PRITCHETT WATER SUPPLY CORPORATION (EIN 751310086) - 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

1970

Legal Domicile

Principal Officer

HENRY CASEY

Phone

9037345438

Tax Period

2024-01-01 to 2024-12-31

PRITCHETT WATER SUPPLY CORPORATION, founded in 1970, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. The organization ran a surplus of $456K, a strong 19% operating margin.

Mission

WATER IS SUPPLIED TO ITS MEMBERS, BOTH RESIDENTIAL AND COMMERCIAL, IN THE RURAL COMMUNITY OF PRITCHETT AND SURROUNDING AREAS. THE COMPANY EXPANDS ITS DISTRICT TO MEET THE NEEDS OF ITS 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 $2,396,974

Investment Income $43,116

Other Revenue $0

TOTAL REVENUE $2,440,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $866,936

Fundraising Expenses $0

Program Expenses $1,984,125

Other Expenses $1,117,189

TOTAL EXPENSES $1,984,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,440,090	$2,278,926	+0.1%
Expenses	$1,984,125	$1,791,101	+0.1%
Net Income	$455,965	$487,825	-0.1%

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

$90,740

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH MARRS	PRESIDENT	0.25	Officer Director	$0	$0	$0
RUSSELL WASHBURN	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
KEN REAGAN	SECRETARY/TREASURER	0.25	Officer Director	$0	$0	$0
SHERRI HECKENDORN	DIRECTOR	0.25	Director	$0	$0	$0
KEVIN HONEYCUTT	DIRECTOR	0.25	Director	$0	$0	$0
GEORGE STEVENSON	DIRECTOR	0.25	Director	$0	$0	$0
DANNY WEEMS	DIRECTOR	0.25	Director	$0	$0	$0
LISA SNEED	DIRECTOR	0.25	Director	$0	$0	$0
BRIAN DRENNAN	DIRECTOR	0.25	Director	$0	$0	$0
CHARLES D MEADOR	GENERAL MANAGER	40.00	Officer	$90,740	$0	$90,740

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	$2,440,090	$1,984,125	$10,932,947	$455,965
2023	$2,278,926	$1,791,101	$10,491,323	$487,825
2022	$2,253,720	$1,796,614	$9,944,424	$457,106
2021	$2,127,285	$1,724,185	$9,392,867	$403,100
2020	$1,974,201	$1,519,277	$8,958,594	$454,924
2019	$1,926,908	$1,463,628	$8,593,796	$463,280
2018	$1,919,355	$1,562,455	$8,091,618	$356,900

PRITCHETT WATER SUPPLY CORPORATION