Civic Intelligence

Mahaska Rural Water Systems Inc

990 • Fiscal year 2014 • EIN 42-1027242

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 20, 2015

Organization Profilewww.mahaskaruralwater.com

View Organization Page

401 B Avenue WestOskaloosa, IA 52577

(641) 673-8851

Siviq Scores

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

Liabilities / Assets

44th percentile

0.33x

Higher debt load relative to assets than 44% of similar nonprofits.

2014 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

65th percentile

2.05x

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

2014 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2014

Net Margin

64th percentile

9.1%

Higher net margin than 64% of similar nonprofits.

2014 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

66th percentile

$128,991

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2014 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2014

Asset Growth

64th percentile

2.5%

Faster asset growth than 64% of similar nonprofits.

2014 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

7th percentile

-16%

Faster revenue growth than 7% of similar nonprofits.

2014 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$14,901,559

Up $362,970 (+2.5%) from 2013

Net Assets

Up

$9,991,047

Up $216,830 (+2.2%) from 2013

Liabilities

Up

$4,910,512

Up $146,140 (+3.1%) from 2013

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin64th percentile

Revenue

Down

$2,390,344

Down $469,721 (-16%) from 2013

Expenses

Up

$2,173,514

Up $96,578 (+4.7%) from 2013

Net Income

Down

$216,830

Down $566,299 (-72%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $12,479,277Liabilities 2010: $4,874,801Net Assets 2010: $7,604,4762010Assets 2011: $12,987,368Liabilities 2011: $4,970,643Net Assets 2011: $8,016,7252011Assets 2012: $13,627,380Liabilities 2012: $4,751,460Net Assets 2012: $8,875,9202012Assets 2013: $14,538,589Liabilities 2013: $4,764,372Net Assets 2013: $9,774,2172013Assets 2014: $14,901,559Liabilities 2014: $4,910,512Net Assets 2014: $9,991,0472014Assets 2015: $16,403,950Liabilities 2015: $6,144,606Net Assets 2015: $10,259,3442015Assets 2016: $16,462,287Liabilities 2016: $5,945,311Net Assets 2016: $10,516,9762016Assets 2017: $16,438,789Liabilities 2017: $5,706,165Net Assets 2017: $10,732,6242017Assets 2018: $17,360,089Liabilities 2018: $6,021,207Net Assets 2018: $11,338,8822018Assets 2019: $17,436,082Liabilities 2019: $5,698,892Net Assets 2019: $11,737,1902019Assets 2020: $17,392,595Liabilities 2020: $5,136,413Net Assets 2020: $12,256,1822020Assets 2021: $18,072,103Liabilities 2021: $5,397,285Net Assets 2021: $12,674,8182021Assets 2022: $17,878,364Liabilities 2022: $4,970,508Net Assets 2022: $12,907,8562022Assets 2023: $18,674,360Liabilities 2023: $5,410,917Net Assets 2023: $13,263,4432023Assets 2024: $19,965,655Liabilities 2024: $6,100,358Net Assets 2024: $13,865,2972024

Highlighted filing

2014

Assets$14,901,559
Liabilities$4,910,512
Net Assets$9,991,047
Open 2014 Filing

Operations Trend

Revenue Growth7th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $1,716,2822010Expenses 2011: $1,749,9642011Expenses 2012: $1,913,7362012Revenue 2013: $2,860,065Expenses 2013: $2,076,936Net Income 2013: $783,1292013Revenue 2014: $2,390,344Expenses 2014: $2,173,514Net Income 2014: $216,8302014Revenue 2015: $2,406,058Expenses 2015: $2,137,761Net Income 2015: $268,2972015Revenue 2016: $2,572,666Expenses 2016: $2,315,034Net Income 2016: $257,6322016Revenue 2017: $2,592,808Expenses 2017: $2,377,160Net Income 2017: $215,6482017Revenue 2018: $2,932,126Expenses 2018: $2,325,868Net Income 2018: $606,2582018Revenue 2019: $2,767,852Expenses 2019: $2,369,544Net Income 2019: $398,3082019Revenue 2020: $2,752,801Expenses 2020: $2,233,809Net Income 2020: $518,9922020Revenue 2021: $2,777,347Expenses 2021: $2,358,711Net Income 2021: $418,6362021Revenue 2022: $2,719,515Expenses 2022: $2,486,477Net Income 2022: $233,0382022Revenue 2023: $2,879,233Expenses 2023: $2,523,646Net Income 2023: $355,5872023Revenue 2024: $3,217,268Expenses 2024: $2,615,414Net Income 2024: $601,8542024

