Civic Intelligence

Village Water System Inc

990 • Fiscal year 2020 • EIN 72-0683897

Aug 01, 2019 to Jul 31, 2020 • Filed on Nov 02, 2020

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

34th percentile

0.17x

Higher debt load relative to assets than 34% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

32nd percentile

0.52x

Higher debt load relative to revenue than 32% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Net Margin

12th percentile

-11%

Higher net margin than 12% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

81st percentile

$85,926

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Asset Growth

1st percentile

-6.7%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-8.1%

Faster revenue growth than 11% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$5,752,477

Down $412,244 (-6.7%) from 2019

Net Assets

Down

$4,755,926

Down $201,659 (-4.1%) from 2019

Liabilities

Down

$996,551

Down $210,585 (-17%) from 2019

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin12th percentile

Revenue

Down

$1,902,189

Down $167,503 (-8.1%) from 2019

Expenses

Up

$2,103,848

Up $69,860 (+3.4%) from 2019

Net Income

Down

-$201,659

Down $237,363 (-665%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2020

Assets$5,752,477
Liabilities$996,551
Net Assets$4,755,926
Open 2020 Filing

Operations Trend

Revenue Growth11th 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

2020

Revenue$1,902,189
Expenses$2,103,848
Net Income-$201,659
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Nov 2, 2020
Return Version
2019v5.1
Gross Receipts
$1,902,189
Mission and Program Overview

Mission

WATER DISTRIBUTION.

WATER DISTRIBUTION

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,030,079$4,794,674▼ $235,405
Cash and Non-Interest-Bearing Accounts$677,093$491,400▼ $185,693
Savings and Temporary Cash Investments$290,048$296,283▲ $6,235
Accounts Receivable$143,243$161,629▲ $18,386
Prepaid Expenses and Deferred Charges$23,860$8,093▼ $15,767
Total Assets$6,164,721$5,752,477▼ $412,244
Other Assets Total$398$398→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$779,587$628,017▼ $151,570
Other Liabilities$290,048$296,283▲ $6,235
Accounts Payable and Accrued Expenses$137,501$72,251▼ $65,250
Total Liabilities$1,207,136$996,551▼ $210,585
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,957,585$4,755,926▼ $201,659
Total Net Assets Fund Balance$4,957,585$4,755,926▼ $201,659
Total Liabilities and Net Assets / Fund Balance$6,164,721$5,752,477▼ $412,244

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,446,185$4,896,014$9,342,199
Buildings$167,928$170,095$338,023
Other Land Buildings$29,897$140,819$170,716
Land$150,664-$150,664
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Salin J FayardManagerFT$85,926$85,926

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Aa Meter ReadingsMeter Readings & RepairsPO BOX 816, Haughton, LA 71037$241,269
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,891,984
Investment Income
$10,205
Other Revenue
$0
Change in Net Assets
$-201,659

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,902,189
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,902,189
Total Revenue per Form 990
$1,902,189
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,857,143
Salaries, Compensation, and Employee Benefits$246,705
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$322,835$16,519-$339,354
Current Officers, Directors, Trustees, and Key Employees$65,572$162,351-$227,923
All Other Expenses$73,099$42,739-$115,838
Insurance$71,075$4,537-$75,612
Other Expenses$70,395$2,317-$70,395
Office Expenses-$65,659-$65,659
Interest-$30,598-$30,598
Payroll Taxes$5,403$13,379-$18,782
Fees for Services Accounting-$12,350-$12,350
Total Functional Expenses$1,753,399$350,449$0$2,103,848

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,103,848
Total Expenses per Audited Statements$2,103,848
Total Expenses per Form 990$2,103,848
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$296,283
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 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
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
2020-11-02

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 Appendix375 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.

Path#Value
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0296283
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0167928
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0170095
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0338023
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02103848
IRS990ScheduleD/LandGrp/BookValueAmt0150664
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0150664
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04446185
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04896014
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09342199
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt029897
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0140819
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0170716
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0296283
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01902189
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04794674
IRS990ScheduleD/TotalExpensesPerForm990Amt02103848
IRS990ScheduleD/TotalLiabilityAmt0296283
IRS990ScheduleD/TotalRevenuePerForm990Amt01902189
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01902189
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02103848
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06164721
IRS990/TotalAssetsEOYAmt05752477
IRS990/TotalAssetsGrp/BOYAmt06164721
IRS990/TotalAssetsGrp/EOYAmt05752477
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0350449
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01753399
IRS990/TotalFunctionalExpensesGrp/TotalAmt02103848
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01207136
IRS990/TotalLiabilitiesEOYAmt0996551
IRS990/TotalLiabilitiesGrp/BOYAmt01207136
IRS990/TotalLiabilitiesGrp/EOYAmt0996551
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04957585
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04755926
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01753399
IRS990/TotalProgramServiceRevenueAmt01891984
IRS990/TotalReportableCompFromOrgAmt085926
IRS990/TotalRevenueGrp/ExclusionAmt010205
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01891984
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01902189
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06164721
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05752477
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SALIN FAYARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum03189490223
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-02
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/AtSubmissionCreationDeviceId034B479E137C192F161118F9626740A2B93C6D654
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A98C32888B4B0F975F3F7BD49C32D073693E4993
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.76.210.145
ReturnHeader/FilingSecurityInformation/IPDt02020-11-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:41:10
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/ReturnTs02020-11-02T16:43:02-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-08-01
ReturnHeader/TaxPeriodEndDt02020-07-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,752,477
Liabilities
$996,551
Net assets
$4,755,926
Revenue
$1,902,189
Expenses
$2,103,848
Net income
-$201,659
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