SOUTHWEST LAUDERDALE WATER ASSN (EIN 640664961) - 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

1977

Legal Domicile

Principal Officer

E W TURNAGE

Phone

6016935919

Tax Period

2024-04-01 to 2025-03-31

SOUTHWEST LAUDERDALE WATER ASSN, founded in 1977, is a small nonprofit in the Mutual Benefit sector that reported $966K in total revenue in fiscal year 2024. Net assets of $4.3M represent 53 months of operating reserves.

Mission

PROVIDE QUALITY WATER TO RURAL AREAS OF LAUDERDALE CO., 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 $0

Program Service Revenue $918,809

Investment Income $47,027

Other Revenue $0

TOTAL REVENUE $965,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,156

Fundraising Expenses $0

Program Expenses $983,958

Other Expenses $785,802

TOTAL EXPENSES $983,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$965,836	$969,842	0.0%
Expenses	$983,958	$908,409	+0.1%
Net Income	$-18,122	$61,433	-1.3%

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

$18,750

Total Directors

$30,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E W 'SONNY' TURNAGE	PRESIDENT	1.00	Officer Director	$5,400	$850	$6,250
DOT VANCE	VICE PRESIDENT	1.00	Officer Director	$5,400	$850	$6,250
DONNA COLLINS	SECRETARY/TREASURER	1.00	Officer Director	$5,400	$850	$6,250
GLEN BATES	DIRECTOR	1.00	Director	$5,400	$850	$6,250
BILLY H HARRIS	DIRECTOR	1.00	Director	$4,950	$800	$5,750
BRENT MABRY	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	$965,836	$983,958	$7,751,723	$-18,122
2024	$969,842	$908,409	$7,802,387	$61,433
2023	$1,139,115	$726,902	$7,832,540	$412,213
2022	$1,197,114	$820,891	$7,343,425	$376,223
2021	$870,461	$645,949	$5,980,046	$224,512
2020	$738,377	$672,402	$4,667,046	$65,975
2019	$697,239	$641,083	$4,657,034	$56,156

SOUTHWEST LAUDERDALE WATER ASSN