MAGNOLIA PLANTATION WATER SYSTEM INC (EIN 721089805) - 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

1986

Legal Domicile

Phone

3378931331

Tax Period

2024-01-01 to 2024-12-31

MAGNOLIA PLANTATION WATER SYSTEM INC, founded in 1986, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $273K, a strong 15% operating margin.

Mission

PROVIDE QUALITY WATER IN RURAL AREAS

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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 $1,551,421

Investment Income $29,865

Other Revenue $236,764

TOTAL REVENUE $1,818,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $378,857

Fundraising Expenses $0

Program Expenses $1,126,336

Other Expenses $1,165,956

TOTAL EXPENSES $1,544,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,818,050	$1,624,220	+0.1%
Expenses	$1,544,813	$1,533,673	+0.0%
Net Income	$273,237	$90,547	+2.0%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH LANGE	Director	1.00	Director	$0	$0	$0
ALEX CROCHET JR	President	1.00	Director	$0	$0	$0
RANDALL MENARD	Director	1.00	Director	$0	$0	$0
CHRIS MAYARD	Secretary	1.00	Director	$0	$0	$0
DWIGHT FUSILIER	Director	1.00	Director	$0	$0	$0
JAMES LANDRY	Treasurer	1.00	Director	$0	$0	$0
GLYNN WAGUESPACK	Director	0.00	Director	$0	$0	$0
WADE ROBINSON	Vice President	1.00	Director	$0	$0	$0
TERRY TOUCHET	Director	1.00	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	No data	No data	No data	No data
2024	$1,818,050	$1,544,813	$4,862,851	$273,237
2023	$1,624,220	$1,533,673	$4,690,514	$90,547
2022	$1,411,493	$1,284,830	$4,695,786	$126,663
2021	$1,183,113	$1,193,271	$4,661,813	$-10,158
2020	$1,179,901	$1,194,748	$4,944,248	$-14,847
2019	$1,162,814	$1,166,404	$5,363,524	$-3,590
2018	$1,129,134	$1,257,279	$5,463,321	$-128,145

MAGNOLIA PLANTATION WATER SYSTEM INC