Civic Intelligence

Brady County Water District

990 • Fiscal year 2023 • EIN 36-1269012

Nov 01, 2022 to Oct 31, 2023 • Filed on Sep 12, 2024

PO Box 145Brady, MT 59416

(406) 923-8898

Siviq Scores

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

Liabilities / Assets

65th percentile

0.17x

Higher debt load relative to assets than 65% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

4.62x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

4th percentile

-82%

Higher net margin than 4% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

41st percentile

$15,235

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

25th percentile

-3.4%

Faster asset growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

36th percentile

-1.1%

Faster revenue growth than 36% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$4,526,761

Down $160,273 (-3.4%) from 2022

Net Assets

Down

$3,755,284

Down $136,098 (-3.5%) from 2022

Liabilities

Down

$771,477

Down $24,175 (-3.0%) from 2022

Revenue

Down

$166,934

Down $1,918 (-1.1%) from 2022

Expenses

Up

$303,032

Up $22,480 (+8.0%) from 2022

Net Income

Down

-$136,098

Down $24,398 (-22%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $2,564,436Liabilities 2012: $569,331Net Assets 2012: $1,995,1052012Assets 2015: $5,547,870Liabilities 2015: $932,597Net Assets 2015: $4,615,2732015Assets 2016: $5,432,066Liabilities 2016: $914,625Net Assets 2016: $4,517,4412016Assets 2017: $5,254,234Liabilities 2017: $913,680Net Assets 2017: $4,340,5542017Assets 2018: $5,103,150Liabilities 2018: $882,907Net Assets 2018: $4,220,2432018Assets 2019: $5,087,496Liabilities 2019: $860,590Net Assets 2019: $4,226,9062019Assets 2020: $4,962,351Liabilities 2020: $841,654Net Assets 2020: $4,120,6972020Assets 2021: $4,825,491Liabilities 2021: $822,409Net Assets 2021: $4,003,0822021Assets 2022: $4,687,034Liabilities 2022: $795,652Net Assets 2022: $3,891,3822022Assets 2023: $4,526,761Liabilities 2023: $771,477Net Assets 2023: $3,755,2842023Assets 2024: $4,234,603Liabilities 2024: $752,790Net Assets 2024: $3,481,8132024

Highlighted filing

2023

Assets$4,526,761
Liabilities$771,477
Net Assets$3,755,284

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2012: $194,4522012Revenue 2015: $753,788Expenses 2015: $226,267Net Income 2015: $527,5212015Revenue 2016: $184,381Expenses 2016: $312,325Net Income 2016: -$127,9442016Revenue 2017: $167,362Expenses 2017: $344,249Net Income 2017: -$176,8872017Revenue 2018: $174,618Expenses 2018: $294,929Net Income 2018: -$120,3112018Revenue 2019: $270,891Expenses 2019: $264,228Net Income 2019: $6,6632019Revenue 2020: $163,511Expenses 2020: $269,719Net Income 2020: -$106,2082020Revenue 2021: $166,423Expenses 2021: $284,039Net Income 2021: -$117,6162021Revenue 2022: $168,852Expenses 2022: $280,552Net Income 2022: -$111,7002022Revenue 2023: $166,934Expenses 2023: $303,032Net Income 2023: -$136,0982023Revenue 2024: $162,462Expenses 2024: $435,933Net Income 2024: -$273,4712024

Highlighted filing

2023

Revenue$166,934
Expenses$303,032
Net Income-$136,098
Jump To
Filing Snapshot
Filing Period
Nov 1, 2022 to Oct 31, 2023
Signed
Sep 12, 2024
Return Version
2022v5.0
Gross Receipts
$166,934
Mission and Program Overview

Mission

To provide Water and Sewer services to approx. 250 people of the town of Brady, including those that need to haul fresh potable water.

Providing Water & Sewer to approximately 140 people of the Town of Brady

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,475,483$4,305,603▼ $169,880
Rtn Earn Endowment Incm Other Fnds$4,044,705$3,909,251▼ $135,454
Savings and Temporary Cash Investments$198,730$213,031▲ $14,301
Cash and Non-Interest-Bearing Accounts$14,775$11,575▼ $3,200
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Accounts Receivable$-2,765$-4,259▼ $1,494
Pd in Cap Srpls Land Bldg Eqp Fund$-35,670$-35,670→ $0
Cap Stk Tr Prin Current Funds$-117,653$-118,297▼ $644
Total Assets$4,687,034$4,526,761▼ $160,273
Other Assets Total$811$811→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$795,652$771,477▼ $24,175
Accounts Payable and Accrued Expenses$0$0→ $0
Total Liabilities$795,652$771,477▼ $24,175
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,891,382$3,755,284▼ $136,098
Total Liabilities and Net Assets / Fund Balance$4,687,034$4,526,761▼ $160,273

