Civic Intelligence

Kossuth Water Association Inc

990 • Fiscal year 2020 • EIN 64-0524001

May 01, 2019 to Apr 30, 2020 • Filed on Jun 04, 2020

Organization Profile
PO Box 8080Kossuth, MS 38834

(662) 287-4310

Siviq Scores

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

Liabilities / Assets

76th percentile

0.52x

Higher debt load relative to assets than 76% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

3.41x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Net Margin

24th percentile

-3.7%

Higher net margin than 24% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

45th percentile

$0

Higher top officer pay than 45% of similar nonprofits.

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

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Asset Growth

21st percentile

-2.1%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

2.6%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$7,484,254

Down $162,119 (-2.1%) from 2019

Net Assets

Down

$3,555,794

Down $42,495 (-1.2%) from 2019

Liabilities

Down

$3,928,460

Down $119,624 (-3.0%) from 2019

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin24th percentile

Revenue

Up

$1,151,898

Up $29,231 (+2.6%) from 2019

Expenses

Down

$1,194,400

Down $29,527 (-2.4%) from 2019

Net Income

Up

-$42,502

Up $58,758 (+58%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $4,903,804Liabilities 2012: $3,522,534Net Assets 2012: $1,381,2702012Assets 2013: $5,544,041Liabilities 2013: $4,047,945Net Assets 2013: $1,496,0962013Assets 2014: $6,200,642Liabilities 2014: $4,104,711Net Assets 2014: $2,095,9312014Assets 2015: $7,188,804Liabilities 2015: $4,034,071Net Assets 2015: $3,154,7332015Assets 2016: $7,068,440Liabilities 2016: $3,882,642Net Assets 2016: $3,185,7982016Assets 2017: $6,846,233Liabilities 2017: $3,661,609Net Assets 2017: $3,184,6242017Assets 2018: $7,241,499Liabilities 2018: $3,541,954Net Assets 2018: $3,699,5452018Assets 2019: $7,646,373Liabilities 2019: $4,048,084Net Assets 2019: $3,598,2892019Assets 2020: $7,484,254Liabilities 2020: $3,928,460Net Assets 2020: $3,555,7942020Assets 2021: $7,451,447Liabilities 2021: $3,850,465Net Assets 2021: $3,600,9822021Assets 2022: $7,653,450Liabilities 2022: $3,690,876Net Assets 2022: $3,962,5742022Assets 2023: $7,939,006Liabilities 2023: $3,622,830Net Assets 2023: $4,316,1762023Assets 2024: $7,710,340Liabilities 2024: $3,442,022Net Assets 2024: $4,268,3182024Assets 2025: $7,692,821Liabilities 2025: $3,229,297Net Assets 2025: $4,463,5242025

Highlighted filing

2020

Assets$7,484,254
Liabilities$3,928,460
Net Assets$3,555,794
Open 2020 Filing

Operations Trend

Revenue Growth43rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $1,090,347Expenses 2012: $912,282Net Income 2012: $178,0652012Revenue 2013: $1,080,862Expenses 2013: $966,036Net Income 2013: $114,8262013Revenue 2014: $1,677,980Expenses 2014: $1,078,145Net Income 2014: $599,8352014Revenue 2015: $2,176,217Expenses 2015: $1,117,415Net Income 2015: $1,058,8022015Revenue 2016: $1,100,313Expenses 2016: $1,069,248Net Income 2016: $31,0652016Revenue 2017: $1,071,004Expenses 2017: $1,072,178Net Income 2017: -$1,1742017Revenue 2018: $1,732,849Expenses 2018: $1,217,928Net Income 2018: $514,9212018Revenue 2019: $1,122,667Expenses 2019: $1,223,927Net Income 2019: -$101,2602019Revenue 2020: $1,151,898Expenses 2020: $1,194,400Net Income 2020: -$42,5022020Revenue 2021: $1,204,817Expenses 2021: $1,159,634Net Income 2021: $45,1832021Revenue 2022: $1,516,488Expenses 2022: $1,154,904Net Income 2022: $361,5842022Revenue 2023: $1,592,238Expenses 2023: $1,238,646Net Income 2023: $353,5922023Revenue 2024: $1,289,676Expenses 2024: $1,337,534Net Income 2024: -$47,8582024Revenue 2025: $1,510,502Expenses 2025: $1,315,300Net Income 2025: $195,2022025

Highlighted filing

2020

Revenue$1,151,898
Expenses$1,194,400
Net Income-$42,502
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2019 to Apr 30, 2020
Signed
Jun 4, 2020
Return Version
2019v5.0
Gross Receipts
$1,151,898
Mission and Program Overview

Mission

Rural water association providing water service to approximately 2,500 members in the kossuth, alcorn county, ms area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,743,407$6,238,648▲ $495,241
Savings and Temporary Cash Investments$1,510,771$825,810▼ $684,961
Inventories for Sale or Use$169,299$193,933▲ $24,634
Accounts Receivable$41,803$43,756▲ $1,953
Prepaid Expenses and Deferred Charges$16,952$19,025▲ $2,073
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Total Assets$7,646,373$7,484,254▼ $162,119
Other Assets Total$163,941$162,882▼ $1,059
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,897,235$3,764,397▼ $132,838
Other Liabilities$147,227$152,704▲ $5,477
Accounts Payable and Accrued Expenses$3,622$11,359▲ $7,737
Total Liabilities$4,048,084$3,928,460▼ $119,624
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,116,263$2,918,441▼ $197,822
Net Assets Without Donor Restrictions$482,026$637,353▲ $155,327
Total Net Assets Fund Balance$3,598,289$3,555,794▼ $42,495
Total Liabilities and Net Assets / Fund Balance$7,646,373$7,484,254▼ $162,119

