NORTH DECATUR WATER ASSOCIATION INC

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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

1976

Legal Domicile

Principal Officer

David Marshall

Phone

6016352319

Tax Period

2025-01-01 to 2025-12-31

NORTH DECATUR WATER ASSOCIATION INC, founded in 1976, is a small nonprofit that reported $528K in total revenue in fiscal year 2025. Net assets of $1.4M represent 33 months of operating reserves.

Mission

PROVIDE WATER TO RURAL COMMUNITY.

Program Service Accomplishments

Program 1

PROVIDED WATER TO APPROXIMATELY 934 RURAL RESIDENTS AND SMALL BUSINESSES AND FARMS IN NEWTON COUNTY, MISSISSIPPI.

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $507,700

Investment Income $11,990

Other Revenue $7,861

TOTAL REVENUE $527,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,817

Fundraising Expenses $0

Other Expenses $392,854

TOTAL EXPENSES $552,671

Year-over-Year Comparison

	2025	2024	Change
Revenue	$527,551	$547,354	0.0%
Expenses	$552,671	$547,696	+0.0%
Net Income	$-25,120	$-342	+72.5%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MARSHALL	PRESIDENT	2.00	Officer Director	$0	$0	$0
LYNDA TRUESDALE	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN EVERETT	SECRETARY	1.00	Officer Director	$0	$0	$0
BILLY PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
JIM GENTRY	DIRECTOR	1.00	Director	$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	$527,551	$552,671	$2,235,483	$-25,120
2024	$547,354	$547,696	$2,354,519	$-342
2023	$510,779	$522,314	$2,440,719	$-11,535
2022	$531,587	$471,965	$2,524,912	$59,622
2021	$533,393	$448,424	$2,540,645	$84,969
2020	$523,073	$449,088	$2,534,237	$73,985