Ramey Water Supply Corporation (EIN 751394306) - 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

Tax Period

2023-01-01 to 2023-12-31

Ramey Water Supply Corporation, founded in 1970, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

Providing water services to the rural aresas north and west of the city of Mineola, 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,637,085

Investment Income $14,210

Other Revenue $25,168

TOTAL REVENUE $1,676,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $608,738

Fundraising Expenses $0

Program Expenses $1,676,881

Other Expenses $1,068,143

TOTAL EXPENSES $1,676,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,676,463	$1,882,850	-0.1%
Expenses	$1,676,881	$1,498,489	+0.1%
Net Income	$-418	$384,361	-1.0%

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

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
Earl Routh	Director	1.00	Director	$0	$0	$0
Joe Daniels	Director	1.00	Director	$0	$0	$0
Glen Burgin	Director	1.00	Director	$0	$0	$0
Silvia Reyes	Director	1.00	Director	$0	$0	$0
Robert Spann	President	2.00	Officer Director	$0	$0	$0
Ed Donnelly	Secretary	1.00	Officer Director	$0	$0	$0
Waymon Ragsdale	Vice President	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
2024	No data	No data	No data	No data
2023	$1,676,463	$1,676,881	$5,897,841	$-418
2022	$1,882,850	$1,498,489	$5,743,153	$384,361
2021	$1,471,487	$1,431,844	$5,009,600	$39,643
2020	$1,259,874	$1,245,193	$4,398,375	$14,681
2019	$1,277,310	$1,157,142	$3,137,113	$120,168
2018	$1,153,211	$978,562	$2,761,817	$174,649

Ramey Water Supply Corporation