OLD RIVER WATER ASSOCIATION INC (EIN 640548932) - 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

1971

Legal Domicile

Principal Officer

RUSSELL FORD

Phone

6018883782

Tax Period

2023-07-01 to 2024-06-30

OLD RIVER WATER ASSOCIATION INC, founded in 1971, is a small nonprofit that reported $677K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $2.9M represent 52 months of operating reserves.

Mission

TO SUPPLY WATER TO RURAL RESIDENTS OF WILKINSON 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 (2023)

Revenue Breakdown

Contributions & Grants $925

Program Service Revenue $665,918

Investment Income $10,163

Other Revenue $0

TOTAL REVENUE $677,006

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,681

Fundraising Expenses $0

Other Expenses $535,181

TOTAL EXPENSES $704,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$677,006	$581,790	+0.2%
Expenses	$704,862	$627,571	+0.1%
Net Income	$-27,856	$-45,781	-0.4%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN COVINGTON	DIRECTOR	N/A	Director	$0	$0	$0
RUSSELL FORD	PRESIDENT	N/A	Director	$0	$0	$0
PATRICK HEBERT	DIRECTOR	N/A	Director	$0	$0	$0
MARZETTE PAYNE	SECRETARY	N/A	Director	$0	$0	$0
RAY WHITEHEAD	VICE PRESIDE	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
2025	No data	No data	No data	No data
2024	$677,006	$704,862	$4,844,998	$-27,856
2023	$581,790	$627,571	$4,931,353	$-45,781
2022	$862,791	$647,359	$5,104,113	$215,432
2021	$882,089	$660,302	$4,843,428	$221,787
2020	$554,143	$595,392	$4,659,543	$-41,249
2018	$900,601	$513,455	$4,782,151	$387,146

OLD RIVER WATER ASSOCIATION INC