Brazosport Water Supply corporation (EIN 932752531) - 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

2022

Legal Domicile

Phone

9792972715

Tax Period

2024-10-01 to 2025-09-30

Brazosport Water Supply corporation, founded in 2022, is a community nonprofit in the Mutual Benefit sector that reported $5.1M in total revenue in fiscal year 2024. Revenue surged 138% from the prior year, signaling strong growth momentum. Expenses of $12.7M exceeded revenue, resulting in a 151% operating deficit.

Mission

THE CORPORATION IS A MUTUAL IRRIGATION COMPANY, ORGANIZED AND OPERATED, AND CONTRACTUALLY OBLIGATED TO PROVIDE WATER SUPPLY SERVICES TO ITS ECONOMIC MEMBERS. INITIALLY, THE CORPORATION'S MOST CRITICAL PURPOSE IS TO FACILITATE THE FINANCING OF CONSTRUCTION OF AN APPROXIMATELY 51,000 ACRE-FOOT WATER RESERVOIR. SUBSEQUENTLY, THE CORPORATION'S ACTIVITIES RELATE TO DEVELOPING, CONSTRUCTING, AND OPERATING THE RESERVIOR.

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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 $4,661,518

Program Service Revenue $0

Investment Income $392,038

Other Revenue $0

TOTAL REVENUE $5,053,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,684,376

Other Expenses $12,684,377

TOTAL EXPENSES $12,684,377

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,053,556	$2,125,173	+1.4%
Expenses	$12,684,377	$698,310	+17.2%
Net Income	$-7,630,821	$1,426,863	-6.3%

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
RONALD WOODRUFF	President	2.00	Officer Director	$0	$0	$0
AMY WAGNER	Vice President	2.00	Officer Director	$0	$0	$0
KENNY HAYES	SEC - TREASURER	2.00	Officer Director	$0	$0	$0
JESSE KNIGHT	Director	2.00	Director	$0	$0	$0
TIM FINLEY	Director	2.00	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	$5,053,556	$12,684,377	$332,200,791	$-7,630,821
2024	$2,125,173	$698,310	$4,795,945	$1,426,863

Brazosport Water Supply corporation