ARGYLE WATER SUPPLY CORPORATION (EIN 751151768) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1963

Legal Domicile

Principal Officer

AL DOURGARIAN

Phone

9404647713

Tax Period

2024-01-01 to 2024-12-31

ARGYLE WATER SUPPLY CORPORATION, founded in 1963, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.6M, a strong 34% operating margin.

Mission

ARGYLE WATER SUPPLY IS A RETAIL PUBLIC WATER UTILITY SERVING RESIDENTS OF ARGYLE, TEXAS AND SURROUNDING AREAS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,333,476

Investment Income $453,375

Other Revenue $11,907

TOTAL REVENUE $7,798,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $934,700

Fundraising Expenses $0

Other Expenses $4,239,400

TOTAL EXPENSES $5,174,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,798,758	$6,694,173	+0.2%
Expenses	$5,174,100	$4,612,549	+0.1%
Net Income	$2,624,658	$2,081,624	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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 QUINTERO	MANAGER	40.00		$133,656	$6,657	$140,313
JON DONAHUE	Vice President	3.00	Officer Director	$0	$0	$0
AL DOURGARIAN	President	5.00	Officer Director	$0	$0	$0
DICK SHEPHERD	Director	2.00	Director	$0	$0	$0
ROBERT HAWK	Director	2.00	Director	$0	$0	$0
CHARLES BEAVERS	Director	2.00	Director	$0	$0	$0
JAMES SEWELL	Director	2.00	Director	$0	$0	$0
PAM BATSON	SEC/TREAS	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
2025	No data	No data	No data	No data
2024	$7,798,758	$5,174,100	$36,352,954	$2,624,658
2023	$6,694,173	$4,612,549	$32,720,416	$2,081,624
2022	$6,484,159	$5,461,661	$29,365,727	$1,022,498
2021	$9,270,450	$3,669,140	$26,125,851	$5,601,310
2020	$4,479,564	$3,478,382	$18,432,016	$1,001,182
2019	$3,926,408	$3,500,305	$16,800,213	$426,103
2018	$3,784,491	$3,372,793	$15,720,236	$411,698

ARGYLE WATER SUPPLY CORPORATION