FOREST WATER SUPPLY CORPORATION

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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

Principal Officer

JOSH DEW

Phone

9368674118

Tax Period

2024-01-01 to 2024-12-31

FOREST WATER SUPPLY CORPORATION, founded in 1966, is a small nonprofit that reported $128K in total revenue in fiscal year 2024. Expenses of $162K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE MISSION OF FOREST WATER IS TO PROVIDE WATER TO APPROXIMATELY 200 METER SUBSCRIBERS IN THE RURAL COMMUNITY OF FOREST IN CHEROKEE COUNTY TEXAS.

Program Service Accomplishments

Program 1

Expenses: $161,579 Revenue: $128,289

THE COMPANY PROVIDED WATER TO APPROXIMATELY 200 METER SUBSCRIBERS DURING THE YEAR.

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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 $128,198

Investment Income $91

Other Revenue $0

TOTAL REVENUE $128,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,580

Fundraising Expenses $0

Program Expenses $161,579

Other Expenses $143,999

TOTAL EXPENSES $161,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,289	$127,353	+0.0%
Expenses	$161,579	$160,259	+0.0%
Net Income	$-33,290	$-32,906	+0.0%

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
JOSH DEW	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
BRIAN GROGAN	SECRETARY TREASURER	5.00	Officer Director	$0	$0	$0
KENT MARTIN	PRESIDENT	5.00	Officer Director	$0	$0	$0
JASON COLLIE	DIRECTOR	1.00	Director	$0	$0	$0
RANDY HARRIS	DIRECTOR	1.00	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	$128,289	$161,579	$1,242,177	$-33,290
2023	$127,353	$160,259	$1,132,760	$-32,906
2022	$128,818	$153,360	$1,179,689	$-24,542
2021	$134,342	$159,793	$1,210,958	$-25,451
2020	$123,263	$147,804	$1,245,628	$-24,541
2019	$141,705	$136,355	$1,282,198	$5,350
2018	$131,614	$137,736	$1,286,072	$-6,122