LANGFORD WATER ASSOCIATION INC (EIN 640467607) - Form 990 Financial Analysis & Trantor Score

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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

Tax Period

2023-01-01 to 2023-12-31

LANGFORD WATER ASSOCIATION INC, founded in 1966, is a small nonprofit that reported $694K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $4.4M represent 75 months of operating reserves.

Mission

THE LANGFORD WATER ASSOCIATION WAS FORMED TO PROVIDE WATER SERVICES TO NORTH RANKIN COUNTY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $669,455

Investment Income $24,832

Other Revenue $0

TOTAL REVENUE $694,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,823

Fundraising Expenses $0

Program Expenses $695,100

Other Expenses $599,277

TOTAL EXPENSES $695,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$694,287	$584,887	+0.2%
Expenses	$695,100	$529,448	+0.3%
Net Income	$-813	$55,439	-1.0%

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

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	Role	Reportable Comp	Other Comp	Total
CHAD THOMPSON	BOARD MEMBER	Director	$0	$0	$0
WILLIAM SEKUL	BOARD MEMBER	Director	$0	$0	$0
SHANE ADAMS	SECRETARY	Officer	$0	$0	$0
BUDDY BURKETT	PRESIDENT	Officer	$0	$0	$0
ROBERT CHILDRESS	VICE PRESIDENT	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
2024	No data	No data	No data	No data
2023	$694,287	$695,100	$4,885,822	$-813
2022	$584,887	$529,448	$4,609,437	$55,439
2021	$517,296	$563,654	$4,677,336	$-46,358
2020	$532,604	$598,085	$4,743,747	$-65,481
2019	$520,544	$561,958	$4,748,863	$-41,414
2018	$1,003,256	$525,044	$4,751,548	$478,212

LANGFORD WATER ASSOCIATION INC