MONTALBA WATER SUPPLY CORPORATION (EIN 751168107) - 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

2001

Legal Domicile

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

🔒

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 $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

🔒

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

$26,163

Total Directors

$26,163

Key Employees

Highest Compensated

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

MONTALBA WATER SUPPLY CORPORATION