Civic Intelligence

Mount Olive Water Association

990 • Fiscal year 2023 • EIN 71-0567766

Mar 01, 2022 to Feb 28, 2023 • Filed on Sep 07, 2023

PO Box 326Elkins, AR 72727-0326

(479) 643-2324

Siviq Scores

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

Liabilities / Assets

51st percentile

0.35x

Higher debt load relative to assets than 51% of similar nonprofits.

2023 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

33rd percentile

0.79x

Higher debt load relative to revenue than 33% of similar nonprofits.

2023 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2023

Net Margin

97th percentile

61%

Higher net margin than 97% of similar nonprofits.

2023 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

29th percentile

$0

Higher top officer pay than 29% of similar nonprofits.

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

2023 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2023

Asset Growth

98th percentile

82%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

99th percentile

196%

Faster revenue growth than 99% of similar nonprofits.

2023 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$12,279,032

Up $5,537,013 (+82%) from 2022

Net Assets

Up

$7,987,764

Up $3,306,338 (+71%) from 2022

Liabilities

Up

$4,291,268

Up $2,230,675 (+108%) from 2022

Revenue

Up

$5,404,232

Up $3,579,195 (+196%) from 2022

Expenses

Up

$2,097,894

Up $307,564 (+17%) from 2022

Net Income

Up

$3,306,338

Up $3,271,631 (+9426%) from 2022

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $7,596,027Liabilities 2010: $3,174,432Net Assets 2010: $4,421,5952010Assets 2011: $7,464,297Liabilities 2011: $3,203,885Net Assets 2011: $4,260,4122011Assets 2012: $7,160,289Liabilities 2012: $3,219,336Net Assets 2012: $3,940,9532012Assets 2013: $7,010,698Liabilities 2013: $3,106,136Net Assets 2013: $3,904,5622013Assets 2014: $7,205,193Liabilities 2014: $3,027,994Net Assets 2014: $4,177,1992014Assets 2015: $7,166,709Liabilities 2015: $2,867,797Net Assets 2015: $4,298,9122015Assets 2016: $6,998,988Liabilities 2016: $2,786,512Net Assets 2016: $4,212,4762016Assets 2017: $6,928,902Liabilities 2017: $2,641,517Net Assets 2017: $4,287,3852017Assets 2018: $6,883,981Liabilities 2018: $2,524,394Net Assets 2018: $4,359,5872018Assets 2019: $7,240,747Liabilities 2019: $2,386,448Net Assets 2019: $4,854,2992019Assets 2020: $6,910,003Liabilities 2020: $2,251,962Net Assets 2020: $4,658,0412020Assets 2021: $6,783,390Liabilities 2021: $2,136,671Net Assets 2021: $4,646,7192021Assets 2022: $6,742,019Liabilities 2022: $2,060,593Net Assets 2022: $4,681,4262022Assets 2023: $12,279,032Liabilities 2023: $4,291,268Net Assets 2023: $7,987,7642023Assets 2024: $15,167,022Liabilities 2024: $4,096,587Net Assets 2024: $11,070,4352024Assets 2025: $16,585,523Liabilities 2025: $3,743,898Net Assets 2025: $12,841,6252025

Highlighted filing

2023

Assets$12,279,032
Liabilities$4,291,268
Net Assets$7,987,764

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,269,0042010Expenses 2011: $1,315,2862011Expenses 2012: $1,544,9432012Revenue 2013: $1,305,516Expenses 2013: $1,380,934Net Income 2013: -$75,4182013Revenue 2014: $1,588,691Expenses 2014: $1,326,279Net Income 2014: $262,4122014Revenue 2015: $1,433,615Expenses 2015: $1,370,668Net Income 2015: $62,9472015Revenue 2016: $1,476,828Expenses 2016: $1,563,264Net Income 2016: -$86,4362016Revenue 2017: $1,458,064Expenses 2017: $1,407,335Net Income 2017: $50,7292017Revenue 2018: $1,531,138Expenses 2018: $1,458,936Net Income 2018: $72,2022018Revenue 2019: $2,027,144Expenses 2019: $1,532,432Net Income 2019: $494,7122019Revenue 2020: $1,660,613Expenses 2020: $1,856,871Net Income 2020: -$196,2582020Revenue 2021: $1,761,667Expenses 2021: $1,772,989Net Income 2021: -$11,3222021Revenue 2022: $1,825,037Expenses 2022: $1,790,330Net Income 2022: $34,7072022Revenue 2023: $5,404,232Expenses 2023: $2,097,894Net Income 2023: $3,306,3382023Revenue 2024: $5,191,690Expenses 2024: $2,109,019Net Income 2024: $3,082,6712024Revenue 2025: $3,983,197Expenses 2025: $2,212,007Net Income 2025: $1,771,1902025

