Civic Intelligence

Brown County Water Utility Inc

990 • Fiscal year 2020 • EIN 23-7108111

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 21, 2021

5130 N State Road 135Morgantown, IN 46160

(812) 988-6611

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

41st percentile

0.43x

Higher debt load relative to assets than 41% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

2.85x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Net Margin

86th percentile

16%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

7th percentile

$2,700

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Asset Growth

16th percentile

0.2%

Faster asset growth than 16% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

86th percentile

11%

Faster revenue growth than 86% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$27,584,031

Up $42,691 (+0.2%) from 2019

Net Assets

Up

$15,636,557

Up $684,179 (+4.6%) from 2019

Liabilities

Down

$11,947,474

Down $641,488 (-5.1%) from 2019

Revenue

Up

$4,196,893

Up $416,824 (+11%) from 2019

Expenses

Down

$3,512,714

Down $588,835 (-14%) from 2019

Net Income

Up

$684,179

Up $1,005,659 (+313%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2012: $21,792,623Liabilities 2012: $9,769,721Net Assets 2012: $12,022,9022012Assets 2013: $21,580,766Liabilities 2013: $8,899,453Net Assets 2013: $12,681,3132013Assets 2014: $21,388,820Liabilities 2014: $8,223,316Net Assets 2014: $13,165,5042014Assets 2015: $21,566,052Liabilities 2015: $7,951,766Net Assets 2015: $13,614,2862015Assets 2016: $25,637,225Liabilities 2016: $11,705,997Net Assets 2016: $13,931,2282016Assets 2017: $28,060,346Liabilities 2017: $13,770,014Net Assets 2017: $14,290,3322017Assets 2018: $27,807,919Liabilities 2018: $12,534,061Net Assets 2018: $15,273,8582018Assets 2019: $27,541,340Liabilities 2019: $12,588,962Net Assets 2019: $14,952,3782019Assets 2020: $27,584,031Liabilities 2020: $11,947,474Net Assets 2020: $15,636,5572020Assets 2021: $27,450,261Liabilities 2021: $11,396,037Net Assets 2021: $16,054,2242021Assets 2022: $27,120,588Liabilities 2022: $10,926,793Net Assets 2022: $16,193,7952022Assets 2023: $34,026,871Liabilities 2023: $17,037,424Net Assets 2023: $16,989,4472023Assets 2024: $32,967,831Liabilities 2024: $15,938,243Net Assets 2024: $17,029,5882024

Highlighted filing

2020

Assets$27,584,031
Liabilities$11,947,474
Net Assets$15,636,557

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $3,028,3242012Revenue 2013: $3,451,375Expenses 2013: $2,792,964Net Income 2013: $658,4112013Revenue 2014: $3,317,401Expenses 2014: $2,833,210Net Income 2014: $484,1912014Revenue 2015: $3,371,089Expenses 2015: $2,922,307Net Income 2015: $448,7822015Revenue 2016: $3,503,768Expenses 2016: $3,186,826Net Income 2016: $316,9422016Revenue 2017: $3,701,273Expenses 2017: $3,342,169Net Income 2017: $359,1042017Revenue 2018: $4,857,027Expenses 2018: $3,873,501Net Income 2018: $983,5262018Revenue 2019: $3,780,069Expenses 2019: $4,101,549Net Income 2019: -$321,4802019Revenue 2020: $4,196,893Expenses 2020: $3,512,714Net Income 2020: $684,1792020Revenue 2021: $4,056,634Expenses 2021: $3,638,967Net Income 2021: $417,6672021Revenue 2022: $4,081,286Expenses 2022: $3,941,715Net Income 2022: $139,5712022Revenue 2023: $4,584,058Expenses 2023: $3,883,419Net Income 2023: $700,6392023Revenue 2024: $4,593,454Expenses 2024: $4,553,313Net Income 2024: $40,1412024

