SOUTHWEST ALABAMA WATER AUTHORITY

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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 community nonprofit in the Public & Societal Benefit sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 6% 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.

Program Service Accomplishments

Program 1

Expenses: $892,826

Rural Water Utilty Services to Customers located in Monroe, Wilcox, and Northern Conecuh Counties of the State of Alabama ( Water Sales, Water Service Connection fees, Water Customer Late Fees, Water...

Program 2

Expenses: $83,360

Interest Expense on all loans during the normal course of the entitys Business Operations.

Program 3

Expenses: $302,548

Other Depreciation Expense

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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