G-m Water Supply Corporation
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
G-m Water Supply Corporation is a 501(c)(12) organization based in Hemphill, Texas, with $2,889,043 in FY2024 revenue. CharityIndex grades it C+.
Po Box 727, Hemphill, TX, 75948 EIN 75-1645192
Revenue (FY2024)
$2.9M
▼ 13.1% vs prior year
Expenses (FY2024)
$3.0M
Net assets
$6.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for G-m Water Supply Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating25 mo reserves · -4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For G-m Water Supply Corporation: 25 mo reserves · -4% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for G-m Water Supply Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For G-m Water Supply Corporation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $1.7M (FY2013) to $2.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $6.1MNet assets $6.2M
Operating margin
-4.1%
Spent more than it raised in the latest fiscal year.
Total assets
$12.3M
Total liabilities
$6.1M
Net assets
$6.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,889,043▼13.1% | $3,006,676▲11.2% | $6,215,832▼1.9% | $12,299,701▼2.4% | 990 |
| 2023 | $3,323,383▼21.9% | $2,702,880▼5.0% | $6,333,465▲10.9% | $12,599,423▼7.2% | 990 |
| 2022 | $4,257,633▲77.4% | $2,845,300▲10.4% | $5,712,962▲32.8% | $13,573,037▲1.1% | 990 |
| 2021 | $2,399,484▼10.8% | $2,577,991▲2.4% | $4,300,629▼9.3% | $13,419,742▼2.9% | 990 |
| 2020 | $2,689,912▲16.5% | $2,517,688▲8.9% | $4,739,758▲3.5% | $13,816,466▼0.2% | 990 |
| 2019 | $2,308,627▲5.3% | $2,311,518▲5.3% | $4,581,013 | $13,842,930▼2.1% | 990 |
| 2018 | $2,192,273▲14.2% | $2,195,561▲8.4% | $4,581,757 | $14,134,543▲59.9% | 990 |
| 2017 | $1,919,459▼0.5% | $2,024,506▼1.9% | $4,580,920▼2.0% | $8,837,065▼2.6% | 990 |
| 2016 | $1,929,241▼36.8% | $2,064,445▲6.6% | $4,675,020▼2.6% | $9,074,282▼2.9% | 990 |
| 2015 | $3,051,679▲73.4% | $1,936,714▲10.7% | $4,799,392▲30.6% | $9,342,571▲12.0% | 990 |
| 2014 | $1,759,994▲5.7% | $1,750,193▼5.0% | $3,675,027▲0.7% | $8,341,755▲53.4% | 990 |
| 2013 | $1,664,979 | $1,842,173▲13.3% | $3,650,847▼4.4% | $5,436,632▲2.4% | 990 |
| 2012 | — | $1,626,040▼9.3% | $3,819,641▲0.1% | $5,310,045▲2.0% | 990 |
| 2011 | — | $1,793,025 | $3,814,229 | $5,205,819 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is G-m Water Supply Corporation a legitimate nonprofit?
- Yes. G-m Water Supply Corporation is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 75-1645192, based in Hemphill, Texas.
- What is G-m Water Supply Corporation's EIN?
- G-m Water Supply Corporation's Employer Identification Number (EIN) is 75-1645192.
- How much revenue does G-m Water Supply Corporation report?
- G-m Water Supply Corporation reported $2,889,043 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does G-m Water Supply Corporation have?
- CharityIndex grades G-m Water Supply Corporation C+, based on financial health (reserves and operating margin).
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Data for G-m Water Supply Corporation (EIN 75-1645192) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.