MOUNT COMFORT WATER ASSOCIATION INC

🔒

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

Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

CHARLIE SPRADLING

Phone

6629837420

Tax Period

2024-08-01 to 2025-07-31

MOUNT COMFORT WATER ASSOCIATION INC, founded in 1965, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Net assets of $3.5M represent 41 months of operating reserves.

Mission

RURAL WATER ASSOCIATION

Program Service Accomplishments

Program 1

RURAL WATER ASSOCIATION SERVING APPROXIMATELY 1600 CUSTOMERS IN NORTHERN CALHOUN AND SOUTHERN LAFAYETTE COUTINES IN MISSISSIPPI.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $979,518

Investment Income $27,872

Other Revenue $9,060

TOTAL REVENUE $1,016,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,860

Fundraising Expenses $0

Other Expenses $802,717

TOTAL EXPENSES $1,111,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,016,450	$1,015,929	+0.0%
Expenses	$1,111,577	$929,952	+0.2%
Net Income	$-95,127	$85,977	-2.1%

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

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

Total Directors

Key Employees

Highest Compensated

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
2025	$1,016,450	$1,111,577	$7,130,775	$-95,127
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