Civic Intelligence

Sullivan-Vigo Rural Water Corporation

EIN 35-1925110 • 501(c)4 • Pimento, IN

Profile

This corporation is a mutual benefit corporation for the benefit of the individual members and the community by promoting, supporting, providing and operating a water utility system for the benefit of its members.

P O Box 52Pimento, IN 47866

sullivanvigowater.com

Siviq Scores

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

Liabilities / Assets

99th percentile

1.85x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

5.45x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

23rd percentile

-5.7%

Higher net margin than 23% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

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

501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

20th percentile

-5.5%

Faster asset growth than 20% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

14%

Faster revenue growth than 59% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,911,172

Down $170,544 (-5.5%) from 2023

Liabilities

Down

$5,393,225

Down $113,765 (-2.1%) from 2023

Net Assets

Down

-$2,482,053

Down $56,779 (-2.3%) from 2023

Revenue

Up

$989,395

Up $122,108 (+14%) from 2023

Expenses

Up

$1,046,174

Up $74,308 (+7.6%) from 2023

Net Income

Up

-$56,779

Up $47,800 (+46%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2012: $6,113,261Liabilities 2012: $6,662,301Net Assets 2012: -$549,0402012Assets 2015: $5,272,703Liabilities 2015: $6,469,835Net Assets 2015: -$1,197,1322015Assets 2016: $4,978,037Liabilities 2016: $6,345,431Net Assets 2016: -$1,367,3942016Assets 2017: $4,668,581Liabilities 2017: $6,229,215Net Assets 2017: -$1,560,6342017Assets 2018: $4,398,016Liabilities 2018: $6,119,946Net Assets 2018: -$1,721,9302018Assets 2019: $4,110,800Liabilities 2019: $6,000,126Net Assets 2019: -$1,889,3262019Assets 2020: $3,833,285Liabilities 2020: $5,880,035Net Assets 2020: -$2,046,7502020Assets 2021: $3,545,278Liabilities 2021: $5,760,821Net Assets 2021: -$2,215,5432021Assets 2022: $3,328,730Liabilities 2022: $5,649,425Net Assets 2022: -$2,320,6952022Assets 2023: $3,081,716Liabilities 2023: $5,506,990Net Assets 2023: -$2,425,2742023Assets 2024: $2,911,172Liabilities 2024: $5,393,225Net Assets 2024: -$2,482,0532024

Highlighted filing

2024

Assets$2,911,172
Liabilities$5,393,225
Net Assets-$2,482,053

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $993,6132012Revenue 2015: $635,276Expenses 2015: $808,635Net Income 2015: -$173,3592015Revenue 2016: $654,784Expenses 2016: $825,046Net Income 2016: -$170,2622016Revenue 2017: $652,921Expenses 2017: $846,161Net Income 2017: -$193,2402017Revenue 2018: $679,453Expenses 2018: $840,749Net Income 2018: -$161,2962018Revenue 2019: $674,478Expenses 2019: $841,874Net Income 2019: -$167,3962019Revenue 2020: $752,326Expenses 2020: $909,750Net Income 2020: -$157,4242020Revenue 2021: $761,633Expenses 2021: $930,426Net Income 2021: -$168,7932021Revenue 2022: $827,222Expenses 2022: $932,374Net Income 2022: -$105,1522022Revenue 2023: $867,287Expenses 2023: $971,866Net Income 2023: -$104,5792023Revenue 2024: $989,395Expenses 2024: $1,046,174Net Income 2024: -$56,7792024

Highlighted filing

2024

Revenue$989,395
Expenses$1,046,174
Net Income-$56,779

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 27, 2025
Return Version
2024v5.2
Gross Receipts
$989,395
Mission and Program Overview

Mission

This corporation is a mutual benefit corporation for the benefit of the individual members and the community by promoting, supporting, providing and operating a water utility system for the benefit of its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,472,072$2,102,929▼ $369,143
Savings and Temporary Cash Investments$409,703$470,080▲ $60,377
Cash and Non-Interest-Bearing Accounts$119,895$247,568▲ $127,673
Accounts Receivable$73,477$83,919▲ $10,442
Prepaid Expenses and Deferred Charges$6,569$6,676▲ $107
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-
Inventories for Sale or Use-$0-
Total Assets$3,081,716$2,911,172▼ $170,544
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,468,388$5,334,432▼ $133,956
Accounts Payable and Accrued Expenses$28,109$47,727▲ $19,618
Other Liabilities$10,493$11,066▲ $573
Total Liabilities$5,506,990$5,393,225▼ $113,765
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,425,274$-2,482,053▼ $56,779
Total Net Assets Fund Balance$-2,425,274$-2,482,053▼ $56,779
Total Liabilities and Net Assets / Fund Balance$3,081,716$2,911,172▼ $170,544

