Civic Intelligence

Southwest Leake Water Association

990 • Fiscal year 2017 • EIN 64-0534677

Jun 01, 2016 to May 31, 2017 • Filed on Jun 20, 2017

Organization ProfileN/A
991 Pleasant Hill RoadLena, MS 39094

(601) 654-9339

Siviq Scores

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

Liabilities / Assets

66th percentile

0.41x

Higher debt load relative to assets than 66% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

77th percentile

2.98x

Higher debt load relative to revenue than 77% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Net Margin

56th percentile

7.0%

Higher net margin than 56% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

75th percentile

$5,760

Higher top officer pay than 75% of similar nonprofits.

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

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Asset Growth

9th percentile

-4.9%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

6.0%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets66th percentile

Assets

Down

$2,868,744

Down $146,673 (-4.9%) from 2016

Net Assets

Up

$1,687,692

Up $27,827 (+1.7%) from 2016

Liabilities

Down

$1,181,052

Down $174,500 (-13%) from 2016

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin56th percentile

Revenue

Up

$396,215

Up $22,358 (+6.0%) from 2016

Expenses

Up

$368,388

Up $27,828 (+8.2%) from 2016

Net Income

Down

$27,827

Down $5,470 (-16%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,999,993Liabilities 2011: $1,456,426Net Assets 2011: $1,543,5672011Assets 2012: $3,070,167Liabilities 2012: $1,431,317Net Assets 2012: $1,638,8502012Assets 2013: $3,046,637Liabilities 2013: $1,412,737Net Assets 2013: $1,633,9002013Assets 2014: $2,937,582Liabilities 2014: $1,388,076Net Assets 2014: $1,549,5062014Assets 2015: $2,910,337Liabilities 2015: $1,382,169Net Assets 2015: $1,528,1682015Assets 2016: $3,015,417Liabilities 2016: $1,355,552Net Assets 2016: $1,659,8652016Assets 2017: $2,868,744Liabilities 2017: $1,181,052Net Assets 2017: $1,687,6922017Assets 2018: $2,867,940Liabilities 2018: $1,156,766Net Assets 2018: $1,711,1742018Assets 2019: $2,856,934Liabilities 2019: $1,145,714Net Assets 2019: $1,711,2202019Assets 2020: $2,858,788Liabilities 2020: $1,118,704Net Assets 2020: $1,740,0842020Assets 2021: $2,830,551Liabilities 2021: $1,101,686Net Assets 2021: $1,728,8652021Assets 2022: $2,785,264Liabilities 2022: $1,060,524Net Assets 2022: $1,724,7402022Assets 2023: $2,743,526Liabilities 2023: $1,026,601Net Assets 2023: $1,716,9252023Assets 2024: $2,702,135Liabilities 2024: $976,548Net Assets 2024: $1,725,5872024Assets 2025: $2,675,971Liabilities 2025: $930,290Net Assets 2025: $1,745,6812025

Highlighted filing

2017

Assets$2,868,744
Liabilities$1,181,052
Net Assets$1,687,692
Open 2017 Filing

Operations Trend

Revenue Growth64th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $452,148Expenses 2011: $433,880Net Income 2011: $18,2682011Revenue 2012: $428,285Expenses 2012: $333,000Net Income 2012: $95,2852012Revenue 2013: $338,986Expenses 2013: $343,936Net Income 2013: -$4,9502013Revenue 2014: $361,164Expenses 2014: $304,301Net Income 2014: $56,8632014Revenue 2015: $357,954Expenses 2015: $331,470Net Income 2015: $26,4842015Revenue 2016: $373,857Expenses 2016: $340,560Net Income 2016: $33,2972016Revenue 2017: $396,215Expenses 2017: $368,388Net Income 2017: $27,8272017Revenue 2018: $406,765Expenses 2018: $383,283Net Income 2018: $23,4822018Revenue 2019: $402,057Expenses 2019: $402,011Net Income 2019: $462019Revenue 2020: $396,480Expenses 2020: $367,616Net Income 2020: $28,8642020Revenue 2021: $447,922Expenses 2021: $459,141Net Income 2021: -$11,2192021Revenue 2022: $414,659Expenses 2022: $418,784Net Income 2022: -$4,1252022Revenue 2023: $444,061Expenses 2023: $451,876Net Income 2023: -$7,8152023Revenue 2024: $474,808Expenses 2024: $466,146Net Income 2024: $8,6622024Revenue 2025: $478,097Expenses 2025: $458,003Net Income 2025: $20,0942025

