Civic Intelligence

Spiro East Water Association Inc

EIN 73-0783675 • 501(c)12 • Spiro, OK

Profile

The association provides high quality supplies of potable water used for drinking and other purposes

19268 Aishworth RoadSpiro, OK 74959

n/A

Siviq Scores

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

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

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

Liabilities / Revenue

17th percentile

0.05x

Higher debt load relative to revenue than 17% of similar nonprofits.

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

Net Margin

57th percentile

10%

Higher net margin than 57% of similar nonprofits.

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

Top Officer Pay

75th percentile

$1,858

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

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

Asset Growth

66th percentile

4.4%

Faster asset growth than 66% of similar nonprofits.

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

Revenue Growth

21st percentile

-3.0%

Faster revenue growth than 21% of similar nonprofits.

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

Assets

Up

$1,767,903

Up $74,257 (+4.4%) from 2023

Liabilities

Up

$32,347

Up $4,094 (+14%) from 2023

Net Assets

Up

$1,735,556

Up $70,163 (+4.2%) from 2023

Revenue

Down

$690,626

Down $21,101 (-3.0%) from 2023

Expenses

Down

$620,463

Down $31,013 (-4.8%) from 2023

Net Income

Up

$70,163

Up $9,912 (+16%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $1,053,006Liabilities 2014: $195,403Net Assets 2014: $857,6032014Assets 2015: $988,846Liabilities 2015: $165,031Net Assets 2015: $823,8152015Assets 2016: $1,253,124Liabilities 2016: $229,458Net Assets 2016: $1,023,6662016Assets 2017: $1,309,611Liabilities 2017: $56,063Net Assets 2017: $1,253,5482017Assets 2018: $1,473,587Liabilities 2018: $16,173Net Assets 2018: $1,457,4142018Assets 2019: $1,469,474Liabilities 2019: $18,307Net Assets 2019: $1,451,1672019Assets 2020: $1,480,178Liabilities 2020: $17,285Net Assets 2020: $1,462,8932020Assets 2021: $1,559,749Liabilities 2021: $17,798Net Assets 2021: $1,541,9512021Assets 2022: $1,628,093Liabilities 2022: $22,951Net Assets 2022: $1,605,1422022Assets 2023: $1,693,646Liabilities 2023: $28,253Net Assets 2023: $1,665,3932023Assets 2024: $1,767,903Liabilities 2024: $32,347Net Assets 2024: $1,735,5562024

Highlighted filing

2024

Assets$1,767,903
Liabilities$32,347
Net Assets$1,735,556

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $489,476Expenses 2014: $552,274Net Income 2014: -$62,7982014Revenue 2015: $569,309Expenses 2015: $603,097Net Income 2015: -$33,7882015Revenue 2016: $753,723Expenses 2016: $553,872Net Income 2016: $199,8512016Revenue 2017: $804,768Expenses 2017: $574,886Net Income 2017: $229,8822017Revenue 2018: $745,743Expenses 2018: $541,877Net Income 2018: $203,8662018Revenue 2019: $618,043Expenses 2019: $624,290Net Income 2019: -$6,2472019Revenue 2020: $657,792Expenses 2020: $646,066Net Income 2020: $11,7262020Revenue 2021: $681,199Expenses 2021: $602,141Net Income 2021: $79,0582021Revenue 2022: $691,047Expenses 2022: $627,856Net Income 2022: $63,1912022Revenue 2023: $711,727Expenses 2023: $651,476Net Income 2023: $60,2512023Revenue 2024: $690,626Expenses 2024: $620,463Net Income 2024: $70,1632024

Highlighted filing

2024

Revenue$690,626
Expenses$620,463
Net Income$70,163

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.2
Gross Receipts
$690,626
Mission and Program Overview

Mission

The association provides high quality supplies of potable water used for drinking and other purposes

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,276,088$1,324,195▲ $48,107
Land, Buildings, and Equipment, Net$863,632$800,537▼ $63,095
Savings and Temporary Cash Investments$305,198$518,548▲ $213,350
Cash and Non-Interest-Bearing Accounts$524,816$448,818▼ $75,998
Cap Stk Tr Prin Current Funds$382,305$404,361▲ $22,056
Pd in Cap Srpls Land Bldg Eqp Fund$7,000$7,000→ $0
Accounts Receivable-$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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,693,646$1,767,903▲ $74,257
Other Assets Total-$0-
Liabilities
Other Liabilities$23,775$28,200▲ $4,425
Accounts Payable and Accrued Expenses$4,478$4,147▼ $331
Total Liabilities$28,253$32,347▲ $4,094
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,665,393$1,735,556▲ $70,163
Total Liabilities and Net Assets / Fund Balance$1,693,646$1,767,903▲ $74,257

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$719,586$1,409,485$2,129,071
Equipment$30,179$191,143$221,322
Buildings$43,772$109,567$153,339
Land$7,000-$7,000
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
David KissingerDirector$729$1,129$1,858
Donald BarnesVice Chairman$402$378$780
Donald BunchDirector$402$378$780
Mark CoxChairman$402$378$780
Ronnie ThompsonDirector$401$378$779
Vallard CampbellDirector$372$350$722
Gary MastersonDirector$370$350$720
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$654,260
Investment Income
$12,866
Other Revenue
$23,500
Change in Net Assets
$70,163

