MONTALBA WATER SUPPLY CORPORATION

EIN: 751168107

MONTALBA, TX

Total Revenue
$103,586
Total Expenses
$112,303
Total Assets
$278,292
Net Assets
$274,692
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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
2001
Legal Domicile
TX
Principal Officer
ORVILLE WILBANKS
Phone
9035492537
Tax Period
2024-01-01 to 2024-12-31

MONTALBA WATER SUPPLY CORPORATION, founded in 2001, is a small nonprofit that reported $104K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Net assets of $275K represent 32 months of operating reserves.

Mission

RURAL WATER SERVICE TO OVER 200 CUSTOMERS IN NORTHERN ANDERSON COUNTY, TEXAS

Program Service Accomplishments

Program 1
Expenses: $112,303 Revenue: $103,586

RURAL WATER SERVICE TO OVER 200 CUSTOMERS IN NORTHERN ANDERSON 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $102,300
Investment Income $1,286
Other Revenue $0
TOTAL REVENUE $103,586

Expense Breakdown

Grants Paid $0
Salaries & Benefits $48,775
Fundraising Expenses $0
Program Expenses $112,303
Other Expenses $63,528
TOTAL EXPENSES $112,303

Year-over-Year Comparison

2024 2023 Change
Revenue $103,586 $319,084 -0.7%
Expenses $112,303 $342,316 -0.7%
Net Income $-8,717 $-23,232 -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

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Governance

Voting Members
8
Independent Members
6
Employees
4
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
2
$26,163
Total Directors
8
$26,163
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ORVILLE WILBANKS PRESIDENT 5.00
Officer Director
$17,583 $0 $17,583
RUTH WILBANKS SECRETARY/TREASURER 5.00
Officer Director
$8,580 $0 $8,580
STEVE SLATER BOARD MEMBER 0.25
Director
$0 $0 $0
TROY COLLINS BOARD MEMBER 0.25
Director
$0 $0 $0
WAYNE ENGLEDOW BOARD MEMBER 0.25
Director
$0 $0 $0
CHAD SPARKMAN BOARD MEMBER 0.25
Director
$0 $0 $0
WH WARD BOARD MEMBER 0.25
Director
$0 $0 $0
JAY BROWN BOARD MEMBER 0.25
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 $103,586 $112,303 $278,292 $-8,717
2023 $319,084 $342,316 $286,009 $-23,232
2022 $87,049 $127,471 $309,241 $-40,422
2021 $121,117 $146,163 $349,463 $-25,046
2020 $77,950 $106,998 $372,519 $-29,048
2019 $68,472 $64,349 $449,115 $4,123
2018 $81,169 $72,684 $444,992 $8,485
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