MISSISSIPPI RURAL WATER ASSOCIATION INC

EIN: 640610464 501(c)(3) Public & Societal Benefit

PEARL, MS

Total Revenue
$3,350,384
Total Expenses
$3,294,219
Total Assets
$5,820,304
Net Assets
$4,082,228
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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
KIRBY MAYFIELD
Phone
6018572433
Tax Period
2024-01-01 to 2024-12-31

MISSISSIPPI RURAL WATER ASSOCIATION INC, founded in 1977, is a community nonprofit in the Public & Societal Benefit sector that reported $3.4M in total revenue in fiscal year 2024.

Mission

MSWRA'S MISSION IS TO PROVIDE PROFESSIONAL LEADERSHIP PROGRAMS, TRAINING, TECHNICAL ASSISTANCE AND SERVICES TO MEET THE NEEDS OF OUR MEMBERS AND OUR STATE.

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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 $2,361,744
Program Service Revenue $916,776
Investment Income $49,683
Other Revenue $22,181
TOTAL REVENUE $3,350,384

Expense Breakdown

Grants Paid $8,500
Salaries & Benefits $1,777,212
Fundraising Expenses $0
Program Expenses $1,806,346
Other Expenses $1,508,507
TOTAL EXPENSES $3,294,219

Year-over-Year Comparison

2024 2023 Change
Revenue $3,350,384 $3,294,699 +0.0%
Expenses $3,294,219 $2,929,813 +0.1%
Net Income $56,165 $364,886 -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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Governance

Voting Members
11
Independent Members
11
Employees
24
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
6
$295,279
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BOONE SECRETARY-TREASURER 0.50
Officer Director
$0 $0 $0
EVERETTE HILL DIRECTOR 0.50
Director
$0 $0 $0
BILL MARTIN VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
BILL RUTLEDGE DIRECTOR 0.50
Director
$0 $0 $0
MACK LEE NATIONAL DIRECTOR 0.50
Director
$0 $0 $0
RICHARD MCLENDON DIRECTOR 0.50
Director
$0 $0 $0
RICHARD SHEPHERD ASSOCIATE DIRECTOR 0.50
Director
$0 $0 $0
JOSH CALDWELL PRESIDENT 0.50
Officer Director
$0 $0 $0
JOSH SANDERSON DIRECTOR 0.50
Director
$0 $0 $0
KENNETH HERRING DIRECTOR 0.50
Director
$0 $0 $0
SHANE KNIGHT DIRECTOR 0.50
Director
$0 $0 $0
GEORGE K MAYFIELD CEO 40.00
Officer
$133,435 $7,690 $141,125
CECILIA GARRIS FORMER CFO 40.00
Officer
$138,403 $7,716 $146,119
BRANDI SHEARER CFO 40.00
Officer
$8,035 $0 $8,035
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 $3,350,384 $3,294,219 $5,820,304 $56,165
2023 $3,294,699 $2,929,813 $5,698,548 $364,886
2022 $2,745,066 $2,497,905 $4,745,309 $247,161
2021 $2,316,342 $1,999,581 $3,890,889 $316,761
2020 $1,882,953 $1,831,942 $3,301,172 $51,011
2019 $1,945,438 $1,754,010 $3,295,848 $191,428
2018 $1,842,939 $1,716,465 $3,037,808 $126,474
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