Civic Intelligence

Walls Water Association Inc

990 • Fiscal year 2021 • EIN 59-1400103

Jun 01, 2020 to May 31, 2021 • Filed on Oct 01, 2021

Organization ProfileN/A
6200 Goodman Road WestWalls, MS 38680

(662) 781-3722

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.15x

Higher debt load relative to assets than 32% of similar nonprofits.

2021 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

39th percentile

0.77x

Higher debt load relative to revenue than 39% of similar nonprofits.

2021 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2021

Net Margin

88th percentile

30%

Higher net margin than 88% of similar nonprofits.

2021 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

53rd percentile

$1,540

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2021 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2021

Asset Growth

75th percentile

6.3%

Faster asset growth than 75% of similar nonprofits.

2021 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

40%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$9,990,143

Up $589,133 (+6.3%) from 2020

Net Assets

Up

$8,448,054

Up $594,991 (+7.6%) from 2020

Liabilities

Down

$1,542,089

Down $5,858 (-0.4%) from 2020

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin88th percentile

Revenue

Up

$1,994,147

Up $569,273 (+40%) from 2020

Expenses

Down

$1,399,156

Down $86,109 (-5.8%) from 2020

Net Income

Up

$594,991

Up $655,382 (+1085%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$15M$10M$5.0M$0Assets 2011: $11,538,118Liabilities 2011: $4,294,342Net Assets 2011: $7,243,7762011Assets 2012: $10,634,642Liabilities 2012: $3,218,455Net Assets 2012: $7,416,1872012Assets 2013: $10,205,540Liabilities 2013: $2,717,553Net Assets 2013: $7,487,9872013Assets 2014: $9,933,918Liabilities 2014: $2,374,685Net Assets 2014: $7,559,2332014Assets 2015: $9,836,761Liabilities 2015: $2,352,960Net Assets 2015: $7,483,8012015Assets 2016: $9,741,790Liabilities 2016: $2,262,753Net Assets 2016: $7,479,0372016Assets 2017: $9,586,431Liabilities 2017: $2,049,096Net Assets 2017: $7,537,3352017Assets 2018: $9,553,787Liabilities 2018: $1,859,356Net Assets 2018: $7,694,4312018Assets 2019: $9,582,532Liabilities 2019: $1,669,078Net Assets 2019: $7,913,4542019Assets 2020: $9,401,010Liabilities 2020: $1,547,947Net Assets 2020: $7,853,0632020Assets 2021: $9,990,143Liabilities 2021: $1,542,089Net Assets 2021: $8,448,0542021Assets 2022: $10,627,565Liabilities 2022: $1,133,094Net Assets 2022: $9,494,4712022Assets 2023: $11,056,605Liabilities 2023: $1,262,095Net Assets 2023: $9,794,5102023Assets 2024: $12,659,595Liabilities 2024: $2,665,278Net Assets 2024: $9,994,3172024Assets 2025: $13,012,290Liabilities 2025: $2,691,689Net Assets 2025: $10,320,6012025

Highlighted filing

2021

Assets$9,990,143
Liabilities$1,542,089
Net Assets$8,448,054
Open 2021 Filing

Operations Trend

Revenue Growth95th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,294,1102011Revenue 2012: $1,312,445Expenses 2012: $1,225,501Net Income 2012: $86,9442012Revenue 2013: $1,308,406Expenses 2013: $1,236,606Net Income 2013: $71,8002013Revenue 2014: $1,303,963Expenses 2014: $1,232,717Net Income 2014: $71,2462014Revenue 2015: $1,297,533Expenses 2015: $1,293,654Net Income 2015: $3,8792015Revenue 2016: $1,358,436Expenses 2016: $1,363,200Net Income 2016: -$4,7642016Revenue 2017: $1,399,914Expenses 2017: $1,320,466Net Income 2017: $79,4482017Revenue 2018: $1,584,547Expenses 2018: $1,427,451Net Income 2018: $157,0962018Revenue 2019: $1,468,548Expenses 2019: $1,249,525Net Income 2019: $219,0232019Revenue 2020: $1,424,874Expenses 2020: $1,485,265Net Income 2020: -$60,3912020Revenue 2021: $1,994,147Expenses 2021: $1,399,156Net Income 2021: $594,9912021Revenue 2022: $2,436,422Expenses 2022: $1,390,005Net Income 2022: $1,046,4172022Revenue 2023: $2,170,805Expenses 2023: $1,870,766Net Income 2023: $300,0392023Revenue 2024: $2,362,924Expenses 2024: $2,163,117Net Income 2024: $199,8072024Revenue 2025: $2,567,942Expenses 2025: $2,241,658Net Income 2025: $326,2842025

