Civic Intelligence

Panaca Farmstead Association

990 • Fiscal year 2020 • EIN 88-0109920

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 24, 2021

Organization ProfileN/A

View Organization Page

PO Box 597Panaca, NV 89042

(775) 728-4282

Siviq Scores

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

Liabilities / Assets

31st percentile

0.08x

Higher debt load relative to assets than 31% of similar nonprofits.

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

Liabilities / Revenue

43rd percentile

0.65x

Higher debt load relative to revenue than 43% of similar nonprofits.

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

Net Margin

59th percentile

11%

Higher net margin than 59% 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

61st percentile

2.2%

Faster asset growth than 61% of similar nonprofits.

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

Revenue Growth

79th percentile

12%

Faster revenue growth than 79% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$3,508,383

Up $75,762 (+2.2%) from 2019

Net Assets

Up

$3,219,982

Up $115,150 (+3.7%) from 2019

Liabilities

Down

$288,401

Down $39,388 (-12%) from 2019

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin59th percentile

Revenue

Up

$442,426

Up $49,063 (+12%) from 2019

Expenses

Down

$395,389

Down $4,709 (-1.2%) from 2019

Net Income

Up

$47,037

Up $53,772 (+798%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,262,357Liabilities 2011: $926,371Net Assets 2011: $2,335,9862011Assets 2012: $3,972,245Liabilities 2012: $933,407Net Assets 2012: $3,038,8382012Assets 2013: $3,819,244Liabilities 2013: $762,482Net Assets 2013: $3,056,7622013Assets 2014: $3,729,765Liabilities 2014: $687,124Net Assets 2014: $3,042,6412014Assets 2015: $3,694,670Liabilities 2015: $654,830Net Assets 2015: $3,039,8402015Assets 2016: $3,650,824Liabilities 2016: $613,589Net Assets 2016: $3,037,2352016Assets 2017: $3,469,970Liabilities 2017: $414,009Net Assets 2017: $3,055,9612017Assets 2018: $3,484,133Liabilities 2018: $372,467Net Assets 2018: $3,111,6662018Assets 2019: $3,432,621Liabilities 2019: $327,789Net Assets 2019: $3,104,8322019Assets 2020: $3,508,383Liabilities 2020: $288,401Net Assets 2020: $3,219,9822020Assets 2021: $3,474,405Liabilities 2021: $253,167Net Assets 2021: $3,221,2382021Assets 2022: $3,266,438Liabilities 2022: $13,308Net Assets 2022: $3,253,1302022Assets 2023: $3,282,634Liabilities 2023: $16,625Net Assets 2023: $3,266,0092023Assets 2024: $3,302,698Liabilities 2024: $18,533Net Assets 2024: $3,284,1652024

Highlighted filing

2020

Assets$3,508,383
Liabilities$288,401
Net Assets$3,219,982
Open 2020 Filing

Operations Trend

Revenue Growth79th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $599,225Expenses 2011: $355,496Net Income 2011: $243,7292011Revenue 2012: $1,023,200Expenses 2012: $320,348Net Income 2012: $702,8522012Revenue 2013: $366,259Expenses 2013: $348,337Net Income 2013: $17,9222013Revenue 2014: $343,223Expenses 2014: $357,344Net Income 2014: -$14,1212014Revenue 2015: $395,629Expenses 2015: $398,430Net Income 2015: -$2,8012015Revenue 2016: $398,939Expenses 2016: $401,544Net Income 2016: -$2,6052016Revenue 2017: $404,320Expenses 2017: $385,594Net Income 2017: $18,7262017Revenue 2018: $436,306Expenses 2018: $380,601Net Income 2018: $55,7052018Revenue 2019: $393,363Expenses 2019: $400,098Net Income 2019: -$6,7352019Revenue 2020: $442,426Expenses 2020: $395,389Net Income 2020: $47,0372020Revenue 2021: $417,610Expenses 2021: $424,637Net Income 2021: -$7,0272021Revenue 2022: $428,845Expenses 2022: $396,953Net Income 2022: $31,8922022Revenue 2023: $447,174Expenses 2023: $434,295Net Income 2023: $12,8792023Revenue 2024: $457,878Expenses 2024: $439,722Net Income 2024: $18,1562024

