Civic Intelligence

James Fork Regional Water District

990 • Fiscal year 2015 • EIN 71-0413650

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 16, 2016

2500 MT Zion RoadGreenwood, AR 72936

(479) 996-4296

Siviq Scores

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

Liabilities / Assets

98th percentile

0.83x

Higher debt load relative to assets than 98% of similar nonprofits.

2015 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

98th percentile

6.83x

Higher debt load relative to revenue than 98% of similar nonprofits.

2015 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2015

Net Margin

2nd percentile

-19%

Higher net margin than 2% of similar nonprofits.

2015 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

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

2015 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2015

Asset Growth

14th percentile

-1.6%

Faster asset growth than 14% of similar nonprofits.

2015 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

6.7%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Down

$29,440,990

Down $466,199 (-1.6%) from 2014

Net Assets

Down

$4,865,408

Down $1,252,199 (-20%) from 2014

Liabilities

Up

$24,575,582

Up $786,000 (+3.3%) from 2014

Revenue

Up

$3,596,150

Up $224,643 (+6.7%) from 2014

Expenses

Up

$4,269,710

Up $484,489 (+13%) from 2014

Net Income

Down

-$673,560

Down $259,846 (-63%) from 2014

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $30,525,760Liabilities 2010: $22,411,959Net Assets 2010: $8,113,8012010Assets 2011: $31,630,637Liabilities 2011: $23,430,590Net Assets 2011: $8,200,0472011Assets 2012: $30,639,880Liabilities 2012: $22,971,244Net Assets 2012: $7,668,6362012Assets 2013: $30,678,525Liabilities 2013: $24,147,204Net Assets 2013: $6,531,3212013Assets 2014: $29,907,189Liabilities 2014: $23,789,582Net Assets 2014: $6,117,6072014Assets 2015: $29,440,990Liabilities 2015: $24,575,582Net Assets 2015: $4,865,4082015Assets 2016: $28,278,797Liabilities 2016: $23,734,411Net Assets 2016: $4,544,3862016Assets 2017: $29,656,701Liabilities 2017: $24,365,982Net Assets 2017: $5,290,7192017Assets 2018: $29,965,559Liabilities 2018: $23,815,862Net Assets 2018: $6,149,6972018Assets 2019: $29,308,493Liabilities 2019: $23,053,167Net Assets 2019: $6,255,3262019Assets 2020: $27,830,276Liabilities 2020: $22,367,148Net Assets 2020: $5,463,1282020Assets 2021: $26,781,468Liabilities 2021: $21,535,132Net Assets 2021: $5,246,3362021Assets 2022: $25,999,564Liabilities 2022: $20,912,589Net Assets 2022: $5,086,9752022

Highlighted filing

2015

Assets$29,440,990
Liabilities$24,575,582
Net Assets$4,865,408

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,242,8582010Expenses 2011: $3,506,2152011Expenses 2012: $3,821,2242012Revenue 2013: $3,209,223Expenses 2013: $4,346,538Net Income 2013: -$1,137,3152013Revenue 2014: $3,371,507Expenses 2014: $3,785,221Net Income 2014: -$413,7142014Revenue 2015: $3,596,150Expenses 2015: $4,269,710Net Income 2015: -$673,5602015Revenue 2016: $3,915,017Expenses 2016: $4,236,039Net Income 2016: -$321,0222016Revenue 2017: $4,432,029Expenses 2017: $3,685,696Net Income 2017: $746,3332017Revenue 2018: $4,517,562Expenses 2018: $3,658,584Net Income 2018: $858,9782018Revenue 2019: $3,843,777Expenses 2019: $3,738,148Net Income 2019: $105,6292019Revenue 2020: $3,504,834Expenses 2020: $4,152,034Net Income 2020: -$647,2002020Revenue 2021: $3,609,645Expenses 2021: $3,948,719Net Income 2021: -$339,0742021Revenue 2022: $3,881,820Expenses 2022: $4,041,181Net Income 2022: -$159,3612022

Highlighted filing

2015

Revenue$3,596,150
Expenses$4,269,710
Net Income-$673,560
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 16, 2016
Return Version
2015v2.1
Gross Receipts
$3,596,150
Mission and Program Overview

Mission

Sales of water to residents in south sebastian and portion of scott county arkansas.

Provide water to residents in south sebastian and portions of scott county arkansas

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$25,406,381$24,547,292▼ $859,089
Rtn Earn Endowment Incm Other Fnds$6,117,607$4,865,408▼ $1,252,199
Investments Other Securities$1,497,806$1,473,912▼ $23,894
Intangible Assets$1,370,765$1,450,433▲ $79,668
Savings and Temporary Cash Investments$1,217,974$1,161,968▼ $56,006
Cash and Non-Interest-Bearing Accounts$110,442$319,184▲ $208,742
Accounts Receivable$271,267$274,018▲ $2,751
Prepaid Expenses and Deferred Charges$32,554$32,642▲ $88
Total Assets$29,907,189$29,440,990▼ $466,199
Other Assets Total-$181,541-
Liabilities
Tax Exempt Bond Liabilities$17,770,000$17,965,000▲ $195,000
Mortgage Notes Payable Secured by Investment Property$5,332,589$5,257,374▼ $75,215
Other Liabilities$260,521$797,181▲ $536,660
Deferred Revenue$319,020$456,264▲ $137,244
Accounts Payable and Accrued Expenses$107,452$99,763▼ $7,689
Total Liabilities$23,789,582$24,575,582▲ $786,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,117,607$4,865,408▼ $1,252,199
Total Liabilities and Net Assets / Fund Balance$29,907,189$29,440,990▼ $466,199

