Cornersville Water Supply Co (EIN 751729733) - 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

Principal Officer

Rickey Reneau

Phone

9038663000

Tax Period

2025-01-01 to 2025-12-31

Cornersville Water Supply Co, founded in 1969, is a small nonprofit that reported $356K in total revenue in fiscal year 2025. Revenue decreased 16% compared to the prior year. Expenses of $330K left a modest 7% surplus.

Mission

To provide potable water to the unincorporated rural community of Cornersville, 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 $308,141

Investment Income $3,182

Other Revenue $44,309

TOTAL REVENUE $355,632

Expense Breakdown

Grants Paid $2,400

Salaries & Benefits $100,283

Fundraising Expenses $0

Program Expenses $330,323

Other Expenses $227,640

TOTAL EXPENSES $330,323

Year-over-Year Comparison

	2025	2024	Change
Revenue	$355,632	$423,069	-0.2%
Expenses	$330,323	$317,134	+0.0%
Net Income	$25,309	$105,935	-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
Rickey Reneau	President	4.00	Officer Director	$0	$0	$0
Shane Nichols	Vice President	1.00	Officer Director	$0	$0	$0
Matt Mabry	Secretary	1.00	Officer Director	$0	$0	$0
Mike Ellison	Director	1.00	Director	$0	$0	$0
JD Acker	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
2025	$355,632	$330,323	$524,990	$25,309
2024	No data	No data	No data	No data
2023	$310,485	$303,277	$387,077	$7,208
2022	$301,043	$259,497	$385,390	$41,546
2021	$266,824	$237,578	$374,861	$29,246
2020	$253,060	$283,724	$374,053	$-30,664
2019	$244,123	$186,711	$431,681	$57,412
2018	$249,866	$214,249	$400,711	$35,617

Cornersville Water Supply Co