Civic Intelligence

Decatur County Rural Water Corp

EIN 35-1364063 • 501(c)4 • Greensburg, IN

Profile

Provide water service to members in rural communities

3455 N US Highway 421Greensburg, IN 47240

www.decaturcountyruralwater.com

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.21x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

2.06x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Net Margin

57th percentile

14%

Higher net margin than 57% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

501(c)4 • $10M-$25M nonprofits • Source year 2024

Asset Growth

30th percentile

0.4%

Faster asset growth than 30% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

22%

Faster revenue growth than 66% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$16,445,658

Up $73,946 (+0.5%) from 2022

Liabilities

Down

$3,478,163

Down $344,426 (-9.0%) from 2022

Net Assets

Up

$12,967,495

Up $418,372 (+3.3%) from 2022

Revenue

Up

$1,689,437

Up $286,923 (+20%) from 2022

Expenses

Up

$1,452,043

Up $305,196 (+27%) from 2022

Net Income

Down

$237,394

Down $18,273 (-7.1%) from 2022

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2012: $15,412,150Liabilities 2012: $6,935,359Net Assets 2012: $8,476,7912012Assets 2013: $16,120,674Liabilities 2013: $7,354,906Net Assets 2013: $8,765,7682013Assets 2014: $16,135,933Liabilities 2014: $5,260,439Net Assets 2014: $10,875,4942014Assets 2015: $16,263,467Liabilities 2015: $5,159,023Net Assets 2015: $11,104,4442015Assets 2016: $16,151,022Liabilities 2016: $4,711,684Net Assets 2016: $11,439,3382016Assets 2017: $16,114,278Liabilities 2017: $4,611,945Net Assets 2017: $11,502,3332017Assets 2018: $16,177,850Liabilities 2018: $4,509,974Net Assets 2018: $11,667,8762018Assets 2022: $16,371,712Liabilities 2022: $3,822,589Net Assets 2022: $12,549,1232022Assets 2024: $16,445,658Liabilities 2024: $3,478,163Net Assets 2024: $12,967,4952024

Highlighted filing

2024

Assets$16,445,658
Liabilities$3,478,163
Net Assets$12,967,495

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2012: $927,8922012Revenue 2013: $1,244,273Expenses 2013: $955,296Net Income 2013: $288,9772013Revenue 2014: $3,072,784Expenses 2014: $963,058Net Income 2014: $2,109,7262014Revenue 2015: $1,171,839Expenses 2015: $942,889Net Income 2015: $228,9502015Revenue 2016: $1,473,201Expenses 2016: $1,138,307Net Income 2016: $334,8942016Revenue 2017: $1,093,369Expenses 2017: $1,030,374Net Income 2017: $62,9952017Revenue 2018: $1,221,991Expenses 2018: $1,056,448Net Income 2018: $165,5432018Revenue 2022: $1,402,514Expenses 2022: $1,146,847Net Income 2022: $255,6672022Revenue 2024: $1,689,437Expenses 2024: $1,452,043Net Income 2024: $237,3942024

Highlighted filing

2024

Revenue$1,689,437
Expenses$1,452,043
Net Income$237,394

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 7, 2025
Return Version
2024v5.0
Gross Receipts
$1,689,437
Mission and Program Overview

Mission

Provide water service to members in rural communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,404,120$12,116,707▼ $287,413
Pd in Cap Srpls Land Bldg Eqp Fund$10,884,642$10,953,828▲ $69,186
Savings and Temporary Cash Investments$3,726,692$4,034,241▲ $307,549
Rtn Earn Endowment Incm Other Fnds$1,521,884$1,682,392▲ $160,508
Cap Stk Tr Prin Current Funds$323,575$331,275▲ $7,700
Accounts Receivable$174,879$191,831▲ $16,952
Inventories for Sale or Use$70,955$98,609▲ $27,654
Prepaid Expenses and Deferred Charges$3,676$4,101▲ $425
Cash and Non-Interest-Bearing Accounts$171$169▼ $2
Total Assets$16,380,493$16,445,658▲ $65,165
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,486,519$3,305,856▼ $180,663
Accounts Payable and Accrued Expenses$134,753$143,187▲ $8,434
Deferred Revenue$29,120$29,120→ $0
Total Liabilities$3,650,392$3,478,163▼ $172,229
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,730,101$12,967,495▲ $237,394
Total Liabilities and Net Assets / Fund Balance$16,380,493$16,445,658▲ $65,165

