PICOSA WATER SUPPLY CORPORATION (EIN 742720487) - 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

1994

Legal Domicile

Principal Officer

HAROLD SNOWBALL

Phone

8303934424

Tax Period

2024-01-01 to 2024-12-31

PICOSA WATER SUPPLY CORPORATION, founded in 1994, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Net assets of $2.6M represent 28 months of operating reserves.

Mission

PROVIDE WATER SUPPLY SERVICES TO RURAL SOUTH TEXAS 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 $1,046,428

Investment Income $26,866

Other Revenue $16,161

TOTAL REVENUE $1,089,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $426,676

Fundraising Expenses $0

Other Expenses $682,196

TOTAL EXPENSES $1,108,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,089,455	$1,086,260	+0.0%
Expenses	$1,108,872	$879,837	+0.3%
Net Income	$-19,417	$206,423	-1.1%

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
HAROLD SNOWBALL	INCOMING PRE	2.00	Officer Director	$0	$0	$0
FABIAN MUTZ	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
EUGENE RAANES	DIRECTOR	2.00	Director	$0	$0	$0
DAN PATTON	OUTGOING PRE	2.00	Officer Director	$0	$0	$0
EUGENE PINEDA	SECRETARY/TR	2.00	Officer 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	$1,089,455	$1,108,872	$3,243,598	$-19,417
2023	$1,086,260	$879,837	$3,288,094	$206,423
2022	$871,641	$738,365	$3,119,804	$133,276
2021	$735,069	$639,717	$3,005,791	$95,352
2020	$690,032	$554,152	$2,948,395	$135,880
2019	$686,426	$594,722	$2,827,939	$91,704
2018	$606,096	$557,684	$2,728,871	$48,412

PICOSA WATER SUPPLY CORPORATION