Highlighted filing

2014

Revenue$2,390,344
Expenses$2,173,514
Net Income$216,830
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 20, 2015
Return Version
2014v5.0
Gross Receipts
$2,390,344
Mission and Program Overview

Mission

Provide water and sewer services to a rural community of approximately 4,520 users.

Provide water and sewer services to a rural community of approximately 3154 users.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,711,264$12,727,550▲ $16,286
Rtn Earn Endowment Incm Other Fnds$5,164,736$5,373,766▲ $209,030
Pd in Cap Srpls Land Bldg Eqp Fund$3,848,121$3,848,121→ $0
Savings and Temporary Cash Investments$859,521$899,857▲ $40,336
Cap Stk Tr Prin Current Funds$761,360$769,160▲ $7,800
Cash and Non-Interest-Bearing Accounts$202,578$379,931▲ $177,353
Accounts Receivable$495,801$232,025▼ $263,776
Inventories for Sale or Use$42,966$55,783▲ $12,817
Prepaid Expenses and Deferred Charges$9,529$9,529→ $0
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$14,538,589$14,901,559▲ $362,970
Other Assets Total$216,930$596,884▲ $379,954
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,565,776$4,662,156▲ $96,380
Accounts Payable and Accrued Expenses$175,224$221,610▲ $46,386
Other Liabilities$23,372$26,746▲ $3,374
Total Liabilities$4,764,372$4,910,512▲ $146,140
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,774,217$9,991,047▲ $216,830
Total Liabilities and Net Assets / Fund Balance$14,538,589$14,901,559▲ $362,970

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,428,463$6,576,911$19,005,374
Buildings$160,540$37,693$198,233
Land$138,547-$138,547
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randal PleimaManagerFT$118,660$10,331$128,991
Jon ButlerDirector-$540-$540
Keith NewendorpDes/Treasurer-$540-$540
Richard Vande HaarPresident-$540-$540
Mark FranjeDirector-$450-$450
Ron KnootDirector-$450-$450
Doug BoenderDirector-$405-$405

Board Members and Trustees

NameTitle
Jim JagerVice President

Highest Paid Contractors

ContractorServicesLocationCompensation
Rice Lake Construction GroupTreatment Plant Add.22360 Cty Rd 12PO Box 517, Deerwood, MN 56444$213,750
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,348,713
Investment Income
$41,631
Other Revenue
$0
Change in Net Assets
$216,830

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,351,183
Revenue Not Reported on Financial Statements
$39,161
Other Revenue Adjustments
$39,161
Total Revenue per Audited Statements
$2,351,183
Total Revenue per Form 990
$2,390,344
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,458,503
Salaries, Compensation, and Employee Benefits$713,511
Grants and Similar Amounts Paid$1,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$431,184$98,849-$530,033
Depreciation Depletion$408,853$793-$409,646
Interest$174,286--$174,286
Other Employee Benefits$92,523$22,395-$114,918
Occupancy$88,445$8,456-$96,901
Other Expenses$84,170--$84,170
All Other Expenses$36,291$38,569-$74,860
Insurance-$43,217-$43,217
Payroll Taxes$33,270$7,627-$40,897
Pension Plan Contributions$21,088$3,650-$24,738
Office Expenses-$17,836-$17,836
Fees for Services Accounting-$7,733-$7,733
Travel$5,696--$5,696
Advertising-$4,417-$4,417
Current Officers, Directors, Trustees, and Key Employees-$2,925-$2,925
Grants to Domestic Orgs$1,500--$1,500
Total Functional Expenses$1,917,047$256,467$0$2,173,514

