Spring Valley Water System FY2022 filing

Not tax-deductible

Tuscumbia, ALMutual-benefit / member-servingSince 1971Public & Societal BenefitEIN 47-2301358Revenue $1.3M in FY2022

On file with the IRS912 Lagrange Rd, 35674-5594 · Tuscumbia, ALTax-exempt since Dec 2014

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Retail Water Sales to Members

100¢ of each $1 spent went to programs.
$5K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $81K a year · 6% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5K
to officers and key staff · 0.4% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.7M
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+5% vs prior year
Spent
$1.3M
To programs
100%
Net assets
$3.1M
By yearFY2020–FY2025
Revenue
$1.3M
FY2022▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.3M
FY2023$1.3M
FY2024$1.3M
FY2025$1.4M
Expenses
$1.3M
FY2022▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.3M
FY2023$1.4M
FY2024$1.5M
FY2025$1.6M
Net assets
$3.1M
FY2022+0.4%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$3.1M
FY2022$3.1M
FY2023$3.0M
FY2024$2.8M
FY2025$2.7M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Dec 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.3M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$1,800Pt VII · Sec A
Vice-President
$1,800Pt VII · Sec A
Secretary
$1,800Pt VII · Sec A

Jimmey Looney’s $2K as President is at the 1st percentile of top reported officer pay among 731 $1–10M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jimmey Looney$2,400$2,400$2,350$1,800$1,800$1,800
Tony Jones$2,400$2,400$2,350$1,800$1,800—
Hobert Butler$2,400$2,400$2,350$1,800$1,800$1,800
John Wright—————$1,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Spring Valley Water System executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Spring Valley Water System is a member-serving organization based in Tuscumbia, AL, formed in 1971.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2022
01

Cost of Providing potable water to members.

$1.3Mprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$9K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.3M
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$5.7M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$9K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$565K
SavingsLn 2$757K
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$4.1M
Other assetsLn 15$120K
Total assetsLn 16$5.7M
LiabilitiesLn 26$2.7M
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.6M$1.3M
Land, buildings, equipmentLn 10c$3.8M$4.1M
Total assetsLn 16$5.8M$5.7M
LiabilitiesLn 26$2.7M$2.7M
Net assetsLn 32$3.1M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InterestLn 20$85K$85K$0$0
Depreciation, depletion and amortizationLn 22$183K$183K$0$0
Other expenses (24a–d)Ln 24$961K$961K$0$0
All other expensesLn 24e$70K$70K$0$0
Total functional expensesLn 25$1.3M$1.3M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.4M$1.6M−$129K$2.7M 990 PDF
FY2024 $1.3M$1.5M−$158K$2.8M 990 PDF
FY2023 $1.3M$1.4M−$96K$3.0M 990 PDF
FY2022 Viewing $1.3M$1.3M$12K$3.1M 990 PDF
FY2021 $1.2M$1.3M−$72K$3.1M 990 PDF
FY2020 $1.2M$1.3M−$43K$3.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $1,310,717 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,242,974$1,302,086
I-10 Investment incomePrior year $2,237$8,631
I-11 Other revenue$0
I-12 Total revenuePrior year $1,245,211$1,310,717
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,317,418$1,298,705
I-18 Total expensesPrior year $1,317,418$1,298,705
I-19 Revenue less expensesPrior year −$72,207$12,012
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,310,717 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,302,086
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$8,631
VIII-12 Total revenueRelated to mission $1,310,717 · Unrelated business $0 · Excluded from tax $0$1,310,717
Part IX · Statement of functional expenses $1,298,705 across 4 lines filed
IX-20 InterestPrograms $84,998 · Management $0 · Fundraising $0$84,998
IX-22 Depreciation, depletion and amortizationPrograms $182,725 · Management $0 · Fundraising $0$182,725
IX-24 Other expenses (24a–d)Programs $961,283 · Management $0 · Fundraising $0$961,283
IX-24e All other expensesPrograms $69,699 · Management $0 · Fundraising $0$69,699
IX-25 Total functional expensesPrograms $1,298,705 · Management $0 · Fundraising $0$1,298,705
Part X · Balance sheet $5,722,640 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $852,005$565,435
X-2 Savings and temporary cash investmentsStart of year $776,212$757,019
X-4 Accounts receivableStart of year $96,836$96,308
X-8 Inventories for sale or useStart of year $97,940$124,090
X-10c Land, buildings and equipment, netStart of year $3,787,335$4,059,557
X-15 Other assetsStart of year $150,231$120,231
X-16 Total assetsStart of year $5,760,559$5,722,640
X-17 Accounts payable and accrued expensesStart of year $85,081$92,605
X-26 Total liabilitiesStart of year $2,704,673$2,654,742
X-27 Net assets without donor restrictionsStart of year $3,055,886$3,067,898
X-32 Total net assets or fund balancesStart of year $3,055,886$3,067,898
X-33 Total liabilities and net assetsStart of year $5,760,559$5,722,640
Part XI · Reconciliation of net assets $3,067,898 net assets at year end
XI-1 Total revenue$1,310,717
XI-2 Total expenses$1,298,705
XI-3 Revenue less expenses$12,012
XI-4 Net assets at start of year$3,055,886
XI-10 Net assets at end of year$3,067,898

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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