PRENTISS-ALCORN WATER ASSOCIATION (EIN 640566156) - 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

Legal Domicile

Principal Officer

JOHN BERRYHILL

Phone

6627200068

Tax Period

2024-07-01 to 2025-06-30

PRENTISS-ALCORN WATER ASSOCIATION is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 141% from the prior year, signaling strong growth momentum. The organization ran a surplus of $865K, a strong 70% operating margin.

Mission

TO PROVIDE WATER SERVICES TO A CERTIFICATED AREA OF PRENTISS AND ALCORN COUNTIES IN 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 $759,001

Program Service Revenue $434,016

Investment Income $42,277

Other Revenue $0

TOTAL REVENUE $1,235,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,594

Fundraising Expenses $0

Program Expenses $369,822

Other Expenses $267,228

TOTAL EXPENSES $369,822

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,235,294	$513,517	+1.4%
Expenses	$369,822	$292,833	+0.3%
Net Income	$865,472	$220,684	+2.9%

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
WILLIAM BARNETT	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
MIKE BECK	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOHN BERRYHILL	PRESIDENT	1.00	Officer Director	$0	$0	$0
LARRY GREEN	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL WHITE	DIRECTOR	1.00	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	$1,235,294	$369,822	$3,790,432	$865,472
2024	$513,517	$292,833	$2,354,352	$220,684
2023	$464,100	$300,528	$2,143,803	$163,572
2022	$390,862	$267,206	$1,993,364	$123,656
2021	$387,512	$347,339	$1,879,186	$40,173
2020	$399,926	$239,802	$1,836,131	$160,124
2019	$383,662	$273,535	$1,633,801	$110,127

PRENTISS-ALCORN WATER ASSOCIATION