Civic Intelligence

Thomastown Community Water Assn

EIN 64-0574896 • 501(c)12 • Thomastown, MS

Profile

To provide drinking water to rural leake county mississippi

P O Box 81Thomastown, MS 39171

n/A

Siviq Scores

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

Liabilities / Assets

80th percentile

0.48x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

1.77x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Net Margin

33rd percentile

-0.6%

Higher net margin than 33% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

501(c)12 • $1M-$5M nonprofits • Source year 2024

Asset Growth

33rd percentile

-1.4%

Faster asset growth than 33% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

104%

Faster revenue growth than 94% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,025,900

Down $14,165 (-1.4%) from 2023

Liabilities

Down

$490,213

Down $12,519 (-2.5%) from 2023

Net Assets

Down

$535,687

Down $1,646 (-0.3%) from 2023

Revenue

Up

$276,460

Up $140,827 (+104%) from 2023

Expenses

Up

$278,106

Up $109,341 (+65%) from 2023

Net Income

Up

-$1,646

Up $31,486 (+95%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $928,955Liabilities 2010: $293,593Net Assets 2010: $635,3622010Assets 2011: $901,989Liabilities 2011: $281,679Net Assets 2011: $620,3102011Assets 2012: $1,395,111Liabilities 2012: $676,080Net Assets 2012: $719,0312012Assets 2013: $1,476,101Liabilities 2013: $787,942Net Assets 2013: $688,1592013Assets 2014: $1,444,435Liabilities 2014: $638,178Net Assets 2014: $806,2572014Assets 2015: $1,394,386Liabilities 2015: $608,803Net Assets 2015: $785,5832015Assets 2016: $1,303,151Liabilities 2016: $584,407Net Assets 2016: $718,7442016Assets 2017: $1,247,326Liabilities 2017: $558,427Net Assets 2017: $688,8992017Assets 2018: $1,208,238Liabilities 2018: $545,133Net Assets 2018: $663,1052018Assets 2019: $1,159,577Liabilities 2019: $522,696Net Assets 2019: $636,8812019Assets 2020: $1,146,510Liabilities 2020: $539,136Net Assets 2020: $607,3742020Assets 2021: $1,116,740Liabilities 2021: $529,467Net Assets 2021: $587,2732021Assets 2022: $1,087,652Liabilities 2022: $517,187Net Assets 2022: $570,4652022Assets 2023: $1,040,065Liabilities 2023: $502,732Net Assets 2023: $537,3332023Assets 2024: $1,025,900Liabilities 2024: $490,213Net Assets 2024: $535,6872024

Highlighted filing

2024

Assets$1,025,900
Liabilities$490,213
Net Assets$535,687

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $122,4882010Expenses 2011: $121,9672011Expenses 2012: $141,7752012Revenue 2013: $114,391Expenses 2013: $145,263Net Income 2013: -$30,8722013Revenue 2014: $159,296Expenses 2014: $171,594Net Income 2014: -$12,2982014Revenue 2015: $133,535Expenses 2015: $154,209Net Income 2015: -$20,6742015Revenue 2016: $133,332Expenses 2016: $158,040Net Income 2016: -$24,7082016Revenue 2017: $130,345Expenses 2017: $152,945Net Income 2017: -$22,6002017Revenue 2018: $132,977Expenses 2018: $158,770Net Income 2018: -$25,7932018Revenue 2019: $133,070Expenses 2019: $165,168Net Income 2019: -$32,0982019Revenue 2020: $136,282Expenses 2020: $165,789Net Income 2020: -$29,5072020Revenue 2021: $138,544Expenses 2021: $158,643Net Income 2021: -$20,0992021Revenue 2022: $145,785Expenses 2022: $163,109Net Income 2022: -$17,3242022Revenue 2023: $135,633Expenses 2023: $168,765Net Income 2023: -$33,1322023Revenue 2024: $276,460Expenses 2024: $278,106Net Income 2024: -$1,6462024

Highlighted filing

2024

Revenue$276,460
Expenses$278,106
Net Income-$1,646

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.49$0.54$0.28$0.28$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.04$0.50$0.54$0.14$0.17$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.09$0.52$0.57$0.15$0.16$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.12$0.53$0.59$0.14$0.16$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.54$0.61$0.14$0.17$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.16$0.52$0.64$0.13$0.17$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.21$0.55$0.66$0.13$0.16$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.25$0.56$0.69$0.13$0.15$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.30$0.58$0.72$0.13$0.16$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.39$0.61$0.79$0.13$0.15$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.44$0.64$0.81$0.16$0.17$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.48$0.79$0.69$0.11$0.15$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.68$0.72$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.28$0.62$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.29$0.64$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 14, 2025
Return Version
2024v5.2
Gross Receipts
$276,460
Mission and Program Overview

Mission

To provide water services to rural leake county mississippi.

To provide drinking water to rural leake county mississippi

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$837,390$826,720▼ $10,670
Cash and Non-Interest-Bearing Accounts$104,805$95,437▼ $9,368
Savings and Temporary Cash Investments$89,547$94,071▲ $4,524
Accounts Receivable$8,323$9,572▲ $1,249
Pledges and Grants Receivable-$100-
Total Assets$1,040,065$1,025,900▼ $14,165
Liabilities
Mortgage Notes Payable Secured by Investment Property$478,705$464,367▼ $14,338
Other Liabilities$24,027$25,846▲ $1,819
Total Liabilities$502,732$490,213▼ $12,519
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,653,021$1,686,153▲ $33,132
Net Assets Without Donor Restrictions$-1,115,688$-1,150,466▼ $34,778
Total Net Assets Fund Balance$537,333$535,687▼ $1,646
Total Liabilities and Net Assets / Fund Balance$1,040,065$1,025,900▼ $14,165

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$819,720$1,318,484$2,138,204
Buildings$0$28,000$28,000
Land$7,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Randy TriplettPresident
Michael EllingtonVice President
Yvonne EllisBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$117,000
Program Service Revenue
$151,652
Investment Income
$4,983
Other Revenue
$2,825
Change in Net Assets
$-1,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,494
Grants and Similar Amounts Paid$117,000
Salaries, Compensation, and Employee Benefits$36,612
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$117,000--$117,000
Depreciation Depletion$0$0$0$38,372
Other Salaries and Wages$0$0$0$33,884
Interest$0$0$0$13,382
Fees for Services Management$0$0$0$10,257
Other Expenses$0$0$0$9,700
Fees for Services Accounting$0$0$0$9,675
Insurance$0$0$0$4,235
Payroll Taxes$0$0$0$2,728
Total Functional Expenses$117,000$0$0$278,106
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Membership Deposits$25,104
Payroll taxes$742
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
Filing and Contact Details

Filer

Filer Name
Thomastown Community Water Assn
EIN
64-0574896
Phone
7692748193
Address
P O Box 81, Thomastown, MS 39171

Signing Officer

Name
Randy Triplett
Title
President
Phone
7692748193
Signed
2025-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Triplett
Formed
1965
Legal Domicile
Ms
Voting Board Members
340
Independent Board Members
340
Employees
2
Volunteers
3

Preparer

Firm
Moore Business Services
Address
6480 HWY 43 SOUTH, KOSCIUSKO, MS 39090
Preparer
Brenda Moore
Phone
6624179147
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990, Part VI, Line 11B-Organizations process to review Form 990 -No review was or will be conducted.

Pt VI, Line 19

Governing Documents Disclosure Explanation -No documents available to the public.

Raw XML Appendix337 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.

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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-14
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Brenda Moore
ReturnHeader/ReturnTs02025-11-17T15:01:44-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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