Rice Water Supply and Sewer Service (EIN 751577081) - 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

1959

Legal Domicile

Principal Officer

Chris Mecom

Phone

9033265551

Tax Period

2024-01-01 to 2024-12-31

Rice Water Supply and Sewer Service, founded in 1959, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

Provide Water for Rice, Texas and surrounding rural areas.

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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 $3,517,345

Investment Income $0

Other Revenue $54,430

TOTAL REVENUE $3,571,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $752,971

Fundraising Expenses $0

Program Expenses $3,309,286

Other Expenses $2,969,749

TOTAL EXPENSES $3,722,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,571,775	$3,771,080	-0.1%
Expenses	$3,722,720	$3,229,245	+0.2%
Net Income	$-150,945	$541,835	-1.3%

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

$281,014

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joey Smith	General Manager	40.00	Officer	$159,964	$13,331	$173,295
Ada Garza	Office Manager	40.00	Officer	$94,388	$13,331	$107,719
Matt Newman	Director	2.00	Director	$0	$0	$0
Bernard Martinek	Director	2.00	Director	$0	$0	$0
Terry Evans	Director	2.00	Director	$0	$0	$0
Chris Mecom	SecretaryTreasurer	2.00	Officer Director	$0	$0	$0
Greg Sellers	Vice-President	2.00	Officer Director	$0	$0	$0
Tony Vitovsky	President	2.00	Officer 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
2024	$3,571,775	$3,722,720	$8,265,677	$-150,945
2023	$3,771,080	$3,229,245	$8,417,586	$541,835
2022	$3,323,580	$2,940,621	$7,941,084	$382,959
2021	$3,028,063	$2,668,592	$7,530,885	$359,471
2020	$2,841,464	$2,666,378	$7,228,436	$175,086
2019	$2,788,413	$2,590,224	$7,104,331	$198,189
2018	$2,448,818	$2,415,878	$6,937,623	$32,940

Rice Water Supply and Sewer Service