SOUTHEAST RANKIN WATER ASSOCIATION (EIN 640562202) - 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

1970

Legal Domicile

Tax Period

2024-07-01 to 2025-06-30

SOUTHEAST RANKIN WATER ASSOCIATION, founded in 1970, is a small nonprofit in the Mutual Benefit sector that reported $602K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

PUBLIC DRINKING WATER SUPPLY

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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 $596,375

Investment Income $5,755

Other Revenue $0

TOTAL REVENUE $602,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,900

Fundraising Expenses $0

Program Expenses $642,948

Other Expenses $503,048

TOTAL EXPENSES $642,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$602,130	$653,131	-0.1%
Expenses	$642,948	$819,924	-0.2%
Net Income	$-40,818	$-166,793	-0.8%

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
BOB BENTON JR	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL RIVERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES DRAKE	PRESIDENT	1.00	Officer Director	$0	$0	$0
PRICE WALLACE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SILVANUS JOHNSON	SECRETARY TREASURER	1.00	Officer 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	$602,130	$642,948	$2,082,396	$-40,818
2024	$653,131	$819,924	$2,133,393	$-166,793
2023	$531,175	$508,788	$2,356,564	$22,387
2022	$461,761	$471,915	$2,457,261	$-10,154
2021	$470,308	$519,760	$2,315,417	$-49,452
2020	$502,725	$486,254	$2,383,333	$16,471
2019	$475,419	$455,144	$1,931,561	$20,275

SOUTHEAST RANKIN WATER ASSOCIATION