Terrace P U D Owners Association Inc
501(c)(4)
Only null% goes to programs Strong reserves Growing revenue
Terrace P U D Owners Association Inc is a 501(c)(4) organization based in Midland, Texas, registered in 1998, with $59,467 in FY2024 revenue. CharityIndex grades it C+.
6 Desta Dr Ste 3000, Midland, TX, 79705 EIN 74-2798527 Since 1998
Revenue (FY2024)
$59K
▲ 65.8% vs prior year
Expenses (FY2024)
$35K
Net assets
$42K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Terrace P U D Owners Association Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · +42% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Terrace P U D Owners Association Inc: 14 mo reserves · +42% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Terrace P U D Owners Association Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Terrace P U D Owners Association Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $29K (FY2020) to $59K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $82KNet assets $42K
Operating margin
42.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$124K
Total liabilities
$82K
Net assets
$42K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $59,467▲65.8% | $34,513▼37.4% | $41,601▲150% | $123,632▲25.3% | 990EZ |
| 2023 | $35,859▲17.6% | $55,176▲94.7% | $16,647▼53.7% | $98,671▼16.6% | 990EZ |
| 2022 | $30,484▼40.9% | $28,344▼51.6% | $35,964▲6.3% | $118,262▲12.0% | 990EZ |
| 2021 | $51,589▲79.9% | $58,580▲161% | $33,824▼17.1% | $105,611▼6.2% | 990EZ |
| 2020 | $28,670 | $22,471 | $40,815 | $112,582 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Terrace P U D Owners Association Inc a legitimate nonprofit?
- Yes. Terrace P U D Owners Association Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 74-2798527, based in Midland, Texas.
- What is Terrace P U D Owners Association Inc's EIN?
- Terrace P U D Owners Association Inc's Employer Identification Number (EIN) is 74-2798527.
- How much revenue does Terrace P U D Owners Association Inc report?
- Terrace P U D Owners Association Inc reported $59,467 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Terrace P U D Owners Association Inc have?
- CharityIndex grades Terrace P U D Owners Association Inc C+, based on financial health (reserves and operating margin).
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Data for Terrace P U D Owners Association Inc (EIN 74-2798527) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.