Mire Branch Water Corporation (EIN 721044102) - 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

Legal Domicile

Principal Officer

JAMES ALLEMAN

Phone

3378733823

Tax Period

2024-07-01 to 2025-06-30

Mire Branch Water Corporation is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.3M left a modest 12% surplus.

Mission

WATER SALES TO RURAL CUSTOMERS

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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 $0

Program Service Revenue $1,462,640

Investment Income $29,696

Other Revenue $15,711

TOTAL REVENUE $1,508,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $280,023

Fundraising Expenses $0

Program Expenses $1,325,861

Other Expenses $1,045,838

TOTAL EXPENSES $1,325,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,508,047	$1,543,868	0.0%
Expenses	$1,325,861	$1,262,457	+0.1%
Net Income	$182,186	$281,411	-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

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

$32,325

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY RICHARD	Vice President	1.00	Officer	$5,750	$0	$5,750
KEN ARCENEAUX	Treasurer	1.00	Officer	$5,750	$0	$5,750
JAMES ALLEMAN	President	1.00	Officer	$5,425	$0	$5,425
EDDIE SAVOIE	Vice President	1.00	Officer	$5,425	$0	$5,425
PAUL GUIDRY	Vice President	1.00	Officer	$5,150	$0	$5,150
CHRIS SAVOY	Secretary	1.00	Officer	$4,825	$0	$4,825

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	$1,508,047	$1,325,861	$4,229,108	$182,186
2024	$1,543,868	$1,262,457	$4,186,193	$281,411
2023	$1,341,979	$1,172,962	$4,014,672	$169,017
2022	$1,288,403	$1,256,521	$4,003,086	$31,882
2021	$1,268,119	$1,217,513	$4,001,981	$50,606
2020	$1,222,953	$1,181,037	$4,175,233	$41,916
2019	$1,173,517	$1,067,390	$4,109,809	$106,127

Mire Branch Water Corporation