CARO WATER SUPPLY CORPORATION (EIN 751244153) - 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

WADE MUCKLEROY

Phone

9365643078

Tax Period

2023-01-01 to 2023-12-31

CARO WATER SUPPLY CORPORATION, founded in 1965, is a small nonprofit that reported $705K in total revenue in fiscal year 2023. Net assets of $2.0M represent 35 months of operating reserves.

Mission

PROVIDE A CLEAN AND DEPENDABLE WATER SUPPLY TO A RURAL AREA OF EASTERN 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $694,530

Investment Income $10,834

Other Revenue $0

TOTAL REVENUE $705,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,843

Fundraising Expenses $0

Program Expenses $691,905

Other Expenses $487,062

TOTAL EXPENSES $691,905

Year-over-Year Comparison

	2023	2022	Change
Revenue	$705,364	$654,096	+0.1%
Expenses	$691,905	$688,314	+0.0%
Net Income	$13,459	$-34,218	-1.4%

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
SARAH CUNNINGHAM	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
WADE MUCKLEROY	PRESIDENT	1.00	Officer Director	$0	$0	$0
KERRY VAUGHT	VICE PRESIDE	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	No data	No data	No data	No data
2023	$705,364	$691,905	$2,852,694	$13,459
2022	$654,096	$688,314	$2,978,237	$-34,218
2021	$584,385	$642,682	$3,141,786	$-58,297
2020	$580,124	$645,007	$3,322,395	$-64,883
2019	$540,434	$657,272	$3,503,353	$-116,838
2018	$557,865	$603,841	$3,729,327	$-45,976

CARO WATER SUPPLY CORPORATION