Civic Intelligence

Stringer Water Works Association Inc

990 • Fiscal year 2024 • EIN 64-0435072

Jul 01, 2023 to Jun 30, 2024 • Filed on Sep 09, 2024

Organization ProfileN/A
PO Box 97Stringer, MS 39481-0097

(601) 649-2855

Siviq Scores

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

Liabilities / Assets

79th percentile

0.47x

Higher debt load relative to assets than 79% of similar nonprofits.

2024 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

1.73x

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

2024 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2024

Net Margin

60th percentile

13%

Higher net margin than 60% of similar nonprofits.

2024 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2024 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2024

Asset Growth

54th percentile

1.9%

Faster asset growth than 54% of similar nonprofits.

2024 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

13%

Faster revenue growth than 68% of similar nonprofits.

2024 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$2,448,018

Up $45,201 (+1.9%) from 2023

Net Assets

Up

$1,292,056

Up $84,734 (+7.0%) from 2023

Liabilities

Down

$1,155,962

Down $39,533 (-3.3%) from 2023

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin60th percentile

Revenue

Up

$666,528

Up $75,172 (+13%) from 2023

Expenses

Down

$583,079

Down $7,988 (-1.4%) from 2023

Net Income

Up

$83,449

Up $83,160 (+28775%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,991,031Liabilities 2012: $1,463,083Net Assets 2012: $1,527,9482012Assets 2013: $2,921,664Liabilities 2013: $1,451,244Net Assets 2013: $1,470,4202013Assets 2014: $2,814,923Liabilities 2014: $1,420,837Net Assets 2014: $1,394,0862014Assets 2015: $2,830,081Liabilities 2015: $1,535,045Net Assets 2015: $1,295,0362015Assets 2016: $2,724,099Liabilities 2016: $1,486,447Net Assets 2016: $1,237,6522016Assets 2017: $2,630,694Liabilities 2017: $1,439,049Net Assets 2017: $1,191,6452017Assets 2018: $2,549,306Liabilities 2018: $1,377,162Net Assets 2018: $1,172,1442018Assets 2019: $2,394,700Liabilities 2019: $1,292,498Net Assets 2019: $1,102,2022019Assets 2020: $2,390,618Liabilities 2020: $1,249,245Net Assets 2020: $1,141,3732020Assets 2021: $2,421,234Liabilities 2021: $1,234,258Net Assets 2021: $1,186,9762021Assets 2022: $2,419,053Liabilities 2022: $1,213,302Net Assets 2022: $1,205,7512022Assets 2023: $2,402,817Liabilities 2023: $1,195,495Net Assets 2023: $1,207,3222023Assets 2024: $2,448,018Liabilities 2024: $1,155,962Net Assets 2024: $1,292,0562024Assets 2025: $2,354,150Liabilities 2025: $1,038,455Net Assets 2025: $1,315,6952025

Highlighted filing

2024

Assets$2,448,018
Liabilities$1,155,962
Net Assets$1,292,056
Open 2024 Filing

Operations Trend

Revenue Growth68th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2012: $461,7232012Expenses 2013: $483,7592013Revenue 2014: $400,679Expenses 2014: $477,013Net Income 2014: -$76,3342014Revenue 2015: $409,958Expenses 2015: $509,008Net Income 2015: -$99,0502015Revenue 2016: $418,322Expenses 2016: $475,706Net Income 2016: -$57,3842016Revenue 2017: $442,630Expenses 2017: $487,817Net Income 2017: -$45,1872017Revenue 2018: $487,240Expenses 2018: $505,594Net Income 2018: -$18,3542018Revenue 2019: $484,468Expenses 2019: $554,414Net Income 2019: -$69,9462019Revenue 2020: $555,432Expenses 2020: $516,265Net Income 2020: $39,1672020Revenue 2021: $540,933Expenses 2021: $483,682Net Income 2021: $57,2512021Revenue 2022: $542,979Expenses 2022: $524,421Net Income 2022: $18,5582022Revenue 2023: $591,356Expenses 2023: $591,067Net Income 2023: $2892023Revenue 2024: $666,528Expenses 2024: $583,079Net Income 2024: $83,4492024Revenue 2025: $700,633Expenses 2025: $678,849Net Income 2025: $21,7842025

