WESTWOOD NORTH WATER SUPPLY CORPORATION

EIN: 760688968 Public & Societal Benefit

MAGNOLIA, TX

Total Revenue
$1,159,591
Total Expenses
$1,061,893
Total Assets
$3,720,121
Net Assets
$3,608,370
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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
2001
Legal Domicile
TX
Principal Officer
BRYCE WHITTAKER
Phone
9363217766
Tax Period
2025-01-01 to 2025-12-31

WESTWOOD NORTH WATER SUPPLY CORPORATION, founded in 2001, is a community nonprofit in the Public & Societal Benefit sector that reported $1.2M in total revenue in fiscal year 2025. Expenses of $1.1M left a modest 8% surplus.

Mission

TO FURNISH A WATER SUPPLY SERVICE FOR GENERAL DOMESTIC PURPOSES FOR INDIVIDUALS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,108,555
Investment Income $51,036
Other Revenue $0
TOTAL REVENUE $1,159,591

Expense Breakdown

Grants Paid $0
Salaries & Benefits $95,693
Fundraising Expenses $0
Other Expenses $966,200
TOTAL EXPENSES $1,061,893

Year-over-Year Comparison

2025 2024 Change
Revenue $1,159,591 $1,111,865 +0.0%
Expenses $1,061,893 $1,052,763 +0.0%
Net Income $97,698 $59,102 +0.7%
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

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Governance

Voting Members
5
Independent Members
5
Employees
1
Volunteers
4

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
4
$88,700
Total Directors
6
$88,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAXTON PLANTE GENERAL MANAGER 40.00
Officer Director
$88,700 $0 $88,700
DAVID DANIELS PRESIDENT 10.00
Officer Director
$0 $0 $0
CHRISTOPHER JONES VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
BRYCE WHITTAKER SECRETARY/TREASURER 10.00
Officer Director
$0 $0 $0
MICHAEL LARRAZOLO DIRECTOR 10.00
Director
$0 $0 $0
BENJAMIN BERTRAND DIRECTOR 10.00
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
2025 $1,159,591 $1,061,893 $3,720,121 $97,698
2024 $1,111,865 $1,052,763 $3,621,362 $59,102
2023 $1,241,372 $1,063,521 $3,563,708 $177,851
2022 $1,053,155 $1,021,901 $3,383,428 $31,254
2021 $988,288 $734,950 $3,393,087 $253,338
2020 $808,582 $724,230 $3,136,736 $84,352
2019 $815,628 $716,180 $3,047,887 $99,448
2018 $751,600 $677,016 $2,944,841 $74,584
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