Mississippi Rural Water Association Inc

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

Pearl, MS

Total Revenue
$3,902,341
Total Expenses
$3,140,368
Total Assets
$6,933,570
Net Assets
$4,905,440
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MS
Principal Officer
George K Mayfield
Phone
6018572433
Tax Period
2025-01-01 to 2025-12-31

Mississippi Rural Water Association Inc, founded in 1977, is a community nonprofit in the Public & Societal Benefit sector that reported $3.9M in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $762K, a strong 20% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $1,863,169

MSWRA trained approximately 3166 attendees during 86 training sessions on complying with state and federal regulations in conjuction with the safe drinking water act.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,653,882
Program Service Revenue $1,156,383
Investment Income $74,846
Other Revenue $17,230
TOTAL REVENUE $3,902,341

Expense Breakdown

Grants Paid $10,100
Salaries & Benefits $1,727,576
Fundraising Expenses $-1,100
Program Expenses $1,863,169
Other Expenses $1,402,692
TOTAL EXPENSES $3,140,368

Year-over-Year Comparison

2025 2024 Change
Revenue $3,902,341 $3,350,384 +0.2%
Expenses $3,140,368 $3,294,219 0.0%
Net Income $761,973 $56,165 +12.6%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
21
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
$304,988
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
George K Mayfield CEO 40.00
Officer
$142,725 $7,542 $150,267
Jay Turnage Jr Deputy CEO 40.00
Officer
$82,805 $10,502 $93,307
Brandi Shearer CFO 40.00
Officer
$52,610 $8,804 $61,414
Josh Caldwell President 0.50
Officer Director
$0 $0 $0
Bill Martin Vice President 0.50
Officer Director
$0 $0 $0
David Boone Secretary 0.50
Officer Director
$0 $0 $0
Everette Hill Director 0.50
Director
$0 $0 $0
Bill Rutledge Director 0.50
Director
$0 $0 $0
Josh Sanderson Director 0.50
Director
$0 $0 $0
Kenneth Herring Director 0.50
Director
$0 $0 $0
Mack Lee Director 0.50
Director
$0 $0 $0
Shane Knight Director 0.50
Director
$0 $0 $0
Jason Wambolt Director 0.50
Director
$0 $0 $0
Rick Shepherd Director 0.50
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 $3,902,341 $3,140,368 $6,933,570 $761,973
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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