LONG CREEK WATER ASSOCIATION INC (EIN 640437886) - 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

1966

Legal Domicile

Principal Officer

RUSSELL KEENE

Phone

6016933096

Tax Period

2024-07-01 to 2025-06-30

LONG CREEK WATER ASSOCIATION INC, founded in 1966, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 9% surplus.

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 $1,875,770

Investment Income $113,324

Other Revenue $16,897

TOTAL REVENUE $2,005,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $537,608

Fundraising Expenses $0

Program Expenses $1,643,268

Other Expenses $1,291,828

TOTAL EXPENSES $1,829,436

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,005,991	$1,730,784	+0.2%
Expenses	$1,829,436	$1,742,584	+0.0%
Net Income	$176,555	$-11,800	-16.0%

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

$5,400

Total Directors

$8,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOMMY JOE BUTLER	SECRETARY	10.00	Officer Director	$1,800	$0	$1,800
RUSSELL KEENE	PRESIDENT	10.00	Officer Director	$1,800	$0	$1,800
CAROLL MCLEMORE	VICE PRESIDE	10.00	Officer Director	$1,800	$0	$1,800
JIMMY ROBERSON	DIRECTOR	10.00	Director	$1,800	$0	$1,800
GLEN STEPHENS	DIRECTOR	10.00	Director	$1,700	$0	$1,700

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	$2,005,991	$1,829,436	$9,101,299	$176,555
2024	$1,730,784	$1,742,584	$8,982,309	$-11,800
2023	$1,671,074	$1,506,904	$9,059,671	$164,170
2022	$1,530,612	$1,299,719	$8,970,991	$230,893
2021	$1,674,261	$1,307,173	$8,771,171	$367,088
2020	$1,512,853	$1,299,801	$8,476,669	$213,052
2019	$1,425,309	$1,246,835	$8,518,299	$178,474

LONG CREEK WATER ASSOCIATION INC