South Lowndes Water Association Inc (EIN 640755768) - 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

1987

Legal Domicile

Principal Officer

John Love

Phone

6623293929

Tax Period

2024-10-01 to 2025-09-30

South Lowndes Water Association Inc, founded in 1987, is a small nonprofit in the Mutual Benefit sector that reported $938K in total revenue in fiscal year 2024. Revenue surged 156% from the prior year, signaling strong growth momentum. The organization ran a surplus of $602K, a strong 64% operating margin.

Mission

TO PROVIDE SAFE DRINKING WATER TO RESIDENTS AND BUSINESSES IN THE SOUTHERN PORTION OF LOWNDES 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 (2024)

Revenue Breakdown

Contributions & Grants $708,710

Program Service Revenue $229,127

Investment Income $42

Other Revenue $0

TOTAL REVENUE $937,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $336,160

TOTAL EXPENSES $336,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$937,879	$365,655	+1.6%
Expenses	$336,160	$235,592	+0.4%
Net Income	$601,719	$130,063	+3.6%

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

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
Adolphus Phillips	Board Member	1.00	Director	$0	$0	$0
Mildred Hendrix	Board Member	1.00	Director	$0	$0	$0
John Love	President	5.00	Officer	$0	$0	$0
John Hardy	Vice President	3.00	Officer	$0	$0	$0
Lakeisha Blair Bowen	Secretary	1.00	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	$937,879	$336,160	$3,660,849	$601,719
2024	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$256,188	$210,997	$809,977	$45,191
2021	$251,418	$185,698	$744,595	$65,720
2020	$267,567	$176,243	$683,662	$91,324
2019	$253,636	$161,758	$607,328	$91,878

South Lowndes Water Association Inc