Civic Intelligence

Magnolia Water Association Inc

EIN 64-0621406 • 501(c)12 • Perkinston, MS

Profile

To provide affordable drinking water.

PO Box 505Perkinston, MS 39573
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

1.20x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

1.70x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Net Margin

27th percentile

-8.2%

Higher net margin than 27% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

86th percentile

$12,219

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Asset Growth

13th percentile

-8.4%

Faster asset growth than 13% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

5.3%

Faster revenue growth than 57% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$613,569

Down $56,312 (-8.4%) from 2023

Liabilities

Down

$738,828

Down $20,647 (-2.7%) from 2023

Net Assets

Down

-$125,259

Down $35,665 (-40%) from 2023

Operations
Liabilities / Revenue83rd percentileNet Margin27th percentile

Revenue

Up

$434,432

Up $22,050 (+5.3%) from 2023

Expenses

Down

$470,097

Down $2,203 (-0.5%) from 2023

Net Income

Up

-$35,665

Up $24,253 (+40%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth13th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500KAssets 2011: $1,312,030Liabilities 2011: $1,069,191Net Assets 2011: $242,8392011Assets 2012: $1,263,727Liabilities 2012: $1,044,926Net Assets 2012: $218,8012012Assets 2013: $1,180,574Liabilities 2013: $1,016,759Net Assets 2013: $163,8152013Assets 2014: $1,129,347Liabilities 2014: $987,332Net Assets 2014: $142,0152014Assets 2015: $1,119,948Liabilities 2015: $958,859Net Assets 2015: $161,0892015Assets 2016: $1,013,363Liabilities 2016: $868,013Net Assets 2016: $145,3502016Assets 2017: $1,017,019Liabilities 2017: $852,648Net Assets 2017: $164,3712017Assets 2018: $976,893Liabilities 2018: $837,069Net Assets 2018: $139,8242018Assets 2019: $880,019Liabilities 2019: $824,137Net Assets 2019: $55,8822019Assets 2020: $836,676Liabilities 2020: $806,399Net Assets 2020: $30,2772020Assets 2021: $822,969Liabilities 2021: $788,490Net Assets 2021: $34,4792021Assets 2022: $746,666Liabilities 2022: $776,422Net Assets 2022: -$29,7562022Assets 2023: $669,881Liabilities 2023: $759,475Net Assets 2023: -$89,5942023Assets 2024: $613,569Liabilities 2024: $738,828Net Assets 2024: -$125,2592024

Highlighted filing

2024

Assets$613,569
Liabilities$738,828
Net Assets-$125,259
Open 2024 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $278,353Expenses 2011: $351,737Net Income 2011: -$73,3842011Revenue 2012: $283,994Expenses 2012: $308,032Net Income 2012: -$24,0382012Revenue 2013: $272,110Expenses 2013: $327,094Net Income 2013: -$54,9842013Revenue 2014: $290,034Expenses 2014: $311,834Net Income 2014: -$21,8002014Revenue 2015: $294,256Expenses 2015: $275,182Net Income 2015: $19,0742015Revenue 2016: $295,067Expenses 2016: $310,806Net Income 2016: -$15,7392016Revenue 2017: $285,302Expenses 2017: $266,281Net Income 2017: $19,0212017Revenue 2018: $321,757Expenses 2018: $346,304Net Income 2018: -$24,5472018Revenue 2019: $321,393Expenses 2019: $405,335Net Income 2019: -$83,9422019Revenue 2020: $336,858Expenses 2020: $362,546Net Income 2020: -$25,6882020Revenue 2021: $360,168Expenses 2021: $355,966Net Income 2021: $4,2022021Revenue 2022: $377,730Expenses 2022: $441,965Net Income 2022: -$64,2352022Revenue 2023: $412,382Expenses 2023: $472,300Net Income 2023: -$59,9182023Revenue 2024: $434,432Expenses 2024: $470,097Net Income 2024: -$35,6652024

