Civic Intelligence

Alberta Water System Inc

990 • Fiscal year 2022 • EIN 72-1058154

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

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

76th percentile

0.47x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

3.95x

Higher debt load relative to revenue than 89% of similar nonprofits.

2022 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2022

Net Margin

47th percentile

3.6%

Higher net margin than 47% of similar nonprofits.

2022 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

80th percentile

$9,000

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2022 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2022

Asset Growth

43rd percentile

-0.2%

Faster asset growth than 43% of similar nonprofits.

2022 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-19%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$2,714,937

Down $4,284 (-0.2%) from 2021

Net Assets

Up

$1,451,107

Up $28,775 (+2.0%) from 2021

Liabilities

Down

$1,263,830

Down $33,059 (-2.5%) from 2021

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin47th percentile

Revenue

Down

$320,308

Down $76,061 (-19%) from 2021

Expenses

Down

$308,720

Down $33,564 (-9.8%) from 2021

Net Income

Down

$11,588

Down $42,497 (-79%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth43rd 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

2022

Assets$2,714,937
Liabilities$1,263,830
Net Assets$1,451,107
Open 2022 Filing

Operations Trend

Revenue Growth6th 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

2022

Revenue$320,308
Expenses$308,720
Net Income$11,588
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$320,308
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$2,583,883$2,583,883→ $0
Savings and Temporary Cash Investments$105,741$89,644▼ $16,097
Accounts Receivable$33,444$25,462▼ $7,982
Cash and Non-Interest-Bearing Accounts$22,323$15,948▼ $6,375
Total Assets$2,745,391$2,714,937▼ $30,454
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,268,266$1,234,431▼ $33,835
Escrow Account Liability$28,569$29,569▲ $1,000
Accounts Payable and Accrued Expenses$54$-170▼ $224
Total Liabilities$1,296,889$1,263,830▼ $33,059
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,448,502$1,451,107▲ $2,605
Total Net Assets Fund Balance$1,448,502$1,451,107▲ $2,605
Total Liabilities and Net Assets / Fund Balance$2,745,391$2,714,937▼ $30,454

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,500,000-$2,500,000
Land$53,883-$53,883
Buildings$30,000-$30,000
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Scott YarnellSecretary/treasurerPT$9,000$9,000

Board Members and Trustees

NameTitle
Roy SullivanPresident
Randy HillVice-president
Ricky HayBoard Member
Terry ChesserBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$319,113
Investment Income
$1,195
Other Revenue
$0
Change in Net Assets
$11,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$276,720
Salaries, Compensation, and Employee Benefits$32,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$42,508
Interest---$32,259
Other Salaries and Wages---$20,417
Office Expenses---$9,800
Current Officers, Directors, Trustees, and Key Employees---$9,000
Insurance---$7,931
Other Expenses---$7,057
Payments to Affiliates---$4,805
Information Technology---$3,079
Payroll Taxes---$2,583
Fees for Services Legal---$293
Total Functional Expenses$0$0$0$308,720
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
No
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
2023-11-15
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
Volunteers
4
Raw XML Appendix311 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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IRS990/MissionDesc0A MEMBER OWNED NON-PROFIT CORPORATION TO PROVIDE POTABLE WATER NOT PROVIDED BY ANY LOCAL, STATE OR FEDERAL AGENCY TO RESIDENTIAL HOUSING, COMMERCIAL BUSINESSES AND GOVERNMENTAL AGENCIES IN THE UNINCORP AREA OF CASTOR, JAMESTOWN AND ASHLAND, LA. AWS HAS DEEP WATER WELLS AND AFTER WATER IS TREATED AT THE PLANTS IT IS DISTRIBUTED TO CUSTOMERS VIA UND
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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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02745391
IRS990/TotalAssetsEOYAmt02714937
IRS990/TotalAssetsGrp/BOYAmt02745391
IRS990/TotalAssetsGrp/EOYAmt02714937
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt0308720
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01296889
IRS990/TotalLiabilitiesEOYAmt01263830
IRS990/TotalLiabilitiesGrp/BOYAmt01296889
IRS990/TotalLiabilitiesGrp/EOYAmt01263830
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01448502
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01451107
IRS990/TotalProgramServiceRevenueAmt0319113
IRS990/TotalReportableCompFromOrgAmt09000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0320308
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02745391
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02714937
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0871 HIGHWAY 153
IRS990/USAddress/CityNm0CASTOR
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071016
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.ALBERTAWATERSYSTEM.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT YARNELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARYTREASUER
ReturnHeader/BusinessOfficerGrp/PhoneNum03185448485
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBERTA WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0ALBE
ReturnHeader/Filer/EIN0721058154
ReturnHeader/Filer/PhoneNum03185448485
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 145
ReturnHeader/Filer/USAddress/CityNm0CASTOR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071016
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02023-11-15T02:39:52-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SCOTT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0YARNELL
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,714,937
Liabilities
$1,263,830
Net assets
$1,451,107
Revenue
$320,308
Expenses
$308,720
Net income
$11,588
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