MUD CREEK WATER ASSOCIATION INC (EIN 640603012) - 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

RONNIE HICKMAN

Phone

6624896851

Tax Period

2024-01-01 to 2024-12-31

MUD CREEK WATER ASSOCIATION INC, founded in 1977, is a small nonprofit in the Public & Societal Benefit sector that reported $804K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $131K, a strong 16% operating margin.

Mission

PROVIDE SAFE DRINKING WATER TO RURAL COMMUNITIES

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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 $788,848

Investment Income $6,995

Other Revenue $7,826

TOTAL REVENUE $803,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,334

Fundraising Expenses $0

Program Expenses $584,578

Other Expenses $628,127

TOTAL EXPENSES $672,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$803,669	$628,070	+0.3%
Expenses	$672,461	$620,088	+0.1%
Net Income	$131,208	$7,982	+15.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNY HICKMAN	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
MITCHELL JUMPER	BOARD MEMBER	5.00	Director	$0	$0	$0
MICKEY SWORDS	BOARD MEMBER	5.00	Director	$0	$0	$0
PHIL WARREN	PRESIDENT	5.00	Officer Director	$0	$0	$0
HAROLD SNEED	BOARD MEMBER	5.00	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
2024	$803,669	$672,461	$4,874,107	$131,208
2023	No data	No data	No data	No data
2022	$592,741	$672,481	$4,936,859	$-79,740
2021	$524,813	$471,937	$3,684,685	$52,876
2020	$509,903	$406,138	$2,207,512	$103,765
2019	$489,727	$442,227	$2,167,163	$47,500

MUD CREEK WATER ASSOCIATION INC