Highlighted filing

2017

Revenue$396,215
Expenses$368,388
Net Income$27,827
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Jun 20, 2017
Return Version
2016v3.0
Gross Receipts
$396,215
Mission and Program Overview

Mission

Provide water service to the community of lena mississippi

Provide water service to residents in southwest leake county, mississippi

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,272,997$2,190,175▼ $82,822
Rtn Earn Endowment Incm Other Fnds$1,659,865$1,687,692▲ $27,827
Savings and Temporary Cash Investments$657,059$586,430▼ $70,629
Accounts Receivable$36,886$37,423▲ $537
Cash and Non-Interest-Bearing Accounts$29,896$29,827▼ $69
Inventories for Sale or Use$13,159$18,985▲ $5,826
Prepaid Expenses and Deferred Charges$5,385$5,869▲ $484
Total Assets$3,015,417$2,868,744▼ $146,673
Other Assets Total$35$35→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,317,493$1,134,412▼ $183,081
Other Liabilities$30,643$31,379▲ $736
Accounts Payable and Accrued Expenses$7,416$15,261▲ $7,845
Total Liabilities$1,355,552$1,181,052▼ $174,500
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,659,865$1,687,692▲ $27,827
Total Liabilities and Net Assets / Fund Balance$3,015,417$2,868,744▼ $146,673

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,142,191$1,685,437$3,827,628
Buildings$37,433$29,373$66,806
Land$10,551-$10,551
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleBaseTotal
John KennedyDirector$5,760$5,760
Andy ShannonPresident$1,620$1,620
Bobby ClarkVice President$1,530$1,530
Mary Jean EvansSecretary/treaurer$1,530$1,530
Paul BrownDirector$1,170$1,170
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$390,643
Investment Income
$5,372
Other Revenue
$200
Change in Net Assets
$27,827

Audited Revenue Reconciliation

Revenue per Audited Statements
$396,215
Total Revenue per Audited Statements
$396,215
Total Revenue per Form 990
$396,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$256,011
Salaries, Compensation, and Employee Benefits$112,377
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$96,140--$96,140
Depreciation Depletion$89,012--$89,012
All Other Expenses$64,579--$64,579
Interest$52,044--$52,044
Fees for Services Other$16,802--$16,802
Insurance$9,420--$9,420
Payroll Taxes$8,767--$8,767
Current Officers, Directors, Trustees, and Key Employees$7,470--$7,470
Fees for Services Accounting$5,100--$5,100
Travel$4,921--$4,921
Office Expenses$3,929--$3,929
Other Expenses$3,342--$3,342
Fees for Services Legal$600--$600
Total Functional Expenses$368,388$0$0$368,388

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$368,388
Total Expenses per Audited Statements$368,388
Total Expenses per Form 990$368,388
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
Customer Meter Deposits$31,379
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Filing and Contact Details

Filer

Filer Name
Southwest Leake Water Association
EIN
64-0534677
Phone
6016549339
Address
991 PLEASANT HILL ROAD, LENA, MS 39094

Signing Officer

Name
Andy Shannon
Title
President
Phone
6016549339
Signed
2017-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andy Shannon
Formed
1968
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
4
Volunteers
0

Preparer

Firm
Price & Co Pa
Address
PO BOX 364, FOREST, MS 39074
Preparer
William N Price Jr CPA
Phone
6014694020
Supplemental Narrative

Additional Explanations

Pt VI, Line 7A

“All members have an equal vote to elect directors.”

