WALNUT GROVE WATER SUPPLY CORPORAT… - Form 990 Financial Data

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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

1975

Legal Domicile

Principal Officer

ROB TRIMBLE III

Phone

9038394372

Tax Period

2023-01-01 to 2023-12-31

WALNUT GROVE WATER SUPPLY CORPORATION, founded in 1975, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. The organization ran a surplus of $522K, a strong 22% operating margin.

Mission

WALNUT GROVE WATER SUPPLY CORPORATION PROVIDES TREATED WATER SERVICES TO MEMBERS WHO ARE LOCATED IN RURAL SMITH COUNTY AND WHO ARE ALSO OUTSIDE LOCAL CITY UTILITY DISTRICTS.

Program Service Accomplishments

Program 1

Expenses: $1,784,121 Revenue: $2,334,683

PROVIDE TREATED WATER TO APPROXIMATELY 9100 PEOPLE

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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 $2,334,683

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,334,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,784,121

Other Expenses $1,813,004

TOTAL EXPENSES $1,813,004

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,334,683	$2,227,898	+0.0%
Expenses	$1,813,004	$1,868,009	0.0%
Net Income	$521,679	$359,889	+0.4%

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

N/A

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
JOHN FOWLER	DIRECTOR	5.00	Director	$0	$0	$0
ROB TRIMBLE III	PRESIDENT	5.00	Officer Director	$0	$0	$0
BILLY MOSS	TREASURER	5.00	Director	$0	$0	$0
JIM DURRETT	SECRETARY	5.00	Officer Director	$0	$0	$0
MILLETTE STROUD	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
WAYNE GLASCO	DIRECTOR	5.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,334,683	$1,813,004	$9,623,118	$521,679
2022	$2,227,898	$1,868,009	$9,065,958	$359,889
2021	$1,949,341	$1,690,432	$8,690,665	$258,909
2020	$2,062,359	$1,619,217	$8,372,213	$443,142
2019	$1,926,352	$1,542,171	$7,917,849	$384,181
2018	$1,941,024	$1,475,120	$7,524,145	$465,904

WALNUT GROVE WATER SUPPLY CORPORATION