SYLVARENA WATER ASSOCIATION

EIN: 640602990 Mutual Benefit

RALEIGH, MS

Total Revenue
$1,283,778
Total Expenses
$171,968
Total Assets
$2,443,790
Net Assets
$2,369,235
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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
JERRY HOUSTON
Phone
6016703708
Tax Period
2024-07-01 to 2025-06-30

SYLVARENA WATER ASSOCIATION, founded in 1970, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 226% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 87% operating margin.

Mission

PROVIDED A UTILITY SERVICE TO THE 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 (2024)

Revenue Breakdown

Contributions & Grants $1,166,599
Program Service Revenue $104,722
Investment Income $12,457
Other Revenue $0
TOTAL REVENUE $1,283,778

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $171,968
Other Expenses $171,968
TOTAL EXPENSES $171,968

Year-over-Year Comparison

2024 2023 Change
Revenue $1,283,778 $393,913 +2.3%
Expenses $171,968 $132,910 +0.3%
Net Income $1,111,810 $261,003 +3.3%
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

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Governance

Voting Members
8
Independent Members
N/A
Employees
N/A
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
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY HOUSTON N/A 2.00
Officer
$0 $0 $0
LINDA TULLOS BOOKKEEPER 8.00
Key Emp
$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 $1,283,778 $171,968 $2,443,790 $1,111,810
2024 $393,913 $132,910 $1,328,638 $261,003
2023 $530,783 $115,600 $1,064,890 $415,183
2022 $133,881 $92,634 $645,557 $41,247
2021 $119,242 $97,510 $601,285 $21,732
2020 $121,527 $78,385 $577,506 $43,142
2019 $120,952 $73,955 $531,137 $46,997
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