EASTSIDE 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

Ernest Perry

Phone

6018785874

Tax Period

2024-01-01 to 2024-12-31

EASTSIDE WATER ASSOCIATION INC, founded in 1966, is a small nonprofit in the Public & Societal Benefit sector that reported $130K in total revenue in fiscal year 2024. Expenses of $185K exceeded revenue, resulting in a 42% operating deficit.

Mission

Eastside Water Association, Inc.'s purpose is to provide water service to the rural areas in Terry, Hinds County, Mississippi.

Program Service Accomplishments

Program 1

Expenses: $185,730 Revenue: $124,610

338 homes receive water service through this organization

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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 $124,610

Investment Income $5,691

Other Revenue $0

TOTAL REVENUE $130,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,564

Fundraising Expenses $0

Program Expenses $185,730

Other Expenses $139,743

TOTAL EXPENSES $185,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130,301	$123,972	+0.1%
Expenses	$185,307	$156,020	+0.2%
Net Income	$-55,006	$-32,048	+0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ruth Cooper	Board Member	0.50	Director	$0	$0	$0
Milton Thompson	Board Member	0.50	Director	$0	$0	$0
Charles Jackson	Board Member	0.50	Director	$0	$0	$0
Alexander Fields	Board Member	0.5	Director	$0	$0	$0
Melissa Whigham	Board Member	0.5	Director	$0	$0	$0
Paulette Horne	Board Member	0.5	Director	$0	$0	$0
Earnest Perry	President	1	Officer	$0	$0	$0
Tony Fields	Secretary	0.5	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	$130,301	$185,307	$646,676	$-55,006
2023	$123,972	$156,020	$710,083	$-32,048
2022	$119,753	$156,410	$750,170	$-36,657
2021	$126,310	$162,945	$794,630	$-36,635
2020	$125,052	$142,416	$838,840	$-17,364
2019	$122,608	$136,947	$863,617	$-14,339
2018	$123,590	$141,750	$885,094	$-18,160