Civic Intelligence

Peterson Water Systems Inc

990 • Fiscal year 2017 • EIN 63-0590089

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 10, 2018

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

40th percentile

0.18x

Higher debt load relative to assets than 40% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

35th percentile

0.48x

Higher debt load relative to revenue than 35% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Net Margin

62nd percentile

9.5%

Higher net margin than 62% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Asset Growth

55th percentile

0.5%

Faster asset growth than 55% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

50th percentile

2.0%

Faster revenue growth than 50% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$1,078,336

Up $5,820 (+0.5%) from 2016

Net Assets

Up

$880,115

Up $39,264 (+4.7%) from 2016

Liabilities

Down

$198,221

Down $33,444 (-14%) from 2016

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin62nd percentile

Revenue

Up

$414,471

Up $8,026 (+2.0%) from 2016

Expenses

Up

$375,207

Up $10,569 (+2.9%) from 2016

Net Income

Down

$39,264

Down $2,543 (-6.1%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth55th 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

2017

Assets$1,078,336
Liabilities$198,221
Net Assets$880,115
Open 2017 Filing

Operations Trend

Revenue Growth50th 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

2017

Revenue$414,471
Expenses$375,207
Net Income$39,264
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 10, 2018
Return Version
2017v2.2
Gross Receipts
$414,471
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$834,331$789,173▼ $45,158
Savings and Temporary Cash Investments$124,639$163,899▲ $39,260
Cash and Non-Interest-Bearing Accounts$62,894$65,272▲ $2,378
Accounts Receivable$30,011$36,071▲ $6,060
Inventories for Sale or Use$17,387$20,627▲ $3,240
Prepaid Expenses and Deferred Charges$3,254$3,294▲ $40
Total Assets$1,072,516$1,078,336▲ $5,820
Liabilities
Mortgage Notes Payable Secured by Investment Property$170,000$130,000▼ $40,000
Other Liabilities$45,406$46,468▲ $1,062
Accounts Payable and Accrued Expenses$16,259$21,753▲ $5,494
Total Liabilities$231,665$198,221▼ $33,444
Net Assets / Fund Balance
Permanently Rstr Net Assets$664,331$659,173▼ $5,158
Unrestricted Net Assets$176,520$220,942▲ $44,422
Total Net Assets Fund Balance$840,851$880,115▲ $39,264
Total Liabilities and Net Assets / Fund Balance$1,072,516$1,078,336▲ $5,820

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$653,343$812,397$1,465,740
Buildings$79,447$35,513$114,960
Land$52,000-$52,000
Equipment$4,383$24,592$28,975
Compensation and Service Providers
Top Officer Pay61st 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
$414,446
Investment Income
$25
Other Revenue
$0
Change in Net Assets
$39,264

Audited Revenue Reconciliation

Revenue per Audited Statements
$414,471
Total Revenue per Audited Statements
$414,471
Total Revenue per Form 990
$414,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$308,873
Salaries, Compensation, and Employee Benefits$66,334
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$61,168--$61,168
Depreciation Depletion$51,531--$51,531
Occupancy$14,918--$14,918
Other Expenses$12,226--$12,226
Insurance$7,084--$7,084
Interest$5,974--$5,974
Office Expenses$5,967--$5,967
Payroll Taxes$5,166--$5,166
Fees for Services Accounting$5,000--$5,000
All Other Expenses$1,801--$1,801
Total Functional Expenses$375,207$0$0$375,207

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$375,207
Total Expenses per Audited Statements$375,207
Total Expenses per Form 990$375,207
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$43,901
Accrued Interest on Long Term Debt$2,567
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
2018-03-10
Discuss with paid preparer
Yes

Organization Details

Formed
1969
Legal Domicile
Al
Voting Board Members
3
Independent Board Members
3
Employees
4

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/SignatureDt02018-03-10
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/FederalOriginalSubmissionId063449420180720r1hfgk
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-03-13
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt099.103.223.32
ReturnHeader/FilingSecurityInformation/IPDt02018-03-13
ReturnHeader/FilingSecurityInformation/IPTm014:46:27
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/PreparationDt02018-03-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Don Wallace
ReturnHeader/ReturnTs02018-03-10T14:36:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,078,336
Liabilities
$198,221
Net assets
$880,115
Revenue
$414,471
Expenses
$375,207
Net income
$39,264
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
2017Detailed filing. Detailed filing data is available for this year.$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
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