Civic Intelligence

Southwater Inc

990 • Fiscal year 2019 • EIN 37-1338297

Jan 01, 2019 to Dec 31, 2019 • Filed on May 05, 2020

Organization ProfileSOUTHWATERINC.EPAYUB.COM
27183 Sandy Creek RoadTamms, IL 62988

(618) 776-5274

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.64x

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

2019 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

3.76x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2019

Net Margin

14th percentile

-15%

Higher net margin than 14% of similar nonprofits.

2019 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

54th percentile

$75,148

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2019 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2019

Asset Growth

18th percentile

-4.5%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

68th percentile

9.5%

Faster revenue growth than 68% of similar nonprofits.

2019 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$9,206,361

Down $435,625 (-4.5%) from 2018

Net Assets

Down

$3,353,893

Down $249,153 (-6.9%) from 2018

Liabilities

Down

$5,852,468

Down $186,472 (-3.1%) from 2018

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin14th percentile

Revenue

Up

$1,554,476

Up $134,830 (+9.5%) from 2018

Expenses

Down

$1,780,857

Down $11,834 (-0.7%) from 2018

Net Income

Up

-$226,381

Up $146,664 (+39%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$15M$10M$5.0M$0Assets 2010: $11,636,999Liabilities 2010: $5,694,673Net Assets 2010: $5,942,3262010Assets 2011: $12,144,947Liabilities 2011: $6,011,658Net Assets 2011: $6,133,2892011Assets 2012: $12,053,267Liabilities 2012: $6,036,479Net Assets 2012: $6,016,7882012Assets 2013: $11,738,042Liabilities 2013: $6,282,091Net Assets 2013: $5,455,9512013Assets 2014: $11,260,106Liabilities 2014: $6,136,156Net Assets 2014: $5,123,9502014Assets 2015: $10,865,989Liabilities 2015: $6,006,555Net Assets 2015: $4,859,4342015Assets 2016: $10,333,596Liabilities 2016: $5,857,372Net Assets 2016: $4,476,2242016Assets 2017: $9,698,445Liabilities 2017: $5,722,354Net Assets 2017: $3,976,0912017Assets 2018: $9,641,986Liabilities 2018: $6,038,940Net Assets 2018: $3,603,0462018Assets 2019: $9,206,361Liabilities 2019: $5,852,468Net Assets 2019: $3,353,8932019Assets 2020: $8,659,097Liabilities 2020: $5,731,374Net Assets 2020: $2,927,7232020Assets 2021: $8,152,162Liabilities 2021: $5,470,957Net Assets 2021: $2,681,2052021Assets 2022: $7,565,278Liabilities 2022: $5,260,797Net Assets 2022: $2,304,4812022Assets 2023: $7,151,546Liabilities 2023: $5,825,913Net Assets 2023: $1,325,6332023Assets 2024: $7,634,794Liabilities 2024: $6,556,142Net Assets 2024: $1,078,6522024

Highlighted filing

2019

Assets$9,206,361
Liabilities$5,852,468
Net Assets$3,353,893
Open 2019 Filing

Operations Trend

Revenue Growth68th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,568,0112010Expenses 2011: $1,683,2312011Expenses 2012: $1,772,2642012Revenue 2013: $1,229,562Expenses 2013: $1,790,399Net Income 2013: -$560,8372013Revenue 2014: $1,410,151Expenses 2014: $1,742,152Net Income 2014: -$332,0012014Revenue 2015: $1,453,957Expenses 2015: $1,726,473Net Income 2015: -$272,5162015Revenue 2016: $1,455,671Expenses 2016: $1,838,881Net Income 2016: -$383,2102016Revenue 2017: $1,359,393Expenses 2017: $1,859,526Net Income 2017: -$500,1332017Revenue 2018: $1,419,646Expenses 2018: $1,792,691Net Income 2018: -$373,0452018Revenue 2019: $1,554,476Expenses 2019: $1,780,857Net Income 2019: -$226,3812019Revenue 2020: $1,388,820Expenses 2020: $1,814,990Net Income 2020: -$426,1702020Revenue 2021: $1,585,503Expenses 2021: $1,832,021Net Income 2021: -$246,5182021Revenue 2022: $1,595,820Expenses 2022: $1,972,544Net Income 2022: -$376,7242022Revenue 2023: $1,574,104Expenses 2023: $2,218,113Net Income 2023: -$644,0092023Revenue 2024: $2,190,455Expenses 2024: $2,437,436Net Income 2024: -$246,9812024

Highlighted filing

2019

Revenue$1,554,476
Expenses$1,780,857
Net Income-$226,381
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 5, 2020
Return Version
2019v5.1
Gross Receipts
$1,554,476
Mission and Program Overview

