	$0
BRENT LOCKE	DIRECTOR	N/A	Director	$0	$0	$0
WENDY SIMMONS	DIRECTOR	N/A	Director	$0	$0	$0
LOVIE WHYTE	DIRECTOR	N/A	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	$1,078,798	$1,032,469	$3,683,025	$46,329
2023	$911,503	$695,829	$3,701,663	$215,674
2022	$829,005	$419,375	$3,490,843	$409,630
2022	$648,805	$608,664	$3,284,549	$40,141
2021	$648,805	$664,339	$3,244,411	$-15,534
2020	$638,664	$684,079	$3,309,666	$-45,415
2019	$593,101	$606,632	$3,405,144	$-13,531
2018	$557,924	$574,555	$3,529,665	$-16,631

POINT ENTERPRISE WATER SUPPLY CORP