HIGHWAY 98 EAST WATER ASSOCIATION (EIN 640548286) - 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

Phone

6017369631

Tax Period

2024-01-01 to 2024-12-31

HIGHWAY 98 EAST WATER ASSOCIATION, founded in 1968, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 237% from the prior year, signaling strong growth momentum. The organization ran a surplus of $966K, a strong 72% operating margin.

Mission

TO PROVIDE WATER TO APPROXIMATELY 450 MEMBERS IN RURAL MARION 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 $939,105

Program Service Revenue $394,842

Investment Income $10,974

Other Revenue $0

TOTAL REVENUE $1,344,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,527

Fundraising Expenses $0

Program Expenses $378,986

Other Expenses $237,459

TOTAL EXPENSES $378,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,344,921	$399,324	+2.4%
Expenses	$378,986	$379,217	0.0%
Net Income	$965,935	$20,107	+47.0%

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

N/A

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

$12,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MAY	DIRECTOR	5.00	Director	$12,950	$0	$12,950
APRIL BROOM	DIRECTOR	5.00	Director	$0	$0	$0
RALPH PRINE	DIRECTOR	5.00	Director	$0	$0	$0
TAMMY LANGSTON	SECRETARY/TREASURER	5.00	Officer	$0	$0	$0
DENNIS ADAMS	PRESIDENT	5.00	Officer	$0	$0	$0
JAMES MCCOY	VICE PRESIDENT	5.00	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
2024	$1,344,921	$378,986	$3,951,374	$965,935
2023	$399,324	$379,217	$3,009,425	$20,107
2022	$377,135	$367,058	$3,012,366	$10,077
2021	$366,404	$369,527	$3,029,069	$-3,123
2020	$360,163	$402,427	$3,104,219	$-42,264
2019	$351,665	$355,034	$3,230,917	$-3,369
2018	$350,484	$348,096	$3,306,727	$2,388

HIGHWAY 98 EAST WATER ASSOCIATION