Civic Intelligence

Village Water System Inc

990 • Fiscal year 2018 • EIN 72-0683897

Aug 01, 2017 to Jul 31, 2018 • Filed on Jan 23, 2019

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

0.21x

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

2018 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

35th percentile

0.67x

Higher debt load relative to revenue than 35% of similar nonprofits.

2018 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2018

Net Margin

45th percentile

4.4%

Higher net margin than 45% of similar nonprofits.

2018 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

79th percentile

$80,993

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2018 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2018

Asset Growth

34th percentile

-0.9%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

27th percentile

-1.0%

Faster revenue growth than 27% of similar nonprofits.

2018 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$6,207,217

Down $57,238 (-0.9%) from 2017

Net Assets

Up

$4,921,881

Up $83,160 (+1.7%) from 2017

Liabilities

Down

$1,285,336

Down $140,398 (-9.8%) from 2017

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin45th percentile

Revenue

Down

$1,904,291

Down $18,294 (-1.0%) from 2017

Expenses

Up

$1,821,131

Up $24,474 (+1.4%) from 2017

Net Income

Down

$83,160

Down $42,768 (-34%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth34th 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

2018

Assets$6,207,217
Liabilities$1,285,336
Net Assets$4,921,881
Open 2018 Filing

Operations Trend

Revenue Growth27th 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

2018

Revenue$1,904,291
Expenses$1,821,131
Net Income$83,160
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
Jan 23, 2019
Return Version
2017v2.3
Gross Receipts
$1,904,291
Mission and Program Overview

Mission

WATER DISTRIBUTION.

WATER DISTRIBUTION

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,128,297$4,926,044▼ $202,253
Cash and Non-Interest-Bearing Accounts$692,920$771,814▲ $78,894
Savings and Temporary Cash Investments$283,029$285,087▲ $2,058
Accounts Receivable$141,946$197,693▲ $55,747
Prepaid Expenses and Deferred Charges$17,865$26,181▲ $8,316
Total Assets$6,264,455$6,207,217▼ $57,238
Other Assets Total$398$398→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,071,137$924,769▼ $146,368
Other Liabilities$283,029$285,087▲ $2,058
Accounts Payable and Accrued Expenses$71,568$75,480▲ $3,912
Total Liabilities$1,425,734$1,285,336▼ $140,398
Net Assets / Fund Balance
Unrestricted Net Assets$4,838,721$4,921,881▲ $83,160
Total Net Assets Fund Balance$4,838,721$4,921,881▲ $83,160
Total Liabilities and Net Assets / Fund Balance$6,264,455$6,207,217▼ $57,238

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,567,069$4,281,732$8,848,801
Buildings$185,304$145,981$331,285
Land$150,664-$150,664
Other Land Buildings$23,007$106,640$129,647
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Salin J FayardManagerFT$80,993$80,993

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Bayou Country Contractors & IrrigationConstruction6931 HONEY CREEK LANE, Shreveport, LA 71107$142,376
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,893,012
Investment Income
$11,279
Other Revenue
$0
Change in Net Assets
$83,160

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,904,291
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,904,291
Total Revenue per Form 990
$1,904,291
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,589,765
Salaries, Compensation, and Employee Benefits$231,366
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$328,324--$328,324
Current Officers, Directors, Trustees, and Key Employees$213,014--$213,014
All Other Expenses$112,372--$112,372
Insurance$74,469--$74,469
Office Expenses$64,066--$64,066
Other Expenses$56,867--$56,867
Interest$44,841--$44,841
Payroll Taxes$18,352--$18,352
Fees for Services Accounting$10,595--$10,595
Total Functional Expenses$1,821,131$0$0$1,821,131

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,821,131
Total Expenses per Audited Statements$1,821,131
Total Expenses per Form 990$1,821,131
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$285,087
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
2019-01-23

Organization Details

Principal Officer
Salin J Fayard
Formed
1967
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
0

Preparer

Firm
COOK & MOREHART CPA'S
Address
1215 HAWN AVENUE, SHREVEPORT, LA 71107
Preparer
Travis H Morehart CPA
Phone
3182225415
Raw XML Appendix367 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/LeaseholdImprovementsGrp/DepreciationAmt04281732
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08848801
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt023007
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0106640
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0129647
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0285087
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01904291
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04926044
IRS990ScheduleD/TotalExpensesPerForm990Amt01821131
IRS990ScheduleD/TotalLiabilityAmt0285087
IRS990ScheduleD/TotalRevenuePerForm990Amt01904291
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01904291
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01821131
IRS990/ScheduleJRequiredInd00
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/TotalAssetsBOYAmt06264455
IRS990/TotalAssetsEOYAmt06207217
IRS990/TotalAssetsGrp/BOYAmt06264455
IRS990/TotalAssetsGrp/EOYAmt06207217
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01821131
IRS990/TotalFunctionalExpensesGrp/TotalAmt01821131
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01425734
IRS990/TotalLiabilitiesEOYAmt01285336
IRS990/TotalLiabilitiesGrp/BOYAmt01425734
IRS990/TotalLiabilitiesGrp/EOYAmt01285336
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04838721
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04921881
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01821131
IRS990/TotalProgramServiceRevenueAmt01893012
IRS990/TotalReportableCompFromOrgAmt080993
IRS990/TotalRevenueGrp/ExclusionAmt011279
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01893012
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01904291
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06264455
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06207217
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04838721
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04921881
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SALIN FAYARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum03189490223
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-23
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/AtSubmissionCreationDeviceId042C9ACD7E4A9F638B8297654C10B5DD38631910A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A98C32888B4B0F975F3F7BD49C32D073693E4993
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.76.210.145
ReturnHeader/FilingSecurityInformation/IPDt02019-01-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:44:58
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/ReturnTs02019-01-23T15:47:28-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-08-01
ReturnHeader/TaxPeriodEndDt02018-07-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,207,217
Liabilities
$1,285,336
Net assets
$4,921,881
Revenue
$1,904,291
Expenses
$1,821,131
Net income
$83,160
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