L&F WATER ASSOCIATION INC (EIN 640946430) - 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

1968

Legal Domicile

Principal Officer

SHANNON DAVIS

Phone

6017322434

Tax Period

2024-04-01 to 2025-03-31

L&F WATER ASSOCIATION INC, founded in 1968, is a small nonprofit in the Public & Societal Benefit sector that reported $605K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $338K, a strong 56% operating margin.

Mission

PROVIDE WATER TO RESIDENTS AND FARMS IN RURAL SCOTT 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 $127,500

Program Service Revenue $477,124

Investment Income $0

Other Revenue $0

TOTAL REVENUE $604,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $266,391

TOTAL EXPENSES $266,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$604,624	$519,909	+0.2%
Expenses	$266,391	$283,304	-0.1%
Net Income	$338,233	$236,605	+0.4%

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
SHANNON DAVIS	PRESIDENT	5.00	Officer Director	$0	$0	$0
RICKY PITTMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HENRY SLAUGHTER	SECRETARY	1.00	Officer Director	$0	$0	$0
JIMMY LLOYD	DIRECTOR	1.00	Director	$0	$0	$0
ALVIN SEANEY	DIRECTOR	1.00	Director	$0	$0	$0
DONNA HILL	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SHOEMAKER	DIRECTOR	1.00	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	$604,624	$266,391	$1,369,002	$338,233
2024	$519,909	$283,304	$935,352	$236,605

L&F WATER ASSOCIATION INC