K โ€” Food, Agriculture & NutritionEIN: 640579806ยท Ruling Year: 2002

North Covington Water Association Inc

Mount Olive, Mississippi

BHealth Score
59B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

๐Ÿ’ฐ
$871K
Total Revenue
๐Ÿ“Š
$845K
Total Expenses
๐Ÿฆ
$2.0M
Net Assets
๐Ÿ“‹
$3.0M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+4.4%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+3.0%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.38
Net assets divided by total expenses
Liabilities-to-Assets
59.5%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$870,812โ†‘4%$845,121โ†“7%$4,965,210โ†“4%
2022$834,263โ†“40%$907,472โ†‘16%$5,188,351
2021$1,395,900โ†“13%$783,923โ†“5%$5,200,580โ†‘10%
2020$1,596,719โ†‘102%$825,241โ†‘9%$4,718,807โ†‘21%
2019$791,516โ†‘22%$753,966โ†‘2%$3,913,123โ†‘110%
2018$646,591โ†‘10%$739,673โ†‘29%$1,865,348โ†“4%
2017$586,439โ†“5%$573,923โ†“8%$1,949,265
2016$617,823โ†‘7%$625,156โ†“7%$1,952,812
2015$578,393โ†“2%$672,390โ†“6%$1,960,054โ†“3%
2014$592,040โ†‘3%$713,489โ†“12%$2,012,256โ†“4%
2013$572,254โ†“5%$807,669โ†‘26%$2,097,586โ†“7%
2012$600,890โ†‘2%$640,390โ†‘10%$2,252,220โ†‘4%
2011$590,917$583,692$2,175,451

Frequently Asked Questions

What does North Covington Water Association Inc do?โ–ผ

North Covington Water Association Inc is a food, agriculture & nutrition nonprofit organization based in Mississippi. It is classified under NTEE code K20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is North Covington Water Association Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, North Covington Water Association Inc has a score of 59/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does North Covington Water Association Inc generate?โ–ผ

North Covington Water Association Inc reports $3.0M in annual revenue and holds $7.1M in total assets, based on IRS filings.

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North Covington Water Association Inc โ€” Mount Olive, MS | GiveScope