Civic Intelligence

East Central Vernon Water System Inc

EIN 72-1068299 • 501(c)12 • Slagle, LA

Profile

To construct, maintain and operate a private water system for the use of our members in our rural community.

PO Box 290Slagle, LA 71475

eastcentralvernonwatersystem.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.52x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

2.66x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2024

Net Margin

52nd percentile

11%

Higher net margin than 52% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

2nd percentile

-13%

Faster asset growth than 2% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-22%

Faster revenue growth than 4% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$6,419,360

Down $952,665 (-13%) from 2023

Liabilities

Down

$3,318,650

Down $1,092,432 (-25%) from 2023

Net Assets

Up

$3,100,710

Up $139,767 (+4.7%) from 2023

Revenue

Down

$1,246,211

Down $356,136 (-22%) from 2023

Expenses

Up

$1,106,444

Up $39,541 (+3.7%) from 2023

Net Income

Down

$139,767

Down $395,677 (-74%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2018: $5,431,790Liabilities 2018: $3,485,401Net Assets 2018: $1,946,3892018Assets 2019: $5,443,608Liabilities 2019: $3,400,793Net Assets 2019: $2,042,8152019Assets 2020: $5,889,406Liabilities 2020: $3,578,731Net Assets 2020: $2,310,6752020Assets 2021: $5,670,763Liabilities 2021: $3,314,358Net Assets 2021: $2,356,4052021Assets 2022: $5,665,219Liabilities 2022: $3,239,720Net Assets 2022: $2,425,4992022Assets 2023: $7,372,025Liabilities 2023: $4,411,082Net Assets 2023: $2,960,9432023Assets 2024: $6,419,360Liabilities 2024: $3,318,650Net Assets 2024: $3,100,7102024

Highlighted filing

2024

Assets$6,419,360
Liabilities$3,318,650
Net Assets$3,100,710

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0Revenue 2018: $1,068,814Expenses 2018: $1,015,100Net Income 2018: $53,7142018Revenue 2019: $971,449Expenses 2019: $875,023Net Income 2019: $96,4262019Revenue 2020: $1,103,659Expenses 2020: $835,799Net Income 2020: $267,8602020Revenue 2021: $991,334Expenses 2021: $945,604Net Income 2021: $45,7302021Revenue 2022: $1,070,170Expenses 2022: $1,001,076Net Income 2022: $69,0942022Revenue 2023: $1,602,347Expenses 2023: $1,066,903Net Income 2023: $535,4442023Revenue 2024: $1,246,211Expenses 2024: $1,106,444Net Income 2024: $139,7672024

Highlighted filing

2024

Revenue$1,246,211
Expenses$1,106,444
Net Income$139,767

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$1,246,211
Mission and Program Overview

Mission

To construct, maintain and operate a private water system for the use of our members in our rural community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,291,740$5,287,543▼ $4,197
Savings and Temporary Cash Investments$861,961$882,876▲ $20,915
Cash and Non-Interest-Bearing Accounts$229,304$120,071▼ $109,233
Accounts Receivable$63,915$72,221▲ $8,306
Pledges and Grants Receivable$925,105$56,649▼ $868,456
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$7,372,025$6,419,360▼ $952,665
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,383,607$3,213,064▼ $170,543
Other Liabilities$1,000,288$80,343▼ $919,945
Accounts Payable and Accrued Expenses$27,187$25,243▼ $1,944
Total Liabilities$4,411,082$3,318,650▼ $1,092,432
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,960,943$3,100,710▲ $139,767
Total Net Assets Fund Balance$2,960,943$3,100,710▲ $139,767
Total Liabilities and Net Assets / Fund Balance$7,372,025$6,419,360▼ $952,665

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,203,537$4,870,038$10,073,575
Equipment$43,913$252,476$296,389
Other Land Buildings-$29,065$29,065
Leasehold Improvements$20,338-$20,338
Land$19,755-$19,755
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ronald LewisPresident
Willie Banks JrVice President
Juanita BoltonDirector
Lesa Bolton-millerDirector
Lowell BrownDirector
Ray CharrierDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$127,525
Program Service Revenue
$1,069,435
Investment Income
$31,733
Other Revenue
$17,518
Change in Net Assets
$139,767

