CONCAN WATER SUPPLY CORPORATION (EIN 742595595) - 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

1990

Legal Domicile

Principal Officer

RICHARD EARNEST

Phone

8302325169

Tax Period

2025-01-01 to 2025-12-31

CONCAN WATER SUPPLY CORPORATION, founded in 1990, is a small nonprofit that reported $623K in total revenue in fiscal year 2025. Net assets of $1.5M represent 28 months of operating reserves.

Mission

TO PROVIDE A SAFE, RELIABLE AND ECONOMICAL SOURCE OF DRINKING WATER TO THE CITIZENS OF CONCAN, 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $607,012

Investment Income $1,152

Other Revenue $14,372

TOTAL REVENUE $622,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $195,052

Fundraising Expenses $0

Other Expenses $485,032

TOTAL EXPENSES $680,084

Year-over-Year Comparison

	2025	2024	Change
Revenue	$622,536	$635,604	0.0%
Expenses	$680,084	$679,444	+0.0%
Net Income	$-57,548	$-43,840	+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

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
RICHARD EARNEST	PRESIDENT	2.00	Director	$0	$0	$0
TERRY CARSON	VICE-PRESIDENT	1.00	Director	$0	$0	$0
JOHN SCHOTT	TREASURER	1.00	Director	$0	$0	$0
MICHAEL MEADOWS	MEMBER	1.00	Director	$0	$0	$0
BRANDON HIGHTOWER	MEMBER	1.00	Director	$0	$0	$0
STEVE CAMPBELL	MEMBER	1.00	Director	$0	$0	$0
JAMES JACOBS	MEMBER	1.00	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	$622,536	$680,084	$1,470,843	$-57,548
2024	No data	No data	No data	No data
2023	$573,668	$761,672	$1,827,312	$-188,004
2022	$566,338	$940,134	$1,797,644	$-373,796
2021	$657,927	$533,479	$2,113,769	$124,448
2020	$603,773	$517,315	$1,992,395	$86,458
2019	$498,465	$423,640	$1,912,953	$74,825
2018	$531,959	$314,591	$1,851,584	$217,368

CONCAN WATER SUPPLY CORPORATION