HARLAND CREEK COMMUNITY WATER ASSOCIATION (EIN 640469125) - 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

1965

Legal Domicile

Principal Officer

MIKE PIERCE

Phone

6628342382

Tax Period

2025-01-01 to 2025-12-31

HARLAND CREEK COMMUNITY WATER ASSOCIATION, founded in 1965, is a small nonprofit that reported $896K in total revenue in fiscal year 2025. Revenue surged 270% from the prior year, signaling strong growth momentum. The organization ran a surplus of $585K, a strong 65% operating margin.

Mission

THE HARLAND CREEK COMMUNITY WATER ASSOCIATION WAS FORMED TO PROVIDE RURAL COMMUNITY WATER SOURCES IN PARTS OF HOLMES COUNTY, MS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $652,311

Program Service Revenue $238,531

Investment Income $3,209

Other Revenue $1,923

TOTAL REVENUE $895,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,148

Fundraising Expenses $0

Other Expenses $255,256

TOTAL EXPENSES $311,404

Year-over-Year Comparison

	2025	2024	Change
Revenue	$895,974	$242,285	+2.7%
Expenses	$311,404	$314,835	0.0%
Net Income	$584,570	$-72,550	-9.1%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILLY MAC ABLES	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
GLADYS COX	DIRECTOR	2.00	Director	$0	$0	$0
AUSTIN G EDWARDS	DIRECTOR	2.00	Director	$0	$0	$0
JAMES M DRENNAN III	SECRETARY	2.00	Director	$0	$0	$0
DENNIS KILLEBREW	DIRECTOR	2.00	Director	$0	$0	$0
MIKE PIERCE	PRESIDENT	2.00	Officer Director	$0	$0	$0
JIMMY FLOYD THOMAS	DIRECTOR	2.00	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	$895,974	$311,404	$3,221,723	$584,570
2024	$242,285	$314,835	$2,639,430	$-72,550
2023	$236,181	$293,712	$2,777,413	$-57,531
2022	$212,677	$281,703	$2,853,904	$-69,026
2021	$383,349	$276,906	$2,749,236	$106,443
2020	$195,187	$241,422	$2,337,923	$-46,235
2019	$196,691	$220,878	$1,744,173	$-24,187
2018	$204,432	$214,556	$1,265,990	$-10,124

HARLAND CREEK COMMUNITY WATER ASSOCIATION