Highlighted filing

2024

Revenue$434,432
Expenses$470,097
Net Income-$35,665
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$613,569
Liabilities
$738,828
Net assets
-$125,259
Revenue
$434,432
Expenses
$470,097
Net income
-$35,665
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.61$0.74$0.13$0.43$0.47$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.67$0.76$0.09$0.41$0.47$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.75$0.78$0.03$0.38$0.44$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.82$0.79$0.03$0.36$0.36$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.84$0.81$0.03$0.34$0.36$0.03
2019Summary only. Only limited summary data is available for this year.$0.88$0.82$0.06$0.32$0.41$0.08
2018Summary only. Only limited summary data is available for this year.$0.98$0.84$0.14$0.32$0.35$0.02
2017Summary only. Only limited summary data is available for this year.$1.02$0.85$0.16$0.29$0.27$0.02
2016Summary only. Only limited summary data is available for this year.$1.01$0.87$0.15$0.30$0.31$0.02
2015Summary only. Only limited summary data is available for this year.$1.12$0.96$0.16$0.29$0.28$0.02
2014Summary only. Only limited summary data is available for this year.$1.13$0.99$0.14$0.29$0.31$0.02
2013Summary only. Only limited summary data is available for this year.$1.18$1.02$0.16$0.27$0.33$0.05
2012Summary only. Only limited summary data is available for this year.$1.26$1.04$0.22$0.28$0.31$0.02
2011Summary only. Only limited summary data is available for this year.$1.31$1.07$0.24$0.28$0.35$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 8, 2025
Return Version
2024v5.1
Gross Receipts
$434,432
Mission and Program Overview

Mission

To provide affordable drinking water.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$498,832$498,832→ $0
Land, Buildings, and Equipment, Net$372,395$304,961▼ $67,434
Savings and Temporary Cash Investments$153,882$159,145▲ $5,263
Accounts Receivable$104,117$106,559▲ $2,442
Cash and Non-Interest-Bearing Accounts$39,487$42,904▲ $3,417
Cap Stk Tr Prin Current Funds$12,609$12,609→ $0
Rtn Earn Endowment Incm Other Fnds$-601,035$-636,700▼ $35,665
Total Assets$669,881$613,569▼ $56,312
Liabilities
Mortgage Notes Payable Secured by Investment Property$736,428$715,680▼ $20,748
Accounts Payable and Accrued Expenses$22,790$22,790→ $0
Other Liabilities$257$358▲ $101
Total Liabilities$759,475$738,828▼ $20,647
Net Assets / Fund Balance
Total Net Assets Fund Balance$-89,594$-125,259▼ $35,665
Total Liabilities and Net Assets / Fund Balance$669,881$613,569▼ $56,312

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$289,224$1,630,255$1,919,479
Equipment$6,697$248,762$255,459
Buildings$4,294$7,541$11,835
Land$4,746-$4,746
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Virgil LadnerDirector-$12,219$12,219
Mike WilsonPresidentPT$11,700$11,700

Board Members and Trustees

NameTitle
Willie Rolkosky IiiVice President
Don PicoloDirector
Jeffrey J DodgeSecretary Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$429,170
Investment Income
$5,262
Other Revenue
$0
Change in Net Assets
$-35,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$470,097
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$68,063--$68,063
Fees for Services Management$44,300--$44,300
Interest$32,760--$32,760
Occupancy$30,180--$30,180
All Other Expenses$21,578--$21,578
Fees for Services Accounting$11,700--$11,700
Insurance$11,205--$11,205
Fees for Services Legal$8,893--$8,893
Other Expenses$1,779--$1,779
Office Expenses$1,353--$1,353
Advertising$192--$192
Total Functional Expenses$470,097$0$0$470,097
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
Sales Tax Payable$358
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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 governing body review Part VI line 11

“We hire an accountant to prepare the return.”

