BENTON CITY 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

LEROY GOODSON

Phone

8307093254

Tax Period

2024-01-01 to 2024-12-31

BENTON CITY WATER SUPPLY CORPORATION, founded in 1988, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2024. Expenses of $5.9M left a modest 12% surplus.

Mission

TO FURNISH WATER FOR GENERAL FARM AND DOMESTIC PURPOSES TO INDIVIDUALS AND COMPANIES RESIDING IN THE RURAL COUNTIES OF FRIO, ATASCOSA AND MEDINA.

Program Service Accomplishments

Program 1

Expenses: $5,259,222 Revenue: $6,441,203

BENTON CITY WATER SUPPLY CORPORATION FURNISHES WATER FOR GENERAL FARM AND DOMESTIC PURPOSES TO INDIVIDUALS AND COMPANIES RESIDING IN RURAL COUNTIES OF MEDINA, FRIO AND ATASCOSA, IN SOUTH TEXAS.

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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 $6,441,203

Investment Income $153,164

Other Revenue $69,292

TOTAL REVENUE $6,663,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,456,755

Fundraising Expenses $0

Program Expenses $5,259,222

Other Expenses $4,402,898

TOTAL EXPENSES $5,859,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,663,659	$6,367,618	+0.0%
Expenses	$5,859,653	$5,760,573	+0.0%
Net Income	$804,006	$607,045	+0.3%

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

N/A

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
LEEROY GOODSON	PRESIDENT	8.00	Officer Director	$0	$0	$0
RHONDA BERMEA	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
KIMBERLY FAULK	SECRETARY/TREASURER	8.00	Officer Director	$0	$0	$0
ROBERT SANCHEZ	DIRECTOR	4.00	Director	$0	$0	$0
BONNIE TAPP-SALLEE	DIRECTOR	4.00	Director	$0	$0	$0
CHARLIE DIGGES	DIRECTOR	4.00	Director	$0	$0	$0
JONATHAN LOWE	DIRECTOR	4.00	Director	$0	$0	$0
RENA MORALES	DIRECTOR	4.00	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
2025	No data	No data	No data	No data
2024	$6,663,659	$5,859,653	$33,210,256	$804,006
2023	$6,367,618	$5,760,573	$32,447,403	$607,045
2022	$6,045,390	$4,970,518	$31,827,424	$1,074,872
2021	$5,552,936	$4,298,774	$30,922,894	$1,254,162
2020	$5,552,957	$4,078,126	$29,492,060	$1,474,831
2019	$4,967,154	$3,943,052	$27,772,545	$1,024,102
2018	$4,778,904	$3,555,395	$26,949,016	$1,223,509

BENTON CITY WATER SUPPLY CORPORATION