HOMESTEAD WATER ASSOCIATION

EIN: 921586669 Public & Societal Benefit

MORTON, MS

Total Revenue
$397,186
Total Expenses
$312,750
Total Assets
$682,803
Net Assets
$338,950
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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
1967
Legal Domicile
MS
Tax Period
2024-06-01 to 2025-05-31

HOMESTEAD WATER ASSOCIATION, founded in 1967, is a small nonprofit in the Public & Societal Benefit sector that reported $397K in total revenue in fiscal year 2024. The organization ran a surplus of $84K, a strong 21% operating margin.

Mission

TO PROVIDE WATER TO RURAL SCOTT COUNTY

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $396,621
Investment Income $565
Other Revenue $0
TOTAL REVENUE $397,186

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $312,750
Other Expenses $312,750
TOTAL EXPENSES $312,750

Year-over-Year Comparison

2024 2023 Change
Revenue $397,186 $368,164 +0.1%
Expenses $312,750 $215,518 +0.5%
Net Income $84,436 $152,646 -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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIMMY NUTT PRESIDENT 0.00
Officer
$0 $0 $0
DAN COOPER VICE PRESIDENT 0.00
Officer
$0 $0 $0
SCOTT MYRICK SECRETARYTREASURER 0.00
Officer
$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 $397,186 $312,750 $682,803 $84,436
2024 $368,164 $215,518 $613,250 $152,646
2023 $155,794 $115,328 $533,811 $40,466
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