Highlighted filing

2023

Revenue$5,404,232
Expenses$2,097,894
Net Income$3,306,338
Jump To
Filing Snapshot
Filing Period
Mar 1, 2022 to Feb 28, 2023
Signed
Sep 7, 2023
Return Version
2022v5.0
Gross Receipts
$5,404,232
Mission and Program Overview

Mission

To provide fresh water in rural areas.

To provide clean water to rural areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,627,414$4,372,037▼ $255,377
Savings and Temporary Cash Investments$955,102$1,039,255▲ $84,153
Cash and Non-Interest-Bearing Accounts$757,251$803,328▲ $46,077
Pledges and Grants Receivable-$250,271-
Accounts Receivable$161,436$159,341▼ $2,095
Inventories for Sale or Use$172,786$130,620▼ $42,166
Prepaid Expenses and Deferred Charges$11,439$12,451▲ $1,012
Total Assets$6,742,019$12,279,032▲ $5,537,013
Other Assets Total$56,591$5,511,729▲ $5,455,138
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,661,097$3,655,712▲ $1,994,615
Accounts Payable and Accrued Expenses$145,160$375,162▲ $230,002
Other Liabilities$254,336$260,394▲ $6,058
Total Liabilities$2,060,593$4,291,268▲ $2,230,675
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,681,426$7,915,264▲ $3,233,838
Net Assets With Donor Restrictions-$72,500-
Total Net Assets Fund Balance$4,681,426$7,987,764▲ $3,306,338
Total Liabilities and Net Assets / Fund Balance$6,742,019$12,279,032▲ $5,537,013

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,101,809$6,832,501$10,934,310
Equipment$114,232$1,116,838$1,231,070
Buildings$105,098$154,168$259,266
Land$50,898-$50,898
Other Assets Org$5,511,729--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Greg WheelerPresident
Brandon GabbardSecretary
Marla WalkerTreasurer
Todd SociaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$3,378,944
Program Service Revenue
$2,005,915
Investment Income
$19,373
Other Revenue
$0
All Other Contributions
$946,317
Change in Net Assets
$3,306,338

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$946,317Actual Cost
Total Noncash Contributions1$946,317-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,404,232
Total Revenue per Audited Statements
$5,404,232
Total Revenue per Form 990
$5,404,232
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,639,219
Salaries, Compensation, and Employee Benefits$458,675
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$200,601$122,172-$322,773
Depreciation Depletion$304,532$8,491-$313,023
Occupancy$100,121$16,651-$116,772
Other Employee Benefits$70,995$43,238-$114,233
Interest$83,678$5,690-$89,368
Other Expenses$40,795$13,576-$54,371
Travel$46,348--$46,348
Insurance$31,752$3,181-$34,933
Office Expenses$17,952$8,236-$26,188
All Other Expenses$14,017$9,172-$23,189
Payroll Taxes$13,467$8,202-$21,669
Total Functional Expenses$1,859,285$238,609$0$2,097,894

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,097,894
Total Expenses per Audited Statements$2,097,894
Total Expenses per Form 990$2,097,894
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
Meter Deposits Payable$260,394
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 6

All water customers must be members. The membership fee is refunded upon leaving the system. All members may vote at the annual membership meeting. All members may attend any board meeting.

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

No review was or will be conducted.

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

Conflict of interest policy is in effect requiring any potential conflict of interest be disclosed and if action warrents, disqualification of board or employee from discussion or action on the potential conflict.

Form 990, Page 6, Part VI, Line 19

All documents of the association are available for inspection upon request. If copies are requested, fees may be charged depending upon the nature and quantity of the copies requested. Documents are avaialble during regular business hours at the association's office. Original documents are not allowed to leave the business office.