Highlighted filing

2021

Revenue$1,994,147
Expenses$1,399,156
Net Income$594,991
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Oct 1, 2021
Return Version
2020v4.1
Gross Receipts
$2,000,430
Mission and Program Overview

Mission

To provide quality water services to its members and to expand and maintain the water system.

To provide water and sewer services to its members and to expand and maintain the system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,856,276$5,632,870▼ $223,406
Savings and Temporary Cash Investments$3,208,726$3,405,976▲ $197,250
Accounts Receivable$169,486$233,509▲ $64,023
Total Assets$9,401,010$9,990,143▲ $589,133
Other Assets Total$166,522$717,788▲ $551,266
Liabilities
Unsecured Notes Loans Payable$1,241,058$1,109,191▼ $131,867
Other Liabilities$187,858$191,501▲ $3,643
Deferred Revenue-$123,860-
Accounts Payable and Accrued Expenses$119,031$117,537▼ $1,494
Total Liabilities$1,547,947$1,542,089▼ $5,858
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,853,063$8,448,054▲ $594,991
Total Net Assets Fund Balance$7,853,063$8,448,054▲ $594,991
Total Liabilities and Net Assets / Fund Balance$9,401,010$9,990,143▲ $589,133

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,166,811$7,859,398$13,026,209
Buildings$209,867$380,782$590,649
Equipment$109,259$416,472$525,731
Land$146,933-$146,933
Other Assets Org$717,788--
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ronald JamesPresidentPT$1,540$1,540
Cindy ScottDirector-$780$780
Jan KnightTreasurer-$740$740
Lee MurphyVice-president-$720$720

Board Members and Trustees

NameTitle
Bruce PrewittDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,929,213
Investment Income
$64,934
Other Revenue
$0
Change in Net Assets
$594,991

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,994,147
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,994,147
Total Revenue per Form 990
$1,994,147
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,049,401
Salaries, Compensation, and Employee Benefits$349,755
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$482,189--$482,189
Other Salaries and Wages$250,317$69,181-$319,498
Insurance$58,150$3,061-$61,211
Office Expenses$2,507$52,187-$54,694
All Other Expenses$22,333$11,927-$34,260
Interest$29,335--$29,335
Payroll Taxes$19,045$5,389-$24,434
Fees for Services Accounting-$14,499-$14,499
Other Expenses$14,457--$14,457
Pension Plan Contributions$5,823--$5,823
Fees for Services Legal-$535-$535
Total Functional Expenses$1,242,377$156,779$0$1,399,156

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,399,156
Total Expenses per Audited Statements$1,399,156
Total Expenses per Form 990$1,399,156
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$191,501
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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, Section B, Line 11B

“The 990 is prepared based on the audited financial statements. The financial statements are reviewed by the board prior to completion of the 990. After the 990 has been prepared, management reviews the 990 and advises of any changes that should be made before it is filed.”

Form 990, Part VI, Section C, Line 19

“Copies of the association's "open to public inspection" portions of tax returns is maintained at www.guidestar.com. The association also makes available copies to anyone who appropriately request a copy.”

