HALLWOOD IRRIGATION COMPANY (EIN 940532630) - 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

1910

Legal Domicile

Phone

5307436704

Tax Period

2024-02-01 to 2025-01-31

HALLWOOD IRRIGATION COMPANY, founded in 1910, is a small nonprofit that reported $370K in total revenue in fiscal year 2024. Expenses of $498K exceeded revenue, resulting in a 35% operating deficit.

Mission

HALLWOOD IRRIGATION COMPANY IS A MUTUAL BENEFIT WATER COMPANY THAT DERIVES REVENUES FROM ASSESSMENTS TO MEMBERS IN ORDER TO PROVIDE AGRICULTURAL WATER.

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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 $365,860

Investment Income $4,556

Other Revenue $0

TOTAL REVENUE $370,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,643

Fundraising Expenses $0

Other Expenses $349,834

TOTAL EXPENSES $498,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$370,416	$366,307	+0.0%
Expenses	$498,477	$487,208	+0.0%
Net Income	$-128,061	$-120,901	+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

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

$4,702

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOROTHY HENDERSON	Treasurer	5.00	Officer	$4,702	$0	$4,702
MARK CHANDLESS	Director	1.00	Director	$0	$0	$0
RANDY CUMMINGS	Director	1.00	Director	$0	$0	$0
STEVEN SPRINGER	President	1.00	Officer Director	$0	$0	$0
MIKE FILICE	Vice President	1.00	Officer Director	$0	$0	$0
JILL CENEDELLA	Secretary	1.00	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
2025	$370,416	$498,477	$973,839	$-128,061
2024	$366,307	$487,208	$1,005,935	$-120,901
2023	$893,522	$510,968	$1,560,733	$382,554
2022	$320,955	$496,494	$707,363	$-175,539
2021	$3,210,582	$2,976,831	$1,138,187	$233,751
2020	$279,900	$336,482	$641,311	$-56,582
2019	$1,830,040	$1,798,548	$692,154	$31,492

HALLWOOD IRRIGATION COMPANY