Civic Intelligence

Midway Water Systeminc

990 • Fiscal year 2022 • EIN 59-1532752

Oct 01, 2021 to Sep 30, 2022 • Filed on Feb 09, 2024

Organization ProfileMIDWAYWATER.COM

View Organization Page

4971 Gulf Breeze ParkwayGulf Breeze, FL 32561

(850) 932-5188

Siviq Scores

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

Liabilities / Assets

20th percentile

0.09x

Higher debt load relative to assets than 20% of similar nonprofits.

2022 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

20th percentile

0.43x

Higher debt load relative to revenue than 20% of similar nonprofits.

2022 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2022

Net Margin

77th percentile

23%

Higher net margin than 77% of similar nonprofits.

2022 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

28th percentile

$0

Higher top officer pay than 28% of similar nonprofits.

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

2022 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2022

Asset Growth

60th percentile

4.4%

Faster asset growth than 60% of similar nonprofits.

2022 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

17th percentile

-3.7%

Faster revenue growth than 17% of similar nonprofits.

2022 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets20th percentile

Assets

Flat

$19,707,568

Flat from 2022

Net Assets

Flat

$17,906,198

Flat from 2022

Liabilities

Flat

$1,801,370

Flat from 2022

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin77th percentile

Revenue

Flat

$4,197,002

Flat from 2022

Expenses

Flat

$3,227,370

Flat from 2022

Net Income

Flat

$969,632

Flat from 2022

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$30M$20M$10M$0Assets 2011: $14,009,950Liabilities 2011: $4,369,363Net Assets 2011: $9,640,5872011Assets 2012: $12,600,616Liabilities 2012: $4,021,794Net Assets 2012: $8,578,8222012Assets 2013: $12,965,050Liabilities 2013: $3,856,232Net Assets 2013: $9,108,8182013Assets 2014: $13,026,804Liabilities 2014: $3,464,570Net Assets 2014: $9,562,2342014Assets 2015: $13,109,869Liabilities 2015: $3,178,231Net Assets 2015: $9,931,6382015Assets 2016: $13,397,464Liabilities 2016: $2,845,111Net Assets 2016: $10,552,3532016Assets 2017: $13,503,459Liabilities 2017: $2,524,791Net Assets 2017: $10,978,6682017Assets 2018: $13,975,129Liabilities 2018: $2,196,048Net Assets 2018: $11,779,0812018Assets 2019: $14,877,971Liabilities 2019: $2,053,387Net Assets 2019: $12,824,5842019Assets 2020: $16,714,962Liabilities 2020: $1,876,877Net Assets 2020: $14,838,0852020Assets 2021: $18,868,842Liabilities 2021: $1,737,569Net Assets 2021: $17,131,2732021Assets 2022: $19,707,568Liabilities 2022: $1,801,370Net Assets 2022: $17,906,1982022Assets 2022: $19,707,568Liabilities 2022: $1,801,370Net Assets 2022: $17,906,1982022Assets 2023: $20,763,033Liabilities 2023: $1,457,557Net Assets 2023: $19,305,4762023

Highlighted filing

2022

Assets$19,707,568
Liabilities$1,801,370
Net Assets$17,906,198
Open 2022 Filing

Operations Trend

Revenue Growth17th percentile

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

$6.0M$4.0M$2.0M$0Expenses 2011: $1,921,5582011Expenses 2012: $1,939,9782012Expenses 2013: $2,069,3772013Revenue 2014: $2,722,429Expenses 2014: $2,227,103Net Income 2014: $495,3262014Revenue 2015: $2,836,065Expenses 2015: $2,366,626Net Income 2015: $469,4392015Revenue 2016: $2,830,741Expenses 2016: $2,466,186Net Income 2016: $364,5552016Revenue 2017: $2,997,006Expenses 2017: $2,743,186Net Income 2017: $253,8202017Revenue 2018: $3,242,123Expenses 2018: $2,632,972Net Income 2018: $609,1512018Revenue 2019: $3,402,770Expenses 2019: $2,642,251Net Income 2019: $760,5192019Revenue 2020: $4,124,762Expenses 2020: $2,883,721Net Income 2020: $1,241,0412020Revenue 2021: $4,356,576Expenses 2021: $2,962,779Net Income 2021: $1,393,7972021Revenue 2022: $4,197,002Expenses 2022: $3,227,370Net Income 2022: $969,6322022Revenue 2022: $4,197,002Expenses 2022: $3,227,370Net Income 2022: $969,6322022Revenue 2023: $4,515,431Expenses 2023: $3,251,935Net Income 2023: $1,263,4962023

Highlighted filing

2022

Revenue$4,197,002
Expenses$3,227,370
Net Income$969,632
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Feb 9, 2024
Return Version
2021v4.0
Gross Receipts
$4,197,002
Mission and Program Overview