Filing and Contact Details

Filer

Filer Name
Mount Olive Water Association
EIN
71-0567766
Phone
4796432324
Address
PO BOX 326, ELKINS, AR 72727-0326

Signing Officer

Name
Greg Wheeler
Title
President
Phone
4796432324
Signed
2023-09-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Wheeler
Formed
1979
Legal Domicile
Ar
Voting Board Members
4
Independent Board Members
4
Employees
9

Preparer

Firm
Prz Cpas & Advisors
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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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05511729
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION PROCESS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04101809
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06832501
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010934310
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0260394
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0METER DEPOSITS PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt05404232
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04372037
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05511729
IRS990ScheduleD/TotalExpensesPerForm990Amt02097894
IRS990ScheduleD/TotalLiabilityAmt0260394
IRS990ScheduleD/TotalRevenuePerForm990Amt05404232
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05404232
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02097894
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0INFRASTRUCTURE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0ACTUAL COST
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0946317
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL WATER CUSTOMERS MUST BE MEMBERS. THE MEMBERSHIP FEE IS REFUNDED UPON LEAVING THE SYSTEM. ALL MEMBERS MAY VOTE AT THE ANNUAL MEMBERSHIP MEETING. ALL MEMBERS MAY ATTEND ANY BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY IS IN EFFECT REQUIRING ANY POTENTIAL CONFLICT OF INTEREST BE DISCLOSED AND IF ACTION WARRENTS, DISQUALIFICATION OF BOARD OR EMPLOYEE FROM DISCUSSION OR ACTION ON THE POTENTIAL CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS OF THE ASSOCIATION ARE AVAILABLE FOR INSPECTION UPON REQUEST. IF COPIES ARE REQUESTED, FEES MAY BE CHARGED DEPENDING UPON THE NATURE AND QUANTITY OF THE COPIES REQUESTED. DOCUMENTS ARE AVAIALBLE DURING REGULAR BUSINESS HOURS AT THE ASSOCIATION'S OFFICE. ORIGINAL DOCUMENTS ARE NOT ALLOWED TO LEAVE THE BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06742019
IRS990/TotalAssetsEOYAmt012279032
IRS990/TotalAssetsGrp/BOYAmt06742019
IRS990/TotalAssetsGrp/EOYAmt012279032
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03378944
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0238609
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01859285
IRS990/TotalFunctionalExpensesGrp/TotalAmt02097894
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02060593
IRS990/TotalLiabilitiesEOYAmt04291268
IRS990/TotalLiabilitiesGrp/BOYAmt02060593
IRS990/TotalLiabilitiesGrp/EOYAmt04291268
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04681426
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07987764
IRS990/TotalProgramServiceRevenueAmt02005915
IRS990/TotalRevenueGrp/ExclusionAmt019373
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02005915
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05404232
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06742019
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012279032
IRS990/TravelGrp/ProgramServicesAmt046348
IRS990/TravelGrp/TotalAmt046348
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012319 HWY 16
IRS990/USAddress/CityNm0COMBS
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072721
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.MTOLIVEWATER.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG WHEELER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04796432324
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MOUNT OLIVE WATER ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0MOUN
ReturnHeader/Filer/EIN0710567766
ReturnHeader/Filer/PhoneNum04796432324
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 326
ReturnHeader/Filer/USAddress/CityNm0ELKINS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd0727270326
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0843068935
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRZ CPAS & ADVISORS
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
ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARC LUX CPA
ReturnHeader/ReturnTs02023-09-15T08:26:31-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GREG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WHEELER
ReturnHeader/TaxPeriodBeginDt02022-03-01
ReturnHeader/TaxPeriodEndDt02023-02-28
ReturnHeader/TaxYr02022

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$3.74$12.8$3.98$2.21$1.77
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.2$4.10$11.1$5.19$2.11$3.08
2023Detailed filing. Detailed filing data is available for this year.$12.3$4.29$7.99$5.40$2.10$3.31
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.74$2.06$4.68$1.83$1.79$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.78$2.14$4.65$1.76$1.77$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.91$2.25$4.66$1.66$1.86$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.24$2.39$4.85$2.03$1.53$0.49
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.88$2.52$4.36$1.53$1.46$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.93$2.64$4.29$1.46$1.41$0.05
2016Detailed filing. Detailed filing data is available for this year.$7.00$2.79$4.21$1.48$1.56$0.09
2015Detailed filing. Detailed filing data is available for this year.$7.17$2.87$4.30$1.43$1.37$0.06
2014Detailed filing. Detailed filing data is available for this year.$7.21$3.03$4.18$1.59$1.33$0.26
2013Summary only. Only limited summary data is available for this year.$7.01$3.11$3.90$1.31$1.38$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.16$3.22$3.94$1.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.46$3.20$4.26$1.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.60$3.17$4.42$1.27
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)12 • $10M-$25M nonprofits