Filing and Contact Details

Filer

Filer Name
Walls Water Association Inc
EIN
59-1400103
Phone
6627813722
Address
6200 GOODMAN ROAD WEST, WALLS, MS 38680

Signing Officer

Name
Jan Knight
Title
Treasurer
Phone
6627813722
Signed
2021-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jan Knight
Formed
1965
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
10
Volunteers
0

Preparer

Firm
Frazee Ivy Davis Plc
Address
5100 POPLAR AVE STE 1400, MEMPHIS, TN 38137-1499
Preparer
Vance a Simmons CPA
Phone
9016851040
Raw XML Appendix364 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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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROCESS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05166811
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07859398
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013026209
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0191501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01994147
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05632870
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0717788
IRS990ScheduleD/TotalExpensesPerForm990Amt01399156
IRS990ScheduleD/TotalLiabilityAmt0191501
IRS990ScheduleD/TotalRevenuePerForm990Amt01994147
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01994147
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01399156
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BASED ON THE AUDITED FINANCIAL STATEMENTS. THE FINANCIAL STATEMENTS ARE REVIEWED BY THE BOARD PRIOR TO COMPLETION OF THE 990. AFTER THE 990 HAS BEEN PREPARED, MANAGEMENT REVIEWS THE 990 AND ADVISES OF ANY CHANGES THAT SHOULD BE MADE BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES OF THE ASSOCIATION'S "OPEN TO PUBLIC INSPECTION" PORTIONS OF TAX RETURNS IS MAINTAINED AT WWW.GUIDESTAR.COM. THE ASSOCIATION ALSO MAKES AVAILABLE COPIES TO ANYONE WHO APPROPRIATELY REQUEST A COPY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09401010
IRS990/TotalAssetsEOYAmt09990143
IRS990/TotalAssetsGrp/BOYAmt09401010
IRS990/TotalAssetsGrp/EOYAmt09990143
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0156779
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01242377
IRS990/TotalFunctionalExpensesGrp/TotalAmt01399156
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01547947
IRS990/TotalLiabilitiesEOYAmt01542089
IRS990/TotalLiabilitiesGrp/BOYAmt01547947
IRS990/TotalLiabilitiesGrp/EOYAmt01542089
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07853063
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08448054
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01242377
IRS990/TotalProgramServiceRevenueAmt01929213
IRS990/TotalReportableCompFromOrgAmt03780
IRS990/TotalRevenueGrp/ExclusionAmt064934
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01929213
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01994147
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09401010
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09990143
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01241058
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01109191
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06200 GOODMAN ROAD WEST
IRS990/USAddress/CityNm0WALLS
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038680
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAN KNIGHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06627813722
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WALLS WATER ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WALL
ReturnHeader/Filer/EIN0591400103
ReturnHeader/Filer/PhoneNum06627813722
ReturnHeader/Filer/USAddress/AddressLine1Txt06200 GOODMAN ROAD WEST
ReturnHeader/Filer/USAddress/CityNm0WALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038680
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205556145
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRAZEE IVY DAVIS PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05100 POPLAR AVE STE 1400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0381371499
ReturnHeader/PreparerPersonGrp/PhoneNum09016851040
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0VANCE A SIMMONS CPA
ReturnHeader/ReturnTs02021-10-01T14:18:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KNIGHT
ReturnHeader/TaxPeriodBeginDt02020-06-01
ReturnHeader/TaxPeriodEndDt02021-05-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,990,143
Liabilities
$1,542,089
Net assets
$8,448,054
Revenue
$1,994,147
Expenses
$1,399,156
Net income
$594,991
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$2.69$10.3$2.57$2.24$0.33
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.7$2.67$9.99$2.36$2.16$0.20
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$1.26$9.79$2.17$1.87$0.30
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$1.13$9.49$2.44$1.39$1.05
2021Detailed filing. Detailed filing data is available for this year.$9.99$1.54$8.45$1.99$1.40$0.59
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.40$1.55$7.85$1.42$1.49$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.58$1.67$7.91$1.47$1.25$0.22
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.55$1.86$7.69$1.58$1.43$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.59$2.05$7.54$1.40$1.32$0.08
2016Detailed filing. Detailed filing data is available for this year.$9.74$2.26$7.48$1.36$1.36$0.00
2015Detailed filing. Detailed filing data is available for this year.$9.84$2.35$7.48$1.30$1.29$0.00
2014Detailed filing. Detailed filing data is available for this year.$9.93$2.37$7.56$1.30$1.23$0.07
2013Summary only. Only limited summary data is available for this year.$10.2$2.72$7.49$1.31$1.24$0.07
2012Summary only. Only limited summary data is available for this year.$10.6$3.22$7.42$1.31$1.23$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$4.29$7.24$1.29