Civic Intelligence

Chesapeake Ranch Water Company

990 • Fiscal year 2019 • EIN 52-0794026

Jul 01, 2018 to Jun 30, 2019 • Filed on Aug 28, 2019

11560 Hg Trueman RoadLusby, MD 20657

(410) 326-4122

Siviq Scores

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

Liabilities / Assets

38th percentile

0.21x

Higher debt load relative to assets than 38% of similar nonprofits.

2019 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

40th percentile

1.12x

Higher debt load relative to revenue than 40% of similar nonprofits.

2019 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2019

Net Margin

39th percentile

1.7%

Higher net margin than 39% of similar nonprofits.

2019 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

87th percentile

$105,158

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2019 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2019

Asset Growth

52nd percentile

0.8%

Faster asset growth than 52% of similar nonprofits.

2019 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

51st percentile

2.2%

Faster revenue growth than 51% of similar nonprofits.

2019 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$8,812,561

Up $72,332 (+0.8%) from 2018

Net Assets

Up

$6,967,830

Up $33,640 (+0.5%) from 2018

Liabilities

Up

$1,844,731

Up $38,692 (+2.1%) from 2018

Revenue

Up

$1,641,772

Up $35,117 (+2.2%) from 2018

Expenses

Up

$1,613,139

Up $714 (+0.0%) from 2018

Net Income

Up

$28,633

Up $34,403 (+596%) from 2018

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2012: $9,185,301Liabilities 2012: $1,974,362Net Assets 2012: $7,210,9392012Assets 2013: $9,256,997Liabilities 2013: $2,008,235Net Assets 2013: $7,248,7622013Assets 2014: $9,206,369Liabilities 2014: $1,952,318Net Assets 2014: $7,254,0512014Assets 2015: $9,009,228Liabilities 2015: $1,986,734Net Assets 2015: $7,022,4942015Assets 2016: $8,880,770Liabilities 2016: $1,951,402Net Assets 2016: $6,929,3682016Assets 2017: $8,826,196Liabilities 2017: $1,901,239Net Assets 2017: $6,924,9572017Assets 2018: $8,740,229Liabilities 2018: $1,806,039Net Assets 2018: $6,934,1902018Assets 2019: $8,812,561Liabilities 2019: $1,844,731Net Assets 2019: $6,967,8302019Assets 2020: $8,616,731Liabilities 2020: $1,779,893Net Assets 2020: $6,836,8382020Assets 2021: $8,589,853Liabilities 2021: $1,687,055Net Assets 2021: $6,902,7982021Assets 2022: $8,438,177Liabilities 2022: $1,726,311Net Assets 2022: $6,711,8662022Assets 2023: $8,310,592Liabilities 2023: $1,617,474Net Assets 2023: $6,693,1182023Assets 2025: $8,645,553Liabilities 2025: $1,464,892Net Assets 2025: $7,180,6612025

Highlighted filing

2019

Assets$8,812,561
Liabilities$1,844,731
Net Assets$6,967,830

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $1,456,0082012Revenue 2013: $1,511,088Expenses 2013: $1,495,765Net Income 2013: $15,3232013Revenue 2014: $1,486,161Expenses 2014: $1,498,871Net Income 2014: -$12,7102014Revenue 2015: $1,472,220Expenses 2015: $1,713,277Net Income 2015: -$241,0572015Revenue 2016: $1,498,886Expenses 2016: $1,598,012Net Income 2016: -$99,1262016Revenue 2017: $1,571,917Expenses 2017: $1,586,328Net Income 2017: -$14,4112017Revenue 2018: $1,606,655Expenses 2018: $1,612,425Net Income 2018: -$5,7702018Revenue 2019: $1,641,772Expenses 2019: $1,613,139Net Income 2019: $28,6332019Revenue 2020: $1,508,429Expenses 2020: $1,654,419Net Income 2020: -$145,9902020Revenue 2021: $1,743,794Expenses 2021: $1,697,830Net Income 2021: $45,9642021Revenue 2022: $1,769,032Expenses 2022: $1,810,246Net Income 2022: -$41,2142022Revenue 2023: $1,859,618Expenses 2023: $1,969,049Net Income 2023: -$109,4312023Revenue 2025: $1,965,596Expenses 2025: $1,865,129Net Income 2025: $100,4672025

Highlighted filing

2019

Revenue$1,641,772
Expenses$1,613,139
Net Income$28,633
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Aug 28, 2019
Return Version
2018v3.1
Gross Receipts
$1,641,772
Mission and Program Overview

Mission

Chesapeake Ranch Water Companys mission is to provide safe drinking water to its members.

