COPIAH WATER ASSOCIATION INC

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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

CARROLL ASHLEY

Phone

6018923738

Tax Period

2025-01-01 to 2025-12-31

COPIAH WATER ASSOCIATION INC, founded in 1965, is a community nonprofit in the Public & Societal Benefit sector that reported $1.9M in total revenue in fiscal year 2025. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $345K, a strong 19% operating margin.

Mission

TO PROVIDE CLEAN WATER TO MEMBERS

Program Service Accomplishments

Program 1

TO PROVIDE CLEAN WATER TO MEMBERSHIP

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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 $411,330

Program Service Revenue $1,192,530

Investment Income $10,971

Other Revenue $242,501

TOTAL REVENUE $1,857,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,120

Fundraising Expenses $0

Other Expenses $1,160,311

TOTAL EXPENSES $1,512,431

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,857,332	$2,700,707	-0.3%
Expenses	$1,512,431	$1,240,589	+0.2%
Net Income	$344,901	$1,460,118	-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

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
STEVE BOZEMAN	DIRECTOR	N/A	Director	$0	$0	$0
JOY FOY	DIRECTOR	N/A	Director	$0	$0	$0
PRICE HENLEY	DIRECTOR	N/A	Director	$0	$0	$0
DOUG MCELVEEN	DIRECTOR	N/A	Director	$0	$0	$0
CARROLL REESE	DIRECTOR	N/A	Director	$0	$0	$0
MIKE ROSE	DIRECTOR	N/A	Director	$0	$0	$0
CARROLL ASHLEY	PRESIDENT	N/A	Officer	$0	$0	$0
RONNIE CHANNELL	SEC-TREAS	N/A	Officer	$0	$0	$0
CARROLL MANGUM	VICE PRESIDE	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
2025	$1,857,332	$1,512,431	$6,906,794	$344,901
2024	$2,700,707	$1,240,589	$6,556,975	$1,460,118
2023	$1,434,167	$1,237,407	$5,215,789	$196,760
2022	$1,142,139	$1,139,709	$5,074,129	$2,430
2021	$1,053,381	$1,154,877	$5,155,108	$-101,496
2020	$1,149,554	$1,038,667	$5,397,993	$110,887
2019	$1,081,608	$1,022,964	$5,372,103	$58,644
2018	$1,015,818	$1,013,075	$5,385,730	$2,743