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$935,680$67,292$0
Other Land Buildings$3,347,655$238,080$0
Land$18,500-$0
Equipment$3,768$2,926$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John FaborWater OperatorPT$15,235$15,235
Julie OrcuttSecretary / TreasurerPT$8,487$8,487
Nicole CattinSecertary / TreasurerPT$1,836$1,836
Tim CarseSewer Operator-$1,050$1,050

Board Members and Trustees

NameTitle
Cody SeccombPresident
Suzi EknessVice President
Del KranzlerBoard member
Peggy LoweryBoard Member
Zach StyrenBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$165,672
Investment Income
$1,262
Other Revenue
$0
Change in Net Assets
$-136,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$275,177
Salaries, Compensation, and Employee Benefits$27,855
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$154,149--$154,149
Interest$26,057--$26,057
Current Officers, Directors, Trustees, and Key Employees$26,047--$26,047
Fees for Services Other$16,223--$16,223
Other Expenses$15,751$0$0$15,751
Insurance$8,868--$8,868
Office Expenses$3,572--$3,572
Payroll Taxes$1,808--$1,808
Occupancy$1,800--$1,800
Advertising$96--$96
Total Functional Expenses$303,032$0$0$303,032
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
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, Part VI, Section A, Line 4

Updated the by-laws, approved at annual meeting in January 2022

Form 990, Part VI, Section A, Line 6

All Water & Sewer customers are members

Form 990, Part VI, Section A, Line 7A

Nominate & Elect board of directors

Form 990, Part VI, Section A, Line 7B

Rate changes or changes to bylaws.

Form 990, Part VI, Section A, Line 9

Peggy Lowery is no longer on our board of the Brady County Water & Sewer District.

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted

Form 990, Part VI, Section C, Line 18

Balance Sheet & Profit / Loss Statements

Form 990, Part VI, Section C, Line 19

By-laws, resolutions, & Water contracts are available upon request.

Filing and Contact Details

Filer

Filer Name
Brady County Water District
EIN
36-1269012
Phone
4069238898
Address
PO Box 145, Brady, MT 59416

Signing Officer

Name
Nicole Cattin
Title
Secretary
Phone
4069238898
Signed
2024-09-12

Organization Details

Principal Officer
Cody Seccomb
Formed
1993
Legal Domicile
Mt
Voting Board Members
5
Independent Board Members
5
Employees
4
Volunteers
5
Raw XML AppendixShowing 400 of 481 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secertary / Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Sewer Operator
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016986
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13659
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2544
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3144483
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016986
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13659
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2544
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3144483
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgSrvcAccomActy2Grp/Desc0To provide sewer to the town of brady
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt094736
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt040094
IRS990/ProgSrvcAccomActy3Grp/Desc0To update some of our equipment
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02844
IRS990/PYOtherExpensesAmt0252386
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0166008
IRS990/PYRevenuesLessExpensesAmt0-111700
IRS990/PYSalariesCompEmpBnftPaidAmt028166
IRS990/PYTotalExpensesAmt0280552
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0168852
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-136098
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0126879
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04044705
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03909251
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0198730
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0213031
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0extra income is generated from water cards sold to members for the fill station, and delinquent bill payments
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04284
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02844
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02643
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02179
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02790
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt014013
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0166973
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01490
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01138
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01549
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01173
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03791
IRS990ScheduleA/OtherIncome170Grp/TotalAmt09141
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79703
IRS990ScheduleA/PublicSupportPY170Pct00.75315
IRS990ScheduleA/PublicSupportTotal170Amt090923
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt016986
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt016276
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt018274
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt016501
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt018602
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt086639
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt016986
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt016276
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt022408
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt016501
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt018752
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt090923
IRS990ScheduleA/TotalSupportAmt0114077
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0935680
IRS990ScheduleD/BuildingsGrp/DepreciationAmt067292
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01002972
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt03768
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02926
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06694
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt018500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt018500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03347655
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0238080
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt03585735
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04305603
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Updated the by-laws, approved at annual meeting in January 2022
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All Water & Sewer customers are members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Nominate & Elect board of directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Rate changes or changes to bylaws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Peggy Lowery is no longer on our board of the Brady County Water & Sewer District.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5No review was or will be conducted
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Balance Sheet & Profit / Loss Statements
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7By-laws, resolutions, & Water contracts are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, Line 9

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