BEULAH HUBBARD WATER ASSOCIATION I

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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

WAYNE LANIER

Phone

6017740501

Tax Period

2023-01-01 to 2023-12-31

BEULAH HUBBARD WATER ASSOCIATION I, founded in 1968, is a small nonprofit in the Mutual Benefit sector that reported $507K in total revenue in fiscal year 2023. Net assets of $2.0M represent 48 months of operating reserves.

Mission

PROVIDING WATER TO CUSTOMERS IN A RURAL AREA IN NEWTON COUNTY, MISSISSIPPI

Program Service Accomplishments

Program 1

Expenses: $132,086

DEPRECIATION EXPENSE - DEPRECIATION IS CLAIMED ON THE WATER DISTRIBUTION SYSTEM AND ALL EQUIPMENT REQUIRED TO MAINTAIN AND SERVICE THE WELL, DISTRIBUTION SYSTEM, AND TREATMENT FACILITY. DEPRECIATION...

Program 2

Expenses: $90,429

SALARIES EXPENSE - ALL EMPLOYEES OF THE ASSOCIATION WORK FOR THE BETTERMENT OF THE ASSOCIATION TO KEEP THE SYSTEM RUNNING AND SERVING ALL CUSTOMERS.

Program 3

Expenses: $66,471

WATER WELL SUPPLIES - THE ASSOCIATION MAINTAINS A WELL, DISTRIBUTION SYSTEM, AND TREATMENT FACILITY FOR OPERATION THAT REQUIRES SIGNIFICANT QUANTITY OF SUPPLIES.

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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 $498,298

Investment Income $9,030

Other Revenue $0

TOTAL REVENUE $507,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,378

Fundraising Expenses $0

Program Expenses $455,204

Other Expenses $353,765

TOTAL EXPENSES $506,143

Year-over-Year Comparison

	2023	2022	Change
Revenue	$507,328	$485,712	+0.0%
Expenses	$506,143	$496,987	+0.0%
Net Income	$1,185	$-11,275	-1.1%

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
VICTOR CHANEY	DIRECTOR	7.00	Director	$0	$0	$0
JERRY CLEVELAND	SECRETARY	7.00	Officer Director	$0	$0	$0
KENNETH HAGAN	VICE PRESIDE	7.00	Officer Director	$0	$0	$0
WAYNE LANIER	PRESIDENT	7.00	Officer Director	$0	$0	$0
KEITH MCMAHAN	DIRECTOR	7.00	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
2024	No data	No data	No data	No data
2023	$507,328	$506,143	$3,028,293	$1,185
2022	$485,712	$496,987	$3,141,978	$-11,275
2021	$477,781	$455,200	$3,255,272	$22,581
2020	$476,137	$443,674	$3,328,252	$32,463
2019	$634,355	$429,725	$3,371,087	$204,630
2018	$765,737	$428,296	$3,171,433	$337,441