Highlighted filing

2024

Revenue$666,528
Expenses$583,079
Net Income$83,449
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 9, 2024
Return Version
2023v5.0
Gross Receipts
$671,515
Mission and Program Overview

Mission

Water services are provided to all members of the system

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,614,657$1,623,426▲ $8,769
Savings and Temporary Cash Investments$504,588$519,349▲ $14,761
Cash and Non-Interest-Bearing Accounts$156,499$180,321▲ $23,822
Accounts Receivable$68,804$69,293▲ $489
Inventories for Sale or Use$33,173$33,791▲ $618
Prepaid Expenses and Deferred Charges$12,453$17,624▲ $5,171
Total Assets$2,402,817$2,448,018▲ $45,201
Other Assets Total$12,643$4,214▼ $8,429
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,163,529$1,134,022▼ $29,507
Other Liabilities$24,698$16,102▼ $8,596
Accounts Payable and Accrued Expenses$7,268$5,838▼ $1,430
Total Liabilities$1,195,495$1,155,962▼ $39,533
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,207,322$1,292,056▲ $84,734
Total Net Assets Fund Balance$1,207,322$1,292,056▲ $84,734
Total Liabilities and Net Assets / Fund Balance$2,402,817$2,448,018▲ $45,201

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,601,276$3,053,808$4,655,084
Land$22,150-$22,150
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
Frank MckeownBoard Member
Glenn MyersBoard Member
James StringerBoard Member
Lonny CookBoard Member
Phillip RicketsonBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$654,599
Investment Income
$11,929
Other Revenue
$0
Change in Net Assets
$83,449

Audited Revenue Reconciliation

Revenue per Audited Statements
$666,528
Total Revenue per Audited Statements
$666,528
Total Revenue per Form 990
$666,528
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$393,654
Salaries, Compensation, and Employee Benefits$189,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$169,849
Depreciation Depletion---$153,669
Insurance---$53,938
Interest---$50,317
All Other Expenses---$22,439
Payroll Taxes---$16,576
Office Expenses---$15,294
Fees for Services Accounting---$13,432
Other Expenses---$8,883
Other Employee Benefits---$3,000
Fees for Services Management---$1,607
Travel---$757
Advertising---$714
Total Functional Expenses$0$0$0$583,079

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$583,079
Expenses per Audited Statements$581,794
Total Expenses per Audited Statements$581,794
Expenses Not Reported on Financial Statements$1,285
Other Expense Adjustments$1,285
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 Deposits$11,195
Lease Liability$4,427
Due to Volunteer Fire Dept$480
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
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

Form 990, Page 6, Part VI, Line 6

“Association has members of the water association”

Form 990, Page 6, Part VI, Line 7A

“Members vote for the board of directors”

Form 990, Page 6, Part VI, Line 11B

“The governing board reviews the tax return at their monthly meeting following the completion of the audit.”

Form 990, Page 6, Part VI, Line 19

“All information is available upon request in the office of the association.”

Filing and Contact Details

Filer

Filer Name
Stringer Water Works Association in
EIN
64-0435072
Phone
6016492855
Address
PO BOX 97, STRINGER, MS 39481-0097

Signing Officer

Name
Lonny Cook
Title
Board Member
Phone
6016492855
Signed
2024-09-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lonny Cook
Formed
1965
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
6

Preparer

Firm
Holt & Associates Pllc
Address
2815 HIGHWAY 15 N, LAUREL, MS 39440
Preparer
Julie Uher
Phone
6016493000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Book / tax depreciation difference 1,285”

Financial Statement Notes

Schedule D, Page 3, Part X

“Income taxes are not provided for in the financial statements since the association is exempt from federal and state income taxes under section 501(c) (12) of the internal revenue code and similar state provisions. The association believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The association follows the provisions of uncertain tax positions as addressed in the fasb accounting standards codification 740. The association files income tax returns in the u.s. Federal jurisdiction. The association is no longer subject to income tax examinations by tax authorities for the years before 2020. The association recognizes interest accrued related to unrecognized tax benefits in interest and penalties in operating expenses. No such interest or penalties were recognized during the periods presented. The association had no accruals for interest or penalties at june 30, 2024 or 2023.”

