RED RIVER COUNTY WATER SUPPLY CORPORATIO (EIN 751293427) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

Phone

9034272891

Tax Period

2023-01-01 to 2023-12-31

RED RIVER COUNTY WATER SUPPLY CORPORATIO, founded in 1966, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. The organization ran a surplus of $269K, a strong 15% operating margin.

Mission

TO PROVIDE MEMBERS WITH SAFE DRINKING WATER AT A REASONABLE COST.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,683,548

Investment Income $19,369

Other Revenue $72,600

TOTAL REVENUE $1,775,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $545,287

Fundraising Expenses $0

Program Expenses $1,506,612

Other Expenses $961,325

TOTAL EXPENSES $1,506,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,775,517	$1,672,344	+0.1%
Expenses	$1,506,612	$1,370,973	+0.1%
Net Income	$268,905	$301,371	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
BILLY MITCHELL	President	1.00	Officer Director	$0	$0	$0
JAMES LAWRENCE	Director	0.00	Director	$0	$0	$0
CECIL JOHNSON	Director	0.00	Director	$0	$0	$0
TANNY EMERY	Secretary/Treas	1.00	Officer Director	$0	$0	$0
JIMMY WILLIAMS	Director	0.00	Director	$0	$0	$0
BRUCE SCOTT	Director	0.00	Director	$0	$0	$0
JAMES WELCH	Vice President	0.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,775,517	$1,506,612	$6,349,296	$268,905
2022	$1,672,344	$1,370,973	$6,150,243	$301,371
2021	$1,739,322	$1,264,727	$5,910,040	$474,595
2020	$1,315,805	$1,153,168	$5,496,163	$162,637
2019	$1,217,894	$1,389,323	$5,396,724	$-171,429
2018	$1,310,390	$1,260,719	$5,628,635	$49,671

RED RIVER COUNTY WATER SUPPLY CORPORATIO