SOUTHWEST ALABAMA WATER AUTHORITY (EIN 630780640) - 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

1978

Legal Domicile

Principal Officer

YOLANDA JACKSON

Phone

2515642727

Tax Period

2024-01-01 to 2024-12-31

SOUTHWEST ALABAMA WATER AUTHORITY, founded in 1978, is a small nonprofit in the Public & Societal Benefit sector that reported $990K in total revenue in fiscal year 2019. Expenses of $904K left a modest 9% surplus.

Mission

Non profit Rural Water Utility Organization ( Quasi Govt ) with its administrative Office Located in Peterman,AL. This entity provides Water Utilities Service to approx. 1,900 Customers.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,358,102

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,358,102

Expense Breakdown

Grants Paid $0

Salaries & Benefits $545,620

Fundraising Expenses $0

Program Expenses $1,278,734

Other Expenses $733,114

TOTAL EXPENSES $1,278,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,358,102	$1,198,944	+0.1%
Expenses	$1,278,734	$684,071	+0.9%
Net Income	$79,368	$514,873	-0.8%

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

$14,800

Total Directors

$19,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YOLANDA JACKSON CHAIRMAN OF BOARD	PETERMAN, AL. 36471	5.00	Officer Director	$6,200	$0	$6,200
JOHN SALTER	PETERMAN,AL. 36471	5.00	Officer Director	$4,400	$0	$4,400
GEORGE MCCANTS	PETERMAN,AL. 36471	5.00	Officer Director	$4,200	$0	$4,200
MARY SMITH	PETERMAN,AL. 36471	5.00	Director	$4,800	$0	$4,800

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	$1,358,102	$1,278,734	$6,049,484	$79,368
2023	$1,198,944	$684,071	$6,060,997	$514,873
2022	$1,173,130	$746,465	$6,266,404	$426,665
2021	$1,082,699	$933,722	$6,199,816	$148,977
2020	$1,055,623	$892,234	$6,299,479	$163,389
2019	$989,782	$903,843	$6,413,835	$85,939

SOUTHWEST ALABAMA WATER AUTHORITY