MENLOW WATER SUPPLY CORPORATIO

EIN: 741557812

Abbott, TX

Total Revenue
$248,421
Total Expenses
$198,680
Total Assets
$1,914,820
Net Assets
$1,629,129
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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
1965
Legal Domicile
TX
Principal Officer
RONNIE SKERIK
Tax Period
2023-01-01 to 2023-12-31

MENLOW WATER SUPPLY CORPORATIO, founded in 1965, is a small nonprofit that reported $248K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $50K, a strong 20% operating margin.

Mission

PUMPING AND DISTRIBUTION OF WATER FROM WELLS TO MEMBER CUSTOMERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $36,700
Program Service Revenue $210,565
Investment Income $1,156
Other Revenue $0
TOTAL REVENUE $248,421

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,794
Fundraising Expenses $0
Program Expenses $198,680
Other Expenses $178,886
TOTAL EXPENSES $198,680

Year-over-Year Comparison

2023 2022 Change
Revenue $248,421 $274,603 -0.1%
Expenses $198,680 $186,842 +0.1%
Net Income $49,741 $87,761 -0.4%
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
8
Independent Members
8
Employees
3
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
8
$6,279
Total Directors
3
$6,279
Key Employees
1
$11,721
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONNIE SKERIK PRESIDENT 5
Officer Director
$0 $0 $0
DAVID GIRARD VICE-PRESIDENT 2
Officer Director
$1,585 $0 $1,585
MIKE PRASIFKA SEC-TREASURER 2
Officer Director
$4,694 $0 $4,694
KEVIN NORS DIRECTOR 1
Officer
$0 $0 $0
AARON PRASIFKA DIRECTOR 1
Officer
$0 $0 $0
MATT BURROW DIRECTOR 1
Officer
$0 $0 $0
ERNIE KOLAR DIRECTOR 1
Officer
$0 $0 $0
JASON HEJL DIRECTOR 1
Officer
$0 $0 $0
RHONDA PRASIFK BOOKKEEPER 5
Key Emp
$11,721 $0 $11,721
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 No data No data No data No data
2023 $248,421 $198,680 $1,914,820 $49,741
2022 $274,603 $186,842 $1,843,416 $87,761
2021 $507,206 $157,053 $1,688,519 $350,153
2020 $292,646 $160,141 $1,229,638 $132,505
2019 $117,762 $121,711 $1,027,719 $-3,949
2018 $106,254 $160,498 $1,023,277 $-54,244
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