Oak Ridge South Gale Water Supply

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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

1966

Legal Domicile

Principal Officer

Kevin Higgins

Phone

9034656403

Tax Period

2024-01-01 to 2024-12-31

Oak Ridge South Gale Water Supply, founded in 1966, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $315K, a strong 26% operating margin.

Mission

Provide potable water supply to members.

Program Service Accomplishments

Program 1

Expenses: $894,970

To provide potable water for general farm use and for domestic use to individuals residing in the rural communities of Grayson 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 $5,790

Program Service Revenue $1,181,118

Investment Income $22,870

Other Revenue $0

TOTAL REVENUE $1,209,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,325

Fundraising Expenses $0

Program Expenses $894,970

Other Expenses $830,645

TOTAL EXPENSES $894,970

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,209,778	$946,653	+0.3%
Expenses	$894,970	$875,747	+0.0%
Net Income	$314,808	$70,906	+3.4%

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
Thomas Haney	Director	2.00	Director	$0	$0	$0
Keith Lawyer	Director	2.00	Director	$0	$0	$0
Dan Petterson	Director	2.00	Director	$0	$0	$0
Leanne Wilson	Director	2.00	Director	$0	$0	$0
Jereme Boyles	Director	0.00	Director	$0	$0	$0
Dan Massey	Director	2.00	Director	$0	$0	$0
Tony Tillman	Alternate	2.00	Director	$0	$0	$0
Kevin Higgins	President	2.00	Officer	$0	$0	$0
Ruth Ledbetter	Vice President	2.00	Officer	$0	$0	$0
Debi Tompkins	SecTres	2.00	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	$1,209,778	$894,970	$1,881,358	$314,808
2023	$946,653	$875,747	$1,555,261	$70,906
2022	$947,618	$791,627	$1,458,140	$155,991
2021	$813,175	$694,416	$1,322,059	$118,759
2020	$735,541	$673,830	$1,210,324	$61,711
2019	$649,944	$651,662	$1,130,479	$-1,718
2018	$680,096	$642,015	$1,131,118	$38,081