NOGALUS PRAIRIE WATER SUPPLY CORP

EIN: 751546606

APPLE SPRINGS, TX

Total Revenue
$151,201
Total Expenses
$137,038
Total Assets
$453,893
Net Assets
$320,445
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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
TX
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

THE MISSION OF THE ORGANIZATION IS TO PROVIDE WATER TO APPROZIMATELY 240 MEMBERS IN THE NOGALUS AREA

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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 (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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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