MILLSAP WATER SUPPLY CORPORATION (EIN 756036958) - 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

1983

Legal Domicile

Principal Officer

JAMIE FRENCH

Phone

9406824416

Tax Period

2023-12-01 to 2024-11-30

MILLSAP WATER SUPPLY CORPORATION, founded in 1983, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.0M left a modest 13% surplus.

Mission

TO PROVIDE LOW COST RURAL WATER WHERE MUNICIPAL WATER IS NOT AVAILABLE.

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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 $0

Program Service Revenue $1,083,014

Investment Income $725

Other Revenue $93,443

TOTAL REVENUE $1,177,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,214

Fundraising Expenses $0

Program Expenses $1,018,806

Other Expenses $911,592

TOTAL EXPENSES $1,018,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,177,182	$1,205,717	0.0%
Expenses	$1,018,806	$619,455	+0.6%
Net Income	$158,376	$586,262	-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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG BARBER	MEMBER	1.00	Director	$0	$0	$0
STEVEN CHUHALOFF	MEMBER	1.00	Director	$0	$0	$0
RONALD J SCHECK	MEMBER	1.00	Director	$0	$0	$0
JAMIE FRENCH	PRESIDENT	1.00	Officer	$0	$0	$0
JASON MATTHEWS	SEC./TREAS.	1.00	Officer	$0	$0	$0
JASON SCHRICK	VICE PRES.	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	$1,177,182	$1,018,806	$2,161,804	$158,376
2023	$1,205,717	$619,455	$1,906,783	$586,262
2022	$758,432	$613,255	$1,284,505	$145,177
2021	$481,148	$474,103	$1,073,791	$7,045
2020	$421,474	$396,523	$998,730	$24,951
2019	$418,627	$370,366	$963,122	$48,261

MILLSAP WATER SUPPLY CORPORATION