Civic Intelligence

Village Water System Inc

990 • Fiscal year 2016 • EIN 72-0683897

Aug 01, 2015 to Jul 31, 2016 • Filed on May 30, 2017

Organization ProfileVILLAGEWATERSYSINC.ORG
PO Box 96Princeton, LA 71067

(318) 949-0223

Siviq Scores

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

Liabilities / Assets

39th percentile

0.25x

Higher debt load relative to assets than 39% of similar nonprofits.

2016 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

38th percentile

0.88x

Higher debt load relative to revenue than 38% of similar nonprofits.

2016 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2016

Net Margin

29th percentile

-2.1%

Higher net margin than 29% of similar nonprofits.

2016 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

81st percentile

$75,975

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2016 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2016

Asset Growth

20th percentile

-2.5%

Faster asset growth than 20% of similar nonprofits.

2016 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

83rd percentile

14%

Faster revenue growth than 83% of similar nonprofits.

2016 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$6,299,852

Down $159,979 (-2.5%) from 2015

Net Assets

Down

$4,712,793

Down $37,337 (-0.8%) from 2015

Liabilities

Down

$1,587,059

Down $122,642 (-7.2%) from 2015

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin29th percentile

Revenue

Up

$1,800,042

Up $221,660 (+14%) from 2015

Expenses

Up

$1,837,379

Up $59,539 (+3.3%) from 2015

Net Income

Up

-$37,337

Up $162,121 (+81%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $5,349,446Liabilities 2011: $1,068,812Net Assets 2011: $4,280,6342011Assets 2012: $6,742,265Liabilities 2012: $1,984,283Net Assets 2012: $4,757,9822012Assets 2013: $6,835,283Liabilities 2013: $1,948,914Net Assets 2013: $4,886,3692013Assets 2014: $6,798,882Liabilities 2014: $1,849,294Net Assets 2014: $4,949,5882014Assets 2015: $6,459,831Liabilities 2015: $1,709,701Net Assets 2015: $4,750,1302015Assets 2016: $6,299,852Liabilities 2016: $1,587,059Net Assets 2016: $4,712,7932016Assets 2017: $6,264,455Liabilities 2017: $1,425,734Net Assets 2017: $4,838,7212017Assets 2018: $6,207,217Liabilities 2018: $1,285,336Net Assets 2018: $4,921,8812018Assets 2019: $6,164,721Liabilities 2019: $1,207,136Net Assets 2019: $4,957,5852019Assets 2020: $5,752,477Liabilities 2020: $996,551Net Assets 2020: $4,755,9262020Assets 2021: $5,696,863Liabilities 2021: $894,671Net Assets 2021: $4,802,1922021Assets 2022: $5,729,098Liabilities 2022: $767,636Net Assets 2022: $4,961,4622022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2016

Assets$6,299,852
Liabilities$1,587,059
Net Assets$4,712,793
Open 2016 Filing

Operations Trend

Revenue Growth83rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,975,019Expenses 2011: $1,271,866Net Income 2011: $703,1532011Revenue 2012: $1,933,305Expenses 2012: $1,455,957Net Income 2012: $477,3482012Revenue 2013: $1,709,755Expenses 2013: $1,581,368Net Income 2013: $128,3872013Revenue 2014: $1,830,117Expenses 2014: $1,766,898Net Income 2014: $63,2192014Revenue 2015: $1,578,382Expenses 2015: $1,777,840Net Income 2015: -$199,4582015Revenue 2016: $1,800,042Expenses 2016: $1,837,379Net Income 2016: -$37,3372016Revenue 2017: $1,922,585Expenses 2017: $1,796,657Net Income 2017: $125,9282017Revenue 2018: $1,904,291Expenses 2018: $1,821,131Net Income 2018: $83,1602018Revenue 2019: $2,069,692Expenses 2019: $2,033,988Net Income 2019: $35,7042019Revenue 2020: $1,902,189Expenses 2020: $2,103,848Net Income 2020: -$201,6592020Revenue 2021: $2,131,245Expenses 2021: $2,084,979Net Income 2021: $46,2662021Revenue 2022: $2,596,846Expenses 2022: $2,437,576Net Income 2022: $159,2702022Revenue 2023: $1,939,279Expenses 2023: $1,513,624Net Income 2023: $425,6552023

