Civic Intelligence

Auburn Water System Inc

990 • Fiscal year 2024 • EIN 59-1368568

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 15, 2025

Organization ProfileN/A

View Organization Page

3097 Locke LaneCrestview, FL 32536

(850) 682-3413

Siviq Scores

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

Liabilities / Assets

10th percentile

0.07x

Higher debt load relative to assets than 10% of similar nonprofits.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

12th percentile

0.24x

Higher debt load relative to revenue than 12% of similar nonprofits.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2024

Net Margin

90th percentile

32%

Higher net margin than 90% of similar nonprofits.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

28th percentile

$146,844

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2024

Asset Growth

82nd percentile

9.7%

Faster asset growth than 82% of similar nonprofits.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

7.7%

Faster revenue growth than 69% of similar nonprofits.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$27,717,987

Up $2,457,181 (+9.7%) from 2023

Net Assets

Up

$25,895,870

Up $2,435,616 (+10%) from 2023

Liabilities

Up

$1,822,117

Up $21,565 (+1.2%) from 2023

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin90th percentile

Revenue

Up

$7,610,981

Up $541,002 (+7.7%) from 2023

Expenses

Up

$5,175,365

Up $707,322 (+16%) from 2023

Net Income

Down

$2,435,616

Down $166,320 (-6.4%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$40M$30M$20M$10M$0Assets 2011: $16,757,133Liabilities 2011: $6,458,953Net Assets 2011: $10,298,1802011Assets 2012: $17,318,457Liabilities 2012: $5,965,717Net Assets 2012: $11,352,7402012Assets 2013: $17,427,350Liabilities 2013: $5,580,139Net Assets 2013: $11,847,2112013Assets 2014: $17,804,337Liabilities 2014: $5,696,682Net Assets 2014: $12,107,6552014Assets 2015: $18,271,657Liabilities 2015: $5,569,417Net Assets 2015: $12,702,2402015Assets 2016: $18,174,543Liabilities 2016: $4,912,402Net Assets 2016: $13,262,1412016Assets 2017: $18,110,975Liabilities 2017: $4,111,781Net Assets 2017: $13,999,1942017Assets 2018: $18,028,494Liabilities 2018: $3,422,541Net Assets 2018: $14,605,9532018Assets 2019: $18,648,013Liabilities 2019: $3,394,813Net Assets 2019: $15,253,2002019Assets 2020: $18,989,100Liabilities 2020: $2,114,549Net Assets 2020: $16,874,5512020Assets 2021: $20,028,267Liabilities 2021: $1,232,552Net Assets 2021: $18,795,7152021Assets 2022: $22,363,702Liabilities 2022: $1,409,346Net Assets 2022: $20,954,3562022Assets 2023: $25,260,806Liabilities 2023: $1,800,552Net Assets 2023: $23,460,2542023Assets 2024: $27,717,987Liabilities 2024: $1,822,117Net Assets 2024: $25,895,8702024Assets 2025: $31,469,645Liabilities 2025: $2,346,259Net Assets 2025: $29,123,3862025

Highlighted filing

2024

Assets$27,717,987
Liabilities$1,822,117
Net Assets$25,895,870
Open 2024 Filing

Operations Trend

Revenue Growth69th percentile

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

$10M$5.0M$0Expenses 2011: $2,537,5542011Expenses 2012: $2,490,2942012Expenses 2013: $2,605,5532013Revenue 2014: $3,050,364Expenses 2014: $2,722,818Net Income 2014: $327,5462014Revenue 2015: $3,427,025Expenses 2015: $2,763,484Net Income 2015: $663,5412015Revenue 2016: $3,432,220Expenses 2016: $2,803,360Net Income 2016: $628,8602016Revenue 2017: $3,744,955Expenses 2017: $2,929,571Net Income 2017: $815,3842017Revenue 2018: $3,788,003Expenses 2018: $3,102,910Net Income 2018: $685,0932018Revenue 2019: $3,910,607Expenses 2019: $3,185,028Net Income 2019: $725,5792019Revenue 2020: $4,821,278Expenses 2020: $3,381,174Net Income 2020: $1,440,1042020Revenue 2021: $5,466,387Expenses 2021: $3,461,580Net Income 2021: $2,004,8072021Revenue 2022: $6,295,559Expenses 2022: $3,866,921Net Income 2022: $2,428,6382022Revenue 2023: $7,069,979Expenses 2023: $4,468,043Net Income 2023: $2,601,9362023Revenue 2024: $7,610,981Expenses 2024: $5,175,365Net Income 2024: $2,435,6162024Revenue 2025: $8,916,389Expenses 2025: $5,688,873Net Income 2025: $3,227,5162025

Highlighted filing

2024

Revenue$7,610,981
Expenses$5,175,365
Net Income$2,435,616
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 15, 2025
Return Version
2023v6.0
Gross Receipts
$7,610,981
Mission and Program Overview

Mission

To provide water utility services under retail and wholesale agreements to members in okaloosa county north of crestview, florida.

