PEARL RIVER CENTRAL WATER ASSOCIAT… - Form 990 Financial Data

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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

JERHOME STOCKSTILL

Phone

6017983103

Tax Period

2021-01-01 to 2021-12-31

PEARL RIVER CENTRAL WATER ASSOCIATION, founded in 1966, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2021. Revenue decreased 8% compared to the prior year. Net assets of $6.2M represent 35 months of operating reserves.

Mission

OWNERSHIP & OPERATION OF RURAL WATERWORKS SYSTEM. SERVICES PROVIDED SUBSTANTIALLY AT COST. PROVIDE WATER SERVICE TO RURAL AREAS THAT WOULD NOT OTHERWISE HAVE WATER SERVICE.

Program Service Accomplishments

Program 1

THE ORGANIZATION MAINTAINED AND OPERATED A MAIN DISTRIBUTION PIPELINE FROM THE WATER SUPPLY SOURCE AND SERVICE LINE FROM THE MAIN DISTRIBUTION PIPELINE TO THE PROPERTY LINE OF EACH MEMBER.

Program 2

PEARL RIVER CENTRAL WATER ASSOCIATION MAINTAINED METERS AT DESIGNATED POINTS ON MEMBERS' PROPERTY LINES. PEARL RIVER WATER ASSOCIATION ALSO PROVIDED WATER NEEDED FOR DOMESTIC, COMMERCIAL...

PEARL RIVER CENTRAL WATER ASSOCIATION MAINTAINED METERS AT DESIGNATED POINTS ON MEMBERS' PROPERTY LINES. PEARL RIVER WATER ASSOCIATION ALSO PROVIDED WATER NEEDED FOR DOMESTIC, COMMERCIAL, AGRICULTURAL, INDUSTRIAL, AND OTHER PURPOSES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,020,856

Investment Income $3,981

Other Revenue $66,825

TOTAL REVENUE $2,091,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $840,588

Fundraising Expenses $0

Other Expenses $1,345,885

TOTAL EXPENSES $2,186,473

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,091,662	$2,271,866	-0.1%
Expenses	$2,186,473	$1,952,129	+0.1%
Net Income	$-94,811	$319,737	-1.3%

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

$85,322

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM TURNER	DIRECTOR	0.00	Director	$0	$0	$0
JOHN HONSINGER	DIRECTOR	0.00	Director	$0	$0	$0
CHARLIE WASH	SECRETARY/TREASURER	0.00	Officer Director	$0	$0	$0
WARREN MEGEHEE	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
JERHOME STOCKSTILL	PRESIDENT	0.00	Officer Director	$0	$0	$0
PRESTON LADNER	DIRECTOR	0.00	Director	$0	$0	$0
WA MCCARDLE	DIRECTOR	0.00	Director	$0	$0	$0
LARRY COPLING	OPERATIONS MANAGER	1.00	Officer	$85,322	$0	$85,322

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
2021	$2,091,662	$2,186,473	$11,980,127	$-94,811
2020	$2,194,871	$1,911,942	$12,468,383	$282,929
2020	$2,271,866	$1,952,129	$12,266,048	$319,737
2019	$2,120,847	$1,806,718	$12,159,173	$314,129
2019	$2,315,870	$1,995,141	$11,555,707	$320,729
2018	$2,140,898	$1,853,792	$11,307,937	$287,106

PEARL RIVER CENTRAL WATER ASSOCIATION