Mission

Provide water services for communities and farm dwellings in rural southern illinois. Southwater operates a regional potable water treatment and distribution system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,010,941$8,544,039▼ $466,902
Cash and Non-Interest-Bearing Accounts$381,584$425,678▲ $44,094
Accounts Receivable$188,926$202,201▲ $13,275
Inventories for Sale or Use$36,676$33,357▼ $3,319
Other Notes and Loans Receivable, Net$1,086$1,086→ $0
Total Assets$9,619,213$9,206,361▼ $412,852
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,838,753$5,680,974▼ $157,779
Accounts Payable and Accrued Expenses$91,847$105,737▲ $13,890
Unsecured Notes Loans Payable$108,339$65,757▼ $42,582
Total Liabilities$6,038,939$5,852,468▼ $186,471
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,215,817$2,956,271▼ $259,546
Net Assets With Donor Restrictions$364,457$397,622▲ $33,165
Total Net Assets Fund Balance$3,580,274$3,353,893▼ $226,381
Total Liabilities and Net Assets / Fund Balance$9,619,213$9,206,361▼ $412,852

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,624,830$13,247,667$20,872,497
Land$860,358-$860,358
Equipment$58,851$143,377$202,228
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Derek HogueExecutive Vice PresFT$70,894$4,254$75,148
Scott UryPresident-$628-$628
Debra SealDirector-$559-$559
Bob McintoshSecretary/treasurer-$549-$549
Ryan ParrDirector-$546-$546
Scott MillerDirector-$503-$503

Board Members and Trustees

NameTitle
Kerry HillVice President
Patrick FergusonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$181,900
Program Service Revenue
$1,354,539
Investment Income
$409
Other Revenue
$17,628
Change in Net Assets
$-226,381

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,554,476
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,554,476
Total Revenue per Form 990
$1,554,476
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,423,925
Salaries, Compensation, and Employee Benefits$356,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$670,539--$670,539
Interest$232,439--$232,439
Other Salaries and Wages$191,761--$191,761
Occupancy$151,879$7,239-$159,118
Current Officers, Directors, Trustees, and Key Employees$6,073$67,606-$73,679
Other Employee Benefits$48,177$11,496-$59,673
Other Expenses$35,396--$35,396
Insurance-$33,387-$33,387
Payroll Taxes$21,474--$21,474
Office Expenses$12,337--$12,337
Pension Plan Contributions$10,345--$10,345
Fees for Services Accounting-$4,800-$4,800
Fees for Services Legal$3,394--$3,394
Total Functional Expenses$1,656,329$124,528$0$1,780,857

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,780,857
Total Expenses per Audited Statements$1,780,857
Total Expenses per Form 990$1,780,857
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Southern illinois electric cooperative is the sole member of southwater, inc. The sole member elects the southwater board of directors at an annual meeting.”

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

“The sole member elects the southwater, inc. Board of directors.”

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

“All members of the board of directors reviews the 990 before it is filed.”

Form 990, Part VI, Section B, Line 15

“Southwater inc. Board of directors approves the compensation of the executive vice-president, derek hogue. Southwater inc. Board of directors approves the compensation of all employees.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and the financial statements are available to the public upon request.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Scott ury - 3270 state route 146 east, anna, il 62906. Kerry hill - 325 rhymer road, mcclure, il 62957. Scott miller - 19246 davie road, tamms, il 62988. Derek hogue - 27183 sandy creek road, tamms, il 62988. Bob mcintosh - 227 mcintosh farm lane, pulaski, il 62976. Patrick ferguson - po box 63, dongola, il 62926. Debra seal - 37373 grapevine trail, mcclure, il 62957. Ryan parr - 305 marchildon, thebes, il 62990.”

Filing and Contact Details

Filer

Filer Name
Southwater Inc
EIN
37-1338297
Phone
6187765274
Address
27183 SANDY CREEK ROAD, TAMMS, IL 62988

Signing Officer

Name
Derek Hogue
Title
Executive Vice President
Phone
6187765274
Signed
2020-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derek Hogue
Formed
1994
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
5
Volunteers
0

Preparer

Firm
Kerber Eck & Braeckel Llp
Address
3401 OFFICE PARK DRIVE, MARION, IL 62959
Preparer
Anna Guetersloh
Phone
6189938724
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from payment of federal and illinois income taxes under section 501(c)(4) of the internal revenue code. The corporation has recognized in the financial statements the effects of all tax positions and continually evaluates expiring statutes of limitations, audits, changes in tax law, and new authoritative rulings. The corporation is not aware of any significant circumstances or events that make it reasonably possible that unrecognized tax benefits may increase or decrease within 12 months of the statement of financial position date. Penalties and interest assessed by taxing authorities are included in general and administrative expenses, if applicable. There were no interest or penalties paid during fiscal years 2019 and 2018.”

