MORTON VALLEY WATER SUPPLY CORP

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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

1966

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

MORTON VALLEY WATER SUPPLY CORP, founded in 1966, is a small nonprofit that reported $248K in total revenue in fiscal year 2023. Expenses of $303K exceeded revenue, resulting in a 22% operating deficit.

Mission

RURAL WATER DISTRIBUTION

Program Service Accomplishments

Program 1

Expenses: $303,425

MORTON VALLEY WATER CORP SERVES APPROXIMATELY 250 CUSTOMERS IN AND AROUND THE RURUAL COMMUNITY OF MORTON VALLEY TEXAS. NONE OF THE CUSTOMERS HAVE THE ABILITY TO RECEIVE DRINKING WATER EXCEPT THROUGH...

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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 $23,150

Investment Income $565

Other Revenue $224,260

TOTAL REVENUE $247,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,510

Fundraising Expenses $0

Program Expenses $303,425

Other Expenses $224,915

TOTAL EXPENSES $303,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$247,975	N/A	N/A
Expenses	$303,425	N/A	N/A
Net Income	$-55,450	N/A	N/A

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	Role	Reportable Comp	Other Comp	Total
KENNETH SEYMOUR	DIRECTOR	Officer	$0	$0	$0
TERRY LOVE	DIRECTOR	Officer	$0	$0	$0
BILL MOSLEY	DIRECTOR	Officer	$0	$0	$0
GLENN CLARK	PRESIDENT	Officer	$0	$0	$0
SCOTT TAYLOR	VICE PRESIDENT	Officer	$0	$0	$0
MIRANDA MCINTIRE	SECRETARY	Officer	$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
2023	$247,975	$303,425	$3,232,216	$-55,450
2022	$358,416	$372,094	$3,329,686	$-13,678
2021	$596,417	$237,579	$3,380,376	$358,838
2020	$1,188,768	$189,578	$3,254,849	$999,190
2019	$189,912	$156,986	$1,670,407	$32,926
2018	$318,745	$138,264	$614,093	$180,481