GOODSPRINGS WATER SUPPLY CORPORATION

EIN: 751577883 Food, Agriculture & Nutrition

HENDERSON, TX

Total Revenue
$883,695
Total Expenses
$782,943
Total Assets
$3,999,651
Net Assets
$3,103,927
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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
TX
Phone
9036462851
Tax Period
2024-01-01 to 2024-12-31

GOODSPRINGS WATER SUPPLY CORPORATION, founded in 1965, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $884K in total revenue in fiscal year 2024. Expenses of $783K left a modest 11% surplus.

Mission

SUPPLY POTABLE WATER TO RURAL RESIDENTS OF THE GOODSPRINGS COMMUNITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $872,248
Investment Income $11,391
Other Revenue $56
TOTAL REVENUE $883,695

Expense Breakdown

Grants Paid $0
Salaries & Benefits $278,108
Fundraising Expenses $0
Other Expenses $504,835
TOTAL EXPENSES $782,943

Year-over-Year Comparison

2024 2023 Change
Revenue $883,695 $906,502 0.0%
Expenses $782,943 $715,200 +0.1%
Net Income $100,752 $191,302 -0.5%
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
4
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES KEITH Director 0.00
Director
$0 $0 $0
MARK STEVEN NICHOLS President 1.00
Officer Director
$0 $0 $0
KAREN HOLLAND Vice President 1.00
Officer Director
$0 $0 $0
TRAVIS STUART Secretary/Treas 1.00
Director
$0 $0 $0
BRETT CROSS Director 0.00
Director
$0 $0 $0
TONY CAVALIERE Director 1.00
Officer Director
$0 $0 $0
JEFF HARMAN 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
2024 $883,695 $782,943 $3,999,651 $100,752
2023 $906,502 $715,200 $3,945,993 $191,302
2022 $819,107 $706,051 $3,769,982 $113,056
2021 $714,948 $617,001 $3,710,489 $97,947
2020 $627,437 $604,815 $3,617,033 $22,622
2019 $565,511 $645,760 $3,605,449 $-80,249
2018 $522,859 $565,645 $3,706,424 $-42,786
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