Civic Intelligence

Frost Town Water System Inc

990 • Fiscal year 2021 • EIN 72-0679832

Jan 01, 2021 to Dec 31, 2021 • Filed on May 31, 2022

Organization Profile
PO Box 217Calhoun, LA 71225

(318) 599-8066

Siviq Scores

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

Liabilities / Assets

85th percentile

0.49x

Higher debt load relative to assets than 85% of similar nonprofits.

2021 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

1.98x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2021

Net Margin

41st percentile

2.7%

Higher net margin than 41% of similar nonprofits.

2021 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$21,610

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2021 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2021

Asset Growth

39th percentile

-0.7%

Faster asset growth than 39% of similar nonprofits.

2021 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

53rd percentile

3.7%

Faster revenue growth than 53% of similar nonprofits.

2021 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$890,495

Down $6,229 (-0.7%) from 2020

Net Assets

Up

$456,818

Up $5,805 (+1.3%) from 2020

Liabilities

Down

$433,677

Down $12,034 (-2.7%) from 2020

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin41st percentile

Revenue

Up

$218,746

Up $7,711 (+3.7%) from 2020

Expenses

Up

$212,941

Up $47,978 (+29%) from 2020

Net Income

Down

$5,805

Down $40,267 (-87%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$1.0M$500K$0Assets 2011: $854,890Liabilities 2011: $553,636Net Assets 2011: $301,2542011Assets 2012: $855,369Liabilities 2012: $539,270Net Assets 2012: $316,0992012Assets 2013: $846,922Liabilities 2013: $530,782Net Assets 2013: $316,1402013Assets 2014: $841,643Liabilities 2014: $521,177Net Assets 2014: $320,4662014Assets 2015: $834,794Liabilities 2015: $509,053Net Assets 2015: $325,7412015Assets 2016: $821,172Liabilities 2016: $496,756Net Assets 2016: $324,4162016Assets 2017: $830,094Liabilities 2017: $483,260Net Assets 2017: $346,8342017Assets 2018: $844,625Liabilities 2018: $471,638Net Assets 2018: $372,9872018Assets 2019: $861,124Liabilities 2019: $456,183Net Assets 2019: $404,9412019Assets 2020: $896,724Liabilities 2020: $445,711Net Assets 2020: $451,0132020Assets 2021: $890,495Liabilities 2021: $433,677Net Assets 2021: $456,8182021Assets 2022: $884,540Liabilities 2022: $412,293Net Assets 2022: $472,2472022Assets 2023: $901,384Liabilities 2023: $394,637Net Assets 2023: $506,7472023Assets 2024: $672,482Liabilities 2024: $66,588Net Assets 2024: $605,8942024

Highlighted filing

2021

Assets$890,495
Liabilities$433,677
Net Assets$456,818
Open 2021 Filing

Operations Trend

Revenue Growth53rd percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $145,612Expenses 2011: $138,021Net Income 2011: $7,5912011Revenue 2012: $143,331Expenses 2012: $128,486Net Income 2012: $14,8452012Revenue 2013: $155,576Expenses 2013: $155,535Net Income 2013: $412013Revenue 2014: $142,738Expenses 2014: $138,412Net Income 2014: $4,3262014Revenue 2015: $152,887Expenses 2015: $147,612Net Income 2015: $5,2752015Revenue 2016: $175,423Expenses 2016: $176,748Net Income 2016: -$1,3252016Revenue 2017: $195,959Expenses 2017: $178,586Net Income 2017: $17,3732017Revenue 2018: $198,118Expenses 2018: $171,965Net Income 2018: $26,1532018Revenue 2019: $205,077Expenses 2019: $173,123Net Income 2019: $31,9542019Revenue 2020: $211,035Expenses 2020: $164,963Net Income 2020: $46,0722020Revenue 2021: $218,746Expenses 2021: $212,941Net Income 2021: $5,8052021Revenue 2022: $223,782Expenses 2022: $208,353Net Income 2022: $15,4292022Revenue 2023: $235,554Expenses 2023: $201,054Net Income 2023: $34,5002023Revenue 2024: $302,177Expenses 2024: $203,030Net Income 2024: $99,1472024

Highlighted filing

2021

Revenue$218,746
Expenses$212,941
Net Income$5,805
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 31, 2022
Return Version
2021v4.2
Gross Receipts
$218,746
Mission and Program Overview

Mission

Provide water service to members.

