Civic Intelligence

Walkerville Water System Inc

990 • Fiscal year 2022 • EIN 71-0606131

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 25, 2023

Organization Profile
P O Box 184Emerson, AR 71740

(870) 696-3731

Siviq Scores

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

Liabilities / Assets

46th percentile

0.01x

Higher debt load relative to assets than 46% of similar nonprofits.

2022 filings • 501(c)12 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

53rd percentile

0.03x

Higher debt load relative to revenue than 53% of similar nonprofits.

2022 filings • 501(c)12 • <$500k nonprofits • Source year 2022

Net Margin

6th percentile

-66%

Higher net margin than 6% of similar nonprofits.

2022 filings • 501(c)12 • <$500k nonprofits • Source year 2022

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2022 filings • 501(c)12 • <$500k nonprofits • Source year 2022

Asset Growth

19th percentile

-9.3%

Faster asset growth than 19% of similar nonprofits.

2022 filings • 501(c)12 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

41st percentile

-0.2%

Faster revenue growth than 41% of similar nonprofits.

2022 filings • 501(c)12 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$368,705

Down $37,751 (-9.3%) from 2021

Net Assets

Down

$366,811

Down $37,785 (-9.3%) from 2021

Liabilities

Up

$1,894

Up $34 (+1.8%) from 2021

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin6th percentile

Revenue

Down

$57,416

Down $94 (-0.2%) from 2021

Expenses

Up

$95,201

Up $9,268 (+11%) from 2021

Net Income

Down

-$37,785

Down $9,362 (-33%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$600K$400K$200K$0Assets 2010: $505,372Liabilities 2010: $2,313Net Assets 2010: $503,0592010Assets 2011: $524,840Liabilities 2011: $2,014Net Assets 2011: $522,8262011Assets 2012: $545,793Liabilities 2012: $1,998Net Assets 2012: $543,7952012Assets 2013: $557,298Liabilities 2013: $2,005Net Assets 2013: $555,2932013Assets 2014: $569,708Liabilities 2014: $2,036Net Assets 2014: $567,6722014Assets 2015: $573,423Liabilities 2015: $1,991Net Assets 2015: $571,4322015Assets 2016: $563,660Liabilities 2016: $1,926Net Assets 2016: $561,7342016Assets 2017: $544,636Liabilities 2017: $1,843Net Assets 2017: $542,7932017Assets 2018: $519,531Liabilities 2018: $1,870Net Assets 2018: $517,6612018Assets 2019: $479,783Liabilities 2019: $1,813Net Assets 2019: $477,9702019Assets 2020: $434,890Liabilities 2020: $1,871Net Assets 2020: $433,0192020Assets 2021: $406,456Liabilities 2021: $1,860Net Assets 2021: $404,5962021Assets 2022: $368,705Liabilities 2022: $1,894Net Assets 2022: $366,8112022Assets 2023: $348,880Liabilities 2023: $3,470Net Assets 2023: $345,4102023Assets 2024: $320,660Liabilities 2024: $1,803Net Assets 2024: $318,8572024

Highlighted filing

2022

Assets$368,705
Liabilities$1,894
Net Assets$366,811
Open 2022 Filing

Operations Trend

Revenue Growth41st percentile

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

$150K$100K$50K$0-$50KExpenses 2010: $41,2302010Expenses 2011: $48,8512011Expenses 2012: $39,2882012Revenue 2013: $58,467Expenses 2013: $46,969Net Income 2013: $11,4982013Revenue 2014: $58,697Expenses 2014: $46,318Net Income 2014: $12,3792014Revenue 2015: $56,347Expenses 2015: $52,587Net Income 2015: $3,7602015Revenue 2016: $57,358Expenses 2016: $67,056Net Income 2016: -$9,6982016Revenue 2017: $53,782Expenses 2017: $72,723Net Income 2017: -$18,9412017Revenue 2018: $58,693Expenses 2018: $83,825Net Income 2018: -$25,1322018Revenue 2019: $54,403Expenses 2019: $94,094Net Income 2019: -$39,6912019Revenue 2020: $57,782Expenses 2020: $102,733Net Income 2020: -$44,9512020Revenue 2021: $57,510Expenses 2021: $85,933Net Income 2021: -$28,4232021Revenue 2022: $57,416Expenses 2022: $95,201Net Income 2022: -$37,7852022Revenue 2023: $58,978Expenses 2023: $80,379Net Income 2023: -$21,4012023Revenue 2024: $50,730Expenses 2024: $77,283Net Income 2024: -$26,5532024

