MT OLIVET WATER ASSOCIATION INC

EIN: 640518474 Mutual Benefit

Batesville, MS

Total Revenue
$270,444
Total Expenses
$178,311
Total Assets
$1,270,641
Net Assets
$873,219
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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
MS
Phone
6625635189
Tax Period
2024-03-01 to 2025-02-28

MT OLIVET WATER ASSOCIATION INC, founded in 1968, is a small nonprofit in the Mutual Benefit sector that reported $270K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $92K, a strong 34% operating margin.

Mission

TO PROVIDE SAFE DRINKING WATER

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $268,791
Investment Income $1,653
Other Revenue $0
TOTAL REVENUE $270,444

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $174,556
Other Expenses $178,311
TOTAL EXPENSES $178,311

Year-over-Year Comparison

2024 2023 Change
Revenue $270,444 $225,053 +0.2%
Expenses $178,311 $150,999 +0.2%
Net Income $92,133 $74,054 +0.2%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT MCKINNEY DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BROWNING DIRECTOR 1.00
Director
$0 $0 $0
ROBERT PATTERSON PRESIDENT 1.00
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 $270,444 $178,311 $1,270,641 $92,133
2024 $225,053 $150,999 $1,196,475 $74,054
2023 $211,075 $168,384 $1,132,023 $42,691
2022 $223,007 $157,460 $1,097,336 $65,547
2021 $221,415 $180,962 $1,040,763 $40,453
2020 $205,192 $172,388 $1,012,831 $32,804
2019 $203,399 $181,672 $989,578 $21,727
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