Civic Intelligence

Milton Water System Inc

990 • Fiscal year 2017 • EIN 72-0806428

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 01, 2017

Organization ProfileN/A
PO Box 278Milton, LA 70558-0278

(337) 856-6206

Siviq Scores

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

Liabilities / Assets

65th percentile

0.41x

Higher debt load relative to assets than 65% of similar nonprofits.

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

Liabilities / Revenue

46th percentile

1.37x

Higher debt load relative to revenue than 46% of similar nonprofits.

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

Net Margin

77th percentile

18%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

43rd percentile

$0

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

50th percentile

0.5%

Faster asset growth than 50% of similar nonprofits.

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

Revenue Growth

72nd percentile

9.7%

Faster revenue growth than 72% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$5,665,912

Up $26,196 (+0.5%) from 2016

Net Assets

Up

$3,321,440

Up $239,644 (+7.8%) from 2016

Liabilities

Down

$2,344,472

Down $213,448 (-8.3%) from 2016

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin77th percentile

Revenue

Up

$1,707,591

Up $151,302 (+9.7%) from 2016

Expenses

Up

$1,407,778

Up $12,852 (+0.9%) from 2016

Net Income

Up

$299,813

Up $138,450 (+86%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$30M$20M$10M$0Assets 2011: $4,277,942Liabilities 2011: $3,024,268Net Assets 2011: $1,253,6742011Assets 2012: $4,554,890Liabilities 2012: $2,974,364Net Assets 2012: $1,580,5262012Assets 2013: $4,687,405Liabilities 2013: $2,921,073Net Assets 2013: $1,766,3322013Assets 2014: $4,909,841Liabilities 2014: $2,832,775Net Assets 2014: $2,077,0662014Assets 2015: $5,626,508Liabilities 2015: $2,739,197Net Assets 2015: $2,887,3112015Assets 2016: $5,639,716Liabilities 2016: $2,557,920Net Assets 2016: $3,081,7962016Assets 2017: $5,665,912Liabilities 2017: $2,344,472Net Assets 2017: $3,321,4402017Assets 2018: $5,674,828Liabilities 2018: $2,154,926Net Assets 2018: $3,519,9022018Assets 2019: $5,651,804Liabilities 2019: $2,293,215Net Assets 2019: $3,358,5892019Assets 2020: $6,767,870Liabilities 2020: $2,160,445Net Assets 2020: $4,607,4252020Assets 2021: $6,857,582Liabilities 2021: $2,150,032Net Assets 2021: $4,707,5502021Assets 2022: $7,344,490Liabilities 2022: $2,146,787Net Assets 2022: $5,197,7032022Assets 2023: $7,224,145Liabilities 2023: $2,072,875Net Assets 2023: $5,151,2702023Assets 2024: $11,890,959Liabilities 2024: $4,837,485Net Assets 2024: $7,053,4742024Assets 2025: $20,477,630Liabilities 2025: $8,758,515Net Assets 2025: $11,719,1152025

Highlighted filing

2017

Assets$5,665,912
Liabilities$2,344,472
Net Assets$3,321,440
Open 2017 Filing

Operations Trend

Revenue Growth72nd percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,139,8312011Expenses 2012: $1,153,3882012Revenue 2013: $1,286,978Expenses 2013: $1,136,674Net Income 2013: $150,3042013Revenue 2014: $1,364,361Expenses 2014: $1,186,729Net Income 2014: $177,6322014Revenue 2015: $1,478,891Expenses 2015: $1,228,377Net Income 2015: $250,5142015Revenue 2016: $1,556,289Expenses 2016: $1,394,926Net Income 2016: $161,3632016Revenue 2017: $1,707,591Expenses 2017: $1,407,778Net Income 2017: $299,8132017Revenue 2018: $1,657,498Expenses 2018: $1,439,681Net Income 2018: $217,8172018Revenue 2019: $1,551,461Expenses 2019: $1,461,627Net Income 2019: $89,8342019Revenue 2020: $1,640,494Expenses 2020: $1,436,973Net Income 2020: $203,5212020Revenue 2021: $1,907,835Expenses 2021: $1,807,710Net Income 2021: $100,1252021Revenue 2022: $1,878,685Expenses 2022: $1,663,079Net Income 2022: $215,6062022Revenue 2023: $1,919,029Expenses 2023: $1,965,464Net Income 2023: -$46,4352023Revenue 2024: $3,941,677Expenses 2024: $2,034,135Net Income 2024: $1,907,5422024Revenue 2025: $6,804,520Expenses 2025: $2,138,480Net Income 2025: $4,666,0402025

Highlighted filing

2017

Revenue$1,707,591
Expenses$1,407,778
Net Income$299,813
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 1, 2017
Return Version
2016v3.0
Gross Receipts
$1,710,875
Mission and Program Overview

Mission

The water system was organized to construct, maintain and operate a private water system that provides water to its members in the area of milton, louisiana.

