MERCY WATER SUPPLY CORPORATION (EIN 760007238) - 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

1978

Legal Domicile

Principal Officer

JAMES CLARK

Phone

2815931177

Tax Period

2024-01-01 to 2024-12-31

MERCY WATER SUPPLY CORPORATION, founded in 1978, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 143% from the prior year, signaling strong growth momentum. The organization ran a surplus of $928K, a strong 50% operating margin.

Mission

PROVIDE POTABLE WATER SUPPLY AND FACILITIES TO APPROXIMATELY 737 MEMBERS IN THE CLEVELAND TX 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 $1,063,655

Program Service Revenue $771,677

Investment Income $19,961

Other Revenue $0

TOTAL REVENUE $1,855,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,572

Fundraising Expenses $0

Other Expenses $865,662

TOTAL EXPENSES $927,234

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,855,293	$763,373	+1.4%
Expenses	$927,234	$599,266	+0.5%
Net Income	$928,059	$164,107	+4.7%

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
WILBUR CHOATE	PRESIDENT	15.00	Officer Director	$0	$0	$0
J WEST SMITH	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CHERYL CARTER	SEC/TREAS	5.00	Officer Director	$0	$0	$0
CLIFTON WOOTEN	BOARD MEMBER	5.00	Director	$0	$0	$0
ELIZABETH REYNOLDS	BOARD MEMBER	5.00	Director	$0	$0	$0
PAUL BUCHANAN	BOARD MEMBER	5.00	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	$1,855,293	$927,234	$3,982,637	$928,059
2023	$763,373	$599,266	$3,005,206	$164,107
2022	$870,954	$546,422	$2,849,510	$324,532
2021	$537,027	$606,850	$2,548,543	$-69,823
2020	$515,421	$567,662	$2,635,522	$-52,241
2019	$495,841	$553,693	$2,693,938	$-57,852
2018	$500,683	$549,542	$2,761,108	$-48,859

MERCY WATER SUPPLY CORPORATION