Blackman Community Water System Inc

Nonprofit profile at a glance

EIN
571218370
IRS 990 coverage
2010–2019
Forms available
Form 990 2019
Location
Baker, FL, USA
Phone
8505372527
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Utilities

Reported finances

Revenue
$123,805
Expenses
$271,488
Assets
$4,546,228
Liabilities
$2,173,026

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Randall Ward (President)

People named in this filing

  • Randall Ward (President)
  • Cassie Scofield (Board Member)
  • Donnie Fugate Sr (Board Member/Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Operating a rural, non-profit, water system to provide potable water to the Blackman, Florida community

What it reported doing in 2019

Construction of the water system was completed in February 2012. The water system began providing water service to water customers in March 2012. During 2012, the water system received a $229,068 grant from U.S. Dept of Agriculture Rural Development and a $103,523 grant from Okaloosa County Commissioners. The 2012 grants were used to complete the construction of the water system. No grant funds were received in 2013, and no grant funds were received in 2014.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 100
  • Accountability: 82
  • Sustainability: 39
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -119.3%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 16.75; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.48; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: 6.6% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: -27% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 0.9% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 7 of 7 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 10 filing years from 2010 to 2019
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.