Smith Bend Water Supply Corporation

990EZ • Fiscal year 2014 • EIN 23-7297094

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 27, 2014

Organization Profile N/A

P O Box 20776689

(254) 932-5345

Siviq Scores

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

0.44x

Higher debt load relative to assets than 86% of similar nonprofits.

2014 filings • 501(c)12 • <$500k nonprofits • Source year 2014

1.32x

Higher debt load relative to revenue than 89% of similar nonprofits.

2014 filings • 501(c)12 • <$500k nonprofits • Source year 2014

1.9%

Higher net margin than 41% of similar nonprofits.

2014 filings • 501(c)12 • <$500k nonprofits • Source year 2014

Higher top officer pay than 72% of similar nonprofits.

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

2014 filings • 501(c)12 • <$500k nonprofits • Source year 2014

-3.1%

Faster asset growth than 30% of similar nonprofits.

2014 filings • 501(c)12 • <$500k nonprofits • Annualized from 2013 to 2014

4.5%

Faster revenue growth than 62% of similar nonprofits.

2014 filings • 501(c)12 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet

Liabilities / Assets86th percentile

Assets

Down

$409,009

Down $13,245 (-3.1%) from 2013

Net Assets

$230,738

Up $2,517 (+1.1%) from 2013

Liabilities

Down

$178,271

Down $15,762 (-8.1%) from 2013

Revenue And Expenses

Liabilities / Revenue89th percentile Net Margin41st percentile

Revenue

$135,544

Up $5,879 (+4.5%) from 2013

Expenses

$133,027

Up $14,802 (+13%) from 2013

Net Income

Down

$2,517

Down $8,923 (-78%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

Highlighted filing

2014

Assets$409,009

Liabilities$178,271

Net Assets$230,738

Open 2014 Filing

Operations Trend

Revenue Growth62nd percentile

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

Highlighted filing

2014

Revenue$135,544

Expenses$133,027

Net Income$2,517

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2013 to Jun 30, 2014
Signed: Oct 27, 2014
Return Version: 2013v3.1
Gross Receipts: $135,544

Mission and Program Overview

Mission

Provide water utility service to members

Program Services

Description	Grants	Expenses
PRODUCE & DISTRIBUTE WATER TO METERS OWNED BY MEMBERS	-	$125,886

Compensation and Service Providers

Top Officer Pay72nd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
GARY HOLT	Pres/Director	PT	$0	-	-
JAMES NOLAN	Vice Pres/Director	-	$0	-	-
JERRY WHITE	Sec/Treas	-	$0	-	-
RUSSELL DORWARD	Director	-	$0	-	-
JUDY WASSON	Director	-	$0	-	-
RAYMOND HOLT	Director	-	$0	-	-

Filing and Contact Details

Filer

EIN: 23-7297094
Phone: 2549325345

Signing Officer

Name: Jerry White
Title: Sec/treas
Phone: 2549325345
Signed: 2014-10-27
Discuss with paid preparer: Yes

Preparer

Preparer: Richard D Lundberg
Phone: 2546758635

Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 8

“Patronage dividends 1972.”

Form 990EZ, Part I, Line 16

“Interest expense 5902. Insurance 4363. Supplies 11135. Dues & fees 1906. Depreciation 27671.”

Form 990EZ, Part II, Line 24

“Accounts receivable 15016. 15773. Prepaid expenses 1105. 1167. Capital credit allocation 13425. 14968.”

Form 990EZ, Part II, Line 26

“Accounts payable 2605. 3492. Unearned water revenue 204. 167. First national bank of bosque county 191224. 174612.”

