KOSSUTH WATER ASSOCIATION INC (EIN 640524001) - Form 990 Financial Analysis & Trantor Score

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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

1970

Legal Domicile

Principal Officer

EDDIE JOE DAVIS

Phone

6622874310

Tax Period

2024-05-01 to 2025-04-30

KOSSUTH WATER ASSOCIATION INC, founded in 1970, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 13% surplus.

Mission

RURAL WATER ASSOCIATION PROVIDING WATER SERVICE TO APPROXIMATELY 2,500 MEMBERS IN THE KOSSUTH, ALCORN COUNTY, MS AREA.

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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 $209,688

Program Service Revenue $1,293,328

Investment Income $1,092

Other Revenue $6,394

TOTAL REVENUE $1,510,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $382,176

Fundraising Expenses $0

Other Expenses $933,124

TOTAL EXPENSES $1,315,300

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,510,502	$1,289,676	+0.2%
Expenses	$1,315,300	$1,337,534	0.0%
Net Income	$195,202	$-47,858	-5.1%

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

$9,500

Total Directors

$10,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDIE JOE DAVIS	PRESIDENT	15.00	Officer Director	$4,950	$0	$4,950
PAT SPENCER	SEC/TREASURE	10.00	Officer Director	$1,950	$0	$1,950
RICKY MARSH	BOARD MEMBER	8.00	Officer Director	$1,300	$0	$1,300
BRAD MATTOX	VICE PRESIDE	8.00	Officer Director	$1,300	$0	$1,300
GREG MITCHELL	BOARD MEMBER	8.00	Director	$1,300	$0	$1,300

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	$1,510,502	$1,315,300	$7,692,821	$195,202
2024	$1,289,676	$1,337,534	$7,710,340	$-47,858
2023	$1,592,238	$1,238,646	$7,939,006	$353,592
2022	$1,516,488	$1,154,904	$7,653,450	$361,584
2021	$1,204,817	$1,159,634	$7,451,447	$45,183
2020	$1,151,898	$1,194,400	$7,484,254	$-42,502
2019	$1,122,667	$1,223,927	$7,646,373	$-101,260

KOSSUTH WATER ASSOCIATION INC