PRAIRIE HILL WATER SUPPLY CORPORAT… - 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

1963

Legal Domicile

Principal Officer

JOYCE BATEMAN

Phone

2543442242

Tax Period

2024-01-01 to 2024-12-31

PRAIRIE HILL WATER SUPPLY CORPORATION, founded in 1963, is a small nonprofit that reported $269K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $97K, a strong 36% operating margin.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO FURNISH WATER TO ALL MEMBERS OF THE PRAIRIE HILL WATER SUPPLY CORPORATION SYSTEM.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDED WATER SERVICE TO 715 SEPARATE METERS ON THE WATER SYSTEM DURING 2024.

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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 $0

Investment Income $65,952

Other Revenue $202,924

TOTAL REVENUE $268,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,933

Fundraising Expenses $0

Other Expenses $131,078

TOTAL EXPENSES $172,011

Year-over-Year Comparison

	2024	2023	Change
Revenue	$268,876	$293,820	-0.1%
Expenses	$172,011	$88,342	+0.9%
Net Income	$96,865	$205,478	-0.5%

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

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

$1,025

Total Directors

$1,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY BASS	DIRECTOR	1.00	Director	$275	$0	$275
JOYCE BATEMAN	PRESIDENT	2.00	Officer Director	$275	$0	$275
BILL WARD	FIRST V.P.	1.00	Officer Director	$275	$0	$275
LINDA JORDAN	SEC/TREAS	20.00	Officer Director	$250	$0	$250
BENNIE KIRVEN	SECOND V.P.	1.00	Officer Director	$225	$0	$225
MIKE DESKINS	DIRECTOR	1.00	Director	$200	$0	$200
JENNIFER FLOWERS	DIRECTOR	1.00	Director	$200	$0	$200
LOREN HARDIE	DIRECTOR	1.00	Director	$125	$0	$125
WILLARD MURREY	DIRECTOR	N/A	Director	$75	$0	$75
WAYNE HURST	DIRECTOR	1.00	Director	$25	$0	$25

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	$268,876	$172,011	$2,978,002	$96,865
2023	$293,820	$88,342	$2,870,372	$205,478
2022	$374,798	$89,536	$2,651,222	$285,262
2021	$189,070	$99,789	$2,196,586	$89,281
2020	$279,417	$83,717	$2,092,490	$195,700
2019	$263,525	$113,937	$2,090,925	$149,588
2018	$261,161	$109,501	$2,093,276	$151,660

PRAIRIE HILL WATER SUPPLY CORPORATION