Southern Rankin Water Association (EIN 640595931) - Form 990 Financial Analysis & Trantor Score

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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

1968

Legal Domicile

Principal Officer

Gary Williams

Phone

6019397015

Tax Period

2024-01-01 to 2024-12-31

Southern Rankin Water Association, founded in 1968, is a small nonprofit that reported $653K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $153K, a strong 23% operating margin.

Mission

WATER DISTRIBUTION AND MAINTENANCE

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $620,877

Investment Income $31,632

Other Revenue $0

TOTAL REVENUE $652,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,576

Fundraising Expenses $0

Other Expenses $354,347

TOTAL EXPENSES $499,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$652,509	$688,726	-0.1%
Expenses	$499,923	$552,570	-0.1%
Net Income	$152,586	$136,156	+0.1%

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

$3,780

Total Directors

$9,755

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY WILLIAMS	PRESIDENT/DIR	10.00	Officer Director	$2,005	$0	$2,005
BILLY TERRELL	VPRES./DIR	5.00	Officer Director	$1,775	$0	$1,775
GAYLAND SALES	DIRECTOR	5.00	Director	$1,925	$0	$1,925
CHARLIE MAYES	DIRECTOR	5.00	Director	$2,125	$0	$2,125
MILES MCWILLIAMS	DIRECTOR	5.00	Director	$1,925	$0	$1,925

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	No data	No data	No data	No data
2024	$652,509	$499,923	$3,030,992	$152,586
2023	$688,726	$552,570	$2,881,207	$136,156
2022	$505,170	$505,761	$2,362,499	$-591
2021	$441,230	$372,599	$2,276,317	$68,631
2020	$392,552	$351,039	$2,207,027	$41,513

Southern Rankin Water Association