LINDALE RURAL WATER SUPPLY CORPORATION (EIN 751498602) - 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

TODD RICHARDSON

Phone

9038823335

Tax Period

2024-01-01 to 2024-12-31

LINDALE RURAL WATER SUPPLY CORPORATION, founded in 1970, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2024. The organization ran a surplus of $1.6M, a strong 31% operating margin.

Mission

TO PROVIDE RURAL WATER SERVICES WITHIN THE DESIGNATED SERVICE AREA.

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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 $4,612,935

Investment Income $221,039

Other Revenue $228,865

TOTAL REVENUE $5,062,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,273,188

Fundraising Expenses $0

Program Expenses $2,542,207

Other Expenses $2,208,520

TOTAL EXPENSES $3,481,708

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,062,839	$5,031,882	+0.0%
Expenses	$3,481,708	$3,337,806	+0.0%
Net Income	$1,581,131	$1,694,076	-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

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
AARON MUNN	Director	2.00	Director	$0	$0	$0
RANDY BATEMAN	Vice President	2.00	Officer Director	$0	$0	$0
TODD RICHARDSON	President	2.00	Officer Director	$0	$0	$0
JEFF DARDEN	Director	2.00	Director	$0	$0	$0
WILLIE DIXON	Director	2.00	Director	$0	$0	$0
JOHN DROBLYN	Director	2.00	Director	$0	$0	$0
MARTIN MAPES	Sec. & Treas.	2.00	Officer Director	$0	$0	$0
JERRAL SEALE	Director	2.00	Director	$0	$0	$0
LOUIE BROWN	Director	0.00	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
2024	$5,062,839	$3,481,708	$23,418,197	$1,581,131
2023	$5,031,882	$3,337,806	$22,314,796	$1,694,076
2022	$5,063,555	$3,167,135	$21,136,068	$1,896,420
2021	$3,603,239	$2,819,082	$19,999,365	$784,157
2020	$3,414,904	$2,598,476	$15,701,283	$816,428
2019	$3,189,229	$2,344,075	$14,975,474	$845,154
2018	$3,059,612	$2,340,665	$14,383,250	$718,947

LINDALE RURAL WATER SUPPLY CORPORATION