Mt Olive Water Association

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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

2001

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Mt Olive Water Association, founded in 2001, is a small nonprofit that reported $168K in total revenue in fiscal year 2023. Net assets of $535K represent 38 months of operating reserves.

Mission

Our mission is to provide reasonably adequate water service to all member-customers at a reasonable cost with good reliability.

Program Service Accomplishments

Program 1

Expenses: $183,924 Revenue: $166,557

We strive to provide affordable water to our members. Each of Mt Olive Waters members consistently receive reasonably adequate service with quality water that meets or exceeds regulatory standards.

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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 $166,557

Investment Income $1,881

Other Revenue $0

TOTAL REVENUE $168,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,880

Fundraising Expenses $0

Program Expenses $183,924

Other Expenses $164,044

TOTAL EXPENSES $183,924

Year-over-Year Comparison

	2023	2022	Change
Revenue	$168,438	$156,832	+0.1%
Expenses	$183,924	$170,158	+0.1%
Net Income	$-15,486	$-13,326	+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

387

Independent Members

387

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	Role	Reportable Comp	Other Comp	Total
Krushandra Porter	Member	Director	$0	$0	$0
Rosie Wilson	Billing Clerk	Director	$0	$0	$0
Clifton Edwards	Member	Director	$0	$0	$0
Kirby Huff	Member	Director	$0	$0	$0
Beonard Brown	Member	Director	$0	$0	$0
JoAnn Gray	Secretary	Officer Director	$0	$0	$0
Dwayne Jamison	President	Officer Director	$0	$0	$0
Jeanette Straughter	Treasurer	Officer Director	$0	$0	$0
Sandra Dotson	Vice President	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
2024	No data	No data	No data	No data
2023	$168,438	$183,924	$534,585	$-15,486
2022	$156,832	$170,158	$546,546	$-13,326
2021	$163,669	$139,132	$559,872	$24,537
2019	$193,330	$139,979	$513,963	$53,351
2018	$199,237	$155,772	$460,612	$43,465