CLARKDALE WATER ASSOCIATION INC (EIN 640433589) - 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

1964

Legal Domicile

Principal Officer

ANTHONY TRUHETT

Phone

6016934686

Tax Period

2024-07-01 to 2025-06-30

CLARKDALE WATER ASSOCIATION INC, founded in 1964, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $2.5M represent 29 months of operating reserves.

Mission

PROVIDING WATER TO CUSTOMERS IN A RURAL AREA IN LAUDERDALE COUNTY, MISSISSIPPI.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,007,548

Investment Income $38,542

Other Revenue $-1,748

TOTAL REVENUE $1,044,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,506

Fundraising Expenses $0

Program Expenses $955,356

Other Expenses $790,249

TOTAL EXPENSES $1,031,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,044,342	$945,071	+0.1%
Expenses	$1,031,755	$966,979	+0.1%
Net Income	$12,587	$-21,908	-1.6%

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

$1,764

Total Directors

$2,940

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG CHATHAM	VICE PRESIDE	10.00	Officer Director	$588	$0	$588
PHILLIP MOSLEY	DIRECTOR	10.00	Director	$588	$0	$588
ANTHONY TRUHETT	PRESIDENT	10.00	Officer Director	$588	$0	$588
TYRONE WILKINS	SECRETARY	10.00	Officer Director	$588	$0	$588
RW WILLIAMS	DIRECTOR	10.00	Director	$588	$0	$588

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
2025	$1,044,342	$1,031,755	$5,185,182	$12,587
2024	$945,071	$966,979	$5,232,207	$-21,908
2023	$883,550	$923,768	$5,316,621	$-40,218
2022	$790,440	$927,975	$5,610,260	$-137,535
2021	$809,964	$926,396	$5,831,050	$-116,432
2020	$792,199	$872,424	$6,032,581	$-80,225
2019	$767,496	$873,608	$6,194,089	$-106,112

CLARKDALE WATER ASSOCIATION INC