Civic Intelligence

Panaca Farmstead Association

990 • Fiscal year 2022 • EIN 88-0109920

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 01, 2023

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

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2022 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

13th percentile

0.03x

Higher debt load relative to revenue than 13% of similar nonprofits.

2022 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2022

Net Margin

53rd percentile

7.4%

Higher net margin than 53% of similar nonprofits.

2022 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

66th percentile

$0

Higher top officer pay than 66% of similar nonprofits.

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

2022 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2022

Asset Growth

8th percentile

-6.0%

Faster asset growth than 8% of similar nonprofits.

2022 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

43rd percentile

2.7%

Faster revenue growth than 43% of similar nonprofits.

2022 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets10th percentile

Assets

Down

$3,266,438

Down $207,967 (-6.0%) from 2021

Net Assets

Up

$3,253,130

Up $31,892 (+1.0%) from 2021

Liabilities

Down

$13,308

Down $239,859 (-95%) from 2021

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin53rd percentile

Revenue

Up

$428,845

Up $11,235 (+2.7%) from 2021

Expenses

Down

$396,953

Down $27,684 (-6.5%) from 2021

Net Income

Up

$31,892

Up $38,919 (+554%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth8th 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

2022

Assets$3,266,438
Liabilities$13,308
Net Assets$3,253,130
Open 2022 Filing

Operations Trend

Revenue Growth43rd 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

2022

Revenue$428,845
Expenses$396,953
Net Income$31,892
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 1, 2023
Return Version
2022v5.0
Gross Receipts
$428,845
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$3,144,842$3,176,734▲ $31,892
Land, Buildings, and Equipment, Net$2,784,655$2,688,542▼ $96,113
Savings and Temporary Cash Investments$603,692$481,646▼ $122,046
Pd in Cap Srpls Land Bldg Eqp Fund$76,396$76,396→ $0
Inventories for Sale or Use$43,730$51,266▲ $7,536
Accounts Receivable$26,269$25,006▼ $1,263
Cash and Non-Interest-Bearing Accounts$11,701$14,778▲ $3,077
Prepaid Expenses and Deferred Charges$4,358$5,200▲ $842
Total Assets$3,474,405$3,266,438▼ $207,967
Liabilities
Mortgage Notes Payable Secured by Investment Property$240,906--
Other Liabilities$9,180$8,677▼ $503
Accounts Payable and Accrued Expenses$3,081$4,631▲ $1,550
Total Liabilities$253,167$13,308▼ $239,859
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,221,238$3,253,130▲ $31,892
Total Liabilities and Net Assets / Fund Balance$3,474,405$3,266,438▼ $207,967

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,365,262$2,182,011$4,547,273
Land$323,280-$323,280
Compensation and Service Providers
Top Officer Pay66th percentile

Board Members and Trustees

NameTitle
Eric HoltPresident
Kim LeeBoard Member
Mike AndersonBoard Member
Justin FrehnerSecretary/tr
Rich HansenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$412,487
Investment Income
$957
Other Revenue
$15,401
Change in Net Assets
$31,892

Audited Revenue Reconciliation

Revenue per Audited Statements
$428,845
Total Revenue per Audited Statements
$428,845
Total Revenue per Form 990
$428,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$246,016
Salaries, Compensation, and Employee Benefits$150,937
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$118,801
Other Salaries and Wages---$117,196
Insurance---$20,440
Other Employee Benefits---$18,307
Office Expenses---$16,454
Other Expenses---$13,972
All Other Expenses---$13,702
Payroll Taxes---$11,131
Pension Plan Contributions---$4,303
Interest---$1,570
Travel---$1,024
Total Functional Expenses$0$0$0$396,953

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$396,953
Total Expenses per Audited Statements$396,953
Total Expenses per Form 990$396,953
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$5,304
Payroll Taxes Payable$3,373
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
2023-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Holt
Formed
1982
Legal Domicile
Nv
Voting Board Members
5
Independent Board Members
5
Employees
5

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.”

Raw XML Appendix327 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
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IRS990/Organization501cInd0X
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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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03474405
IRS990/TotalAssetsEOYAmt03266438
IRS990/TotalAssetsGrp/BOYAmt03474405
IRS990/TotalAssetsGrp/EOYAmt03266438
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0396953
IRS990/TotalGrossUBIAmt013200
IRS990/TotalLiabilitiesBOYAmt0253167
IRS990/TotalLiabilitiesEOYAmt013308
IRS990/TotalLiabilitiesGrp/BOYAmt0253167
IRS990/TotalLiabilitiesGrp/EOYAmt013308
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03221238
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03253130
IRS990/TotalProgramServiceRevenueAmt0412487
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0415645
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0428845
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt013200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03474405
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03266438
IRS990/TravelGrp/TotalAmt01024
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 818
IRS990/USAddress/CityNm0PANACA
IRS990/USAddress/StateAbbreviationCd0NV
IRS990/USAddress/ZIPCd089042
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN FREHNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07757284282
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-01
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/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02023-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL C MCARTHUR CPA
ReturnHeader/ReturnTs02023-05-15T17:17:25-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JUSTIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FREHNER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,266,438
Liabilities
$13,308
Net assets
$3,253,130
Revenue
$428,845
Expenses
$396,953
Net income
$31,892
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