To provide an adequate supply of potable water to our customers at reasonable rates sufficient to cover the continuing operations and upgrades of the water system. To provide exemplary service to our customers. To treat employees and customers with integrigy, respect and courtesy. To comply with all regulatory rules and standards. To strive to make auburn water system the highest rated water system in florida.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$20,142,004$22,577,620▲ $2,435,616
Land, Buildings, and Equipment, Net$16,596,091$17,731,473▲ $1,135,382
Savings and Temporary Cash Investments$5,502,642$4,605,780▼ $896,862
Cash and Non-Interest-Bearing Accounts$1,624,125$3,498,053▲ $1,873,928
Pd in Cap Srpls Land Bldg Eqp Fund$3,318,250$3,318,250→ $0
Inventories for Sale or Use$850,697$1,015,307▲ $164,610
Accounts Receivable$667,196$843,902▲ $176,706
Prepaid Expenses and Deferred Charges$17,333$20,750▲ $3,417
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$25,260,806$27,717,987▲ $2,457,181
Other Assets Total$2,722$2,722→ $0
Liabilities
Deferred Revenue$836,320$753,429▼ $82,891
Other Liabilities$633,906$680,315▲ $46,409
Accounts Payable and Accrued Expenses$330,326$388,373▲ $58,047
Total Liabilities$1,800,552$1,822,117▲ $21,565
Net Assets / Fund Balance
Total Net Assets Fund Balance$23,460,254$25,895,870▲ $2,435,616
Total Liabilities and Net Assets / Fund Balance$25,260,806$27,717,987▲ $2,457,181

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,286,483$9,364,177$24,650,660
Buildings$1,251,780$1,148,666$2,400,446
Equipment$562,604$1,747,482$2,310,086
Land$534,540-$534,540
Leasehold Improvements$96,066$38,778$134,844
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael KapotsyGeneral ManagerFT$146,844$146,844
Richard LauxOperations & Maintenance MFT$109,503$109,503
Julie HooksFinance ManagerFT$106,140$106,140
Joe KearleyPresident-$12,722$12,722
Brenda SmithVice President-$8,558$8,558
Lucy SmithDirector-$8,558$8,558
Timothy BryantSecretary-$8,558$8,558
Darren MarshallDirector-$8,431$8,431
Mary RankinDirector-$8,285$8,285
Doug SimsDirector-$7,257$7,257

Board Members and Trustees

NameTitle
Steve H FowlerDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Gringer Drilling Services INCDrill New Well11000 US HIGHWAY 31, Spanish Fort, AL 36527$280,131
Revenue and Support

Revenue Composition

Contributions and Grants
$354,968
Program Service Revenue
$5,945,509
Investment Income
$200,185
Other Revenue
$1,110,319
All Other Contributions
$354,968
Change in Net Assets
$2,435,616

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,256,013
Revenue Not Reported on Financial Statements
$354,968
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$354,968
Total Revenue per Audited Statements
$7,256,013
Total Revenue per Form 990
$7,610,981
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,986,393
Other Expenses$2,188,972
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,613,538
Depreciation Depletion---$748,844
Other Employee Benefits---$682,691
Current Officers, Directors, Trustees, and Key Employees---$424,856
Office Expenses---$229,618
Occupancy---$214,568
Payroll Taxes---$168,855
Insurance---$133,782
Pension Plan Contributions---$96,453
Other Expenses---$52,121
All Other Expenses---$40,264
Fees for Services Other---$35,779
Information Technology---$34,865
Fees for Services Legal---$24,219
Fees for Services Accounting---$21,725
Travel---$7,147
Total Functional Expenses$0$0$0$5,175,365

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,175,365
Expenses per Audited Statements$5,065,042
Total Expenses per Audited Statements$5,065,042
Expenses Not Reported on Financial Statements$110,323
Other Expense Adjustments$110,323
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$680,315
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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

“Each person or entity that makes a deposit and pays monthly bill for water service shall be considered a member.”