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,955,353$5,385,554$17,340,907
Land$161,354-$161,354
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lee BohmanPresident
Brian HuffBoard Member
Chris MenkedickBoard Member
Dennis WeberBoard Member
Jeff DeckBoard Member
Tom LukenBoard Member
Dennis CollinsSecretary
Joseph MoormanTreasurer
Deric HudsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,540,226
Investment Income
$149,211
Other Revenue
$0
Change in Net Assets
$237,394

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,612,552
Revenue Not Reported on Financial Statements
$76,885
Other Revenue Adjustments
$76,885
Total Revenue per Audited Statements
$1,612,552
Total Revenue per Form 990
$1,689,437
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,165,730
Salaries, Compensation, and Employee Benefits$286,313
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$294,795--$294,795
Other Salaries and Wages$101,939$156,188-$258,127
Interest$132,724--$132,724
All Other Expenses$79,803$-751-$79,052
Other Expenses$54,877--$54,877
Payroll Taxes$8,585$13,154-$21,739
Insurance$20,481$824-$21,305
Office Expenses-$16,875-$16,875
Fees for Services Accounting-$12,654-$12,654
Travel$12,129--$12,129
Other Employee Benefits$2,546$3,901-$6,447
Fees for Services Legal-$765-$765
Advertising-$295-$295
Total Functional Expenses$1,248,138$203,905$0$1,452,043

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,452,043
Total Expenses per Audited Statements$1,452,043
Total Expenses per Form 990$1,452,043
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Page 6, Part VI, Line 7A

Board members are elected at board meetings by a vote.

Form 990, Page 6, Part VI, Line 11B

Form 990 is given to the treasurer to examine and then approved at a board meeting by the board of directors.

Form 990, Page 6, Part VI, Line 12C

Each year the directors are elected. Prior to the election, the nominating committee checks for any conflict of interest for the board positions.

Form 990, Page 6, Part VI, Line 19

The governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Decatur County Rural Water Corp
EIN
35-1364063
Phone
8126633119
Address
3455 N US HIGHWAY 421, GREENSBURG, IN 47240

Signing Officer

Name
Joseph Moorman
Title
Treasurer
Phone
8126633119
Signed
2025-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee Bohman
Formed
1965
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
10
Volunteers
9

Preparer

Firm
Rbsk Partners Pc
Address
PO BOX 200, GREENSBURG, IN 47240-0200
Preparer
Ronald J Knueven CPA Cva
Phone
8126637567
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Income taxes are not provided for in the financial statements since the corporation is exempt from federal and state income taxes under section 501(c)(4) of the internal revenue code and similar state provisions. The corporation is not classified as a private foundation. The corporation has adopted accounting rules that prescribe when to recognize and how to measure the financial statement effect, if any, of income tax positions taken or expected to be taken on its income tax returns, including the position that the corporation continues to qualify to be treated as a not-for-profit corporation for both federal and state income tax purposes. These rules require management to evaluate the likelihood that, upon examination by relevant taxing jurisdictions, those income tax positions would be sustained. Based on that evaluation, if it were more than 50% probable that a material amount of income tax would be imposed at the entity level upon examination by the relevant taxing authorities, a liability would be recognized in the accompanying balance sheet along with any interest and penalties that would result from that assessment. Should any such penalties and interest be incurred, the utilities' policy would be to recognize them as operating expenses. No interest or penalties have been accrued or charged to expense as of december 31, 2024 or 2023. The corporation's federal and state income tax returns for 2020 through 2024 are subject to possible examination by the taxing authorities until the expiration of the related statutes of limitations on those tax returns. In general, the federal and state income tax returns have a three year statute of limitations

