LUDWIG WATER USERS ASSOCIATION INC

EIN: 710455252 Food, Agriculture & Nutrition

CLARKSVILLE, AR

Total Revenue
$409,228
Total Expenses
$340,172
Total Assets
$1,628,358
Net Assets
$1,225,925
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
AR
Principal Officer
BEVERLY MARTIN
Phone
4797058800
Tax Period
2023-01-01 to 2023-12-31

LUDWIG WATER USERS ASSOCIATION INC, founded in 1973, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $409K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $69K, a strong 17% operating margin.

Mission

PROVIDE TREATED WATER TO RURAL AREAS SURROUNDING LUDWIG ARKANSAS, SERVING APPROXIMATELY 2500 PERSONS.

Program Service Accomplishments

Program 1
Expenses: $309,862 Revenue: $399,920

ALL INCOME AND EXPENSES ARE RELATED TO THE PROVIDING OF DRINKING WATER TO THE MEMBERS OF LUDWIG WATER USERS ASSOCIATION LOCATED IN RURAL AREAS OF LUDWIG ARKANSAS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $399,920
Investment Income $9,308
Other Revenue $0
TOTAL REVENUE $409,228

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $309,862
Other Expenses $340,172
TOTAL EXPENSES $340,172

Year-over-Year Comparison

2023 2022 Change
Revenue $409,228 $370,007 +0.1%
Expenses $340,172 $327,000 +0.0%
Net Income $69,056 $43,007 +0.6%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
5

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
3
$19,100
Total Directors
5
$19,100
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLYN MORGAN OFFICE MANAG 20.00
Officer Director
$19,100 $0 $19,100
DENE FEIKEMA BOARD MEMBER 0.50
Director
$0 $0 $0
BEVERLY MARTIN PRESIDENT 1.00
Officer Director
$0 $0 $0
YVONNE MARVEL BOARD MEMBER 0.50
Director
$0 $0 $0
KEVIN PATTERMANN 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
2024 No data No data No data No data
2023 $409,228 $340,172 $1,628,358 $69,056
2022 $370,007 $327,000 $1,576,323 $43,007
2021 $347,884 $321,438 $1,553,498 $26,446
2020 $360,867 $300,903 $1,532,551 $59,964
2019 $309,864 $288,206 $1,487,860 $21,658
2018 $303,211 $275,193 $1,518,071 $28,018
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