Civic Intelligence

Spanish Fort Water System Inc

990 • Fiscal year 2019 • EIN 63-0519593

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 15, 2020

Organization ProfileWWW.SPANISHFORTWATER.COM

View Organization Page

PO Box 7048Spanish Fort, AL 36577

(251) 626-3067

Siviq Scores

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

Liabilities / Assets

77th percentile

0.56x

Higher debt load relative to assets than 77% of similar nonprofits.

2019 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

3.38x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2019

Net Margin

14th percentile

-0.7%

Higher net margin than 14% of similar nonprofits.

2019 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

25th percentile

$1,400

Higher top officer pay than 25% of similar nonprofits.

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

2019 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2019

Asset Growth

18th percentile

-1.4%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

85th percentile

11%

Faster revenue growth than 85% of similar nonprofits.

2019 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$13,442,941

Down $190,208 (-1.4%) from 2018

Net Assets

Down

$5,956,744

Down $15,580 (-0.3%) from 2018

Liabilities

Down

$7,486,197

Down $174,628 (-2.3%) from 2018

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin14th percentile

Revenue

Up

$2,212,633

Up $227,898 (+11%) from 2018

Expenses

Up

$2,228,213

Up $41,344 (+1.9%) from 2018

Net Income

Up

-$15,580

Up $186,554 (+92%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$15M$10M$5.0M$0Assets 2010: $7,249,165Liabilities 2010: $3,296,944Net Assets 2010: $3,952,2212010Assets 2011: $7,269,169Liabilities 2011: $3,082,487Net Assets 2011: $4,186,6822011Assets 2012: $8,001,383Liabilities 2012: $3,498,334Net Assets 2012: $4,503,0492012Assets 2013: $13,247,073Liabilities 2013: $7,143,583Net Assets 2013: $6,103,4902013Assets 2014: $13,098,410Liabilities 2014: $7,025,565Net Assets 2014: $6,072,8452014Assets 2015: $13,149,430Liabilities 2015: $7,079,210Net Assets 2015: $6,070,2202015Assets 2016: $13,248,248Liabilities 2016: $6,971,081Net Assets 2016: $6,277,1672016Assets 2017: $12,948,329Liabilities 2017: $6,773,871Net Assets 2017: $6,174,4582017Assets 2018: $13,633,149Liabilities 2018: $7,660,825Net Assets 2018: $5,972,3242018Assets 2019: $13,442,941Liabilities 2019: $7,486,197Net Assets 2019: $5,956,7442019Assets 2020: $13,945,312Liabilities 2020: $7,395,999Net Assets 2020: $6,549,3132020Assets 2021: $14,425,616Liabilities 2021: $7,322,091Net Assets 2021: $7,103,5252021Assets 2022: $12,435,062Liabilities 2022: $9,790,338Net Assets 2022: $2,644,7242022Assets 2023: $12,298,640Liabilities 2023: $9,609,863Net Assets 2023: $2,688,7772023Assets 2024: $11,653,759Liabilities 2024: $9,425,404Net Assets 2024: $2,228,3552024

Highlighted filing

2019

Assets$13,442,941
Liabilities$7,486,197
Net Assets$5,956,744
Open 2019 Filing

Operations Trend

Revenue Growth85th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,613,2922010Expenses 2011: $1,558,9682011Expenses 2012: $1,493,2502012Revenue 2013: $3,281,133Expenses 2013: $1,680,692Net Income 2013: $1,600,4412013Revenue 2014: $1,813,607Expenses 2014: $1,844,252Net Income 2014: -$30,6452014Revenue 2015: $1,978,105Expenses 2015: $1,980,730Net Income 2015: -$2,6252015Revenue 2016: $2,067,518Expenses 2016: $1,860,571Net Income 2016: $206,9472016Revenue 2017: $1,926,016Expenses 2017: $2,028,725Net Income 2017: -$102,7092017Revenue 2018: $1,984,735Expenses 2018: $2,186,869Net Income 2018: -$202,1342018Revenue 2019: $2,212,633Expenses 2019: $2,228,213Net Income 2019: -$15,5802019Revenue 2020: $3,183,584Expenses 2020: $2,784,157Net Income 2020: $399,4272020Revenue 2021: $3,206,001Expenses 2021: $2,651,789Net Income 2021: $554,2122021Revenue 2022: $3,057,885Expenses 2022: $7,516,686Net Income 2022: -$4,458,8012022Revenue 2023: $3,289,146Expenses 2023: $3,245,093Net Income 2023: $44,0532023Revenue 2024: $3,166,171Expenses 2024: $3,626,593Net Income 2024: -$460,4222024

