Mulberry-Fairplains Water Association Inc (EIN 560809193) - 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

1964

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

Mulberry-Fairplains Water Association Inc, founded in 1964, is a small nonprofit that reported $829K in total revenue in fiscal year 2022. Net assets of $1.9M represent 28 months of operating reserves.

Mission

TO PROVIDE POTABLE WATER TO MEMBERS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $717

Other Revenue $827,800

TOTAL REVENUE $828,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $417,763

Fundraising Expenses $0

Program Expenses $858,877

Other Expenses $441,114

TOTAL EXPENSES $858,877

Year-over-Year Comparison

	2022	2021	Change
Revenue	$828,517	$771,771	+0.1%
Expenses	$858,877	$835,319	+0.0%
Net Income	$-30,360	$-63,548	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Josh Brown	Director	1.00	Director	$0	$0	$0
Eddie Caudill	Director	1.00	Director	$0	$0	$0
Edward Porter	Director	1.00	Director	$0	$0	$0
Jonathan Billings	Director	1.00	Director	$0	$0	$0
Dave Whitley	Director	1.00	Director	$0	$0	$0
Billy Felts	Director	1.00	Director	$0	$0	$0
Keith Jenkins	Director	1.00	Director	$0	$0	$0
Bill Lowe	Director	1.00	Director	$0	$0	$0
Ricky Gambille	Director	1.00	Director	$0	$0	$0
Paul Brown	Director	1.00	Director	$0	$0	$0
Charles Pegg	Director	1.00	Director	$0	$0	$0
Eric Rogers	Vice President	1.00	Officer Director	$0	$0	$0
Brandon Absher	President	1.00	Officer Director	$0	$0	$0
John Bullion	Asst SecTreasurer	1.00	Officer Director	$0	$0	$0
Billy Mac Bryant	SecTreasurer	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
2023	$828,517	$858,877	$2,223,892	$-30,360
2022	$771,771	$835,319	$2,239,675	$-63,548
2021	$644,898	$807,024	$2,304,922	$-162,126
2020	$729,558	$869,171	$2,319,930	$-139,613
2019	$796,545	$741,986	$2,449,809	$54,559

Mulberry-Fairplains Water Association Inc