Civic Intelligence

Village Water System Inc

990 • Fiscal year 2017 • EIN 72-0683897

Aug 01, 2016 to Jul 31, 2017 • Filed on Jun 07, 2018

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

40th percentile

0.23x

Higher debt load relative to assets than 40% of similar nonprofits.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

37th percentile

0.74x

Higher debt load relative to revenue than 37% of similar nonprofits.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2017

Net Margin

51st percentile

6.5%

Higher net margin than 51% of similar nonprofits.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

80th percentile

$78,634

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2017

Asset Growth

37th percentile

-0.6%

Faster asset growth than 37% of similar nonprofits.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

66th percentile

6.8%

Faster revenue growth than 66% of similar nonprofits.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets40th percentile

Assets

Down

$6,264,455

Down $35,397 (-0.6%) from 2016

Net Assets

Up

$4,838,721

Up $125,928 (+2.7%) from 2016

Liabilities

Down

$1,425,734

Down $161,325 (-10%) from 2016

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin51st percentile

Revenue

Up

$1,922,585

Up $122,543 (+6.8%) from 2016

Expenses

Down

$1,796,657

Down $40,722 (-2.2%) from 2016

Net Income

Up

$125,928

Up $163,265 (+437%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth37th 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

2017

Assets$6,264,455
Liabilities$1,425,734
Net Assets$4,838,721
Open 2017 Filing

Operations Trend

Revenue Growth66th 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

2017

Revenue$1,922,585
Expenses$1,796,657
Net Income$125,928
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Jun 7, 2018
Return Version
2016v3.0
Gross Receipts
$1,922,585
Mission and Program Overview

Mission

WATER DISTRIBUTION.

WATER DISTRIBUTION

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,324,486$5,128,297▼ $196,189
Cash and Non-Interest-Bearing Accounts$500,477$692,920▲ $192,443
Savings and Temporary Cash Investments$278,530$283,029▲ $4,499
Accounts Receivable$173,956$141,946▼ $32,010
Prepaid Expenses and Deferred Charges$22,005$17,865▼ $4,140
Total Assets$6,299,852$6,264,455▼ $35,397
Other Assets Total$398$398→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,214,761$1,071,137▼ $143,624
Other Liabilities$278,530$283,029▲ $4,499
Accounts Payable and Accrued Expenses$93,768$71,568▼ $22,200
Total Liabilities$1,587,059$1,425,734▼ $161,325
Net Assets / Fund Balance
Unrestricted Net Assets$4,712,793$4,838,721▲ $125,928
Total Net Assets Fund Balance$4,712,793$4,838,721▲ $125,928
Total Liabilities and Net Assets / Fund Balance$6,299,852$6,264,455▼ $35,397

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,816,707$3,982,705$8,799,412
Buildings$170,881$134,722$305,603
Other Land Buildings$41,045$88,602$129,647
Land$99,664-$99,664
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Salin J FayardManagerFT$78,634$78,634

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$32,000
Program Service Revenue
$1,890,347
Investment Income
$238
Other Revenue
$0
All Other Contributions
$32,000
Change in Net Assets
$125,928

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$32,000Fair Market Value
Total Noncash Contributions1$32,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,922,585
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,922,585
Total Revenue per Form 990
$1,922,585
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,577,687
Salaries, Compensation, and Employee Benefits$218,970
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$329,289--$329,289
Other Salaries and Wages$123,230--$123,230
All Other Expenses$117,435--$117,435
Other Expenses$79,695--$79,695
Current Officers, Directors, Trustees, and Key Employees$78,634--$78,634
Insurance$77,580--$77,580
Office Expenses$71,535--$71,535
Interest$51,576--$51,576
Payroll Taxes$17,106--$17,106
Fees for Services Accounting$9,976--$9,976
Total Functional Expenses$1,796,657$0$0$1,796,657

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,796,657
Total Expenses per Audited Statements$1,796,657
Total Expenses per Form 990$1,796,657
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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$283,029
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, Part VI, Section A, Line 6

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

Form 990, Part VI, Section A, Line 7A

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

Form 990, Part VI, Section B, 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, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section B, Line 15

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

Form 990, Part VI, Section C, 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 Fayard
Title
Manager
Phone
3189490223
Signed
2018-06-07

Organization Details

Principal Officer
Salin J Fayard
Formed
1967
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
0

Preparer

Firm
COOK & MOREHART CPA'S
Address
1215 HAWN AVENUE, SHREVEPORT, LA 71107
Preparer
Travis H Morehart CPA
Phone
3182225415
Raw XML Appendix380 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/BuildingsGrp/OtherCostOrOtherBasisAmt0305603
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01796657
IRS990ScheduleD/LandGrp/BookValueAmt099664
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt099664
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04816707
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03982705
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08799412
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt041045
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt088602
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0129647
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0283029
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01922585
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05128297
IRS990ScheduleD/TotalExpensesPerForm990Amt01796657
IRS990ScheduleD/TotalLiabilityAmt0283029
IRS990ScheduleD/TotalRevenuePerForm990Amt01922585
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01922585
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01796657
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0WATER LINES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt032000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
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 ANDACTIVITY IS MONITORED BY THE MANAGER AND BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGER'S COMPENSATION IS APPROVED BY THE GOVERNING BOARD.ALL OTHER EMPLOYEES' COMPENSATION IS APPROVED BY THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06299852
IRS990/TotalAssetsEOYAmt06264455
IRS990/TotalAssetsGrp/BOYAmt06299852
IRS990/TotalAssetsGrp/EOYAmt06264455
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt032000
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01796657
IRS990/TotalFunctionalExpensesGrp/TotalAmt01796657
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01587059
IRS990/TotalLiabilitiesEOYAmt01425734
IRS990/TotalLiabilitiesGrp/BOYAmt01587059
IRS990/TotalLiabilitiesGrp/EOYAmt01425734
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04712793
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04838721
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01796657
IRS990/TotalProgramServiceRevenueAmt01890347
IRS990/TotalReportableCompFromOrgAmt078634
IRS990/TotalRevenueGrp/ExclusionAmt0238
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01890347
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01922585
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06299852
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06264455
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04712793
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04838721
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/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SALIN FAYARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum03189490223
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-07
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0E7449D9958271F8B1D907520EF4E7BA73A8A9814
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F67A51C3DBADB17BF63B2769292523D5226226B0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.76.210.145
ReturnHeader/FilingSecurityInformation/IPDt02018-06-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:53:54
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/PreparerPersonNm0TRAVIS H MOREHART CPA
ReturnHeader/ReturnTs02018-06-07T08:56:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-08-01
ReturnHeader/TaxPeriodEndDt02017-07-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,264,455
Liabilities
$1,425,734
Net assets
$4,838,721
Revenue
$1,922,585
Expenses
$1,796,657
Net income
$125,928
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