Civic Intelligence

Greenpond Water System Inc

990 • Fiscal year 2015 • EIN 63-6073648

Nov 01, 2014 to Oct 31, 2015 • Filed on Mar 06, 2016

P O Box 117Greenpond, AL 35074

(205) 938-9367

Siviq Scores

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

Liabilities / Assets

60th percentile

0.42x

Higher debt load relative to assets than 60% of similar nonprofits.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

73rd percentile

2.83x

Higher debt load relative to revenue than 73% of similar nonprofits.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2015

Net Margin

44th percentile

1.6%

Higher net margin than 44% of similar nonprofits.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

72nd percentile

$42,135

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2015

Asset Growth

87th percentile

11%

Faster asset growth than 87% of similar nonprofits.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

24th percentile

-4.7%

Faster revenue growth than 24% of similar nonprofits.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$8,588,001

Up $875,912 (+11%) from 2014

Net Assets

Up

$4,998,432

Up $19,858 (+0.4%) from 2014

Liabilities

Up

$3,589,569

Up $856,054 (+31%) from 2014

Revenue

Down

$1,267,907

Down $62,505 (-4.7%) from 2014

Expenses

Up

$1,248,049

Up $195,185 (+19%) from 2014

Net Income

Down

$19,858

Down $257,690 (-93%) from 2014

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $4,050,273Liabilities 2010: $376,252Net Assets 2010: $3,674,0212010Assets 2011: $4,331,326Liabilities 2011: $329,126Net Assets 2011: $4,002,2002011Assets 2012: $4,933,152Liabilities 2012: $541,106Net Assets 2012: $4,392,0462012Assets 2013: $5,578,823Liabilities 2013: $877,797Net Assets 2013: $4,701,0262013Assets 2014: $7,712,089Liabilities 2014: $2,733,515Net Assets 2014: $4,978,5742014Assets 2015: $8,588,001Liabilities 2015: $3,589,569Net Assets 2015: $4,998,4322015Assets 2016: $8,490,953Liabilities 2016: $3,491,879Net Assets 2016: $4,999,0742016Assets 2017: $8,258,255Liabilities 2017: $3,296,319Net Assets 2017: $4,961,9362017Assets 2018: $8,483,038Liabilities 2018: $3,102,729Net Assets 2018: $5,380,3092018Assets 2019: $8,621,784Liabilities 2019: $2,890,243Net Assets 2019: $5,731,5412019Assets 2020: $8,293,031Liabilities 2020: $2,633,287Net Assets 2020: $5,659,7442020Assets 2021: $8,383,719Liabilities 2021: $2,306,416Net Assets 2021: $6,077,3032021Assets 2022: $11,894,432Liabilities 2022: $4,998,735Net Assets 2022: $6,895,6972022Assets 2023: $12,402,390Liabilities 2023: $5,068,185Net Assets 2023: $7,334,2052023Assets 2024: $12,494,112Liabilities 2024: $4,816,058Net Assets 2024: $7,678,0542024Assets 2025: $16,157,372Liabilities 2025: $4,299,096Net Assets 2025: $11,858,2762025

Highlighted filing

2015

Assets$8,588,001
Liabilities$3,589,569
Net Assets$4,998,432

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $862,6322010Revenue 2011: $1,229,547Expenses 2011: $949,589Net Income 2011: $279,9582011Revenue 2012: $1,202,252Expenses 2012: $812,406Net Income 2012: $389,8462012Revenue 2013: $1,203,488Expenses 2013: $894,508Net Income 2013: $308,9802013Revenue 2014: $1,330,412Expenses 2014: $1,052,864Net Income 2014: $277,5482014Revenue 2015: $1,267,907Expenses 2015: $1,248,049Net Income 2015: $19,8582015Revenue 2016: $1,532,480Expenses 2016: $1,531,838Net Income 2016: $6422016Revenue 2017: $1,569,416Expenses 2017: $1,563,160Net Income 2017: $6,2562017Revenue 2018: $1,774,265Expenses 2018: $1,355,892Net Income 2018: $418,3732018Revenue 2019: $1,669,825Expenses 2019: $1,318,593Net Income 2019: $351,2322019Revenue 2020: $1,803,284Expenses 2020: $1,875,081Net Income 2020: -$71,7972020Revenue 2021: $1,762,416Expenses 2021: $1,344,857Net Income 2021: $417,5592021Revenue 2022: $2,441,284Expenses 2022: $1,622,890Net Income 2022: $818,3942022Revenue 2023: $2,126,485Expenses 2023: $1,687,977Net Income 2023: $438,5082023Revenue 2024: $2,416,577Expenses 2024: $2,072,728Net Income 2024: $343,8492024Revenue 2025: $6,476,209Expenses 2025: $2,295,987Net Income 2025: $4,180,2222025