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,179,013$5,830,204$12,009,217
Land$59,635-$59,635
Compensation and Service Providers
Top Officer Pay45th percentile

Board Members and Trustees

NameTitle
Ricky MarshPresident
Eddie Joe DavisBoard Member
Greg MitchellBoard Member
Pat SpencerSec/treasure
Brad MattoxVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,138,132
Investment Income
$5,604
Other Revenue
$8,162
Change in Net Assets
$-42,502

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,151,898
Total Revenue per Audited Statements
$1,151,898
Total Revenue per Form 990
$1,151,898
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$881,148
Salaries, Compensation, and Employee Benefits$313,252
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$325,906
Other Salaries and Wages---$242,368
Interest---$162,413
All Other Expenses---$70,642
Other Employee Benefits---$51,841
Insurance---$40,858
Other Expenses---$19,258
Payroll Taxes---$19,043
Office Expenses---$17,170
Fees for Services Accounting---$5,995
Fees for Services Legal---$5,003
Travel---$2,458
Total Functional Expenses$0$0$0$1,194,400

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,194,400
Expenses per Audited Statements$1,194,393
Total Expenses per Audited Statements$1,194,393
Expenses Not Reported on Financial Statements$7
Other Expense Adjustments$7
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$128,927
Other Liabilities$23,777
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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 11B

“Board president reviews form 990 before signing.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Kossuth Water Association Inc
EIN
64-0524001
Phone
6622874310
Address
PO BOX 8080, KOSSUTH, MS 38834

Signing Officer

Name
Ricky Marsh
Title
President
Phone
6622874310
Signed
2020-06-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ricky Marsh
Formed
1970
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
0
Employees
7

Preparer

Firm
Lindsey Davis & Associates Cpas Pa
Address
PO BOX 146, RIPLEY, MS 38663-0146
Preparer
Charles L Davis Jr
Phone
6628373295
Supplemental Narrative

Additional Explanations

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

“Provide water to members.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 7”

Financial Statement Notes

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

“Book / tax depreciation difference 7”

Raw XML Appendix330 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/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE 7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07646373
IRS990/TotalAssetsEOYAmt07484254
IRS990/TotalAssetsGrp/BOYAmt07646373
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IRS990/TotalEmployeeCnt07
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01194400
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04048084
IRS990/TotalLiabilitiesEOYAmt03928460
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IRS990/TotalProgramServiceRevenueAmt01138132
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01151898
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07484254
IRS990/TravelGrp/TotalAmt02458
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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ReturnHeader/BuildTS02021-04-22 16:20:28Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0RICKY MARSH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06622874310
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KOSSUTH WATER ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0KOSS
ReturnHeader/Filer/EIN0640524001
ReturnHeader/Filer/PhoneNum06622874310
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 8080
ReturnHeader/Filer/USAddress/CityNm0KOSSUTH
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.93.87.212
ReturnHeader/FilingSecurityInformation/IPDt02020-06-22
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:06:45
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640935759
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LINDSEY DAVIS & ASSOCIATES CPAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 146
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RIPLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0386630146
ReturnHeader/PreparerPersonGrp/PhoneNum06628373295
ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES L DAVIS JR
ReturnHeader/ReturnTs02020-06-22T14:06:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-05-01
ReturnHeader/TaxPeriodEndDt02020-04-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,484,254
Liabilities
$3,928,460
Net assets
$3,555,794
Revenue
$1,151,898
Expenses
$1,194,400
Net income
-$42,502
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.69$3.23$4.46$1.51$1.32$0.20
2024Detailed filing. Detailed filing data is available for this year.$7.71$3.44$4.27$1.29$1.34$0.05
2023Detailed filing. Detailed filing data is available for this year.$7.94$3.62$4.32$1.59$1.24$0.35
2022Detailed filing. Detailed filing data is available for this year.$7.65$3.69$3.96$1.52$1.15$0.36
2021Detailed filing. Detailed filing data is available for this year.$7.45$3.85$3.60$1.20$1.16$0.05
2020Detailed filing. Detailed filing data is available for this year.$7.48$3.93$3.56$1.15$1.19$0.04
2019Detailed filing. Detailed filing data is available for this year.$7.65$4.05$3.60$1.12$1.22$0.10
2018Detailed filing. Detailed filing data is available for this year.$7.24$3.54$3.70$1.73$1.22$0.51
2017Detailed filing. Detailed filing data is available for this year.$6.85$3.66$3.18$1.07$1.07$0.00
2016Detailed filing. Detailed filing data is available for this year.$7.07$3.88$3.19$1.10$1.07$0.03
2015Detailed filing. Detailed filing data is available for this year.$7.19$4.03$3.15$2.18$1.12$1.06
2014Detailed filing. Detailed filing data is available for this year.$6.20$4.10$2.10$1.68$1.08$0.60
2013Summary only. Only limited summary data is available for this year.$5.54$4.05$1.50$1.08$0.97$0.11
2012Summary only. Only limited summary data is available for this year.$4.90$3.52$1.38$1.09$0.91$0.18
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)12 • $5M-$10M nonprofits