EAST QUITMAN WATER ASSOCIATION INC (EIN 640525063) - 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

1988

Legal Domicile

Tax Period

2024-07-01 to 2025-06-30

EAST QUITMAN WATER ASSOCIATION INC, founded in 1988, is a small nonprofit that reported $730K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $124K, a strong 17% operating margin.

Mission

EAST QUITMAN WATER ASSOCIATION INC IS A RURAL WATER ASSOCIATION PROVIDING WATER TO CUSTOMERS IN RURAL AREAS OF CLARKE COUNTY NEAR QUITMAN MISSISSIPPI

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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 $664,135

Investment Income $65,868

Other Revenue $0

TOTAL REVENUE $730,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,497

Fundraising Expenses $0

Program Expenses $606,483

Other Expenses $344,986

TOTAL EXPENSES $606,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$730,003	$639,082	+0.1%
Expenses	$606,483	$634,932	0.0%
Net Income	$123,520	$4,150	+28.8%

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	Role	Reportable Comp	Other Comp	Total
ANTHONY MCKENZIE	PRESIDENT	Officer	$0	$0	$0
MIKE WILLIAMS	VICE PRESIDENT	Officer	$0	$0	$0
ROBERT SMITH	SECRETARYTREASURER	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	$730,003	$606,483	$2,069,445	$123,520
2024	$639,082	$634,932	$1,965,367	$4,150
2023	$600,577	$580,285	$1,979,178	$20,292
2022	$606,361	$589,075	$1,979,425	$17,286
2021	$665,293	$564,721	$2,007,622	$100,572
2020	$687,341	$567,780	$1,955,168	$119,561
2019	$585,495	$556,544	$1,940,626	$28,951

EAST QUITMAN WATER ASSOCIATION INC