Civic Intelligence

Daviess County Rural Water System Inc

EIN 35-1318696 • 501(c)12 • Washington, IN

Profile

Provide water service to rural citizens of daviess county, indiana

PO Box 129Washington, IN 47501

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.44x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

2.66x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2024

Net Margin

25th percentile

0.9%

Higher net margin than 25% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

39th percentile

$4,650

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)12 • $10M-$25M nonprofits • Source year 2024

Asset Growth

24th percentile

-0.5%

Faster asset growth than 24% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

5.1%

Faster revenue growth than 51% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$16,754,714

Down $89,848 (-0.5%) from 2023

Liabilities

Down

$7,448,810

Down $534,518 (-6.7%) from 2023

Net Assets

Up

$9,305,904

Up $444,670 (+5.0%) from 2023

Revenue

Up

$2,804,584

Up $135,271 (+5.1%) from 2023

Expenses

Up

$2,777,957

Up $295,775 (+12%) from 2023

Net Income

Down

$26,627

Down $160,504 (-86%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2020: $19,721,864Liabilities 2020: $8,590,511Net Assets 2020: $11,131,3532020Assets 2021: $16,846,656Liabilities 2021: $8,447,044Net Assets 2021: $8,399,6122021Assets 2022: $16,786,857Liabilities 2022: $8,216,855Net Assets 2022: $8,570,0022022Assets 2023: $16,844,562Liabilities 2023: $7,983,328Net Assets 2023: $8,861,2342023Assets 2024: $16,754,714Liabilities 2024: $7,448,810Net Assets 2024: $9,305,9042024

Highlighted filing

2024

Assets$16,754,714
Liabilities$7,448,810
Net Assets$9,305,904

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0Revenue 2020: $2,455,201Expenses 2020: $2,287,661Net Income 2020: $167,5402020Revenue 2021: $2,456,308Expenses 2021: $2,257,798Net Income 2021: $198,5102021Revenue 2022: $2,477,583Expenses 2022: $2,337,668Net Income 2022: $139,9152022Revenue 2023: $2,669,313Expenses 2023: $2,482,182Net Income 2023: $187,1312023Revenue 2024: $2,804,584Expenses 2024: $2,777,957Net Income 2024: $26,6272024

Highlighted filing

2024

Revenue$2,804,584
Expenses$2,777,957
Net Income$26,627

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 6, 2025
Return Version
2024v5.1
Gross Receipts
$2,804,584
Mission and Program Overview

Mission

Provide water service to rural citizens of daviess county, indiana

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,423,914$15,060,302▲ $636,388
Rtn Earn Endowment Incm Other Fnds$5,707,716$5,734,343▲ $26,627
Pd in Cap Srpls Land Bldg Eqp Fund$3,153,518$3,571,561▲ $418,043
Savings and Temporary Cash Investments$1,900,339$1,193,763▼ $706,576
Accounts Receivable$215,026$195,221▼ $19,805
Inventories for Sale or Use$225,613$138,891▼ $86,722
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$16,844,562$16,754,714▼ $89,848
Other Assets Total$79,670$166,537▲ $86,867
Liabilities
Other Liabilities$7,869,512$7,335,619▼ $533,893
Accounts Payable and Accrued Expenses$113,816$113,191▼ $625
Total Liabilities$7,983,328$7,448,810▼ $534,518
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,861,234$9,305,904▲ $444,670
Total Liabilities and Net Assets / Fund Balance$16,844,562$16,754,714▼ $89,848

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,016,137$7,397,738$22,413,875
Land$44,165-$44,165
Compensation and Service Providers

Employees

NameTitleBaseTotal
Kevin J ArmesPresident$4,650$4,650
Steven Brett RiggleSecretary$3,850$3,850
David MallettBoard Member$3,650$3,650
David PottsTreasurer$3,650$3,650
Jeremy BennettBoard Member$3,650$3,650
Michael R RigginsVice President$3,650$3,650
Cole WolfordBoard Member$3,050$3,050
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,796,504
Investment Income
$8,080
Other Revenue
$0
Change in Net Assets
$26,627
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,153,822
Salaries, Compensation, and Employee Benefits$624,135
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$996,242--$996,242
Other Salaries and Wages$384,920$239,215-$624,135
Depreciation Depletion-$479,024-$479,024
Interest-$208,046-$208,046
Insurance$10,215$31,578-$41,793
Payment Travel Entrtnmnt Publicly Ofcl$30,832$9,898-$40,730
Fees for Services Legal-$35,097-$35,097
Other Expenses$46,846$35,088-$35,088
Total Functional Expenses$1,693,055$1,084,902$0$2,777,957
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable$7,328,960
Accrued Interest$6,659
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
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, Part VI, Section A, Line 6

Organization has members/users.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed at the monthly board meeting of the board of directors the month before the return is due(may 15).

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict in interest policy, financials statements and form 990 available to the public at its administration office at 1082 n 350 e washington, in 47501.

Filing and Contact Details

Filer

Filer Name
Daviess County Rural Water System Inc
EIN
35-1318696
Phone
8122544526
Address
PO BOX 129, WASHINGTON, IN 47501

Signing Officer

Name
Kevin J Armes
Title
President
Signed
2025-06-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin J Armes
Formed
1971
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
13

Preparer

Firm
Frette & Wagler LLC
Address
PO Box 583, Washington, IN 47501
Preparer
Tyson J Wagler CPA
Phone
8122543442
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Customer line connections = $10343

Form 990, Part XI, Line 9

Membership adjustment = $304200

Form 990, Part XI, Line 9

TAP FEES = $103500

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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015060302
IRS990ScheduleD/TotalLiabilityAmt07335619
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION HAS MEMBERS/USERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED AT THE MONTHLY BOARD MEETING OF THE BOARD OF DIRECTORS THE MONTH BEFORE THE RETURN IS DUE(MAY 15).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT IN INTEREST POLICY, FINANCIALS STATEMENTS AND FORM 990 AVAILABLE TO THE PUBLIC AT ITS ADMINISTRATION OFFICE AT 1082 N 350 E WASHINGTON, IN 47501.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CUSTOMER LINE CONNECTIONS = $10343
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERSHIP ADJUSTMENT = $304200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TAP FEES = $103500
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt016844562
IRS990/TotalAssetsEOYAmt016754714
IRS990/TotalAssetsGrp/BOYAmt016844562
IRS990/TotalAssetsGrp/EOYAmt016754714
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01084902
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01693055
IRS990/TotalFunctionalExpensesGrp/TotalAmt02777957
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07983328
IRS990/TotalLiabilitiesEOYAmt07448810
IRS990/TotalLiabilitiesGrp/BOYAmt07983328
IRS990/TotalLiabilitiesGrp/EOYAmt07448810
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08861234
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09305904
IRS990/TotalProgramServiceRevenueAmt02796504
IRS990/TotalReportableCompFromOrgAmt026150
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02804584
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02804584
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016844562
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016754714
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt06345 S 400 E
IRS990/USAddress/CityNm0MONTGOMERY
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047558
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN J ARMES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DAVIESS COUNTY RURAL WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0DAVI
ReturnHeader/Filer/EIN0351318696
ReturnHeader/Filer/PhoneNum08122544526
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 129
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047501
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271680663
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Frette & Wagler LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 583
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Washington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047501
ReturnHeader/PreparerPersonGrp/PhoneNum08122543442
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TYSON J WAGLER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-06-06T13:38:51-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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