PLUM POINT WATER ASSOCIATION INC (EIN 831487007) - 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

2018

Legal Domicile

Principal Officer

MATTHEW RUSHING

Phone

6625781953

Tax Period

2024-01-01 to 2024-12-31

PLUM POINT WATER ASSOCIATION INC, founded in 2018, is a community nonprofit in the Public & Societal Benefit sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 2731% from the prior year, signaling strong growth momentum. The organization ran a surplus of $986K, a strong 97% operating margin.

Mission

THE PLUM POINT COMMUNITY WATER ASSOCIATION WAS ESTABLISHED TO PROVIDE WATER TO THE PLUM POINT COMMUNITY IN PANOLA COUNTY, MS. THE ASSOCIATION IS GOVERNED BY A BOARD OF DIRECTORS, WHO ARE ELECTED ANNUALLY BY ITS MEMBERS DURING THE ANNUAL MEETING HELD EACH AUGUST. THE ASSOCIATION'S ACTIVITIES ARE FUNDED BY ITS MEMBERS, BASED ON THEIR MONTHLY WATER USAGE. THE FEES COLLECTED FROM MEMBERS ARE USED TO MAINTAIN THE WATER WELL, WATER LINES, AND THE PROPERTY WHERE THE WATER WELL IS LOCATED.

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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 $975,476

Program Service Revenue $37,644

Investment Income $981

Other Revenue $0

TOTAL REVENUE $1,014,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $28,122

TOTAL EXPENSES $28,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,014,101	$35,815	+27.3%
Expenses	$28,122	$35,671	-0.2%
Net Income	$985,979	$144	+6846.1%

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

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
DOROTHY BALLARD	TREASURER/SE	15.00	Officer Director	$0	$0	$0
RICHARD BROWN	PRESIDENT	4.00	Officer Director	$0	$0	$0
RONNIE BROWN	DIRECTOR	0.50	Director	$0	$0	$0
CHARLIE BURGETT	DIRECTOR	0.50	Director	$0	$0	$0
BARRY MCNABB	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW RUSHING	VP	0.50	Officer 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
2024	$1,014,101	$28,122	$1,754,513	$985,979

PLUM POINT WATER ASSOCIATION INC