LORENA-LEMON-BURNS WATER ASSOCIATION (EIN 640796096) - 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

1969

Legal Domicile

Principal Officer

SHELTON LEWIS

Phone

6016970167

Tax Period

2024-07-01 to 2025-06-30

LORENA-LEMON-BURNS WATER ASSOCIATION, founded in 1969, is a small nonprofit in the Public & Societal Benefit sector that reported $237K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $332K exceeded revenue, resulting in a 40% operating deficit.

Mission

Provide water to rural residents in a portion of Smith 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $229,212

Investment Income $8,264

Other Revenue $0

TOTAL REVENUE $237,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,386

Fundraising Expenses $0

Other Expenses $259,619

TOTAL EXPENSES $332,005

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,476	$254,198	-0.1%
Expenses	$332,005	$325,771	+0.0%
Net Income	$-94,529	$-71,573	+0.3%

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

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

$1,100

Total Directors

$2,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELTON LEWIS	PRESIDENT	5.00	Officer Director	$550	$0	$550
RICKY WARREN	VICE PRESIDENT	1.00	Officer Director	$550	$0	$550
MITCH HALLMAN	DIRECTOR	1.00	Director	$400	$0	$400
BAXTER B THOMPSON JR	DIRECTOR	1.00	Director	$500	$0	$500
DAVID GOREE	DIRECTOR	1.00	Director	$550	$0	$550

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	$237,476	$332,005	$1,175,055	$-94,529
2024	$254,198	$325,771	$1,268,618	$-71,573
2023	$256,082	$327,526	$1,333,580	$-71,444
2022	$213,927	$247,082	$1,398,660	$-33,155
2021	$216,338	$236,760	$1,432,403	$-20,422
2020	$228,354	$218,752	$1,454,981	$9,602
2019	$224,716	$216,824	$1,446,238	$7,892

LORENA-LEMON-BURNS WATER ASSOCIATION