Highlighted filing

2020

Revenue$442,426
Expenses$395,389
Net Income$47,037
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 24, 2021
Return Version
2020v4.0
Gross Receipts
$447,426
Mission and Program Overview

Mission

Advancement of state and local interest for the purpose of providing essential human services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,104,832$3,151,869▲ $47,037
Land, Buildings, and Equipment, Net$2,800,034$2,859,060▲ $59,026
Savings and Temporary Cash Investments$543,986$557,112▲ $13,126
Pd in Cap Srpls Land Bldg Eqp Fund-$68,113-
Inventories for Sale or Use$44,415$42,272▼ $2,143
Accounts Receivable$27,024$27,953▲ $929
Cash and Non-Interest-Bearing Accounts$14,162$17,498▲ $3,336
Prepaid Expenses and Deferred Charges$3,000$4,488▲ $1,488
Total Assets$3,432,621$3,508,383▲ $75,762
Liabilities
Mortgage Notes Payable Secured by Investment Property$315,819$273,237▼ $42,582
Other Liabilities$9,173$9,590▲ $417
Accounts Payable and Accrued Expenses$2,797$5,574▲ $2,777
Total Liabilities$327,789$288,401▼ $39,388
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,104,832$3,219,982▲ $115,150
Total Liabilities and Net Assets / Fund Balance$3,432,621$3,508,383▲ $75,762

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,535,780$1,943,799$4,479,579
Land$323,280-$323,280
Compensation and Service Providers
Top Officer Pay63rd percentile

Board Members and Trustees

NameTitle
Kim LeePresident
Mike AndersonBoard Member
Rich HansenBoard Member
Justin FrehnerSecretary/tr
Dahl BradfieldVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$421,904
Investment Income
$5,467
Other Revenue
$15,055
Change in Net Assets
$47,037

Audited Revenue Reconciliation

Revenue per Audited Statements
$442,426
Total Revenue per Audited Statements
$442,426
Total Revenue per Form 990
$442,426
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$229,068
Salaries, Compensation, and Employee Benefits$166,321
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$127,065
Depreciation Depletion---$114,876
Other Employee Benefits---$28,224
Insurance---$19,112
Office Expenses---$14,197
Payroll Taxes---$11,032
All Other Expenses---$8,446
Interest---$5,937
Other Expenses---$5,596
Travel---$687
Total Functional Expenses$0$0$0$395,389

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$395,389
Total Expenses per Audited Statements$395,389
Total Expenses per Form 990$395,389
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
Customer Deposits$5,260
Payroll Taxes Payable$4,330
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 7A

“The members can vote for the election of all individuals on the board of directors.”

Form 990, Page 6, Part VI, Line 11B

“Board of directors review the form 990 during regular board meeting.”

Form 990, Page 6, Part VI, Line 12C

“Orginization regularly monitored and enforced policy.”

Form 990, Page 6, Part VI, Line 15A

“All employee hiring and compensation is approved by the board of directors.”

Form 990, Page 6, Part VI, Line 15B

“All employee hiring and compensation is approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Upon request. The governing documents are also filed through the nevada secretary of state and can be requested through that office.”

Filing and Contact Details

Filer

Filer Name
Panaca Farmstead Association
EIN
88-0109920
Phone
7757284282
Address
PO BOX 597, PANACA, NV 89042

Signing Officer

Name
Justin Frehner
Title
Secretary/treasurer
Phone
7757284282
Signed
2021-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Lee
Formed
1982
Legal Domicile
Nv
Voting Board Members
5
Independent Board Members
5
Employees
4

Preparer

Firm
Daniel C Mcarthur Ltd
Address
501 SOUTH RANCHO DRIVE SUITE E-30, LAS VEGAS, NV 89106
Preparer
Daniel C Mcarthur CPA
Phone
7023851899
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“The five board members are volunteers.”

Form 990, Page 2, Part III, Line 4D

“Installation, maintenance and operation of a water supply, distribution lines and service lines to members of the association. Installation, maintenance and operation of sewer services to members.”