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,173,514
Expenses per Audited Statements$2,134,353
Total Expenses per Audited Statements$2,134,353
Expenses Not Reported on Financial Statements$39,161
Other Expense Adjustments$39,161
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-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits Held$26,746
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
No
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, Line 6: Explanation of Classes of Members or Shareholder

“Members are individuals who purchase water or sewer services from the organization”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 is reviewed by the board of directors at its regular monthly meeting before it is signed and filed”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Board obtains compensation data for managers of other rural water districts in iowa.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Board of directors compares compensation of manager (ceo) to compensation of managers of other rural water associations in state of iowa on an annual basis”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“At the annual meeting of the members of the organization, members are informed that governing documents and financial statements are available to them in the organization's office”

Filing and Contact Details

Filer

Filer Name
Mahaska Rural Water Systems Inc
EIN
42-1027242
Phone
6416738851
Address
401 B Avenue West, Oskaloosa, IA 52577

Signing Officer

Name
Richard Vande Haar
Title
President
Signed
2015-10-20
Discuss with paid preparer
Yes

Organization Details

Formed
1974
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
1
Employees
15

Preparer

Firm
TD&T CPAs and Advisors PC
Address
317 HIGH AVE E, OSKALOOSA, IA 52577-2823
Preparer
Joseph B Ryan CPA
Phone
6416722523
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is an Iowa nonprofit corporation and is exempt from income taxes under Section 501(c)(12) of the Internal Revenue Code and a similar section of the state code. The Organizations tax status determination letter received from the Internal Revenue Service is dated January 5, 1977. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Organization believes it is no longer subject to income tax examinations for years ended prior to December 31, 2011.”

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Patronage div netted to int exp on f/s $39161”

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Int exp grossed up for patronage div $39161”

