DAYS WATER ASSOCIATION INC

EIN: 640466879

NESBIT, MS

Total Revenue
$464,713
Total Expenses
$856,106
Total Assets
$3,277,536
Net Assets
$1,330,267
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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
MS
Principal Officer
JAY SARTAIN
Phone
6627810351
Tax Period
2023-09-01 to 2024-08-31

DAYS WATER ASSOCIATION INC, founded in 1966, is a small nonprofit that reported $465K in total revenue in fiscal year 2023. Expenses of $856K exceeded revenue, resulting in a 84% operating deficit.

Mission

TO PROVIDE WATER 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 $462,920
Investment Income $1,793
Other Revenue $0
TOTAL REVENUE $464,713

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,698
Fundraising Expenses $0
Other Expenses $782,408
TOTAL EXPENSES $856,106

Year-over-Year Comparison

2023 2022 Change
Revenue $464,713 $480,498 0.0%
Expenses $856,106 $695,195 +0.2%
Net Income $-391,393 $-214,697 +0.8%
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
3
Independent Members
3
Employees
3
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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY ADAMS DIRECTOR 1.00
Director
$0 $0 $0
BRANDON POTTS VICE PRESIDE 1.00
Officer Director
$0 $0 $0
JAY SARTAIN PRESIDENT 2.00
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 No data No data No data No data
2024 $464,713 $856,106 $3,277,536 $-391,393
2023 $480,498 $695,195 $3,742,739 $-214,697
2022 $305,123 $442,337 $4,024,320 $-137,214
2021 $515,482 $486,767 $4,212,952 $28,715
2020 $497,482 $472,009 $4,262,866 $25,473
2019 $485,120 $533,358 $4,288,789 $-48,238
2018 $385,584 $413,375 $3,492,785 $-27,791
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