LINCOLN RURAL WATER ASSN INC (EIN 640500305) - Form 990 Financial Analysis & Trantor Score

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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

TOMMY CUPIT

Phone

6018336449

Tax Period

2025-01-01 to 2025-12-31

LINCOLN RURAL WATER ASSN INC, founded in 1968, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $8.9M represent 42 months of operating reserves.

Mission

TO PROVIDE SAFE, HIGH QUALITY WATER SERVICES TO RURAL LANDOWNERS IN LINCOLN COUNTY, MS.

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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 $0

Program Service Revenue $2,482,119

Investment Income $40,834

Other Revenue $0

TOTAL REVENUE $2,522,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $668,366

Fundraising Expenses $0

Program Expenses $2,478,695

Other Expenses $1,810,329

TOTAL EXPENSES $2,478,695

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,522,953	$2,292,087	+0.1%
Expenses	$2,478,695	$2,205,800	+0.1%
Net Income	$44,258	$86,287	-0.5%

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

5252

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
EDWARD CASE	DIRECTOR	N/A	Director	$0	$0	$0
MIKE ELLIOTT	DIRECTOR	N/A	Director	$0	$0	$0
JOHNNY KING	DIRECTOR	N/A	Director	$0	$0	$0
DALE LOWERY	DIRECTOR	N/A	Director	$0	$0	$0
TOMMY CUPIT	PRESIDENT	N/A	Officer	$0	$0	$0
KEITH LEWIS	SEC/TREAS	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	$2,522,953	$2,478,695	$12,281,662	$44,258
2024	$2,292,087	$2,205,800	$10,246,906	$86,287
2023	$2,590,872	$2,044,990	$10,141,634	$545,882
2022	$2,084,801	$1,983,736	$9,494,287	$101,065
2021	$1,854,493	$1,843,532	$9,573,897	$10,961
2020	$1,853,071	$1,802,360	$9,629,609	$50,711
2019	$1,852,629	$1,681,523	$9,631,488	$171,106

LINCOLN RURAL WATER ASSN INC