Highlighted filing

2020

Revenue$4,196,893
Expenses$3,512,714
Net Income$684,179
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 21, 2021
Return Version
2020v4.0
Gross Receipts
$4,323,281
Mission and Program Overview

Mission

Supply safe and potable water to members of brown county water utility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$25,723,696$25,474,954▼ $248,742
Rtn Earn Endowment Incm Other Fnds$8,599,315$8,837,528▲ $238,213
Pd in Cap Srpls Land Bldg Eqp Fund$6,353,063$6,799,029▲ $445,966
Cash and Non-Interest-Bearing Accounts$280,099$492,742▲ $212,643
Accounts Receivable$320,854$342,021▲ $21,167
Inventories for Sale or Use$144,884$155,938▲ $11,054
Savings and Temporary Cash Investments$24,226$12,338▼ $11,888
Total Assets$27,541,340$27,584,031▲ $42,691
Other Assets Total$1,047,581$1,106,038▲ $58,457
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,736,648$11,349,106▼ $387,542
Accounts Payable and Accrued Expenses$753,547$515,317▼ $238,230
Deferred Revenue$61,200$57,600▼ $3,600
Other Liabilities$37,567$25,451▼ $12,116
Total Liabilities$12,588,962$11,947,474▼ $641,488
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,952,378$15,636,557▲ $684,179
Total Liabilities and Net Assets / Fund Balance$27,541,340$27,584,031▲ $42,691

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,054,492$10,218,744$34,273,236
Other Land Buildings$838,009$1,764,255$2,602,264
Land$389,689-$389,689
Buildings$192,764$157,336$350,100
Compensation and Service Providers

Employees

NameTitleBaseTotal
Dan HuesmanSecretary$2,700$2,700
Ben PhillipsPresident$2,600$2,600
Delbert CooperTreasurer$2,600$2,600
Roger HickeyDirector$2,250$2,250
David WeddleVice-preside$2,000$2,000
James McdonaldDirector$2,000$2,000
Don PoynterDirector$1,900$1,900
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,190,462
Investment Income
$1,281
Other Revenue
$5,150
Change in Net Assets
$684,179

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,750,930
Revenue Not Reported on Financial Statements
$445,963
Other Revenue Adjustments
$445,963
Total Revenue per Audited Statements
$3,750,930
Total Revenue per Form 990
$4,196,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,669,194
Salaries, Compensation, and Employee Benefits$843,520
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$913,867
Other Salaries and Wages---$581,676
Interest---$278,020
Other Expenses---$187,292
Other Employee Benefits---$171,493
Office Expenses---$115,560
All Other Expenses---$104,630
Fees for Services Legal---$103,555
Fees for Services Accounting---$78,709
Insurance---$75,691
Fees for Services Other---$73,976
Payroll Taxes---$46,928
Pension Plan Contributions---$27,373
Travel---$27,213
Occupancy---$17,952
Current Officers, Directors, Trustees, and Key Employees---$16,050
Total Functional Expenses$0$0$0$3,512,714

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,512,714
Expenses per Audited Statements$3,512,703
Total Expenses per Audited Statements$3,512,703
Expenses Not Reported on Financial Statements$11
Other Expense Adjustments$11
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rental Deposits$25,451
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The membership consists of customers serviced by the utility.

Form 990, Page 6, Part VI, Line 7A

The board of directors are elected by members of the utility.

Form 990, Page 6, Part VI, Line 7B

Certain decisions require member approval in accordance with the bylaws of the utility.

Form 990, Page 6, Part VI, Line 11B

The board of directors reviews the 990 prior to filing.

Form 990, Page 6, Part VI, Line 12C

Monitored conflicts policy on a regular basis.

Form 990, Page 6, Part VI, Line 15A

Annual approval of salary increases by the board of directors.

Form 990, Page 6, Part VI, Line 15B

Annual approval of salary increases by the board of directors.

