Y — Mutual & Membership BenefitEIN: 640602565· Ruling Year: 2022

Carnes Utility Association Inc

Wiggins, Mississippi

B+Health Score
70B+

Financial Health Score

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

Good

How This Organization Compares

Compared to 2 peers in Mutual & Membership Benefit with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org2.90×
Peer Median29.60×
💰
$303K
Total Revenue
📊
$273K
Total Expenses
🏦
$790K
Net Assets
📋
$322K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-42.2%
Year-over-year change (2023 → 2024)
Net Margin
+10.0%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.90
Net assets divided by total expenses
Liabilities-to-Assets
29.0%
Total liabilities as % of total assets

Filing History

4 filings on record
YearRevenueExpensesAssets
2024$302,903↓42%$272,706↑48%$1,112,713↑1%
2023$523,696↑141%$184,097↓6%$1,097,094↑39%
2022$217,187↓4%$195,645↓1%$790,747↑1%
2021$226,139$197,052$786,709

Frequently Asked Questions

What does Carnes Utility Association Inc do?▼

Carnes Utility Association Inc is a mutual & membership benefit nonprofit organization based in Mississippi. It is classified under NTEE code Y22 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Carnes Utility Association Inc financially healthy?▼

Financial health scoring requires Form 990 filing data. Check back as we process more filings for Carnes Utility Association Inc.

How much revenue does Carnes Utility Association Inc generate?▼

Carnes Utility Association Inc reports $1.7M in annual revenue and holds $2.6M in total assets, based on IRS filings.

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