STEELE RINGGOLD GOODHOPE WATER ASSOCIATION INC

EIN: 640469404

FOREST, MS

Total Revenue
$1,030,907
Total Expenses
$1,046,166
Total Assets
$2,643,602
Net Assets
$2,121,183
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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
1967
Legal Domicile
MS
Principal Officer
KERRY HAMMONS
Phone
6014692530
Tax Period
2024-01-01 to 2024-12-31

STEELE RINGGOLD GOODHOPE WATER ASSOCIATION INC, founded in 1967, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $2.1M represent 25 months of operating reserves.

Mission

WATER UTILITY TO RURAL COMMUNITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,015,827
Investment Income $13,895
Other Revenue $1,185
TOTAL REVENUE $1,030,907

Expense Breakdown

Grants Paid $0
Salaries & Benefits $462,010
Fundraising Expenses $0
Program Expenses $1,046,166
Other Expenses $584,156
TOTAL EXPENSES $1,046,166

Year-over-Year Comparison

2024 2023 Change
Revenue $1,030,907 $952,890 +0.1%
Expenses $1,046,166 $827,421 +0.3%
Net Income $-15,259 $125,469 -1.1%
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

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Governance

Voting Members
10
Independent Members
10
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
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KERRY HAMMONS PRESIDENT N/A
Officer Director
$0 $0 $0
RACHELL EAVES SECRETARY N/A
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 $1,030,907 $1,046,166 $2,643,602 $-15,259
2023 $952,890 $827,421 $2,744,245 $125,469
2022 $807,124 $839,297 $2,670,586 $-32,173
2021 $805,879 $870,038 $2,770,875 $-64,159
2020 $830,385 $667,786 $2,121,121 $162,599
2019 $888,575 $695,421 $1,963,968 $193,154
2018 $876,168 $704,344 $1,761,577 $171,824
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