Civic Intelligence

Quincy Water Association Inc

990 • Fiscal year 2017 • EIN 64-0604798

May 01, 2016 to Apr 30, 2017 • Filed on Aug 04, 2017

Organization Profile

View Organization Page

51620 Hwy 278 EAmory, MS 38821

(662) 256-7972

Siviq Scores

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

Liabilities / Assets

95th percentile

0.83x

Higher debt load relative to assets than 95% of similar nonprofits.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

5.20x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2017

Net Margin

13th percentile

-13%

Higher net margin than 13% of similar nonprofits.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

43rd percentile

$0

Higher top officer pay than 43% of similar nonprofits.

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

2017 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2017

Asset Growth

14th percentile

-2.8%

Faster asset growth than 14% of similar nonprofits.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

75th percentile

12%

Faster revenue growth than 75% of similar nonprofits.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$6,128,043

Down $175,197 (-2.8%) from 2016

Net Assets

Down

$1,023,210

Down $124,861 (-11%) from 2016

Liabilities

Down

$5,104,833

Down $50,336 (-1.0%) from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin13th percentile

Revenue

Up

$982,389

Up $102,803 (+12%) from 2016

Expenses

Up

$1,107,250

Up $100,404 (+10.0%) from 2016

Net Income

Up

-$124,861

Up $2,399 (+1.9%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$10M$5.0M$0Assets 2014: $6,713,256Liabilities 2014: $5,334,677Net Assets 2014: $1,378,5792014Assets 2015: $6,521,162Liabilities 2015: $5,245,831Net Assets 2015: $1,275,3312015Assets 2016: $6,303,240Liabilities 2016: $5,155,169Net Assets 2016: $1,148,0712016Assets 2017: $6,128,043Liabilities 2017: $5,104,833Net Assets 2017: $1,023,2102017Assets 2018: $5,905,710Liabilities 2018: $4,983,425Net Assets 2018: $922,2852018Assets 2019: $5,685,926Liabilities 2019: $4,885,968Net Assets 2019: $799,9582019Assets 2020: $5,523,716Liabilities 2020: $4,845,418Net Assets 2020: $678,2982020Assets 2021: $5,280,159Liabilities 2021: $4,696,479Net Assets 2021: $583,6802021Assets 2022: $5,041,497Liabilities 2022: $4,586,617Net Assets 2022: $454,8802022Assets 2023: $5,904,320Liabilities 2023: $5,517,679Net Assets 2023: $386,6412023Assets 2024: $8,545,818Liabilities 2024: $7,256,823Net Assets 2024: $1,288,9952024Assets 2025: $8,071,043Liabilities 2025: $6,593,300Net Assets 2025: $1,477,7432025

Highlighted filing

2017

Assets$6,128,043
Liabilities$5,104,833
Net Assets$1,023,210
Open 2017 Filing

Operations Trend

Revenue Growth75th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $1,271,820Expenses 2014: $1,052,467Net Income 2014: $219,3532014Revenue 2015: $878,007Expenses 2015: $981,255Net Income 2015: -$103,2482015Revenue 2016: $879,586Expenses 2016: $1,006,846Net Income 2016: -$127,2602016Revenue 2017: $982,389Expenses 2017: $1,107,250Net Income 2017: -$124,8612017Revenue 2018: $973,565Expenses 2018: $1,074,490Net Income 2018: -$100,9252018Revenue 2019: $935,462Expenses 2019: $1,057,789Net Income 2019: -$122,3272019Revenue 2020: $964,019Expenses 2020: $1,085,683Net Income 2020: -$121,6642020Revenue 2021: $1,009,289Expenses 2021: $1,103,907Net Income 2021: -$94,6182021Revenue 2022: $948,453Expenses 2022: $1,077,253Net Income 2022: -$128,8002022Revenue 2023: $986,938Expenses 2023: $1,055,177Net Income 2023: -$68,2392023Revenue 2024: $2,057,863Expenses 2024: $1,155,509Net Income 2024: $902,3542024Revenue 2025: $1,453,709Expenses 2025: $1,264,961Net Income 2025: $188,7482025

Highlighted filing

2017

Revenue$982,389
Expenses$1,107,250
Net Income-$124,861
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2016 to Apr 30, 2017
Signed
Aug 4, 2017
Return Version
2016v3.0
Gross Receipts
$982,389
Mission and Program Overview

Mission

Quincy water association's exempt purpose is to provide water to the residents of the quincy community and surrounding areas of monroe county, mississippi, a rural area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,012,512$5,840,441▼ $172,071
Pd in Cap Srpls Land Bldg Eqp Fund$1,865,074$1,865,074→ $0
Cash and Non-Interest-Bearing Accounts$128,318$113,294▼ $15,024
Accounts Receivable$90,567$102,350▲ $11,783
Inventories for Sale or Use$71,843$71,958▲ $115
Rtn Earn Endowment Incm Other Fnds$-717,003$-841,864▼ $124,861
Total Assets$6,303,240$6,128,043▼ $175,197
Liabilities
Other Liabilities$5,056,490$4,991,854▼ $64,636
Accounts Payable and Accrued Expenses$98,679$112,979▲ $14,300
Total Liabilities$5,155,169$5,104,833▼ $50,336
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,148,071$1,023,210▼ $124,861
Total Liabilities and Net Assets / Fund Balance$6,303,240$6,128,043▼ $175,197

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,840,441$4,219,805$10,060,246
Land$64,097-$64,097
Compensation and Service Providers
Top Officer Pay43rd percentile

Board Members and Trustees

NameTitle
Coy HillPresident
Murrell TubbDirector
Ronnie BoozerDirector
Jimmy DahlemSecretary
Arnold RichardsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$976,512
Investment Income
$5,877
Other Revenue
$0
Change in Net Assets
$-124,861