Mission

To operate and maintain the local community's water service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$17,024,903$17,798,523▲ $773,620
Land, Buildings, and Equipment, Net$9,200,732$10,808,787▲ $1,608,055
Savings and Temporary Cash Investments$5,771,711$5,878,964▲ $107,253
Investments in Publicly Traded Securities$2,098,456$1,744,715▼ $353,741
Accounts Receivable$305,664$343,769▲ $38,105
Inventories for Sale or Use$129,994$211,202▲ $81,208
Cap Stk Tr Prin Current Funds$106,370$107,675▲ $1,305
Prepaid Expenses and Deferred Charges$65,026$82,566▲ $17,540
Other Notes and Loans Receivable, Net$71,414$1,458▼ $69,956
Total Assets$18,868,842$19,707,568▲ $838,726
Other Assets Total$1,225,845$636,107▼ $589,738
Liabilities
Other Liabilities$1,633,372$1,476,008▼ $157,364
Accounts Payable and Accrued Expenses$77,653$298,041▲ $220,388
Deferred Revenue$26,544$27,321▲ $777
Total Liabilities$1,737,569$1,801,370▲ $63,801
Net Assets / Fund Balance
Total Net Assets Fund Balance$17,131,273$17,906,198▲ $774,925
Total Liabilities and Net Assets / Fund Balance$18,868,842$19,707,568▲ $838,726

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,496,191$9,381,266$15,877,457
Other Land Buildings$2,155,451-$2,155,451
Buildings$1,963,818-$1,963,818
Land$193,327-$193,327
Compensation and Service Providers
Top Officer Pay28th percentile

Board Members and Trustees

NameTitle
John GrantPresident
Angel JacksonDirector
Dana TimmonsDirector
Patty OverlyDirector
Bill LeeSecretary
Paul WomackTreasurer
Al Garza JrVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,109,935
Investment Income
$87,067
Other Revenue
$0
Change in Net Assets
$969,632

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,197,002
Total Revenue per Audited Statements
$4,197,002
Total Revenue per Form 990
$4,197,002
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,973,570
Salaries, Compensation, and Employee Benefits$1,253,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$1,525,284
Other Salaries and Wages---$848,544
Other Employee Benefits---$322,397
Depreciation Depletion---$216,015
Insurance---$111,539
Payroll Taxes---$57,675
Travel---$44,187
Interest---$31,194
Fees for Services Accounting---$27,310
Pension Plan Contributions---$25,184
Office Expenses---$18,041
Total Functional Expenses$0$0$0$3,227,370

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,227,370
Total Expenses per Audited Statements$3,227,370
Total Expenses per Form 990$3,227,370
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
Florida State Revolving Fund$1,063,918
Member Deposits$376,760
Other Current Liabilities$35,330
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“Members elect board of directors annually”

Form 990, Page 6, Part VI, Line 11B

“Accountant reviews with general manager, office manager, and treasurer. Treasurer presents to board.”

Form 990, Page 6, Part VI, Line 12C

“Board reviews all actual and potential conflicts. Board approval needed for any transaction that may be a conflict.”

Form 990, Page 6, Part VI, Line 15A

“Board reviews and approves salary for general manager.”

Form 990, Page 6, Part VI, Line 15B

“General manager recommends pay rates for all other employees. Those recommendations subject to board approval.”

Form 990, Page 6, Part VI, Line 19

“Available at midway office upon request”

Filing and Contact Details

Filer

Filer Name
Midway Water Systeminc
EIN
59-1532752
Phone
8509325188
Address
4971 GULF BREEZE PARKWAY, GULF BREEZE, FL 32561
Doing Business As
Midway Water Systeminc

Signing Officer

Name
Brenda Agricola
Title
General Manager
Phone
8509325188
Signed
2024-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Grant
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
17

Preparer

Firm
Dan Spata Pa
Address
4286 WOODBINE RD STE D1, PACE, FL 32571-8696
Preparer
Dan Spata
Phone
8509959909
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Dues and subscriptions 7,661 0 0 fairpoint expenses 558,620 0 0 chemicals 19,743 0 0 postage 52,155 0 0 repairs and maintenance 472,955 0 0 engineering fees 12,790 0 0 utilities 124,155 0 0 water analysis 9,490 0 0 expendable tools 19,652 0 0 education 1,719 0 0 janitorial 1,615 0 0 telephone 7,814 0 0 water conservation program 2,691 0 0 miscellaneous expense 18,409 0 0 bank charges 18,918 0 0 cross contamination expenses 176,150 0 0 dep penalties 20,747 0 0 total 1,525,284 0 0”

Form 990, Part XI, Line 9

“Increase in membership fees 1,305 unrealized gains 0 increase in contributions in aid 208,689 net decrease contributions in aid of construction 0 unrealized loss 0 total 209,994”