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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/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt039161
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt041631
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06614604
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012711264
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012727550
IRS990/LandBldgEquipCostOrOtherBssAmt019342154
IRS990/LegalDomicileStateCd0IA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt02187780
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE WATER AND SEWER SERVICES TO A RURAL COMMUNITY OF APPROXIMATELY 3154 USERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04565776
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04662156
IRS990/NetAssetsOrFundBalancesBOYAmt09774217
IRS990/NetAssetsOrFundBalancesEOYAmt09991047
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt08456
IRS990/OccupancyGrp/ProgramServicesAmt088445
IRS990/OccupancyGrp/TotalAmt096901
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017836
IRS990/OfficeExpensesGrp/TotalAmt017836
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0216930
IRS990/OtherAssetsTotalGrp/EOYAmt0596884
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022395
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt092523
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0114918
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1CHEMICALS & SAMPLES
IRS990/OtherExpensesGrp/Desc2VEHICLES EXPENSE
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt0296852
IRS990/OtherExpensesGrp/ProgramServicesAmt1153015
IRS990/OtherExpensesGrp/ProgramServicesAmt289874
IRS990/OtherExpensesGrp/ProgramServicesAmt384170
IRS990/OtherExpensesGrp/TotalAmt0296852
IRS990/OtherExpensesGrp/TotalAmt1153015
IRS990/OtherExpensesGrp/TotalAmt289874
IRS990/OtherExpensesGrp/TotalAmt384170
IRS990/OtherLiabilitiesGrp/BOYAmt023372
IRS990/OtherLiabilitiesGrp/EOYAmt026746
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt098849
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0431184
IRS990/OtherSalariesAndWagesGrp/TotalAmt0530033
IRS990/OtherSourcesGrossIncomeAmt0138480
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07627
IRS990/PayrollTaxesGrp/ProgramServicesAmt033270
IRS990/PayrollTaxesGrp/TotalAmt040897
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt03848121
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt03848121
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03650
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt021088
IRS990/PensionPlanContributionsGrp/TotalAmt024738
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09529
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09529
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0Fees & Contracts Gov Agencies
IRS990/ProgramServiceRevenueGrp/Desc1Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc2WATER REVENUE, INSTALLS,
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0160933
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22179980
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0160933
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22179980
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt074475
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01399493
IRS990/PYProgramServiceRevenueAmt02783971
IRS990/PYRevenuesLessExpensesAmt0783129
IRS990/PYSalariesCompEmpBnftPaidAmt0675824
IRS990/PYTotalExpensesAmt02075317
IRS990/PYTotalRevenueAmt02858446
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0216830
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02387874
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05164736
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05373766
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0859521
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0899857
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0160540
IRS990ScheduleD/BuildingsGrp/DepreciationAmt037693
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0198233
IRS990ScheduleD/EquipmentGrp/BookValueAmt012428463
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06576911
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019005374
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt039161
IRS990ScheduleD/ExpensesSubtotalAmt02134353
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0138547
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0138547
IRS990ScheduleD/OtherExpensesNotIncludedAmt039161
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026746
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS HELD
IRS990ScheduleD/OtherRevenuesNotIncludedAmt039161
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt039161
IRS990ScheduleD/RevenueSubtotalAmt02351183
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is an Iowa nonprofit corporation and is exempt from income taxes under Section 501(c)(12) of the Internal Revenue Code and a similar section of the state code. The Organizations tax status determination letter received from the Internal Revenue Service is dated January 5, 1977. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Organization believes it is no longer subject to income tax examinations for years ended prior to December 31, 2011.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PATRONAGE DIV NETTED TO INT EXP ON F/S $39161
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INT EXP GROSSED UP FOR PATRONAGE DIV $39161
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012727550
IRS990ScheduleD/TotalExpensesPerForm990Amt02173514
IRS990ScheduleD/TotalLiabilityAmt026746
IRS990ScheduleD/TotalRevenuePerForm990Amt02390344
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02351183
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02134353
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS ARE INDIVIDUALS WHO PURCHASE WATER OR SEWER SERVICES FROM THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS AT ITS REGULAR MONTHLY MEETING BEFORE IT IS SIGNED AND FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OBTAINS COMPENSATION DATA FOR MANAGERS OF OTHER RURAL WATER DISTRICTS IN IOWA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS COMPARES COMPENSATION OF MANAGER (CEO) TO COMPENSATION OF MANAGERS OF OTHER RURAL WATER ASSOCIATIONS IN STATE OF IOWA ON AN ANNUAL BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AT THE ANNUAL MEETING OF THE MEMBERS OF THE ORGANIZATION, MEMBERS ARE INFORMED THAT GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THEM IN THE ORGANIZATION'S OFFICE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt014538589
IRS990/TotalAssetsEOYAmt014901559
IRS990/TotalAssetsGrp/BOYAmt014538589
IRS990/TotalAssetsGrp/EOYAmt014901559
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0256467
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01917047
IRS990/TotalFunctionalExpensesGrp/TotalAmt02173514
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04764372
IRS990/TotalLiabilitiesEOYAmt04910512
IRS990/TotalLiabilitiesGrp/BOYAmt04764372
IRS990/TotalLiabilitiesGrp/EOYAmt04910512
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09774217
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09991047
IRS990/TotalOtherCompensationAmt010331
IRS990/TotalProgramServiceExpensesAmt01917047
IRS990/TotalProgramServiceRevenueAmt02348713

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,901,559
Liabilities
$4,910,512
Net assets
$9,991,047
Revenue
$2,390,344
Expenses
$2,173,514
Net income
$216,830
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.0$6.10$13.9$3.22$2.62$0.60
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.7$5.41$13.3$2.88$2.52$0.36
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.9$4.97$12.9$2.72$2.49$0.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.1$5.40$12.7$2.78$2.36$0.42
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.4$5.14$12.3$2.75$2.23$0.52
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.4$5.70$11.7$2.77$2.37$0.40
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.4$6.02$11.3$2.93$2.33$0.61
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.4$5.71$10.7$2.59$2.38$0.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.5$5.95$10.5$2.57$2.32$0.26
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.4$6.14$10.3$2.41$2.14$0.27
2014Detailed filing. Detailed filing data is available for this year.$14.9$4.91$9.99$2.39$2.17$0.22
2013Detailed filing. Detailed filing data is available for this year.$14.5$4.76$9.77$2.86$2.08$0.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$4.75$8.88$1.91
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$4.97$8.02$1.75
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$4.87$7.60$1.72