Provide water service to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$511,956$517,571▲ $5,615
Savings and Temporary Cash Investments$249,591$251,508▲ $1,917
Cash and Non-Interest-Bearing Accounts$117,337$105,400▼ $11,937
Accounts Receivable$17,840$16,016▼ $1,824
Total Assets$896,724$890,495▼ $6,229
Liabilities
Mortgage Notes Payable Secured by Investment Property$413,071$397,090▼ $15,981
Other Liabilities$23,965$23,515▼ $450
Accounts Payable and Accrued Expenses$8,675$13,072▲ $4,397
Total Liabilities$445,711$433,677▼ $12,034
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$451,013$456,818▲ $5,805
Total Net Assets Fund Balance$451,013$456,818▲ $5,805
Total Liabilities and Net Assets / Fund Balance$896,724$890,495▼ $6,229

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$51,081$2,267-
Other Land Buildings$374,112$494,689-
Land$64,850--
Equipment$27,528$4,279-
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleBaseTotal
Brenda JordanDirector$21,610$21,610
Donald JordanDirector$8,590$8,590

Board Members and Trustees

NameTitle
Curt MeachumPresident
Robert SpillersVicePresident
Karl BorquistDirector
Roy AvantDirector
Traci TedetonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$216,561
Investment Income
$2,185
Other Revenue
$0
Change in Net Assets
$5,805
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$153,456
Salaries, Compensation, and Employee Benefits$59,485
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$30,200
Depreciation Depletion---$27,732
Other Salaries and Wages---$25,050
Fees for Services Other---$23,650
Interest---$19,221
All Other Expenses---$7,458
Insurance---$6,008
Other Expenses---$5,717
Payroll Taxes---$4,235
Fees for Services Accounting---$890
Total Functional Expenses$0$0$0$212,941
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer deposits$23,515
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
No
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
Yes
Management duties delegated
No

Governance Explanations

Part VI Line 6

“All water customers (except renters) are considered members of the water”

Part VI Line 6

“system.”

Part VI Line 7A

“The Board of Directors are elected by the members of the water system.”

Part VI Line 7B

“The members of the water system appove all changes to the by-laws.”

Part VI Line 11B

“Form 990 is reviewed by the Secretary-Treasurer.”

Part VI Line 19

“No such requests were made.”

Filing and Contact Details

Filer

Filer Name
Frost Town Water System Inc
EIN
72-0679832
In Care Of
% Brenda Jordan
Phone
3185998066
Address
PO Box 217, Calhoun, LA 71225

Signing Officer

Name
Brenda Jordan
Title
Secretary
Phone
3185998066
Signed
2022-05-31
Discuss with paid preparer
No

Organization Details

Principal Officer
Curt Meachum
Formed
1968
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
3

Preparer

Firm
M Carleen Dumas CPA
Address
369 DONALDSON RD, CALHOUN, LA 71225
Preparer
Carleen Dumas
Phone
3186445726
Supplemental Narrative

Additional Explanations

Part IX Line 11G

“Contract services Total expenses - $23650.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00”

Raw XML Appendix325 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/ExplanationTxt1system.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The members of the water system appove all changes to the by-laws.
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IRS990/USAddress/AddressLine1Txt0303 Aulds Chapel Rd
IRS990/USAddress/CityNm0Downsville
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071234
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENDA JORDAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum03185998066
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Frost Town Water System Inc
ReturnHeader/Filer/BusinessNameControlTxt0FROS
ReturnHeader/Filer/EIN0720679832
ReturnHeader/Filer/InCareOfNm0% Brenda Jordan
ReturnHeader/Filer/PhoneNum03185998066
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 217
ReturnHeader/Filer/USAddress/CityNm0Calhoun
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071225
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464448883
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0M CARLEEN DUMAS CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0369 DONALDSON RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CALHOUN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071225
ReturnHeader/PreparerPersonGrp/PhoneNum03186445726
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARLEEN DUMAS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-05-31T10:44:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRENDA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JORDAN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$890,495
Liabilities
$433,677
Net assets
$456,818
Revenue
$218,746
Expenses
$212,941
Net income
$5,805
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.72$0.67$6.06$3.02$2.03$0.99
2023Detailed filing. Detailed filing data is available for this year.$9.01$3.95$5.07$2.36$2.01$0.35
2022Detailed filing. Detailed filing data is available for this year.$8.85$4.12$4.72$2.24$2.08$0.15
2021Detailed filing. Detailed filing data is available for this year.$8.90$4.34$4.57$2.19$2.13$0.06
2020Detailed filing. Detailed filing data is available for this year.$8.97$4.46$4.51$2.11$1.65$0.46
2019Summary only. Only limited summary data is available for this year.$8.61$4.56$4.05$2.05$1.73$0.32
2018Summary only. Only limited summary data is available for this year.$8.45$4.72$3.73$1.98$1.72$0.26
2017Summary only. Only limited summary data is available for this year.$8.30$4.83$3.47$1.96$1.79$0.17
2016Summary only. Only limited summary data is available for this year.$8.21$4.97$3.24$1.75$1.77$0.01
2015Summary only. Only limited summary data is available for this year.$8.35$5.09$3.26$1.53$1.48$0.05
2014Summary only. Only limited summary data is available for this year.$8.42$5.21$3.20$1.43$1.38$0.04
2013Summary only. Only limited summary data is available for this year.$8.47$5.31$3.16$1.56$1.56$0.00
2012Summary only. Only limited summary data is available for this year.$8.55$5.39$3.16$1.43$1.28$0.15
2011Summary only. Only limited summary data is available for this year.$8.55$5.54$3.01$1.46$1.38$0.08