Highlighted filing

2019

Revenue$2,212,633
Expenses$2,228,213
Net Income-$15,580
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 15, 2020
Return Version
2019v5.0
Gross Receipts
$2,212,633
Mission and Program Overview

Mission

To provide water service to the spanish fort area of baldwin county, alabama.

To provide water service to the spanish fort area of baldwin county, alabama

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,250,630$10,684,253▲ $433,623
Savings and Temporary Cash Investments$1,719,728$1,768,689▲ $48,961
Cash and Non-Interest-Bearing Accounts$1,303,861$759,014▼ $544,847
Accounts Receivable$183,176$197,796▲ $14,620
Prepaid Expenses and Deferred Charges$4,636$3,389▼ $1,247
Total Assets$13,633,149$13,442,941▼ $190,208
Other Assets Total$171,118$29,800▼ $141,318
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,197,965$7,047,505▼ $150,460
Other Liabilities$260,203$269,370▲ $9,167
Accounts Payable and Accrued Expenses$202,657$169,322▼ $33,335
Total Liabilities$7,660,825$7,486,197▼ $174,628
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,972,324$5,956,744▼ $15,580
Total Net Assets Fund Balance$5,972,324$5,956,744▼ $15,580
Total Liabilities and Net Assets / Fund Balance$13,633,149$13,442,941▼ $190,208

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,115,954$6,993,371$16,109,325
Buildings$1,313,764$46,393$1,360,157
Land$254,535-$254,535
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jimmy H AshcraftPresidentPT$1,400$1,400
Thomas TdannerVice-preside-$1,300$1,300
Doug MilesBoard Member-$1,100$1,100
Steven L Mcgough JrBoard Member-$1,100$1,100
Thomas N McphailBoard Member-$700$700
Patrick Robbins FlynnBoard Member-$400$400
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,190,645
Investment Income
$21,988
Other Revenue
$0
Change in Net Assets
$-15,580

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,212,633
Total Revenue per Audited Statements
$2,212,633
Total Revenue per Form 990
$2,212,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,692,918
Salaries, Compensation, and Employee Benefits$535,295
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$628,771
Other Salaries and Wages---$423,028
Fees for Services Legal---$227,619
Interest---$224,563
Other Employee Benefits---$69,993
All Other Expenses---$52,443
Fees for Services Accounting---$51,877
Insurance---$43,832
Office Expenses---$41,549
Information Technology---$39,226
Payroll Taxes---$30,996
Other Expenses---$12,865
Pension Plan Contributions---$11,278
Occupancy---$8,750
Total Functional Expenses$0$0$0$2,228,213

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,228,213
Total Expenses per Audited Statements$2,228,213
Total Expenses per Form 990$2,228,213
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
Meter Deposits$269,370
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
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, Page 6, Part VI, Line 7A

“Members of the water system elect board members at the annual meeting. Each board member serves a three year term.”

Form 990, Page 6, Part VI, Line 8B

“THERE ARE NO COMMITTEES”

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

“Individuals comprising the governing body reviewed form 990 along with the accountant who prepared the form.”

Form 990, Page 6, Part VI, Line 19

“Financial statements are made available to customers of the water system at the annual meeting. Financial statements are also available for review upon request”

Filing and Contact Details

Filer

Filer Name
Spanish Fort Water System Inc
EIN
63-0519593
Phone
2516263067
Address
PO BOX 7048, SPANISH FORT, AL 36577

Signing Officer

Name
Jimmy H Ashcraft
Title
President
Phone
2516263067
Signed
2020-03-15

Organization Details

Principal Officer
Jimmy H Ashcraft
Formed
1972
Legal Domicile
Al
Voting Board Members
5
Independent Board Members
0
Employees
9

Preparer

Firm
Johnson Slaughter Driver & Northcutt Pa
Address
PO BOX 489, FOLEY, AL 36536
Preparer
Carl E Johnson CPA
Phone
2519431565
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Owns and operates a water distribution system in the spanish fort area of”

