Civic Intelligence

Paa Ko Communities Sewer Cooperative Inc

990 • Fiscal year 2020 • EIN 85-0413994

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 03, 2021

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

0.26x

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

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

63rd percentile

1.66x

Higher debt load relative to revenue than 63% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Net Margin

17th percentile

-11%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

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

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Asset Growth

4th percentile

-7.5%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

5.6%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,725,683

Down $222,399 (-7.5%) from 2019

Net Assets

Down

$2,007,386

Down $184,635 (-8.4%) from 2019

Liabilities

Down

$718,297

Down $37,764 (-5.0%) from 2019

Revenue

Up

$432,903

Up $23,096 (+5.6%) from 2019

Expenses

Down

$482,016

Down $28,933 (-5.7%) from 2019

Net Income

Up

-$49,113

Up $52,029 (+51%) from 2019

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

2020

Assets$2,725,683
Liabilities$718,297
Net Assets$2,007,386

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

2020

Revenue$432,903
Expenses$482,016
Net Income-$49,113
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 3, 2021
Return Version
2020v4.1
Gross Receipts
$432,903
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$2,350,066$2,038,388▼ $311,678
Cap Stk Tr Prin Current Funds$1,606,216$1,373,121▼ $233,095
Pd in Cap Srpls Land Bldg Eqp Fund$585,805$634,265▲ $48,460
Savings and Temporary Cash Investments$441,007$422,608▼ $18,399
Cash and Non-Interest-Bearing Accounts$110,011$231,092▲ $121,081
Accounts Receivable$43,234$28,012▼ $15,222
Prepaid Expenses and Deferred Charges$3,764$5,583▲ $1,819
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$2,948,082$2,725,683▼ $222,399
Liabilities
Mortgage Notes Payable Secured by Investment Property$743,850$665,267▼ $78,583
Accounts Payable and Accrued Expenses$-215$31,038▲ $31,253
Other Liabilities$12,426$11,086▼ $1,340
Deferred Revenue-$10,906-
Total Liabilities$756,061$718,297▼ $37,764
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,192,021$2,007,386▼ $184,635
Total Liabilities and Net Assets / Fund Balance$2,948,082$2,725,683▼ $222,399

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,038,388$3,862,178$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$127,066
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$426,732
Investment Income
$6,171
Other Revenue
$0
Change in Net Assets
$-49,113

Audited Revenue Reconciliation

Revenue per Audited Statements
$389,669
Revenue Not Reported on Financial Statements
$43,234
Revenue Not Reported on Form 990
$28,012
Other Revenue Adjustments
$43,234
Total Revenue per Audited Statements
$417,681
Total Revenue per Form 990
$432,903
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$482,016
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---$206,874
Occupancy---$31,998
Interest---$20,975
Fees for Services Accounting---$17,457
Insurance---$8,648
Office Expenses---$3,594
Other Expenses---$694
Total Functional Expenses$0$0$0$482,016

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$497,512
Total Expenses per Audited Statements$497,512
Total Expenses per Form 990$482,016
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-15,496
Other Expense Adjustments$-15,496
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$11,086
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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

W. Bruce franks who is employed by roger cox & associates, inc. And is the manager of roger cox & associates real estate brokerage, llc. Luis armijo is a licensed real estate broker (independent contractor) licensed at roger cox & associates real estate brokerage, llc.

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
2021-08-03
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
Cliftonlarsonallen Llp
Address
6501 AMERICAS PARKWAY NE SUITE 500, ALBUQUERQUE, NM 87110
Preparer
Jessica Locker CPA
Phone
5058428290
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net accrual to cash adjustment -30,718.

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 adjustment revenue 28,012.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Py accrual to cash adjustment revenue 43,234.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Py accrual to cash adjustment expenses -215. Cy accrual to cash adjustment expenses -15,281.

Raw XML Appendix345 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/ExplanationTxt2PY ACCRUAL TO CASH ADJUSTMENT EXPENSES -215. CY ACCRUAL TO CASH ADJUSTMENT EXPENSES -15,281.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02038388
IRS990ScheduleD/TotalExpensesPerForm990Amt0482016
IRS990ScheduleD/TotalLiabilityAmt011086
IRS990ScheduleD/TotalRevenuePerForm990Amt0432903
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0417681
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0497512
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0W. BRUCE FRANKS WHO IS EMPLOYED BY ROGER COX & ASSOCIATES, INC. AND IS THE MANAGER OF ROGER COX & ASSOCIATES REAL ESTATE BROKERAGE, LLC. LUIS ARMIJO IS A LICENSED REAL ESTATE BROKER (INDEPENDENT CONTRACTOR) LICENSED AT ROGER COX & ASSOCIATES REAL ESTATE BROKERAGE, LLC.
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 -30,718.
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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02948082
IRS990/TotalAssetsEOYAmt02725683
IRS990/TotalAssetsGrp/BOYAmt02948082
IRS990/TotalAssetsGrp/EOYAmt02725683
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0482016
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0756061
IRS990/TotalLiabilitiesEOYAmt0718297
IRS990/TotalLiabilitiesGrp/BOYAmt0756061
IRS990/TotalLiabilitiesGrp/EOYAmt0718297
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02192021
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02007386
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0426732
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06171
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0426732
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0432903
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02948082
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02725683
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0W BRUCE FRANKS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05052542330
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-03
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/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06501 AMERICAS PARKWAY NE SUITE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBUQUERQUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd087110
ReturnHeader/PreparerPersonGrp/PhoneNum05058428290
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JESSICA LOCKER CPA
ReturnHeader/ReturnTs02021-08-03T16:59:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0W
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BRUCE FRANKS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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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
2020Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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