Civic Intelligence

Hillcrest Scurlock Water System Inc

990 • Fiscal year 2019 • EIN 56-1030614

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 19, 2019

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

0.12x

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

2019 filings • 501(c)12 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

63rd percentile

0.10x

Higher debt load relative to revenue than 63% of similar nonprofits.

2019 filings • 501(c)12 • <$500k nonprofits • Source year 2019

Net Margin

45th percentile

4.2%

Higher net margin than 45% of similar nonprofits.

2019 filings • 501(c)12 • <$500k nonprofits • Source year 2019

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)12 • <$500k nonprofits • Source year 2019

Asset Growth

68th percentile

6.9%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)12 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

18%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • 501(c)12 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$263,272

Up $16,947 (+6.9%) from 2018

Net Assets

Up

$232,549

Up $13,102 (+6.0%) from 2018

Liabilities

Up

$30,723

Up $3,845 (+14%) from 2018

Revenue

Up

$314,837

Up $47,239 (+18%) from 2018

Expenses

Up

$301,735

Up $29,818 (+11%) from 2018

Net Income

Up

$13,102

Up $17,421 (+403%) from 2018

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

2019

Assets$263,272
Liabilities$30,723
Net Assets$232,549

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

2019

Revenue$314,837
Expenses$301,735
Net Income$13,102
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 19, 2019
Return Version
2018v3.1
Gross Receipts
$314,837
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$138,890$139,268▲ $378
Cash and Non-Interest-Bearing Accounts$70,857$80,563▲ $9,706
Accounts Receivable$24,368$22,710▼ $1,658
Other Notes and Loans Receivable, Net-$8,508-
Savings and Temporary Cash Investments$6,460$6,473▲ $13
Inventories for Sale or Use$5,750$5,750→ $0
Total Assets$246,325$263,272▲ $16,947
Liabilities
Other Liabilities$22,800$21,809▼ $991
Accounts Payable and Accrued Expenses$4,078$8,914▲ $4,836
Total Liabilities$26,878$30,723▲ $3,845
Net Assets / Fund Balance
Unrestricted Net Assets$169,447$182,549▲ $13,102
Permanently Rstr Net Assets$50,000$50,000→ $0
Total Net Assets Fund Balance$219,447$232,549▲ $13,102
Total Liabilities and Net Assets / Fund Balance$246,325$263,272▲ $16,947

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$72,196$336,502$408,698
Buildings$24,297$32,670$56,967
Land$42,775-$42,775
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$282,960
Investment Income
$0
Other Revenue
$31,877
Change in Net Assets
$13,102
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$164,532
Salaries, Compensation, and Employee Benefits$137,203
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$115,545--$115,545
Other Salaries and Wages$99,370--$99,370
Current Officers, Directors, Trustees, and Key Employees$26,099--$26,099
Payroll Taxes$11,734--$11,734
Depreciation Depletion$10,942--$10,942
Insurance$9,967--$9,967
Fees for Services Accounting$4,100--$4,100
Office Expenses$2,765--$2,765
Other Expenses$514--$514
Advertising$348--$348
Total Functional Expenses$301,735$0$0$301,735
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$21,809
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
2019-07-19
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

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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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/TotalAmt0301735
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IRS990/TotalLiabilitiesEOYAmt030723
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IRS990/TotalLiabilitiesGrp/EOYAmt030723
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0232549
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0301735
IRS990/TotalProgramServiceRevenueAmt0282960
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0314837
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0314837
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0246325
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0263272
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0169447
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0182549
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0HWY 401 BUS
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IRS990/VotingMembersGoverningBodyCnt07
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CLEO MCPHATTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09108754972
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-19
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
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C81480DCD4B3F01CAEBF9D356B420CDB0E5620B4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C81480DCD4B3F01CAEBF9D356B420CDB0E5620B4
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId05602432019267cjf0loo
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-09-24
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.217.38.158
ReturnHeader/FilingSecurityInformation/IPDt02019-09-24
ReturnHeader/FilingSecurityInformation/IPTm011:21:17
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/PreparationDt02019-09-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES F BAKER CPA
ReturnHeader/ReturnTs02019-09-23T16:08:43-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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