QUINCY WATER ASSOCIATION

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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

1967

Legal Domicile

Principal Officer

COY HILL

Phone

6622567972

Tax Period

2024-05-01 to 2025-04-30

QUINCY WATER ASSOCIATION, founded in 1967, is a community nonprofit in the Public & Societal Benefit sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $1.3M left a modest 13% surplus.

Mission

QUINCY WATER ASSOCIATION'S EXEMPT PURPOSE IS TO PROVIDE WATER TO THE RESIDENTS OF THE QUINCY COMMUNITY AND SURROUNDING AREAS OF MONROE COUNTY, MISSISSIPPI, A RURAL AREA.

Program Service Accomplishments

Program 1

QUINCY WATER ASSOCIATION, INC. PROVIDES WATER TO THE RESIDENTS OF THE QUINCY COMMUNITY AND SURROUNDING RURAL AREA IN MONROE COUNTY, MISSISSIPPI. THIS INCLUDES THE CONSTRUCTION, REPAIR, AND...

QUINCY WATER ASSOCIATION, INC. PROVIDES WATER TO THE RESIDENTS OF THE QUINCY COMMUNITY AND SURROUNDING RURAL AREA IN MONROE COUNTY, MISSISSIPPI. THIS INCLUDES THE CONSTRUCTION, REPAIR, AND MAINTENANCE OF WATER WELL TREATMENT PLANTS AND THE DISTRIBUTION SYSTEM. THE SYSTEM SERVICED OVER 1,700 RESIDENTS AS OF 4/30/25.

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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 $300,492

Program Service Revenue $1,148,700

Investment Income $4,517

Other Revenue $0

TOTAL REVENUE $1,453,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $281,344

Fundraising Expenses $0

Other Expenses $983,617

TOTAL EXPENSES $1,264,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,453,709	$2,057,863	-0.3%
Expenses	$1,264,961	$1,155,509	+0.1%
Net Income	$188,748	$902,354	-0.8%

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
RONNIE BOOZER	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY DAHLEM	SECRETARY	1.00	Officer Director	$0	$0	$0
JED DAVIS	DIRECTOR	1.00	Officer Director	$0	$0	$0
COY HILL	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE KING	DIRECTOR	1.00	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
2025	$1,453,709	$1,264,961	$8,071,043	$188,748
2024	$2,057,863	$1,155,509	$8,545,818	$902,354
2023	$986,938	$1,055,177	$5,904,320	$-68,239
2022	$948,453	$1,077,253	$5,041,497	$-128,800
2021	$1,009,289	$1,103,907	$5,280,159	$-94,618
2020	$964,019	$1,085,683	$5,523,716	$-121,664
2019	$935,462	$1,057,789	$5,685,926	$-122,327