MIDWAY COMMUNITY WATER ASSOCIATION

EIN: 640476888 Mutual Benefit

BENTON, MS

Total Revenue
$300,984
Total Expenses
$262,761
Total Assets
$863,194
Net Assets
$690,086
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
MS
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.

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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%)

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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

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Governance

Voting Members
6
Independent Members
6
Employees
1
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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