Civic Intelligence

Paa Ko Communities Sewer Cooperative Inc

990 • Fiscal year 2018 • EIN 85-0413994

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 04, 2019

1717 Louisiana Blvd NE No 111Albuquerque, NM 87110

(505) 254-2330

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.27x

Higher debt load relative to assets than 52% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

67th percentile

2.07x

Higher debt load relative to revenue than 67% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Net Margin

7th percentile

-24%

Higher net margin than 7% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

62nd percentile

$0

Higher top officer pay than 62% of similar nonprofits.

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

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Asset Growth

7th percentile

-5.3%

Faster asset growth than 7% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

54th percentile

5.3%

Faster revenue growth than 54% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$3,109,999

Down $175,474 (-5.3%) from 2017

Net Assets

Down

$2,274,024

Down $92,827 (-3.9%) from 2017

Liabilities

Down

$835,975

Down $82,647 (-9.0%) from 2017

Revenue

Up

$403,343

Up $20,137 (+5.3%) from 2017

Expenses

Down

$500,666

Down $4,071 (-0.8%) from 2017

Net Income

Up

-$97,323

Up $24,208 (+20%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,815,151Liabilities 2010: $1,395,301Net Assets 2010: $3,419,8502010Assets 2011: $4,618,076Liabilities 2011: $1,332,723Net Assets 2011: $3,285,3532011Assets 2012: $4,394,443Liabilities 2012: $1,272,035Net Assets 2012: $3,122,4082012Assets 2013: $4,122,832Liabilities 2013: $1,206,818Net Assets 2013: $2,916,0142013Assets 2014: $3,933,463Liabilities 2014: $1,141,586Net Assets 2014: $2,791,8772014Assets 2015: $3,713,475Liabilities 2015: $1,073,353Net Assets 2015: $2,640,1222015Assets 2016: $3,485,723Liabilities 2016: $989,815Net Assets 2016: $2,495,9082016Assets 2017: $3,285,473Liabilities 2017: $918,622Net Assets 2017: $2,366,8512017Assets 2018: $3,109,999Liabilities 2018: $835,975Net Assets 2018: $2,274,0242018Assets 2019: $2,948,082Liabilities 2019: $756,061Net Assets 2019: $2,192,0212019Assets 2020: $2,725,683Liabilities 2020: $718,297Net Assets 2020: $2,007,3862020Assets 2021: $2,426,819Liabilities 2021: $629,786Net Assets 2021: $1,797,0332021Assets 2022: $2,240,747Liabilities 2022: $555,883Net Assets 2022: $1,684,8642022Assets 2023: $2,028,499Liabilities 2023: $471,868Net Assets 2023: $1,556,6312023Assets 2024: $1,943,905Liabilities 2024: $448,706Net Assets 2024: $1,495,1992024

Highlighted filing

2018

Assets$3,109,999
Liabilities$835,975
Net Assets$2,274,024

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $495,4732010Expenses 2011: $472,5452011Expenses 2012: $509,6862012Revenue 2013: $344,993Expenses 2013: $555,596Net Income 2013: -$210,6032013Revenue 2014: $358,975Expenses 2014: $482,975Net Income 2014: -$124,0002014Revenue 2015: $369,204Expenses 2015: $520,614Net Income 2015: -$151,4102015Revenue 2016: $391,814Expenses 2016: $551,178Net Income 2016: -$159,3642016Revenue 2017: $383,206Expenses 2017: $504,737Net Income 2017: -$121,5312017Revenue 2018: $403,343Expenses 2018: $500,666Net Income 2018: -$97,3232018Revenue 2019: $409,807Expenses 2019: $510,949Net Income 2019: -$101,1422019Revenue 2020: $432,903Expenses 2020: $482,016Net Income 2020: -$49,1132020Revenue 2021: $418,144Expenses 2021: $616,478Net Income 2021: -$198,3342021Revenue 2022: $453,502Expenses 2022: $574,457Net Income 2022: -$120,9552022Revenue 2023: $523,254Expenses 2023: $634,588Net Income 2023: -$111,3342023Revenue 2024: $539,373Expenses 2024: $576,965Net Income 2024: -$37,5922024

Highlighted filing

2018

Revenue$403,343
Expenses$500,666
Net Income-$97,323
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 4, 2019
Return Version
2018v3.1
Gross Receipts
$403,343
Mission and Program Overview

Mission

To provide sewer service to its members-owned and operated sewer utility system and to develop adequate and sanitary sewer works, including the construction of sewage treatment facilities and other necessary improvements and expansion of its sewer system.

