Civic Intelligence

Okatoma Water Association

990 • Fiscal year 2016 • EIN 64-0470084

Jul 01, 2015 to Jun 30, 2016 • Filed on Aug 29, 2016

PO Box 567Mize, MS 39116-0567

(601) 733-2363

Siviq Scores

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

Liabilities / Assets

16th percentile

0.04x

Higher debt load relative to assets than 16% of similar nonprofits.

2016 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

17th percentile

0.18x

Higher debt load relative to revenue than 17% of similar nonprofits.

2016 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2016

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

2016 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

68th percentile

$20,670

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2016 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2016

Asset Growth

72nd percentile

4.1%

Faster asset growth than 72% of similar nonprofits.

2016 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

30th percentile

-0.6%

Faster revenue growth than 30% of similar nonprofits.

2016 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$5,863,762

Up $231,322 (+4.1%) from 2015

Net Assets

Up

$5,622,944

Up $225,343 (+4.2%) from 2015

Liabilities

Up

$240,818

Up $5,979 (+2.5%) from 2015

Revenue

Down

$1,375,735

Down $8,732 (-0.6%) from 2015

Expenses

Down

$1,152,452

Down $55,077 (-4.6%) from 2015

Net Income

Up

$223,283

Up $46,345 (+26%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2012: $4,915,782Liabilities 2012: $238,568Net Assets 2012: $4,677,2142012Assets 2013: $4,953,943Liabilities 2013: $233,593Net Assets 2013: $4,720,3502013Assets 2014: $5,426,239Liabilities 2014: $249,720Net Assets 2014: $5,176,5192014Assets 2015: $5,632,440Liabilities 2015: $234,839Net Assets 2015: $5,397,6012015Assets 2016: $5,863,762Liabilities 2016: $240,818Net Assets 2016: $5,622,9442016Assets 2017: $6,302,800Liabilities 2017: $316,700Net Assets 2017: $5,986,1002017Assets 2018: $6,256,167Liabilities 2018: $316,730Net Assets 2018: $5,939,4372018Assets 2019: $6,746,570Liabilities 2019: $279,461Net Assets 2019: $6,467,1092019Assets 2020: $7,317,923Liabilities 2020: $334,135Net Assets 2020: $6,983,7882020Assets 2021: $8,081,180Liabilities 2021: $420,000Net Assets 2021: $7,661,1802021Assets 2022: $7,929,628Liabilities 2022: $335,679Net Assets 2022: $7,593,9492022Assets 2023: $8,085,606Liabilities 2023: $338,453Net Assets 2023: $7,747,1532023Assets 2024: $8,939,057Liabilities 2024: $350,797Net Assets 2024: $8,588,2602024Assets 2025: $10,551,763Liabilities 2025: $348,644Net Assets 2025: $10,203,1192025

Highlighted filing

2016

Assets$5,863,762
Liabilities$240,818
Net Assets$5,622,944

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $1,410,637Expenses 2012: $1,179,849Net Income 2012: $230,7882012Revenue 2013: $1,333,720Expenses 2013: $1,399,440Net Income 2013: -$65,7202013Revenue 2014: $1,572,548Expenses 2014: $1,133,435Net Income 2014: $439,1132014Revenue 2015: $1,384,467Expenses 2015: $1,207,529Net Income 2015: $176,9382015Revenue 2016: $1,375,735Expenses 2016: $1,152,452Net Income 2016: $223,2832016Revenue 2017: $1,824,900Expenses 2017: $1,354,191Net Income 2017: $470,7092017Revenue 2018: $1,506,661Expenses 2018: $1,397,831Net Income 2018: $108,8302018Revenue 2019: $1,681,830Expenses 2019: $1,308,581Net Income 2019: $373,2492019Revenue 2020: $1,744,310Expenses 2020: $1,432,612Net Income 2020: $311,6982020Revenue 2021: $1,824,011Expenses 2021: $1,356,405Net Income 2021: $467,6062021Revenue 2022: $1,724,270Expenses 2022: $1,451,795Net Income 2022: $272,4752022Revenue 2023: $1,769,900Expenses 2023: $1,607,619Net Income 2023: $162,2812023Revenue 2024: $2,337,738Expenses 2024: $1,679,278Net Income 2024: $658,4602024Revenue 2025: $3,083,457Expenses 2025: $1,720,644Net Income 2025: $1,362,8132025

Highlighted filing

2016

Revenue$1,375,735
Expenses$1,152,452
Net Income$223,283
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Aug 29, 2016
Return Version
2015v2.1
Gross Receipts
$1,375,735
Mission and Program Overview

