Civic Intelligence

Thorn Water Association Inc

990 • Fiscal year 2016 • EIN 64-0623713

Jul 01, 2015 to Jun 30, 2016 • Filed on Jul 05, 2016

Organization Profile
901 Cr 424Houston, MS 38851

(662) 456-3334

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.05x

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

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

31st percentile

0.35x

Higher debt load relative to revenue than 31% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

Net Margin

84th percentile

22%

Higher net margin than 84% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

62nd percentile

$0

Higher top officer pay than 62% of similar nonprofits.

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

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

Asset Growth

72nd percentile

2.7%

Faster asset growth than 72% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

38th percentile

0.3%

Faster revenue growth than 38% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$1,144,329

Up $30,556 (+2.7%) from 2015

Net Assets

Up

$1,091,648

Up $33,375 (+3.2%) from 2015

Liabilities

Down

$52,681

Down $2,819 (-5.1%) from 2015

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin84th percentile

Revenue

Up

$152,110

Up $520 (+0.3%) from 2015

Expenses

Down

$119,184

Down $33,483 (-22%) from 2015

Net Income

Up

$32,926

Up $34,003 (+3157%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,032,927Liabilities 2012: $70,254Net Assets 2012: $962,6732012Assets 2013: $1,077,442Liabilities 2013: $64,850Net Assets 2013: $1,012,5922013Assets 2014: $1,119,362Liabilities 2014: $60,493Net Assets 2014: $1,058,8692014Assets 2015: $1,113,773Liabilities 2015: $55,500Net Assets 2015: $1,058,2732015Assets 2016: $1,144,329Liabilities 2016: $52,681Net Assets 2016: $1,091,6482016Assets 2017: $1,193,244Liabilities 2017: $46,606Net Assets 2017: $1,146,6382017Assets 2018: $1,242,915Liabilities 2018: $41,992Net Assets 2018: $1,200,9232018Assets 2019: $1,299,739Liabilities 2019: $37,300Net Assets 2019: $1,262,4392019Assets 2020: $1,238,873Liabilities 2020: $32,696Net Assets 2020: $1,206,1772020Assets 2021: $1,298,402Liabilities 2021: $28,024Net Assets 2021: $1,270,3782021Assets 2022: $1,323,994Liabilities 2022: $28,793Net Assets 2022: $1,295,2012022Assets 2023: $1,435,571Liabilities 2023: $29,216Net Assets 2023: $1,406,3552023Assets 2024: $1,544,495Liabilities 2024: $29,968Net Assets 2024: $1,514,5272024Assets 2025: $1,767,242Liabilities 2025: $30,527Net Assets 2025: $1,736,7152025

Highlighted filing

2016

Assets$1,144,329
Liabilities$52,681
Net Assets$1,091,648
Open 2016 Filing

Operations Trend

Revenue Growth38th percentile

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

$400K$200K$0-$200KExpenses 2012: $106,9732012Expenses 2013: $103,1952013Revenue 2014: $151,986Expenses 2014: $106,139Net Income 2014: $45,8472014Revenue 2015: $151,590Expenses 2015: $152,667Net Income 2015: -$1,0772015Revenue 2016: $152,110Expenses 2016: $119,184Net Income 2016: $32,9262016Revenue 2017: $166,397Expenses 2017: $113,957Net Income 2017: $52,4402017Revenue 2018: $158,874Expenses 2018: $105,008Net Income 2018: $53,8662018Revenue 2019: $163,240Expenses 2019: $102,084Net Income 2019: $61,1562019Revenue 2020: $182,108Expenses 2020: $238,721Net Income 2020: -$56,6132020Revenue 2021: $182,081Expenses 2021: $118,269Net Income 2021: $63,8122021Revenue 2022: $193,284Expenses 2022: $168,691Net Income 2022: $24,5932022Revenue 2023: $237,439Expenses 2023: $126,624Net Income 2023: $110,8152023Revenue 2024: $304,550Expenses 2024: $196,689Net Income 2024: $107,8612024Revenue 2025: $379,388Expenses 2025: $157,470Net Income 2025: $221,9182025

Highlighted filing

2016

Revenue$152,110
Expenses$119,184
Net Income$32,926
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jul 5, 2016
Return Version
2015v2.1
Gross Receipts
$152,110
Mission and Program Overview

Mission

Provide water to rural homeowners farms and businesses

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,042,112$1,075,037▲ $32,925
Land, Buildings, and Equipment, Net$705,123$666,431▼ $38,692
Cash and Non-Interest-Bearing Accounts$395,314$464,636▲ $69,322
Cap Stk Tr Prin Current Funds$16,161$16,611▲ $450
Accounts Receivable$12,116$11,418▼ $698
Prepaid Expenses and Deferred Charges$1,170$1,794▲ $624
Total Assets$1,113,773$1,144,329▲ $30,556
Other Assets Total$50$50→ $0
Liabilities
Deferred Revenue$30,493$25,411▼ $5,082
Other Liabilities$22,599$23,362▲ $763
Accounts Payable and Accrued Expenses$2,408$3,908▲ $1,500
Total Liabilities$55,500$52,681▼ $2,819
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,058,273$1,091,648▲ $33,375
Total Liabilities and Net Assets / Fund Balance$1,113,773$1,144,329▲ $30,556