Schedule D, Page 4, Part XII, Line 4B

“Book / tax depreciation difference 1,285”

Raw XML Appendix315 raw XML fields

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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES ARE NOT PROVIDED FOR IN THE FINANCIAL STATEMENTS SINCE THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C) (12) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS. THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ASSOCIATION FOLLOWS THE PROVISIONS OF UNCERTAIN TAX POSITIONS AS ADDRESSED IN THE FASB ACCOUNTING STANDARDS CODIFICATION 740. THE ASSOCIATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE 2020. THE ASSOCIATION RECOGNIZES INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND PENALTIES IN OPERATING EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECOGNIZED DURING THE PERIODS PRESENTED. THE ASSOCIATION HAD NO ACCRUALS FOR INTEREST OR PENALTIES AT JUNE 30, 2024 OR 2023.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSOCIATION HAS MEMBERS OF THE WATER ASSOCIATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS VOTE FOR THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BOARD REVIEWS THE TAX RETURN AT THEIR MONTHLY MEETING FOLLOWING THE COMPLETION OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL INFORMATION IS AVAILABLE UPON REQUEST IN THE OFFICE OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE 1,285
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02402817
IRS990/TotalAssetsEOYAmt02448018
IRS990/TotalAssetsGrp/BOYAmt02402817
IRS990/TotalAssetsGrp/EOYAmt02448018
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0583079
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01195495
IRS990/TotalLiabilitiesEOYAmt01155962
IRS990/TotalLiabilitiesGrp/BOYAmt01195495
IRS990/TotalLiabilitiesGrp/EOYAmt01155962
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01207322
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01292056
IRS990/TotalProgramServiceRevenueAmt0654599
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0666528
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0666528
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02402817
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02448018
IRS990/TravelGrp/TotalAmt0757
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01549 HIGHWAY 15
IRS990/USAddress/CityNm0BAY SPRINGS
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039422
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LONNY COOK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum06016492855
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STRINGER WATER WORKS ASSOCIATION IN
ReturnHeader/Filer/BusinessNameControlTxt0STRI
ReturnHeader/Filer/EIN0640435072
ReturnHeader/Filer/PhoneNum06016492855
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 97
ReturnHeader/Filer/USAddress/CityNm0STRINGER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd0394810097
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640886275
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOLT & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02815 HIGHWAY 15 N
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAUREL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039440
ReturnHeader/PreparerPersonGrp/PhoneNum06016493000
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIE UHER
ReturnHeader/ReturnTs02024-09-10T10:57:10-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,448,018
Liabilities
$1,155,962
Net assets
$1,292,056
Revenue
$666,528
Expenses
$583,079
Net income
$83,449
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.35$1.04$1.32$0.70$0.68$0.02
2024Detailed filing. Detailed filing data is available for this year.$2.45$1.16$1.29$0.67$0.58$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.40$1.20$1.21$0.59$0.59$0.00
2022Detailed filing. Detailed filing data is available for this year.$2.42$1.21$1.21$0.54$0.52$0.02
2021Detailed filing. Detailed filing data is available for this year.$2.42$1.23$1.19$0.54$0.48$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.39$1.25$1.14$0.56$0.52$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.39$1.29$1.10$0.48$0.55$0.07
2018Summary only. Only limited summary data is available for this year.$2.55$1.38$1.17$0.49$0.51$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.63$1.44$1.19$0.44$0.49$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.72$1.49$1.24$0.42$0.48$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.83$1.54$1.30$0.41$0.51$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.81$1.42$1.39$0.40$0.48$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.92$1.45$1.47$0.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.99$1.46$1.53$0.46
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)12 • $1M-$5M nonprofits