Mission

Operation of a rural water system

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,712,611$2,587,171▼ $125,440
Investments in Publicly Traded Securities$2,233,731$2,255,777▲ $22,046
Cash and Non-Interest-Bearing Accounts$317,577$638,416▲ $320,839
Accounts Receivable$126,730$134,402▲ $7,672
Inventories for Sale or Use$63,748$63,365▼ $383
Prepaid Expenses and Deferred Charges$14,344$12,163▼ $2,181
Total Assets$5,632,440$5,863,762▲ $231,322
Other Assets Total$163,699$172,468▲ $8,769
Liabilities
Other Liabilities$163,619$171,814▲ $8,195
Accounts Payable and Accrued Expenses$71,220$69,004▼ $2,216
Total Liabilities$234,839$240,818▲ $5,979
Net Assets / Fund Balance
Unrestricted Net Assets$5,397,601$5,622,944▲ $225,343
Total Net Assets Fund Balance$5,397,601$5,622,944▲ $225,343
Total Liabilities and Net Assets / Fund Balance$5,632,440$5,863,762▲ $231,322

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$261,172$39,833-
Land$22,819--
Equipment$2,303,180$4,356,768-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Danny KingPresidentFT$20,670$20,670
Doyle EtheridgeDirector-$7,500$7,500
Ethel ColemanSecretary-$2,475$2,475
Glenn HarveyDirector-$2,400$2,400
Herman CockrellDirector-$2,400$2,400
Paul CockrellDirector-$2,400$2,400
Pete HowellDirector-$2,400$2,400
Gary NicholsVice President-$2,200$2,200
Larry BarnesDirector-$2,200$2,200
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,348,720
Investment Income
$16,040
Other Revenue
$10,975
Change in Net Assets
$223,283

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,447,700
Revenue Not Reported on Financial Statements
$-71,965
Other Revenue Adjustments
$-71,965
Total Revenue per Audited Statements
$1,447,700
Total Revenue per Form 990
$1,375,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$710,811
Salaries, Compensation, and Employee Benefits$441,641
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$371,675$0$0$371,675
All Other Expenses$257,442$14,415-$271,857
Depreciation Depletion$205,052$3,130$0$208,182
Insurance$60,982$32,711$0$93,693
Payment Travel Entrtnmnt Publicly Ofcl$75,365$0$0$75,365
Current Officers, Directors, Trustees, and Key Employees$0$39,370$0$39,370
Payroll Taxes$29,222$1,374$0$30,596
Office Expenses$0$30,585$0$30,585
Information Technology$0$19,820$0$19,820
Fees for Services Accounting$0$11,309$0$11,309
Total Functional Expenses$999,738$152,714$0$1,152,452

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,152,452
Total Expenses per Form 990$1,152,452
Total Expenses per Audited Statements$1,152,400
Expenses Not Reported on Form 990$-52
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Meter Deposits$171,814
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
Filing and Contact Details

Filer

Filer Name
Okatoma Water Association
EIN
64-0470084
Phone
6017332363
Address
PO Box 567, Mize, MS 39116-0567

Signing Officer

Name
Danny King
Title
Chairman of the Board
Phone
6017332363
Signed
2016-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Danny King
Formed
1966
Legal Domicile
Ms
Voting Board Members
9
Independent Board Members
9
Employees
12
Volunteers
0

Preparer

Firm
Stewart & Barnett CPA's
Address
PO Box 575, Magee, MS 39111-0575
Preparer
John Thomas Barnett CPA
Phone
6018496056
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Chairman of the Board reviews the form before the it is filed.

Form 990, Part IX, Line 24E

Bad Debts 14422. 14422.

Form 990, Part IX, Line 24E

Bank Charges 2972. 2972.

Form 990, Part IX, Line 24E

Fuel 24616. 24616.

Form 990, Part IX, Line 24E

Repairs & Maintenance 205822. 205822.

Form 990, Part IX, Line 24E

Taxes & llicenses

Form 990, Part IX, Line 24E

Uniforms

Form 990, Part IX, Line 24E

Water Analysis 9610. 9610.

Form 990, Part IX, Line 24E

Other 14415. 14415.

