NORTH TALLAHATCHIE WATER ASSN INC

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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

1984

Legal Domicile

Principal Officer

JOHNNIE TAYLOR

Phone

6626472199

Tax Period

2024-01-01 to 2024-12-31

NORTH TALLAHATCHIE WATER ASSN INC, founded in 1984, is a small nonprofit in the Public & Societal Benefit sector that reported $303K in total revenue in fiscal year 2024. The organization ran a surplus of $62K, a strong 21% operating margin.

Mission

RURAL WATER ASSOCIATION

Program Service Accomplishments

Program 1

FURNISH LOW COST WATER TO RURAL AREA. WITHOUT THIS WATER SYSTEM RURAL USERS WOULD HAVE TO OBTAIN THEIR OWN WELL, WHICH WOULD BE VERY COSTLY AND GIVE RISE TO HEALTH CONCERNS.

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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 $500

Program Service Revenue $282,935

Investment Income $19,446

Other Revenue $0

TOTAL REVENUE $302,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $240,536

TOTAL EXPENSES $240,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,881	N/A	N/A
Expenses	$240,536	N/A	N/A
Net Income	$62,345	N/A	N/A

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

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

$19,940

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE GOODWIN	PRESIDENT	5.00	Officer	$0	$0	$0
JOHNNIE TAYLOR	SECRETARY/TREASURER	40.00	Officer	$19,940	$0	$19,940
RAYMOND RADCLIFF	VICE PRESIDENT	1.00	Officer	$0	$0	$0
WILLIAM C ROGERS	DIRECTOR	1.00	Officer Director	$0	$0	$0
PHIL DEW	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
2024	$302,881	$240,536	$999,082	$62,345
2024	No data	No data	No data	No data