SOUTHWEST WAYNE WATER ASSOC INC (EIN 640597830) - 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

1977

Legal Domicile

Principal Officer

ALBERT LANDRUM

Phone

6017354786

Tax Period

2024-11-01 to 2025-10-31

SOUTHWEST WAYNE WATER ASSOC INC, founded in 1977, is a small nonprofit in the Public & Societal Benefit sector that reported $263K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $738K represent 34 months of operating reserves.

Mission

PROVIDE WATER SERVICE TO INDIVIDUALS LIVING IN RURAL S/W WAYNE CO., MS.

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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 $251,057

Investment Income $11,654

Other Revenue $0

TOTAL REVENUE $262,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,790

Fundraising Expenses $0

Program Expenses $275,540

Other Expenses $142,750

TOTAL EXPENSES $275,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,711	$238,996	+0.1%
Expenses	$275,540	$257,754	+0.1%
Net Income	$-12,829	$-18,758	-0.3%

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

$1,625

Total Directors

$10,563

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS WALLEY	DIRECTOR	12.00	Director	$7,953	$0	$7,953
ALBERT LANDRUM	PRESIDENT	3.00	Officer Director	$1,625	$0	$1,625
ALTON MILLS	DIRECTOR	2.00	Director	$405	$0	$405
SARA LANDRUM	DIRECTOR	2.00	Director	$220	$0	$220
MICHAEL WEST	DIRECTOR	2.00	Director	$200	$0	$200
KENDALL HUTTO	DIRECTOR	2.00	Director	$160	$0	$160

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	$262,711	$275,540	$1,294,144	$-12,829
2024	$238,996	$257,754	$1,307,642	$-18,758
2023	$232,974	$223,114	$1,346,051	$9,860
2022	$228,119	$221,314	$1,354,698	$6,805
2021	$220,748	$194,402	$1,368,287	$26,346
2020	$237,651	$213,486	$1,346,571	$24,165
2019	$244,596	$211,619	$1,339,456	$32,977
2018	$388,077	$216,801	$1,323,177	$171,276

SOUTHWEST WAYNE WATER ASSOC INC