Sharon Water Supply Corporation (EIN 751640781) - 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

1972

Legal Domicile

Phone

9033423525

Tax Period

2024-01-01 to 2024-12-31

Sharon Water Supply Corporation, founded in 1972, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $516K, a strong 19% operating margin.

Mission

TO PROVIDE POTABLE WATER TO ITS MEMBERS LOCATED IN NORTHEAST TEXAS NEAR WINNSBORO

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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 $2,613,358

Investment Income $32,522

Other Revenue $0

TOTAL REVENUE $2,645,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $787,035

Fundraising Expenses $0

Program Expenses $2,130,174

Other Expenses $1,343,139

TOTAL EXPENSES $2,130,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,645,880	$2,355,310	+0.1%
Expenses	$2,130,174	$2,067,162	+0.0%
Net Income	$515,706	$288,148	+0.8%

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
Tony Warren	Director	1.00	Director	$0	$0	$0
Eric Gambrel	Director	1.00	Director	$0	$0	$0
Bennie Cowser	Director	1.00	Director	$0	$0	$0
Richard Brewer	Director	1.00	Director	$0	$0	$0
Jeff Zimmerman	Director	1.00	Director	$0	$0	$0
Gary Nettleton	Director	1.00	Director	$0	$0	$0
Hunter Hutto	Vice President	2.00	Officer Director	$0	$0	$0
David LeBarron	President	4.00	Officer Director	$0	$0	$0
Daniel Miller	SecTreasure	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	$2,645,880	$2,130,174	$6,042,408	$515,706
2023	$2,355,310	$2,067,162	$5,637,015	$288,148
2022	$2,171,872	$2,088,935	$5,387,721	$82,937
2021	$1,927,491	$2,065,706	$5,485,251	$-138,215
2020	$1,850,381	$2,036,486	$5,720,486	$-186,105
2019	$1,790,355	$1,959,731	$5,933,919	$-169,376
2018	$1,825,288	$1,938,870	$6,154,196	$-113,582

Sharon Water Supply Corporation