Thomasville Water Association Inc (EIN 640690157) - 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

1974

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Thomasville Water Association Inc, founded in 1974, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 461% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 82% operating margin.

Mission

The Association Provides Water Services to Customers of Rural Rankin County, 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 (2023)

Revenue Breakdown

Contributions & Grants $1,470,397

Program Service Revenue $217,781

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,688,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,281

Fundraising Expenses $0

Program Expenses $300,232

Other Expenses $287,951

TOTAL EXPENSES $300,232

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,688,178	$301,119	+4.6%
Expenses	$300,232	$335,553	-0.1%
Net Income	$1,387,946	$-34,434	-41.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Lowry	President	1.00	Officer Director	$0	$0	$0
Gregory Lampley	Director	1.00	Director	$0	$0	$0
Sandra Foote	Director	1.00	Director	$0	$0	$0
Tabitha Batton	Secretary	1.00	Officer Director	$0	$0	$0
Brooks Langston	Vice President	1.00	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	$1,688,178	$300,232	$3,774,003	$1,387,946
2023	$301,119	$335,553	$534,761	$-34,434
2022	$164,605	$199,838	$587,183	$-35,233
2021	$187,097	$178,644	$620,554	$8,453
2020	$185,314	$168,438	$613,192	$16,876
2019	$195,862	$152,426	$594,410	$43,436

Thomasville Water Association Inc