ADAMS COUNTY WATER ASSOCIATION INC

EIN: 640438058

WASHINGTON, MS

Total Revenue
$4,665,227
Total Expenses
$2,962,537
Total Assets
$12,238,413
Net Assets
$8,749,504
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1972
Principal Officer
DR SAM TUMMINELLO
Phone
6014466616
Tax Period
2024-10-01 to 2025-09-30

ADAMS COUNTY WATER ASSOCIATION INC, founded in 1972, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 36% operating margin.

Mission

ADAMS COUNTY WATER ASSOCIATION, INC IS A NON-PROFIT WATER AND SEWER UTILITY DEDICATED TO THE MEMBERS WE SERVE. OUR BOARD OF TRUSTEES, MANAGEMENT, AND STAFF TAKE SERIOUSLY THE RESPONSIBILITY OF FURNISHING THESE VITAL SERVICES TO OUR COMMUINITY. OUR MISSION IS TO PROVIDE DISTRIBUTION OF WATER TO RURAL SUBSCRIBERS OF ADAMS COUNTY WATER ASSOCIATION.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,636,958
Program Service Revenue $2,962,253
Investment Income $66,016
Other Revenue $0
TOTAL REVENUE $4,665,227

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,081,500
Fundraising Expenses $0
Other Expenses $1,881,037
TOTAL EXPENSES $2,962,537

Year-over-Year Comparison

2024 2023 Change
Revenue $4,665,227 $2,903,149 +0.6%
Expenses $2,962,537 $2,829,186 +0.0%
Net Income $1,702,690 $73,963 +22.0%
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

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
14
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHNNIE BROWN TRUSTEE N/A
Director
$0 $0 $0
JOYCE CORNETT DIRECTOR N/A
Director
$0 $0 $0
LYNN LECKIE DIRECTOR N/A
Director
$0 $0 $0
MARION SMITH TRUSTEE N/A
Director
$0 $0 $0
JACK COX VICE PRESIDE N/A
Officer
$0 $0 $0
LYNWOOD EASTERLING TREASURER N/A
Officer
$0 $0 $0
MARY ED GUEDON SECRETARY N/A
Officer
$0 $0 $0
DR SAM TUMMINELLO PRESIDENT N/A
Officer
$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
2025 $4,665,227 $2,962,537 $12,238,413 $1,702,690
2024 $2,902,408 $2,829,185 $10,551,567 $73,223
2023 $2,598,025 $2,603,361 $10,369,595 $-5,336
2022 $2,548,841 $2,544,335 $10,179,839 $4,506
2021 $2,625,959 $2,467,700 $9,325,426 $158,259
2020 $2,506,360 $2,296,615 $9,868,084 $209,745
2019 $2,480,635 $2,389,710 $9,669,836 $90,925
2018 $2,661,960 $2,531,610 $9,867,452 $130,350
Explore More Nonprofits
→Top 100 Nonprofits in Mississippi →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ADAMS COUNTY WATER ASSOCIATION INC with other nonprofits in Mississippi and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.