Audited Revenue Reconciliation

Revenue per Audited Statements
$690,626
Total Revenue per Audited Statements
$690,626
Total Revenue per Form 990
$690,626
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$453,651
Salaries, Compensation, and Employee Benefits$166,812
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$134,195--$134,195
Depreciation Depletion$63,096--$63,096
Office Expenses$56,120--$56,120
Insurance$18,850--$18,850
Other Employee Benefits$18,397--$18,397
All Other Expenses$14,817--$14,817
Payroll Taxes$11,142--$11,142
Fees for Services Accounting$11,049--$11,049
Other Expenses$9,617--$9,617
Travel$3,341--$3,341
Current Officers, Directors, Trustees, and Key Employees$3,078--$3,078
Fees for Services Legal$1,260--$1,260
Total Functional Expenses$620,463$0$0$620,463

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$620,463
Total Expenses per Audited Statements$620,463
Total Expenses per Form 990$620,463
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Water Deposits$28,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The association's membership consist of individuals who own a meter or meters for the purpose of receiving potable water.

Form 990, Part VI, Section A, Line 7A

Each member has the power to elect the governing body. Each member gets only one vote regardless of number of meters owned.

Form 990, Part VI, Section A, Line 7B

Any changes to the by-laws require the vote of the members in addition to the governing body.

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

Form 990 is reviewed by the board of directors.

Form 990, Part VI, Section C, Line 19

The audit is reviewed by the board of directors.

Filing and Contact Details

Filer

Filer Name
Spiro East Water Association Inc
EIN
73-0783675
Phone
9189623355
Address
19268 AISHWORTH ROAD, SPIRO, OK 74959

Signing Officer

Name
Mark Cox
Title
Chairman
Phone
9189623355
Signed
2025-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Cox
Formed
1968
Legal Domicile
Ok
Voting Board Members
7
Independent Board Members
7
Employees
5

Preparer

Firm
David F Hedges CPA
Address
101 No Main, Spiro, OK 74959
Preparer
David F Hedges
Phone
9189622401
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED SEWER TO 53 CUSTOMERS. SEWER CHARGES BASED ON GALLONS OF WATER USED.TOTAL GALLONS OF WATER USED 3,149,135.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0227260
IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATIONS WHICH INCLUDE PAYROLL, DEPRECIATION AND OTHER OPERATING EXPENSES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt09617
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt05214
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0459800
IRS990/PYOtherRevenueAmt022019
IRS990/PYProgramServiceRevenueAmt0684494
IRS990/PYRevenuesLessExpensesAmt060251
IRS990/PYSalariesCompEmpBnftPaidAmt0191676
IRS990/PYTotalExpensesAmt0651476
IRS990/PYTotalRevenueAmt0711727
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt070163
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01276088
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01324195
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0305198
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0518548
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt043772
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0109567
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0153339
IRS990ScheduleD/EquipmentGrp/BookValueAmt030179
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0191143
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0221322
IRS990ScheduleD/ExpensesSubtotalAmt0620463
IRS990ScheduleD/LandGrp/BookValueAmt07000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt07000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0719586
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01409485
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02129071
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER WATER DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0690626
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0800537
IRS990ScheduleD/TotalExpensesPerForm990Amt0620463
IRS990ScheduleD/TotalLiabilityAmt028200
IRS990ScheduleD/TotalRevenuePerForm990Amt0690626
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0690626
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0620463
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION'S MEMBERSHIP CONSIST OF INDIVIDUALS WHO OWN A METER OR METERS FOR THE PURPOSE OF RECEIVING POTABLE WATER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER HAS THE POWER TO ELECT THE GOVERNING BODY. EACH MEMBER GETS ONLY ONE VOTE REGARDLESS OF NUMBER OF METERS OWNED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY CHANGES TO THE BY-LAWS REQUIRE THE VOTE OF THE MEMBERS IN ADDITION TO THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE AUDIT IS REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01693646
IRS990/TotalAssetsEOYAmt01767903
IRS990/TotalAssetsGrp/BOYAmt01693646
IRS990/TotalAssetsGrp/EOYAmt01767903
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0620463
IRS990/TotalFunctionalExpensesGrp/TotalAmt0620463
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt028253
IRS990/TotalLiabilitiesEOYAmt032347
IRS990/TotalLiabilitiesGrp/BOYAmt028253
IRS990/TotalLiabilitiesGrp/EOYAmt032347
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01665393
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01735556
IRS990/TotalOtherCompensationAmt03341
IRS990/TotalProgramServiceExpensesAmt0620463
IRS990/TotalProgramServiceRevenueAmt0654260
IRS990/TotalReportableCompFromOrgAmt03078
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0690626
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0690626
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01693646
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01767903
IRS990/TravelGrp/ProgramServicesAmt03341
IRS990/TravelGrp/TotalAmt03341
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt019268 AISHWORTH ROAD
IRS990/USAddress/CityNm0SPIRO
IRS990/USAddress/StateAbbreviationCd0OK
IRS990/USAddress/ZIPCd074959
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK COX
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum09189623355
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPIRO EAST WATER ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SPIR
ReturnHeader/Filer/EIN0730783675
ReturnHeader/Filer/PhoneNum09189623355
ReturnHeader/Filer/USAddress/AddressLine1Txt019268 AISHWORTH ROAD
ReturnHeader/Filer/USAddress/CityNm0SPIRO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd074959
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731353699
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0David F Hedges CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 No Main
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Spiro
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd074959
ReturnHeader/PreparerPersonGrp/PhoneNum09189622401
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David F Hedges
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-04T08:13:39-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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