BEAR CREEK WATER ASSOCIATION INC (EIN 581965138) - 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

1968

Legal Domicile

Principal Officer

BUDDY VOELKEL

Phone

6018565969

Tax Period

2023-11-01 to 2024-10-31

BEAR CREEK WATER ASSOCIATION INC, founded in 1968, is a mid-sized nonprofit that reported $15.5M in total revenue in fiscal year 2023. The organization ran a surplus of $4.6M, a strong 29% operating margin.

Mission

TO PROVIDE WATER AND SEWER SERVICES TO PORTIONS OF CERTAIN MUNICIPALITIES AND UNINCORPORATED AREAS OF SOUTH MADISON COUNTY, MS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,570,320

Investment Income $840,009

Other Revenue $1,112,842

TOTAL REVENUE $15,523,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,548,645

Fundraising Expenses $0

Other Expenses $8,397,436

TOTAL EXPENSES $10,946,081

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,523,171	$14,889,839	+0.0%
Expenses	$10,946,081	$10,100,829	+0.1%
Net Income	$4,577,090	$4,789,010	0.0%

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

$310,378

Total Directors

$16,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM JENKINS JR	VICE PRESIDENT	2.00	Officer Director	$2,600	$0	$2,600
BOBBY BROWN	DIRECTOR	2.00	Director	$2,500	$0	$2,500
CONNIE BARFIELD	DIRECTOR	2.00	Director	$2,400	$0	$2,400
BUDDY VOELKEL	PRESIDENT	6.00	Officer Director	$8,400	$0	$8,400
MATTHEW HOLMES	DIRECTOR	2.00	Director	$700	$0	$700
NOLAN P WILLIAMSON	GENERAL MANAGER/SECRETARY	40.00	Officer	$157,597	$31,616	$189,213
HANNAH LEWIS	CFO	40.00	Officer	$103,865	$6,300	$110,165
FARRIS GIBBS	MAINTENANCE MANAGER	40.00	Highest	$116,268	$7,514	$123,782
SAM BUC	MAINTENANCE TECHNICIAN	40.00	Highest	$102,773	$22,322	$125,095

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
2024	$15,523,171	$10,946,081	$113,924,081	$4,577,090
2023	$14,889,839	$10,100,829	$103,466,634	$4,789,010
2022	$12,566,846	$9,505,947	$98,155,585	$3,060,899
2021	$11,130,594	$8,830,779	$93,591,538	$2,299,815
2020	$10,627,940	$8,823,813	$87,208,844	$1,804,127
2019	$10,363,641	$8,530,533	$85,506,389	$1,833,108
2018	$9,494,387	$7,455,409	$84,813,721	$2,038,978

BEAR CREEK WATER ASSOCIATION INC