Highlighted filing

2015

Revenue$1,267,907
Expenses$1,248,049
Net Income$19,858
Jump To
Filing Snapshot
Filing Period
Nov 1, 2014 to Oct 31, 2015
Signed
Mar 6, 2016
Return Version
2014v6.0
Gross Receipts
$1,267,907
Mission and Program Overview

Mission

WATER UTILITY SYSTEM

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,999,485$6,020,778▲ $1,021,293
Savings and Temporary Cash Investments$2,271,480$2,273,022▲ $1,542
Accounts Receivable$183,264$175,327▼ $7,937
Cash and Non-Interest-Bearing Accounts$233,376$81,280▼ $152,096
Inventories for Sale or Use$11,797$21,797▲ $10,000
Prepaid Expenses and Deferred Charges$12,687$15,797▲ $3,110
Total Assets$7,712,089$8,588,001▲ $875,912
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,130,000$2,991,404▲ $861,404
Accounts Payable and Accrued Expenses$329,789$334,384▲ $4,595
Other Liabilities$273,726$263,781▼ $9,945
Total Liabilities$2,733,515$3,589,569▲ $856,054
Net Assets / Fund Balance
Unrestricted Net Assets$4,978,574$4,998,432▲ $19,858
Total Net Assets Fund Balance$4,978,574$4,998,432▲ $19,858
Total Liabilities and Net Assets / Fund Balance$7,712,089$8,588,001▲ $875,912

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,240,660$2,066,526$7,307,186
Equipment$460,453$260,642$721,095
Buildings$187,641$163,109$350,750
Land$132,024-$132,024
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Clint MurphySuperintendentFT$42,135$42,135

Board Members and Trustees

NameTitle
Steve HutchinsPresident
James MullinaxVice President
Sandy YoungBoard
Susan CroweBoard
Charles SmithSecretarytreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,222,325
Investment Income
$1,697
Other Revenue
$43,885
Change in Net Assets
$19,858

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,267,907
Total Revenue per Audited Statements
$1,267,907
Total Revenue per Form 990
$1,267,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$892,333
Salaries, Compensation, and Employee Benefits$355,716
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$280,299--$280,299
Other Salaries and Wages$270,346--$270,346
Occupancy$110,526--$110,526
Interest$102,518--$102,518
Other Employee Benefits$58,435--$58,435
Insurance$46,381--$46,381
All Other Expenses$35,469--$35,469
Office Expenses$24,701--$24,701
Other Expenses$23,968--$23,968
Payroll Taxes$22,093--$22,093
Fees for Services Legal$12,220--$12,220
Fees for Services Accounting$6,325--$6,325
Pension Plan Contributions$4,842--$4,842
Total Functional Expenses$1,248,049$0$0$1,248,049

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,248,049
Total Expenses per Audited Statements$1,248,049
Total Expenses per Form 990$1,248,049
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 Mtr Deposit$263,781
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
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

Persons on the utility system are considered members and have the opportunity to vote for election of the board of directors and changes in governing documents

Governing body decisions Part VI line 7B

Governing body decisions are made by the board of directors that are elected annually

Form 990 governing body review Part VI line 11

Governing board reviews audited financial statements and tax returns as necessary

Governing documents etc available to public Part VI line 19

Governing documents are available for review of membership at system offices

Filing and Contact Details

Filer

Filer Name
Greenpond Water System Inc
EIN
63-6073648
Address
P O BOX 117, GREENPOND, AL 35074

Signing Officer

Name
Clint Murphy
Title
Superintendent
Phone
2059389367
Signed
2016-03-06
Discuss with paid preparer
Yes

Organization Details

Formed
1964
Legal Domicile
Al
Voting Board Members
5
Independent Board Members
5
Employees
12

