KNIPPA WATER SUPPLY CORPORATION (EIN 746053379) - 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

1962

Legal Domicile

Principal Officer

MIKE BRICE

Phone

8309342620

Tax Period

2024-07-01 to 2025-06-30

KNIPPA WATER SUPPLY CORPORATION, founded in 1962, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 296% from the prior year, signaling strong growth momentum. The organization ran a surplus of $926K, a strong 81% operating margin.

Mission

TO PROVIDE A SAFE, RELIABLE AND ECONOMICAL SOURCE OF DRINKING WATER TO THE RESIDENTS OF KNIPPA, 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 $815,498

Program Service Revenue $321,806

Investment Income $11,580

Other Revenue $0

TOTAL REVENUE $1,148,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,007

Fundraising Expenses $0

Other Expenses $144,601

TOTAL EXPENSES $222,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,148,884	$289,810	+3.0%
Expenses	$222,608	$177,150	+0.3%
Net Income	$926,276	$112,660	+7.2%

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
MIKE BRICE	PRESIDENT	2.00	Officer Director	$0	$0	$0
NOEL TROXCLAIR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CLAUDIA SANDERLIN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN MCCLURE	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	$1,148,884	$222,608	$1,984,507	$926,276
2024	$289,810	$177,150	$1,055,795	$112,660
2023	$224,920	$182,628	$952,837	$42,292
2022	$236,841	$166,972	$909,098	$69,869
2021	$214,072	$155,899	$836,397	$58,173
2020	$208,361	$150,475	$779,155	$57,886
2019	$188,880	$153,568	$718,055	$35,312

KNIPPA WATER SUPPLY CORPORATION