TIMPSON RURAL WATER SUPPLY CORPORATION (EIN 751249647) - 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

ROBERT CRUMP

Phone

9362542108

Tax Period

2023-01-01 to 2023-12-31

TIMPSON RURAL WATER SUPPLY CORPORATION, founded in 1965, is a small nonprofit that reported $383K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $361K left a modest 6% surplus.

Mission

TO PROVIDE CLEAN, SUITABLE WATER TO RURAL RESIDENTS OF THE TIMPSON, TX AREA.

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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 $356,910

Investment Income $18,618

Other Revenue $7,000

TOTAL REVENUE $382,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $158,612

Fundraising Expenses $0

Other Expenses $202,446

TOTAL EXPENSES $361,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$382,528	$343,559	+0.1%
Expenses	$361,058	$351,191	+0.0%
Net Income	$21,470	$-7,632	-3.8%

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
ROBERT CRUMP	PRESIDENT	N/A	Officer Director	$0	$0	$0
MIKE THRIFT	DIRECTOR	N/A	Officer Director	$0	$0	$0
BILLY CARRINGTON	SECRETARY	N/A	Officer Director	$0	$0	$0
BRAD FITZGERALD	DIRECTOR	N/A	Officer Director	$0	$0	$0
RUSTY COOK	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JOHN CHILDS	DIRECTOR	N/A	Officer Director	$0	$0	$0
RAY LLOYD	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$382,528	$361,058	$752,444	$21,470
2022	$343,559	$351,191	$705,892	$-7,632
2021	$328,457	$325,548	$718,102	$2,909
2020	$310,192	$325,787	$708,747	$-15,595
2019	$331,333	$320,962	$702,785	$10,371
2018	$332,988	$312,435	$675,057	$20,553

TIMPSON RURAL WATER SUPPLY CORPORATION