Chesapeake Ranch Water Company's mission is to provide safe drinking water to its' members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,080,923$6,791,847▼ $289,076
Savings and Temporary Cash Investments$28,330$628,355▲ $600,025
Investments in Publicly Traded Securities$655,097$499,476▼ $155,621
Cash and Non-Interest-Bearing Accounts$481,414$410,792▼ $70,622
Accounts Receivable$342,279$329,905▼ $12,374
Prepaid Expenses and Deferred Charges$13,086$13,086→ $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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$8,740,229$8,812,561▲ $72,332
Other Assets Total$139,100$139,100→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,613,794$1,570,814▼ $42,980
Accounts Payable and Accrued Expenses$179,151$260,823▲ $81,672
Deferred Revenue$13,094$13,094→ $0
Total Liabilities$1,806,039$1,844,731▲ $38,692
Net Assets / Fund Balance
Unrestricted Net Assets$6,934,190$6,967,830▲ $33,640
Total Net Assets Fund Balance$6,934,190$6,967,830▲ $33,640
Total Liabilities and Net Assets / Fund Balance$8,740,229$8,812,561▲ $72,332

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,985,952$7,472,081$12,458,033
Land$1,805,895-$1,805,895
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
George HansonGeneral ManagerFT$105,158$105,158

Board Members and Trustees

NameTitle
Tim KolesPresident
Stephens BroussardVice President
Dee WunderDirector
John TurnerDirector
Mark GiuffridaDirector
Robert BiersnerDirector
Steven DeanDirector
Culver LaddSecretary
John BenishTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,564,299
Investment Income
$50,609
Other Revenue
$26,864
Change in Net Assets
$28,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$995,343
Salaries, Compensation, and Employee Benefits$617,796
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$437,320--$437,320
Other Salaries and Wages$369,365--$369,365
Current Officers, Directors, Trustees, and Key Employees$107,364--$107,364
All Other Expenses$83,865--$83,865
Interest$71,624--$71,624
Insurance$69,543--$69,543
Other Employee Benefits$56,660--$56,660
Payroll Taxes$42,800--$42,800
Pension Plan Contributions$41,607--$41,607
Office Expenses$30,353--$30,353
Fees for Services Accounting$25,190--$25,190
Other Expenses$18,292--$18,292
Information Technology$10,409--$10,409
Fees for Service Investment Mgmnt Fees$6,211--$6,211
Total Functional Expenses$1,613,139$0$0$1,613,139
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-
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Completed form 990 made available to all directors prior to filing. Retired CPA reviews with Board.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Form 990 is available for inspection at administrative office

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All documents are available for inspection and copying at administrative office.

Filing and Contact Details

Filer

Filer Name
Chesapeake Ranch Water Co
EIN
52-0794026
Phone
4103264122
Address
11560 HG TRUEMAN ROAD, LUSBY, MD 20657

Signing Officer

Name
George Hanson
Title
General Manager
Signed
2019-08-28
Discuss with paid preparer
Yes

Organization Details

Formed
1960
Legal Domicile
Md
Voting Board Members
3,950
Independent Board Members
3,933
Employees
10

Preparer

Firm
Stone Circle Associates
Address
1113 ODENTON RD, ODENTON, MD 21113-1606
Preparer
Francis A Korwek CPA
Phone
4106747445
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Rounding = $7

