PLEASANT SPRINGS WATER SUPPLY CORPORATION (EIN 751252671) - 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

1986

Legal Domicile

Principal Officer

SAM MARTINE

Phone

9037236178

Tax Period

2024-01-01 to 2024-12-31

PLEASANT SPRINGS WATER SUPPLY CORPORATION, founded in 1986, is a small nonprofit that reported $291K in total revenue in fiscal year 2024. Expenses of $267K left a modest 8% surplus.

Mission

SUPPLIES WATER TO RURAL MEMBERS IN ANDERSON 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 $290,809

Investment Income $0

Other Revenue $0

TOTAL REVENUE $290,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $267,062

TOTAL EXPENSES $267,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$290,809	$301,843	0.0%
Expenses	$267,062	$283,016	-0.1%
Net Income	$23,747	$18,827	+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

N/A

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
JIM HAILEY	DIR	010.00	Director	$0	$0	$0
SAM MARTINE	DIR	010.00	Director	$0	$0	$0
BOB EASLEY	DIR	010.00	Director	$0	$0	$0
KIRK PAYNE	DIR	010.00	Director	$0	$0	$0
RICHARD TERRY	PRES	010.00	Officer	$0	$0	$0
RANDY SHAVER	VPRES	010.00	Officer	$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	$290,809	$267,062	$2,070,793	$23,747
2023	$301,843	$283,016	$2,059,479	$18,827
2022	$338,950	$286,735	$2,056,242	$52,215
2021	$281,642	$244,836	$1,997,966	$36,806
2020	$302,478	$253,955	$1,988,195	$48,523
2019	$587,798	$277,614	$1,940,632	$310,184
2018	$281,626	$300,121	$1,490,288	$-18,495

PLEASANT SPRINGS WATER SUPPLY CORPORATION