HIGH POINT WATER SUPPLY CORPORATION (EIN 751251613) - 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

Phone

9725643801

Tax Period

2020-08-01 to 2021-07-31

HIGH POINT WATER SUPPLY CORPORATION, founded in 1965, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2020. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.7M, a strong 27% operating margin.

Mission

FURNISH A POTABLE WATER SUPPLY FOR GENERAL FARM USE AND DOMESTIC PURPOSES TO INDIVIDUALS RESIDING IN THE RURAL COMMUNITY OF HIGH POINT, NORTH OF FORNEY, TEXAS AND THE SURROUNDING RURAL AREAS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,457,087

Investment Income $6,731

Other Revenue $0

TOTAL REVENUE $6,463,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $470,622

Fundraising Expenses $0

Program Expenses $4,297,271

Other Expenses $4,264,487

TOTAL EXPENSES $4,735,109

Year-over-Year Comparison

	2020	2019	Change
Revenue	$6,463,818	$5,571,831	+0.2%
Expenses	$4,735,109	$3,829,591	+0.2%
Net Income	$1,728,709	$1,742,240	0.0%

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

$7,050

Total Directors

$14,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLORIA STIDHAM	Director	1.00	Director	$2,550	$0	$2,550
SUSIE TAYLOR	President	1.00	Officer Director	$2,400	$0	$2,400
DAVID LEWIS	Vice President	1.00	Officer Director	$2,400	$0	$2,400
SAMANTHA KEATS	Director	1.00	Director	$2,250	$0	$2,250
KIM EWELL	Secretary	1.00	Officer Director	$2,250	$0	$2,250
SAMUEL MCDONALD	Director	1.00	Director	$1,650	$0	$1,650
DARRELL HOBBS	Director	1.00	Director	$900	$0	$900

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
2021	$6,463,818	$4,735,109	No data	$1,728,709
2020	$5,571,831	$3,829,591	$14,963,847	$1,742,240
2018	$6,770,185	$3,081,788	$12,997,487	$3,688,397
2017	$3,106,151	$2,587,249	$9,429,770	$518,902

HIGH POINT WATER SUPPLY CORPORATION