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

“The board of directors shall be elected by a vote of a majority of the voting members.”

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

“Each member is entitled to vote upon each matter submitted at the meeting of the members.”

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

“Form 990 is reviewed by the board at the monthly meetings prior to filing.”

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

“Board members are required to complete the statement of financial interest prior to election. Conflicts of interest policies are addressed in the employee manual that is approved by the board.”

Form 990, Part VI, Section B, Line 15

“The salary structure is determined by comparing salaries to equivalent positions with other water systems within the county. All salaries are approved by the board when the budget is approved.”

Form 990, Part VI, Section C, Line 19

“The documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Auburn Water System Inc
EIN
59-1368568
Phone
8506823413
Address
3097 LOCKE LANE, CRESTVIEW, FL 32536

Signing Officer

Name
Brenda Smith
Title
Vice-president
Phone
8506851516
Signed
2025-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brenda Smith
Formed
1969
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
39
Volunteers
0

Preparer

Firm
Warren Averett LLC
Address
36474C EMERALD COAST PKWY SUITE, 3301, DESTIN, FL 32541
Preparer
Lori K Kelley CPA
Phone
8508370398
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Contributions from members and developers 354,968.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Cumulative effect of change in accounting principal 110,323.”

Raw XML AppendixShowing 400 of 449 raw XML fields

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/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8GENERAL MANAGER
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt016596091
IRS990/LandBldgEquipBasisNetGrp/EOYAmt017731473
IRS990/LandBldgEquipCostOrOtherBssAmt030030576
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt07167242
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE WATER UTILITY SERVICES UNDER RETAIL AND WHOLESALE AGREEMENTS TO MEMBERS IN OKALOOSA COUNTY NORTH OF CRESTVIEW, FLORIDA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt023460254
IRS990/NetAssetsOrFundBalancesEOYAmt025895870
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt02000
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02000
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0243554
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0243554
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0214568
IRS990/OfficeExpensesGrp/TotalAmt0229618
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02722
IRS990/OtherAssetsTotalGrp/EOYAmt02722
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0682691
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2VEHICLE EXPENSE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0364686
IRS990/OtherExpensesGrp/TotalAmt1225859
IRS990/OtherExpensesGrp/TotalAmt255495
IRS990/OtherExpensesGrp/TotalAmt352121
IRS990/OtherLiabilitiesGrp/BOYAmt0633906
IRS990/OtherLiabilitiesGrp/EOYAmt0680315
IRS990/OtherRevenueMiscGrp/BusinessCd0900001
IRS990/OtherRevenueMiscGrp/BusinessCd1900001
IRS990/OtherRevenueMiscGrp/BusinessCd2900001
IRS990/OtherRevenueMiscGrp/Desc0DEVELOPMENT REVIEW AND
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc2CONVENIENCE FEE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0677003
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1102640
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt287122
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0677003
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1102640
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt287122
IRS990/OtherRevenueTotalAmt0866765
IRS990/OtherSalariesAndWagesGrp/TotalAmt01613538
IRS990/OtherSourcesGrossIncomeAmt0443739
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0168855
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt03318250
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt03318250
IRS990/PensionPlanContributionsGrp/TotalAmt096453
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017333
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020750
IRS990/PrincipalOfficerNm0BRENDA SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900001
IRS990/ProgramServiceRevenueGrp/BusinessCd1900001
IRS990/ProgramServiceRevenueGrp/BusinessCd2900001
IRS990/ProgramServiceRevenueGrp/BusinessCd3900001
IRS990/ProgramServiceRevenueGrp/BusinessCd4900001
IRS990/ProgramServiceRevenueGrp/Desc0WATER SALES
IRS990/ProgramServiceRevenueGrp/Desc1TAP CONNECTION FEES
IRS990/ProgramServiceRevenueGrp/Desc2BACKFLOW PREVENTERS
IRS990/ProgramServiceRevenueGrp/Desc3RECONNECTION FEES/SERV
IRS990/ProgramServiceRevenueGrp/Desc4LATE CHARGES ON SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04877073
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1762473
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2135920
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt389477
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt479192
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04877073
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1762473
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2135920
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt389477
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt479192
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01047041
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0115998
IRS990/PYOtherExpensesAmt01823043
IRS990/PYOtherRevenueAmt0812970
IRS990/PYProgramServiceRevenueAmt05093970
IRS990/PYRevenuesLessExpensesAmt02601936
IRS990/PYSalariesCompEmpBnftPaidAmt02645000
IRS990/PYTotalExpensesAmt04468043
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07069979
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02435616
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0243554
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt020142004
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt022577620
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05502642
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04605780
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/BuildingsGrp/BookValueAmt01251780
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01148666
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02400446
IRS990ScheduleD/EquipmentGrp/BookValueAmt0562604
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01747482
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02310086
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0110323
IRS990ScheduleD/ExpensesSubtotalAmt05065042
IRS990ScheduleD/LandGrp/BookValueAmt0534540
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0534540
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt096066
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt038778
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0134844
IRS990ScheduleD/OtherExpensesNotIncludedAmt0110323
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015286483
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09364177
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt024650660
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0680315
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0354968
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0354968
IRS990ScheduleD/RevenueSubtotalAmt07256013
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CONTRIBUTIONS FROM MEMBERS AND DEVELOPERS 354,968.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPAL 110,323.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017731473
IRS990ScheduleD/TotalExpensesPerForm990Amt05175365
IRS990ScheduleD/TotalLiabilityAmt0680315
IRS990ScheduleD/TotalRevenuePerForm990Amt07610981
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07256013
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05065042
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH PERSON OR ENTITY THAT MAKES A DEPOSIT AND PAYS MONTHLY BILL FOR WATER SERVICE SHALL BE CONSIDERED A MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS SHALL BE ELECTED BY A VOTE OF A MAJORITY OF THE VOTING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER IS ENTITLED TO VOTE UPON EACH MATTER SUBMITTED AT THE MEETING OF THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE BOARD AT THE MONTHLY MEETINGS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS ARE REQUIRED TO COMPLETE THE STATEMENT OF FINANCIAL INTEREST PRIOR TO ELECTION. CONFLICTS OF INTEREST POLICIES ARE ADDRESSED IN THE EMPLOYEE MANUAL THAT IS APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SALARY STRUCTURE IS DETERMINED BY COMPARING SALARIES TO EQUIVALENT POSITIONS WITH OTHER WATER SYSTEMS WITHIN THE COUNTY. ALL SALARIES ARE APPROVED BY THE BOARD WHEN THE BUDGET IS APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
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 A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt025260806
IRS990/TotalAssetsEOYAmt027717987
IRS990/TotalAssetsGrp/BOYAmt025260806
IRS990/TotalAssetsGrp/EOYAmt027717987
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0354968
IRS990/TotalEmployeeCnt039
IRS990/TotalFunctionalExpensesGrp/TotalAmt05175365
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01800552
IRS990/TotalLiabilitiesEOYAmt01822117
IRS990/TotalLiabilitiesGrp/BOYAmt01800552
IRS990/TotalLiabilitiesGrp/EOYAmt01822117
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt023460254
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt025895870
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt01374
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01374
IRS990/TotalProgramServiceRevenueAmt05945509
IRS990/TotalReportableCompFromOrgAmt0424856