Other Changes In Net Assets Or Fund Balances - Other Increases

Subscription Fees = $5000

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IRS990/OtherChangesInNetAssetsAmt05007
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt056660
IRS990/OtherEmployeeBenefitsGrp/TotalAmt056660
IRS990/OtherExpensesGrp/Desc0Pumping & Purification
IRS990/OtherExpensesGrp/Desc1Postage and Shipping
IRS990/OtherExpensesGrp/Desc2Storage & Distribution
IRS990/OtherExpensesGrp/Desc3Credit Card Fees
IRS990/OtherExpensesGrp/ProgramServicesAmt0137469
IRS990/OtherExpensesGrp/ProgramServicesAmt177295
IRS990/OtherExpensesGrp/ProgramServicesAmt227772
IRS990/OtherExpensesGrp/ProgramServicesAmt318292
IRS990/OtherExpensesGrp/TotalAmt0137469
IRS990/OtherExpensesGrp/TotalAmt177295
IRS990/OtherExpensesGrp/TotalAmt227772
IRS990/OtherExpensesGrp/TotalAmt318292
IRS990/OtherInd0X
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/BusinessCd1221000
IRS990/OtherRevenueMiscGrp/BusinessCd2221000
IRS990/OtherRevenueMiscGrp/Desc0Cell Tower Rental
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/Desc2Sale of Work Trucks
IRS990/OtherRevenueMiscGrp/ExclusionAmt026565
IRS990/OtherRevenueMiscGrp/ExclusionAmt1228
IRS990/OtherRevenueMiscGrp/ExclusionAmt271
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt026565
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1228
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt271
IRS990/OtherRevenueTotalAmt026864
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0369365
IRS990/OtherSalariesAndWagesGrp/TotalAmt0369365
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt042800
IRS990/PayrollTaxesGrp/TotalAmt042800
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt041607
IRS990/PensionPlanContributionsGrp/TotalAmt041607
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013086
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013086
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/Desc0Commercial Water Sales
IRS990/ProgramServiceRevenueGrp/Desc1Customer Service Fees
IRS990/ProgramServiceRevenueGrp/Desc2Residential Water Servic
IRS990/ProgramServiceRevenueGrp/Desc3Transfer fees
IRS990/ProgramServiceRevenueGrp/Desc4Water Los Insurance
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012747
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt167288
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21449545
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt313750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt420969
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012747
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt167288
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21449545
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt313750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt420969
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt05129
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0957609
IRS990/PYOtherRevenueAmt048296
IRS990/PYProgramServiceRevenueAmt01553230
IRS990/PYRevenuesLessExpensesAmt0-5770
IRS990/PYSalariesCompEmpBnftPaidAmt0654816
IRS990/PYTotalExpensesAmt01612425
IRS990/PYTotalRevenueAmt01606655
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt028633
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt028330
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0628355
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt04985952
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07472081
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012458033
IRS990ScheduleD/LandGrp/BookValueAmt01805895
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01805895
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06791847
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Completed form 990 made available to all directors prior to filing. Retired CPA reviews with Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is available for inspection at administrative office
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All documents are available for inspection and copying at administrative office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Rounding = $7
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Subscription Fees = $5000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08740229
IRS990/TotalAssetsEOYAmt08812561
IRS990/TotalAssetsGrp/BOYAmt08740229
IRS990/TotalAssetsGrp/EOYAmt08812561
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01613139
IRS990/TotalFunctionalExpensesGrp/TotalAmt01613139
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01806039
IRS990/TotalLiabilitiesEOYAmt01844731
IRS990/TotalLiabilitiesGrp/BOYAmt01806039
IRS990/TotalLiabilitiesGrp/EOYAmt01844731
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06934190
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06967830
IRS990/TotalProgramServiceRevenueAmt01564299
IRS990/TotalReportableCompFromOrgAmt0105158
IRS990/TotalRevenueGrp/ExclusionAmt026864
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01614908
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01641772
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08740229
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08812561
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt06934190
IRS990/UnrestrictedNetAssetsGrp/EOYAmt06967830
IRS990/USAddress/AddressLine1Txt011560 HG TRUEMAN ROAD
IRS990/USAddress/CityNm0LUSBY
IRS990/USAddress/StateAbbreviationCd0MD

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.65$1.46$7.18$1.97$1.87$0.10
2023Summary only. Only limited summary data is available for this year.$8.31$1.62$6.69$1.86$1.97$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.44$1.73$6.71$1.77$1.81$0.04
2021Summary only. Only limited summary data is available for this year.$8.59$1.69$6.90$1.74$1.70$0.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.62$1.78$6.84$1.51$1.65$0.15
2019Detailed filing. Detailed filing data is available for this year.$8.81$1.84$6.97$1.64$1.61$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.74$1.81$6.93$1.61$1.61$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.83$1.90$6.92$1.57$1.59$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.88$1.95$6.93$1.50$1.60$0.10
2015Detailed filing. Detailed filing data is available for this year.$9.01$1.99$7.02$1.47$1.71$0.24
2014Summary only. Only limited summary data is available for this year.$9.21$1.95$7.25$1.49$1.50$0.01
2013Summary only. Only limited summary data is available for this year.$9.26$2.01$7.25$1.51$1.50$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.19$1.97$7.21$1.46