MORRIS WATER ASSOCIATION INC

EIN: 640574876 Mutual Benefit

MIZE, MS

Total Revenue
$197,456
Total Expenses
$169,400
Total Assets
$630,659
Net Assets
$367,324
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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
MS
Principal Officer
KIMBERLY PIERCE
Phone
6017332751
Tax Period
2023-07-01 to 2024-06-30

MORRIS WATER ASSOCIATION INC, founded in 1968, is a small nonprofit in the Mutual Benefit sector that reported $197K in total revenue in fiscal year 2023. Expenses of $169K left a modest 14% surplus.

Mission

PROVIDE RURAL WATER TO 336 RURAL AREA HOUSEHOLDS,FARMS FOR SAFE POTABLE WATER OTHERWISE DIFFICULT TO OBTAIN AT REASONABLE COSTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $194,177
Investment Income $3,279
Other Revenue $0
TOTAL REVENUE $197,456

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,661
Fundraising Expenses $0
Program Expenses $169,400
Other Expenses $115,739
TOTAL EXPENSES $169,400

Year-over-Year Comparison

2023 2022 Change
Revenue $197,456 $185,361 +0.1%
Expenses $169,400 $80,379 +1.1%
Net Income $28,056 $104,982 -0.7%
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
329
Employees
2
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY PIERCE SECRETARY N/A
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 $197,456 $169,400 $630,659 $28,056
2023 $185,361 $164,672 $609,054 $20,689
2022 $170,740 $154,405 $593,974 $16,335
2021 $172,758 $163,032 $588,654 $9,726
2020 $136,873 $157,923 $585,029 $-21,050
2019 $146,804 $164,600 $612,264 $-17,796
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