Waterworks District 1 of Morehouse

EIN: 720635748 Mutual Benefit

Bastrop, LA

Total Revenue
$146,210
Total Expenses
$174,292
Total Assets
$238,901
Net Assets
$208,185
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
LA
Principal Officer
RONALD WILLAMSON
Phone
3182830137
Tax Period
2023-01-01 to 2023-12-31

Waterworks District 1 of Morehouse, founded in 1988, is a small nonprofit in the Mutual Benefit sector that reported $146K in total revenue in fiscal year 2023. Expenses of $174K exceeded revenue, resulting in a 19% operating deficit.

Mission

Provide water service to members

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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 $140,966
Investment Income $5,244
Other Revenue $0
TOTAL REVENUE $146,210

Expense Breakdown

Grants Paid $0
Salaries & Benefits $97,491
Fundraising Expenses $0
Program Expenses $174,292
Other Expenses $76,801
TOTAL EXPENSES $174,292

Year-over-Year Comparison

2023 2022 Change
Revenue $146,210 $147,517 0.0%
Expenses $174,292 $192,004 -0.1%
Net Income $-28,082 $-44,487 -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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Governance

Voting Members
5
Independent Members
5
Employees
5
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
2
$4,125
Total Directors
5
$8,625
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD WILLIAMSON President N/A
Officer Director
$2,250 $0 $2,250
OMA F LEE Director N/A
Director
$1,500 $0 $1,500
ROGER ANDREWS Director N/A
Director
$1,500 $0 $1,500
ANN KIMBALL Director N/A
Director
$1,500 $0 $1,500
PEGGY GRAVES VicePresident N/A
Officer Director
$1,875 $0 $1,875
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 $146,210 $174,292 $238,901 $-28,082
2022 $147,517 $192,004 $284,088 $-44,487
2021 $150,553 $150,959 $321,778 $-406
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