NOGALUS PRAIRIE WATER SUPPLY CORP

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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

1967

Legal Domicile

Principal Officer

SHARON MERRYMAN

Phone

9368312024

Tax Period

2021-01-01 to 2021-12-31

NOGALUS PRAIRIE WATER SUPPLY CORP, founded in 1967, is a small nonprofit that reported $151K in total revenue in fiscal year 2021. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $137K left a modest 9% surplus.

Mission

A RURAL WATER SUPPLY ORGANZATION PROVIDING WATER TO APPROXIOMATERLY 240 MEMBERS IN THE NOGALUS CENTRALIA ARE OF EAST TEXAS.

Program Service Accomplishments

Program 1

THE COMPANY PROVIDES WATER TO APPROXIMATELY 240 METER SUBSCRIBERS DURING THE YEAR.

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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 (2021)

Revenue Breakdown

Contributions & Grants $10,000

Program Service Revenue $140,228

Investment Income $973

Other Revenue $0

TOTAL REVENUE $151,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,038

Other Expenses $137,038

TOTAL EXPENSES $137,038

Year-over-Year Comparison

	2021	2020	Change
Revenue	$151,201	$120,570	+0.3%
Expenses	$137,038	$111,294	+0.2%
Net Income	$14,163	$9,276	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON MERRYMAN	PRESIDENT	001.00	Officer Director	$0	$0	$0
ROBERT B WALDING	SECRETARY/TREASURER	001.00	Officer Director	$0	$0	$0
BRIAN MCMULLEN	VICE PRESIDENT	001.00	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
2021	$151,201	$137,038	$453,893	$14,163
2020	$120,570	$111,294	$577,348	$9,276
2019	$117,852	$113,550	$592,757	$4,302
2018	$120,677	$152,167	$605,984	$-31,490