Terrace PUD Owners Association Inc

Nonprofit profile at a glance

EIN
742798527
IRS 990-EZ coverage
2020–2025
Forms available
Form 990-EZ 2025
Location
Midland, TX, USA
Phone
4326883458
Rating confidence
Limited

Reported finances

Revenue
$32,734
Expenses
$46,475
Assets
$118,155
Liabilities
$90,295

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Rod Arend (Vice President/Director)
  • Mel Riggs (President/Director)

People named in this filing

  • Brock Thompson (Treasurer)
  • Rod Arend (Vice President/Director)
  • Robert Rendall (Assistant Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

This association was formed for the promotion of social welfare. The organization operates by administering and enforcing covenants and owning and maintaining non-commercial, non-residential properties to serve the common good and general welfare of the general public.

What it reported doing in 2025

This organization is operated to administer and enforce covenants for preserving the architecture and appearance of the area and to maintain common greenbelt areas including irrigation and retaining walls for the use of the development and the general public. The organization will dedicate 100% of its time to this purpose 365 days a year.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Sustainability: 35
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -42%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 2.54; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.76; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 8.3% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 1.1% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 14/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.