Civic Intelligence

Better Waterworks Inc

990 • Fiscal year 2023 • EIN 23-7260761

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 27, 2024

Organization ProfileN/A
PO Box 467Swartz, LA 71281

(318) 343-8181

Siviq Scores

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

Liabilities / Assets

86th percentile

0.58x

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

2023 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

2.97x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2023

Net Margin

59th percentile

11%

Higher net margin than 59% of similar nonprofits.

2023 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

87th percentile

$25,128

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2023 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2023

Asset Growth

70th percentile

4.5%

Faster asset growth than 70% of similar nonprofits.

2023 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

92nd percentile

50%

Faster revenue growth than 92% of similar nonprofits.

2023 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$3,697,655

Up $158,088 (+4.5%) from 2022

Net Assets

Up

$1,534,751

Up $88,834 (+6.1%) from 2022

Liabilities

Up

$2,162,904

Up $69,254 (+3.3%) from 2022

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin59th percentile

Revenue

Up

$728,889

Up $243,181 (+50%) from 2022

Expenses

Down

$645,416

Down $174,862 (-21%) from 2022

Net Income

Up

$83,473

Up $418,043 (+125%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$6.0M$4.0M$2.0M$0Assets 2020: $4,042,730Liabilities 2020: $2,165,462Net Assets 2020: $1,877,2682020Assets 2021: $3,907,100Liabilities 2021: $2,126,613Net Assets 2021: $1,780,4872021Assets 2022: $3,539,567Liabilities 2022: $2,093,650Net Assets 2022: $1,445,9172022Assets 2023: $3,697,655Liabilities 2023: $2,162,904Net Assets 2023: $1,534,7512023Assets 2024: $4,748,195Liabilities 2024: $1,978,354Net Assets 2024: $2,769,8412024Assets 2025: $4,699,708Liabilities 2025: $1,928,620Net Assets 2025: $2,771,0882025

Highlighted filing

2023

Assets$3,697,655
Liabilities$2,162,904
Net Assets$1,534,751
Open 2023 Filing

Operations Trend

Revenue Growth92nd percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2020: $554,580Expenses 2020: $538,418Net Income 2020: $16,1622020Revenue 2021: $523,458Expenses 2021: $620,239Net Income 2021: -$96,7812021Revenue 2022: $485,708Expenses 2022: $820,278Net Income 2022: -$334,5702022Revenue 2023: $728,889Expenses 2023: $645,416Net Income 2023: $83,4732023Revenue 2024: $1,929,365Expenses 2024: $694,275Net Income 2024: $1,235,0902024Revenue 2025: $781,893Expenses 2025: $780,646Net Income 2025: $1,2472025

Highlighted filing

2023

Revenue$728,889
Expenses$645,416
Net Income$83,473
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 27, 2024
Return Version
2023v5.0
Gross Receipts
$728,889
Mission and Program Overview

Mission

Provide water service to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,975,760$3,084,899▲ $109,139
Cash and Non-Interest-Bearing Accounts$530,651$545,143▲ $14,492
Accounts Receivable$33,156$67,613▲ $34,457
Total Assets$3,539,567$3,697,655▲ $158,088
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,990,298$1,937,814▼ $52,484
Accounts Payable and Accrued Expenses$52,792$172,061▲ $119,269
Other Liabilities$50,560$53,029▲ $2,469
Total Liabilities$2,093,650$2,162,904▲ $69,254
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,445,917$1,534,751▲ $88,834
Total Net Assets Fund Balance$1,445,917$1,534,751▲ $88,834
Total Liabilities and Net Assets / Fund Balance$3,539,567$3,697,655▲ $158,088

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,952,892$1,944,524-
Land$63,450--
Equipment$68,557$25,491-
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleBaseTotal
Joy SolleySecretary$25,128$25,128
Bobby McneasePresident$99$99
Mike KennedyVicePresident$99$99

Board Members and Trustees

NameTitle
Britt TrichellDirector
Mark LindstromDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
San-TechImprovements to systemPO Box 2049, Ruston, LA 71273$279,513
TAC Agency IncManagementrepairsPO Box 360, West Monroe, LA 71294$122,741
Revenue and Support

Revenue Composition

Contributions and Grants
$178,050
Program Service Revenue
$530,812
Investment Income
$20,027
Other Revenue
$0
Change in Net Assets
$83,473
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$618,296
Salaries, Compensation, and Employee Benefits$27,120
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$170,373
Interest---$108,997
Fees for Services Management---$62,796
Other Expenses---$26,085
Current Officers, Directors, Trustees, and Key Employees---$25,128
Fees for Services Other---$13,819
All Other Expenses---$12,722
Fees for Services Accounting---$7,315
Insurance---$3,192
Office Expenses---$2,604
Payroll Taxes---$1,992
Total Functional Expenses$0$0$0$645,416
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer meter deposits$53,029
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Part VI Line 3

“TAC Agency - maint, billing, mowing, and repairs - 122,741”

Part VI Line 6

“All water customers who are property owners are considered members of the”

Part VI Line 6

“of the water system.”

Part VI Line 7A

“The Board of Directors are elected by members of the water system.”

Part VI Line 7B

“The members of the water system approve all changes to the by-laws.”

Part VI Line 11B

“Form 990 is reviewed by the water system's outside accountant.”

Part VI Line 19

“No such requests were made.”

Filing and Contact Details

Filer

Filer Name
Better Waterworks Inc
EIN
23-7260761
In Care Of
% Joy Solley
Phone
3183438181
Address
PO Box 467, Swartz, LA 71281

Signing Officer

Name
Joy Solley
Title
SecretaryTreasurer
Phone
3183438181
Signed
2024-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bobby Mcnease
Formed
1972
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
1

Preparer

Firm
M Carleen Dumas CPA
Address
369 DONALDSON RD, CALHOUN, LA 71225
Preparer
Carleen Dumas
Phone
3186445726
Raw XML Appendix337 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All water customers who are property owners are considered members of the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2of the water system.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors are elected by members of the water system.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The members of the water system approve all changes to the by-laws.
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOY SOLLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SecretaryTreasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03183438181
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Better Waterworks Inc
ReturnHeader/Filer/BusinessNameControlTxt0BETT
ReturnHeader/Filer/EIN0237260761
ReturnHeader/Filer/InCareOfNm0% Joy Solley
ReturnHeader/Filer/PhoneNum03183438181
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 467
ReturnHeader/Filer/USAddress/CityNm0Swartz
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071281
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464448883
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0M CARLEEN DUMAS CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0369 DONALDSON RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CALHOUN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071225
ReturnHeader/PreparerPersonGrp/PhoneNum03186445726
ReturnHeader/PreparerPersonGrp/PreparationDt02024-03-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARLEEN DUMAS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-03-27T11:10:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SOLLEY
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,697,655
Liabilities
$2,162,904
Net assets
$1,534,751
Revenue
$728,889
Expenses
$645,416
Net income
$83,473
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.70$1.93$2.77$0.78$0.78$0.00
2024Detailed filing. Detailed filing data is available for this year.$4.75$1.98$2.77$1.93$0.69$1.24
2023Detailed filing. Detailed filing data is available for this year.$3.70$2.16$1.53$0.73$0.65$0.08
2022Detailed filing. Detailed filing data is available for this year.$3.54$2.09$1.45$0.49$0.82$0.33
2021Detailed filing. Detailed filing data is available for this year.$3.91$2.13$1.78$0.52$0.62$0.10
2020Detailed filing. Detailed filing data is available for this year.$4.04$2.17$1.88$0.55$0.54$0.02