PENDLETON WATER SUPPLY CORPORATION (EIN 741914034) - 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

1965

Legal Domicile

Principal Officer

JEFFREY THIGPEN

Phone

2547735876

Tax Period

2024-10-01 to 2025-09-30

PENDLETON WATER SUPPLY CORPORATION, founded in 1965, is a small nonprofit that reported $915K in total revenue in fiscal year 2024. Net assets of $3.3M represent 44 months of operating reserves.

Mission

PROVIDE POTABLE WATER UTILITY SERVICE TO ABOUT 1,066 RURAL MEMBERS.

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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 $868,211

Investment Income $46,302

Other Revenue $0

TOTAL REVENUE $914,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,763

Fundraising Expenses $0

Program Expenses $887,661

Other Expenses $783,898

TOTAL EXPENSES $887,661

Year-over-Year Comparison

	2024	2023	Change
Revenue	$914,513	$902,929	+0.0%
Expenses	$887,661	$879,637	+0.0%
Net Income	$26,852	$23,292	+0.2%

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

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
TIMOTHY BLAKE BUTLER	SECRETARY-TR	1.00	Officer Director	$0	$0	$0
DAVID LEIGH	DIRECTOR	1.00	Director	$0	$0	$0
MARK NEWMEYER	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY THIGPEN	VICE-PRESIDE	1.00	Officer 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	$914,513	$887,661	$3,799,180	$26,852
2024	$902,929	$879,637	$3,837,227	$23,292
2023	$918,575	$890,742	$3,752,306	$27,833
2022	$1,189,010	$774,256	$3,718,167	$414,754
2021	$834,566	$695,323	$3,235,050	$139,243
2020	$857,894	$746,106	$3,154,178	$111,788
2019	$758,011	$659,332	$3,078,683	$98,679
2018	$737,231	$655,948	$3,018,700	$81,283

PENDLETON WATER SUPPLY CORPORATION