Bear Creek Water Association Inc
Nonprofit profile at a glance
- EIN
- 581965138
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Madison, MS, USA
- Phone
- 6018565969
- Rating confidence
- Limited
Reported finances
- Revenue
- $18,235,643
- Expenses
- $11,124,037
- Assets
- $123,891,713
- Liabilities
- $69,468,297
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- ADAM JENKINS JR (VICE PRESIDENT)
- BUDDY VOELKEL (PRESIDENT)
Highest reported compensation
- NOLAN P WILLIAMSON (GENERAL MANAGER/SECRETARY): $196,650 total reported compensation
- FARRIS GIBBS (MAINTENANCE MANAGER): $127,519 total reported compensation
- SAM BUC (MAINTENANCE TECHNICIAN): $115,822 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide public utility services to more than 20,000 water customers and more than 8,000 sewer customers in a 105 square mile service area in southern madison county, ms.
Operating model
- Revenue model
- Earned-program. 76% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 70
- Accountability: 82
- Sustainability: 77
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 39%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 11.14; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.56; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 7.1%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 6.7% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 4.6% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 5 of 5 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $197K · 11 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $2.1M reported
- Consistency: 12 of 12 current checks pass
- Schedules: 4 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.