MIDWAY COMMUNITY 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

1968

Legal Domicile

Principal Officer

DAVID SHIPP

Phone

6626739435

Tax Period

2024-01-01 to 2024-12-31

MIDWAY COMMUNITY WATER ASSOCIATION, founded in 1968, is a small nonprofit in the Mutual Benefit sector that reported $301K in total revenue in fiscal year 2024. Expenses of $263K left a modest 13% surplus.

Mission

THE MISSION OF THIS NOT FOR PROFIT IS TO PROVIDE SAFE AFFORDABLE WATER TO THE BENTON MIDWAY COMMUNITIES OF YAZOO COUNTY, MISSISSIPPI.

Program Service Accomplishments

Program 1

THE MISSION OF THIS NOT FOR PROFIT IS TO PROVIDE SAFE AFFORDABLE WATER TO THE BENTON MIDWAY COMMUNITIES OF YAZOO COUNTY, MISSISSIPPI.

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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 $293,375

Investment Income $7,609

Other Revenue $0

TOTAL REVENUE $300,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,579

Fundraising Expenses $0

Other Expenses $232,182

TOTAL EXPENSES $262,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,984	$280,679	+0.1%
Expenses	$262,761	$260,431	+0.0%
Net Income	$38,223	$20,248	+0.9%

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
DAVID SHIPP	PRESIDENT	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	$300,984	$262,761	$863,194	$38,223
2023	$280,679	$260,431	$825,645	$20,248
2022	$278,021	$269,166	$817,500	$8,855
2021	$247,724	$279,924	$816,555	$-32,200
2020	$258,036	$267,620	$852,313	$-9,584
2019	$273,362	$261,147	$862,315	$12,215
2018	$243,778	$242,721	$854,325	$1,057