Civic Intelligence

Hillcrest Scurlock Water System Inc

990 • Fiscal year 2018 • EIN 56-1030614

Jul 01, 2017 to Jun 30, 2018 • Filed on Jul 18, 2018

P O Box 1536Raeford, NC 28376

(910) 875-7942

Siviq Scores

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

Liabilities / Assets

71st percentile

0.11x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • 501(c)12 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

64th percentile

0.10x

Higher debt load relative to revenue than 64% of similar nonprofits.

2018 filings • 501(c)12 • <$500k nonprofits • Source year 2018

Net Margin

35th percentile

-1.6%

Higher net margin than 35% of similar nonprofits.

2018 filings • 501(c)12 • <$500k nonprofits • Source year 2018

Top Officer Pay

96th percentile

$19,082

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2018 filings • 501(c)12 • <$500k nonprofits • Source year 2018

Asset Growth

39th percentile

-0.4%

Faster asset growth than 39% of similar nonprofits.

2018 filings • 501(c)12 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

49th percentile

3.2%

Faster revenue growth than 49% of similar nonprofits.

2018 filings • 501(c)12 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$246,325

Down $969 (-0.4%) from 2017

Net Assets

Down

$219,447

Down $4,319 (-1.9%) from 2017

Liabilities

Up

$26,878

Up $3,350 (+14%) from 2017

Revenue

Up

$267,598

Up $8,176 (+3.2%) from 2017

Expenses

Up

$271,917

Up $27,456 (+11%) from 2017

Net Income

Down

-$4,319

Down $19,280 (-129%) from 2017

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $255,757Liabilities 2012: $21,766Net Assets 2012: $233,9912012Assets 2013: $252,119Liabilities 2013: $22,009Net Assets 2013: $230,1102013Assets 2014: $206,611Liabilities 2014: $21,851Net Assets 2014: $184,7602014Assets 2015: $225,674Liabilities 2015: $29,342Net Assets 2015: $196,3322015Assets 2016: $237,938Liabilities 2016: $29,133Net Assets 2016: $208,8052016Assets 2017: $247,294Liabilities 2017: $23,528Net Assets 2017: $223,7662017Assets 2018: $246,325Liabilities 2018: $26,878Net Assets 2018: $219,4472018Assets 2019: $263,272Liabilities 2019: $30,723Net Assets 2019: $232,5492019Assets 2021: $260,246Liabilities 2021: $43,829Net Assets 2021: $216,4172021

Highlighted filing

2018

Assets$246,325
Liabilities$26,878
Net Assets$219,447

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2012: $231,0012012Expenses 2013: $236,7382013Revenue 2014: $210,838Expenses 2014: $256,188Net Income 2014: -$45,3502014Revenue 2015: $238,855Expenses 2015: $227,283Net Income 2015: $11,5722015Revenue 2016: $238,195Expenses 2016: $226,223Net Income 2016: $11,9722016Revenue 2017: $259,422Expenses 2017: $244,461Net Income 2017: $14,9612017Revenue 2018: $267,598Expenses 2018: $271,917Net Income 2018: -$4,3192018Revenue 2019: $314,837Expenses 2019: $301,735Net Income 2019: $13,1022019Revenue 2021: $259,091Expenses 2021: $249,408Net Income 2021: $9,6832021

Highlighted filing

2018

Revenue$267,598
Expenses$271,917
Net Income-$4,319
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jul 18, 2018
Return Version
2017v2.2
Gross Receipts
$267,598
Mission and Program Overview

Mission

This organization was established to provide clean water to the water district set up through the hoke county commissioners. The system sales water to the citizens within its district and operates on nonprofit basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$143,850$138,890▼ $4,960
Cash and Non-Interest-Bearing Accounts$68,338$70,857▲ $2,519
Accounts Receivable$22,896$24,368▲ $1,472
Savings and Temporary Cash Investments$6,460$6,460→ $0
Inventories for Sale or Use$5,750$5,750→ $0
Total Assets$247,294$246,325▼ $969
Liabilities
Other Liabilities$23,528$22,800▼ $728
Accounts Payable and Accrued Expenses-$4,078-
Total Liabilities$23,528$26,878▲ $3,350
Net Assets / Fund Balance
Unrestricted Net Assets$173,766$169,447▼ $4,319
Permanently Rstr Net Assets$50,000$50,000→ $0
Total Net Assets Fund Balance$223,766$219,447▼ $4,319
Total Liabilities and Net Assets / Fund Balance$247,294$246,325▼ $969

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$69,910$327,468$397,378
Buildings$26,205$30,762$56,967
Land$42,775-$42,775
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lynn SalzerSecretaryPT$19,082$19,082
Cleo McPhatterBoardPT$10,227$10,227

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$238,054
Investment Income
$0
Other Revenue
$29,544
Change in Net Assets
$-4,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$140,871
Other Expenses$131,046
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$102,124--$102,124
All Other Expenses$76,142--$76,142
Current Officers, Directors, Trustees, and Key Employees$29,309--$29,309
Depreciation Depletion$11,271--$11,271
Payroll Taxes$9,438--$9,438
Insurance$8,810--$8,810
Office Expenses$5,025--$5,025
Fees for Services Accounting$4,100--$4,100
Other Expenses$1,210--$1,210
Advertising$214--$214
Total Functional Expenses$271,917$0$0$271,917
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$22,800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

The members of the water system pay a refundable security deposit upon applying for service. They have the right to vote on the members of the board, which handles the operations of the system.the board elects the officers of the system and hires employees.

Member election for additional members Part VI line 7A

Members elect the board members who elect the officers of the organization. The officers make management decisions.

