APPLEBY WATER SUPPLY INCORPORATED (EIN 751217891) - 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

Legal Domicile

Principal Officer

JIM WEST

Phone

9365699782

Tax Period

2024-01-01 to 2024-12-31

APPLEBY WATER SUPPLY INCORPORATED, founded in 1964, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $468K, a strong 32% operating margin.

Mission

THE MISSION OF THE WATER SUPPLY IS TO PROVIDE WATER SERVICE TO A RURAL AREA OF NACOGDOCHES COUNTY.

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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 $1,413,504

Investment Income $50,801

Other Revenue $2,773

TOTAL REVENUE $1,467,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,842

Fundraising Expenses $0

Program Expenses $999,231

Other Expenses $686,389

TOTAL EXPENSES $999,231

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,467,078	$1,268,874	+0.2%
Expenses	$999,231	$1,033,415	0.0%
Net Income	$467,847	$235,459	+1.0%

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
COLLIN HAIRGROVE	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
BILLY HENDERSON	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JOHN SPARKS JR	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
MICHAEL KIMBROUGH	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
KEVIN PIERCE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ROBERT TEMPLIN	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JIM WEST	PRESIDENT	1.00	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	$1,467,078	$999,231	$6,687,713	$467,847
2023	$1,268,874	$1,033,415	$6,209,678	$235,459
2022	$1,204,966	$889,790	$5,971,310	$315,176
2021	$1,070,104	$649,995	$5,673,166	$420,109
2020	$965,021	$604,763	$5,322,975	$360,258
2019	$667,488	$612,072	$4,881,009	$55,416
2018	$725,085	$624,531	$4,815,172	$100,554

APPLEBY WATER SUPPLY INCORPORATED