Highlighted filing

2022

Revenue$57,416
Expenses$95,201
Net Income-$37,785
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 25, 2023
Return Version
2022v5.0
Gross Receipts
$57,416
Mission and Program Overview

Mission

Provide water to rural residents

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$307,680$295,998▼ $11,682
Land, Buildings, and Equipment, Net$98,130$72,035▼ $26,095
Cash and Non-Interest-Bearing Accounts$521$547▲ $26
Total Assets$406,456$368,705▼ $37,751
Other Assets Total$125$125→ $0
Liabilities
Other Liabilities$1,510$1,510→ $0
Accounts Payable and Accrued Expenses$350$384▲ $34
Total Liabilities$1,860$1,894▲ $34
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$404,596$366,811▼ $37,785
Total Net Assets Fund Balance$404,596$366,811▼ $37,785
Total Liabilities and Net Assets / Fund Balance$406,456$368,705▼ $37,751

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$72,035$667,172$739,207
Buildings-$3,002$3,002
Other Land Buildings-$590$590
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Joel McmahenPresident
Chris MitchellBoard Member
Jason HughesBoard Member
Ken DaileyBoard Member
Steve TorresBoard Member
Tyler GosvenorBoard Member
William SmithBoard Member
Angela ShermanSecretary Tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$57,048
Investment Income
$368
Other Revenue
$0
Change in Net Assets
$-37,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$95,201
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$26,095--$26,095
All Other Expenses$7,128$8,152-$15,280
Other Expenses$6,409--$6,409
Travel$5,575--$5,575
Fees for Services Accounting$1,506$1,437-$2,943
Office Expenses$1,514$840-$2,354
Insurance$944--$944
Total Functional Expenses$84,772$10,429$0$95,201
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$1,510
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
No
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

“The system was organized with members. All customers are members.”

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

“Officers and board of directors review the return prior to filing.”

Form 990, Page 6, Part VI, Line 19

“Tax return and financial statements are available upon request from memebers.”

Filing and Contact Details

Filer

Filer Name
Walkerville Water System Inc
EIN
71-0606131
Address
P O BOX 184, EMERSON, AR 71740

Signing Officer

Name
Joel Mcmahen
Title
President
Phone
8706963501
Signed
2023-10-25

Organization Details

Principal Officer
Joel Mcmahen
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Wood and Wood Ltd
Address
519 N WASHINGTON, MAGNOLIA, AR 71753
Preparer
Walter D Wood
Phone
8702344343
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Utilities 4,940 0 0 directors fees 0 4,400 0 secretarial services 0 3,600 0 license, dues and subscri 2,048 0 0 bank charges 0 152 0 lease/rental 100 0 0 miscellaneous 40 0 0 total 7,128 8,152 0”

Raw XML Appendix302 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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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WOOD AND WOOD LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0519 N WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MAGNOLIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071753
ReturnHeader/PreparerPersonGrp/PhoneNum08702344343
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WALTER D WOOD
ReturnHeader/ReturnTs02023-10-27T10:05:17-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCMAHEN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$368,705
Liabilities
$1,894
Net assets
$366,811
Revenue
$57,416
Expenses
$95,201
Net income
-$37,785
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$0.02$3.19$0.51$0.77$0.27
2023Detailed filing. Detailed filing data is available for this year.$3.49$0.03$3.45$0.59$0.80$0.21
2022Detailed filing. Detailed filing data is available for this year.$3.69$0.02$3.67$0.57$0.95$0.38
2021Detailed filing. Detailed filing data is available for this year.$4.06$0.02$4.05$0.58$0.86$0.28
2020Detailed filing. Detailed filing data is available for this year.$4.35$0.02$4.33$0.58$1.03$0.45
2019Detailed filing. Detailed filing data is available for this year.$4.80$0.02$4.78$0.54$0.94$0.40
2018Detailed filing. Detailed filing data is available for this year.$5.20$0.02$5.18$0.59$0.84$0.25
2017Detailed filing. Detailed filing data is available for this year.$5.45$0.02$5.43$0.54$0.73$0.19
2016Detailed filing. Detailed filing data is available for this year.$5.64$0.02$5.62$0.57$0.67$0.10
2015Detailed filing. Detailed filing data is available for this year.$5.73$0.02$5.71$0.56$0.53$0.04
2014Detailed filing. Detailed filing data is available for this year.$5.70$0.02$5.68$0.59$0.46$0.12
2013Detailed filing. Detailed filing data is available for this year.$5.57$0.02$5.55$0.58$0.47$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.46$0.02$5.44$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.25$0.02$5.23$0.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.05$0.02$5.03$0.41