Form 990, Page 6, Part VI, Line 19

Membership may request copies of governing documents at the company's main office.

Filing and Contact Details

Filer

Filer Name
Brown County Water Utility Inc
EIN
23-7108111
Address
5130 N STATE ROAD 135, MORGANTOWN, IN 46160

Signing Officer

Name
Ben Phillips
Title
President
Signed
2021-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Phillips
Formed
1964
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
15

Preparer

Firm
Sherman Barber & Mullikin Pc
Address
210 W 3RD ST, MADISON, IN 47250-3339
Preparer
Tracy L Wyne CPA
Phone
8122655312
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Tap fees and line contributions 414,066 memberships 31,900 rounding -3

Schedule D, Page 4, Part XII, Line 4B

ROUNDING 11

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0192764
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0157336
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0350100
IRS990ScheduleD/EquipmentGrp/BookValueAmt024054492
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010218744
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034273236
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt011
IRS990ScheduleD/ExpensesSubtotalAmt03512703
IRS990ScheduleD/LandGrp/BookValueAmt0389689
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0389689
IRS990ScheduleD/OtherExpensesNotIncludedAmt011
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0838009
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01764255
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02602264
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025451
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RENTAL DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0445963
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0445963
IRS990ScheduleD/RevenueSubtotalAmt03750930
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TAP FEES AND LINE CONTRIBUTIONS 414,066 MEMBERSHIPS 31,900 ROUNDING -3
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING 11
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025474954
IRS990ScheduleD/TotalExpensesPerForm990Amt03512714
IRS990ScheduleD/TotalLiabilityAmt025451
IRS990ScheduleD/TotalRevenuePerForm990Amt04196893
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03750930
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03512703
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERSHIP CONSISTS OF CUSTOMERS SERVICED BY THE UTILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ARE ELECTED BY MEMBERS OF THE UTILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN DECISIONS REQUIRE MEMBER APPROVAL IN ACCORDANCE WITH THE BYLAWS OF THE UTILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MONITORED CONFLICTS POLICY ON A REGULAR BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUAL APPROVAL OF SALARY INCREASES BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ANNUAL APPROVAL OF SALARY INCREASES BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MEMBERSHIP MAY REQUEST COPIES OF GOVERNING DOCUMENTS AT THE COMPANY'S MAIN OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt027541340
IRS990/TotalAssetsEOYAmt027584031
IRS990/TotalAssetsGrp/BOYAmt027541340
IRS990/TotalAssetsGrp/EOYAmt027584031
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03512714
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012588962
IRS990/TotalLiabilitiesEOYAmt011947474
IRS990/TotalLiabilitiesGrp/BOYAmt012588962
IRS990/TotalLiabilitiesGrp/EOYAmt011947474
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014952378
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt015636557
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt098
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt098
IRS990/TotalProgramServiceRevenueAmt04190462
IRS990/TotalReportableCompFromOrgAmt016050
IRS990/TotalRevenueGrp/ExclusionAmt05511
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04191382
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04196893
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt027541340
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027584031
IRS990/TravelGrp/TotalAmt027213
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05130 N STATE ROAD 135
IRS990/USAddress/CityNm0MORGANTOWN
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046160
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.BROWNCOUNTYWATER.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BEN PHILLIPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BROWN COUNTY WATER UTILITY INC
ReturnHeader/Filer/BusinessNameControlTxt0BROW
ReturnHeader/Filer/EIN0237108111
ReturnHeader/Filer/USAddress/AddressLine1Txt05130 N STATE ROAD 135
ReturnHeader/Filer/USAddress/CityNm0MORGANTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046160
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351900977
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHERMAN BARBER & MULLIKIN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0210 W 3RD ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0472503339
ReturnHeader/PreparerPersonGrp/PhoneNum08122655312
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRACY L WYNE CPA
ReturnHeader/ReturnTs02021-04-23T07:44:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PHOLLIPS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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