Independence Jackson Regional Water User Association (EIN 710637507) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

Stan Haigwood

Phone

5013448741

Tax Period

2024-10-01 to 2025-09-30

Independence Jackson Regional Water User Association, founded in 1980, is a small nonprofit that reported $710K in total revenue in fiscal year 2017. Expenses of $788K exceeded revenue, resulting in a 11% operating deficit.

Mission

Water to rural users

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $899,506

Investment Income $10,660

Other Revenue $12,987

TOTAL REVENUE $923,153

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,977

Fundraising Expenses $0

Other Expenses $816,400

TOTAL EXPENSES $1,087,377

Year-over-Year Comparison

	2024	2023	Change
Revenue	$923,153	$920,599	+0.0%
Expenses	$1,087,377	$1,000,633	+0.1%
Net Income	$-164,224	$-80,034	+1.1%

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

$75,116

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Stanley Haigwood	President	Officer	$0	$0	$0
Jack Shirely	Vice President	Officer	$0	$0	$0
Pepsi McCoy	Secretary	Officer	$0	$0	$0
Danny Davis	Treasurer	Officer	$0	$0	$0
Harvey Goad Jr	Member	Officer	$0	$0	$0
Johnny Raper	Member	Officer	$0	$0	$0
Dale Grady	Member	Officer	$0	$0	$0
Tommy Sanford	Manager	Key Emp	$75,116	$0	$75,116
JC Medlock	Member	Officer	$0	$0	$0
Lindell Taylor	Member	Officer	$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	$923,153	$1,087,377	$4,441,276	$-164,224
2024	$920,599	$1,000,633	$4,690,180	$-80,034
2023	$941,116	$993,645	$4,891,644	$-52,529
2022	$768,660	$934,709	$5,055,764	$-166,049
2021	$789,552	$856,406	$5,323,950	$-66,854
2020	$723,309	$770,783	$5,351,620	$-47,474
2019	$696,629	$829,832	$5,499,419	$-133,203
2018	$710,202	$787,677	$5,726,897	$-77,475

Independence Jackson Regional Water User Association