Raw XML Appendix327 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OWNS AND OPERATES A WATER DISTRIBUTION SYSTEM IN THE SPANISH FORT AREA OF
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE WATER SYSTEM ELECT BOARD MEMBERS AT THE ANNUAL MEETING. EACH BOARD MEMBER SERVES A THREE YEAR TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INDIVIDUALS COMPRISING THE GOVERNING BODY REVIEWED FORM 990 ALONG WITH THE ACCOUNTANT WHO PREPARED THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FINANCIAL STATEMENTS ARE MADE AVAILABLE TO CUSTOMERS OF THE WATER SYSTEM AT THE ANNUAL MEETING. FINANCIAL STATEMENTS ARE ALSO AVAILABLE FOR REVIEW UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt013633149
IRS990/TotalAssetsEOYAmt013442941
IRS990/TotalAssetsGrp/BOYAmt013633149
IRS990/TotalAssetsGrp/EOYAmt013442941
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02228213
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07660825
IRS990/TotalLiabilitiesEOYAmt07486197
IRS990/TotalLiabilitiesGrp/BOYAmt07660825
IRS990/TotalLiabilitiesGrp/EOYAmt07486197
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05972324
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05956744
IRS990/TotalProgramServiceRevenueAmt02190645
IRS990/TotalReportableCompFromOrgAmt06000
IRS990/TotalRevenueGrp/ExclusionAmt021988
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02190645
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02212633
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013633149
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013442941
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 7048
IRS990/USAddress/CityNm0SPANISH FORT
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036577
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.SPANISHFORTWATER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JIMMY H ASHCRAFT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02516263067
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPANISH FORT WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0SPAN
ReturnHeader/Filer/EIN0630519593
ReturnHeader/Filer/PhoneNum02516263067
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 7048
ReturnHeader/Filer/USAddress/CityNm0SPANISH FORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd036577
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0132F9D38289C9A39BFA134D1F1B6D0EE7D0943A4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F26C224748DFA297029C951659F2568210B2DC5D
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.85.202.210
ReturnHeader/FilingSecurityInformation/IPDt02020-03-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:49:19
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0630588313
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHNSON SLAUGHTER DRIVER & NORTHCUTT PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 489
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FOLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd036536
ReturnHeader/PreparerPersonGrp/PhoneNum02519431565
ReturnHeader/PreparerPersonGrp/PreparationDt02020-03-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARL E JOHNSON CPA
ReturnHeader/ReturnTs02020-03-09T15:49:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,442,941
Liabilities
$7,486,197
Net assets
$5,956,744
Revenue
$2,212,633
Expenses
$2,228,213
Net income
-$15,580
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.7$9.43$2.23$3.17$3.63$0.46
2023Detailed filing. Detailed filing data is available for this year.$12.3$9.61$2.69$3.29$3.25$0.04
2022Detailed filing. Detailed filing data is available for this year.$12.4$9.79$2.64$3.06$7.52$4.46
2021Detailed filing. Detailed filing data is available for this year.$14.4$7.32$7.10$3.21$2.65$0.55
2020Detailed filing. Detailed filing data is available for this year.$13.9$7.40$6.55$3.18$2.78$0.40
2019Detailed filing. Detailed filing data is available for this year.$13.4$7.49$5.96$2.21$2.23$0.02
2018Detailed filing. Detailed filing data is available for this year.$13.6$7.66$5.97$1.98$2.19$0.20
2017Detailed filing. Detailed filing data is available for this year.$12.9$6.77$6.17$1.93$2.03$0.10
2016Detailed filing. Detailed filing data is available for this year.$13.2$6.97$6.28$2.07$1.86$0.21
2015Detailed filing. Detailed filing data is available for this year.$13.1$7.08$6.07$1.98$1.98$0.00
2014Detailed filing. Detailed filing data is available for this year.$13.1$7.03$6.07$1.81$1.84$0.03
2013Detailed filing. Detailed filing data is available for this year.$13.2$7.14$6.10$3.28$1.68$1.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.00$3.50$4.50$1.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.27$3.08$4.19$1.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.25$3.30$3.95$1.61