LOOXAHOMA WATER ASSOCIATION INC

EIN: 640578523

Senatobia, MS

Total Revenue
$281,690
Total Expenses
$103,339
Total Assets
$647,052
Net Assets
$608,437
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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
1966
Legal Domicile
MS
Phone
6625628858
Tax Period
2024-07-01 to 2025-06-30

LOOXAHOMA WATER ASSOCIATION INC, founded in 1966, is a small nonprofit that reported $282K in total revenue in fiscal year 2024. Revenue surged 152% from the prior year, signaling strong growth momentum. The organization ran a surplus of $178K, a strong 63% operating margin.

Mission

PROVIDE CLEAN DRINKABLE WATER TO THE COMMUNITY

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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 $124,350
Program Service Revenue $147,109
Investment Income $10,231
Other Revenue $0
TOTAL REVENUE $281,690

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,465
Fundraising Expenses $0
Program Expenses $63,659
Other Expenses $57,874
TOTAL EXPENSES $103,339

Year-over-Year Comparison

2024 2023 Change
Revenue $281,690 $112,003 +1.5%
Expenses $103,339 $72,670 +0.4%
Net Income $178,351 $39,333 +3.5%
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
6
Independent Members
6
Employees
5
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
1
$10,800
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bennie S Lewers PRESIDENT 0.00
Highest
$12,000 $0 $12,000
PAM PROPER BOOKKEEPER 0.00
Key Emp
$10,800 $0 $10,800
TRACY AIKEN VICE PRESIDENT 0.00
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 $281,690 $103,339 $647,052 $178,351
2024 $112,003 $72,670 $464,548 $39,333
2023 $88,700 $65,235 $421,979 $23,465
2022 $87,512 $63,702 $395,747 $23,810
2021 $85,985 $61,869 $369,945 $24,116
2020 $85,559 $79,284 $345,620 $6,275
2019 $81,463 $60,786 $337,045 $20,677
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