Civic Intelligence

Peterson Water Systems Inc

990 • Fiscal year 2016 • EIN 63-0590089

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 12, 2017

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

42nd percentile

0.22x

Higher debt load relative to assets than 42% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

36th percentile

0.57x

Higher debt load relative to revenue than 36% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

Asset Growth

46th percentile

-0.3%

Faster asset growth than 46% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

52nd percentile

2.8%

Faster revenue growth than 52% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Down

$1,072,516

Down $3,704 (-0.3%) from 2015

Net Assets

Up

$840,851

Up $41,807 (+5.2%) from 2015

Liabilities

Down

$231,665

Down $45,511 (-16%) from 2015

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin66th percentile

Revenue

Up

$406,445

Up $11,154 (+2.8%) from 2015

Expenses

Up

$364,638

Up $15,285 (+4.4%) from 2015

Net Income

Down

$41,807

Down $4,131 (-9.0%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2016

Assets$1,072,516
Liabilities$231,665
Net Assets$840,851
Open 2016 Filing

Operations Trend

Revenue Growth52nd 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

2016

Revenue$406,445
Expenses$364,638
Net Income$41,807
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 12, 2017
Return Version
2016v3.0
Gross Receipts
$406,445
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$881,176$834,331▼ $46,845
Savings and Temporary Cash Investments$104,766$124,639▲ $19,873
Cash and Non-Interest-Bearing Accounts$43,178$62,894▲ $19,716
Accounts Receivable$23,009$30,011▲ $7,002
Inventories for Sale or Use$20,866$17,387▼ $3,479
Prepaid Expenses and Deferred Charges$3,225$3,254▲ $29
Total Assets$1,076,220$1,072,516▼ $3,704
Liabilities
Mortgage Notes Payable Secured by Investment Property$210,000$170,000▼ $40,000
Other Liabilities$43,914$45,406▲ $1,492
Accounts Payable and Accrued Expenses$23,262$16,259▼ $7,003
Total Liabilities$277,176$231,665▼ $45,511
Net Assets / Fund Balance
Permanently Rstr Net Assets$671,174$664,331▼ $6,843
Unrestricted Net Assets$127,870$176,520▲ $48,650
Total Net Assets Fund Balance$799,044$840,851▲ $41,807
Total Liabilities and Net Assets / Fund Balance$1,076,220$1,072,516▼ $3,704

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$700,069$765,671$1,465,740
Buildings$76,267$32,320$108,587
Land$52,000-$52,000
Equipment$5,995$22,980$28,975
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
$406,408
Investment Income
$37
Other Revenue
$0
Change in Net Assets
$41,807

Audited Revenue Reconciliation

Revenue per Audited Statements
$406,445
Total Revenue per Audited Statements
$406,445
Total Revenue per Form 990
$406,445
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$303,180
Salaries, Compensation, and Employee Benefits$61,458
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$55,782--$55,782
Depreciation Depletion$52,105--$52,105
Other Expenses$21,579--$21,579
Occupancy$15,003--$15,003
Office Expenses$7,619--$7,619
Interest$6,913--$6,913
Insurance$6,854--$6,854
Payroll Taxes$5,676--$5,676
Fees for Services Accounting$5,000--$5,000
All Other Expenses$1,200--$1,200
Total Functional Expenses$364,638$0$0$364,638

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$364,638
Total Expenses per Audited Statements$364,638
Total Expenses per Form 990$364,638
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$42,888
Accrued Interest on Long Term Debt$2,518
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
2017-03-12
Discuss with paid preparer
Yes

Organization Details

Formed
1969
Legal Domicile
Al
Voting Board Members
3
Independent Board Members
3
Employees
5

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/SignatureDt02017-03-12
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0CE919B4649C306D052C8E182F7954B7BA2E5B82C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CE919B4649C306D052C8E182F7954B7BA2E5B82C
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06344942017073emm3scu
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-03-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt099.103.223.32
ReturnHeader/FilingSecurityInformation/IPDt02017-03-14
ReturnHeader/FilingSecurityInformation/IPTm014:47:56
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/PreparationDt02017-03-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Don Wallace
ReturnHeader/ReturnTs02017-03-12T10:31:44-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,072,516
Liabilities
$231,665
Net assets
$840,851
Revenue
$406,445
Expenses
$364,638
Net income
$41,807
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
2016Detailed filing. Detailed filing data is available for this year.$1.07$0.23$0.84$0.41$0.36$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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