YMutual & 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$302,90342%$272,70648%$1,112,7131%
2023$523,696141%$184,0976%$1,097,09439%
2022$217,1874%$195,6451%$790,7471%
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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Carnes Utility Association Inc — Wiggins, MS | GiveScope