PRITCHETT WATER SUPPLY CORPORATION

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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

JOSH MARRS

Phone

9037345438

Tax Period

2025-01-01 to 2025-12-31

PRITCHETT WATER SUPPLY CORPORATION, founded in 1970, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2025. Expenses of $2.2M left a modest 12% surplus.

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.

Program Service Accomplishments

Program 1

WATER IS SUPPLIED TO ITS MEMBERS, BOTH RESIDENTIAL AND COMMERCIAL, IN THE RURAL COMMUNITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,429,395

Investment Income $38,658

Other Revenue $879

TOTAL REVENUE $2,468,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $916,587

Fundraising Expenses $0

Other Expenses $1,251,207

TOTAL EXPENSES $2,167,794

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,468,932	$2,440,090	+0.0%
Expenses	$2,167,794	$1,984,125	+0.1%
Net Income	$301,138	$455,965	-0.3%

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

$97,145

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
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
DENNIS MYRICK	DIRECTOR	0.25	Director	$0	$0	$0
JOSH MARRS	PRESIDENT	0.25	Officer	$0	$0	$0
RUSSELL WASHBURN	VICE PRESIDENT	0.25	Officer	$0	$0	$0
KEN REAGAN	SECRETARY/TREASURER	0.25	Officer	$0	$0	$0
CHARLES D MEADOR	GENERAL MANAGER	40.00	Officer	$97,145	$0	$97,145

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	$2,468,932	$2,167,794	$11,701,936	$301,138
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