North Covington Water Assoc Inc

EIN: 640579806 Food, Agriculture & Nutrition

Mount Olive, MS

Total Revenue
$2,955,913
Total Expenses
$890,342
Total Assets
$7,068,079
Net Assets
$4,359,906
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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
1971
Legal Domicile
MS
Principal Officer
Stanley Williams
Phone
6017974347
Tax Period
2024-07-01 to 2025-06-30

North Covington Water Assoc Inc, founded in 1971, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 229% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 70% operating margin.

Mission

Rural water association

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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 $2,027,737
Program Service Revenue $914,988
Investment Income $13,188
Other Revenue $0
TOTAL REVENUE $2,955,913

Expense Breakdown

Grants Paid $0
Salaries & Benefits $318,964
Fundraising Expenses $0
Program Expenses $764,836
Other Expenses $571,378
TOTAL EXPENSES $890,342

Year-over-Year Comparison

2024 2023 Change
Revenue $2,955,913 $899,618 +2.3%
Expenses $890,342 $1,010,726 -0.1%
Net Income $2,065,571 $-111,108 -19.6%
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
N/A
Independent Members
9
Employees
6
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
Stanley Williams 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 $2,955,913 $890,342 $7,068,079 $2,065,571
2024 $899,618 $1,010,726 $4,933,552 $-111,108
2023 $870,812 $845,121 $4,965,210 $25,691
2022 $834,263 $907,472 $5,188,351 $-73,209
2021 $1,395,900 $783,923 $5,200,580 $611,977
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