MAGNOLIA WATER ASSOCIATION INC (EIN 640621406) - 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

1975

Legal Domicile

Phone

6017165590

Tax Period

2024-01-01 to 2024-12-31

MAGNOLIA WATER ASSOCIATION INC, founded in 1975, is a small nonprofit that reported $434K in total revenue in fiscal year 2024.

Mission

TO PROVIDE AFFORDABLE DRINKING WATER.

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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 $0

Program Service Revenue $429,170

Investment Income $5,262

Other Revenue $0

TOTAL REVENUE $434,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $470,097

Other Expenses $470,097

TOTAL EXPENSES $470,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$434,432	$412,382	+0.1%
Expenses	$470,097	$472,300	0.0%
Net Income	$-35,665	$-59,918	-0.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$11,700

Total Directors

$23,919

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIRGIL LADNER	DIRECTOR	2.00	Director	$12,219	$0	$12,219
MIKE WILSON	PRESIDENT	7.00	Officer Director	$11,700	$0	$11,700
DON PICOLO	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY J DODGE	SECRETARY TREASURER	2.00	Officer Director	$0	$0	$0
WILLIE ROLKOSKY III	VICE PRESIDENT	4.00	Officer 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	No data	No data	No data	No data
2024	$434,432	$470,097	$613,569	$-35,665
2023	$412,382	$472,300	$669,881	$-59,918
2022	$377,730	$441,965	$746,666	$-64,235
2021	$360,168	$355,966	$822,969	$4,202
2020	$336,858	$362,546	$836,676	$-25,688

MAGNOLIA WATER ASSOCIATION INC