BUTLER WATER SUPPLY CORPORATION (EIN 756047777) - 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

1965

Legal Domicile

Principal Officer

BILLIE J JARMON JR

Phone

9033897786

Tax Period

2025-01-01 to 2025-12-31

BUTLER WATER SUPPLY CORPORATION, founded in 1965, is a small nonprofit that reported $491K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

The corporation was formed for the purpose of furnishing a water supply for general farm use and domestic purposes to individuals residing in the rural community of Butler, TX and the surrounding rural areas. Business is transacted in the Butler Community in Freestone County, TX. and surrounding

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $467,354

Investment Income $24,033

Other Revenue $0

TOTAL REVENUE $491,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,348

Fundraising Expenses $0

Other Expenses $373,836

TOTAL EXPENSES $533,184

Year-over-Year Comparison

	2025	2024	Change
Revenue	$491,387	$437,091	+0.1%
Expenses	$533,184	$477,389	+0.1%
Net Income	$-41,797	$-40,298	+0.0%

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

575

Independent Members

575

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jimmy L Spivey	Director	0.50	Director	$0	$0	$0
LUCY DURHAM	Secretary/Treas	0.50	Officer Director	$0	$0	$0
James Dennis Lane	Director	0.50	Officer Director	$0	$0	$0
Robert G Whisenant	Director	0.50	Director	$0	$0	$0
OPAL OLIVER	Vice President	0.50	Director	$0	$0	$0
BILLIE J JARMON JR	President	0.50	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	$491,387	$533,184	$1,797,549	$-41,797
2024	$437,091	$477,389	$1,881,286	$-40,298
2023	$485,439	$480,775	$1,986,642	$4,664
2022	$408,224	$498,553	$2,044,499	$-90,329
2021	$370,590	$440,092	$2,196,522	$-69,502
2020	$385,439	$404,612	$2,328,308	$-19,173
2019	$372,703	$397,321	$2,409,356	$-24,618
2018	$367,631	$452,853	$2,496,185	$-85,222

BUTLER WATER SUPPLY CORPORATION