MARTIN SPRINGS WATER SUPPLY CORP

EIN: 751729736

COMO, TX

Total Revenue
$1,026,551
Total Expenses
$1,025,970
Total Assets
$2,182,227
Net Assets
$1,831,502
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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
Principal Officer
JULIE PERRY
Phone
9034883835
Tax Period
2023-01-01 to 2023-12-31

MARTIN SPRINGS WATER SUPPLY CORP, founded in 1966, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023.

Mission

TO PROVIDE AFFORDABLE WATER TO THE UNINCORPORATED COMMUNITY OF MARTIN SPRINGS, 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $37,054
Program Service Revenue $988,374
Investment Income $1,123
Other Revenue $0
TOTAL REVENUE $1,026,551

Expense Breakdown

Grants Paid $0
Salaries & Benefits $547,342
Fundraising Expenses $0
Other Expenses $478,628
TOTAL EXPENSES $1,025,970

Year-over-Year Comparison

2023 2022 Change
Revenue $1,026,551 $975,826 +0.1%
Expenses $1,025,970 $1,366,290 -0.2%
Net Income $581 $-390,464 -1.0%
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

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Governance

Voting Members
5
Independent Members
5
Employees
7
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE HARMAN SECRETARY - N/A
Officer Director
$0 $0 $0
JUNIOR HINTON BOARD MEMBER N/A
Director
$0 $0 $0
DEAN HOWLE PRESIDENT N/A
Officer Director
$0 $0 $0
ROY KING VICE PRESIDE N/A
Officer Director
$0 $0 $0
JERRY MILLER BOARD MEMBER N/A
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 $1,026,551 $1,025,970 $2,182,227 $581
2022 $975,826 $1,366,290 $2,198,049 $-390,464
2021 $829,991 $1,004,910 $1,821,041 $-174,919
2020 $770,119 $774,285 $1,801,835 $-4,166
2019 $707,859 $704,780 $1,790,666 $3,079
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