Preparer

Firm
Don Wallace CPA PC
Address
527 Main Avenue Ste G, Northport, AL 35476
Preparer
Don Wallace
Phone
2053455595
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01948
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02310
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04984
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt013802
IRS990ScheduleA/InvestmentIncomeCYPct00.11000
IRS990ScheduleA/InvestmentIncomePYPct00.11000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.89070
IRS990ScheduleA/PublicSupportPY509Pct00.89000
IRS990ScheduleA/PublicSupportTotal509Amt0112518
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt014927
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt011244
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt012524
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt014296
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt059527
IRS990ScheduleA/Total509Grp/TotalAmt0112518
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt016624
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt014107
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt014472
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt016606
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt064511
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0126320
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0187641
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0163109
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0350750
IRS990ScheduleD/EquipmentGrp/BookValueAmt0460453
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0260642
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0721095
IRS990ScheduleD/ExpensesSubtotalAmt01248049
IRS990ScheduleD/LandGrp/BookValueAmt0132024
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0132024
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05240660
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02066526
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07307186
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0263781
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER MTR DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt01267907
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06020778
IRS990ScheduleD/TotalExpensesPerForm990Amt01248049
IRS990ScheduleD/TotalLiabilityAmt0263781
IRS990ScheduleD/TotalRevenuePerForm990Amt01267907
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01267907
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01248049
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PERSONS ON THE UTILITY SYSTEM ARE CONSIDERED MEMBERS AND HAVE THE OPPORTUNITY TO VOTE FOR ELECTION OF THE BOARD OF DIRECTORS AND CHANGES IN GOVERNING DOCUMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING BODY DECISIONS ARE MADE BY THE BOARD OF DIRECTORS THAT ARE ELECTED ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING BOARD REVIEWS AUDITED FINANCIAL STATEMENTS AND TAX RETURNS AS NECESSARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW OF MEMBERSHIP AT SYSTEM OFFICES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07712089
IRS990/TotalAssetsEOYAmt08588001
IRS990/TotalAssetsGrp/BOYAmt07712089
IRS990/TotalAssetsGrp/EOYAmt08588001
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01248049
IRS990/TotalFunctionalExpensesGrp/TotalAmt01248049
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02733515
IRS990/TotalLiabilitiesEOYAmt03589569
IRS990/TotalLiabilitiesGrp/BOYAmt02733515
IRS990/TotalLiabilitiesGrp/EOYAmt03589569
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04978574
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04998432
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01248049
IRS990/TotalProgramServiceRevenueAmt01222325
IRS990/TotalReportableCompFromOrgAmt042135
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01267907
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01267907
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07712089
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08588001
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04978574
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04998432
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CLINT MURPHY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUPERINTENDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02059389367
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREENPOND WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0GREE
ReturnHeader/Filer/EIN0636073648
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 117
ReturnHeader/Filer/USAddress/CityNm0GREENPOND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035074
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/PreparationDt02016-03-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Don Wallace
ReturnHeader/ReturnTs02016-03-12T10:03:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-11-01
ReturnHeader/TaxPeriodEndDt02015-10-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$16.2$4.30$11.9$6.48$2.30$4.18
2024Detailed filing. Detailed filing data is available for this year.$12.5$4.82$7.68$2.42$2.07$0.34
2023Detailed filing. Detailed filing data is available for this year.$12.4$5.07$7.33$2.13$1.69$0.44
2022Detailed filing. Detailed filing data is available for this year.$11.9$5.00$6.90$2.44$1.62$0.82
2021Detailed filing. Detailed filing data is available for this year.$8.38$2.31$6.08$1.76$1.34$0.42
2020Detailed filing. Detailed filing data is available for this year.$8.29$2.63$5.66$1.80$1.88$0.07
2019Detailed filing. Detailed filing data is available for this year.$8.62$2.89$5.73$1.67$1.32$0.35
2018Detailed filing. Detailed filing data is available for this year.$8.48$3.10$5.38$1.77$1.36$0.42
2017Detailed filing. Detailed filing data is available for this year.$8.26$3.30$4.96$1.57$1.56$0.01
2016Detailed filing. Detailed filing data is available for this year.$8.49$3.49$5.00$1.53$1.53$0.00
2015Detailed filing. Detailed filing data is available for this year.$8.59$3.59$5.00$1.27$1.25$0.02
2014Detailed filing. Detailed filing data is available for this year.$7.71$2.73$4.98$1.33$1.05$0.28
2013Summary only. Only limited summary data is available for this year.$5.58$0.88$4.70$1.20$0.89$0.31
2012Summary only. Only limited summary data is available for this year.$4.93$0.54$4.39$1.20$0.81$0.39
2011Summary only. Only limited summary data is available for this year.$4.33$0.33$4.00$1.23$0.95$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.05$0.38$3.67$0.86