Terror Ditch and Reservoir Co

Nonprofit profile at a glance

EIN
840838075
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Paonia, CO, USA
Phone
9702083839
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Utilities

Reported finances

Revenue
$70,572
Expenses
$25,278
Assets
$196,179
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Bill Hughes (President)
  • Karen Good (Vice President)

People named in this filing

  • Bill Hughes (President)
  • Karen Good (Vice President)
  • Brent Helleckson (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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide agricultural, irrigation water to the Terror Ditch and Reservoir Company shareholders.

What it reported doing in 2024

Terror Ditch and Reservoir Company provides irrigation water to 50 residents and shareholders on Garvin Mesa, located near Paonia in Delta County Colorado. The shareholders pay dues so that the Ditch Company can maintain and operate the Terror Reservoir, ditches, gates and division boxes so that the water can be conveyed to the shareholder's properties for agriculture and farming. The ditch Company has a volunteer board and a paid ditch rider(s) that provides leadership, oversight and maintenance for the Ditch Company. All shareholder dues go towards the direct upkeep, maintenance and care of the reservoir and the ditch system that conveys the irrigation water. Presently the Ditch Company has added a special assessment to provide additional money in anticipation of essential repairs and upgrades. Terror Ditch and Reservoir Company largest expenses were payroll for the ditch rider, equipment expenses and insurance.

Operating model

Revenue model
Membership-supported. 85% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 100
  • Sustainability: 80
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 38%; rating input score 38
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 64.2%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 7.76; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 6.6%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: -15.1% per year; rating input score 0; 21st percentile among comparable filings
  • Revenue growth: 3.6% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 31% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 38% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $25K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.