Maintain & operate a water system constructed for the benefit of members in milton, la.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,462,262$4,511,078▲ $48,816
Cash and Non-Interest-Bearing Accounts$717,890$675,865▼ $42,025
Savings and Temporary Cash Investments$358,477$365,127▲ $6,650
Accounts Receivable$76,022$94,022▲ $18,000
Prepaid Expenses and Deferred Charges$25,065$19,820▼ $5,245
Total Assets$5,639,716$5,665,912▲ $26,196
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,432,181$2,175,536▼ $256,645
Accounts Payable and Accrued Expenses$125,739$168,936▲ $43,197
Total Liabilities$2,557,920$2,344,472▼ $213,448
Net Assets / Fund Balance
Unrestricted Net Assets$3,081,796$3,321,440▲ $239,644
Total Net Assets Fund Balance$3,081,796$3,321,440▲ $239,644
Total Liabilities and Net Assets / Fund Balance$5,639,716$5,665,912▲ $26,196

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,698--
Equipment$4,508,380$3,342,083-
Compensation and Service Providers
Top Officer Pay43rd percentile

Board Members and Trustees

NameTitle
Sinda SoileauPresident
Gertrude BoudreauxVice President
Betty GuilloryBoard Member
Larry SoileauBoard Member
Linda DesromeauxBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$20,277
Program Service Revenue
$1,689,007
Investment Income
$-1,693
Other Revenue
$0
Change in Net Assets
$299,813

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,707,591
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,707,591
Total Revenue per Form 990
$1,707,591
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,158,113
Salaries, Compensation, and Employee Benefits$249,665
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$231,203
Depreciation Depletion---$199,265
Interest---$124,818
All Other Expenses---$49,879
Insurance---$48,114
Office Expenses---$41,078
Fees for Services Accounting---$19,340
Payroll Taxes---$18,462
Other Expenses---$14,538
Fees for Services Management---$11,583
Fees for Services Legal---$4,013
Advertising---$66
Total Functional Expenses$0$0$0$1,407,778

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,467,947
Expenses per Audited Statements$1,407,778
Total Expenses per Form 990$1,407,778
Expenses Not Reported on Form 990$60,169
Expenses Not Reported on Financial Statements$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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

Form 990, Part VI, Section A, Line 2

“The water system paid $3,606 in insurance premiums to a company that is owned by a family member of a board member.”

Form 990, Part VI, Section A, Line 6

“The water system has 3,725 members who utilize the services of the organization.”

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

“The water system has 3,725 members that elect 5 governing board members.”

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

“Ultimate control resides with members through their ability to elect the board.”

Form 990, Part VI, Section B, Line 11B

“The governing board of directors approve the audited financial statements, then the form 990 is prepared from the audited financial statements.”

Form 990, Part VI, Section C, Line 18

“The organization was created in 1974. It has audited financials that are available to the public at the organization's offices during regular business hours.”

Form 990, Part VI, Section C, Line 19

“The governing board of directors makes the audited financial statements and governing documents available to the general public in their office during regular office hours.”

Filing and Contact Details

Filer

Filer Name
Milton Water System Inc
EIN
72-0806428
Phone
3378566206
Address
PO BOX 278, MILTON, LA 70558-0278

Signing Officer

Name
William Theriot
Title
CEO
Phone
3378566206
Signed
2017-12-01
Discuss with paid preparer
Yes

Organization Details

Formed
1974
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
0

Preparer

Firm
Broussard Poche Llp
Address
146 W MAIN STREET, NEW IBERIA, LA 70560
Preparer
Robert M Derouen Jr
Phone
3373644554
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Current year contributed capital in excess of tax basis (irc section 118) 0. Depreciation of contributed capital -60,169.”

FORM 990, PART XII, LINE 2C:

“The governing board of directors oversee the audit of its financial statements and the selection of an independent accountant.”

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Depreciation of contributed capital 60,169.”

