PAYNE SPRINGS WATER SUPPLY CORPORATION (EIN 751367969) - 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

1970

Legal Domicile

Principal Officer

CARL POWELL

Phone

9034515300

Tax Period

2024-01-01 to 2024-12-31

PAYNE SPRINGS WATER SUPPLY CORPORATION, founded in 1970, is a small nonprofit that reported $588K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $195K, a strong 33% operating margin.

Mission

TO PROVIDE POTABLE WATER TO RURAL RESIDENTS OF THE PAYNE SPRINGS COMMUNITY.

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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 $0

Program Service Revenue $586,811

Investment Income $0

Other Revenue $1,450

TOTAL REVENUE $588,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,864

Fundraising Expenses $0

Other Expenses $270,386

TOTAL EXPENSES $393,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$588,261	$541,224	+0.1%
Expenses	$393,250	$357,019	+0.1%
Net Income	$195,011	$184,205	+0.1%

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
ROLAND CARSON	DIRECTOR	N/A	Director	$0	$0	$0
CARL POWELL	PRESIDENT	N/A	Officer Director	$0	$0	$0
DAN REYNOLDS	DIRECTOR	N/A	Director	$0	$0	$0
HARRY RIDDLE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ROD WHIDDON	SECRETARY/TR	N/A	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
2024	$588,261	$393,250	$2,052,411	$195,011
2023	$541,224	$357,019	$1,894,362	$184,205
2022	$435,116	$364,113	$1,743,591	$71,003
2021	$439,265	$452,679	$1,705,628	$-13,414
2020	$378,170	$383,568	$1,584,760	$-5,398
2019	$324,725	$390,074	$1,257,522	$-65,349
2018	$290,823	$321,699	$1,334,687	$-30,876

PAYNE SPRINGS WATER SUPPLY CORPORATION