MILLER GROVE WATER SUPPLY (EIN 752229551) - 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

1968

Legal Domicile

Principal Officer

ERIC MABE

Phone

9034593383

Tax Period

2024-12-01 to 2025-11-30

MILLER GROVE WATER SUPPLY, founded in 1968, is a small nonprofit that reported $457K in total revenue in fiscal year 2024. Expenses of $574K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE ORGANIZATION PROVIDES POTABLE WATER TO APPROXIMATELY 600 CUSTOMERS IN THE NORTHEAST TEXAS AREA.

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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 $433,989

Investment Income $2,653

Other Revenue $20,440

TOTAL REVENUE $457,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,684

Fundraising Expenses $0

Program Expenses $454,908

Other Expenses $428,517

TOTAL EXPENSES $574,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$457,082	N/A	N/A
Expenses	$574,201	$456,767	+0.3%
Net Income	$-117,119	$-456,767	-0.7%

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
ERIC MABE	PRESIDENT	Director	$0	$0	$0
LEWIS RUSSELL	DIRECTOR	Director	$0	$0	$0
BRIAN LENNON	SECRETARY/TREASURER	Director	$0	$0	$0
MIKE HASTEN	VICE PRESIDENT	Director	$0	$0	$0
RYAN CLAXTON	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
2025	$457,082	$574,201	$1,474,222	$-117,119
2024	$527,776	$456,767	$1,579,915	$71,009
2023	$540,995	$519,561	$1,510,977	$21,434
2022	$467,706	$363,667	$1,490,038	$104,039
2021	$335,087	$283,759	$1,373,706	$51,328
2020	$317,241	$223,531	$1,311,995	$93,710
2019	$320,194	$233,882	$1,209,241	$86,312
2018	$311,567	$228,492	$1,116,182	$83,075

MILLER GROVE WATER SUPPLY