White Oak Water Supply Corporation… - Form 990 Financial Data

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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

Principal Officer

Mike Engle

Phone

2817191990

Tax Period

2024-01-01 to 2024-12-31

White Oak Water Supply Corporation c/o Mitchell Zientek & Scruggs LLP, founded in 2001, is a small nonprofit in the Mutual Benefit sector that reported $390K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $63K, a strong 16% operating margin.

Mission

The purpose of the White Oak Water Supply Corporation ("WOWSC") is to provide safe public drinking water to the members of the corporation located within the boundaries of the White Oak Estates subdivision in Montgomery County, Texas.

Program Service Accomplishments

Program 1

The purpose of the White Oak Water Supply Corporation ("WOWSC") is to provide safe public drinking water to the members of the corporation located within the boundaries of the White Oak Estates...

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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 $377,553

Investment Income $12,485

Other Revenue $0

TOTAL REVENUE $390,038

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $327,529

TOTAL EXPENSES $327,529

Year-over-Year Comparison

	2024	2023	Change
Revenue	$390,038	$474,473	-0.2%
Expenses	$327,529	$415,048	-0.2%
Net Income	$62,509	$59,425	+0.1%

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

N/A

Volunteers

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
Mike Engle	President	1.00	Officer Director	$0	$0	$0
LeQuintiss Taylor	Vice President	1.00	Officer Director	$0	$0	$0
Jaime Gutierrez	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Robert Simpson	Asst. Secretary/Asst. Treasurer	1.00	Officer Director	$0	$0	$0
Todd Sullivan	Director	1.00	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	$390,038	$327,529	$1,249,222	$62,509
2023	$474,473	$415,048	$1,198,225	$59,425
2022	$424,060	$392,774	$1,133,712	$31,286
2021	$326,258	$350,149	$1,127,589	$-23,891
2020	$337,326	$334,634	$1,131,948	$2,692

White Oak Water Supply Corporation c/o Mitchell Zientek & Scruggs LLP