JONES WATER SUPPLY CORPORATION (EIN 751565541) - 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

1965

Legal Domicile

Principal Officer

William Prague

Phone

9039672840

Tax Period

2023-01-01 to 2023-12-31

JONES WATER SUPPLY CORPORATION, founded in 1965, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 8% surplus.

Mission

To provide water services to the rural communities surrounding Quitman, Tx.

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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 $1,508,630

Investment Income $6,714

Other Revenue $0

TOTAL REVENUE $1,515,344

Expense Breakdown

Grants Paid $0

Salaries & Benefits $735,906

Fundraising Expenses $0

Other Expenses $651,799

TOTAL EXPENSES $1,387,705

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,515,344	$1,454,237	+0.0%
Expenses	$1,387,705	$1,365,953	+0.0%
Net Income	$127,639	$88,284	+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

N/A

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

$1,050

Total Directors

$3,225

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Prague	Director	2.00	Officer Director	$375	$0	$375
Richard Roberts	Director	1.00	Officer Director	$375	$0	$375
Betty Wilson	Director	1.00	Officer Director	$300	$0	$300
David Moore	Director	1.00	Director	$375	$0	$375
Linda Lee	Director	1.00	Director	$375	$0	$375
Harold Gilbreath	Director	1.00	Director	$300	$0	$300
Charles Smith	Director	1.00	Director	$375	$0	$375
Brenda Hunter	Director	1.00	Director	$375	$0	$375
Dorma Shields	Director	1.00	Director	$375	$0	$375

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	No data	No data	No data	No data
2023	$1,515,344	$1,387,705	$4,385,947	$127,639
2022	$1,454,237	$1,365,953	$4,628,185	$88,284
2021	$1,186,611	$1,207,734	$4,602,163	$-21,123
2020	$1,176,649	$1,152,494	$4,694,236	$24,155

JONES WATER SUPPLY CORPORATION