Civic Intelligence

Peterson Water Systems Inc

990 • Fiscal year 2020 • EIN 63-0590089

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 05, 2021

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

52nd percentile

0.08x

Higher debt load relative to assets than 52% of similar nonprofits.

2020 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

49th percentile

0.16x

Higher debt load relative to revenue than 49% of similar nonprofits.

2020 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2020

Net Margin

22nd percentile

-9.9%

Higher net margin than 22% of similar nonprofits.

2020 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2020 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2020

Asset Growth

8th percentile

-8.7%

Faster asset growth than 8% of similar nonprofits.

2020 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

73rd percentile

9.5%

Faster revenue growth than 73% of similar nonprofits.

2020 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$895,288

Down $85,735 (-8.7%) from 2019

Net Assets

Down

$823,844

Down $45,448 (-5.2%) from 2019

Liabilities

Down

$71,444

Down $40,287 (-36%) from 2019

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin22nd percentile

Revenue

Up

$460,496

Up $40,024 (+9.5%) from 2019

Expenses

Up

$505,944

Up $69,605 (+16%) from 2019

Net Income

Down

-$45,448

Down $29,581 (-186%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth8th 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

2020

Assets$895,288
Liabilities$71,444
Net Assets$823,844
Open 2020 Filing

Operations Trend

Revenue Growth73rd 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

2020

Revenue$460,496
Expenses$505,944
Net Income-$45,448
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 5, 2021
Return Version
2020v4.0
Gross Receipts
$460,496
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$788,240$735,265▼ $52,975
Savings and Temporary Cash Investments$113,027$94,696▼ $18,331
Accounts Receivable$30,039$31,425▲ $1,386
Inventories for Sale or Use$23,535$18,511▼ $5,024
Cash and Non-Interest-Bearing Accounts$22,132$10,909▼ $11,223
Prepaid Expenses and Deferred Charges$4,050$4,482▲ $432
Total Assets$981,023$895,288▼ $85,735
Liabilities
Other Liabilities$48,546$54,419▲ $5,873
Mortgage Notes Payable Secured by Investment Property$45,000--
Accounts Payable and Accrued Expenses$18,185$17,025▼ $1,160
Total Liabilities$111,731$71,444▼ $40,287
Net Assets / Fund Balance
Net Assets With Donor Restrictions$869,292$823,844▼ $45,448
Total Net Assets Fund Balance$869,292$823,844▼ $45,448
Total Liabilities and Net Assets / Fund Balance$981,023$895,288▼ $85,735

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$603,553$964,502$1,568,055
Buildings$73,371$45,616$118,987
Land$52,000-$52,000
Equipment$6,341$33,444$39,785
Compensation and Service Providers
Top Officer Pay74th 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
$459,740
Investment Income
$756
Other Revenue
$0
Change in Net Assets
$-45,448

Audited Revenue Reconciliation

Revenue per Audited Statements
$460,496
Total Revenue per Audited Statements
$460,496
Total Revenue per Form 990
$460,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$397,011
Salaries, Compensation, and Employee Benefits$108,933
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$92,713--$92,713
Depreciation Depletion$59,485--$59,485
Occupancy$20,154--$20,154
Other Expenses$13,300--$13,300
Payroll Taxes$11,122--$11,122
Insurance$9,558--$9,558
Office Expenses$8,780--$8,780
Fees for Services Accounting$5,400--$5,400
Other Employee Benefits$5,098--$5,098
Total Functional Expenses$505,944$0$0$505,944

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$505,944
Total Expenses per Audited Statements$505,944
Total Expenses per Form 990$505,944
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$51,654
Payroll Withholdings Payable$2,765
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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

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
2021-03-05
Discuss with paid preparer
No

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 Suite 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/SignatureDt02021-03-05
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 Suite G
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Northport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035476
ReturnHeader/PreparerPersonGrp/PhoneNum02053455595
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Don Wallace
ReturnHeader/ReturnTs02021-03-05T12:24:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DENNIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SELLERS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$895,288
Liabilities
$71,444
Net assets
$823,844
Revenue
$460,496
Expenses
$505,944
Net income
-$45,448
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
2020Detailed filing. Detailed filing data is available for this year.$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
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