CORINTH WATER SUPPLY CORPORATION

EIN: 751381619

GRAND SALINE, TX

Total Revenue
$271,066
Total Expenses
$249,479
Total Assets
$1,453,962
Net Assets
$818,515
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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
1972
Legal Domicile
TX
Principal Officer
SANDY CURREY
Phone
9037520821
Tax Period
2025-01-01 to 2025-12-31

CORINTH WATER SUPPLY CORPORATION, founded in 1972, is a small nonprofit that reported $271K in total revenue in fiscal year 2025. Expenses of $249K left a modest 8% surplus.

Mission

RURAL WATER SUPPLY CORPORATION

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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 $268,770
Investment Income $2,296
Other Revenue $0
TOTAL REVENUE $271,066

Expense Breakdown

Grants Paid $0
Salaries & Benefits $21,488
Fundraising Expenses $0
Other Expenses $227,991
TOTAL EXPENSES $249,479

Year-over-Year Comparison

2025 2024 Change
Revenue $271,066 $273,647 0.0%
Expenses $249,479 $286,033 -0.1%
Net Income $21,587 $-12,386 -2.7%
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

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Governance

Voting Members
5
Independent Members
5
Employees
1
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANDY CURREY PRESIDENT N/A
Officer Director
$0 $0 $0
TOMMY DAVIS DIRECTOR N/A
Director
$0 $0 $0
JERRY LEWIS DIRECTOR N/A
Director
$0 $0 $0
JOHNNY RAY MORGAN VICE PRESIDE N/A
Officer Director
$0 $0 $0
JIMMY SEWELL SECRETARY 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
2025 $271,066 $249,479 $1,453,962 $21,587
2024 $273,647 $286,033 $1,272,584 $-12,386
2023 $270,976 $194,295 $1,301,996 $76,681
2022 $283,854 $282,721 $1,241,631 $1,133
2021 $179,071 $202,120 $1,256,136 $-23,049
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