Governing documents etc available to public Part VI line 19

“Copies are made available when requests are made to the board of directors.”

Filing and Contact Details

Filer

Filer Name
Magnolia Water Association Inc
EIN
64-0621406
In Care Of
% MICHAEL WILSON
Phone
6017165590
Address
PO BOX 505, Perkinston, MS 39573

Signing Officer

Name
Michael Wilson
Title
President
Phone
2286691185
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Formed
1975
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Clark Byrd Tax Service
Address
56 Pine Avenue, Mc Henry, MS 39561
Preparer
Clark Byrd
Phone
6017166573
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Increase In Membership Equity”

List of other expenses Part IX line 24E

“Meter reading and service 4800.00water bill collector 8500.00supplies 311.51dues and subscriptions 390.00telephone 776.20water quality analysis fees 2433.25property tax 42.77meals and enterainment 184.46website 543.53ccr report 150.00automobile expense 536.81 continuing education 275.00 pump test 900.00secretary of state 158.75cut on/cut off 1500.00water test fees 76.00”

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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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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0429170
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0412111
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0377513
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0360018
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0336659
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01915471
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05262
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0271
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0217
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0150
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0199
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06099
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/PublicSupportCY509Pct00.99680
IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal509Amt01915471
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0429170
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0412111
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0377513
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0360018
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0336659
IRS990ScheduleA/Total509Grp/TotalAmt01915471
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0434432
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0412382
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0377730
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0360168
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0336858
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01921570
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04294
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07541
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011835
IRS990ScheduleD/EquipmentGrp/BookValueAmt06697
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0248762
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0255459
IRS990ScheduleD/LandGrp/BookValueAmt04746
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04746
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0289224
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01630255
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01919479
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0358
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0304961
IRS990ScheduleD/TotalLiabilityAmt0358
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE HIRE AN ACCOUNTANT TO PREPARE THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES ARE MADE AVAILABLE WHEN REQUESTS ARE MADE TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Increase In Membership Equity
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3METER READING AND SERVICE 4800.00WATER BILL COLLECTOR 8500.00SUPPLIES 311.51DUES AND SUBSCRIPTIONS 390.00TELEPHONE 776.20WATER QUALITY ANALYSIS FEES 2433.25PROPERTY TAX 42.77MEALS AND ENTERAINMENT 184.46WEBSITE 543.53CCR REPORT 150.00AUTOMOBILE EXPENSE 536.81 CONTINUING EDUCATION 275.00 PUMP TEST 900.00SECRETARY OF STATE 158.75CUT ON/CUT OFF 1500.00WATER TEST FEES 76.00
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other expenses Part IX line 24e
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0613569
IRS990/TotalAssetsGrp/BOYAmt0669881
IRS990/TotalAssetsGrp/EOYAmt0613569
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0470097
IRS990/TotalFunctionalExpensesGrp/TotalAmt0470097
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0759475
IRS990/TotalLiabilitiesEOYAmt0738828
IRS990/TotalLiabilitiesGrp/BOYAmt0759475
IRS990/TotalLiabilitiesGrp/EOYAmt0738828
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-89594
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-125259
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0470097
IRS990/TotalProgramServiceRevenueAmt0429170
IRS990/TotalReportableCompFromOrgAmt023919
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0434432
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0434432
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0669881
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0613569
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL WILSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02286691185
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAGNOLIA WATER ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MAGN
ReturnHeader/Filer/EIN0640621406
ReturnHeader/Filer/InCareOfNm0% MICHAEL WILSON
ReturnHeader/Filer/PhoneNum06017165590
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 505
ReturnHeader/Filer/USAddress/CityNm0Perkinston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039573
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0432114294
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Clark Byrd Tax Service
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt056 Pine Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mc Henry
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039561
ReturnHeader/PreparerPersonGrp/PhoneNum06017166573
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CLARK BYRD
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-08T17:51:27-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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