Raw XML Appendix126 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.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	JERRY WHITE
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	2549325345
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1	0	992 CR 3530
IRS990EZ/BooksInCareOfDetail/USAddress/City	0	CLIFTON
IRS990EZ/BooksInCareOfDetail/USAddress/State	0	TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode	0	76634
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	15120
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	27184
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	0
IRS990EZ/CostOfGoodsSoldAmt	0	0
IRS990EZ/CostOrOtherBasisExpenseSaleAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	2517
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	47767
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	422254
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	409009
IRS990EZ/FundraisingGrossIncomeAmt	0	0
IRS990EZ/GainOrLossFromSaleOfAssetsAmt	0	0
IRS990EZ/GamingGrossIncomeAmt	0	0
IRS990EZ/GrossProfitLossSlsOfInvntryAmt	0	0
IRS990EZ/GrossReceiptsAmt	0	135544
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InvestmentIncomeAmt	0	0
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	377588
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	349917
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MembershipDuesAmt	0	0
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	228221
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	230738
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	228221
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	230738
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	32510
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	5.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	0.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	0.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	3	0.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	4	0.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	5	0.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	5	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	GARY HOLT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	JAMES NOLAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	JERRY WHITE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	RUSSELL DORWARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	4	JUDY WASSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	5	RAYMOND HOLT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRES/DIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	VICE PRES/DIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	SEC/TREAS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	4	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	5	DIRECTOR
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501cInd	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	29546
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	31908
IRS990EZ/OtherExpensesTotalAmt	0	50977
IRS990EZ/OtherRevenueTotalAmt	0	1972
IRS990EZ/PrimaryExemptPurposeTxt	0	PROVIDE WATER UTILITY SERVICE TO MEMBERS
IRS990EZ/PrintingPublicationsPostageAmt	0	1773
IRS990EZ/ProgramServiceRevenueAmt	0	133572
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	PRODUCE & DISTRIBUTE WATER TO METERS OWNED BY MEMBERS
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	125886
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SpecialEventsDirectExpensesAmt	0	0
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	0
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	194033
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	178271
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	133027
IRS990EZ/TotalProgramServiceExpensesAmt	0	125886
IRS990EZ/TotalRevenueAmt	0	135544
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	PATRONAGE DIVIDENDS 1972.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	INTEREST EXPENSE 5902. INSURANCE 4363. SUPPLIES 11135. DUES & FEES 1906. DEPRECIATION 27671.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	ACCOUNTS RECEIVABLE 15016. 15773. PREPAID EXPENSES 1105. 1167. CAPITAL CREDIT ALLOCATION 13425. 14968.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	ACCOUNTS PAYABLE 2605. 3492. UNEARNED WATER REVENUE 204. 167. FIRST NATIONAL BANK OF BOSQUE COUNTY 191224. 174612.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS	0	2015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	JERRY WHITE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	SEC/TREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	2549325345
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2014-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1	0	SMITH BEND WATER SUPPLY CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt	0	SMIT
ReturnHeader/Filer/EIN	0	237297094
ReturnHeader/Filer/PhoneNum	0	2549325345
ReturnHeader/Filer/USAddress/AddressLine1	0	P O BOX 207
ReturnHeader/Filer/USAddress/City	0	VALLEY MILLS
ReturnHeader/Filer/USAddress/State	0	TX
ReturnHeader/Filer/USAddress/ZIPCode	0	76689
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1	0	RICHARD D LUNDBERG PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1	0	714 WEST FIFTH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City	0	CLIFTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State	0	TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode	0	76634
ReturnHeader/PreparerPersonGrp/PhoneNum	0	2546758635
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2014-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	RICHARD D LUNDBERG
ReturnHeader/ReturnTs	0	2014-11-07T08:26:32-08:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2013-07-01
ReturnHeader/TaxPeriodEndDt	0	2014-06-30
ReturnHeader/TaxYr	0	2013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $409,009
Liabilities: $178,271
Net assets: $230,738
Revenue: $135,544
Expenses: $133,027
Net income: $2,517

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.	$9.68	$1.88	$7.80	$2.56	$2.50	$0.07
2024Detailed filing. Detailed filing data is available for this year.	$9.81	$2.08	$7.73	$6.55	$2.49	$4.06
2023Detailed filing. Detailed filing data is available for this year.	$5.34	$1.66	$3.67	$2.60	$2.44	$0.15
2022Detailed filing. Detailed filing data is available for this year.	$5.13	$1.61	$3.52	$2.19	$2.16	$0.02
2021Detailed filing. Detailed filing data is available for this year.	$4.77	$1.23	$3.55	$2.20	$1.79	$0.40
2020Detailed filing. Detailed filing data is available for this year.	$4.91	$1.77	$3.15	$1.99	$1.86	$0.13
2019Detailed filing. Detailed filing data is available for this year.	$4.85	$1.83	$3.01	$1.80	$1.78	$0.02
2018Detailed filing. Detailed filing data is available for this year.	$5.31	$2.32	$2.99	$2.06	$1.67	$0.39
2017Detailed filing. Detailed filing data is available for this year.	$5.37	$2.77	$2.60	$1.95	$1.57	$0.37
2016Detailed filing. Detailed filing data is available for this year.	$5.19	$2.96	$2.23	$1.46	$1.66	$0.20
2015Detailed filing. Detailed filing data is available for this year.	$5.34	$2.91	$2.43	$1.51	$1.39	$0.12
2014Detailed filing. Detailed filing data is available for this year.	$4.09	$1.78	$2.31	$1.36	$1.33	$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$4.22	$1.94	$2.28	$1.30	$1.18	$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$4.47	$2.30	$2.17	$1.26	$1.22	$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$4.65	$2.54	$2.11	$1.27	$1.20	$0.07