Civic Intelligence

Frost Town Water System Inc

990 • Fiscal year 2023 • EIN 72-0679832

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 03, 2024

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

82nd percentile

0.44x

Higher debt load relative to assets than 82% of similar nonprofits.

2023 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

81st percentile

1.68x

Higher debt load relative to revenue than 81% of similar nonprofits.

2023 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2023

Net Margin

61st percentile

15%

Higher net margin than 61% of similar nonprofits.

2023 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$22,800

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2023 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2023

Asset Growth

53rd percentile

1.9%

Faster asset growth than 53% of similar nonprofits.

2023 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

50th percentile

5.3%

Faster revenue growth than 50% of similar nonprofits.

2023 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$901,384

Up $16,844 (+1.9%) from 2022

Net Assets

Up

$506,747

Up $34,500 (+7.3%) from 2022

Liabilities

Down

$394,637

Down $17,656 (-4.3%) from 2022

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin61st percentile

Revenue

Up

$235,554

Up $11,772 (+5.3%) from 2022

Expenses

Down

$201,054

Down $7,299 (-3.5%) from 2022

Net Income

Up

$34,500

Up $19,071 (+124%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2023

Assets$901,384
Liabilities$394,637
Net Assets$506,747
Open 2023 Filing

Operations Trend

Revenue Growth50th 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

2023

Revenue$235,554
Expenses$201,054
Net Income$34,500
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 3, 2024
Return Version
2023v5.0
Gross Receipts
$235,554
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$497,739$469,677▼ $28,062
Savings and Temporary Cash Investments$253,646$260,001▲ $6,355
Cash and Non-Interest-Bearing Accounts$117,824$156,297▲ $38,473
Accounts Receivable$15,331$15,409▲ $78
Total Assets$884,540$901,384▲ $16,844
Liabilities
Mortgage Notes Payable Secured by Investment Property$380,333$362,762▼ $17,571
Other Liabilities$24,400$24,794▲ $394
Accounts Payable and Accrued Expenses$7,560$7,081▼ $479
Total Liabilities$412,293$394,637▼ $17,656
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$472,247$506,747▲ $34,500
Total Net Assets Fund Balance$472,247$506,747▲ $34,500
Total Liabilities and Net Assets / Fund Balance$884,540$901,384▲ $16,844

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$54,383$7,193-
Other Land Buildings$326,897$541,904-
Land$64,850--
Equipment$23,547$8,260-
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleBaseTotal
Brenda JordanSecretaryTreasurer$22,800$22,800
Donald JordanDirector$9,600$9,600

Board Members and Trustees

NameTitle
Curt MeachumPresident
Robert SpillersVicePresident
Debra BeardenDirector
Karl BorquistDirector
Traci WattsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$227,694
Investment Income
$7,860
Other Revenue
$0
Change in Net Assets
$34,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,584
Salaries, Compensation, and Employee Benefits$62,470
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---$32,400
Depreciation Depletion---$28,061
Other Salaries and Wages---$25,635
Interest---$17,626
Fees for Services Other---$11,520
Office Expenses---$7,978
Insurance---$6,367
Other Expenses---$5,888
Payroll Taxes---$4,435
All Other Expenses---$3,622
Fees for Services Accounting---$1,193
Total Functional Expenses$0$0$0$201,054
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 meter deposits$24,794
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 property owners served by the water system are considered members”

Part VI Line 6

“of the water 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 approve all changes to the by-laws.”

Part VI Line 11B

“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
SecretaryTreasurer
Phone
3183760171
Signed
2024-04-03
Discuss with paid preparer
Yes

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
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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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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENDA JORDAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SecretaryTreasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03183760171
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-03
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/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02024-04-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARLEEN DUMAS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-04-03T15:07:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRENDA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JORDAN
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$901,384
Liabilities
$394,637
Net assets
$506,747
Revenue
$235,554
Expenses
$201,054
Net income
$34,500
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