Liabilities / Assets
61st percentile
Higher debt load relative to assets than 61% of similar nonprofits.
Lake Canal Company
EIN 84-0413836 • 501(c)12 • Delta, CO
Profile
TRANSPORTATION OF WATER.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.03x
Liabilities / Revenue
61st percentile
Higher debt load relative to revenue than 61% of similar nonprofits.
Net Margin
63rd percentile
Higher net margin than 63% of similar nonprofits.
Top Officer Pay
82nd percentile
Higher top officer pay than 82% of similar nonprofits.
Top officer pay equals 1.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
Up$230,824
Up $68,784 (+42%) from 2014
Liabilities
Up$7,026
Up $3,660 (+109%) from 2014
Net Assets
Up$223,798
Up $65,124 (+41%) from 2014
Revenue
Up$124,990
Up $26,965 (+28%) from 2014
Expenses
Up$108,388
Up $28,324 (+35%) from 2014
Net Income
Down$16,602
Down $1,359 (-7.6%) from 2014
Trend Graphs
Filings
Most recent year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $230,824
- Liabilities
- $7,026
- Net assets
- $223,798
- Revenue
- $124,990
- Expenses
- $108,388
- Net income
- $16,602
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Dec 1, 2017 to Nov 30, 2018
- Signed
- Mar 13, 2018
- Return Version
- 2017v2.3
- Gross Receipts
- $124,990
Mission and Program Overview
Mission
TRANSPORTATION OF WATER.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| WATER WAS PROVIDED TO MEMBERS OF THIS MUTUAL IRRIGATION COMPANY. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| RODNEY NELSON | Pres - Director | - | $1,200 | - | $1,200 |
| MARK GEORGE | Director | - | $590 | - | $590 |
| ALDEN HILL | S/T - Director | - | $590 | - | $590 |
| GREG STIEBEN | VP - Director | - | $590 | - | $590 |
| BYRON COLLINS | Director | - | $590 | - | $590 |
Filing and Contact Details
Filer
- Filer Name
- Lake Canal Company
- EIN
- 84-0413836
- Phone
- 9704823683
- Address
- 730 ASH MESA ROAD, DELTA, CO 81416
Signing Officer
- Name
- Rodney Nelson
- Title
- Pres - Director
- Phone
- 9704823683
- Signed
- 2018-03-13
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Schulz and Leonard Pc
- Address
- 200 1ST STREET, EATON, CO 80615
- Preparer
- Dale Leonard CPA
- Phone
- 9704543371
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8
“Crossing fee 14,000 discharge fees 2,200 sign permit fees 1,800 miscellaneous income 300 total 18,300”
Form 990-ez, Part I, Line 16
“Expenses office expense 1,258 meetings 785 insurance 7,929 annual fee 10 chemicals 398 dues & subscriptions 267 equipment rent 5,135 gas, fuel, oil 2,609 memorials 70 other labor 6,490 repairs & maintenance 1,091 review fees 1,200 telephone 1,364 water assessments 8,442 state income tax 1,215 non-investment depreciation 525 total 38,788”
Form 990-ez, Part I, Line 20
“Federal income tax -3,919”
Form 990-ez, Part II, Line 24
“Buildings & improvements 12,435 12,435 less accumulated depreciation 12,435 12,435 machinery & equipment 48,937 55,723 less accumulated depreciation 46,860 47,386 total 2,077 8,337”
Form 990-ez, Part II, Line 26
“Unsecured notes and loans payable 1,403 0 acwwa advance 1,922 1,922 advance payment 1,500 4,800 payroll liabilities 340 304”
Raw XML Appendix121 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | RODNEY NELSON |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9704823683 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 13329 WCR 74 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | EATON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CO |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 80615 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 181340 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 189624 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 16602 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 12238 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 216280 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 230824 |
| IRS990EZ/GrossReceiptsAmt | 0 | 124990 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 440 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 32863 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 32863 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 106250 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 211115 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 223798 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 211115 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 223798 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.75 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.75 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.75 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.75 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.75 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 1200 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 590 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 590 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 590 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 590 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | RODNEY NELSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MARK GEORGE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | ALDEN HILL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | GREG STIEBEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | BYRON COLLINS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRES - DIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | S/T - DIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | VP - DIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 2077 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 8337 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -3919 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 38788 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 18300 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TRANSPORTATION OF WATER. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | WATER WAS PROVIDED TO MEMBERS OF THIS MUTUAL IRRIGATION COMPANY. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 57362 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 5165 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 7026 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 108388 |
| IRS990EZ/TotalRevenueAmt | 0 | 124990 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | CROSSING FEE 14,000 DISCHARGE FEES 2,200 SIGN PERMIT FEES 1,800 MISCELLANEOUS INCOME 300 TOTAL 18,300 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES OFFICE EXPENSE 1,258 MEETINGS 785 INSURANCE 7,929 ANNUAL FEE 10 CHEMICALS 398 DUES & SUBSCRIPTIONS 267 EQUIPMENT RENT 5,135 GAS, FUEL, OIL 2,609 MEMORIALS 70 OTHER LABOR 6,490 REPAIRS & MAINTENANCE 1,091 REVIEW FEES 1,200 TELEPHONE 1,364 WATER ASSESSMENTS 8,442 STATE INCOME TAX 1,215 NON-INVESTMENT DEPRECIATION 525 TOTAL 38,788 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | FEDERAL INCOME TAX -3,919 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | BUILDINGS & IMPROVEMENTS 12,435 12,435 LESS ACCUMULATED DEPRECIATION 12,435 12,435 MACHINERY & EQUIPMENT 48,937 55,723 LESS ACCUMULATED DEPRECIATION 46,860 47,386 TOTAL 2,077 8,337 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | UNSECURED NOTES AND LOANS PAYABLE 1,403 0 ACWWA ADVANCE 1,922 1,922 ADVANCE PAYMENT 1,500 4,800 PAYROLL LIABILITIES 340 304 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | RODNEY NELSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRES - DIR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9704823683 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-03-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LAKE CANAL COMPANY |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAKE |
| ReturnHeader/Filer/EIN | 0 | 840413836 |
| ReturnHeader/Filer/PhoneNum | 0 | 9704823683 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 730 ASH MESA ROAD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | DELTA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CO |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 81416 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | A3C77AB931D44F33C678D6A49FD9B23BA186C10F |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 65231629DD30DFA591361CBCF7C6023C0CDBEA0C |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 65.101.247.143 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-03-21 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 14:41:16 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 450469554 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SCHULZ AND LEONARD PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 200 1ST STREET |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | EATON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 80615 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9704543371 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2019-03-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DALE LEONARD CPA |
| ReturnHeader/ReturnTs | 0 | 2019-03-21T14:41:16-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-12-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-11-30 |
| ReturnHeader/TaxYr | 0 | 2017 |
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