Civic Intelligence

Driftwood Utilities Inc

990 • Fiscal year 2017 • EIN 23-7319446

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 04, 2018

Organization ProfileN/A
PO Box 446Columbus, IN 47202

(812) 526-8177

Siviq Scores

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

Liabilities / Assets

45th percentile

0.22x

Higher debt load relative to assets than 45% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

36th percentile

0.55x

Higher debt load relative to revenue than 36% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Net Margin

75th percentile

16%

Higher net margin than 75% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

74th percentile

$4,225

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets45th percentile

Assets

$2,053,061

No earlier filing loaded for comparison.

Net Assets

$1,601,091

No earlier filing loaded for comparison.

Liabilities

$451,970

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin75th percentile

Revenue

$823,999

No earlier filing loaded for comparison.

Expenses

$694,758

No earlier filing loaded for comparison.

Net Income

$129,241

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Assets 2017: $2,053,061Liabilities 2017: $451,970Net Assets 2017: $1,601,0912017Assets 2018: $2,166,760Liabilities 2018: $486,407Net Assets 2018: $1,680,3532018Assets 2019: $2,042,437Liabilities 2019: $501,913Net Assets 2019: $1,540,5242019Assets 2020: $2,103,065Liabilities 2020: $448,165Net Assets 2020: $1,654,9002020Assets 2021: $2,085,638Liabilities 2021: $406,821Net Assets 2021: $1,678,8172021Assets 2022: $1,968,219Liabilities 2022: $448,509Net Assets 2022: $1,519,7102022Assets 2023: $1,821,048Liabilities 2023: $437,752Net Assets 2023: $1,383,2962023Assets 2024: $1,672,780Liabilities 2024: $452,362Net Assets 2024: $1,220,4182024

Highlighted filing

2017

Assets$2,053,061
Liabilities$451,970
Net Assets$1,601,091
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $823,999Expenses 2017: $694,758Net Income 2017: $129,2412017Revenue 2018: $830,092Expenses 2018: $751,929Net Income 2018: $78,1632018Revenue 2019: $792,692Expenses 2019: $934,771Net Income 2019: -$142,0792019Revenue 2020: $885,733Expenses 2020: $772,227Net Income 2020: $113,5062020Revenue 2021: $928,361Expenses 2021: $904,844Net Income 2021: $23,5172021Revenue 2022: $943,808Expenses 2022: $1,102,815Net Income 2022: -$159,0072022Revenue 2023: $937,637Expenses 2023: $1,074,201Net Income 2023: -$136,5642023Revenue 2024: $994,868Expenses 2024: $1,158,699Net Income 2024: -$163,8312024

Highlighted filing

2017

Revenue$823,999
Expenses$694,758
Net Income$129,241
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 4, 2018
Return Version
2017v2.3
Gross Receipts
$823,999
Mission and Program Overview

Mission

The sole purpose of the organization is to provide sewage treatment and disposal services to its members in the taylorsville, indiana area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,362,484$1,491,725▲ $129,241
Cash and Non-Interest-Bearing Accounts$897,131$988,065▲ $90,934
Land, Buildings, and Equipment, Net$777,041$783,952▲ $6,911
Savings and Temporary Cash Investments$166,630$166,661▲ $31
Pd in Cap Srpls Land Bldg Eqp Fund$109,267$109,366▲ $99
Accounts Receivable$87,410$108,993▲ $21,583
Intangible Assets$7,406$5,240▼ $2,166
Prepaid Expenses and Deferred Charges$158$150▼ $8
Total Assets$1,935,776$2,053,061▲ $117,285
Liabilities
Other Liabilities$415,344$411,569▼ $3,775
Accounts Payable and Accrued Expenses$48,681$40,401▼ $8,280
Total Liabilities$464,025$451,970▼ $12,055
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,471,751$1,601,091▲ $129,340
Total Liabilities and Net Assets / Fund Balance$1,935,776$2,053,061▲ $117,285

