MCVAY WATER SYSTEM

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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

1973

Legal Domicile

Principal Officer

DAISY REEVES

Phone

2517694657

Tax Period

2022-01-01 to 2022-12-31

Mission

DOMESTIC WATER PROVIDED TO HOUSEHOLDS, FARMS AND COMMERCIAL BUSINESSES

Program Service Accomplishments

Program 1

Expenses: $17,300 Revenue: $0

PROVIDE DOMESTIC WATER TO 494 MEMBERS INCLUDING HOUSEHOLDS, FARMS AND COMMERCIAL BUSINESSES. ALSO FURNISH WHOLESALE WATER TO CLARKE CO., ALABAMA AND SALIPTA WATER SYSTEM, A CORPORATION.

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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 $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,376

Fundraising Expenses $0

Program Expenses $17,300

Other Expenses $34,777

TOTAL EXPENSES $74,153

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$332,298	-1.0%
Expenses	$74,153	$473,873	-0.8%
Net Income	N/A	$-141,575	N/A

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

N/A

Independent Members

N/A

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
DAISY REEVES	SEC TREAS	20.00		$3,500	$0	$3,500

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
2022	No data	$74,153	$1,913	No data
2021	$332,298	$473,873	$239,190	$-141,575
2020	$337,591	$323,648	$519,524	$13,943
2019	$326,485	$318,383	$489,454	$8,102
2018	$337,320	$333,991	$483,142	$3,329