Hamilton Water District Inc

EIN: 640441304 Mutual Benefit

Hamilton, MS

Total Revenue
$949,119
Total Expenses
$945,882
Total Assets
$3,842,145
Net Assets
$-589,323
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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
MS
Principal Officer
James Bell
Phone
6623438387
Tax Period
2023-10-01 to 2024-09-30

Hamilton Water District Inc, founded in 1964, is a small nonprofit in the Mutual Benefit sector that reported $949K in total revenue in fiscal year 2023.

Mission

PROVIDE WATER SALES AND SERVICES TO MEMBERS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $930,085
Investment Income $19,034
Other Revenue $0
TOTAL REVENUE $949,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $244,501
Fundraising Expenses $0
Program Expenses $945,882
Other Expenses $701,381
TOTAL EXPENSES $945,882

Year-over-Year Comparison

2023 2022 Change
Revenue $949,119 $934,532 +0.0%
Expenses $945,882 $929,675 +0.0%
Net Income $3,237 $4,857 -0.3%
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

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Governance

Voting Members
5
Independent Members
5
Employees
8
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
$1,650
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan Honeycutt 2nd VP 1.00
Officer
$350 $0 $350
James Bell President 1.00
Officer
$350 $0 $350
Donnie Irvin Treasurer 1.00
Officer
$350 $0 $350
Tracy Pickle Secretary 1.00
Officer
$350 $0 $350
John W McCartney Vice President 1.00
Officer
$250 $0 $250
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 $949,119 $945,882 $3,842,145 $3,237
2023 $934,532 $929,675 $3,975,203 $4,857
2022 $887,369 $949,108 $4,106,843 $-61,739
2021 $907,823 $947,224 $4,245,188 $-39,401
2020 $851,067 $932,687 $4,460,902 $-81,620
2019 $822,424 $980,858 $4,606,982 $-158,434
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