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,079,152$6,692,637$8,771,789
Equipment$22,663$51,819$74,482
Other Land Buildings-$23,223$23,223
Leasehold Improvements$1,114$22,066$23,180
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bionca GambillPresident
Frank RushVice President
Jc GummereDirector
John ArnoldDirector
Tom PearceDirector
Jack StultzSecretary
Peggy SlaterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$968,985
Investment Income
$19,260
Other Revenue
$1,150
Change in Net Assets
$-56,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$929,970
Salaries, Compensation, and Employee Benefits$116,204
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$369,143--$369,143
Interest$114,854--$114,854
Other Salaries and Wages$99,100--$99,100
All Other Expenses$47,898--$47,898
Other Expenses$23,005--$23,005
Fees for Services Other$20,953--$20,953
Fees for Services Legal$13,117--$13,117
Insurance$10,818--$10,818
Occupancy$10,336--$10,336
Other Employee Benefits$9,344--$9,344
Payroll Taxes$7,760--$7,760
Fees for Services Accounting$7,000--$7,000
Office Expenses$4,188--$4,188
Total Functional Expenses$1,046,174$0$0$1,046,174
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Chris GambillSpouseLegal ServicesNo$12,000

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
Accrued Sales Tax$4,977
Accrued Payroll Taxes$2,726
Accrued Interest Payable$1,863
Hydrant Meter Deposits$1,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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

The customers of the water company are the members of the organization.

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

Members of the governing body review the 990 prior to filing.

Form 990, Part VI, Section C, Line 19

These are available upon request.

Filing and Contact Details

Filer

Filer Name
Sullivan-vigo Rural Water Corporation
EIN
35-1925110
Phone
8122998909
Address
P O BOX 52, PIMENTO, IN 47866

Signing Officer

Name
Bionca Gambill
Title
President
Signed
2025-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bionca Gambill
Formed
1994
Legal Domicile
In
Voting Board Members
7
Independent Board Members
0
Employees
2

Preparer

Firm
Holbert & Phipps LLP
Address
400 Poplar Street Suite C, Terre Haute, IN 47807
Preparer
Carol a Holbert CPA
Phone
8122333082
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The oversight process has not changed from the prior year.

Financial Statement Notes

Part X : FIN48 Footnote

The organization adopted the provisions of fasb interpretation no. 48, accounting for uncertainty in income taxes (fasb asc 740-10). The organization has evaluated its exposure resulting from uncertain tax positions and determined the exposure is not material to the financial statements. Therefore, these financial statements do not include a liability for unrecognized tax positions. Upon recognition of a liability for an unrecognized tax benefit the organization would recognize interest accrued in interest expense and penalties in operating expenses.

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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06676
IRS990/PrincipalOfficerNm0BIONCA GAMBILL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0HOOK-ON FEES
IRS990/ProgramServiceRevenueGrp/Desc1WATER SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt045287
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1923698
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1923698
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt08700
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IRS990/PYOtherExpensesAmt0859970
IRS990/PYOtherRevenueAmt01720
IRS990/PYProgramServiceRevenueAmt0856867
IRS990/PYRevenuesLessExpensesAmt0-104579
IRS990/PYSalariesCompEmpBnftPaidAmt0111896
IRS990/PYTotalExpensesAmt0971866
IRS990/PYTotalRevenueAmt0867287
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-56779
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0989395
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0409703
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0470080
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02079152
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06692637
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08771789
IRS990ScheduleD/EquipmentGrp/BookValueAmt022663
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051819
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt074482
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01114
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt022066
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt023180
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023223
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt023223
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED SALES TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3HYDRANT METER DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ADOPTED THE PROVISIONS OF FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC 740-10). THE ORGANIZATION HAS EVALUATED ITS EXPOSURE RESULTING FROM UNCERTAIN TAX POSITIONS AND DETERMINED THE EXPOSURE IS NOT MATERIAL TO THE FINANCIAL STATEMENTS. THEREFORE, THESE FINANCIAL STATEMENTS DO NOT INCLUDE A LIABILITY FOR UNRECOGNIZED TAX POSITIONS. UPON RECOGNITION OF A LIABILITY FOR AN UNRECOGNIZED TAX BENEFIT THE ORGANIZATION WOULD RECOGNIZE INTEREST ACCRUED IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02102929
IRS990ScheduleD/TotalLiabilityAmt011066
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CHRIS GAMBILL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt012000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEGAL SERVICES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE ATTORNEY OF RECORD FOR THE ORGANIZATION IS THE SPOUSE OF THE PRESIDENT OF THE BOARD OF DIRECTORS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CUSTOMERS OF THE WATER COMPANY ARE THE MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE GOVERNING BODY REVIEW THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THESE ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
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 XII, Line 2c
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt03081716
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt01046174
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05506990
IRS990/TotalLiabilitiesEOYAmt05393225
IRS990/TotalLiabilitiesGrp/BOYAmt05506990
IRS990/TotalLiabilitiesGrp/EOYAmt05393225
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2425274
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2482053
IRS990/TotalProgramServiceExpensesAmt01046174
IRS990/TotalProgramServiceRevenueAmt0968985
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0989395
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0989395
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03081716
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02911172
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 52
IRS990/USAddress/CityNm0PIMENTO
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047866
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0SULLIVANVIGOWATER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BIONCA GAMBILL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SULLIVAN-VIGO RURAL WATER CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SULL
ReturnHeader/Filer/EIN0351925110
ReturnHeader/Filer/PhoneNum08122998909
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 52
ReturnHeader/Filer/USAddress/CityNm0PIMENTO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047866
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0320429612
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Holbert & Phipps LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 Poplar Street Suite C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Terre Haute
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047807
ReturnHeader/PreparerPersonGrp/PhoneNum08122333082
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAROL A HOLBERT CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-06-27T05:53:13-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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