Blackjack 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

1981

Legal Domicile

Principal Officer

Kenneth Welch

Phone

9039262159

Tax Period

2025-01-01 to 2025-12-31

Blackjack Water Supply Corporation, founded in 1981, is a small nonprofit that reported $212K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. Expenses of $190K left a modest 10% surplus.

Mission

To provide safe and potable water to residents outside of municipal water systems.

Program Service Accomplishments

Program 1

Provide water to rural water customers

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $195,836

Investment Income $15,739

Other Revenue $0

TOTAL REVENUE $211,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $189,803

TOTAL EXPENSES $189,803

Year-over-Year Comparison

	2025	2024	Change
Revenue	$211,575	$229,274	-0.1%
Expenses	$189,803	$236,541	-0.2%
Net Income	$21,772	$-7,267	-4.0%

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

N/A

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
Kenneth Welch	President	2.00	Officer Director	$0	$0	$0
Justin Cavitt	Vice President	1.00	Officer Director	$0	$0	$0
Joe Ed Morris	Secretary	1.00	Officer Director	$0	$0	$0
Joe Taylor	Treasurer	1.00	Officer 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	$211,575	$189,803	$950,085	$21,772
2024	No data	No data	No data	No data
2023	$218,565	$188,636	$924,358	$29,929
2022	$213,015	$177,983	$909,612	$35,032
2021	$211,656	$165,368	$874,680	$46,288
2020	$198,976	$166,900	$828,325	$32,076
2019	$187,559	$155,852	$795,770	$31,707
2018	$194,188	$152,652	$762,765	$41,536