GILL WATER SUPPLY CORPORATION (EIN 751846873) - 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

1976

Legal Domicile

Phone

9039300561

Tax Period

2024-01-01 to 2024-12-31

GILL WATER SUPPLY CORPORATION, founded in 1976, is a small nonprofit that reported $463K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94K, a strong 20% operating margin.

Mission

The corporation is a rural water supply that provides water for the residents and businesses of south Harrison County and north Panola County in the state of Texas.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $414,546

Investment Income $48,679

Other Revenue $0

TOTAL REVENUE $463,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $368,890

TOTAL EXPENSES $368,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$463,225	$385,133	+0.2%
Expenses	$368,890	$380,628	0.0%
Net Income	$94,335	$4,505	+19.9%

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

N/A

Volunteers

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

$11,621

Total Directors

$11,621

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doug Dotson	President and Director	2.00	Officer Director	$0	$0	$0
Ned Calvert	Secretary-Treasurer and Director	2.00	Officer Director	$11,621	$0	$11,621
Gene Parker	Director	1.00	Director	$0	$0	$0
Roger Woods	Director	1.00	Director	$0	$0	$0
Jana Ellenberg	Director	1.00	Director	$0	$0	$0
Joe Cox	Director	1.00	Director	$0	$0	$0
Matt Garrett	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
2024	$463,225	$368,890	$1,868,077	$94,335
2023	$385,133	$380,628	$1,803,645	$4,505
2022	$454,767	$337,538	$1,766,109	$117,229
2020	$302,865	$304,542	$1,868,650	$-1,677

GILL WATER SUPPLY CORPORATION