MORTON VALLEY WATER SUPPLY CORP

EIN: 751534246

EASTLAND, TX

Total Revenue
$247,975
Total Expenses
$303,425
Total Assets
$3,232,216
Net Assets
$1,697,973
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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
TX
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

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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 (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

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Governance

Voting Members
7
Independent Members
7
Employees
9
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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH SEYMOUR DIRECTOR 0.00
Officer
$0 $0 $0
TERRY LOVE DIRECTOR 0.00
Officer
$0 $0 $0
BILL MOSLEY DIRECTOR 0.00
Officer
$0 $0 $0
GLENN CLARK PRESIDENT 0.00
Officer
$0 $0 $0
SCOTT TAYLOR VICE PRESIDENT 0.00
Officer
$0 $0 $0
MIRANDA MCINTIRE SECRETARY 0.00
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
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