MYRTLE SPRINGS WATER SUPPLY COMPANY (EIN 751232329) - 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

1968

Legal Domicile

Phone

9038658402

Tax Period

2024-01-01 to 2024-12-31

MYRTLE SPRINGS WATER SUPPLY COMPANY, founded in 1968, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $341K, a strong 30% operating margin.

Mission

PROVIDE WATER TO THE COOPERATIVE MEMBERS OF THE RURAL AREA IN MYRTLE SPRINGS, TX.

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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 $1,104,275

Investment Income $2,484

Other Revenue $31,641

TOTAL REVENUE $1,138,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $246,788

Fundraising Expenses $0

Other Expenses $550,830

TOTAL EXPENSES $797,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,138,400	$812,654	+0.4%
Expenses	$797,618	$758,733	+0.1%
Net Income	$340,782	$53,921	+5.3%

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
CONNIE HERNANDEZ	Director	1.00	Director	$0	$0	$0
DEAN GORELL	Director	1.00	Director	$0	$0	$0
BUSTER LEAVELL	Treasurer	1.00	Officer Director	$0	$0	$0
FRANK MEYERS	Vice President	1.00	Officer Director	$0	$0	$0
CHRIS HARRIS	Director	1.00	Director	$0	$0	$0
JOHN KIMBREW	President	5.00	Officer	$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	$1,138,400	$797,618	$2,954,374	$340,782
2023	$812,654	$758,733	$2,408,703	$53,921
2022	$852,158	$786,665	$2,383,867	$65,493
2021	$766,168	$704,732	$2,464,255	$61,436
2020	$779,684	$636,313	$2,465,143	$143,371
2019	$676,798	$628,555	$2,400,147	$48,243
2018	$576,851	$663,168	$2,403,140	$-86,317

MYRTLE SPRINGS WATER SUPPLY COMPANY