Audited Revenue Reconciliation

Revenue per Audited Statements
$982,389
Total Revenue per Audited Statements
$982,389
Total Revenue per Form 990
$982,389
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$816,067
Salaries, Compensation, and Employee Benefits$291,183
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$252,852
Other Salaries and Wages---$247,584
Interest---$162,957
All Other Expenses---$78,566
Pension Plan Contributions---$24,582
Other Expenses---$24,232
Payroll Taxes---$15,860
Fees for Services Accounting---$10,366
Other Employee Benefits---$3,157
Travel---$1,945
Conferences and Meetings---$1,894
Total Functional Expenses$0$0$0$1,107,250

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,107,250
Total Expenses per Audited Statements$1,107,250
Total Expenses per Form 990$1,107,250
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
Fha 9115$4,860,012
Current Portion of Lt Debt$100,507
Vehicle Loan$28,785
Bank First - Gen Liability Insurance$2,388
Due to State Treasurer$162
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 6

“The membership of the association elects the board of directors as directed in the by laws.”

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

“The membership of the association elects the board of directors as directed in the by laws.”

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

“The form 990 is reviewed and approved at the association's annual meeting by the members of the board of directors.”

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

“Decisions regarding compensation and benefits for all employees including the manager are made by the board of directors.”

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

“Decisions regarding compensation and benefits for all employees including the manager are made by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“All required documents are available for inspection by the public upon request at the association's office.”

Filing and Contact Details

Filer

Filer Name
Quincy Water Association
EIN
64-0604798
Phone
6622567972
Address
51620 HWY 278 E, AMORY, MS 38821

Signing Officer

Name
Coy Hill
Title
President
Phone
6622567972
Signed
2017-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Coy Hill
Formed
1967
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
7

Preparer

Firm
Nail Mckinney Professional Association
Address
PO BOX 64 204 SOUTH MAIN STREET, S AMORY, MS 38821-4218
Preparer
Rodney V Summerford CPA
Phone
6622565603
Raw XML Appendix319 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/ExplanationTxt0THE MEMBERSHIP OF THE ASSOCIATION ELECTS THE BOARD OF DIRECTORS AS DIRECTED IN THE BY LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP OF THE ASSOCIATION ELECTS THE BOARD OF DIRECTORS AS DIRECTED IN THE BY LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED AND APPROVED AT THE ASSOCIATION'S ANNUAL MEETING BY THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DECISIONS REGARDING COMPENSATION AND BENEFITS FOR ALL EMPLOYEES INCLUDING THE MANAGER ARE MADE BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DECISIONS REGARDING COMPENSATION AND BENEFITS FOR ALL EMPLOYEES INCLUDING THE MANAGER ARE MADE BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL REQUIRED DOCUMENTS ARE AVAILABLE FOR INSPECTION BY THE PUBLIC UPON REQUEST AT THE ASSOCIATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06303240
IRS990/TotalAssetsEOYAmt06128043
IRS990/TotalAssetsGrp/BOYAmt06303240
IRS990/TotalAssetsGrp/EOYAmt06128043
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01107250
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05155169
IRS990/TotalLiabilitiesEOYAmt05104833
IRS990/TotalLiabilitiesGrp/BOYAmt05155169
IRS990/TotalLiabilitiesGrp/EOYAmt05104833
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01148071
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01023210
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0-30626
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0-30626
IRS990/TotalProgramServiceRevenueAmt0976512
IRS990/TotalRevenueGrp/ExclusionAmt0298
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0982091
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0982389
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06303240
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06128043
IRS990/TravelGrp/TotalAmt01945
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt051441 HWY 278 E
IRS990/USAddress/CityNm0AMORY
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038821
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0COY HILL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06622567972
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0QUINCY WATER ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0QUIN
ReturnHeader/Filer/EIN0640604798
ReturnHeader/Filer/PhoneNum06622567972
ReturnHeader/Filer/USAddress/AddressLine1Txt051620 HWY 278 E
ReturnHeader/Filer/USAddress/CityNm0AMORY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038821
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E35DF6BA07E7315236FADD7DA24F95EF28B616FD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E35DF6BA07E7315236FADD7DA24F95EF28B616FD
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640760834
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NAIL MCKINNEY PROFESSIONAL ASSOCIATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 64 204 SOUTH MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0S AMORY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0388214218
ReturnHeader/PreparerPersonGrp/PhoneNum06622565603
ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RODNEY V SUMMERFORD CPA
ReturnHeader/ReturnTs02017-08-09T13:40:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-05-01
ReturnHeader/TaxPeriodEndDt02017-04-30
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
$6,128,043
Liabilities
$5,104,833
Net assets
$1,023,210
Revenue
$982,389
Expenses
$1,107,250
Net income
-$124,861
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.07$6.59$1.48$1.45$1.26$0.19
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.55$7.26$1.29$2.06$1.16$0.90
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.90$5.52$0.39$0.99$1.06$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.04$4.59$0.45$0.95$1.08$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.28$4.70$0.58$1.01$1.10$0.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.52$4.85$0.68$0.96$1.09$0.12
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.69$4.89$0.80$0.94$1.06$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.91$4.98$0.92$0.97$1.07$0.10
2017Detailed filing. Detailed filing data is available for this year.$6.13$5.10$1.02$0.98$1.11$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.30$5.16$1.15$0.88$1.01$0.13
2015Detailed filing. Detailed filing data is available for this year.$6.52$5.25$1.28$0.88$0.98$0.10
2014Detailed filing. Detailed filing data is available for this year.$6.71$5.33$1.38$1.27$1.05$0.22