Form 990, Part IX, Line 24E

Rounding

Financial Statement Notes

Pt XI, Line 4B

Losses not inclided in income

Pt XII, Line 2D

Rounding

Raw XML Appendix391 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/PYInvestmentIncomeAmt018720
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt075365
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt075365
IRS990/PYOtherExpensesAmt0756467
IRS990/PYOtherRevenueAmt02901
IRS990/PYProgramServiceRevenueAmt01362846
IRS990/PYRevenuesLessExpensesAmt0176938
IRS990/PYSalariesCompEmpBnftPaidAmt0451062
IRS990/PYTotalExpensesAmt01207529
IRS990/PYTotalRevenueAmt01384467
IRS990/ReconcilationRevenueExpnssAmt0223283
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0261172
IRS990ScheduleD/BuildingsGrp/DepreciationAmt039833
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0301005
IRS990ScheduleD/EquipmentGrp/BookValueAmt02303180
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04356768
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06659948
IRS990ScheduleD/ExpensesNotReportedAmt0-52
IRS990ScheduleD/ExpensesSubtotalAmt01152452
IRS990ScheduleD/LandGrp/BookValueAmt022819
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt022819
IRS990ScheduleD/OtherExpensesIncludedAmt0-52
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0171814
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Meter Deposits
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-71965
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-71965
IRS990ScheduleD/RevenueSubtotalAmt01447700
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Losses not inclided in income
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rounding
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02587171
IRS990ScheduleD/TotalExpensesPerForm990Amt01152452
IRS990ScheduleD/TotalLiabilityAmt0171814
IRS990ScheduleD/TotalRevenuePerForm990Amt01375735
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01447700
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01152400
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Chairman of the Board reviews the form before the it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Bad Debts 14422. 14422.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Bank Charges 2972. 2972.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Fuel 24616. 24616.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Repairs & Maintenance 205822. 205822.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Taxes & llicenses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Uniforms
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Water Analysis 9610. 9610.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Other 14415. 14415.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Rounding
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05632440
IRS990/TotalAssetsEOYAmt05863762
IRS990/TotalAssetsGrp/BOYAmt05632440
IRS990/TotalAssetsGrp/EOYAmt05863762
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0152714
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0999738
IRS990/TotalFunctionalExpensesGrp/TotalAmt01152452
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0234839
IRS990/TotalLiabilitiesEOYAmt0240818
IRS990/TotalLiabilitiesGrp/BOYAmt0234839
IRS990/TotalLiabilitiesGrp/EOYAmt0240818
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05397601
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05622944
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt010569
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt010569
IRS990/TotalProgramServiceRevenueAmt01348720
IRS990/TotalReportableCompFromOrgAmt044645
IRS990/TotalRevenueGrp/ExclusionAmt01375735
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01375735
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05632440
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05863762
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05397601
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05622944
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 567
IRS990/USAddress/CityNm0Mize
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039116
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANNY KING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN OF THE BOARD
ReturnHeader/BusinessOfficerGrp/PhoneNum06017332363
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Okatoma Water Association
ReturnHeader/Filer/BusinessNameControlTxt0OKAT
ReturnHeader/Filer/EIN0640470084
ReturnHeader/Filer/PhoneNum06017332363
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 567
ReturnHeader/Filer/USAddress/CityNm0Mize
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd0391160567
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Stewart & Barnett CPA's
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 575
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Magee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0391110575
ReturnHeader/PreparerPersonGrp/PhoneNum06018496056
ReturnHeader/PreparerPersonGrp/PreparationDt02016-09-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN THOMAS BARNETT CPA
ReturnHeader/ReturnTs02016-09-06T08:41:46-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.6$0.35$10.2$3.08$1.72$1.36
2024Detailed filing. Detailed filing data is available for this year.$8.94$0.35$8.59$2.34$1.68$0.66
2023Detailed filing. Detailed filing data is available for this year.$8.09$0.34$7.75$1.77$1.61$0.16
2022Detailed filing. Detailed filing data is available for this year.$7.93$0.34$7.59$1.72$1.45$0.27
2021Detailed filing. Detailed filing data is available for this year.$8.08$0.42$7.66$1.82$1.36$0.47
2020Detailed filing. Detailed filing data is available for this year.$7.32$0.33$6.98$1.74$1.43$0.31
2019Detailed filing. Detailed filing data is available for this year.$6.75$0.28$6.47$1.68$1.31$0.37
2018Detailed filing. Detailed filing data is available for this year.$6.26$0.32$5.94$1.51$1.40$0.11
2017Detailed filing. Detailed filing data is available for this year.$6.30$0.32$5.99$1.82$1.35$0.47
2016Detailed filing. Detailed filing data is available for this year.$5.86$0.24$5.62$1.38$1.15$0.22
2015Detailed filing. Detailed filing data is available for this year.$5.63$0.23$5.40$1.38$1.21$0.18
2014Summary only. Only limited summary data is available for this year.$5.43$0.25$5.18$1.57$1.13$0.44
2013Summary only. Only limited summary data is available for this year.$4.95$0.23$4.72$1.33$1.40$0.07
2012Summary only. Only limited summary data is available for this year.$4.92$0.24$4.68$1.41$1.18$0.23