PONDERA COUNTY CANAL AND RESERVOIR… - Form 990 Financial Data

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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

1909

Legal Domicile

Principal Officer

HEATHER RICE

Phone

4062793315

Tax Period

2024-01-01 to 2024-12-31

PONDERA COUNTY CANAL AND RESERVOIR COMPANY, founded in 1909, is a community nonprofit in the Mutual Benefit sector that reported $3.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $695K, a strong 21% operating margin.

Mission

DEVELOP, OPERATE AND MAINTAIN AN IRRIGATION SYSTEM FOR THE COMPANY'S MEMBERS

Program Service Accomplishments

Program 1

Expenses: $2,303,763 Revenue: $3,134,857

THE COMPANY CURRENTLY MAINTAINS SWIFT DAM, 500 MILES OF CANALS, HUNDREDS OF DIVERSIONS AND TWO DAM STRUCTURES ON LAKE FRANCES FOR DELIVERY OF WATER TO THE 380 SHAREHOLDERS OF THE COMPANY...

THE COMPANY CURRENTLY MAINTAINS SWIFT DAM, 500 MILES OF CANALS, HUNDREDS OF DIVERSIONS AND TWO DAM STRUCTURES ON LAKE FRANCES FOR DELIVERY OF WATER TO THE 380 SHAREHOLDERS OF THE COMPANY. APPROXIMATELY 65,000 ACRES OF LAND WERE IRRIGATED WITH WATER PROVIDED BY THE COMPANY DURING 2024.

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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 $75,436

Program Service Revenue $3,134,857

Investment Income $92,527

Other Revenue $0

TOTAL REVENUE $3,302,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,284,226

Fundraising Expenses $0

Program Expenses $2,303,763

Other Expenses $1,323,291

TOTAL EXPENSES $2,607,517

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,302,820	$2,917,852	+0.1%
Expenses	$2,607,517	$2,529,273	+0.0%
Net Income	$695,303	$388,579	+0.8%

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

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

$190,520

Total Directors

$10,379

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER RICE	MANAGER	40.00	Officer	$158,007	$25,686	$183,693
CORY CRAWFORD	PRESIDENT	2.00	Officer Director	$2,151	$0	$2,151
SHAWN VERMULM	VICE-PRESIDENT	2.00	Officer Director	$2,650	$0	$2,650
TANNER JOHNSON	SECRETARY/TREASURER	2.00	Officer Director	$2,026	$0	$2,026
JERRY JOHNS	DIRECTOR	2.00	Director	$2,452	$0	$2,452
CASEY WHEELER	DIRECTOR	2.00	Director	$1,100	$0	$1,100

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	$3,302,820	$2,607,517	$12,234,676	$695,303
2023	$2,917,852	$2,529,273	$12,097,271	$388,579
2022	$2,834,415	$2,101,684	$12,035,294	$732,731
2021	$2,988,123	$2,059,332	$11,621,861	$928,791
2020	$2,705,559	$2,043,743	$11,159,832	$661,816
2019	$2,469,456	$1,953,783	$9,615,336	$515,673
2018	$1,911,090	$1,793,544	$9,313,750	$117,546

PONDERA COUNTY CANAL AND RESERVOIR COMPANY