Schedule D, Page 4, Part XI, Line 4B

Membership dues and assessments 76,885

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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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IRS990/ReconcilationRevenueExpnssAmt0237394
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt05385554
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017340907
IRS990ScheduleD/ExpensesSubtotalAmt01452043
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0161354
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0161354
IRS990ScheduleD/OtherRevenuesNotIncludedAmt076885
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt076885
IRS990ScheduleD/RevenueSubtotalAmt01612552
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES ARE NOT PROVIDED FOR IN THE FINANCIAL STATEMENTS SINCE THE CORPORATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS. THE CORPORATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE CORPORATION HAS ADOPTED ACCOUNTING RULES THAT PRESCRIBE WHEN TO RECOGNIZE AND HOW TO MEASURE THE FINANCIAL STATEMENT EFFECT, IF ANY, OF INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON ITS INCOME TAX RETURNS, INCLUDING THE POSITION THAT THE CORPORATION CONTINUES TO QUALIFY TO BE TREATED AS A NOT-FOR-PROFIT CORPORATION FOR BOTH FEDERAL AND STATE INCOME TAX PURPOSES. THESE RULES REQUIRE MANAGEMENT TO EVALUATE THE LIKELIHOOD THAT, UPON EXAMINATION BY RELEVANT TAXING JURISDICTIONS, THOSE INCOME TAX POSITIONS WOULD BE SUSTAINED. BASED ON THAT EVALUATION, IF IT WERE MORE THAN 50% PROBABLE THAT A MATERIAL AMOUNT OF INCOME TAX WOULD BE IMPOSED AT THE ENTITY LEVEL UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITIES, A LIABILITY WOULD BE RECOGNIZED IN THE ACCOMPANYING BALANCE SHEET ALONG WITH ANY INTEREST AND PENALTIES THAT WOULD RESULT FROM THAT ASSESSMENT. SHOULD ANY SUCH PENALTIES AND INTEREST BE INCURRED, THE UTILITIES' POLICY WOULD BE TO RECOGNIZE THEM AS OPERATING EXPENSES. NO INTEREST OR PENALTIES HAVE BEEN ACCRUED OR CHARGED TO EXPENSE AS OF DECEMBER 31, 2024 OR 2023. THE CORPORATION'S FEDERAL AND STATE INCOME TAX RETURNS FOR 2020 THROUGH 2024 ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES UNTIL THE EXPIRATION OF THE RELATED STATUTES OF LIMITATIONS ON THOSE TAX RETURNS. IN GENERAL, THE FEDERAL AND STATE INCOME TAX RETURNS HAVE A THREE YEAR STATUTE OF LIMITATIONS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP DUES AND ASSESSMENTS 76,885
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
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IRS990ScheduleD/TotalRevenuePerForm990Amt01689437
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ARE ELECTED AT BOARD MEETINGS BY A VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS GIVEN TO THE TREASURER TO EXAMINE AND THEN APPROVED AT A BOARD MEETING BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH YEAR THE DIRECTORS ARE ELECTED. PRIOR TO THE ELECTION, THE NOMINATING COMMITTEE CHECKS FOR ANY CONFLICT OF INTEREST FOR THE BOARD POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalAssetsGrp/EOYAmt016445658
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IRS990/TotalFunctionalExpensesGrp/TotalAmt01452043
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03650392
IRS990/TotalLiabilitiesEOYAmt03478163
IRS990/TotalLiabilitiesGrp/BOYAmt03650392
IRS990/TotalLiabilitiesGrp/EOYAmt03478163
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012730101
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012967495
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IRS990/TotalProgramServiceRevenueAmt01540226
IRS990/TotalRevenueGrp/ExclusionAmt0149211
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01540226
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01689437
IRS990/TotalVolunteersCnt09
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016445658
IRS990/TravelGrp/ProgramServicesAmt012129
IRS990/TravelGrp/TotalAmt012129
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04517 S CO RD 60 E
IRS990/USAddress/CityNm0GREENSBURG
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047240
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.DECATURCOUNTYRURALWATER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH MOORMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08126633119
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DECATUR COUNTY RURAL WATER CORP
ReturnHeader/Filer/BusinessNameControlTxt0DECA
ReturnHeader/Filer/EIN0351364063
ReturnHeader/Filer/PhoneNum08126633119
ReturnHeader/Filer/USAddress/AddressLine1Txt03455 N US HIGHWAY 421
ReturnHeader/Filer/USAddress/CityNm0GREENSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047240
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202213517
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RBSK PARTNERS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0472400200
ReturnHeader/PreparerPersonGrp/PhoneNum08126637567
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD J KNUEVEN CPA CVA
ReturnHeader/ReturnTs02025-08-13T17:49:11-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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