SOUTH CENTRAL 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

1966

Legal Domicile

Principal Officer

EUGENE OSBORN

Phone

6018789639

Tax Period

2024-09-01 to 2025-08-31

SOUTH CENTRAL WATER ASSOCIATION INC, founded in 1966, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 55% operating margin.

Mission

TO PROVIDE WATER SERVICES FOR THE SOUTH CENTRAL PORTION OF HINDS COUNTY, MISSISSIPPI.

Program Service Accomplishments

Program 1

Expenses: $1,791,357

TO PROVIDE WATER SERVICES FOR THE SOUTH CENTRAL PORTION OF HINDS COUNTY, MISSISSIPPI TO AN AVERAGE OF 4,638 CUSTOMERS.

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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 $1,815,994

Program Service Revenue $2,857,956

Investment Income $49,788

Other Revenue $0

TOTAL REVENUE $4,723,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $456,053

Fundraising Expenses $0

Program Expenses $1,791,357

Other Expenses $1,649,997

TOTAL EXPENSES $2,106,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,723,738	$2,955,306	+0.6%
Expenses	$2,106,050	$2,019,774	+0.0%
Net Income	$2,617,688	$935,532	+1.8%

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

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

$108,666

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EUGENE OSBORN	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM W FERGUSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DR RAY SULLIVAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
REV TONIE CRISLER	DIRECTOR	1.00	Director	$0	$0	$0
REV TERRY FUNCHES	DIRECTOR	1.00	Director	$0	$0	$0
REV JOSEPH TERRY	DIRECTOR	1.00	Director	$0	$0	$0
NADYNE MCGEHEE	DIRECTOR	1.00	Director	$0	$0	$0
REV ROBERT D WELLS	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE BRISTER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BARLOW	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JODY OGLETREE	DIRECTOR	1.00	Director	$0	$0	$0
CECIL ALLEGREZZA	DIRECTOR	1.00	Director	$0	$0	$0
MACK LOWERY	DIRECTOR	1.00	Director	$0	$0	$0
INZA H CALLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS KEVIN HAND	GENERAL MANAGER	40.00	Officer	$98,787	$9,879	$108,666

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	$4,723,738	$2,106,050	$27,976,254	$2,617,688
2024	$2,955,306	$2,019,774	$17,137,427	$935,532
2023	$2,463,068	$1,774,321	$11,108,143	$688,747
2022	$2,242,243	$1,880,215	$10,480,269	$362,028
2021	$1,798,570	$1,732,714	$10,224,851	$65,856
2020	$1,807,542	$1,616,171	$10,397,943	$191,371
2019	$1,660,849	$1,605,049	$10,119,840	$55,800
2018	$1,625,520	$1,448,302	$10,108,586	$177,218