Civic Intelligence

Nassco Inc

990 • Fiscal year 2018 • EIN 36-4508786

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 09, 2019

2470 Longstone Lane No MMarriotsville, MD 21104-1515

(410) 442-7473

Siviq Scores

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

Liabilities / Assets

39th percentile

0.10x

Higher debt load relative to assets than 39% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

36th percentile

0.09x

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

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

30th percentile

-0.6%

Higher net margin than 30% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

69th percentile

$195,123

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

47th percentile

1.4%

Faster asset growth than 47% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

83rd percentile

17%

Faster revenue growth than 83% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,422,171

Up $33,284 (+1.4%) from 2017

Net Assets

Down

$2,175,109

Down $34,008 (-1.5%) from 2017

Liabilities

Up

$247,062

Up $67,292 (+37%) from 2017

Revenue

Up

$2,671,868

Up $380,799 (+17%) from 2017

Expenses

Up

$2,687,719

Up $589,057 (+28%) from 2017

Net Income

Down

-$15,851

Down $208,258 (-108%) from 2017

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: $942,847Liabilities 2012: $132,902Net Assets 2012: $809,9452012Assets 2013: $1,284,420Liabilities 2013: $167,552Net Assets 2013: $1,116,8682013Assets 2014: $1,604,330Liabilities 2014: $127,386Net Assets 2014: $1,476,9442014Assets 2015: $1,840,601Liabilities 2015: $217,561Net Assets 2015: $1,623,0402015Assets 2016: $2,139,400Liabilities 2016: $188,125Net Assets 2016: $1,951,2752016Assets 2017: $2,388,887Liabilities 2017: $179,770Net Assets 2017: $2,209,1172017Assets 2018: $2,422,171Liabilities 2018: $247,062Net Assets 2018: $2,175,1092018Assets 2019: $2,407,863Liabilities 2019: $255,104Net Assets 2019: $2,152,7592019Assets 2020: $2,355,041Liabilities 2020: $271,601Net Assets 2020: $2,083,4402020Assets 2021: $2,678,240Liabilities 2021: $381,806Net Assets 2021: $2,296,4342021Assets 2022: $3,862,676Liabilities 2022: $991,020Net Assets 2022: $2,871,6562022Assets 2023: $4,359,192Liabilities 2023: $1,588,077Net Assets 2023: $2,771,1152023Assets 2024: $4,079,516Liabilities 2024: $1,562,510Net Assets 2024: $2,517,0062024

Highlighted filing

2018

Assets$2,422,171
Liabilities$247,062
Net Assets$2,175,109

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $1,352,0952012Expenses 2013: $1,450,0612013Revenue 2014: $1,776,231Expenses 2014: $1,416,155Net Income 2014: $360,0762014Revenue 2015: $1,739,983Expenses 2015: $1,593,887Net Income 2015: $146,0962015Revenue 2016: $2,388,738Expenses 2016: $2,106,245Net Income 2016: $282,4932016Revenue 2017: $2,291,069Expenses 2017: $2,098,662Net Income 2017: $192,4072017Revenue 2018: $2,671,868Expenses 2018: $2,687,719Net Income 2018: -$15,8512018Revenue 2019: $2,744,360Expenses 2019: $2,778,686Net Income 2019: -$34,3262019Revenue 2020: $2,385,841Expenses 2020: $2,497,074Net Income 2020: -$111,2332020Revenue 2021: $2,314,341Expenses 2021: $2,244,760Net Income 2021: $69,5812021Revenue 2022: $4,708,642Expenses 2022: $3,905,190Net Income 2022: $803,4522022Revenue 2023: $4,930,009Expenses 2023: $5,100,837Net Income 2023: -$170,8282023Revenue 2024: $5,940,294Expenses 2024: $6,200,933Net Income 2024: -$260,6392024

Highlighted filing

2018

Revenue$2,671,868
Expenses$2,687,719
Net Income-$15,851
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 9, 2019
Return Version
2017v2.3
Gross Receipts
$2,927,702
Mission and Program Overview

