ORANGEFIELD WATER SUPPLY CORPORATION (EIN 760461747) - 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

1995

Legal Domicile

Principal Officer

JARED BANKEN

Phone

4097359422

Tax Period

2023-01-01 to 2023-12-31

ORANGEFIELD WATER SUPPLY CORPORATION, founded in 1995, is a community nonprofit in the Mutual Benefit sector that reported $3.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.9M exceeded revenue, resulting in a 30% operating deficit.

Mission

RURAL UTILITY 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 $105,900

Program Service Revenue $3,716,855

Investment Income $-33,644

Other Revenue $4,267

TOTAL REVENUE $3,793,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $965,545

Fundraising Expenses $0

Program Expenses $4,861,110

Other Expenses $3,959,341

TOTAL EXPENSES $4,924,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,793,378	$3,370,796	+0.1%
Expenses	$4,924,886	$3,881,255	+0.3%
Net Income	$-1,131,508	$-510,459	+1.2%

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
JARED BANKEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
JESSIE FREEMONT	ASST SEC/TRE	N/A	Director	$0	$0	$0
DELANA HUEBEL	VICE PRESIDE	N/A	Director	$0	$0	$0
RONNIE HUTCHINSON	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
DON MCLEMORE	BOARD MEMBER	N/A	Director	$0	$0	$0
MARY NIXON	SEC./TRES.	N/A	Officer Director	$0	$0	$0
JOHNNY TONEY	BOARD MEMBER	N/A	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	No data	No data	No data	No data
2023	$3,793,378	$4,924,886	$28,377,046	$-1,131,508
2022	$3,370,796	$3,881,255	$24,210,487	$-510,459
2021	$3,107,029	$3,670,099	$24,640,929	$-563,070
2020	$3,318,279	$4,020,877	$25,738,476	$-702,598
2019	$2,622,005	$3,665,976	$26,572,447	$-1,043,971
2018	$3,646,829	$3,404,084	$27,911,366	$242,745

ORANGEFIELD WATER SUPPLY CORPORATION