Civic Intelligence

Hopewell Water Association Inc

EIN 64-0582513 • 501(c)12 • Oxford, MS

Profile

Rural Water Association formed to provide potable water for an area of 17 1/2 square miles serving approximately 530 members.

P O Box 366Oxford, MS 38655

n/A

Siviq Scores

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

Liabilities / Assets

55th percentile

0.24x

Higher debt load relative to assets than 55% of similar nonprofits.

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

Liabilities / Revenue

61st percentile

1.03x

Higher debt load relative to revenue than 61% of similar nonprofits.

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

Net Margin

94th percentile

59%

Higher net margin than 94% 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

85th percentile

15%

Faster asset growth than 85% of similar nonprofits.

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

Revenue Growth

84th percentile

30%

Faster revenue growth than 84% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$2,801,247

Up $361,908 (+15%) from 2023

Liabilities

Down

$668,445

Down $14,910 (-2.2%) from 2023

Net Assets

Up

$2,132,802

Up $376,818 (+21%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin94th percentile

Revenue

Up

$648,901

Up $149,528 (+30%) from 2023

Expenses

Down

$269,083

Down $43,391 (-14%) from 2023

Net Income

Up

$379,818

Up $192,919 (+103%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth85th percentile

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

$3.0M$2.0M$1.0M$0Assets 2020: $2,042,823Liabilities 2020: $785,042Net Assets 2020: $1,257,7812020Assets 2021: $2,185,260Liabilities 2021: $747,364Net Assets 2021: $1,437,8962021Assets 2022: $2,265,556Liabilities 2022: $708,452Net Assets 2022: $1,557,1042022Assets 2023: $2,439,339Liabilities 2023: $683,355Net Assets 2023: $1,755,9842023Assets 2024: $2,801,247Liabilities 2024: $668,445Net Assets 2024: $2,132,8022024

Highlighted filing

2024

Assets$2,801,247
Liabilities$668,445
Net Assets$2,132,802
Open 2024 Filing

Operations Trend

Revenue Growth84th percentile

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

$800K$600K$400K$200K$0Revenue 2020: $254,374Expenses 2020: $204,906Net Income 2020: $49,4682020Revenue 2021: $467,018Expenses 2021: $271,985Net Income 2021: $195,0332021Revenue 2022: $467,224Expenses 2022: $348,097Net Income 2022: $119,1272022Revenue 2023: $499,373Expenses 2023: $312,474Net Income 2023: $186,8992023Revenue 2024: $648,901Expenses 2024: $269,083Net Income 2024: $379,8182024

Highlighted filing

2024

Revenue$648,901
Expenses$269,083
Net Income$379,818
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,801,247
Liabilities
$668,445
Net assets
$2,132,802
Revenue
$648,901
Expenses
$269,083
Net income
$379,818
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.80$0.67$2.13$0.65$0.27$0.38
2023Detailed filing. Detailed filing data is available for this year.$2.44$0.68$1.76$0.50$0.31$0.19
2022Detailed filing. Detailed filing data is available for this year.$2.27$0.71$1.56$0.47$0.35$0.12
2021Detailed filing. Detailed filing data is available for this year.$2.19$0.75$1.44$0.47$0.27$0.20
2020Detailed filing. Detailed filing data is available for this year.$2.04$0.79$1.26$0.25$0.20$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 14, 2025
Return Version
2024v5.0
Gross Receipts
$648,901
Mission and Program Overview

Mission

Rural Water Association formed to provide potable water for an area of 17 1/2 square miles serving approximately 525 members.

Rural Water Association formed to provide potable water for an area of 17 1/2 square miles serving approximately 510 members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,701,127$2,064,863▲ $363,736
Land, Buildings, and Equipment, Net$1,861,261$1,794,084▼ $67,177
Savings and Temporary Cash Investments$554,043$980,255▲ $426,212
Pd in Cap Srpls Land Bldg Eqp Fund$54,857$67,939▲ $13,082
Accounts Receivable$24,035$26,908▲ $2,873
Cash and Non-Interest-Bearing Accounts$0--
Total Assets$2,439,339$2,801,247▲ $361,908
Liabilities
Other Liabilities$683,355$668,445▼ $14,910
Total Liabilities$683,355$668,445▼ $14,910
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,755,984$2,132,802▲ $376,818
Total Liabilities and Net Assets / Fund Balance$2,439,339$2,801,247▲ $361,908

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,771,584$1,443,745-
Land$22,500--
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
Libby LytlePresident
John JarrettVice-president
Scott IversonDirector
Amanda SmithSecretary
Gloria SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,987
Program Service Revenue
$633,644
Investment Income
$10,270
Other Revenue
$0
Change in Net Assets
$379,818
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$269,083
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$0$88,627$0$88,627
Depreciation Depletion$82,348$0$0$82,348
Interest$18,522$0$0$18,522
Insurance$7,011$0$0$7,011
Office Expenses$4,117$0$0$4,117
Other Expenses$2,624$0$0$2,624
Total Functional Expenses$180,456$88,627$0$269,083
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
Usda Notes Payable$665,445
Customer Deposit$3,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
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
Yes
Filing and Contact Details

Filer

Filer Name
Hopewell Water Association Inc
EIN
64-0582513
Phone
6622348940
Address
P O BOX 366, OXFORD, MS 38655

Signing Officer

Name
Libby Lytle
Title
President
Phone
6622348940
Signed
2025-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Libby Lytle
Formed
1973
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
William Rhodes
Address
PO BOX 823, OXFORD, MS 38655
Preparer
William R Rhodes
Phone
6629155449
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

“The directors hired a qualified water management firm to oversee the repairs and testing of the water distributed to the members. The directors contracted with a billing firm to handle the billing and collection of water fees on behalf of the association. The directors contracted with an individual to read the water meters monthly and to do connects, disconnects, and re-connects to the system.”

Pt VI, Line 6

“The association has a member fee which allows water service to be offered to a member. Each member has an vote to vote in election for the Board of Directors”

Pt VI, Line 7A

“Each member is entitled to vote for the election of Directors to the Governing Board at annual meeting of the membership. Voting may be by proxy or by attendance.”

Pt VI, Line 11B

“The 990 is distributed to the Board of Directors at the next meeting of the directors (usually the annual meeting) after it is prepared. The secretary records any comments of the tax return and they are given to the preparer for any changes that may be necessary.”

Raw XML Appendix328 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The directors hired a qualified water management firm to oversee the repairs and testing of the water distributed to the members. The directors contracted with a billing firm to handle the billing and collection of water fees on behalf of the association. The directors contracted with an individual to read the water meters monthly and to do connects, disconnects, and re-connects to the system.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The association has a member fee which allows water service to be offered to a member. Each member has an vote to vote in election for the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each member is entitled to vote for the election of Directors to the Governing Board at annual meeting of the membership. Voting may be by proxy or by attendance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 990 is distributed to the Board of Directors at the next meeting of the directors (usually the annual meeting) after it is prepared. The secretary records any comments of the tax return and they are given to the preparer for any changes that may be necessary.
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02439339
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02801247
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0849 HWY 30
IRS990/USAddress/CityNm0OXFORD
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038655
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LIBBY LYTLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06622348940
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPEWELL WATER ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0640582513
ReturnHeader/Filer/PhoneNum06622348940
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 366
ReturnHeader/Filer/USAddress/CityNm0OXFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038655
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640704966
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLIAM RHODES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 823
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OXFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038655
ReturnHeader/PreparerPersonGrp/PhoneNum06629155449
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM R RHODES
ReturnHeader/ReturnTs02025-02-15T11:56:50-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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