Highlighted filing

2016

Revenue$1,800,042
Expenses$1,837,379
Net Income-$37,337
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
May 30, 2017
Return Version
2015v3.0
Gross Receipts
$1,800,042
Mission and Program Overview

Mission

WATER DISTRIBUTION.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,372,505$5,324,486▼ $48,019
Cash and Non-Interest-Bearing Accounts$676,563$500,477▼ $176,086
Savings and Temporary Cash Investments$270,970$278,530▲ $7,560
Accounts Receivable$109,196$173,956▲ $64,760
Prepaid Expenses and Deferred Charges$30,199$22,005▼ $8,194
Total Assets$6,459,831$6,299,852▼ $159,979
Other Assets Total$398$398→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,351,998$1,214,761▼ $137,237
Other Liabilities$270,970$278,530▲ $7,560
Accounts Payable and Accrued Expenses$86,733$93,768▲ $7,035
Total Liabilities$1,709,701$1,587,059▼ $122,642
Net Assets / Fund Balance
Unrestricted Net Assets$4,750,130$4,712,793▼ $37,337
Total Net Assets Fund Balance$4,750,130$4,712,793▼ $37,337
Total Liabilities and Net Assets / Fund Balance$6,459,831$6,299,852▼ $159,979

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,997,889$3,682,094$8,679,983
Buildings$168,952$125,489$294,441
Other Land Buildings$57,981$70,468$128,449
Land$99,664-$99,664
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Salin J FayardManagerFT$75,975$75,975

Board Members and Trustees

NameTitle
Todd FrancePresident
Charles BrantonMember
Donald MurphyMember
Frank KreidMember
Thomis MerrillMember
Mike ThorntonSecretary
Bill BurrisVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$32,485
Program Service Revenue
$1,767,380
Investment Income
$177
Other Revenue
$0
All Other Contributions
$32,485
Change in Net Assets
$-37,337

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$32,485Fair Market Value
Total Noncash Contributions1$32,485-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,800,042
Total Revenue per Audited Statements
$1,800,042
Total Revenue per Form 990
$1,800,042
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,626,704
Salaries, Compensation, and Employee Benefits$210,675
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$315,253--$315,253
All Other Expenses$179,014--$179,014
Other Salaries and Wages$116,993--$116,993
Current Officers, Directors, Trustees, and Key Employees$77,526--$77,526
Insurance$71,487--$71,487
Other Expenses$68,031--$68,031
Interest$56,317--$56,317
Payroll Taxes$16,156--$16,156
Fees for Services Accounting$15,366--$15,366
Total Functional Expenses$1,837,379$0$0$1,837,379

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,837,379
Total Expenses per Audited Statements$1,837,379
Total Expenses per Form 990$1,837,379
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
Customer Deposits$278,530
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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

“The customers of the water system are considered the members.”

Form 990, Page 6, Part VI, Line 7A

“The members elect 100% of the governing board.”

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

“The form 990 will be reviewed by key officers and employees before filing. The form 990 will be made available to all board members after filing.”

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

“Each board member is provided a copy of the conflict of interest policy and activity is monitored by the manager and board.”

Form 990, Page 6, Part VI, Line 15A

“The manager's compensation is approved by the governing board.”

Form 990, Page 6, Part VI, Line 15B

“All other employees' compensation is approved by the governing board.”

Form 990, Page 6, Part VI, Line 19

“All are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Village Water System Inc
EIN
72-0683897
Phone
3189490223
Address
PO BOX 96, PRINCETON, LA 71067

Signing Officer

Name
Salin J Fayard
Title
Manager
Phone
3189490223
Signed
2017-05-30

Organization Details

Principal Officer
Salin J Fayard
Formed
1967
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
7

