HIGH PRAIRIE WATER SUPPLY CORPORATION

EIN: 742884381 Public & Societal Benefit

MADISONVILLE, TX

Total Revenue
$453,574
Total Expenses
$421,889
Total Assets
$543,966
Net Assets
$-123,636
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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
2001
Legal Domicile
TX
Principal Officer
PAUL RICHIE
Phone
9363486945
Tax Period
2024-01-01 to 2024-12-31

HIGH PRAIRIE WATER SUPPLY CORPORATION, founded in 2001, is a small nonprofit in the Public & Societal Benefit sector that reported $454K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $422K left a modest 7% surplus.

Mission

TO PROVIDE UTILITY SERVICE TO RESIDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $453,072
Investment Income $502
Other Revenue $0
TOTAL REVENUE $453,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $108,123
Fundraising Expenses $0
Other Expenses $313,766
TOTAL EXPENSES $421,889

Year-over-Year Comparison

2024 2023 Change
Revenue $453,574 $479,594 -0.1%
Expenses $421,889 $401,859 +0.0%
Net Income $31,685 $77,735 -0.6%
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
5
Independent Members
5
Employees
4
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL RICHIE President 0.00
Officer Director
$0 $0 $0
DAVID POHORELSKY Vice President 0.00
Officer Director
$0 $0 $0
TERRY COLLINS Director 0.00
Director
$0 $0 $0
JOHAN OSTH Director 0.00
Director
$0 $0 $0
MELVA GLOVER Secretary/Treas 0.00
Officer
$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
2024 $453,574 $421,889 $543,966 $31,685
2023 $479,594 $401,859 $543,400 $77,735
2022 $418,101 $356,998 $494,094 $61,103
2021 $359,685 $367,564 $460,095 $-7,879
2020 $353,402 $352,337 $492,900 $1,065
2019 $320,076 $329,391 $516,469 $-9,315
2018 $311,507 $322,855 $551,289 $-11,348
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