G&W WATER SUPPLY CORPORATION (EIN 760252531) - 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

1987

Legal Domicile

Principal Officer

LINDA HONEYCUTT

Phone

9363729858

Tax Period

2024-01-01 to 2024-12-31

G&W WATER SUPPLY CORPORATION, founded in 1987, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $2.3M left a modest 14% surplus.

Mission

TO PROVIDE WATER SERVICE TO RESIDENTS OF GRIMES AND WALLER COUNTIES, TEXAS ON A NON-PROFIT BASIS.

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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 $2,645,082

Investment Income $8,058

Other Revenue $0

TOTAL REVENUE $2,653,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $746,379

Fundraising Expenses $0

Program Expenses $2,283,655

Other Expenses $1,537,276

TOTAL EXPENSES $2,283,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,653,140	$3,298,315	-0.2%
Expenses	$2,283,655	$2,522,902	-0.1%
Net Income	$369,485	$775,413	-0.5%

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
STEVE BOYD	MEMBER	N/A	Director	$0	$0	$0
HARRY FIKARIS	MEMBER	N/A	Director	$0	$0	$0
LINDA HONEYCUTT	PRESIDENT	N/A	Officer Director	$0	$0	$0
ALAN LAMASCUS	MEMBER	N/A	Director	$0	$0	$0
SHELBY SMITH	MEMBER	N/A	Director	$0	$0	$0
ALICIA TAYLOR	TREASURER	N/A	Officer 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	$2,653,140	$2,283,655	$10,614,150	$369,485
2023	$3,298,315	$2,522,902	$10,372,931	$775,413
2022	$2,687,298	$2,282,112	$9,774,102	$405,186
2021	$2,006,242	$1,843,006	$9,516,775	$163,236
2020	$2,003,741	$1,719,348	$9,566,516	$284,393
2019	$1,761,243	$1,642,946	$9,498,279	$118,297
2018	$1,992,735	$1,585,260	$9,534,479	$407,475

G&W WATER SUPPLY CORPORATION