LAFAYETTE SPRINGS WATER ASSOCIATIO… - Form 990 Financial Data

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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

Tax Period

2024-01-01 to 2024-12-31

LAFAYETTE SPRINGS WATER ASSOCIATION INC, founded in 1965, is a small nonprofit in the Public & Societal Benefit sector that reported $158K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $31K, a strong 20% operating margin.

Mission

TO PROVIDE SAFE DRINKING WATER TO LAFAYETTE SPRINGS WATER ASSOCIATION MEMBERS IN THE LAFAYETTE COUNTY AND PONTOTOC COUNTY AREA

Program Service Accomplishments

Program 1

Expenses: $126,881 Revenue: $146,381

PROVIDED SAFE DRINKING WATER TO LAFAYETTE SPRINGS WATER ASSOCIATION MEMBERS IN THE LAFAYETTE COUNTY AND PONTOTOC COUNTY AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $146,381

Investment Income $11,516

Other Revenue $0

TOTAL REVENUE $157,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,098

Fundraising Expenses $0

Program Expenses $126,881

Other Expenses $94,783

TOTAL EXPENSES $126,881

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,897	$140,293	+0.1%
Expenses	$126,881	$122,791	+0.0%
Net Income	$31,016	$17,502	+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

Governance

Voting Members

Independent Members

N/A

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
DANIEL ALLEN	President	20.00	Officer Director	$0	$0	$0
RANDY BISHOP	Director	0.00	Director	$0	$0	$0
MAC QUARLES	Secretary	0.00	Director	$0	$0	$0
JAMES MOONEY	Vice President	0.00	Director	$0	$0	$0
STEVE MONTGOMERY	Director	0.00	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
2024	$157,897	$126,881	$999,906	$31,016
2023	$140,293	$122,791	$1,052,992	$17,502
2022	$127,748	$108,861	$1,052,764	$18,887
2021	$126,774	$107,034	$1,050,565	$19,740
2020	$117,325	$98,598	$1,046,451	$18,727
2019	$118,319	$132,191	$1,043,045	$-13,872

LAFAYETTE SPRINGS WATER ASSOCIATION INC