Civic Intelligence

Spanish Fort Water System Inc

990 • Fiscal year 2018 • EIN 63-0519593

Jan 01, 2018 to Dec 31, 2018 • Filed on Feb 26, 2019

Organization ProfileN/A

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

79th percentile

0.56x

Higher debt load relative to assets than 79% of similar nonprofits.

2018 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

85th percentile

3.86x

Higher debt load relative to revenue than 85% of similar nonprofits.

2018 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2018

Net Margin

6th percentile

-10%

Higher net margin than 6% of similar nonprofits.

2018 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

24th percentile

$1,600

Higher top officer pay than 24% of similar nonprofits.

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

2018 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2018

Asset Growth

73rd percentile

5.3%

Faster asset growth than 73% of similar nonprofits.

2018 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

50th percentile

3.0%

Faster revenue growth than 50% of similar nonprofits.

2018 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$13,633,149

Up $684,820 (+5.3%) from 2017

Net Assets

Down

$5,972,324

Down $202,134 (-3.3%) from 2017

Liabilities

Up

$7,660,825

Up $886,954 (+13%) from 2017

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin6th percentile

Revenue

Up

$1,984,735

Up $58,719 (+3.0%) from 2017

Expenses

Up

$2,186,869

Up $158,144 (+7.8%) from 2017

Net Income

Down

-$202,134

Down $99,425 (-97%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth73rd 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

2018

Assets$13,633,149
Liabilities$7,660,825
Net Assets$5,972,324
Open 2018 Filing

Operations Trend

Revenue Growth50th 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

2018

Revenue$1,984,735
Expenses$2,186,869
Net Income-$202,134
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Feb 26, 2019
Return Version
2018v3.1
Gross Receipts
$1,984,735
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$10,653,873$10,250,630▼ $403,243
Savings and Temporary Cash Investments$1,300,948$2,538,142▲ $1,237,194
Cash and Non-Interest-Bearing Accounts$429,994$294,900▼ $135,094
Accounts Receivable$308,543$183,176▼ $125,367
Total Assets$12,948,329$13,633,149▲ $684,820
Other Assets Total$254,971$366,301▲ $111,330
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,368,963$7,197,965▲ $829,002
Other Liabilities$248,480$260,203▲ $11,723
Accounts Payable and Accrued Expenses$156,428$202,657▲ $46,229
Total Liabilities$6,773,871$7,660,825▲ $886,954
Net Assets / Fund Balance
Unrestricted Net Assets$5,218,590$3,806,280▼ $1,412,310
Temporarily Rstr Net Assets$955,868$2,166,044▲ $1,210,176
Total Net Assets Fund Balance$6,174,458$5,972,324▼ $202,134
Total Liabilities and Net Assets / Fund Balance$12,948,329$13,633,149▲ $684,820

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$358,172$29,937-
Other Land Buildings$9,517,840$6,195,518-
Land$254,535--
Equipment$120,083$228,687-
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Thomas N McphailVice President-$1,600$1,600
Jimmy H AshcraftPresidentPT$1,500$1,500
Steven L Mcgough JrSecretary/treasurer-$1,300$1,300
Thomas TdannerBoard Member-$1,300$1,300
Doug MilesBoard Member-$900$900
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,974,441
Investment Income
$10,294
Other Revenue
$0
Change in Net Assets
$-202,134

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,984,735
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,984,735
Total Revenue per Form 990
$1,984,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,743,790
Salaries, Compensation, and Employee Benefits$443,079
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$609,464--$609,464
Other Salaries and Wages$401,611--$401,611
Interest$222,024--$222,024
Fees for Services Legal$171,186--$171,186
Insurance$123,571--$123,571
All Other Expenses$122,561--$122,561
Fees for Services Accounting$44,982--$44,982
Other Expenses$38,721--$38,721
Office Expenses$36,526--$36,526
Payroll Taxes$30,762--$30,762
Occupancy$15,125--$15,125
Pension Plan Contributions$10,706--$10,706
Total Functional Expenses$2,186,869$0$0$2,186,869

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,186,869
Total Expenses per Audited Statements$2,186,869
Total Expenses per Form 990$2,186,869
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
Meter Deposits$260,203
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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 A, Line 7A

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

Form 990, Part VI, Section A, Line 8B

“THERE ARE NO COMMITTEES.”

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

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

Form 990, Part VI, Section C, Line 19

“Financial statements are made available to customers of the water system at the annual meeting. Financial statements are also available 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 Ashcraft
Title
President
Phone
2516263067
Signed
2019-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jimmy Ashcraft
Formed
1972
Legal Domicile
Al
Voting Board Members
5
Independent Board Members
0
Employees
7
Volunteers
0

Preparer

Firm
Johnson Slaughter Driver & Northcutt Pa
Address
PO BOX 489, FOLEY, AL 36536-0489
Preparer
Carl E Johnson CPA
Phone
2519431565
Raw XML Appendix349 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/ExplanationTxt0MEMBERS OF THE WATER SYSTEM ELECT BOARD MEMBERS AT THE ANNUAL MEETING. EACH BOARD MEMBER SERVES A THREE YEAR TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INDIVIDUALS COMPRISING THE GOVERNING BODY REVIEWED FORM 990 ALONG WITH THE ACCOUNTANT WHO PREPARED THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL STATEMENTS ARE MADE AVAILABLE TO CUSTOMERS OF THE WATER SYSTEM AT THE ANNUAL MEETING. FINANCIAL STATEMENTS ARE ALSO AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0955868
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02166044
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt012948329
IRS990/TotalAssetsGrp/EOYAmt013633149
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02186869
IRS990/TotalFunctionalExpensesGrp/TotalAmt02186869
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06773871
IRS990/TotalLiabilitiesEOYAmt07660825
IRS990/TotalLiabilitiesGrp/BOYAmt06773871
IRS990/TotalLiabilitiesGrp/EOYAmt07660825
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06174458
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05972324
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IRS990/TotalProgramServiceExpensesAmt02186869
IRS990/TotalProgramServiceRevenueAmt01974441
IRS990/TotalReportableCompFromOrgAmt06600
IRS990/TotalRevenueGrp/ExclusionAmt010294
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01974441
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01984735
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012948329
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013633149
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/USAddress/CityNm0SPANISH FORT
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036577
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JIMMY ASHCRAFT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02516263067
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-26
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
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0ED7DCC108907F549F804DC5EDF69A7A1E303E9A2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0ED7DCC108907F549F804DC5EDF69A7A1E303E9A2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.85.202.210
ReturnHeader/FilingSecurityInformation/IPDt02019-02-27
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:46:49
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/ZIPCd0365360489
ReturnHeader/PreparerPersonGrp/PhoneNum02519431565
ReturnHeader/PreparerPersonGrp/PreparationDt02019-02-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARL E JOHNSON CPA
ReturnHeader/ReturnTs02019-03-05T17:04:37-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,633,149
Liabilities
$7,660,825
Net assets
$5,972,324
Revenue
$1,984,735
Expenses
$2,186,869
Net income
-$202,134
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