Pt VI, Line 6

“All customers are members of the association.”

Pt VI, Line 11B

“Form 990 is reviewed by the board of directors.”

Pt VI, Line 19

“Documents are available upon request.”

Form 990, Part IX, Line 24E

“Repairs and maintenance 35394. 35394.”

Form 990, Part IX, Line 24E

“SECURITY 978. 978.”

Form 990, Part IX, Line 24E

“TELEPHONE 4429. 4429.”

Form 990, Part IX, Line 24E

“UTILITIES 23778. 23778.”

Raw XML Appendix336 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/ExplanationTxt0ALL MEMBERS HAVE AN EQUAL VOTE TO ELECT DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL CUSTOMERS ARE MEMBERS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REPAIRS AND MAINTENANCE 35394. 35394.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SECURITY 978. 978.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TELEPHONE 4429. 4429.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UTILITIES 23778. 23778.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03015417
IRS990/TotalAssetsEOYAmt02868744
IRS990/TotalAssetsGrp/BOYAmt03015417
IRS990/TotalAssetsGrp/EOYAmt02868744
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0368388
IRS990/TotalFunctionalExpensesGrp/TotalAmt0368388
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01355552
IRS990/TotalLiabilitiesEOYAmt01181052
IRS990/TotalLiabilitiesGrp/BOYAmt01355552
IRS990/TotalLiabilitiesGrp/EOYAmt01181052
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01659865
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01687692
IRS990/TotalProgramServiceRevenueAmt0390643
IRS990/TotalReportableCompFromOrgAmt011610
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0396215
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0396215
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03015417
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02868744
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt04921
IRS990/TravelGrp/TotalAmt04921
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0860 HIGHWAY 487 WEST
IRS990/USAddress/CityNm0LENA
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039094
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDY SHANNON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06016549339
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHWEST LEAKE WATER ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0640534677
ReturnHeader/Filer/PhoneNum06016549339
ReturnHeader/Filer/USAddress/AddressLine1Txt0991 PLEASANT HILL ROAD
ReturnHeader/Filer/USAddress/CityNm0LENA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039094
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D06F367D6AEE12F275FA0A3FB6E3CEAEE612F904
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D06F367D6AEE12F275FA0A3FB6E3CEAEE612F904
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.251.118.150
ReturnHeader/FilingSecurityInformation/IPDt02017-07-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm008:12:28
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRICE & CO PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 364
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FOREST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039074
ReturnHeader/PreparerPersonGrp/PhoneNum06014694020
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM N PRICE JR CPA
ReturnHeader/ReturnTs02017-07-29T08:12:37-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-06-01
ReturnHeader/TaxPeriodEndDt02017-05-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,868,744
Liabilities
$1,181,052
Net assets
$1,687,692
Revenue
$396,215
Expenses
$368,388
Net income
$27,827
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.68$0.93$1.75$0.48$0.46$0.02
2024Detailed filing. Detailed filing data is available for this year.$2.70$0.98$1.73$0.47$0.47$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.74$1.03$1.72$0.44$0.45$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.79$1.06$1.72$0.41$0.42$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.83$1.10$1.73$0.45$0.46$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.86$1.12$1.74$0.40$0.37$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.86$1.15$1.71$0.40$0.40$0.00
2018Detailed filing. Detailed filing data is available for this year.$2.87$1.16$1.71$0.41$0.38$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.87$1.18$1.69$0.40$0.37$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.02$1.36$1.66$0.37$0.34$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.91$1.38$1.53$0.36$0.33$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.94$1.39$1.55$0.36$0.30$0.06
2013Summary only. Only limited summary data is available for this year.$3.05$1.41$1.63$0.34$0.34$0.00
2012Summary only. Only limited summary data is available for this year.$3.07$1.43$1.64$0.43$0.33$0.10
2011Summary only. Only limited summary data is available for this year.$3.00$1.46$1.54$0.45$0.43$0.02