Bitter Creek Water Supply Corporation (EIN 751366227) - 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

Phone

3252354919

Tax Period

2022-01-01 to 2022-12-31

Bitter Creek Water Supply Corporation, founded in 1968, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

Rural Water Supply - Supplying water to a large area in rural west 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,335

Investment Income $437

Other Revenue $1,480,907

TOTAL REVENUE $1,503,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,197

Fundraising Expenses $0

Program Expenses $1,538,489

Other Expenses $1,381,292

TOTAL EXPENSES $1,538,489

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,503,679	$1,280,066	+0.2%
Expenses	$1,538,489	$1,647,203	-0.1%
Net Income	$-34,810	$-367,137	-0.9%

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
Nathan Kelley	Director	1.00	Director	$0	$0	$0
Ian Schafer	Director	1.00	Director	$0	$0	$0
Scott Lambert	Director	1.00	Director	$0	$0	$0
Joel Culwell	Treasurer	1.00	Officer Director	$0	$0	$0
Tommy Bibb	Vice President	1.00	Officer Director	$0	$0	$0
Jeff Posey	President	1.00	Officer Director	$0	$0	$0
Randy Merket	Director	1.00	Director	$0	$0	$0
Chuck Harvey	Director	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
2022	$1,503,679	$1,538,489	$6,607,539	$-34,810
2021	$1,280,066	$1,647,203	$6,758,889	$-367,137
2020	$1,072,371	$1,485,659	$7,195,548	$-413,288

Bitter Creek Water Supply Corporation