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,246,211
Total Revenue per Audited Statements
$1,246,211
Total Revenue per Form 990
$1,246,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$779,675
Salaries, Compensation, and Employee Benefits$326,769
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$190,090$83,834-$273,924
Depreciation Depletion$264,452--$264,452
Interest-$102,961-$102,961
All Other Expenses$100,209$2,582-$102,791
Office Expenses$23,672$12,446-$36,118
Other Expenses$27,927--$27,927
Pension Plan Contributions$21,229$5,868-$27,097
Payroll Taxes$14,759$6,539-$21,298
Advertising$8,122--$8,122
Current Officers, Directors, Trustees, and Key Employees-$4,450-$4,450
Travel$266--$266
Total Functional Expenses$887,764$218,680$0$1,106,444

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,106,444
Total Expenses per Audited Statements$1,106,444
Total Expenses per Form 990$1,106,444
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Meter Deposits$72,500
Accrued Interest Payable$6,547
Sales Tax Payable$1,296
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
No
Other officer compensation reviewed
No
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

Members of the organization are made up of the individuals who purchase water from the orginization

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

The form 990 is reviewed at the monthly board meeting prior to the return being filed. All information used to prepare the form 990 is reviewed for accuracy and proper reporting on the from 990. Any questions requarding the form 990 are posed to the preparer and answered to the boards satisfaction prior to the form 990 being filed.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
East Central Vernon Water System Inc
EIN
72-1068299
Phone
3372389009
Address
PO BOX 290, SLAGLE, LA 71475

Signing Officer

Name
Ronald Lewis
Title
President
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
11

Preparer

Firm
Kolder Slaven & Company LLC
Address
1428 Metro Dr, Alexandria, LA 71301
Preparer
Nicholas Fowlkes CPA
Phone
3184424421
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt04870038
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IRS990ScheduleD/EquipmentGrp/BookValueAmt043913
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0252476
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0296389
IRS990ScheduleD/ExpensesSubtotalAmt01106444
IRS990ScheduleD/LandGrp/BookValueAmt019755
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt019755
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt020338
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt020338
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt029065
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt029065
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06547
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt172500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21296
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1METER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SALES TAX PAYABLE
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt05287543
IRS990ScheduleD/TotalExpensesPerForm990Amt01106444
IRS990ScheduleD/TotalLiabilityAmt080343
IRS990ScheduleD/TotalRevenuePerForm990Amt01246211
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE ORGANIZATION ARE MADE UP OF THE INDIVIDUALS WHO PURCHASE WATER FROM THE ORGINIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED AT THE MONTHLY BOARD MEETING PRIOR TO THE RETURN BEING FILED. ALL INFORMATION USED TO PREPARE THE FORM 990 IS REVIEWED FOR ACCURACY AND PROPER REPORTING ON THE FROM 990. ANY QUESTIONS REQUARDING THE FORM 990 ARE POSED TO THE PREPARER AND ANSWERED TO THE BOARDS SATISFACTION PRIOR TO THE FORM 990 BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0887764
IRS990/TotalFunctionalExpensesGrp/TotalAmt01106444
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt03318650
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IRS990/TotalProgramServiceRevenueAmt01069435
IRS990/TotalRevenueGrp/ExclusionAmt031733
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01086953
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01246211
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07372025
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06419360
IRS990/TravelGrp/ProgramServicesAmt0266
IRS990/TravelGrp/TotalAmt0266
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 290
IRS990/USAddress/CityNm0SLAGLE
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071475
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IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0EASTCENTRALVERNONWATERSYSTEM.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RONALD LEWIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EAST CENTRAL VERNON WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0EAST
ReturnHeader/Filer/EIN0721068299
ReturnHeader/Filer/PhoneNum03372389009
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 290
ReturnHeader/Filer/USAddress/CityNm0SLAGLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071475
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721369868
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kolder Slaven & Company LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01428 Metro Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Alexandria
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071301
ReturnHeader/PreparerPersonGrp/PhoneNum03184424421
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nicholas Fowlkes CPA
ReturnHeader/ReturnTs02025-05-14T11:19:03-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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