Civic Intelligence

Valley Rural Utility Company

990 • Fiscal year 2016 • EIN 35-1941793

Jan 01, 2016 to Dec 31, 2016 • Filed on May 08, 2017

Organization ProfileN/A
19435 Alpine DriveLawrenceburg, IN 47025

(812) 539-3330

Siviq Scores

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

Liabilities / Assets

99th percentile

0.96x

Higher debt load relative to assets than 99% of similar nonprofits.

2016 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

5.83x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2016

Net Margin

19th percentile

-3.4%

Higher net margin than 19% of similar nonprofits.

2016 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

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

Source year 2016

Revenue Growth

Score unavailable

No value available

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

Source year 2016

Balance Sheet
Liabilities / Assets99th percentile

Assets

$15,137,554

No earlier filing loaded for comparison.

Net Assets

$678,248

No earlier filing loaded for comparison.

Liabilities

$14,459,306

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin19th percentile

Revenue

$2,480,271

No earlier filing loaded for comparison.

Expenses

$2,564,608

No earlier filing loaded for comparison.

Net Income

-$84,337

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.

$20M$15M$10M$5.0M$0Assets 2016: $15,137,554Liabilities 2016: $14,459,306Net Assets 2016: $678,2482016Assets 2017: $14,967,186Liabilities 2017: $14,168,685Net Assets 2017: $798,5012017Assets 2018: $14,741,411Liabilities 2018: $13,829,361Net Assets 2018: $912,0502018Assets 2019: $14,423,928Liabilities 2019: $13,431,251Net Assets 2019: $992,6772019Assets 2020: $14,730,284Liabilities 2020: $13,469,458Net Assets 2020: $1,260,8262020Assets 2021: $14,899,978Liabilities 2021: $13,313,281Net Assets 2021: $1,586,6972021Assets 2022: $14,936,505Liabilities 2022: $12,837,290Net Assets 2022: $2,099,2152022Assets 2023: $14,843,618Liabilities 2023: $12,269,352Net Assets 2023: $2,574,2662023Assets 2024: $15,343,333Liabilities 2024: $12,156,659Net Assets 2024: $3,186,6742024

Highlighted filing

2016

Assets$15,137,554
Liabilities$14,459,306
Net Assets$678,248
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $2,480,271Expenses 2016: $2,564,608Net Income 2016: -$84,3372016Revenue 2017: $2,588,562Expenses 2017: $2,468,309Net Income 2017: $120,2532017Revenue 2018: $2,677,292Expenses 2018: $2,563,743Net Income 2018: $113,5492018Revenue 2019: $2,874,502Expenses 2019: $2,793,875Net Income 2019: $80,6272019Revenue 2020: $2,996,744Expenses 2020: $2,728,595Net Income 2020: $268,1492020Revenue 2021: $3,146,972Expenses 2021: $2,821,101Net Income 2021: $325,8712021Revenue 2022: $3,394,156Expenses 2022: $2,881,638Net Income 2022: $512,5182022Revenue 2023: $3,573,465Expenses 2023: $3,098,414Net Income 2023: $475,0512023Revenue 2024: $3,590,420Expenses 2024: $2,978,012Net Income 2024: $612,4082024

Highlighted filing

2016

Revenue$2,480,271
Expenses$2,564,608
Net Income-$84,337
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 8, 2017
Return Version
2016v3.0
Gross Receipts
$2,480,271
Mission and Program Overview

Mission

We supply water and gas to our customers, which is purchased from an outside vendor. We dispose of sewage and pay a fee to another utility for this service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,223,725$13,785,327▼ $438,398
Pd in Cap Srpls Land Bldg Eqp Fund$2,667,262$2,688,663▲ $21,401
Savings and Temporary Cash Investments$799,449$875,967▲ $76,518
Accounts Receivable$307,839$320,015▲ $12,176
Cash and Non-Interest-Bearing Accounts$293,124$76,692▼ $216,432
Inventories for Sale or Use$15,469$16,194▲ $725
Rtn Earn Endowment Incm Other Fnds$-1,904,677$-2,010,415▼ $105,738
Total Assets$15,639,606$15,137,554▼ $502,052
Other Assets Total-$63,359-
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,574,881$12,360,672▼ $214,209
Other Liabilities$1,947,413$1,853,524▼ $93,889
Accounts Payable and Accrued Expenses$354,727$245,110▼ $109,617
Total Liabilities$14,877,021$14,459,306▼ $417,715
Net Assets / Fund Balance
Total Net Assets Fund Balance$762,585$678,248▼ $84,337
Total Liabilities and Net Assets / Fund Balance$15,639,606$15,137,554▼ $502,052

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,538,136$4,478,317$18,016,453
Land$247,191-$247,191
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Kevin GrossePresident
John MontgomeryDirector
Mark KellerDirector
Paul SchumacherDirector
Dana HensleySecretary
Dean SwomleyTreasurer
Fred CiucciVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,471,972
Investment Income
$7,299
Other Revenue
$1,000
Change in Net Assets
$-84,337

