ELDERVILLE WATER SUPPLY CORPORATION

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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

1967

Legal Domicile

Principal Officer

MELVIN SNODDY

Phone

9036432692

Tax Period

2024-10-01 to 2025-09-30

ELDERVILLE WATER SUPPLY CORPORATION, founded in 1967, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $8.2M represent 44 months of operating reserves.

Mission

SAFE AND DEPENDABLE WATER IS PROVIDED TO ITS MEMBERS IN THE RURAL COMMUNITIES OF NORTHEAST TEXAS.

Program Service Accomplishments

Program 1

WATER SUPPLY TO RURAL COMMUNITITES OF NORTHEAST 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 $2,167,184

Investment Income $57,577

Other Revenue $1,723

TOTAL REVENUE $2,226,484

Expense Breakdown

Grants Paid $0

Salaries & Benefits $569,406

Fundraising Expenses $0

Other Expenses $1,616,809

TOTAL EXPENSES $2,186,215

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,226,484	$2,059,471	+0.1%
Expenses	$2,186,215	$1,929,334	+0.1%
Net Income	$40,269	$130,137	-0.7%

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

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

$74,677

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLIVER TIMBERLAKE JR	DIRECTOR	0.50	Director	$0	$0	$0
MARTIN DUPLISSEY	DIRECTOR	0.50	Director	$0	$0	$0
JIMMIE FERREL	DIRECTOR	0.50	Director	$0	$0	$0
STEVE JOHNSTON	SECRETARY- TREASURER	0.50	Officer	$0	$0	$0
MELVIN SNODDY	PRESIDENT	0.50	Officer	$0	$0	$0
SHANE GASKIN	VICE PRESIDENT	0.50	Officer	$0	$0	$0
MARK ROGERS	GENERAL MANAGER	40.00	Officer	$70,367	$4,310	$74,677

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	$2,226,484	$2,186,215	$9,355,573	$40,269
2024	$2,059,471	$1,929,334	$8,981,678	$130,137
2023	$2,057,543	$1,817,544	$8,488,637	$239,999
2022	$1,994,142	$1,850,043	$8,257,267	$144,099
2021	$1,933,855	$1,797,424	$8,071,944	$136,431
2020	$1,572,762	$1,911,226	$7,775,545	$-338,464
2019	$1,536,204	$1,840,443	$8,065,626	$-304,239
2018	$1,641,376	$1,892,185	$8,286,632	$-250,809