MARTIN SPRINGS WATER SUPPLY CORP

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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.

Program Service Accomplishments

Program 1

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%)

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

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
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