PALO PINTO WATER SUPPLY CORPORATION (EIN 751298544) - 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

1968

Legal Domicile

Principal Officer

Larissa F BARRINGTON

Phone

9405582700

Tax Period

2024-01-01 to 2024-12-31

PALO PINTO WATER SUPPLY CORPORATION, founded in 1968, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 628% from the prior year, signaling strong growth momentum. The organization ran a surplus of $612K, a strong 45% operating margin.

Mission

PROVIDE POTABLE DRINKING WATER TO THE CORPORATIONS RURAL MEMBERSHIP

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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 $226,494

Program Service Revenue $1,086,102

Investment Income $39,863

Other Revenue $0

TOTAL REVENUE $1,352,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,788

Fundraising Expenses $0

Program Expenses $688,409

Other Expenses $668,888

TOTAL EXPENSES $740,676

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,352,459	$185,882	+6.3%
Expenses	$740,676	$191,732	+2.9%
Net Income	$611,783	$-5,850	-105.6%

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
JAMES J WALKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROGER ROBERSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
Larissa Barrington	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CODY CLOUD	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA BRYANT	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
2024	$1,352,459	$740,676	$3,077,999	$611,783
2021	$353,574	$337,024	$1,090,107	$16,550

PALO PINTO WATER SUPPLY CORPORATION