Civic Intelligence

Soso Community Water System Inc

990 • Fiscal year 2016 • EIN 64-0438709

Jan 01, 2016 to Dec 31, 2016 • Filed on Feb 15, 2017

Organization ProfileN/A
P O Box 146Soso, MS 39480

(601) 729-8500

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.11x

Higher debt load relative to assets than 33% of similar nonprofits.

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

Liabilities / Revenue

42nd percentile

0.87x

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

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

Net Margin

30th percentile

-3.1%

Higher net margin than 30% 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

34th percentile

-1.3%

Faster asset growth than 34% of similar nonprofits.

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

Revenue Growth

16th percentile

-5.7%

Faster revenue growth than 16% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$2,142,029

Down $28,630 (-1.3%) from 2015

Net Assets

Down

$1,906,874

Down $8,409 (-0.4%) from 2015

Liabilities

Down

$235,155

Down $20,221 (-7.9%) from 2015

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin30th percentile

Revenue

Down

$270,762

Down $16,295 (-5.7%) from 2015

Expenses

Up

$279,171

Up $3,652 (+1.3%) from 2015

Net Income

Down

-$8,409

Down $19,947 (-173%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,252,178Liabilities 2011: $363,827Net Assets 2011: $1,888,3512011Assets 2012: $2,218,730Liabilities 2012: $338,934Net Assets 2012: $1,879,7962012Assets 2013: $2,198,942Liabilities 2013: $315,282Net Assets 2013: $1,883,6602013Assets 2014: $2,168,200Liabilities 2014: $264,455Net Assets 2014: $1,903,7452014Assets 2015: $2,170,659Liabilities 2015: $255,376Net Assets 2015: $1,915,2832015Assets 2016: $2,142,029Liabilities 2016: $235,155Net Assets 2016: $1,906,8742016Assets 2017: $2,125,871Liabilities 2017: $214,652Net Assets 2017: $1,911,2192017Assets 2018: $2,110,909Liabilities 2018: $190,355Net Assets 2018: $1,920,5542018Assets 2019: $2,108,557Liabilities 2019: $167,247Net Assets 2019: $1,941,3102019Assets 2020: $2,037,083Liabilities 2020: $14,603Net Assets 2020: $2,022,4802020Assets 2021: $2,020,010Liabilities 2021: $14,505Net Assets 2021: $2,005,5052021Assets 2022: $2,020,088Liabilities 2022: $11,240Net Assets 2022: $2,008,8482022Assets 2023: $2,107,593Liabilities 2023: $64,669Net Assets 2023: $2,042,9242023Assets 2024: $2,125,543Liabilities 2024: $48,410Net Assets 2024: $2,077,1332024Assets 2025: $2,142,918Liabilities 2025: $25,605Net Assets 2025: $2,117,3132025

Highlighted filing

2016

Assets$2,142,029
Liabilities$235,155
Net Assets$1,906,874
Open 2016 Filing

Operations Trend

Revenue Growth16th percentile

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

$400K$300K$200K$100K$0-$100KExpenses 2011: $242,3232011Revenue 2012: $280,419Expenses 2012: $288,974Net Income 2012: -$8,5552012Revenue 2013: $271,347Expenses 2013: $267,483Net Income 2013: $3,8642013Revenue 2014: $275,370Expenses 2014: $255,285Net Income 2014: $20,0852014Revenue 2015: $287,057Expenses 2015: $275,519Net Income 2015: $11,5382015Revenue 2016: $270,762Expenses 2016: $279,171Net Income 2016: -$8,4092016Revenue 2017: $270,065Expenses 2017: $281,859Net Income 2017: -$11,7942017Revenue 2018: $290,567Expenses 2018: $281,232Net Income 2018: $9,3352018Revenue 2019: $294,952Expenses 2019: $274,196Net Income 2019: $20,7562019Revenue 2020: $369,223Expenses 2020: $293,805Net Income 2020: $75,4182020Revenue 2021: $294,261Expenses 2021: $311,236Net Income 2021: -$16,9752021Revenue 2022: $312,467Expenses 2022: $309,124Net Income 2022: $3,3432022Revenue 2023: $342,169Expenses 2023: $308,093Net Income 2023: $34,0762023Revenue 2024: $356,398Expenses 2024: $322,189Net Income 2024: $34,2092024Revenue 2025: $339,735Expenses 2025: $299,555Net Income 2025: $40,1802025