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$628,376$645,150$1,273,526
Land$80,700-$80,700
Equipment$48,304$23,656$71,960
Buildings$26,572$9,678$36,250
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jason NewtonPresidentPT$4,225$4,225
Mike CoppleVP & Directo-$450$450
Pat BryantBoard Member-$425$425
Carolyn RothTreasurer &-$400$400
Roger BrandtSecretary &-$325$325
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$823,850
Investment Income
$149
Other Revenue
$0
Change in Net Assets
$129,241
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$611,798
Salaries, Compensation, and Employee Benefits$82,960
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$71,486--$71,486
All Other Expenses$47,914--$47,914
Depreciation Depletion$26,841--$26,841
Other Expenses$20,027--$20,027
Fees for Services Legal$19,169--$19,169
Insurance$12,565--$12,565
Travel$9,156--$9,156
Office Expenses$8,777--$8,777
Current Officers, Directors, Trustees, and Key Employees$5,825--$5,825
Payroll Taxes$5,649--$5,649
Fees for Services Other$5,150--$5,150
Fees for Services Accounting$4,300--$4,300
Advertising$100--$100
Total Functional Expenses$694,758$0$0$694,758
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
Contributions in Aid of Construction$411,569
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
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

“Driftwood utilities, inc. Is a member owned tax exempt organization.”

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

“Members elect board positions.”

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

“Certain decisions require membership approval.”

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

“Form 990 reviewed by board prior to signing and filing of return.”

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

“Board approves all compensation to employees and directors.”

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

“Board approves all compensation to employees and directors.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Driftwood Utilities Inc
EIN
23-7319446
Phone
8125268177
Address
PO BOX 446, COLUMBUS, IN 47202

Signing Officer

Name
Jason Newton
Title
President
Phone
8125268177
Signed
2018-06-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Newton
Formed
1970
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
3

Preparer

Firm
Horizon CPA Services Inc
Address
9745 RANDALL DR SUITE 140, INDIANAPOLIS, IN 46280-2944
Preparer
A Bradley Mares CPA
Phone
3176441468
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Year end adjustments amortization adjustment.”

Form 990, Part XI, Line 9

“MEMBERSHIP FEES 99”

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/ExplanationTxt0YEAR END ADJUSTMENTS AMORTIZATION ADJUSTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DRIFTWOOD UTILITIES, INC. IS A MEMBER OWNED TAX EXEMPT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ELECT BOARD POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CERTAIN DECISIONS REQUIRE MEMBERSHIP APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 REVIEWED BY BOARD PRIOR TO SIGNING AND FILING OF RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD APPROVES ALL COMPENSATION TO EMPLOYEES AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD APPROVES ALL COMPENSATION TO EMPLOYEES AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MEMBERSHIP FEES 99
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IRS990/TotalLiabilitiesGrp/EOYAmt0451970
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01471751
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01601091
IRS990/TotalOtherProgSrvcExpenseAmt05825
IRS990/TotalProgramServiceExpensesAmt0694758
IRS990/TotalProgramServiceRevenueAmt0823850
IRS990/TotalReportableCompFromOrgAmt05825
IRS990/TotalRevenueGrp/ExclusionAmt0149
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0823850
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0823999
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01935776
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02053061
IRS990/TravelGrp/ProgramServicesAmt09156
IRS990/TravelGrp/TotalAmt09156
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 446
IRS990/USAddress/CityNm0COLUMBUS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047202
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON NEWTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08125268177
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DRIFTWOOD UTILITIES INC
ReturnHeader/Filer/BusinessNameControlTxt0DRIF
ReturnHeader/Filer/EIN0237319446
ReturnHeader/Filer/PhoneNum08125268177
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 446
ReturnHeader/Filer/USAddress/CityNm0COLUMBUS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047202
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03D462B1B422E448D2DF2153B26D72EC4F72FFD3B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B5AF86BE4C7E2721889D34699BB1C63A1848B6CE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-10-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:41:17
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204287594
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HORIZON CPA SERVICES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09745 RANDALL DR SUITE 140
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0462802944
ReturnHeader/PreparerPersonGrp/PhoneNum03176441468
ReturnHeader/PreparerPersonGrp/PreparationDt02018-09-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0A BRADLEY MARES CPA
ReturnHeader/ReturnTs02018-10-11T10:41:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,053,061
Liabilities
$451,970
Net assets
$1,601,091
Revenue
$823,999
Expenses
$694,758
Net income
$129,241
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.67$0.45$1.22$0.99$1.16$0.16
2023Detailed filing. Detailed filing data is available for this year.$1.82$0.44$1.38$0.94$1.07$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.97$0.45$1.52$0.94$1.10$0.16
2021Detailed filing. Detailed filing data is available for this year.$2.09$0.41$1.68$0.93$0.90$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.10$0.45$1.65$0.89$0.77$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.04$0.50$1.54$0.79$0.93$0.14
2018Detailed filing. Detailed filing data is available for this year.$2.17$0.49$1.68$0.83$0.75$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.05$0.45$1.60$0.82$0.69$0.13