MARSHALL COUNTY WATER ASSOCIATION (EIN 640785071) - 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

1991

Legal Domicile

Principal Officer

CHARLES ODUM

Phone

6628907415

Tax Period

2023-01-01 to 2023-12-31

MARSHALL COUNTY WATER ASSOCIATION, founded in 1991, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. The organization ran a surplus of $1.2M, a strong 32% operating margin.

Mission

SUPPLY WATER TO RURAL RESIDENTS

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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 $3,802,504

Investment Income $42,586

Other Revenue $0

TOTAL REVENUE $3,845,090

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $660,817

Fundraising Expenses $0

Program Expenses $2,102,884

Other Expenses $1,963,482

TOTAL EXPENSES $2,629,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,845,090	$3,772,824	+0.0%
Expenses	$2,629,299	$2,162,252	+0.2%
Net Income	$1,215,791	$1,610,572	-0.2%

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
JOYCE BLACKWELL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MEADOWS	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES NORTON	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES ODUM	PRESIDENT	1.00	Officer Director	$0	$0	$0
HARRY WILLIS	VICE PRESIDE	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	No data	No data	No data	No data
2023	$3,845,090	$2,629,299	$13,468,799	$1,215,791
2022	$3,772,824	$2,162,252	$12,256,446	$1,610,572
2021	$3,105,667	$1,417,683	$10,036,148	$1,687,984
2020	$2,135,949	$1,117,790	$7,334,883	$1,018,159
2019	$1,872,145	$1,110,773	$5,813,416	$761,372
2018	$1,896,186	$999,360	$5,146,556	$896,826

MARSHALL COUNTY WATER ASSOCIATION