Raw XML Appendix340 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/TotalRevEtcAuditedFinclStmtAmt01707591
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01467947
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE WATER SYSTEM PAID $3,606 IN INSURANCE PREMIUMS TO A COMPANY THAT IS OWNED BY A FAMILY MEMBER OF A BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE WATER SYSTEM HAS 3,725 MEMBERS WHO UTILIZE THE SERVICES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE WATER SYSTEM HAS 3,725 MEMBERS THAT ELECT 5 GOVERNING BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ULTIMATE CONTROL RESIDES WITH MEMBERS THROUGH THEIR ABILITY TO ELECT THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING BOARD OF DIRECTORS APPROVE THE AUDITED FINANCIAL STATEMENTS, THEN THE FORM 990 IS PREPARED FROM THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION WAS CREATED IN 1974. IT HAS AUDITED FINANCIALS THAT ARE AVAILABLE TO THE PUBLIC AT THE ORGANIZATION'S OFFICES DURING REGULAR BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING BOARD OF DIRECTORS MAKES THE AUDITED FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC IN THEIR OFFICE DURING REGULAR OFFICE HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CURRENT YEAR CONTRIBUTED CAPITAL IN EXCESS OF TAX BASIS (IRC SECTION 118) 0. DEPRECIATION OF CONTRIBUTED CAPITAL -60,169.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE GOVERNING BOARD OF DIRECTORS OVERSEE THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05639716
IRS990/TotalAssetsEOYAmt05665912
IRS990/TotalAssetsGrp/BOYAmt05639716
IRS990/TotalAssetsGrp/EOYAmt05665912
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt020277
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/TotalAmt01407778
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02557920
IRS990/TotalLiabilitiesEOYAmt02344472
IRS990/TotalLiabilitiesGrp/BOYAmt02557920
IRS990/TotalLiabilitiesGrp/EOYAmt02344472
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03081796
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03321440
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01407778
IRS990/TotalProgramServiceRevenueAmt01689007
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01687314
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01707591
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05639716
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05665912
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03081796
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03321440
IRS990/USAddress/AddressLine1Txt0PO BOX 278
IRS990/USAddress/CityNm0MILTON
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd0705580278
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM THERIOT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03378566206
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MILTON WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0MILT
ReturnHeader/Filer/EIN0720806428
ReturnHeader/Filer/PhoneNum03378566206
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 278
ReturnHeader/Filer/USAddress/CityNm0MILTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd0705580278
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B5043CAD6FF0162291725509FCBAA0725D589A2E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B5043CAD6FF0162291725509FCBAA0725D589A2E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.80.48.16
ReturnHeader/FilingSecurityInformation/IPDt02017-12-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm017:26:24
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0720538016
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROUSSARD POCHE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0146 W MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW IBERIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070560
ReturnHeader/PreparerPersonGrp/PhoneNum03373644554
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT M DEROUEN JR
ReturnHeader/ReturnTs02017-12-04T11:01:02-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
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
$5,665,912
Liabilities
$2,344,472
Net assets
$3,321,440
Revenue
$1,707,591
Expenses
$1,407,778
Net income
$299,813
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$20.5$8.76$11.7$6.80$2.14$4.67
2024Detailed filing. Detailed filing data is available for this year.$11.9$4.84$7.05$3.94$2.03$1.91
2023Detailed filing. Detailed filing data is available for this year.$7.22$2.07$5.15$1.92$1.97$0.05
2022Detailed filing. Detailed filing data is available for this year.$7.34$2.15$5.20$1.88$1.66$0.22
2021Detailed filing. Detailed filing data is available for this year.$6.86$2.15$4.71$1.91$1.81$0.10
2020Detailed filing. Detailed filing data is available for this year.$6.77$2.16$4.61$1.64$1.44$0.20
2019Detailed filing. Detailed filing data is available for this year.$5.65$2.29$3.36$1.55$1.46$0.09
2018Detailed filing. Detailed filing data is available for this year.$5.67$2.15$3.52$1.66$1.44$0.22
2017Detailed filing. Detailed filing data is available for this year.$5.67$2.34$3.32$1.71$1.41$0.30
2016Summary only. Only limited summary data is available for this year.$5.64$2.56$3.08$1.56$1.39$0.16
2015Detailed filing. Detailed filing data is available for this year.$5.63$2.74$2.89$1.48$1.23$0.25
2014Detailed filing. Detailed filing data is available for this year.$4.91$2.83$2.08$1.36$1.19$0.18
2013Summary only. Only limited summary data is available for this year.$4.69$2.92$1.77$1.29$1.14$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.55$2.97$1.58$1.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.28$3.02$1.25$1.14