NORTH LAUDERDALE WATER ASSOCIATION

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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

Principal Officer

TODD KIEFER

Phone

6016816157

Tax Period

2024-05-01 to 2025-04-30

NORTH LAUDERDALE WATER ASSOCIATION, founded in 1966, is a community nonprofit in the Public & Societal Benefit sector that reported $2.9M in total revenue in fiscal year 2024.

Mission

NORTH LAUDERDALE WATER ASSOCIATION, INC. IS A RURAL WATER ASSOCIATION PROVIDING WATER TO CUSTOMERS IN A RURAL AREA IN NORTH CENTRAL LAUDERDALE COUNTY, MISSISSIPPI.

Program Service Accomplishments

Program 1

Expenses: $589,105

DEPRECIATION EXPENSE - DEPRECIATION IS CLAIMED ON THE WATER DISTRIBUTION SYSTEM AND ALL EQUIPMENT REQUIRED TO MAINTAIN AND SERVICE THE WELL, DISTRIBUTION SYSTEM, AND TREATMENT FACILITY ALONG WITH...

DEPRECIATION EXPENSE - DEPRECIATION IS CLAIMED ON THE WATER DISTRIBUTION SYSTEM AND ALL EQUIPMENT REQUIRED TO MAINTAIN AND SERVICE THE WELL, DISTRIBUTION SYSTEM, AND TREATMENT FACILITY ALONG WITH EQUIPMENT USED TO MAINTAIN INTERNET SERVICES. DEPRECIATION IS CLAIMED UTILIZING THE STRAIGHT LINE METHOD OF DEPRECIATION.

Program 2

Expenses: $562,730

SALARIES EXPENSE - ALL EMPLOYEES OF THE ASSOCIATION WORK FOR THE BETTERMENT OF THE ASSOCIATION TO KEEP THE WELLS RUNNING AND SERVING ALL CUSTOMERS.

Program 3

Expenses: $237,099

INTEREST EXPENSE - NORTH LAUDERDALE WATER ASSOCIATION, INC. COMPLETED A LARGE REDESIGN AND UPGRADE OF THE WATER SYSTEM, INCLUDING A NEW WATER STORAGE TANK. A LARGE PORTION OF THE REVENUE IS USED TO...

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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 $2,806,942

Investment Income $78,207

Other Revenue $0

TOTAL REVENUE $2,885,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $915,907

Fundraising Expenses $0

Program Expenses $2,548,209

Other Expenses $1,931,381

TOTAL EXPENSES $2,847,288

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,885,149	$2,750,668	+0.0%
Expenses	$2,847,288	$2,690,717	+0.1%
Net Income	$37,861	$59,951	-0.4%

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

$73,271

Total Directors

$76,471

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD KIEFER	PRESIDENT	30.00	Officer Director	$70,671	$0	$70,671
ZENA LIMERICK	DIRECTOR	10.00	Director	$1,700	$0	$1,700
JOHN LAMBERTH	SECRETARY	10.00	Officer Director	$1,600	$0	$1,600
LANCE PRICE	DIRECTOR	10.00	Director	$1,500	$0	$1,500
PAUL GOLDMAN	VICE PRESIDE	10.00	Officer Director	$1,000	$0	$1,000

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	$2,885,149	$2,847,288	$10,143,157	$37,861
2024	$2,750,668	$2,690,717	$10,356,791	$59,951
2023	$3,057,756	$2,553,830	$10,538,235	$503,926
2022	$2,609,567	$2,354,776	$10,496,704	$254,791
2021	$2,677,989	$2,258,735	$10,491,271	$419,254
2020	$2,379,117	$2,141,699	$10,134,870	$237,418
2019	$2,546,298	$2,190,679	$10,134,647	$355,619