DIAMONDHEAD WATER SUPPLY CORPORATION (EIN 760353271) - 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

1991

Principal Officer

JEFFREY HUGHES

Phone

6063693962

Tax Period

2023-01-01 to 2023-12-31

DIAMONDHEAD WATER SUPPLY CORPORATION, founded in 1991, is a small nonprofit that reported $196K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

PROVIDING WATER & SEWER SERVICE

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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 $194,724

Investment Income $1,759

Other Revenue $0

TOTAL REVENUE $196,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $215,070

TOTAL EXPENSES $215,070

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,483	$171,816	+0.1%
Expenses	$215,070	$173,713	+0.2%
Net Income	$-18,587	$-1,897	+8.8%

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

N/A

Employees

N/A

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
EDDIE HUDSON	DIRECTOR	N/A	Director	$0	$0	$0
RAYMOND LEON	DIRECTOR	N/A	Director	$0	$0	$0
DEAN KISSEBERTH	DIRECTOR	N/A	Director	$0	$0	$0
CAROL FINE	TREASURER	N/A	Officer	$0	$0	$0
JEFFREY HUGHES	PRESIDENT	N/A	Officer	$0	$0	$0
CAMI MCSWEEN	SECRETARY	N/A	Officer	$0	$0	$0
CHARLIE MICHALAK	VICE PRESIDE	N/A	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$196,483	$215,070	$335,689	$-18,587
2022	$171,816	$173,713	$354,276	$-1,897
2021	$171,246	$175,456	$356,173	$-4,210
2020	$226,969	$191,123	$360,383	$35,846
2019	$225,973	$192,767	$324,537	$33,206
2018	$226,146	$205,854	$303,184	$20,292

DIAMONDHEAD WATER SUPPLY CORPORATION