SWIFT WATER SUPPLY INCORPORATED (EIN 751234920) - 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

PAUL HUGHES

Phone

9364627843

Tax Period

2024-01-01 to 2024-12-31

SWIFT WATER SUPPLY INCORPORATED, founded in 1964, is a small nonprofit that reported $965K in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE WATER SUPPLY IS TO PROVIDE A CLEAN AND SAFE SUPPLY OF WATER TO A GROWING RURAL AREA OF NACOGDOCHES COUNTY, TEXAS.

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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 $945,038

Investment Income $16,942

Other Revenue $2,775

TOTAL REVENUE $964,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $273,880

Fundraising Expenses $0

Program Expenses $941,683

Other Expenses $667,803

TOTAL EXPENSES $941,683

Year-over-Year Comparison

	2024	2023	Change
Revenue	$964,755	$936,803	+0.0%
Expenses	$941,683	$958,199	0.0%
Net Income	$23,072	$-21,396	-2.1%

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
WILLIAM TONY HILL	DIRECTOR	1.00	Officer Director	$0	$0	$0
PAUL HUGHES	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE RAWSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CRAIG VOSE	SECRETARY-TR	1.00	Officer Director	$0	$0	$0
TERESA WEAVER	DIRECTOR	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
2024	$964,755	$941,683	$3,518,347	$23,072
2023	$936,803	$958,199	$3,590,214	$-21,396
2022	$757,242	$752,119	$3,139,261	$5,123
2021	$560,913	$543,827	$1,930,483	$17,086
2020	$498,087	$489,849	$1,911,651	$8,238
2019	$481,601	$477,854	$1,902,202	$3,747
2018	$492,907	$446,109	$1,894,281	$46,798

SWIFT WATER SUPPLY INCORPORATED