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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/PensionPlanContributionsGrp/ProgramServicesAmt010345
IRS990/PensionPlanContributionsGrp/TotalAmt010345
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DEREK HOGUE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0WATER SALES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01354539
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt060000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0446
IRS990/PYOtherExpensesAmt01444844
IRS990/PYOtherRevenueAmt029446
IRS990/PYProgramServiceRevenueAmt01329754
IRS990/PYRevenuesLessExpensesAmt0-373045
IRS990/PYSalariesCompEmpBnftPaidAmt0347847
IRS990/PYTotalExpensesAmt01792691
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01419646
IRS990/ReconcilationRevenueExpnssAmt0-226381
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01372167
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt058851
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0143377
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0202228
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01780857
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0860358
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0860358
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07624830
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013247667
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020872497
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01554476
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM PAYMENT OF FEDERAL AND ILLINOIS INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS RECOGNIZED IN THE FINANCIAL STATEMENTS THE EFFECTS OF ALL TAX POSITIONS AND CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE CORPORATION IS NOT AWARE OF ANY SIGNIFICANT CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT UNRECOGNIZED TAX BENEFITS MAY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE STATEMENT OF FINANCIAL POSITION DATE. PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES ARE INCLUDED IN GENERAL AND ADMINISTRATIVE EXPENSES, IF APPLICABLE. THERE WERE NO INTEREST OR PENALTIES PAID DURING FISCAL YEARS 2019 AND 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt01780857
IRS990ScheduleD/TotalRevenuePerForm990Amt01554476
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01554476
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01780857
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SOUTHERN ILLINOIS ELECTRIC COOPERATIVE IS THE SOLE MEMBER OF SOUTHWATER, INC. THE SOLE MEMBER ELECTS THE SOUTHWATER BOARD OF DIRECTORS AT AN ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER ELECTS THE SOUTHWATER, INC. BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS OF THE BOARD OF DIRECTORS REVIEWS THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SOUTHWATER INC. BOARD OF DIRECTORS APPROVES THE COMPENSATION OF THE EXECUTIVE VICE-PRESIDENT, DEREK HOGUE. SOUTHWATER INC. BOARD OF DIRECTORS APPROVES THE COMPENSATION OF ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SCOTT URY - 3270 STATE ROUTE 146 EAST, ANNA, IL 62906. KERRY HILL - 325 RHYMER ROAD, MCCLURE, IL 62957. SCOTT MILLER - 19246 DAVIE ROAD, TAMMS, IL 62988. DEREK HOGUE - 27183 SANDY CREEK ROAD, TAMMS, IL 62988. BOB MCINTOSH - 227 MCINTOSH FARM LANE, PULASKI, IL 62976. PATRICK FERGUSON - PO BOX 63, DONGOLA, IL 62926. DEBRA SEAL - 37373 GRAPEVINE TRAIL, MCCLURE, IL 62957. RYAN PARR - 305 MARCHILDON, THEBES, IL 62990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SOUTHERN ILLINOIS ELECTRIC COOPERATIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0370525125
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C12
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ELECTRIC SUPPLIER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DONGOLA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0GAAP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SOUTHERN ILLINOIS ELECTRIC COOPERATIVE
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IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt09206361
IRS990/TotalAssetsGrp/BOYAmt09619213
IRS990/TotalAssetsGrp/EOYAmt09206361
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0181900
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0124528
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01656329
IRS990/TotalFunctionalExpensesGrp/TotalAmt01780857
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06038939
IRS990/TotalLiabilitiesEOYAmt05852468
IRS990/TotalLiabilitiesGrp/BOYAmt06038939
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03580274
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IRS990/TotalOtherCompensationAmt04254
IRS990/TotalProgramServiceExpensesAmt01656329
IRS990/TotalProgramServiceRevenueAmt01354539
IRS990/TotalReportableCompFromOrgAmt073679
IRS990/TotalRevenueGrp/ExclusionAmt0409
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01372167
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01554476
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0108339
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt065757
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0TAMMS
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd062988
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTPS://SOUTHWATERINC.EPAYUB.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DEREK HOGUE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE PRESIDENT
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ReturnHeader/FilingSecurityInformation/IPTm012:04:31

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,206,361
Liabilities
$5,852,468
Net assets
$3,353,893
Revenue
$1,554,476
Expenses
$1,780,857
Net income
-$226,381
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.63$6.56$1.08$2.19$2.44$0.25
2023Detailed filing. Detailed filing data is available for this year.$7.15$5.83$1.33$1.57$2.22$0.64
2022Detailed filing. Detailed filing data is available for this year.$7.57$5.26$2.30$1.60$1.97$0.38
2021Detailed filing. Detailed filing data is available for this year.$8.15$5.47$2.68$1.59$1.83$0.25
2020Detailed filing. Detailed filing data is available for this year.$8.66$5.73$2.93$1.39$1.81$0.43
2019Detailed filing. Detailed filing data is available for this year.$9.21$5.85$3.35$1.55$1.78$0.23
2018Detailed filing. Detailed filing data is available for this year.$9.64$6.04$3.60$1.42$1.79$0.37
2017Detailed filing. Detailed filing data is available for this year.$9.70$5.72$3.98$1.36$1.86$0.50
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$5.86$4.48$1.46$1.84$0.38
2015Detailed filing. Detailed filing data is available for this year.$10.9$6.01$4.86$1.45$1.73$0.27
2014Detailed filing. Detailed filing data is available for this year.$11.3$6.14$5.12$1.41$1.74$0.33
2013Detailed filing. Detailed filing data is available for this year.$11.7$6.28$5.46$1.23$1.79$0.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$6.04$6.02$1.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$6.01$6.13$1.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$5.69$5.94$1.57