PUNKIN WATER ASSOCIATION INC

EIN: 640531540

OXFORD, MS

Total Revenue
$-647,298
Total Expenses
$813,501
Total Assets
N/A
Net Assets
N/A
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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
1971
Legal Domicile
MS
Principal Officer
GLYNN INGRAM
Phone
6628325946
Tax Period
2024-01-01 to 2024-12-31

PUNKIN WATER ASSOCIATION INC, founded in 1971, is a micro nonprofit that reported $647K in total revenue in fiscal year 2024. Revenue fell 190% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE SAFE DRINKING WATER TO RURAL COMMUNITY.

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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 $4,533
Program Service Revenue $543,356
Investment Income $-1,195,187
Other Revenue $0
TOTAL REVENUE $-647,298

Expense Breakdown

Grants Paid $0
Salaries & Benefits $121,200
Fundraising Expenses $0
Other Expenses $692,301
TOTAL EXPENSES $813,501

Year-over-Year Comparison

2024 2023 Change
Revenue $-647,298 $719,312 -1.9%
Expenses $813,501 $523,653 +0.6%
Net Income $-1,460,799 $195,659 -8.5%
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
5
Independent Members
5
Employees
4
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GLYNN INGRAM PRESIDENT N/A
Officer Director
$0 $0 $0
CRAIG ROBINSON VICE PRESIDE N/A
Officer Director
$0 $0 $0
JASON BUTTS DIRECTOR N/A
Director
$0 $0 $0
THOMAS ROGERS DIRECTOR N/A
Director
$0 $0 $0
TOM LINCOLN DIRECTOR N/A
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 $-647,298 $813,501 No data $-1,460,799
2023 $719,312 $523,653 $1,565,237 $195,659
2022 $670,009 $612,433 $1,962,515 $57,576
2021 $925,832 $554,483 $2,554,065 $371,349
2020 $550,183 $500,019 $2,033,265 $50,164
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