BLACKJACK WATER ASSOCIATION INC (EIN 640684603) - 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

2005

Legal Domicile

Principal Officer

Theodis Weaver

Phone

6623236827

Tax Period

2023-07-01 to 2024-06-30

BLACKJACK WATER ASSOCIATION INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $218K in total revenue in fiscal year 2023. The organization ran a surplus of $62K, a strong 28% operating margin.

Mission

Provide safe drinking water to more than 300 residences and businesses in the Blackjack Community, Oktibbeha County, MS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $112

Other Revenue $217,708

TOTAL REVENUE $217,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,701

Fundraising Expenses $0

Program Expenses $156,236

Other Expenses $101,535

TOTAL EXPENSES $156,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$217,820	$203,067	+0.1%
Expenses	$156,236	$164,576	-0.1%
Net Income	$61,584	$38,491	+0.6%

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

N/A

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

$23,661

Total Directors

Key Employees

$31,040

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Urissa Crowley	Secretary	10.00	Key Emp	$15,240	$0	$15,240
Adron Jenkins	Board Member	10.00	Officer	$750	$0	$750
James Keel	Board Member	10.00	Officer	$6,761	$0	$6,761
Minnie Fox	Board Member	10.00	Officer	$750	$0	$750
Jovonn Hill	Board Member	10.00	Officer	$600	$0	$600
Joyce Jenkins	Billing	20.00	Key Emp	$15,800	$0	$15,800
Theodis Weaver	Comptroller	10.00	Officer	$14,100	$0	$14,100
Catherine H Tate	Board Member	10.00	Officer	$700	$0	$700

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	$217,820	$156,236	$751,150	$61,584
2023	$203,067	$164,576	$740,380	$38,491
2022	$210,996	$136,737	$693,249	$74,259

BLACKJACK WATER ASSOCIATION INC