MOUNT COMFORT WATER ASSOCIATION INC

EIN: 640444004

BRUCE, MS

Total Revenue
$936,774
Total Expenses
$971,592
Total Assets
$7,362,270
Net Assets
$3,464,864
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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
1965
Legal Domicile
MS
Principal Officer
CHARLIE SPRADLING
Phone
6629837420
Tax Period
2022-08-01 to 2023-07-31

MOUNT COMFORT WATER ASSOCIATION INC, founded in 1965, is a small nonprofit that reported $937K in total revenue in fiscal year 2022. Net assets of $3.5M represent 44 months of operating reserves.

Mission

RURAL WATER ASSOCIATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $930,535
Investment Income $6,239
Other Revenue $0
TOTAL REVENUE $936,774

Expense Breakdown

Grants Paid $0
Salaries & Benefits $260,473
Fundraising Expenses $0
Other Expenses $711,119
TOTAL EXPENSES $971,592

Year-over-Year Comparison

2022 2021 Change
Revenue $936,774 $918,744 +0.0%
Expenses $971,592 $905,047 +0.1%
Net Income $-34,818 $13,697 -3.5%
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
6
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE BENNETT DIRECTOR N/A
Director
$0 $0 $0
TOMMY CAIN DIRECTOR N/A
Director
$0 $0 $0
TED CAMP DIRECTOR N/A
Director
$0 $0 $0
MAX NICHOLS SECRETARY N/A
Officer Director
$0 $0 $0
CHARLIE SPRADLING PRESIDENT N/A
Officer Director
$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
2024 No data No data No data No data
2023 $936,774 $971,592 $7,362,270 $-34,818
2022 $918,744 $905,047 $7,592,331 $13,697
2021 $1,010,988 $871,789 $7,644,103 $139,199
2020 $1,383,524 $799,576 $7,720,505 $583,948
2019 $711,240 $693,594 $5,178,237 $17,646
2018 $771,534 $658,900 $4,224,382 $112,634
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