HOLIDAY BEACH WATER SUPPLY CORPORATION (EIN 742729275) - 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

DAVID GILL

Phone

3617299707

Tax Period

2024-01-01 to 2024-12-31

HOLIDAY BEACH WATER SUPPLY CORPORATION, founded in 1994, is a small nonprofit that reported $573K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $517K left a modest 10% surplus.

Mission

PROVIDE POTABLE WATER SUPPLY TO TOWNS, CITIES, INDIVIDUALS, BUSINESSES MILITARY CAMPS, AND BASES IN AND AROUND ARANSAS COUNTY, 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 $572,621

Investment Income $286

Other Revenue $0

TOTAL REVENUE $572,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,753

Fundraising Expenses $0

Program Expenses $516,587

Other Expenses $373,834

TOTAL EXPENSES $516,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$572,907	$637,659	-0.1%
Expenses	$516,587	$478,028	+0.1%
Net Income	$56,320	$159,631	-0.6%

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
DAVID GILL	PRESIDENT	2.50	Officer Director	$0	$0	$0
NEIL ADAMS	VP	0.50	Officer Director	$0	$0	$0
BRUCE DAVIS	S-T	0.50	Director	$0	$0	$0
Ray Rodriguez	Director	0.50	Director	$0	$0	$0
Lance Ligon	DIRECTOR	0.50	Director	$0	$0	$0
Roger Smith	Director	0.50	Director	$0	$0	$0
Ross Loeffler	Director	0.50	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	$572,907	$516,587	$2,175,940	$56,320
2023	$637,659	$478,028	$2,221,466	$159,631
2022	$563,137	$460,398	$1,756,712	$102,739
2021	$544,312	$389,746	$1,722,392	$154,566
2020	$718,615	$428,159	$1,628,679	$290,456
2019	$725,740	$455,338	$1,895,361	$270,402
2018	$666,106	$435,554	$1,790,685	$230,552

HOLIDAY BEACH WATER SUPPLY CORPORATION