BILLYS CREEK RURAL WATER ASSOCIATION

EIN: 640582487

WATER VALLEY, MS

Total Revenue
$332,775
Total Expenses
$358,939
Total Assets
$2,455,552
Net Assets
$944,208
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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
1970
Legal Domicile
MS
Principal Officer
LARRY P SPROUSE
Phone
6624730019
Tax Period
2025-01-01 to 2025-12-31

BILLYS CREEK RURAL WATER ASSOCIATION, founded in 1970, is a small nonprofit that reported $333K in total revenue in fiscal year 2025. Net assets of $944K represent 34 months of operating reserves.

Mission

TO PROVIDE POTABLE WATER TO ASSOCIATION MEMBERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $318,285
Investment Income $5,505
Other Revenue $8,985
TOTAL REVENUE $332,775

Expense Breakdown

Grants Paid $0
Salaries & Benefits $59,245
Fundraising Expenses $0
Program Expenses $356,356
Other Expenses $299,694
TOTAL EXPENSES $358,939

Year-over-Year Comparison

2025 2024 Change
Revenue $332,775 $328,998 +0.0%
Expenses $358,939 $335,292 +0.1%
Net Income $-26,164 $-6,294 +3.2%
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
7
Independent Members
7
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
3
$52,620
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERESA MOORE SECRETARY 10.00
Officer
$28,024 $0 $28,024
LARRY P SPROUSE PRESIDENT 10.00
Officer
$24,596 $0 $24,596
TOMMY MCCAIN VICE PRESIDENT 10.00
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 $332,775 $358,939 $2,455,552 $-26,164
2024 $328,998 $335,292 $1,293,676 $-6,294
2023 $319,887 $287,369 $1,301,103 $32,518
2022 $312,248 $298,501 $1,271,592 $13,747
2021 $301,082 $252,499 $1,257,946 $48,583
2020 $305,046 $255,788 $1,250,861 $49,258
2019 $283,551 $255,835 $1,202,299 $27,716
2018 $297,276 $226,690 $1,178,696 $70,586
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