South Sabine Water Supply Corp (EIN 751848503) - 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

1982

Legal Domicile

Phone

4095794185

Tax Period

2023-01-01 to 2023-12-31

South Sabine Water Supply Corp, founded in 1982, is a small nonprofit that reported $622K in total revenue in fiscal year 2023. Expenses of $531K left a modest 15% surplus.

Mission

Provide water supply to its members in and around the rural community.

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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 $3,000

Program Service Revenue $613,443

Investment Income $5,419

Other Revenue $0

TOTAL REVENUE $621,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $316,420

Fundraising Expenses $0

Program Expenses $530,601

Other Expenses $214,180

TOTAL EXPENSES $530,600

Year-over-Year Comparison

	2023	2022	Change
Revenue	$621,862	$605,845	+0.0%
Expenses	$530,600	$462,518	+0.1%
Net Income	$91,262	$143,327	-0.4%

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

924

Independent Members

924

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
Charles Rhodes	Member	1.00	Director	$0	$0	$0
Landon Dunlap	Member	1.00	Director	$0	$0	$0
Steve Gray	President	1.00	Officer	$0	$0	$0
John Chiboroski	Treasurer	1.00	Officer	$0	$0	$0
Curtis Buckner	Vice President	1.00	Officer	$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	$621,862	$530,600	$1,366,880	$91,262
2022	$605,845	$462,518	$1,232,002	$143,327
2021	$526,599	$504,688	$1,060,516	$21,911
2019	$460,653	$451,224	$1,000,057	$9,429
2018	$428,411	$419,706	$992,895	$8,705

South Sabine Water Supply Corp