Civic Intelligence

Thorn Water Association Inc

990 • Fiscal year 2014 • EIN 64-0623713

Jul 01, 2013 to Jun 30, 2014 • Filed on Jul 08, 2014

Organization Profile
901 Cr 42438851

(662) 456-3334

Siviq Scores

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

Liabilities / Assets

24th percentile

0.05x

Higher debt load relative to assets than 24% of similar nonprofits.

2014 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

32nd percentile

0.40x

Higher debt load relative to revenue than 32% of similar nonprofits.

2014 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2014

Net Margin

91st percentile

30%

Higher net margin than 91% of similar nonprofits.

2014 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

59th percentile

$75

Higher top officer pay than 59% of similar nonprofits.

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

2014 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2014

Asset Growth

76th percentile

3.9%

Faster asset growth than 76% of similar nonprofits.

2014 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$1,119,362

Up $41,920 (+3.9%) from 2013

Net Assets

Up

$1,058,869

Up $46,277 (+4.6%) from 2013

Liabilities

Down

$60,493

Down $4,357 (-6.7%) from 2013

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin91st percentile

Revenue

$151,986

No earlier filing loaded for comparison.

Expenses

Up

$106,139

Up $2,944 (+2.9%) from 2013

Net Income

$45,847

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,032,927Liabilities 2012: $70,254Net Assets 2012: $962,6732012Assets 2013: $1,077,442Liabilities 2013: $64,850Net Assets 2013: $1,012,5922013Assets 2014: $1,119,362Liabilities 2014: $60,493Net Assets 2014: $1,058,8692014Assets 2015: $1,113,773Liabilities 2015: $55,500Net Assets 2015: $1,058,2732015Assets 2016: $1,144,329Liabilities 2016: $52,681Net Assets 2016: $1,091,6482016Assets 2017: $1,193,244Liabilities 2017: $46,606Net Assets 2017: $1,146,6382017Assets 2018: $1,242,915Liabilities 2018: $41,992Net Assets 2018: $1,200,9232018Assets 2019: $1,299,739Liabilities 2019: $37,300Net Assets 2019: $1,262,4392019Assets 2020: $1,238,873Liabilities 2020: $32,696Net Assets 2020: $1,206,1772020Assets 2021: $1,298,402Liabilities 2021: $28,024Net Assets 2021: $1,270,3782021Assets 2022: $1,323,994Liabilities 2022: $28,793Net Assets 2022: $1,295,2012022Assets 2023: $1,435,571Liabilities 2023: $29,216Net Assets 2023: $1,406,3552023Assets 2024: $1,544,495Liabilities 2024: $29,968Net Assets 2024: $1,514,5272024Assets 2025: $1,767,242Liabilities 2025: $30,527Net Assets 2025: $1,736,7152025

Highlighted filing

2014

Assets$1,119,362
Liabilities$60,493
Net Assets$1,058,869
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200KExpenses 2012: $106,9732012Expenses 2013: $103,1952013Revenue 2014: $151,986Expenses 2014: $106,139Net Income 2014: $45,8472014Revenue 2015: $151,590Expenses 2015: $152,667Net Income 2015: -$1,0772015Revenue 2016: $152,110Expenses 2016: $119,184Net Income 2016: $32,9262016Revenue 2017: $166,397Expenses 2017: $113,957Net Income 2017: $52,4402017Revenue 2018: $158,874Expenses 2018: $105,008Net Income 2018: $53,8662018Revenue 2019: $163,240Expenses 2019: $102,084Net Income 2019: $61,1562019Revenue 2020: $182,108Expenses 2020: $238,721Net Income 2020: -$56,6132020Revenue 2021: $182,081Expenses 2021: $118,269Net Income 2021: $63,8122021Revenue 2022: $193,284Expenses 2022: $168,691Net Income 2022: $24,5932022Revenue 2023: $237,439Expenses 2023: $126,624Net Income 2023: $110,8152023Revenue 2024: $304,550Expenses 2024: $196,689Net Income 2024: $107,8612024Revenue 2025: $379,388Expenses 2025: $157,470Net Income 2025: $221,9182025

Highlighted filing

2014

Revenue$151,986
Expenses$106,139
Net Income$45,847
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jul 8, 2014
Return Version
2013v3.1
Gross Receipts
$151,986
Mission and Program Overview

Mission

Provide water to rural homeowners farms and businesses

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$997,341$1,043,188▲ $45,847
Land, Buildings, and Equipment, Net$782,511$743,817▼ $38,694
Cash and Non-Interest-Bearing Accounts$282,084$363,773▲ $81,689
Cap Stk Tr Prin Current Funds$15,251$15,681▲ $430
Accounts Receivable$11,769$10,559▼ $1,210
Prepaid Expenses and Deferred Charges$1,028$1,163▲ $135
Total Assets$1,077,442$1,119,362▲ $41,920
Other Assets Total$50$50→ $0
Liabilities
Deferred Revenue$40,657$35,575▼ $5,082
Other Liabilities$22,272$22,456▲ $184
Accounts Payable and Accrued Expenses$1,921$2,462▲ $541
Total Liabilities$64,850$60,493▼ $4,357
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,012,592$1,058,869▲ $46,277
Total Liabilities and Net Assets / Fund Balance$1,077,442$1,119,362▲ $41,920

