MILLIGAN WATER SUPPLY CORPORATION (EIN 751234461) - 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

1965

Legal Domicile

Principal Officer

DONNA PETREE

Phone

9725421143

Tax Period

2024-01-01 to 2024-12-31

MILLIGAN WATER SUPPLY CORPORATION, founded in 1965, is a community nonprofit in the Public & Societal Benefit sector that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 47% operating margin.

Mission

SALE OF WATER TO RURAL CUSTOMERS IN EAST McKINNEY 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 $1,880,897

Investment Income $19,161

Other Revenue $1,307,470

TOTAL REVENUE $3,207,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $676,938

Fundraising Expenses $0

Program Expenses $1,086,986

Other Expenses $1,036,876

TOTAL EXPENSES $1,713,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,207,528	$2,661,353	+0.2%
Expenses	$1,713,814	$1,537,767	+0.1%
Net Income	$1,493,714	$1,123,586	+0.3%

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	Role	Reportable Comp	Other Comp	Total
DONNA PETREE	President	Officer Director	$0	$0	$0
HAROLD HINSLEY	Director	Director	$0	$0	$0
JUNE PETITT	Director	Director	$0	$0	$0
BOB PETITT	Director	Director	$0	$0	$0
PHILLIP CHOATE	Vice President	Officer Director	$0	$0	$0
PERRY GOETZ	Director	Director	$0	$0	$0
ADAM PAGANO	Treasurer	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	$3,207,528	$1,713,814	$6,604,280	$1,493,714
2023	$2,661,353	$1,537,767	$5,040,853	$1,123,586
2022	$4,045,048	$1,235,947	$3,482,683	$2,809,101
2021	$939,469	$985,920	$675,068	$-46,451
2020	$909,602	$907,245	$725,794	$2,357
2019	$854,174	$931,687	$770,016	$-77,513
2018	$835,017	$871,780	$850,033	$-36,763

MILLIGAN WATER SUPPLY CORPORATION