Civic Intelligence

Peterson Water Systems Inc

990 • Fiscal year 2015 • EIN 63-0590089

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 26, 2016

Organization Profile
P O Box 58Peterson, AL 35478

(205) 556-7785

Siviq Scores

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

Liabilities / Assets

47th percentile

0.26x

Higher debt load relative to assets than 47% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

38th percentile

0.70x

Higher debt load relative to revenue than 38% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Net Margin

68th percentile

12%

Higher net margin than 68% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

62nd percentile

$0

Higher top officer pay than 62% of similar nonprofits.

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

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Asset Growth

64th percentile

1.6%

Faster asset growth than 64% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

48th percentile

1.7%

Faster revenue growth than 48% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$1,076,220

Up $16,477 (+1.6%) from 2014

Net Assets

Up

$799,044

Up $45,938 (+6.1%) from 2014

Liabilities

Down

$277,176

Down $29,461 (-9.6%) from 2014

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin68th percentile

Revenue

Up

$395,291

Up $6,451 (+1.7%) from 2014

Expenses

Up

$349,353

Up $18 (+0.0%) from 2014

Net Income

Up

$45,938

Up $6,433 (+16%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $1,020,739Liabilities 2011: $404,418Net Assets 2011: $616,3212011Assets 2012: $1,014,844Liabilities 2012: $373,510Net Assets 2012: $641,3342012Assets 2013: $1,056,224Liabilities 2013: $342,623Net Assets 2013: $713,6012013Assets 2014: $1,059,743Liabilities 2014: $306,637Net Assets 2014: $753,1062014Assets 2015: $1,076,220Liabilities 2015: $277,176Net Assets 2015: $799,0442015Assets 2016: $1,072,516Liabilities 2016: $231,665Net Assets 2016: $840,8512016Assets 2017: $1,078,336Liabilities 2017: $198,221Net Assets 2017: $880,1152017Assets 2018: $1,045,780Liabilities 2018: $160,621Net Assets 2018: $885,1592018Assets 2019: $981,023Liabilities 2019: $111,731Net Assets 2019: $869,2922019Assets 2020: $895,288Liabilities 2020: $71,444Net Assets 2020: $823,8442020Assets 2021: $866,064Liabilities 2021: $81,327Net Assets 2021: $784,7372021Assets 2022: $851,752Liabilities 2022: $93,620Net Assets 2022: $758,1322022

Highlighted filing

2015

Assets$1,076,220
Liabilities$277,176
Net Assets$799,044
Open 2015 Filing

Operations Trend

Revenue Growth48th percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $334,3752011Expenses 2012: $313,9592012Revenue 2013: $384,533Expenses 2013: $312,266Net Income 2013: $72,2672013Revenue 2014: $388,840Expenses 2014: $349,335Net Income 2014: $39,5052014Revenue 2015: $395,291Expenses 2015: $349,353Net Income 2015: $45,9382015Revenue 2016: $406,445Expenses 2016: $364,638Net Income 2016: $41,8072016Revenue 2017: $414,471Expenses 2017: $375,207Net Income 2017: $39,2642017Revenue 2018: $401,843Expenses 2018: $396,799Net Income 2018: $5,0442018Revenue 2019: $420,472Expenses 2019: $436,339Net Income 2019: -$15,8672019Revenue 2020: $460,496Expenses 2020: $505,944Net Income 2020: -$45,4482020Revenue 2021: $472,922Expenses 2021: $512,029Net Income 2021: -$39,1072021Revenue 2022: $525,965Expenses 2022: $552,570Net Income 2022: -$26,6052022

Highlighted filing

2015

Revenue$395,291
Expenses$349,353
Net Income$45,938
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 26, 2016
Return Version
2015v2.1
Gross Receipts
$395,291
Mission and Program Overview

