SHORT-COLEMAN PARK WATER ASSOCIATIO

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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

BOBBY BONDS

Phone

6624240017

Tax Period

2023-07-01 to 2024-06-30

SHORT-COLEMAN PARK WATER ASSOCIATIO, founded in 1968, is a small nonprofit that reported $800K in total revenue in fiscal year 2023. Net assets of $3.4M represent 51 months of operating reserves.

Mission

TO PROVIDE WATER SERVICE TO RURAL RESIDENTS OF TISHOMINGO COUNTY, MISSISSIPPI.

Program Service Accomplishments

Program 1

WATER SERVICE PROVIDED TO RURAL CUSTOMERS IN TISHOMINGO 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $776,854

Investment Income $23,531

Other Revenue $0

TOTAL REVENUE $800,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $224,422

Fundraising Expenses $0

Other Expenses $626,754

TOTAL EXPENSES $851,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$800,385	$751,714	+0.1%
Expenses	$851,176	$850,648	+0.0%
Net Income	$-50,791	$-98,934	-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

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
BOBBY BONDS	PRESIDENT	2.00	Officer Director	$0	$0	$0
RALPH GLOVER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
BILLY BULLARD	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
MATT DAVIS	VICE PRESIDE	2.00	Director	$0	$0	$0
JOHN MINCY	DIRECTOR	2.00	Director	$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	No data	No data	No data	No data
2024	$800,385	$851,176	$3,906,346	$-50,791
2023	$751,714	$850,648	$3,567,794	$-98,934
2022	$674,210	$763,823	$3,606,473	$-89,613
2021	$647,762	$609,836	$3,695,043	$37,926
2020	$627,044	$698,760	$3,657,645	$-71,716
2019	$600,107	$624,158	$3,723,980	$-24,051