Angelina Water Supply Corporation (EIN 751212563) - 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

1964

Principal Officer

Buel Puryear

Phone

9368242865

Tax Period

2024-01-01 to 2024-12-31

Angelina Water Supply Corporation, founded in 1964, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $320K, a strong 25% operating margin.

Mission

PROVIDE WATER TO HOMER COMMUNITY AND SURROUNDING AREAS.

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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 $1,152,988

Investment Income $143,151

Other Revenue $0

TOTAL REVENUE $1,296,139

Expense Breakdown

Grants Paid $0

Salaries & Benefits $266,883

Fundraising Expenses $0

Other Expenses $709,596

TOTAL EXPENSES $976,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,296,139	$1,044,270	+0.2%
Expenses	$976,479	$721,718	+0.4%
Net Income	$319,660	$322,552	0.0%

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
Buel Puryear	President	0.50	Officer Director	$0	$0	$0
Steven Lumley	Director	0.50	Director	$0	$0	$0
Kirk Risinger	Director	0.50	Director	$0	$0	$0
Joe Havard	Vice President	0.50	Officer Director	$0	$0	$0
Larry Zylstra	Director	0.50	Director	$0	$0	$0
Bradley Clary	Sec/Treas	0.50	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
2024	$1,296,139	$976,479	$7,100,352	$319,660
2023	$1,044,270	$721,718	$6,806,981	$322,552
2022	$959,677	$683,455	$3,462,310	$276,222
2021	$907,082	$635,130	$3,175,154	$271,952
2020	$892,623	$613,731	$2,900,438	$278,892
2019	$838,515	$581,270	$3,022,118	$257,245
2018	$861,363	$575,567	$2,947,065	$285,796

Angelina Water Supply Corporation