Highlighted filing

2016

Revenue$270,762
Expenses$279,171
Net Income-$8,409
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 15, 2017
Return Version
2016v3.0
Gross Receipts
$270,762
Mission and Program Overview

Mission

The mission of the organization is to provide quality water services to individuals/residents that are on the system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,915,283$1,906,874▼ $8,409
Land, Buildings, and Equipment, Net$1,748,822$1,697,136▼ $51,686
Cash and Non-Interest-Bearing Accounts$339,357$365,753▲ $26,396
Savings and Temporary Cash Investments$42,581$42,687▲ $106
Accounts Receivable$30,227$26,612▼ $3,615
Prepaid Expenses and Deferred Charges$9,426$9,595▲ $169
Total Assets$2,170,659$2,142,029▼ $28,630
Other Assets Total$246$246→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$234,011$213,461▼ $20,550
Other Liabilities$18,842$17,984▼ $858
Accounts Payable and Accrued Expenses$2,523$3,710▲ $1,187
Total Liabilities$255,376$235,155▼ $20,221
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,915,283$1,906,874▼ $8,409
Total Liabilities and Net Assets / Fund Balance$2,170,659$2,142,029▼ $28,630

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,674,567$1,196,416$2,870,983
Land$22,569-$22,569
Compensation and Service Providers
Top Officer Pay62nd percentile

Board Members and Trustees

NameTitle
Bobby ShowsPresident
Doug CoatsDirector
Jeffrey BynumDirector
Mack BusbyDirector
Tim PowellDirector
Eugene SmithSecretary/tr
Tracy AdamsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$270,242
Investment Income
$520
Other Revenue
$0
Change in Net Assets
$-8,409
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$193,793
Salaries, Compensation, and Employee Benefits$85,378
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$84,496
Other Salaries and Wages---$78,072
All Other Expenses---$20,482
Interest---$8,088
Other Expenses---$6,413
Payroll Taxes---$6,132
Fees for Services Accounting---$3,150
Other Employee Benefits---$1,174
Advertising---$238
Total Functional Expenses$0$0$0$279,171
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$16,196
Accrued Taxes Payable$1,788
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

“Board members are nominated and elected by members on the system at the annual meeting held in february. Elections are arranged where at least two members are up for re-election on an annual basis.”

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

“All business of the organization is approved by the board of directors. The board has designated the president to oversee day-to-day operations and all financial information is relayed to the rest of the board on a monthly basis. All monthly meetings are open to the consumers on the system.”

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

“The board of directors are given a draft copy of the irs form 990 for review and approval. Once the approval is granted, then the 990 is formally filed via electronic filing.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors are not compensated for service to the organizaton.”

Form 990, Page 6, Part VI, Line 15B

“The organization has three employees and all salaries are reviewed and determined on an annual basis by the board of directors. Furthermore, the board president signs all pay checks to ensure correct pay rate has been implemented.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, recap of minutes of board minutes, audit/reviewed financials prepared by an independent cpa, and the irs form 990 are available to all consumers on the system upon request at the office.”

Filing and Contact Details

Filer

Filer Name
Soso Community Water System Inc
EIN
64-0438709
Phone
6017298500
Address
P O BOX 146, SOSO, MS 39480

Signing Officer

Name
Bobby Shows
Title
President
Phone
6017298500
Signed
2017-02-15

Organization Details

Principal Officer
Tracy Adams
Formed
1965
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
0
Employees
3

Preparer

Firm
Holt & Associates Pllc
Address
2815 HWY 15 NORTH, LAUREL, MS 39440-1812
Preparer
David Dill
Phone
6016493000
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“The board of directors serve the organizaton without receiving compensation of any type.”

