Civic Intelligence

Alberta Water System Inc

990 • Fiscal year 2021 • EIN 72-1058154

Jan 01, 2021 to Dec 31, 2021 • Filed on May 11, 2022

Organization ProfileWWW.ALBERTAWATERSYSTEM.ORG
PO Box 145Castor, LA 71016

(318) 544-8485

Siviq Scores

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

Liabilities / Assets

77th percentile

0.48x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

84th percentile

3.27x

Higher debt load relative to revenue than 84% of similar nonprofits.

2021 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2021

Net Margin

67th percentile

14%

Higher net margin than 67% of similar nonprofits.

2021 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

82nd percentile

$12,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2021 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2021

Asset Growth

51st percentile

1.0%

Faster asset growth than 51% of similar nonprofits.

2021 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-86%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$2,719,221

Up $27,626 (+1.0%) from 2020

Net Assets

Up

$1,422,332

Up $60,138 (+4.4%) from 2020

Liabilities

Down

$1,296,889

Down $32,512 (-2.4%) from 2020

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin67th percentile

Revenue

Down

$396,369

Down $2,508,733 (-86%) from 2020

Expenses

Down

$342,284

Down $2,476,912 (-88%) from 2020

Net Income

Down

$54,085

Down $31,821 (-37%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2009: $525,482Liabilities 2009: $733,943Net Assets 2009: -$208,4612009Assets 2010: $546,088Liabilities 2010: $697,235Net Assets 2010: -$151,1472010Assets 2011: $543,662Liabilities 2011: $656,627Net Assets 2011: -$112,9652011Assets 2017: $600,124Liabilities 2017: $541,101Net Assets 2017: $59,0232017Assets 2018: $606,394Liabilities 2018: $498,700Net Assets 2018: $107,6942018Assets 2019: $626,195Liabilities 2019: $473,922Net Assets 2019: $152,2732019Assets 2020: $2,691,595Liabilities 2020: $1,329,401Net Assets 2020: $1,362,1942020Assets 2021: $2,719,221Liabilities 2021: $1,296,889Net Assets 2021: $1,422,3322021Assets 2022: $2,714,937Liabilities 2022: $1,263,830Net Assets 2022: $1,451,1072022Assets 2023: $2,762,522Liabilities 2023: $1,228,274Net Assets 2023: $1,534,2482023Assets 2024: $2,791,797Liabilities 2024: $1,191,100Net Assets 2024: $1,600,6972024

Highlighted filing

2021

Assets$2,719,221
Liabilities$1,296,889
Net Assets$1,422,332
Open 2021 Filing

Operations Trend

Revenue Growth1st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2009: $245,272Expenses 2009: $241,651Net Income 2009: $3,6212009Revenue 2010: $247,593Expenses 2010: $231,066Net Income 2010: $16,5272010Revenue 2011: $267,841Expenses 2011: $268,007Net Income 2011: -$1662011Revenue 2017: $317,246Expenses 2017: $286,854Net Income 2017: $30,3922017Revenue 2018: $359,103Expenses 2018: $346,962Net Income 2018: $12,1412018Revenue 2019: $314,073Expenses 2019: $268,099Net Income 2019: $45,9742019Revenue 2020: $2,905,102Expenses 2020: $2,819,196Net Income 2020: $85,9062020Revenue 2021: $396,369Expenses 2021: $342,284Net Income 2021: $54,0852021Revenue 2022: $320,308Expenses 2022: $308,720Net Income 2022: $11,5882022Revenue 2023: $407,122Expenses 2023: $348,999Net Income 2023: $58,1232023Revenue 2024: $445,126Expenses 2024: $370,636Net Income 2024: $74,4902024

Highlighted filing

2021

Revenue$396,369
Expenses$342,284
Net Income$54,085
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 11, 2022
Return Version
2021v4.2
Gross Receipts
$396,369
Mission and Program Overview

Mission

Produce and provide potable water to residential housing and businesses within the unincorporated areas castor, jamestown and ashland, la. Aws has several deep water wells that distribute water by using main water lines

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,557,713$2,557,713→ $0
Savings and Temporary Cash Investments$74,678$105,741▲ $31,063
Accounts Receivable$25,863$33,444▲ $7,581
Cash and Non-Interest-Bearing Accounts$33,341$22,323▼ $11,018
Total Assets$2,691,595$2,719,221▲ $27,626
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,302,124$1,268,266▼ $33,858
Escrow Account Liability$27,267$28,569▲ $1,302
Accounts Payable and Accrued Expenses$10$54▲ $44
Total Liabilities$1,329,401$1,296,889▼ $32,512
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,362,194$1,422,332▲ $60,138
Total Net Assets Fund Balance$1,362,194$1,422,332▲ $60,138
Total Liabilities and Net Assets / Fund Balance$2,691,595$2,719,221▲ $27,626

Asset Categories

AssetBook ValueDepreciationBasis
Land$53,883-$53,883
Buildings$30,000-$30,000
Other Land Buildings$3,580--
Equipment$2,470,250--
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Scott YarnellSecretary/treasurerPT$12,000$12,000

Board Members and Trustees

NameTitle
Roy SullivanPresident
Leigh AdkinsVice-president
Randy HillBoard Member
Ricky HayBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$62,175
Program Service Revenue
$324,247
Investment Income
$444
Other Revenue
$9,503
Change in Net Assets
$54,085
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$308,306
Salaries, Compensation, and Employee Benefits$33,978
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$36,963
Interest---$32,319
Other Salaries and Wages---$19,637
Current Officers, Directors, Trustees, and Key Employees---$12,000
Office Expenses---$10,292
Insurance---$7,056
Other Expenses---$7,047
Payments to Affiliates---$5,509
Fees for Services Legal---$3,184
Information Technology---$3,074
Payroll Taxes---$2,341
Total Functional Expenses$0$0$0$342,284
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

“During the first meeting of the year during our annual meeting for members to approve all actions taken by the board of directors in the previous year and elect new board members if any are rotating off the board the board of directors are reequired to complete an conflict of interest worksheet.”