To provide sewer services to the members of the association.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,759,899$2,554,982▼ $204,917
Cap Stk Tr Prin Current Funds$1,863,192$1,733,574▼ $129,618
Pd in Cap Srpls Land Bldg Eqp Fund$503,659$540,450▲ $36,791
Savings and Temporary Cash Investments$438,330$440,741▲ $2,411
Cash and Non-Interest-Bearing Accounts$59,242$85,389▲ $26,147
Accounts Receivable$24,396$25,149▲ $753
Prepaid Expenses and Deferred Charges$3,606$3,738▲ $132
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$3,285,473$3,109,999▼ $175,474
Liabilities
Mortgage Notes Payable Secured by Investment Property$896,706$821,408▼ $75,298
Other Liabilities$14,991$13,728▼ $1,263
Accounts Payable and Accrued Expenses$6,925$839▼ $6,086
Total Liabilities$918,622$835,975▼ $82,647
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,366,851$2,274,024▼ $92,827
Total Liabilities and Net Assets / Fund Balance$3,285,473$3,109,999▼ $175,474

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,554,982$3,345,584$5,900,566
Compensation and Service Providers

Board Members and Trustees

NameTitle
Derek WartmanPresident
Timothy McdonaldVice President
Michael BoiceMember
Luis ArmijoSecretary
W Bruce FranksTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Epcor WaterOperation & Maintenance Of Treatment Fac38 CACTUS ROAD PO BOX 370, Edgewood, NM 87015$200,829
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$400,763
Investment Income
$2,580
Other Revenue
$0
Change in Net Assets
$-97,323

Audited Revenue Reconciliation

Revenue per Audited Statements
$378,947
Revenue Not Reported on Financial Statements
$24,396
Revenue Not Reported on Form 990
$25,149
Other Revenue Adjustments
$24,396
Total Revenue per Audited Statements
$404,096
Total Revenue per Form 990
$403,343
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$500,666
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---$204,916
Occupancy---$30,987
Interest---$25,638
Fees for Services Accounting---$16,762
Insurance---$7,398
Office Expenses---$4,634
Fees for Services Other---$1,141
Other Expenses---$346
Total Functional Expenses$0$0$0$500,666

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$500,666
Total Expenses per Audited Statements$496,923
Expenses per Audited Statements$482,356
Expenses Not Reported on Financial Statements$18,310
Other Expense Adjustments$18,310
Expenses Not Reported on Form 990$14,567
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
Interest Payable$13,728
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Two members of the board of directors receive compensation from roger cox & associates, inc.

Form 990, Part VI, Section A, Line 6

All of the paa-ko community home owners are members of the organization.

Form 990, Part VI, Section A, Line 7A

All members elect the board of directors.

Form 990, Part VI, Section A, Line 8B

There are no separate committees from the board of directors.

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

Each board member has the opportunity to review the 990 before it is filed.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available at the business office upon request.

Filing and Contact Details

Filer

Filer Name
Paa-ko Communities Sewer Association
EIN
85-0413994
Phone
5052542330
Address
1717 LOUISIANA BLVD NE NO 111, ALBUQUERQUE, NM 87110

Signing Officer

Name
W Bruce Franks
Title
Treasurer
Phone
5052542330
Signed
2019-09-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
W Bruce Franks
Formed
1993
Legal Domicile
Nm
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Atkinson & Co Ltd
Address
PO BOX 25246, ALBUQUERQUE, NM 87125
Preparer
Jessica Locker CPA
Phone
5058436492
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net accrual to cash adjustment 4,496.

