NEW SITE WATER ASSOCIATION

EIN: 640591024

BOONEVILLE, MS

Total Revenue
$251,499
Total Expenses
$306,535
Total Assets
$1,463,835
Net Assets
$994,036
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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
MS
Principal Officer
RANDY WALDEN
Phone
6627283100
Tax Period
2023-11-01 to 2024-10-31

NEW SITE WATER ASSOCIATION, founded in 1976, is a small nonprofit that reported $251K in total revenue in fiscal year 2023. Expenses of $307K exceeded revenue, resulting in a 22% operating deficit.

Mission

WATER SERVICE TO NEW SITE 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $251,286
Investment Income $213
Other Revenue $0
TOTAL REVENUE $251,499

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,880
Fundraising Expenses $0
Program Expenses $306,535
Other Expenses $273,655
TOTAL EXPENSES $306,535

Year-over-Year Comparison

2023 2022 Change
Revenue $251,499 $249,039 +0.0%
Expenses $306,535 $285,394 +0.1%
Net Income $-55,036 $-36,355 +0.5%
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
5
Independent Members
5
Employees
3
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
$225
Total Directors
5
$475
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS MAYO DIRECTOR 5
Director
$100 $0 $100
STANLEY STEPHENS VICE PRESIDENT 5
Officer Director
$225 $0 $225
DOUGLAS MORELAND SECRETARY-TREASURER 5
Officer Director
$0 $0 $0
SAMMY TOLAR DIRECTOR 5
Director
$150 $0 $150
RANDY WALDEN PRESIDENT 5
Officer 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
2024 $251,499 $306,535 $1,463,835 $-55,036
2023 $249,039 $285,394 $1,542,513 $-36,355
2022 $244,032 $299,823 $1,618,265 $-55,791
2021 $288,537 $302,687 $1,711,363 $-14,150
2020 $244,812 $321,873 $1,707,638 $-77,061
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