Asset Categories

AssetBook ValueDepreciationBasis
Land$7,879--
Equipment$658,552$895,222-
Other Assets Org$50--
Compensation and Service Providers
Top Officer Pay62nd percentile

Board Members and Trustees

NameTitle
Steve PettitPresident
Casey MossDirector
Eddie WiggsDirector
Joey FergusonSecretary
Mike LangleyVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$145,680
Investment Income
$1,348
Other Revenue
$5,082
Change in Net Assets
$32,926
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$118,934
Salaries, Compensation, and Employee Benefits$250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$38,692--$38,692
Fees for Services Management$22,329--$22,329
Occupancy$16,066--$16,066
Office Expenses$3,559--$3,559
Insurance$2,394--$2,394
Conferences and Meetings$2,291--$2,291
Fees for Services Accounting$845--$845
Other Expenses$548--$548
Current Officers, Directors, Trustees, and Key Employees$250--$250
Total Functional Expenses$119,184$0$0$119,184
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 Meter Deposits$23,362
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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

Members or stockholder classes and rights Part VI line 6

“Members pay a membership fee when they make their first meter deposit each member has one vote in membership meetings and elect the board of directors at the annual meeting. The association is organized as a non profit corporation.”

Member election for additional members Part VI line 7A

“Each customer wishing to have a membership must pay a membership fee when the first meter deposit is paid. Only members can obtain water service”

Form 990 governing body review Part VI line 11

“The board reviewed form 990 at its annual meeting.”

Governing documents etc available to public Part VI line 19

“All documents are available to the public at it office”

Filing and Contact Details

Filer

Filer Name
Thorn Water Association Inc
EIN
64-0623713
Address
901 CR 424, HOUSTON, MS 38851

Signing Officer

Name
Steve Pettit
Title
President
Phone
6624563334
Signed
2016-07-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Pettit
Formed
1981
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
W Keith Pounds Ltd
Address
444 EAST MADISON STREET, Houston, MS 38851
Preparer
W Keith Pounds CPA
Phone
6624563334
Supplemental Narrative

Additional Explanations

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

“Membership fees collected 450rounding -1”

Raw XML Appendix329 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/ExplanationTxt0MEMBERS PAY A MEMBERSHIP FEE WHEN THEY MAKE THEIR FIRST METER DEPOSIT EACH MEMBER HAS ONE VOTE IN MEMBERSHIP MEETINGS AND ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. THE ASSOCIATION IS ORGANIZED AS A NON PROFIT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH CUSTOMER WISHING TO HAVE A MEMBERSHIP MUST PAY A MEMBERSHIP FEE WHEN THE FIRST METER DEPOSIT IS PAID. ONLY MEMBERS CAN OBTAIN WATER SERVICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWED FORM 990 AT ITS ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC AT IT OFFICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERSHIP FEES COLLECTED 450ROUNDING -1
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/TotalLiabilitiesGrp/EOYAmt052681
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01058273
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01091648
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0119184
IRS990/TotalProgramServiceRevenueAmt0145680
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0152110
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0152110
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01113773
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01144329
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0485 CR 55
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038851
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE PETTIT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06624563334
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THORN WATER ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0THOR
ReturnHeader/Filer/EIN0640623713
ReturnHeader/Filer/USAddress/AddressLine1Txt0901 CR 424
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038851
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640754872
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0W KEITH POUNDS LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0444 EAST MADISON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Houston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038851
ReturnHeader/PreparerPersonGrp/PhoneNum06624563334
ReturnHeader/PreparerPersonGrp/PreparationDt02016-07-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0W KEITH POUNDS CPA
ReturnHeader/ReturnTs02016-07-05T15:59:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,144,329
Liabilities
$52,681
Net assets
$1,091,648
Revenue
$152,110
Expenses
$119,184
Net income
$32,926
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.03$1.74$0.38$0.16$0.22
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.03$1.51$0.30$0.20$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.03$1.41$0.24$0.13$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.03$1.30$0.19$0.17$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.03$1.27$0.18$0.12$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.03$1.21$0.18$0.24$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.04$1.26$0.16$0.10$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.04$1.20$0.16$0.11$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.05$1.15$0.17$0.11$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.14$0.05$1.09$0.15$0.12$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.06$1.06$0.15$0.15$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.12$0.06$1.06$0.15$0.11$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.06$1.01$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.07$0.96$0.11