SANDOW REGIONAL WATER SUPPLY CORPO… - 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

2022

Legal Domicile

Principal Officer

GREGORY BARBER

Phone

6234452414

Tax Period

2022-10-12 to 2022-12-31

SANDOW REGIONAL WATER SUPPLY CORPORATION, founded in 2022, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $94.6M in total revenue in fiscal year 2022. Expenses of $90.4M left a modest 4% surplus.

Mission

The water supply corporation's exclusive purposes are the financing, providing, acquiring, constructing, reconstructing, replacing, extending, improving, expanding, owning, operating, repairing and maintaining water supply pumping, treatment, transportation, distribution and storage facilities, and appurtenances thereto and property interests related thereto for the purpose of supplying water to its member, and the City of Taylor, Texas, for emergency water supply purposes.

Program Service Accomplishments

Program 1

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $94,594,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $94,594,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $90,366,000

TOTAL EXPENSES $90,366,000

Year-over-Year Comparison

	2022	2021	Change
Revenue	$94,594,000	N/A	N/A
Expenses	$90,366,000	N/A	N/A
Net Income	$4,228,000	$0	N/A

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

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	Role	Reportable Comp	Other Comp	Total
RICHARD BROWN	DIRECTOR	Director	$0	$0	$0
TROY DAY	DIRECTOR	Director	$0	$0	$0
MICHAEL IRLBECK	DIRECTOR	Director	$0	$0	$0
SANDOW PROJECT LLC	VOTING MEMBER		$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
2022	$94,594,000	$90,366,000	$4,228,000	$4,228,000

SANDOW REGIONAL WATER SUPPLY CORPORATION