Civic Intelligence

Hagewood Water System Inc

990 • Fiscal year 2017 • EIN 72-0859395

Jan 01, 2017 to Dec 31, 2017 • Filed on Feb 19, 2018

Organization Profile
816 University Pkwy Ste ANatchitoches, LA 71457

(318) 357-1520

Siviq Scores

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

Liabilities / Assets

98th percentile

0.93x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

5.72x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Net Margin

25th percentile

-5.5%

Higher net margin than 25% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2017 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2017

Asset Growth

25th percentile

-2.5%

Faster asset growth than 25% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

18%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$1,171,523

Down $29,872 (-2.5%) from 2016

Net Assets

Down

$82,547

Down $10,163 (-11%) from 2016

Liabilities

Down

$1,088,976

Down $19,709 (-1.8%) from 2016

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin25th percentile

Revenue

Up

$190,488

Up $29,313 (+18%) from 2016

Expenses

Down

$201,001

Down $14,497 (-6.7%) from 2016

Net Income

Up

-$10,513

Up $43,810 (+81%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $259,718Liabilities 2012: $21,325Net Assets 2012: $238,3932012Assets 2013: $1,386,774Liabilities 2013: $1,162,800Net Assets 2013: $223,9742013Assets 2014: $1,337,184Liabilities 2014: $1,148,874Net Assets 2014: $188,3102014Assets 2015: $1,277,250Liabilities 2015: $1,130,817Net Assets 2015: $146,4332015Assets 2016: $1,201,395Liabilities 2016: $1,108,685Net Assets 2016: $92,7102016Assets 2017: $1,171,523Liabilities 2017: $1,088,976Net Assets 2017: $82,5472017Assets 2018: $1,118,358Liabilities 2018: $1,069,030Net Assets 2018: $49,3282018Assets 2019: $1,095,029Liabilities 2019: $1,049,228Net Assets 2019: $45,8012019Assets 2020: $1,051,320Liabilities 2020: $1,028,362Net Assets 2020: $22,9582020Assets 2021: $1,015,507Liabilities 2021: $1,006,400Net Assets 2021: $9,1072021Assets 2022: $992,513Liabilities 2022: $999,189Net Assets 2022: -$6,6762022Assets 2023: $1,456,230Liabilities 2023: $1,295,872Net Assets 2023: $160,3582023Assets 2024: $2,814,026Liabilities 2024: $1,327,552Net Assets 2024: $1,486,4742024

Highlighted filing

2017

Assets$1,171,523
Liabilities$1,088,976
Net Assets$82,547
Open 2017 Filing

Operations Trend

Revenue Growth87th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $88,9482012Revenue 2013: $1,586,636Expenses 2013: $1,601,605Net Income 2013: -$14,9692013Revenue 2014: $178,685Expenses 2014: $214,697Net Income 2014: -$36,0122014Revenue 2015: $142,625Expenses 2015: $184,953Net Income 2015: -$42,3282015Revenue 2016: $161,175Expenses 2016: $215,498Net Income 2016: -$54,3232016Revenue 2017: $190,488Expenses 2017: $201,001Net Income 2017: -$10,5132017Revenue 2018: $198,308Expenses 2018: $231,879Net Income 2018: -$33,5712018Revenue 2019: $196,227Expenses 2019: $200,004Net Income 2019: -$3,7772019Revenue 2020: $196,152Expenses 2020: $219,445Net Income 2020: -$23,2932020Revenue 2021: $191,121Expenses 2021: $233,079Net Income 2021: -$41,9582021Revenue 2022: $223,316Expenses 2022: $224,839Net Income 2022: -$1,5232022Revenue 2023: $416,603Expenses 2023: $264,628Net Income 2023: $151,9752023Revenue 2024: $365,090Expenses 2024: $373,414Net Income 2024: -$8,3242024

Highlighted filing

2017

Revenue$190,488
Expenses$201,001
Net Income-$10,513
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 19, 2018
Return Version
2017v2.2
Gross Receipts
$190,488
Mission and Program Overview

Mission

Sale and distribution of water to rural community citizens

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,017,882$962,141▼ $55,741
Cap Stk Tr Prin Current Funds$121,391$121,741▲ $350
Cash and Non-Interest-Bearing Accounts$81,000$101,171▲ $20,171
Savings and Temporary Cash Investments$92,627$90,681▼ $1,946
Accounts Receivable$9,886$17,530▲ $7,644
Rtn Earn Endowment Incm Other Fnds$-28,681$-39,194▼ $10,513
Total Assets$1,201,395$1,171,523▼ $29,872
Liabilities
Accounts Payable and Accrued Expenses$1,084,835$1,063,676▼ $21,159
Other Liabilities$23,850$25,300▲ $1,450
Total Liabilities$1,108,685$1,088,976▼ $19,709
Net Assets / Fund Balance
Total Net Assets Fund Balance$92,710$82,547▼ $10,163
Total Liabilities and Net Assets / Fund Balance$1,201,395$1,171,523▼ $29,872

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$891,021$228,587$1,119,608
Equipment$55,510$285,694$341,204
Land$15,610-$15,610
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
John BynogPresident
Curtis LacourBoard Member
Erika AyateyBoard Member
Sandy IrchirlBoard Member
Leslie Dunn JrOperator
Nettles BrownSecretary/tr
Scottie RodgersVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$190,398
Investment Income
$90
Other Revenue
$0
Change in Net Assets
$-10,513
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,001
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$62,241
All Other Expenses---$26,020
Fees for Services Accounting---$24,547
Interest---$20,158
Other Expenses---$12,000
Insurance---$6,626
Office Expenses---$556
Fees for Services Legal---$341
Total Functional Expenses$0$0$0$201,001
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 Meter Deposits$25,300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Outside services are contracted and monitored by the board of directors for system maintenance, monthly billing and collections, check writing for system obligations and preparing monthly financial statements.”

