SOUTHWEST RANKIN WATER ASSOCIATION (EIN 640684507) - 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

Legal Domicile

Principal Officer

RICKY BRIDGES

Phone

6018452440

Tax Period

2024-07-01 to 2025-06-30

SOUTHWEST RANKIN WATER ASSOCIATION is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $341K, a strong 25% operating margin.

Mission

FORM 990, PART III, LINE 4D - ALL OTHER ACCOMPLISHMENTS - OPERATION OF A RURAL WATER SYSTEM FOR 1711 MEMBERS, MOST OF WHOM WOULD HAVE NO CLEAN SOURCE OF WATER WITHOUT IT. FORM 990, PART VI, LINE 11B - ORGANIZATIONS PROCESS TO REVIEW FORM 990, NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION, NO DOCUMENTS AVAILABLE TO PUBLIC.

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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 $104,745

Program Service Revenue $1,163,435

Investment Income $97,088

Other Revenue $0

TOTAL REVENUE $1,365,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,964

Fundraising Expenses $0

Other Expenses $821,330

TOTAL EXPENSES $1,024,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,365,268	$1,261,342	+0.1%
Expenses	$1,024,294	$706,518	+0.4%
Net Income	$340,974	$554,824	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON BRIDGES	BOARD MEMBER	N/A	Director	$0	$0	$0
MILTON CRAIG	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE LOFLIN	BOARD MEMBER	N/A	Director	$0	$0	$0
JUSTIN NELSON	BOARD MEMBER	N/A	Director	$0	$0	$0
RICKY BRIDGES	PRESIDENT	N/A	Officer	$0	$0	$0
BILL TAYLOR	VICE PRESIDE	N/A	Officer	$0	$0	$0
MIKE WARD	SEC/TRES	N/A	Officer	$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	$1,365,268	$1,024,294	$4,283,877	$340,974
2024	$1,261,342	$706,518	$3,932,134	$554,824
2023	$955,552	$771,792	$3,372,077	$183,760
2022	$858,738	$611,200	$3,146,896	$247,538
2021	$732,217	$724,467	$2,903,747	$7,750
2020	$752,704	$607,600	$2,890,396	$145,104
2019	$723,466	$643,066	$2,741,509	$80,400

SOUTHWEST RANKIN WATER ASSOCIATION