Pickton 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

1966

Legal Domicile

Principal Officer

Dooley Morgan

Phone

9038663000

Tax Period

2025-01-01 to 2025-12-31

Pickton Water Supply Corporation, founded in 1966, is a small nonprofit that reported $192K in total revenue in fiscal year 2025. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $35K, a strong 18% operating margin.

Mission

To provide potable water to members of the unincorporated area of Pickton, Texas.

Program Service Accomplishments

Program 1

Expenses: $157,162 Revenue: $181,636

Expenses related to the provision of potable water to the unincorporated community of Pickton, TX.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $181,636

Investment Income $8,068

Other Revenue $2,750

TOTAL REVENUE $192,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $891

Fundraising Expenses $0

Program Expenses $157,162

Other Expenses $156,271

TOTAL EXPENSES $157,162

Year-over-Year Comparison

	2025	2024	Change
Revenue	$192,454	$239,972	-0.2%
Expenses	$157,162	$150,839	+0.0%
Net Income	$35,292	$89,133	-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
Obie Miller	Director	1.00	Director	$0	$0	$0
Leon Gunn	Secretary	1.00	Officer Director	$0	$0	$0
Dooley Morgan	President	4.00	Officer Director	$0	$0	$0
Robert Watkins	Director	1.00	Director	$0	$0	$0
Levi Barcus	Vice President	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
2025	$192,454	$157,162	$474,004	$35,292
2024	No data	No data	No data	No data
2023	$187,322	$188,525	$349,861	$-1,203
2022	$169,780	$150,919	$351,091	$18,861
2021	$159,019	$138,020	$332,195	$20,999
2020	$138,883	$131,391	$311,184	$7,492
2019	$130,970	$130,910	$303,671	$60
2018	$115,779	$114,193	$303,621	$1,586