Form 990, Page 2, Part III, Line 4D

“TOTAL EXPENSES”

Raw XML Appendix304 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS SERVE THE ORGANIZATON WITHOUT RECEIVING COMPENSATION OF ANY TYPE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TOTAL EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE NOMINATED AND ELECTED BY MEMBERS ON THE SYSTEM AT THE ANNUAL MEETING HELD IN FEBRUARY. ELECTIONS ARE ARRANGED WHERE AT LEAST TWO MEMBERS ARE UP FOR RE-ELECTION ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BUSINESS OF THE ORGANIZATION IS APPROVED BY THE BOARD OF DIRECTORS. THE BOARD HAS DESIGNATED THE PRESIDENT TO OVERSEE DAY-TO-DAY OPERATIONS AND ALL FINANCIAL INFORMATION IS RELAYED TO THE REST OF THE BOARD ON A MONTHLY BASIS. ALL MONTHLY MEETINGS ARE OPEN TO THE CONSUMERS ON THE SYSTEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ARE GIVEN A DRAFT COPY OF THE IRS FORM 990 FOR REVIEW AND APPROVAL. ONCE THE APPROVAL IS GRANTED, THEN THE 990 IS FORMALLY FILED VIA ELECTRONIC FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS ARE NOT COMPENSATED FOR SERVICE TO THE ORGANIZATON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS THREE EMPLOYEES AND ALL SALARIES ARE REVIEWED AND DETERMINED ON AN ANNUAL BASIS BY THE BOARD OF DIRECTORS. FURTHERMORE, THE BOARD PRESIDENT SIGNS ALL PAY CHECKS TO ENSURE CORRECT PAY RATE HAS BEEN IMPLEMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS, RECAP OF MINUTES OF BOARD MINUTES, AUDIT/REVIEWED FINANCIALS PREPARED BY AN INDEPENDENT CPA, AND THE IRS FORM 990 ARE AVAILABLE TO ALL CONSUMERS ON THE SYSTEM UPON REQUEST AT THE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02170659
IRS990/TotalAssetsEOYAmt02142029
IRS990/TotalAssetsGrp/BOYAmt02170659
IRS990/TotalAssetsGrp/EOYAmt02142029
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0279171
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0255376
IRS990/TotalLiabilitiesEOYAmt0235155
IRS990/TotalLiabilitiesGrp/BOYAmt0255376
IRS990/TotalLiabilitiesGrp/EOYAmt0235155
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01915283
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01906874
IRS990/TotalProgramServiceRevenueAmt0270242
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0270762
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0270762
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02170659
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02142029
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 146
IRS990/USAddress/CityNm0SOSO
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039480
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BOBBY SHOWS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06017298500
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOSO COMMUNITY WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0SOSO
ReturnHeader/Filer/EIN0640438709
ReturnHeader/Filer/PhoneNum06017298500
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 146
ReturnHeader/Filer/USAddress/CityNm0SOSO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039480
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0702B1D073504D70E5C3B47FCEBBAB1E3A4892A71
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0702B1D073504D70E5C3B47FCEBBAB1E3A4892A71
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640886275
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOLT & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02815 HWY 15 NORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAUREL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0394401812
ReturnHeader/PreparerPersonGrp/PhoneNum06016493000
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID DILL
ReturnHeader/ReturnTs02017-02-24T16:48:25-06:00
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
$2,142,029
Liabilities
$235,155
Net assets
$1,906,874
Revenue
$270,762
Expenses
$279,171
Net income
-$8,409
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.14$0.03$2.12$0.34$0.30$0.04
2024Detailed filing. Detailed filing data is available for this year.$2.13$0.05$2.08$0.36$0.32$0.03
2023Detailed filing. Detailed filing data is available for this year.$2.11$0.06$2.04$0.34$0.31$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.02$0.01$2.01$0.31$0.31$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.02$0.01$2.01$0.29$0.31$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.04$0.01$2.02$0.37$0.29$0.08
2019Detailed filing. Detailed filing data is available for this year.$2.11$0.17$1.94$0.29$0.27$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.11$0.19$1.92$0.29$0.28$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.13$0.21$1.91$0.27$0.28$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.14$0.24$1.91$0.27$0.28$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.17$0.26$1.92$0.29$0.28$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.17$0.26$1.90$0.28$0.26$0.02
2013Detailed filing. Detailed filing data is available for this year.$2.20$0.32$1.88$0.27$0.27$0.00
2012Summary only. Only limited summary data is available for this year.$2.22$0.34$1.88$0.28$0.29$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.36$1.89$0.24