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,458,868
Revenue Not Reported on Financial Statements
$21,403
Other Revenue Adjustments
$21,403
Total Revenue per Audited Statements
$2,458,868
Total Revenue per Form 990
$2,480,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,156,947
Salaries, Compensation, and Employee Benefits$407,661
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$548,564
Depreciation Depletion---$522,690
Other Salaries and Wages---$288,431
All Other Expenses---$256,006
Other Expenses---$103,971
Other Employee Benefits---$88,256
Fees for Services Accounting---$30,355
Insurance---$30,119
Office Expenses---$27,591
Payroll Taxes---$24,053
Travel---$16,718
Pension Plan Contributions---$6,921
Fees for Services Management---$1,985
Conferences and Meetings---$937
Total Functional Expenses$0$0$0$2,564,608

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,564,608
Expenses per Audited Statements$2,564,604
Total Expenses per Audited Statements$2,564,604
Expenses Not Reported on Financial Statements$4
Other Expense Adjustments$4
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
Lt Obligation - Gas System$1,814,705
Deferred Income - Availab$20,988
RENTER'S DEPOSITS$17,831
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
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
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

“Members of the water utility elect the board of directors”

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

“Duties of members and the board of directors are defined in the company's rules and regulations and by-laws.”

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

“Review is completed by the board of directors prior to filing the return.”

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Valley Rural Utility Company
EIN
35-1941793
Phone
8125393330
Address
19435 ALPINE DRIVE, LAWRENCEBURG, IN 47025

Signing Officer

Name
Kevin Grosse
Title
President
Phone
8125393330
Signed
2017-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Grosse
Formed
1994
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
6

Preparer

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

Additional Explanations

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

“We supply water and gas to our customers, which is purchased from an outside vendor. We dispose of sewage and pay a fee to another utility for this service.”

Financial Statement Notes

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

“Tap fees 21,402 rounding 1”

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

“ROUNDING 4”

Raw XML Appendix346 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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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013785327
IRS990ScheduleD/TotalExpensesPerForm990Amt02564608
IRS990ScheduleD/TotalLiabilityAmt01853524
IRS990ScheduleD/TotalRevenuePerForm990Amt02480271
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02458868
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02564604
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE SUPPLY WATER AND GAS TO OUR CUSTOMERS, WHICH IS PURCHASED FROM AN OUTSIDE VENDOR. WE DISPOSE OF SEWAGE AND PAY A FEE TO ANOTHER UTILITY FOR THIS SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP CONSISTS OF CUSTOMERS SERVICED BY THE UTILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE WATER UTILITY ELECT THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUTIES OF MEMBERS AND THE BOARD OF DIRECTORS ARE DEFINED IN THE COMPANY'S RULES AND REGULATIONS AND BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REVIEW IS COMPLETED BY THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEMBERSHIP MAY REQUEST COPIES OF THE GOVERNING DOCUMENTS AT THE COMPANY'S MAIN OFFICE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt015639606
IRS990/TotalAssetsEOYAmt015137554
IRS990/TotalAssetsGrp/BOYAmt015639606
IRS990/TotalAssetsGrp/EOYAmt015137554
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02564608
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014877021
IRS990/TotalLiabilitiesEOYAmt014459306
IRS990/TotalLiabilitiesGrp/BOYAmt014877021
IRS990/TotalLiabilitiesGrp/EOYAmt014459306
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0762585
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0678248
IRS990/TotalProgramServiceRevenueAmt02471972
IRS990/TotalRevenueGrp/ExclusionAmt07299
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02472972
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02480271
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015639606
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015137554
IRS990/TravelGrp/TotalAmt016718
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt020127 LONGVIEW DR
IRS990/USAddress/CityNm0LAWRENCEBURG
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047025
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN GROSSE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08125393330
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALLEY RURAL UTILITY COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0VALL
ReturnHeader/Filer/EIN0351941793
ReturnHeader/Filer/PhoneNum08125393330
ReturnHeader/Filer/USAddress/AddressLine1Txt019435 ALPINE DRIVE
ReturnHeader/Filer/USAddress/CityNm0LAWRENCEBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047025
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09133A05BD12DE695BAF1ECC2D31FEE48F9B822CB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AC4DBA24EA2BE5743A49E2BF41F80369EDE5E034
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/PreparationDt02017-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTINE D DATTILO CPA
ReturnHeader/ReturnTs02017-05-09T10:10:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,137,554
Liabilities
$14,459,306
Net assets
$678,248
Revenue
$2,480,271
Expenses
$2,564,608
Net income
-$84,337
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.3$12.2$3.19$3.59$2.98$0.61
2023Detailed filing. Detailed filing data is available for this year.$14.8$12.3$2.57$3.57$3.10$0.48
2022Detailed filing. Detailed filing data is available for this year.$14.9$12.8$2.10$3.39$2.88$0.51
2021Detailed filing. Detailed filing data is available for this year.$14.9$13.3$1.59$3.15$2.82$0.33
2020Detailed filing. Detailed filing data is available for this year.$14.7$13.5$1.26$3.00$2.73$0.27
2019Detailed filing. Detailed filing data is available for this year.$14.4$13.4$0.99$2.87$2.79$0.08
2018Detailed filing. Detailed filing data is available for this year.$14.7$13.8$0.91$2.68$2.56$0.11
2017Detailed filing. Detailed filing data is available for this year.$15.0$14.2$0.80$2.59$2.47$0.12
2016Detailed filing. Detailed filing data is available for this year.$15.1$14.5$0.68$2.48$2.56$0.08