Civic Intelligence

Okatoma Water Association

990 • Fiscal year 2022 • EIN 64-0470084

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 14, 2022

Organization ProfileN/A
PO Box 567Mize, MS 39116

(601) 733-2363

Siviq Scores

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

Liabilities / Assets

20th percentile

0.04x

Higher debt load relative to assets than 20% of similar nonprofits.

2022 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

22nd percentile

0.19x

Higher debt load relative to revenue than 22% of similar nonprofits.

2022 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2022

Net Margin

70th percentile

16%

Higher net margin than 70% of similar nonprofits.

2022 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

2022 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2022

Asset Growth

25th percentile

-1.9%

Faster asset growth than 25% of similar nonprofits.

2022 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

17th percentile

-5.5%

Faster revenue growth than 17% of similar nonprofits.

2022 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$7,929,628

Down $151,552 (-1.9%) from 2021

Net Assets

Down

$7,593,949

Down $67,231 (-0.9%) from 2021

Liabilities

Down

$335,679

Down $84,321 (-20%) from 2021

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin70th percentile

Revenue

Down

$1,724,270

Down $99,741 (-5.5%) from 2021

Expenses

Up

$1,451,795

Up $95,390 (+7.0%) from 2021

Net Income

Down

$272,475

Down $195,131 (-42%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

2022

Assets$7,929,628
Liabilities$335,679
Net Assets$7,593,949
Open 2022 Filing

Operations Trend

Revenue Growth17th percentile

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

2022

Revenue$1,724,270
Expenses$1,451,795
Net Income$272,475
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$1,724,270
Mission and Program Overview

Mission

Operation of a rural water system

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,825,912$3,628,744▼ $197,168
Investments in Publicly Traded Securities$3,361,405$3,030,502▼ $330,903
Cash and Non-Interest-Bearing Accounts$348,008$737,738▲ $389,730
Accounts Receivable$167,476$161,512▼ $5,964
Inventories for Sale or Use$149,936$137,679▼ $12,257
Prepaid Expenses and Deferred Charges$14,064$13,584▼ $480
Total Assets$8,081,180$7,929,628▼ $151,552
Other Assets Total$214,379$219,869▲ $5,490
Liabilities
Other Liabilities$213,272$219,321▲ $6,049
Accounts Payable and Accrued Expenses$176,328$101,590▼ $74,738
Unsecured Notes Loans Payable$30,400$14,768▼ $15,632
Total Liabilities$420,000$335,679▼ $84,321
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,661,180$7,593,949▼ $67,231
Total Net Assets Fund Balance$7,661,180$7,593,949▼ $67,231
Total Liabilities and Net Assets / Fund Balance$8,081,180$7,929,628▼ $151,552

Asset Categories

AssetBook ValueDepreciationBasis
Land$110,884-$110,884
Other Land Buildings$-6,507,133$6,507,133-
Compensation and Service Providers
Top Officer Pay44th percentile

Board Members and Trustees

NameTitle
Danny KingPresident
Doyle EtheridgeDirector
Glenn HarveyDirector
Henry JonesDirector
Larry BarnesDirector
Paul CockrellDirector
Shannon PowellDirector
Ethel ColemanSecretary
Gary NicholsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,679,497
Investment Income
$6,900
Other Revenue
$37,873
Change in Net Assets
$272,475

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,724,270
Total Revenue per Audited Statements
$1,724,270
Total Revenue per Form 990
$1,724,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$863,848
Salaries, Compensation, and Employee Benefits$587,947
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$487,052
Other Salaries and Wages---$460,059
Depreciation Depletion---$275,157
Other Employee Benefits---$92,160
Insurance---$52,964
Payroll Taxes---$35,728
Office Expenses---$35,300
Fees for Services Accounting---$13,375
Total Functional Expenses$0$0$0$1,451,795

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,451,795
Total Expenses per Audited Statements$1,451,795
Total Expenses per Form 990$1,451,795
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
Meter Deposits$219,321
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

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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Okatoma Water Association
EIN
64-0470084
Phone
6017332363
Address
PO BOX 567, MIZE, MS 39116

Signing Officer

Name
Danny King
Title
President
Phone
6017332363
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Danny King
Formed
1966
Legal Domicile
Ms
Voting Board Members
9
Independent Board Members
0
Employees
15

Preparer

Firm
Prince CPA Firm Pllc
Address
PO BOX 353, MAGEE, MS 39111-0353
Preparer
Charles R Prince
Phone
6018492544
Supplemental Narrative

Additional Explanations

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

“Operation of a rural water system”

Form 990, Part IX, Line 11G

“Bad debts 3,307 0 0 bank charges 13,391 0 0 computer services 12,473 0 0 director fees 21,300 0 0 fuel 40,345 0 0 other expenses 35,336 0 0 uniforms 13,790 0 0 repairs and maintenance 217,717 0 0 utilities 114,647 0 0 water analysis 14,746 0 0 total 487,052 0 0”

Form 990, Part XI, Line 9

“Change in memberships 2,770 -2,262 total 508”

Raw XML Appendix311 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BAD DEBTS 3,307 0 0 BANK CHARGES 13,391 0 0 COMPUTER SERVICES 12,473 0 0 DIRECTOR FEES 21,300 0 0 FUEL 40,345 0 0 OTHER EXPENSES 35,336 0 0 UNIFORMS 13,790 0 0 REPAIRS AND MAINTENANCE 217,717 0 0 UTILITIES 114,647 0 0 WATER ANALYSIS 14,746 0 0 TOTAL 487,052 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGE IN MEMBERSHIPS 2,770 -2,262 TOTAL 508
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IRS990/TotalAssetsGrp/EOYAmt07929628
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01451795
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0420000
IRS990/TotalLiabilitiesEOYAmt0335679
IRS990/TotalLiabilitiesGrp/BOYAmt0420000
IRS990/TotalLiabilitiesGrp/EOYAmt0335679
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07661180
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07593949
IRS990/TotalProgramServiceRevenueAmt01679497
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01724270
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01724270
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08081180
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07929628
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt030400
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt014768
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANNY KING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06017332363
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-14
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/ZIPCd039116
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0812831913
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRINCE CPA FIRM PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 353
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MAGEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0391110353
ReturnHeader/PreparerPersonGrp/PhoneNum06018492544
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES R PRINCE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-11-15T16:16:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DANNY
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ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,929,628
Liabilities
$335,679
Net assets
$7,593,949
Revenue
$1,724,270
Expenses
$1,451,795
Net income
$272,475
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