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,717,987
Liabilities
$1,822,117
Net assets
$25,895,870
Revenue
$7,610,981
Expenses
$5,175,365
Net income
$2,435,616
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$31.5$2.35$29.1$8.92$5.69$3.23
2024Detailed filing. Detailed filing data is available for this year.$27.7$1.82$25.9$7.61$5.18$2.44
2023Detailed filing. Detailed filing data is available for this year.$25.3$1.80$23.5$7.07$4.47$2.60
2022Detailed filing. Detailed filing data is available for this year.$22.4$1.41$21.0$6.30$3.87$2.43
2021Detailed filing. Detailed filing data is available for this year.$20.0$1.23$18.8$5.47$3.46$2.00
2020Detailed filing. Detailed filing data is available for this year.$19.0$2.11$16.9$4.82$3.38$1.44
2019Detailed filing. Detailed filing data is available for this year.$18.6$3.39$15.3$3.91$3.19$0.73
2018Detailed filing. Detailed filing data is available for this year.$18.0$3.42$14.6$3.79$3.10$0.69
2017Detailed filing. Detailed filing data is available for this year.$18.1$4.11$14.0$3.74$2.93$0.82
2016Detailed filing. Detailed filing data is available for this year.$18.2$4.91$13.3$3.43$2.80$0.63
2015Detailed filing. Detailed filing data is available for this year.$18.3$5.57$12.7$3.43$2.76$0.66
2014Detailed filing. Detailed filing data is available for this year.$17.8$5.70$12.1$3.05$2.72$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.4$5.58$11.8$2.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$5.97$11.4$2.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$6.46$10.3$2.54