MEXIA WATER SYSTEM INC (EIN 630665278) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

ELIZABETH RICHARDSON

Phone

2517432332

Tax Period

2023-01-01 to 2023-12-31

Mexia Water System Inc, founded in 1968, is a small nonprofit in the Environment sector that reported $405K in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year. Expenses of $356K left a modest 12% surplus.

Mission

PROVIDE WATER SERVICES TO CUSTOMERS IN CENTRAL MONROE COUNTY, AL.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $199,718

Program Service Revenue $589,469

Investment Income $645

Other Revenue $0

TOTAL REVENUE $789,832

Expense Breakdown

Grants Paid $221,850

Salaries & Benefits $158,397

Fundraising Expenses $0

Other Expenses $341,589

TOTAL EXPENSES $721,836

Year-over-Year Comparison

	2023	2022	Change
Revenue	$789,832	$483,669	+0.6%
Expenses	$721,836	$608,307	+0.2%
Net Income	$67,996	$-124,638	-1.5%

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

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
JOANNE SNOWDEN	DIRECTOR	2.00	Director	$0	$0	$0
JOEL PEAVY	DIRECTOR	2.00	Director	$0	$0	$0
GERALD TRAWICK	DIRECTOR	2.00	Director	$0	$0	$0
JESSE SOBER	DIRECTOR	2.00	Director	$0	$0	$0
JOHNNIE SMITH	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$789,832	$721,836	$3,227,702	$67,996
2022	$483,669	$608,307	$3,212,033	$-124,638
2021	$396,687	$566,279	$3,369,879	$-169,592
2020	$430,798	$461,750	$3,617,618	$-30,952
2019	$394,013	$443,664	$3,724,130	$-49,651
2018	$404,737	$356,370	$4,154,775	$48,367

MEXIA WATER SYSTEM INC