SOUTHWEST LEAKE WATER ASSOCIATION (EIN 640534677) - 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

1968

Legal Domicile

Principal Officer

AARON FITZHUGH

Phone

6016549339

Tax Period

2024-06-01 to 2025-05-31

SOUTHWEST LEAKE WATER ASSOCIATION, founded in 1968, is a small nonprofit that reported $478K in total revenue in fiscal year 2024. Expenses of $458K left a modest 4% surplus.

Mission

PROVIDE WATER SERVICE TO RESIDENTS IN SOUTHWEST LEAKE COUNTY, 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 $462,351

Investment Income $15,746

Other Revenue $0

TOTAL REVENUE $478,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,025

Fundraising Expenses $0

Other Expenses $377,978

TOTAL EXPENSES $458,003

Year-over-Year Comparison

	2024	2023	Change
Revenue	$478,097	$474,808	+0.0%
Expenses	$458,003	$466,146	0.0%
Net Income	$20,094	$8,662	+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

$6,290

Total Directors

$8,690

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELEN HUTCHINS	VICE PRESIDENT	5.00	Officer Director	$2,290	$0	$2,290
ROYCE PIGG	SECRETARY/TREASURER	2.00	Director	$1,700	$0	$1,700
MARY JEAN EVANS	DIRECTOR	2.00	Officer Director	$1,500	$0	$1,500
JOHN KENNEDY	DIRECTOR	2.00	Officer Director	$1,900	$0	$1,900
AARON FITZHUGH	FORMER PRESIDENT	5.00	Officer Director	$600	$0	$600
PHIL WRIGHT	DIRECTOR	2.00	Director	$700	$0	$700

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	$478,097	$458,003	$2,675,971	$20,094
2024	$474,808	$466,146	$2,702,135	$8,662
2023	$444,061	$451,876	$2,743,526	$-7,815
2022	$414,659	$418,784	$2,785,264	$-4,125
2021	$447,922	$459,141	$2,830,551	$-11,219
2020	$396,480	$367,616	$2,858,788	$28,864
2019	$402,057	$402,011	$2,856,934	$46

SOUTHWEST LEAKE WATER ASSOCIATION