COMBINED UTILITIES INC (EIN 640613533) - 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

1971

Legal Domicile

Principal Officer

ROY CALDWELL

Phone

6019478411

Tax Period

2024-01-01 to 2024-12-31

COMBINED UTILITIES INC, founded in 1971, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. The organization ran a surplus of $267K, a strong 17% operating margin.

Mission

TO SUPPLY A CLEAN, SAFE WATER SUPPLY TO THE RESIDENTS OF RURAL GEORGE COUNTY, MISSISSIPPI.

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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 $1,840

Program Service Revenue $1,544,268

Investment Income $2,104

Other Revenue $0

TOTAL REVENUE $1,548,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,893

Fundraising Expenses $0

Other Expenses $887,547

TOTAL EXPENSES $1,281,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,548,212	$1,509,357	+0.0%
Expenses	$1,281,440	$1,152,513	+0.1%
Net Income	$266,772	$356,844	-0.3%

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

$94,814

Total Directors

$14,025

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA MITCHELL	SECRETARY	40.00	Officer	$50,842	$0	$50,842
MARY A HEARNDON	BOOKKEEPER	40.00	Officer	$37,822	$0	$37,822
ROY CALDWELL	PRESIDENT	1.00	Officer Director	$0	$3,225	$3,225
GERALD MOODY SR	VICE-PRESIDE	1.00	Officer Director	$0	$2,925	$2,925
JASON FALLON	DIRECTOR	1.00	Director	$0	$2,625	$2,625
MICHAEL FAUROT	DIRECTOR	1.00	Director	$0	$2,625	$2,625
JOE LEE ROUSE	DIRECTOR	1.00	Director	$0	$2,625	$2,625

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	$1,548,212	$1,281,440	$9,261,371	$266,772
2023	$1,509,357	$1,152,513	$8,839,467	$356,844
2022	$1,102,025	$1,072,005	$6,917,285	$30,020
2021	$1,058,466	$976,119	$3,548,302	$82,347
2020	$1,044,397	$968,644	$2,477,450	$75,753
2019	$943,114	$962,013	$2,417,821	$-18,899
2018	$909,136	$911,349	$2,457,927	$-2,213

COMBINED UTILITIES INC