PORTERVILLE 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

1969

Legal Domicile

Principal Officer

CERVERA DAVIS

Phone

6623239071

Tax Period

2024-07-01 to 2025-06-30

PORTERVILLE WATER ASSOCIATION, founded in 1969, is a small nonprofit that reported $685K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $631K left a modest 8% surplus.

Mission

TO PROVIDE WATER FOR DOMESTIC, COMMERCIAL, AGRICULTURAL AND INDUSTRIAL NEEDS FOR THE RESIDENTS IN THE AREA OF THE COMMUNITY OF PORTERVILLE, MISSISSIPPI.

Program Service Accomplishments

Program 1

PORTERVILLE WATER ASSOCIATION IS MADE UP OF APPROXIMATELY 975 MEMBERS. THE ASSOCIATION PROVIDES WATER FOR DOMESTIC, AGRICULTURAL, AND INDUSTRIAL PURPOSES TO ITS MEMBERS.

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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 $677,523

Investment Income $5,009

Other Revenue $2,659

TOTAL REVENUE $685,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,821

Fundraising Expenses $0

Program Expenses $619,921

Other Expenses $426,275

TOTAL EXPENSES $631,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$685,191	$588,444	+0.2%
Expenses	$631,096	$598,229	+0.1%
Net Income	$54,095	$-9,785	-6.5%

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

N/A

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

$6,825

Total Directors

$4,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CERVERA DAVIS	PRESIDENT	6.00	Officer	$6,000	$0	$6,000
JOHNNY BROWN	DIRECTOR	1.00	Director	$900	$0	$900
CHARLES CROSS	DIRECTOR	1.00	Director	$900	$0	$900
DANNY SIMON	DIRECTOR	1.00	Director	$900	$0	$900
GLADYS BRYANT	DIRECTOR	1.00	Director	$825	$0	$825
ANDREW FLEMING	DIRECTOR	1.00	Director	$825	$0	$825
LOUIE HOPSON	VICE PRESIDE	1.00	Officer	$825	$0	$825

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	$685,191	$631,096	$2,518,605	$54,095
2024	$588,444	$598,229	$2,337,595	$-9,785
2023	$558,013	$580,043	$2,412,217	$-22,030
2022	$533,773	$584,107	$2,505,606	$-50,334
2021	$576,334	$545,684	$2,621,937	$30,650
2020	$684,429	$494,750	$2,711,413	$189,679
2019	$457,217	$467,159	$2,523,002	$-9,942