MORROW WATER SYSTEM INC (EIN 720696349) - 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

1988

Legal Domicile

Principal Officer

TOM RABALAIS

Phone

3183597124

Tax Period

2025-01-01 to 2025-12-31

MORROW WATER SYSTEM INC, founded in 1988, is a small nonprofit that reported $339K in total revenue in fiscal year 2025. Net assets of $948K represent 34 months of operating reserves.

Mission

WATER SALES TO MEMBERS AND CUSTOMERS OF RURAL SYSTEM

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $338,202

Investment Income $501

Other Revenue $0

TOTAL REVENUE $338,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,860

Fundraising Expenses $0

Other Expenses $192,336

TOTAL EXPENSES $366,196

Year-over-Year Comparison

	2025	2024	Change
Revenue	$338,703	$327,378	+0.0%
Expenses	$366,196	$335,255	+0.1%
Net Income	$-27,493	$-7,877	+2.5%

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
JIMMY FOGLEMAN	PRESIDENT	4.00	Officer Director	$0	$0	$0
ELLA CHATMAN	MEMBER	0.00	Director	$0	$0	$0
FLOYD MORAN	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
TOM RABALAIS	SEC/TREAS	4.00	Officer Director	$0	$0	$0
MARY LEMON	MEMBER	0.00	Director	$0	$0	$0
JA PICKETT	MEMBER	0.00	Director	$0	$0	$0
MAYONCE FRANKS	MEMBER	40.00	Director	$0	$0	$0
LORA MATTE	MEMBER	0.00	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	$338,703	$366,196	$1,216,953	$-27,493
2024	$327,378	$335,255	$1,275,244	$-7,877
2023	$289,191	$282,587	$1,287,371	$6,604
2022	$288,529	$246,697	$1,010,812	$41,832
2021	$279,605	$229,827	$966,534	$49,778
2020	$287,888	$262,740	$913,899	$25,148

MORROW WATER SYSTEM INC