Form 990, Part XI, Line 9

“Contributions in aid of construction 68,113”

Raw XML Appendix334 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FIVE BOARD MEMBERS ARE VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INSTALLATION, MAINTENANCE AND OPERATION OF A WATER SUPPLY, DISTRIBUTION LINES AND SERVICE LINES TO MEMBERS OF THE ASSOCIATION. INSTALLATION, MAINTENANCE AND OPERATION OF SEWER SERVICES TO MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS CAN VOTE FOR THE ELECTION OF ALL INDIVIDUALS ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS REVIEW THE FORM 990 DURING REGULAR BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ORGINIZATION REGULARLY MONITORED AND ENFORCED POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL EMPLOYEE HIRING AND COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL EMPLOYEE HIRING AND COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPON REQUEST. THE GOVERNING DOCUMENTS ARE ALSO FILED THROUGH THE NEVADA SECRETARY OF STATE AND CAN BE REQUESTED THROUGH THAT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CONTRIBUTIONS IN AID OF CONSTRUCTION 68,113
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03432621
IRS990/TotalAssetsEOYAmt03508383
IRS990/TotalAssetsGrp/BOYAmt03432621
IRS990/TotalAssetsGrp/EOYAmt03508383
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0395389
IRS990/TotalGrossUBIAmt013200
IRS990/TotalLiabilitiesBOYAmt0327789
IRS990/TotalLiabilitiesEOYAmt0288401
IRS990/TotalLiabilitiesGrp/BOYAmt0327789
IRS990/TotalLiabilitiesGrp/EOYAmt0288401
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03104832
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03219982
IRS990/TotalProgramServiceRevenueAmt0421904
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0429226
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0442426
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt013200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03432621
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03508383
IRS990/TravelGrp/TotalAmt0687
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 596
IRS990/USAddress/CityNm0PANACA
IRS990/USAddress/StateAbbreviationCd0NV
IRS990/USAddress/ZIPCd089042
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN FREHNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07757284282
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PANACA FARMSTEAD ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0PANA
ReturnHeader/Filer/EIN0880109920
ReturnHeader/Filer/PhoneNum07757284282
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 597
ReturnHeader/Filer/USAddress/CityNm0PANACA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089042
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0880294302
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DANIEL C MCARTHUR LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0501 SOUTH RANCHO DRIVE SUITE E-30
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAS VEGAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd089106
ReturnHeader/PreparerPersonGrp/PhoneNum07023851899
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL C MCARTHUR CPA
ReturnHeader/ReturnTs02021-05-05T12:32:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JUSTIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FREHNER
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,508,383
Liabilities
$288,401
Net assets
$3,219,982
Revenue
$442,426
Expenses
$395,389
Net income
$47,037
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.30$0.02$3.28$0.46$0.44$0.02
2023Detailed filing. Detailed filing data is available for this year.$3.28$0.02$3.27$0.45$0.43$0.01
2022Detailed filing. Detailed filing data is available for this year.$3.27$0.01$3.25$0.43$0.40$0.03
2021Detailed filing. Detailed filing data is available for this year.$3.47$0.25$3.22$0.42$0.42$0.01
2020Detailed filing. Detailed filing data is available for this year.$3.51$0.29$3.22$0.44$0.40$0.05
2019Summary only. Only limited summary data is available for this year.$3.43$0.33$3.10$0.39$0.40$0.01
2018Summary only. Only limited summary data is available for this year.$3.48$0.37$3.11$0.44$0.38$0.06
2017Summary only. Only limited summary data is available for this year.$3.47$0.41$3.06$0.40$0.39$0.02
2016Summary only. Only limited summary data is available for this year.$3.65$0.61$3.04$0.40$0.40$0.00
2015Summary only. Only limited summary data is available for this year.$3.69$0.65$3.04$0.40$0.40$0.00
2014Summary only. Only limited summary data is available for this year.$3.73$0.69$3.04$0.34$0.36$0.01
2013Summary only. Only limited summary data is available for this year.$3.82$0.76$3.06$0.37$0.35$0.02
2012Summary only. Only limited summary data is available for this year.$3.97$0.93$3.04$1.02$0.32$0.70
2011Summary only. Only limited summary data is available for this year.$3.26$0.93$2.34$0.60$0.36$0.24