Mission

Promotion of the sewer service industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,196,372$1,235,653▲ $39,281
Cash and Non-Interest-Bearing Accounts$689,327$799,054▲ $109,727
Land, Buildings, and Equipment, Net$313,245$211,025▼ $102,220
Accounts Receivable$163,868$126,481▼ $37,387
Prepaid Expenses and Deferred Charges$26,075$49,958▲ $23,883
Total Assets$2,388,887$2,422,171▲ $33,284
Liabilities
Deferred Revenue$113,496$119,078▲ $5,582
Other Liabilities$10,991$112,990▲ $101,999
Accounts Payable and Accrued Expenses$55,283$14,994▼ $40,289
Total Liabilities$179,770$247,062▲ $67,292
Net Assets / Fund Balance
Unrestricted Net Assets$2,007,933$1,889,952▼ $117,981
Temporarily Rstr Net Assets$201,184$285,157▲ $83,973
Total Net Assets Fund Balance$2,209,117$2,175,109▼ $34,008
Total Liabilities and Net Assets / Fund Balance$2,388,887$2,422,171▲ $33,284

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$150,839$142,208$293,047
Equipment$58,696$90,334$149,030
Leasehold Improvements$1,490$3,952$5,442
Compensation and Service Providers

Employees

NameTitleBaseTotal
Ted DebotaFormer Executive Director$195,123$195,123

Board Members and Trustees

NameTitle
Tim VivianPresident
Jacob TrapaniVice President
Andy RothenbergDirector
Dean MonkDirector
Frank KendrixDirector
Jeremy WagnerDirector
Jimmy StewartDirector
Laurie PerkinsDirector
Michelle BeasonDirector
Peter KurzDirector
Randy BelangerDirector
Will MarkeyDirector
Joe SchotthoeferSecretary
Max GowdyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mercersburg PrintingPrinting Services9964 BUCHANAN TRAIL WEST, Mercersburg, PA 17236, Uk$579,615
WrcRoyalties244 S HIGHLAND AVE, Baltimore, MD 21224$144,179
Snake HillTechnology-$105,519
Revenue and Support

Revenue Composition

Contributions and Grants
$420,108
Program Service Revenue
$1,989,864
Investment Income
$79,855
Other Revenue
$182,041
All Other Contributions
$180,949
Change in Net Assets
$-15,851

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,671,868
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-18,156
Total Revenue per Audited Statements
$2,653,712
Total Revenue per Form 990
$2,671,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,053,010
Salaries, Compensation, and Employee Benefits$612,934
Grants and Similar Amounts Paid$21,775
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$568,585
All Other Expenses---$242,259
Conferences and Meetings---$233,363
Depreciation Depletion---$117,876
Office Expenses---$103,652
Occupancy---$96,110
Other Expenses---$85,976
Advertising---$49,232
Payroll Taxes---$35,014
Grants to Domestic Individuals---$15,800
Travel---$13,474
Fees for Service Investment Mgmnt Fees---$11,500
Fees for Services Legal---$11,324
Fees for Services Accounting---$10,325
Pension Plan Contributions---$9,013
Insurance---$7,851
Grants to Domestic Orgs---$5,975
Other Employee Benefits---$322
Total Functional Expenses$0$0$0$2,687,719

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,687,719
Total Expenses per Audited Statements$2,687,719
Total Expenses per Form 990$2,687,719
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Virginia Tech Foundation Inc Univeristy DevelopmentBlacksburg, VA-David Magill Scholarship$5,000

International Summary

Offices
0
Employees
1
Spending
$144,179

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram ServicesRoyalties01$144,179
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$72,411
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$72,411$72,411-$72,411
Total Events$72,411$72,411-$72,411
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$86,385
Payroll Taxes Payable$25,120
Credit Card Payable$1,485
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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, Part VI, Section A, Line 6

The organization is organized as a non-stock, nonprofit corporation with members.

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

The organization has members subject to annual dues.

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

The decisions of the governing body are subject to member approval.