Asset Categories

AssetBook ValueDepreciationBasis
Land$7,879--
Equipment$735,938$817,836-
Other Assets Org$50--
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleBaseTotal
Steve PettitPresident$75$75
Joey FergusonDirector$75$75
Mike LangleyVice Pres$75$75
Eddie WiggsDirector$50$50

Board Members and Trustees

NameTitle
Tracey HillhouseSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$144,686
Investment Income
$2,218
Other Revenue
$5,082
Change in Net Assets
$45,847
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,864
Salaries, Compensation, and Employee Benefits$275
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$38,694--$38,694
Fees for Services Management$21,804--$21,804
Occupancy$19,282--$19,282
Office Expenses$5,130--$5,130
Insurance$2,671--$2,671
Conferences and Meetings$1,730--$1,730
Fees for Services Legal$1,500--$1,500
Fees for Services Accounting$820--$820
Other Expenses$460--$460
Current Officers, Directors, Trustees, and Key Employees$275--$275
Total Functional Expenses$106,139$0$0$106,139
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Meter Deposits$22,456
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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

Members or stockholder classes and rights Part VI line 6

“Members pay a membership fee when they make their first meter deposit each member has one vote in membership meetings and elect the board of directors at the annual meeting. The association is organized as a non profit corporation.”

Member election for additional members Part VI line 7A

“Each customer wishing to have a membership must pay a membership fee when the first meter deposit is paid. Only members can obtain water service”

Form 990 governing body review Part VI line 11

“The board reviewed form 990 at its annual meeting.”

Governing documents etc available to public Part VI line 19

“All documents are available to the public at it office”

Filing and Contact Details

Filer

EIN
64-0623713

Signing Officer

Name
Steve Pettit
Title
President
Phone
6624563334
Signed
2014-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Pettit
Formed
1981
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Preparer
W Keith Pounds CPA
Phone
6624563334
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Membership fees collected 430”

Raw XML Appendix331 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/ExplanationTxt0MEMBERS PAY A MEMBERSHIP FEE WHEN THEY MAKE THEIR FIRST METER DEPOSIT EACH MEMBER HAS ONE VOTE IN MEMBERSHIP MEETINGS AND ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. THE ASSOCIATION IS ORGANIZED AS A NON PROFIT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH CUSTOMER WISHING TO HAVE A MEMBERSHIP MUST PAY A MEMBERSHIP FEE WHEN THE FIRST METER DEPOSIT IS PAID. ONLY MEMBERS CAN OBTAIN WATER SERVICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWED FORM 990 AT ITS ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC AT IT OFFICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERSHIP FEES COLLECTED 430
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/TotalLiabilitiesGrp/EOYAmt060493
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01012592
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01058869
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0106139
IRS990/TotalProgramServiceRevenueAmt0144686
IRS990/TotalReportableCompFromOrgAmt0275
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0151986
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0151986
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01077442
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01119362
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10485 CR 55
IRS990/USAddress/City0HOUSTON
IRS990/USAddress/State0MS
IRS990/USAddress/ZIPCode038851
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE PETTIT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06624563334
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-07-08
ReturnHeader/Filer/BusinessName/BusinessNameLine10THORN WATER ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0THOR
ReturnHeader/Filer/EIN0640623713
ReturnHeader/Filer/USAddress/AddressLine10901 CR 424
ReturnHeader/Filer/USAddress/City0HOUSTON
ReturnHeader/Filer/USAddress/State0MS
ReturnHeader/Filer/USAddress/ZIPCode038851
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640754872
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10W KEITH POUNDS LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10444 EAST MADISON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Houston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode038851
ReturnHeader/PreparerPersonGrp/PhoneNum06624563334
ReturnHeader/PreparerPersonGrp/PreparationDt02014-07-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0W KEITH POUNDS CPA
ReturnHeader/ReturnTs02014-07-08T14:27:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,119,362
Liabilities
$60,493
Net assets
$1,058,869
Revenue
$151,986
Expenses
$106,139
Net income
$45,847
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.03$1.74$0.38$0.16$0.22
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.03$1.51$0.30$0.20$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.03$1.41$0.24$0.13$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.03$1.30$0.19$0.17$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.03$1.27$0.18$0.12$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.03$1.21$0.18$0.24$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.04$1.26$0.16$0.10$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.04$1.20$0.16$0.11$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.05$1.15$0.17$0.11$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.05$1.09$0.15$0.12$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.06$1.06$0.15$0.15$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.12$0.06$1.06$0.15$0.11$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.06$1.01$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.07$0.96$0.11