NORTH RURAL WATER SUPPLY CORPORATION

EIN: 751297546

MINERAL WELLS, TX

Total Revenue
$2,597,415
Total Expenses
$2,472,050
Total Assets
$5,071,928
Net Assets
$4,852,228
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
TX
Principal Officer
BOBBY BAZZELL
Phone
9403270700
Tax Period
2025-01-01 to 2025-12-31

NORTH RURAL WATER SUPPLY CORPORATION, founded in 1967, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2025. Expenses of $2.5M left a modest 5% surplus.

Mission

TO PROVIDE LOW COST WATER SERVICE TO THE RURAL RESIDENTS OF NORTHWEST PARKER COUNTY AND EASTERN PALO PINTO COUNTY.

Program Service Accomplishments

Program 1
Expenses: $2,472,050 Revenue: $2,498,042

TO PROVIDE THE RESIDENTS OF NORTHWEST PARKER COUNTY AND EASTERN PALO PINTO COUNTY WITH A LOW COST WATER SUPPLY SYSTEM WHERE MUNICIPAL WATER IS NOT AVAILABLE.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,498,042
Investment Income $69,873
Other Revenue $29,500
TOTAL REVENUE $2,597,415

Expense Breakdown

Grants Paid $0
Salaries & Benefits $277,579
Fundraising Expenses $0
Program Expenses $2,472,050
Other Expenses $2,194,471
TOTAL EXPENSES $2,472,050

Year-over-Year Comparison

2025 2024 Change
Revenue $2,597,415 $2,495,659 +0.0%
Expenses $2,472,050 $2,499,077 0.0%
Net Income $125,365 $-3,418 -37.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
7
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHYLLIS BANKS BOARD MEMBER 1.00
Director
$0 $0 $0
BOBBY BAZZELL PRESIDENT 1.00
Officer Director
$0 $0 $0
APRIL BROWN SECRETARY 1.00
Officer Director
$0 $0 $0
KENNETH FURR BOARD MEMBER 1.00
Director
$0 $0 $0
DENNIS PITT TREASURER 1.00
Officer Director
$0 $0 $0
RANDY RATTO VICE PRESIDE 1.00
Officer Director
$0 $0 $0
GLENDA VALENCIA BOARD MEMBER 1.00
Director
$0 $0 $0
BRANNON ZINN BOARD MEMBER 1.00
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 $2,597,415 $2,472,050 $5,071,928 $125,365
2024 $2,495,659 $2,499,077 $4,850,840 $-3,418
2023 $1,805,120 $1,676,776 $4,819,662 $128,344
2022 $1,714,750 $1,391,129 $4,238,583 $323,621
2021 $1,270,833 $1,157,005 $3,767,697 $113,828
2020 $1,261,620 $1,066,415 $3,586,944 $195,205
2019 $1,114,359 $1,015,099 $3,357,176 $99,260
2018 $1,130,149 $960,203 $3,266,670 $169,946
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