Preparer

Firm
COOK & MOREHART CPA'S
Address
1215 HAWN AVENUE, SHREVEPORT, LA 71107
Preparer
Travis H Morehart CPA
Phone
3182225415
Raw XML Appendix355 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0278530
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01800042
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05324486
IRS990ScheduleD/TotalExpensesPerForm990Amt01837379
IRS990ScheduleD/TotalLiabilityAmt0278530
IRS990ScheduleD/TotalRevenuePerForm990Amt01800042
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01800042
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01837379
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt032485
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CUSTOMERS OF THE WATER SYSTEM ARE CONSIDERED THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS ELECT 100% OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WILL BE REVIEWED BY KEY OFFICERS AND EMPLOYEES BEFORE FILING. THE FORM 990 WILL BE MADE AVAILABLE TO ALL BOARD MEMBERS AFTER FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH BOARD MEMBER IS PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY AND ACTIVITY IS MONITORED BY THE MANAGER AND BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGER'S COMPENSATION IS APPROVED BY THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL OTHER EMPLOYEES' COMPENSATION IS APPROVED BY THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06459831
IRS990/TotalAssetsEOYAmt06299852
IRS990/TotalAssetsGrp/BOYAmt06459831
IRS990/TotalAssetsGrp/EOYAmt06299852
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt032485
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01837379
IRS990/TotalFunctionalExpensesGrp/TotalAmt01837379
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01709701
IRS990/TotalLiabilitiesEOYAmt01587059
IRS990/TotalLiabilitiesGrp/BOYAmt01709701
IRS990/TotalLiabilitiesGrp/EOYAmt01587059
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04750130
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04712793
IRS990/TotalProgramServiceExpensesAmt01837379
IRS990/TotalProgramServiceRevenueAmt01767380
IRS990/TotalReportableCompFromOrgAmt075975
IRS990/TotalRevenueGrp/ExclusionAmt0177
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01767380
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01800042
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06459831
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06299852
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04750130
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04712793
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 96
IRS990/USAddress/CityNm0PRINCETON
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071067
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0HTTP://VILLAGEWATERSYSINC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SALIN J FAYARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum03189490223
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VILLAGE WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0VILL
ReturnHeader/Filer/EIN0720683897
ReturnHeader/Filer/PhoneNum03189490223
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 96
ReturnHeader/Filer/USAddress/CityNm0PRINCETON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071067
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0720917129
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COOK & MOREHART CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01215 HAWN AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SHREVEPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071107
ReturnHeader/PreparerPersonGrp/PhoneNum03182225415
ReturnHeader/PreparerPersonGrp/PreparationDt02017-06-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRAVIS H MOREHART CPA
ReturnHeader/ReturnTs02017-06-09T16:34:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-08-01
ReturnHeader/TaxPeriodEndDt02016-07-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,299,852
Liabilities
$1,587,059
Net assets
$4,712,793
Revenue
$1,800,042
Expenses
$1,837,379
Net income
-$37,337
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.94$1.51$0.43
2022Detailed filing. Detailed filing data is available for this year.$5.73$0.77$4.96$2.60$2.44$0.16
2021Detailed filing. Detailed filing data is available for this year.$5.70$0.89$4.80$2.13$2.08$0.05
2020Detailed filing. Detailed filing data is available for this year.$5.75$1.00$4.76$1.90$2.10$0.20
2019Detailed filing. Detailed filing data is available for this year.$6.16$1.21$4.96$2.07$2.03$0.04
2018Detailed filing. Detailed filing data is available for this year.$6.21$1.29$4.92$1.90$1.82$0.08
2017Detailed filing. Detailed filing data is available for this year.$6.26$1.43$4.84$1.92$1.80$0.13
2016Detailed filing. Detailed filing data is available for this year.$6.30$1.59$4.71$1.80$1.84$0.04
2015Detailed filing. Detailed filing data is available for this year.$6.46$1.71$4.75$1.58$1.78$0.20
2014Detailed filing. Detailed filing data is available for this year.$6.80$1.85$4.95$1.83$1.77$0.06
2013Summary only. Only limited summary data is available for this year.$6.84$1.95$4.89$1.71$1.58$0.13
2012Summary only. Only limited summary data is available for this year.$6.74$1.98$4.76$1.93$1.46$0.48
2011Summary only. Only limited summary data is available for this year.$5.35$1.07$4.28$1.98$1.27$0.70