Raw XML Appendix339 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/OtherLiabilitiesOrgGrp/Amt235330
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FLORIDA STATE REVOLVING FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MEMBER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER CURRENT LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt04197002
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010808787
IRS990ScheduleD/TotalExpensesPerForm990Amt03227370
IRS990ScheduleD/TotalLiabilityAmt01476008
IRS990ScheduleD/TotalRevenuePerForm990Amt04197002
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04197002
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03227370
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS ELECT BOARD OF DIRECTORS ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTANT REVIEWS WITH GENERAL MANAGER, OFFICE MANAGER, AND TREASURER. TREASURER PRESENTS TO BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD REVIEWS ALL ACTUAL AND POTENTIAL CONFLICTS. BOARD APPROVAL NEEDED FOR ANY TRANSACTION THAT MAY BE A CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD REVIEWS AND APPROVES SALARY FOR GENERAL MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GENERAL MANAGER RECOMMENDS PAY RATES FOR ALL OTHER EMPLOYEES. THOSE RECOMMENDATIONS SUBJECT TO BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE AT MIDWAY OFFICE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DUES AND SUBSCRIPTIONS 7,661 0 0 FAIRPOINT EXPENSES 558,620 0 0 CHEMICALS 19,743 0 0 POSTAGE 52,155 0 0 REPAIRS AND MAINTENANCE 472,955 0 0 ENGINEERING FEES 12,790 0 0 UTILITIES 124,155 0 0 WATER ANALYSIS 9,490 0 0 EXPENDABLE TOOLS 19,652 0 0 EDUCATION 1,719 0 0 JANITORIAL 1,615 0 0 TELEPHONE 7,814 0 0 WATER CONSERVATION PROGRAM 2,691 0 0 MISCELLANEOUS EXPENSE 18,409 0 0 BANK CHARGES 18,918 0 0 CROSS CONTAMINATION EXPENSES 176,150 0 0 DEP PENALTIES 20,747 0 0 TOTAL 1,525,284 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7INCREASE IN MEMBERSHIP FEES 1,305 UNREALIZED GAINS 0 INCREASE IN CONTRIBUTIONS IN AID 208,689 NET DECREASE CONTRIBUTIONS IN AID OF CONSTRUCTION 0 UNREALIZED LOSS 0 TOTAL 209,994
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt018868842
IRS990/TotalAssetsEOYAmt019707568
IRS990/TotalAssetsGrp/BOYAmt018868842
IRS990/TotalAssetsGrp/EOYAmt019707568
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03227370
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01737569
IRS990/TotalLiabilitiesEOYAmt01801370
IRS990/TotalLiabilitiesGrp/BOYAmt01737569
IRS990/TotalLiabilitiesGrp/EOYAmt01801370
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017131273
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017906198
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt021206
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt021206
IRS990/TotalProgramServiceRevenueAmt04109935
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04197002
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04197002
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018868842
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt019707568
IRS990/TravelGrp/TotalAmt044187
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0MIDWAYWATER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENDA AGRICOLA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum08509325188
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIDWAY WATER SYSTEMINC
ReturnHeader/Filer/BusinessNameControlTxt0MIDW
ReturnHeader/Filer/EIN0591532752
ReturnHeader/Filer/PhoneNum08509325188
ReturnHeader/Filer/USAddress/AddressLine1Txt04971 GULF BREEZE PARKWAY
ReturnHeader/Filer/USAddress/CityNm0GULF BREEZE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032561
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593098304
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAN SPATA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04286 WOODBINE RD STE D1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PACE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0325718696
ReturnHeader/PreparerPersonGrp/PhoneNum08509959909
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAN SPATA
ReturnHeader/ReturnTs02024-02-09T15:50:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRENDA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0AGRICOLA
ReturnHeader/TaxPeriodBeginDt02021-10-01
ReturnHeader/TaxPeriodEndDt02022-09-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,707,568
Liabilities
$1,801,370
Net assets
$17,906,198
Revenue
$4,197,002
Expenses
$3,227,370
Net income
$969,632
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$20.8$1.46$19.3$4.52$3.25$1.26
2022Detailed filing. Detailed filing data is available for this year.$19.7$1.80$17.9$4.20$3.23$0.97
2022Summary only. Only limited summary data is available for this year.$19.7$1.80$17.9$4.20$3.23$0.97
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.9$1.74$17.1$4.36$2.96$1.39
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.7$1.88$14.8$4.12$2.88$1.24
2019Summary only. Only limited summary data is available for this year.$14.9$2.05$12.8$3.40$2.64$0.76
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$2.20$11.8$3.24$2.63$0.61
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.5$2.52$11.0$3.00$2.74$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.4$2.85$10.6$2.83$2.47$0.36
2015Detailed filing. Detailed filing data is available for this year.$13.1$3.18$9.93$2.84$2.37$0.47
2014Detailed filing. Detailed filing data is available for this year.$13.0$3.46$9.56$2.72$2.23$0.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$3.86$9.11$2.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$4.02$8.58$1.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$4.37$9.64$1.92