OAK GROVE TEXAS WATER SUPPLY CORPORATION (EIN 751638226) - 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

1969

Legal Domicile

Phone

9729324223

Tax Period

2023-01-01 to 2023-12-31

OAK GROVE TEXAS WATER SUPPLY CORPORATION, founded in 1969, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $402K in total revenue in fiscal year 2023. Expenses of $366K left a modest 9% surplus.

Mission

TO PROVIDE WATER TO RURAL AREA MEMBERS

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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 $393,674

Investment Income $8,657

Other Revenue $0

TOTAL REVENUE $402,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,660

Fundraising Expenses $0

Program Expenses $317,370

Other Expenses $329,133

TOTAL EXPENSES $365,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$402,331	$374,855	+0.1%
Expenses	$365,793	$282,473	+0.3%
Net Income	$36,538	$92,382	-0.6%

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
JERRY HEDRICK	President	3.00	Officer Director	$0	$0	$0
BRIAN CHAMBERS	Vice President	1.00	Officer Director	$0	$0	$0
JORDAN CHAMBERS	Director	1.00	Director	$0	$0	$0
JOE HEATHER	Director	1.00	Director	$0	$0	$0
SUELLA DEAN	SECRETARY/TREAS	1.00	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	No data	No data	No data	No data
2023	$402,331	$365,793	$1,305,330	$36,538
2022	$374,855	$282,473	$1,235,035	$92,382
2021	$284,259	$248,922	$1,136,953	$35,337
2020	$305,720	$225,026	$1,101,616	$80,694
2019	$285,524	$224,674	$1,011,068	$60,850
2018	$273,541	$236,368	$947,368	$37,173

OAK GROVE TEXAS WATER SUPPLY CORPORATION