SOUTH CENTREVILLE WATER ASSOCIATION INC

EIN: 640546137 Mutual Benefit

CENTREVILLE, MS

Total Revenue
$365,759
Total Expenses
$322,820
Total Assets
$783,305
Net Assets
$470,614
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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
1974
Legal Domicile
MS
Principal Officer
JOHN I MCKEY
Phone
6016455533
Tax Period
2024-05-01 to 2025-04-30

SOUTH CENTREVILLE WATER ASSOCIATION INC, founded in 1974, is a small nonprofit in the Mutual Benefit sector that reported $366K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $323K left a modest 12% surplus.

Mission

RURAL WATER SYSTEM

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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 $0
Program Service Revenue $328,963
Investment Income $12,712
Other Revenue $24,084
TOTAL REVENUE $365,759

Expense Breakdown

Grants Paid $0
Salaries & Benefits $139,972
Fundraising Expenses $0
Other Expenses $182,848
TOTAL EXPENSES $322,820

Year-over-Year Comparison

2024 2023 Change
Revenue $365,759 $400,156 -0.1%
Expenses $322,820 $316,877 +0.0%
Net Income $42,939 $83,279 -0.5%
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
N/A
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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN I MCKEY PRESIDENT 8.00
Director
$0 $0 $0
ODELL FRANKLIN VICE PRESIDENT 8.00
Director
$0 $0 $0
PATRICIA L ROGERS SECRETARY 8.00
Director
$0 $0 $0
RUSSELL KNIGHTON MEMBER 8.00
Director
$0 $0 $0
SAMUEL L FRANKLIN MEMBER 8.00
Director
$0 $0 $0
MADELEINE FLOYD MEMBER 8.00
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
2025 $365,759 $322,820 $783,305 $42,939
2024 $400,156 $316,877 $747,589 $83,279
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