CENTRAL RANKIN WATER ASSOCIATION INC (EIN 640603524) - 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

1978

Legal Domicile

Phone

6018457035

Tax Period

2024-07-01 to 2025-06-30

CENTRAL RANKIN WATER ASSOCIATION INC, founded in 1978, is a small nonprofit that reported $853K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $407K, a strong 48% operating margin.

Mission

TO PROVIDE WATER SERVICES IN RURAL RANKIN COUNTY, 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 $333,426

Program Service Revenue $498,221

Investment Income $20,923

Other Revenue $0

TOTAL REVENUE $852,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,146

Fundraising Expenses $0

Program Expenses $445,073

Other Expenses $349,927

TOTAL EXPENSES $445,073

Year-over-Year Comparison

	2024	2023	Change
Revenue	$852,570	$648,765	+0.3%
Expenses	$445,073	$669,674	-0.3%
Net Income	$407,497	$-20,909	-20.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN BISHOFF	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
ROOSEVELT ROSS	BOARD MEMBER	2.00	Director	$0	$0	$0
EARLEAN KITCHENS	BOARD MEMEBER	2.00	Director	$0	$0	$0
PAT MATTHEWS	VICE PRESIDENT	2.00	Officer	$0	$0	$0
TYLER BISHOFF	PRESIDENT	2.00	Officer	$0	$0	$0
CHIP TAYLOR	SECRETARY	2.00	Officer	$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	$852,570	$445,073	$2,445,810	$407,497
2024	$648,765	$669,674	$2,086,179	$-20,909
2023	$457,844	$386,858	$2,135,062	$70,986
2022	$445,926	$364,093	$2,104,916	$81,833
2021	$447,787	$366,613	$2,054,839	$81,174
2020	$405,084	$342,409	$1,848,824	$62,675
2019	$406,425	$385,809	$1,855,652	$20,616

CENTRAL RANKIN WATER ASSOCIATION INC