Governing body decisions Part VI line 7B

The large decisions to invest in additional wells or capital assets or enter into loans with financial institutions are approved by the members.

Governing body meeting documentation Part VI line 8A

Minutes are maintained of member or board meetings and are retained by the secretary.

Form 990 governing body review Part VI line 11

The board members are afforded a copy of the form 990 for their review are the monthly meeting prior to the filing date.

CEO executive director top management comp Part VI line 15A

The board approves the salaries of all employees including officers and the annual directors fee.

Other officer or key employee compensation Part VI line 15B

The previous statement covers all compensation to officers, directors and employees.

Governing documents etc available to public Part VI line 19

The system maintains an office in which all documents, contracts, minutes of meetings and any other documents are readily available to the general members any time they desire to examine them. There are copies of all policies and procedure manuals, as well as; any requirements regarding conflicts of interest or financial statements maintained at the corporate offices which are within the water district geograpic area of the water district.

Filing and Contact Details

Filer

Filer Name
Hillcrest Scurlock Water System Inc
EIN
56-1030614
Address
P O BOX 1536, Raeford, NC 28376

Signing Officer

Name
Cleo Mcphatter
Title
President
Phone
9108754972
Signed
2018-07-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cleo McPhatter
Formed
1964
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
12
Volunteers
10

Preparer

Firm
James F Baker CPA Pa
Address
PO BOX 149, Raeford, NC 28376
Preparer
James F Baker CPA
Phone
9108780371
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

See the attached schedule of Other Expenses listed as Overflow information. Operating Supplies 16,678 Postage 2,204 Dues 1,240 Repairs and Maintenance 24,233 Telephone Expenses 3,388 Water Analysis 10,740 Yard Work 3,175 FiremanS Dinner 366 Total 62,024

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0138890
IRS990ScheduleD/TotalLiabilityAmt022800
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS OF THE WATER SYSTEM PAY A REFUNDABLE SECURITY DEPOSIT UPON APPLYING FOR SERVICE. THEY HAVE THE RIGHT TO VOTE ON THE MEMBERS OF THE BOARD, WHICH HANDLES THE OPERATIONS OF THE SYSTEM.THE BOARD ELECTS THE OFFICERS OF THE SYSTEM AND HIRES EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE BOARD MEMBERS WHO ELECT THE OFFICERS OF THE ORGANIZATION. THE OFFICERS MAKE MANAGEMENT DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE LARGE DECISIONS TO INVEST IN ADDITIONAL WELLS OR CAPITAL ASSETS OR ENTER INTO LOANS WITH FINANCIAL INSTITUTIONS ARE APPROVED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MINUTES ARE MAINTAINED OF MEMBER OR BOARD MEETINGS AND ARE RETAINED BY THE SECRETARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD MEMBERS ARE AFFORDED A COPY OF THE FORM 990 FOR THEIR REVIEW ARE THE MONTHLY MEETING PRIOR TO THE FILING DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD APPROVES THE SALARIES OF ALL EMPLOYEES INCLUDING OFFICERS AND THE ANNUAL DIRECTORS FEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PREVIOUS STATEMENT COVERS ALL COMPENSATION TO OFFICERS, DIRECTORS AND EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE SYSTEM MAINTAINS AN OFFICE IN WHICH ALL DOCUMENTS, CONTRACTS, MINUTES OF MEETINGS AND ANY OTHER DOCUMENTS ARE READILY AVAILABLE TO THE GENERAL MEMBERS ANY TIME THEY DESIRE TO EXAMINE THEM. THERE ARE COPIES OF ALL POLICIES AND PROCEDURE MANUALS, AS WELL AS; ANY REQUIREMENTS REGARDING CONFLICTS OF INTEREST OR FINANCIAL STATEMENTS MAINTAINED AT THE CORPORATE OFFICES WHICH ARE WITHIN THE WATER DISTRICT GEOGRAPIC AREA OF THE WATER DISTRICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8See the attached schedule of Other Expenses listed as Overflow information. Operating Supplies 16,678 Postage 2,204 Dues 1,240 Repairs and Maintenance 24,233 Telephone Expenses 3,388 Water Analysis 10,740 Yard Work 3,175 FiremanS Dinner 366 Total 62,024
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8List of other expenses Part IX line 24e
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0271917
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023528
IRS990/TotalLiabilitiesEOYAmt026878
IRS990/TotalLiabilitiesGrp/BOYAmt023528
IRS990/TotalLiabilitiesGrp/EOYAmt026878
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0223766
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0219447
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0271917
IRS990/TotalProgramServiceRevenueAmt0238054
IRS990/TotalReportableCompFromOrgAmt029309
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0267598
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0267598
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0247294
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0246325
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0173766
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0169447
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0HWY 401 BUS
IRS990/USAddress/CityNm0Raeford
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028376
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CLEO MCPHATTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09108754972
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HILLCREST SCURLOCK WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0HILL
ReturnHeader/Filer/EIN0561030614
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 1536
ReturnHeader/Filer/USAddress/CityNm0Raeford
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C43ACE549DC4FB24C4CC4351DCC0841BE6836220
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C43ACE549DC4FB24C4CC4351DCC0841BE6836220
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId05602432018248satrbal
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-09-05
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.1.26.161
ReturnHeader/FilingSecurityInformation/IPDt02018-09-05
ReturnHeader/FilingSecurityInformation/IPTm014:53:58
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561542160
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAMES F BAKER CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 149
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Raeford
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028376
ReturnHeader/PreparerPersonGrp/PhoneNum09108780371
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES F BAKER CPA
ReturnHeader/ReturnTs02018-07-18T16:01:01-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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