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$23,464,001$14,931,440$38,395,441
Equipment$202,205$1,297,037$1,499,242
Land$657,742-$657,742
Buildings$223,344$191,864$415,208
Other Securities$1,473,912--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Terry DuboiseChairman
Dr Steve RobertsDirector
Jim LeeDirector
Shirley WaltersDirector
Stanhope WilkinsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,344,687
Investment Income
$25,842
Other Revenue
$225,621
Change in Net Assets
$-673,560

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,596,150
Total Revenue per Audited Statements
$3,596,150
Total Revenue per Form 990
$3,596,150
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,547,665
Salaries, Compensation, and Employee Benefits$722,045
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,049,613--$1,049,613
Interest$948,072--$948,072
Other Salaries and Wages$649,601--$649,601
All Other Expenses$193,622--$193,622
Insurance$168,538--$168,538
Other Expenses$78,741--$78,741
Fees for Services Other$65,634--$65,634
Payroll Taxes$55,870--$55,870
Information Technology$23,528--$23,528
Pension Plan Contributions$16,574--$16,574
Office Expenses$10,395--$10,395
Travel$4,372--$4,372
Advertising$342--$342
Total Functional Expenses$4,269,710$0$0$4,269,710

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,269,710
Total Expenses per Audited Statements$4,269,710
Total Expenses per Form 990$4,269,710
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
Net Pension Liability$531,999
Meter Deposits$265,182

Bond Issues

BondIssuerIssuedIssue PricePurpose
BRefunding Series 20152015-03-30$11,900,000Advance refund the 2010 bond issue
ARefunding Series 20132013-04-30$6,580,000Advance payoff of rural development and anrc loans

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$11,900,000-$11,460,000$437,709
A$6,580,000-$6,130,157$237,343

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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

Prior to submission, the form 990 was reviewed by the board.

Form 990, Page 6, Part VI, Line 12C

Board members are required to disclose any potential conflicts of interest.

Form 990, Page 6, Part VI, Line 19

A copy of the form 990 is located at their office and is available for ins pection upon request.

Filing and Contact Details

Filer

Filer Name
James Fork Regional Water District
EIN
71-0413650
Phone
4799964296
Address
2500 MT ZION ROAD, GREENWOOD, AR 72936

Signing Officer

Name
Terry Duboise
Title
Chairman
Phone
4799964296
Signed
2016-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Duboise
Formed
1967
Legal Domicile
Ar
Voting Board Members
5
Independent Board Members
5
Employees
17

Preparer

Firm
Przybysz & Associates Cpas Pc
Address
4200 JENNY LIND RD STE B, FORT SMITH, AR 72901
Preparer
Marc Lux CPA
Phone
4796490888
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02013-04-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12015-03-30
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt06580000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt111900000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0REFUNDING SERIES 2013
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1REFUNDING SERIES 2015
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0ADVANCE PAYOFF OF RURAL DEVELOPMENT AND ANRC LOANS
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1ADVANCE REFUND THE 2010 BOND ISSUE
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd1false
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0237343
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt1437709
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt06130157
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt111460000
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt111900000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO SUBMISSION, THE FORM 990 WAS REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 IS LOCATED AT THEIR OFFICE AND IS AVAILABLE FOR INS PECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt017770000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt017965000
IRS990/TaxExemptBondsInd0true
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt017
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04269710
IRS990/TotalFunctionalExpensesGrp/TotalAmt04269710
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023789582
IRS990/TotalLiabilitiesEOYAmt024575582
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04865408
IRS990/TotalProgramServiceExpensesAmt04269710
IRS990/TotalProgramServiceRevenueAmt03344687
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03570308
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03596150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt029907189
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029440990
IRS990/TravelGrp/ProgramServicesAmt04372
IRS990/TravelGrp/TotalAmt04372
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04900 SCOTTS WAY
IRS990/USAddress/CityNm0HACKETT
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072937
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.JAMESFORKWATER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY DUBOISE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04799964296
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JAMES FORK REGIONAL WATER DISTRICT
ReturnHeader/Filer/BusinessNameControlTxt0JAME
ReturnHeader/Filer/EIN0710413650
ReturnHeader/Filer/PhoneNum04799964296
ReturnHeader/Filer/USAddress/AddressLine1Txt02500 MT ZION ROAD
ReturnHeader/Filer/USAddress/CityNm0GREENWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072936
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202759879
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRZYBYSZ & ASSOCIATES CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04200 JENNY LIND RD STE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT SMITH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072901
ReturnHeader/PreparerPersonGrp/PhoneNum04796490888

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$26.0$20.9$5.09$3.88$4.04$0.16
2021Detailed filing. Detailed filing data is available for this year.$26.8$21.5$5.25$3.61$3.95$0.34
2020Detailed filing. Detailed filing data is available for this year.$27.8$22.4$5.46$3.50$4.15$0.65
2019Detailed filing. Detailed filing data is available for this year.$29.3$23.1$6.26$3.84$3.74$0.11
2018Detailed filing. Detailed filing data is available for this year.$30.0$23.8$6.15$4.52$3.66$0.86
2017Detailed filing. Detailed filing data is available for this year.$29.7$24.4$5.29$4.43$3.69$0.75
2016Detailed filing. Detailed filing data is available for this year.$28.3$23.7$4.54$3.92$4.24$0.32
2015Detailed filing. Detailed filing data is available for this year.$29.4$24.6$4.87$3.60$4.27$0.67
2014Detailed filing. Detailed filing data is available for this year.$29.9$23.8$6.12$3.37$3.79$0.41
2013Detailed filing. Detailed filing data is available for this year.$30.7$24.1$6.53$3.21$4.35$1.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.6$23.0$7.67$3.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.6$23.4$8.20$3.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.5$22.4$8.11$3.24