BRASHEAR WATER SUPPLY CORPORATION (EIN 751968469) - 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

1967

Legal Domicile

Principal Officer

RICKY BUNCH

Phone

9035822670

Tax Period

2024-01-01 to 2024-12-31

BRASHEAR WATER SUPPLY CORPORATION, founded in 1967, is a small nonprofit that reported $523K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $506K left a modest 3% surplus.

Mission

TO PROVIDE WATER TO THE UNINCORPORATED COMMUNITY OF BRASHEAR, 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 $504,220

Investment Income $16,219

Other Revenue $2,590

TOTAL REVENUE $523,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,289

Fundraising Expenses $0

Program Expenses $435,398

Other Expenses $400,448

TOTAL EXPENSES $505,737

Year-over-Year Comparison

	2024	2023	Change
Revenue	$523,029	$464,103	+0.1%
Expenses	$505,737	$522,537	0.0%
Net Income	$17,292	$-58,434	-1.3%

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	Role	Reportable Comp	Other Comp	Total
RICKY BUNCH	President	Officer Director	$0	$0	$0
GERALD GARNER	Vice President	Officer Director	$0	$0	$0
HUGH PETTIGREW JR	Director	Director	$0	$0	$0
CHUCK VITITOW	Secretary	Officer Director	$0	$0	$0
TOM YOUNG	Director	Director	$0	$0	$0
MICKEY BARKER	Director	Director	$0	$0	$0
SCOTTY STEWART	Director	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	$523,029	$505,737	$1,457,645	$17,292
2023	$464,103	$522,537	$1,485,160	$-58,434
2022	$433,251	$514,272	$1,528,621	$-81,021
2021	$383,242	$436,296	$1,610,992	$-53,054
2020	$377,364	$406,764	$1,654,032	$-29,400
2019	$353,173	$371,497	$1,688,714	$-18,324

BRASHEAR WATER SUPPLY CORPORATION