Form 990, Part VI, Section A, Line 8B

Each committee with authority to act on behalf of the governing body did not contemporaneously document meetings.

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

A copy of form 990 is not provided to all members prior to filing.

Form 990, Part VI, Section B, Line 12C

Policy manuals are given to each board member at the annual meeting.

Form 990, Part VI, Section B, Line 15

The executive director's compensation is approved by the board of directors. Officers & key employees compensation is approved by the board of directors and the executive director.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are not available to the public.

Filing and Contact Details

Filer

Filer Name
Nassco Inc
EIN
36-4508786
Phone
4104427473
Address
2470 LONGSTONE LANE NO M, MARRIOTSVILLE, MD 21104-1515

Signing Officer

Name
Sheila Joy
Title
Executive Director
Phone
4104427473
Signed
2019-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheila Joy
Formed
2002
Legal Domicile
Md
Voting Board Members
15
Independent Board Members
15
Employees
8
Volunteers
0

Preparer

Firm
Glass Jacobson Pa
Address
10711 RED RUN BLVD SUITE 101, OWINGS MILLS, MD 21117
Preparer
Irvin M Baddock CPA
Phone
4103561000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization follows the provisions of financial accounting standards board accounting standards codification 740-10 (fasb asc 740-10). Fasb asc 740-10 clarifies the accounting and recognition for income tax positions taken or expected to be taken in the organizations income tax returns. The organizations income tax filings are subject to audit by various taxing authorities within the three year open audit periods of 20142016. Although the financial statements do not include a provision or liability for income taxes, an evaluation of the organizations tax positions, interpretations and tax planning strategies are considered. The organization believes their tax positions are appropriate based on current facts and circumstances.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14FORMER EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02002
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
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IRS990/GainOrLossGrp/SecuritiesAmt052361
IRS990/GamingActivitiesInd00
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IRS990/OfficerMailingAddressInd00
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IRS990/Organization501cInd0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0322
IRS990/OtherExpensesGrp/Desc0CERTIFICATION PROGRAM
IRS990/OtherExpensesGrp/Desc1CONFERENCES AND SEMINAR
IRS990/OtherExpensesGrp/Desc2TECHNICAL SERVICES
IRS990/OtherExpensesGrp/Desc3MANUAL OF PRACTICE
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IRS990/OtherExpensesGrp/TotalAmt1154310
IRS990/OtherExpensesGrp/TotalAmt2141923
IRS990/OtherExpensesGrp/TotalAmt385976
IRS990/OtherLiabilitiesGrp/BOYAmt010991
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IRS990/OtherRevenueMiscGrp/BusinessCd0541800
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IRS990/OtherRevenueMiscGrp/Desc0ADVERTISING
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IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
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IRS990/ProgramServiceRevenueGrp/BusinessCd3541900
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM CERTIFICATION
IRS990/ProgramServiceRevenueGrp/Desc1INSPECTOR TRAINING
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990/RoyaltiesRevenueGrp/ExclusionAmt070830
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IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt090334
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0150839
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0142208
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0293047
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt086385
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11485
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt225120
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL TAXES PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt0-18156
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02671868
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 740-10 (FASB ASC 740-10). FASB ASC 740-10 CLARIFIES THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ORGANIZATIONS INCOME TAX RETURNS. THE ORGANIZATIONS INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES WITHIN THE THREE YEAR OPEN AUDIT PERIODS OF 20142016. ALTHOUGH THE FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION OR LIABILITY FOR INCOME TAXES, AN EVALUATION OF THE ORGANIZATIONS TAX POSITIONS, INTERPRETATIONS AND TAX PLANNING STRATEGIES ARE CONSIDERED. THE ORGANIZATION BELIEVES THEIR TAX POSITIONS ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalLiabilityAmt0112990
IRS990ScheduleD/TotalRevenuePerForm990Amt02671868
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02653712
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02687719
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0144179
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0ROYALTIES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
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IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt01
IRS990ScheduleF/SubtotalOfficesCnt00
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IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0144179
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt072411
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt072411
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt072411

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