FORM 990, PART XII, LINE 2C:

The board of directors assumes responsibility for oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed since the prior year.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cy accrual to cash revenue 25,149.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Py accrual to cash adjustment revenue 24,396.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cy accrual to cash adjustment expenses 14,567.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Py accrual to cash expenses 18,310.

Raw XML Appendix355 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PY ACCRUAL TO CASH ADJUSTMENT REVENUE 24,396.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CY ACCRUAL TO CASH ADJUSTMENT EXPENSES 14,567.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3PY ACCRUAL TO CASH EXPENSES 18,310.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02554982
IRS990ScheduleD/TotalExpensesPerForm990Amt0500666
IRS990ScheduleD/TotalLiabilityAmt013728
IRS990ScheduleD/TotalRevenuePerForm990Amt0403343
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0404096
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0496923
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO MEMBERS OF THE BOARD OF DIRECTORS RECEIVE COMPENSATION FROM ROGER COX & ASSOCIATES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OF THE PAA-KO COMMUNITY HOME OWNERS ARE MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO SEPARATE COMMITTEES FROM THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH BOARD MEMBER HAS THE OPPORTUNITY TO REVIEW THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE BUSINESS OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NET ACCRUAL TO CASH ADJUSTMENT 4,496.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03285473
IRS990/TotalAssetsEOYAmt03109999
IRS990/TotalAssetsGrp/BOYAmt03285473
IRS990/TotalAssetsGrp/EOYAmt03109999
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0500666
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0918622
IRS990/TotalLiabilitiesEOYAmt0835975
IRS990/TotalLiabilitiesGrp/BOYAmt0918622
IRS990/TotalLiabilitiesGrp/EOYAmt0835975
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02366851
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02274024
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0500666
IRS990/TotalProgramServiceRevenueAmt0400763
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02580
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0400763
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0403343
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03285473
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03109999
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01717 LOUISIANA BLVD NE NO 111
IRS990/USAddress/CityNm0ALBUQUERQUE
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087110
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0W BRUCE FRANKS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05052542330
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PAA-KO COMMUNITIES SEWER ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0PAA-
ReturnHeader/Filer/EIN0850413994
ReturnHeader/Filer/PhoneNum05052542330
ReturnHeader/Filer/USAddress/AddressLine1Txt01717 LOUISIANA BLVD NE NO 111
ReturnHeader/Filer/USAddress/CityNm0ALBUQUERQUE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087110
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId076433FD7984140E6DEE2ED9E2C003DCDBC935E26
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0161824BD97F98EE73410C7633A087A8D3DC2E91A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.161.41.2
ReturnHeader/FilingSecurityInformation/IPDt02019-09-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0MD
ReturnHeader/FilingSecurityInformation/IPTm014:12:12
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0850211867
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ATKINSON & CO LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 25246
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBUQUERQUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd087125
ReturnHeader/PreparerPersonGrp/PhoneNum05058436492
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JESSICA LOCKER CPA
ReturnHeader/ReturnTs02019-09-05T12:09:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.45$1.50$0.54$0.58$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.03$0.47$1.56$0.52$0.63$0.11
2022Detailed filing. Detailed filing data is available for this year.$2.24$0.56$1.68$0.45$0.57$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.43$0.63$1.80$0.42$0.62$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.73$0.72$2.01$0.43$0.48$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.95$0.76$2.19$0.41$0.51$0.10
2018Detailed filing. Detailed filing data is available for this year.$3.11$0.84$2.27$0.40$0.50$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.29$0.92$2.37$0.38$0.50$0.12
2016Detailed filing. Detailed filing data is available for this year.$3.49$0.99$2.50$0.39$0.55$0.16
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.71$1.07$2.64$0.37$0.52$0.15
2014Detailed filing. Detailed filing data is available for this year.$3.93$1.14$2.79$0.36$0.48$0.12
2013Detailed filing. Detailed filing data is available for this year.$4.12$1.21$2.92$0.34$0.56$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.39$1.27$3.12$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.62$1.33$3.29$0.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.82$1.40$3.42$0.50