Form 990, Page 6, Part VI, Line 6

“All individuals who have water meters with the system are considered to be members.”

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

“All members who are current on payment of their water usage are eligible to nominate and vote for any individual who is a member of the system to serve on the board of directors.”

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

“All decisions of the board can be changed by the membership if the majority of the members disagree with the action taken by the board.”

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

“The form 990 is presented to the board for their review and comments. It is also available for review by any member of the system upon request.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available to any member of the system upon request.”

Filing and Contact Details

Filer

Filer Name
Hagewood Water System Inc
EIN
72-0859395
Address
816 UNIVERSITY PKWY STE A, NATCHITOCHES, LA 71457

Signing Officer

Name
John Bynog
Title
President
Phone
3183571520
Signed
2018-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Bynog
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Waskom Brown & Associates LLC
Address
816 UNIVERSITY PKWY STE A, NATCHITOCHES, LA 71457-3918
Preparer
Nettles Brown
Phone
3183571520
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Billing/collection fees 10,660 0 0 meter read/ reconnect fee 6,140 0 0 taxes & licenses 3,741 0 0 telephone 2,695 0 0 mileage reimbursement 1,141 0 0 postage 1,105 0 0 dues & subscriptions 531 0 0 bank service charges 6 0 0 service charge 1 0 0 total 26,020 0 0”

Form 990, Part XI, Line 9

“Increase in membership fees 350 the change in fund balances is due to increase in membership fees.”

Raw XML Appendix309 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL INDIVIDUALS WHO HAVE WATER METERS WITH THE SYSTEM ARE CONSIDERED TO BE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS WHO ARE CURRENT ON PAYMENT OF THEIR WATER USAGE ARE ELIGIBLE TO NOMINATE AND VOTE FOR ANY INDIVIDUAL WHO IS A MEMBER OF THE SYSTEM TO SERVE ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DECISIONS OF THE BOARD CAN BE CHANGED BY THE MEMBERSHIP IF THE MAJORITY OF THE MEMBERS DISAGREE WITH THE ACTION TAKEN BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS PRESENTED TO THE BOARD FOR THEIR REVIEW AND COMMENTS. IT IS ALSO AVAILABLE FOR REVIEW BY ANY MEMBER OF THE SYSTEM UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE TO ANY MEMBER OF THE SYSTEM UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BILLING/COLLECTION FEES 10,660 0 0 METER READ/ RECONNECT FEE 6,140 0 0 TAXES & LICENSES 3,741 0 0 TELEPHONE 2,695 0 0 MILEAGE REIMBURSEMENT 1,141 0 0 POSTAGE 1,105 0 0 DUES & SUBSCRIPTIONS 531 0 0 BANK SERVICE CHARGES 6 0 0 SERVICE CHARGE 1 0 0 TOTAL 26,020 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7INCREASE IN MEMBERSHIP FEES 350 THE CHANGE IN FUND BALANCES IS DUE TO INCREASE IN MEMBERSHIP FEES.
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0201001
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01108685
IRS990/TotalLiabilitiesEOYAmt01088976
IRS990/TotalLiabilitiesGrp/BOYAmt01108685
IRS990/TotalLiabilitiesGrp/EOYAmt01088976
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt092710
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt082547
IRS990/TotalProgramServiceRevenueAmt0190398
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0190488
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0190488
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01201395
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01171523
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02876 POSEY RD
IRS990/USAddress/CityNm0NATCHITOCHES
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071457
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN BYNOG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03183571520
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HAGEWOOD WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0HAGE
ReturnHeader/Filer/EIN0720859395
ReturnHeader/Filer/USAddress/AddressLine1Txt0816 UNIVERSITY PKWY STE A
ReturnHeader/Filer/USAddress/CityNm0NATCHITOCHES
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AC054FBD20A01AF3B31DA548735F78ED4DC90E5F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C97D25DA7DF03939FEF0DC6B295F84DE413CA112
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.243.174.37
ReturnHeader/FilingSecurityInformation/IPDt02018-03-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:19:32
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721453488
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WASKOM BROWN & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0816 UNIVERSITY PKWY STE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NATCHITOCHES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0714573918
ReturnHeader/PreparerPersonGrp/PhoneNum03183571520
ReturnHeader/PreparerPersonGrp/PreparationDt02018-03-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NETTLES BROWN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-03-01T15:19:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,171,523
Liabilities
$1,088,976
Net assets
$82,547
Revenue
$190,488
Expenses
$201,001
Net income
-$10,513
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$1.33$1.49$0.37$0.37$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.46$1.30$0.16$0.42$0.26$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.99$1.00$0.01$0.22$0.22$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.02$1.01$0.01$0.19$0.23$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.05$1.03$0.02$0.20$0.22$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.10$1.05$0.05$0.20$0.20$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.12$1.07$0.05$0.20$0.23$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.17$1.09$0.08$0.19$0.20$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.20$1.11$0.09$0.16$0.22$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.28$1.13$0.15$0.14$0.18$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.34$1.15$0.19$0.18$0.21$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.39$1.16$0.22$1.59$1.60$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.02$0.24$0.09