Form 990, Part VI, Section C, Line 19

“At the annual meeting all members aka customers are notified that the documents on file are available for inspection at any time. The proper contact person is the secretary/treasurer. It is also now posted on our website at www.albertawatersystem.org.”

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

“The secretary/tresurer prepares the form 990 and supplemental information and presents the final copy to the board of directors at a meeting in which the filing is disussed and voted for final approval and mailing to the irs.”

Filing and Contact Details

Filer

Filer Name
Alberta Water System Inc
EIN
72-1058154
Phone
3185448485
Address
PO BOX 145, CASTOR, LA 71016

Signing Officer

Name
Scott Yarnell
Title
Secretarytreasuer
Phone
3185448485
Signed
2022-05-11
Discuss with paid preparer
No

Organization Details

Principal Officer
Scott Yarnell
Formed
1972
Legal Domicile
La
Voting Board Members
5
Independent Board Members
4
Employees
3
Raw XML Appendix316 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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IRS990/Desc0ALBERTA WATER SYSTEM, INC, IS LIKE A MUTUAL DITCH OR IRRIGATION COMPANY IN THE WE PROVIDE A BENEFIT AND SERVICE TO THE MEMBERS OF THE SYSTEM TO WHICH NO LOCAL, STATE OR FEDERAL GOVERNMENTAL AGENCY PROVIDES DRINKING WATER FOR RESIDENTIAL AND BUSINESS CUSTOMERS. EVERY CUSTOMER IS A MEMBER OF AWS AND HAS A RIGHT TO VOTE ON WHO SERVES ON THE BOARD OF DIRECTORS. A DIRECTOR HAS TO BE A MEMBER CUSTOMER OF AWS AND HAS TO BE NOMINATED TO THE BOARD BY OTHER MEMBERS CUSTOMERS. AWS WAS CREATED BY MEMBERS CUSTOMERS AS A NOT FOR PROFIT COMPANY AND PAYS NO DIVIDENDS OR SELLS ANY STOCK. WE HAVE TWO WATER PROCESSING PLANTS WITH GROUND STORAGE WATER TANKS, TWO STANDPIPE WATER TANKS, WATER TREATMENT FACILITIES AT EACH PLANT AND APPROXIMATELY 100 MILES OF MAIN WATER LINES THROUGHOUT THE AREA WE SERVICE. CUSTOMERS ARE CONNECTED TO THE MAIN LINES VIA WATER METERS AND THEY PAY FOR METERED WATER SERVICE. AWS HAS ONE OPERATOR THAT OPERATES THE WATER SYSTEM 7 DAYS A WEEK WHICH CONSIST OF PLANT CHECKS, WATER SAMPLING TESTING, REPAIR OF MAIN WATER LINES AND INSTALLATION OF METERS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING THE FIRST MEETING OF THE YEAR DURING OUR ANNUAL MEETING FOR MEMBERS TO APPROVE ALL ACTIONS TAKEN BY THE BOARD OF DIRECTORS IN THE PREVIOUS YEAR AND ELECT NEW BOARD MEMBERS IF ANY ARE ROTATING OFF THE BOARD THE BOARD OF DIRECTORS ARE REEQUIRED TO COMPLETE AN CONFLICT OF INTEREST WORKSHEET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT THE ANNUAL MEETING ALL MEMBERS AKA CUSTOMERS ARE NOTIFIED THAT THE DOCUMENTS ON FILE ARE AVAILABLE FOR INSPECTION AT ANY TIME. THE PROPER CONTACT PERSON IS THE SECRETARY/TREASURER. IT IS ALSO NOW POSTED ON OUR WEBSITE AT WWW.ALBERTAWATERSYSTEM.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SECRETARY/TRESURER PREPARES THE FORM 990 AND SUPPLEMENTAL INFORMATION AND PRESENTS THE FINAL COPY TO THE BOARD OF DIRECTORS AT A MEETING IN WHICH THE FILING IS DISUSSED AND VOTED FOR FINAL APPROVAL AND MAILING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11B
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IRS990/USAddress/CityNm0CASTOR
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBERTA WATER SYSTEM INC
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0YARNELL
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,719,221
Liabilities
$1,296,889
Net assets
$1,422,332
Revenue
$396,369
Expenses
$342,284
Net income
$54,085
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.79$1.19$1.60$0.45$0.37$0.07
2023Detailed filing. Detailed filing data is available for this year.$2.76$1.23$1.53$0.41$0.35$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.71$1.26$1.45$0.32$0.31$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.72$1.30$1.42$0.40$0.34$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.69$1.33$1.36$2.91$2.82$0.09
2019Summary only. Only limited summary data is available for this year.$0.63$0.47$0.15$0.31$0.27$0.05
2018Summary only. Only limited summary data is available for this year.$0.61$0.50$0.11$0.36$0.35$0.01
2017Summary only. Only limited summary data is available for this year.$0.60$0.54$0.06$0.32$0.29$0.03
2011Summary only. Only limited summary data is available for this year.$0.54$0.66$0.11$0.27$0.27$0.00
2010Summary only. Only limited summary data is available for this year.$0.55$0.70$0.15$0.25$0.23$0.02
2009Summary only. Only limited summary data is available for this year.$0.53$0.73$0.21$0.25$0.24$0.00