Civic Intelligence

James Fork Regional Water District

990 • Fiscal year 2020 • EIN 71-0413650

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 22, 2021

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

99th percentile

0.80x

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

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

6.38x

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

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Net Margin

3rd percentile

-18%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

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

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Asset Growth

1st percentile

-5.0%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-8.8%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Down

$27,830,276

Down $1,478,217 (-5.0%) from 2019

Net Assets

Down

$5,463,128

Down $792,198 (-13%) from 2019

Liabilities

Down

$22,367,148

Down $686,019 (-3.0%) from 2019

Revenue

Down

$3,504,834

Down $338,943 (-8.8%) from 2019

Expenses

Up

$4,152,034

Up $413,886 (+11%) from 2019

Net Income

Down

-$647,200

Down $752,829 (-713%) from 2019

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

2020

Assets$27,830,276
Liabilities$22,367,148
Net Assets$5,463,128

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

2020

Revenue$3,504,834
Expenses$4,152,034
Net Income-$647,200
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 22, 2021
Return Version
2020v4.0
Gross Receipts
$3,504,834
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$24,478,369$23,489,753▼ $988,616
Rtn Earn Endowment Incm Other Fnds$6,255,326$5,463,128▼ $792,198
Savings and Temporary Cash Investments$1,587,973$1,579,153▼ $8,820
Intangible Assets$1,221,901$1,138,701▼ $83,200
Investments Other Securities$971,097$666,911▼ $304,186
Accounts Receivable$332,078$350,476▲ $18,398
Cash and Non-Interest-Bearing Accounts$435,008$309,978▼ $125,030
Prepaid Expenses and Deferred Charges$32,627$84,875▲ $52,248
Total Assets$29,308,493$27,830,276▼ $1,478,217
Other Assets Total$249,440$210,429▼ $39,011
Liabilities
Tax Exempt Bond Liabilities$15,780,000$19,710,000▲ $3,930,000
Other Liabilities$1,016,988$1,265,275▲ $248,287
Mortgage Notes Payable Secured by Investment Property$6,035,929$1,257,801▼ $4,778,128
Accounts Payable and Accrued Expenses$108,809$96,172▼ $12,637
Deferred Revenue$111,441$37,900▼ $73,541
Total Liabilities$23,053,167$22,367,148▼ $686,019
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,255,326$5,463,128▼ $792,198
Total Liabilities and Net Assets / Fund Balance$29,308,493$27,830,276▼ $1,478,217

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$22,402,054$19,881,999$42,284,053
Equipment$262,608$1,317,572$1,580,180
Land$657,742-$657,742
Buildings$167,349$256,934$424,283
Compensation and Service Providers

Board Members and Trustees

NameTitle
Terry DuboiseChairman
Dr Steve RobertsDirector
Gene WahlDirector
Shirley WaltersDirector
Stanhope WilkinsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,394,693
Investment Income
$19,036
Other Revenue
$91,105
Change in Net Assets
$-647,200

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,504,834
Total Revenue per Audited Statements
$3,504,834
Total Revenue per Form 990
$3,504,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,227,343
Salaries, Compensation, and Employee Benefits$924,691
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,119,676--$1,119,676
Interest$793,965--$793,965
Other Salaries and Wages$702,116--$702,116
Insurance$233,322--$233,322
All Other Expenses$195,316--$195,316
Pension Plan Contributions$169,923--$169,923
Other Expenses$161,897--$161,897
Payroll Taxes$52,652--$52,652
Fees for Services Other$26,376--$26,376
Information Technology$13,254--$13,254
Office Expenses$11,887--$11,887
Total Functional Expenses$4,152,034$0$0$4,152,034

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,152,034
Total Expenses per Audited Statements$4,152,034
Total Expenses per Form 990$4,152,034
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$989,202
Meter Deposits$276,073

Bond Issues

BondIssuerIssuedIssue PricePurpose
ARefunding Series 20152015-03-30$11,900,000Advance refund the 2010 bond issue
BRefunding Series 2020a2020-12-02$9,565,000Advance refund the 2013 bond issue and early payoff 5 rural development loans.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$11,900,000-$11,460,000$437,709
B$9,565,000-$5,055,000$162,324

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
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
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
2021-06-22
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
16

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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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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IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0REFUNDING SERIES 2015 ADVANCE REFUND THE 2010 BOND ISSUE
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1REFUNDING SERIES 2020A ADVANCE REFUND THE 2013 BOND ISSUE AND EARLY PAYOFF 5 RURAL DEVELOPMENT LOANS.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd1false
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd1false
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd1false
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd1false
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-03-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12020-12-02
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt011900000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt19565000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0REFUNDING SERIES 2015
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1REFUNDING SERIES 2020A
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0ADVANCE REFUND THE 2010 BOND ISSUE
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1ADVANCE REFUND THE 2013 BOND ISSUE AND EARLY PAYOFF 5 RURAL DEVELOPMENT LOANS.
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd1false
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0437709
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt1162324
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt011460000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt15055000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt011900000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt19565000
IRS990/ScheduleORequiredInd0true
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt015780000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt019710000
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt029308493
IRS990/TotalAssetsEOYAmt027830276
IRS990/TotalAssetsGrp/BOYAmt029308493
IRS990/TotalAssetsGrp/EOYAmt027830276
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IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04152034
IRS990/TotalFunctionalExpensesGrp/TotalAmt04152034
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023053167
IRS990/TotalLiabilitiesEOYAmt022367148
IRS990/TotalLiabilitiesGrp/BOYAmt023053167
IRS990/TotalLiabilitiesGrp/EOYAmt022367148
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06255326
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05463128
IRS990/TotalProgramServiceExpensesAmt04152034
IRS990/TotalProgramServiceRevenueAmt03394693
IRS990/TotalRevenueGrp/ExclusionAmt019036
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03485798
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03504834
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt029308493
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027830276
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY DUBOISE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04799964296
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-22
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/PreparerFirmName/BusinessNameLine1Txt0PRZYBYSZ & ASSOCIATES CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04200 JENNY LIND RD STE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT SMITH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR

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