GAINES TRACE WATER DISTRICT

EIN: 640604340 Mutual Benefit

SMITHVILLE, MS

Total Revenue
$150,924
Total Expenses
$200,712
Total Assets
$1,139,932
Net Assets
$1,112,347
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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
MS
Principal Officer
KERRY MITCHELL
Phone
6622572288
Tax Period
2024-07-01 to 2025-06-30

GAINES TRACE WATER DISTRICT, founded in 1977, is a small nonprofit in the Mutual Benefit sector that reported $151K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $201K exceeded revenue, resulting in a 33% operating deficit.

Mission

PROVIDE SAFE WATER FOR A RURAL AREA.

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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 $0
Program Service Revenue $147,272
Investment Income $3,652
Other Revenue $0
TOTAL REVENUE $150,924

Expense Breakdown

Grants Paid $0
Salaries & Benefits $65,162
Fundraising Expenses $0
Program Expenses $200,713
Other Expenses $133,524
TOTAL EXPENSES $200,712

Year-over-Year Comparison

2024 2023 Change
Revenue $150,924 $164,526 -0.1%
Expenses $200,712 $185,013 +0.1%
Net Income $-49,788 $-20,487 +1.4%
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

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Governance

Voting Members
5
Independent Members
5
Employees
5
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
$396
Total Directors
1
$396
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KERRY MITCHELL PRESIDENT 1
Officer Director
$396 $0 $396
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 $150,924 $200,712 $1,139,932 $-49,788
2024 $164,526 $185,013 $1,189,247 $-20,487
2023 $164,154 $182,627 $1,214,163 $-18,473
2022 $157,114 $161,893 $1,242,727 $-4,779
2021 $148,549 $150,488 $1,234,763 $-1,939
2020 $150,725 $156,539 $1,235,025 $-5,814
2019 $138,457 $170,034 $1,240,924 $-31,577
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