OKTOC WATER ASSOCIATION INC

EIN: 640578428 Mutual Benefit

STARKVILLE, MS

Total Revenue
$740,686
Total Expenses
$729,251
Total Assets
$1,791,460
Net Assets
$552,548
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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
1967
Legal Domicile
MS
Principal Officer
JOE STEWART JR
Phone
6623247388
Tax Period
2024-07-01 to 2025-06-30

OKTOC WATER ASSOCIATION INC, founded in 1967, is a small nonprofit in the Mutual Benefit sector that reported $741K in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE RURAL WATER SERVICE

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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 (2024)

Revenue Breakdown

Contributions & Grants $326,008
Program Service Revenue $404,863
Investment Income $9,815
Other Revenue $0
TOTAL REVENUE $740,686

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $729,251
TOTAL EXPENSES $729,251

Year-over-Year Comparison

2024 2023 Change
Revenue $740,686 $398,934 +0.9%
Expenses $729,251 $362,185 +1.0%
Net Income $11,435 $36,749 -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
997
Independent Members
997
Employees
N/A
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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HERMAN BUSH VICE PRESIDE N/A
Officer
$0 $0 $0
KENNETH AASAND SECRETARY N/A
Officer
$0 $0 $0
JOE STEWART JR PRESIDENT N/A
Officer
$0 $0 $0
LES LINLEY TRUSTEE N/A
Director
$0 $0 $0
JOHN HARPER TREASURER 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
2025 $740,686 $729,251 $1,791,460 $11,435
2024 $398,934 $362,185 $1,806,118 $36,749
2023 $385,756 $378,451 $1,797,228 $7,305
2022 $353,542 $367,967 $2,252,895 $-14,425
2021 $349,081 $314,518 $2,293,866 $34,563
2020 $346,224 $278,961 $2,269,394 $67,263
2019 $332,084 $302,360 $2,228,935 $29,724
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