Mission

The system provides drinking water to over 600 residents and businesses. It is a community water system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$770,891$881,176▲ $110,285
Savings and Temporary Cash Investments$190,169$104,766▼ $85,403
Cash and Non-Interest-Bearing Accounts$51,851$43,178▼ $8,673
Accounts Receivable$25,609$23,009▼ $2,600
Inventories for Sale or Use$17,889$20,866▲ $2,977
Prepaid Expenses and Deferred Charges$3,334$3,225▼ $109
Total Assets$1,059,743$1,076,220▲ $16,477
Liabilities
Mortgage Notes Payable Secured by Investment Property$250,000$210,000▼ $40,000
Other Liabilities$41,176$43,914▲ $2,738
Accounts Payable and Accrued Expenses$15,461$23,262▲ $7,801
Total Liabilities$306,637$277,176▼ $29,461
Net Assets / Fund Balance
Permanently Rstr Net Assets$520,891$671,174▲ $150,283
Unrestricted Net Assets$232,215$127,870▼ $104,345
Total Net Assets Fund Balance$753,106$799,044▲ $45,938
Total Liabilities and Net Assets / Fund Balance$1,059,743$1,076,220▲ $16,477

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$746,795$718,945$1,465,740
Buildings$79,143$29,444$108,587
Land$52,000-$52,000
Equipment$3,238$20,476$23,714
Compensation and Service Providers
Top Officer Pay62nd percentile

Board Members and Trustees

NameTitle
Dennis SellersPresident
Edwin CookVice President
Paul CookDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$395,165
Investment Income
$126
Other Revenue
$0
Change in Net Assets
$45,938

Audited Revenue Reconciliation

Revenue per Audited Statements
$395,291
Total Revenue per Audited Statements
$395,291
Total Revenue per Form 990
$395,291
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$295,380
Salaries, Compensation, and Employee Benefits$53,973
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$51,095--$51,095
Other Salaries and Wages$49,952--$49,952
Occupancy$19,374--$19,374
Interest$8,492--$8,492
Insurance$7,001--$7,001
Office Expenses$6,674--$6,674
Fees for Services Accounting$5,100--$5,100
Other Expenses$4,651--$4,651
Payroll Taxes$4,021--$4,021
All Other Expenses$44--$44
Total Functional Expenses$349,353$0$0$349,353

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$349,353
Total Expenses per Audited Statements$349,353
Total Expenses per Form 990$349,353
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 Meter Deposits$40,804
Accrued Interest on Long Term Debt$3,110
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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

Member election for additional members Part VI line 7A

“Board members are elected by the customers of the water system at a yearly board meeting”

Form 990 governing body review Part VI line 11

“The board and financial secretary receive the annual 990 for review prior to the filing date”

Governing documents etc available to public Part VI line 19

“Documents are maintained at the water system office and are available for review by the members of the system by request”

Filing and Contact Details

Filer

Filer Name
Peterson Water Systems Inc
EIN
63-0590089
Address
P O BOX 58, PETERSON, AL 35478

Signing Officer

Name
Dennis Sellers
Title
President
Phone
2055567785
Signed
2016-03-26
Discuss with paid preparer
Yes

Organization Details

Formed
1969
Legal Domicile
Al
Voting Board Members
3
Independent Board Members
3
Employees
3

Preparer

Firm
Don Wallace CPA PC
Address
527 Main Avenue Ste G, Northport, AL 35476
Preparer
Don Wallace
Phone
2053455595
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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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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02055567785
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PETERSON WATER SYSTEMS INC
ReturnHeader/Filer/BusinessNameControlTxt0PETE
ReturnHeader/Filer/EIN0630590089
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 58
ReturnHeader/Filer/USAddress/CityNm0PETERSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035478
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203674495
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Don Wallace CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0527 Main Avenue Ste G
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Northport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035476
ReturnHeader/PreparerPersonGrp/PhoneNum02053455595
ReturnHeader/PreparerPersonGrp/PreparationDt02016-03-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Don Wallace
ReturnHeader/ReturnTs02016-03-26T09:21:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,076,220
Liabilities
$277,176
Net assets
$799,044
Revenue
$395,291
Expenses
$349,353
Net income
$45,938
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Summary only. Only limited summary data is available for this year.$0.85$0.09$0.76$0.53$0.55$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.08$0.78$0.47$0.51$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.07$0.82$0.46$0.51$0.05
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.11$0.87$0.42$0.44$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.16$0.89$0.40$0.40$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.20$0.88$0.41$0.38$0.04
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.23$0.84$0.41$0.36$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.08$0.28$0.80$0.40$0.35$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.06$0.31$0.75$0.39$0.35$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.06$0.34$0.71$0.38$0.31$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.37$0.64$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.40$0.62$0.33