Lake Fork Water Supply Corporation

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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

1976

Legal Domicile

Principal Officer

Keith Gilbreath

Tax Period

2019-01-01 to 2019-12-31

Lake Fork Water Supply Corporation, founded in 1976, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2019.

Mission

To provide water services to the rural areas near the city of Yantis, TX and Lake Fork, TX.

Program Service Accomplishments

Program 1

Expenses: $1,099,665 Revenue: $1,031,797

Provide quality water to our rural 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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,031,797

Investment Income $3,336

Other Revenue $0

TOTAL REVENUE $1,035,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $442,152

Fundraising Expenses $0

Program Expenses $1,099,665

Other Expenses $657,513

TOTAL EXPENSES $1,099,665

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,035,133	$1,059,242	0.0%
Expenses	$1,099,665	$1,007,998	+0.1%
Net Income	$-64,532	$51,244	-2.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keith Gilbreath	President	2.00	Officer Director	$0	$0	$0
Mickey DeLamar	Vice President	1.00	Officer Director	$0	$0	$0
Gary Watson	SecretaryTreasurer	2.00	Officer Director	$0	$0	$0
Quin H Marston Jr	Assistant Secretary	1.00	Officer Director	$0	$0	$0
Jerry McCord	Director	1.00	Director	$0	$0	$0
Ken Stribley	Director	1.00	Director	$0	$0	$0
Robert Fisher	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
2019	$1,035,133	$1,099,665	$3,586,501	$-64,532
2018	$1,059,242	$1,007,998	$3,840,324	$51,244