Civic Intelligence

Spring Valley Water Supply

990 • Fiscal year 2013 • EIN 74-1603363

Jan 01, 2013 to Dec 31, 2013 • Filed on May 02, 2014

Organization ProfileWWW.SPRINGVALLEYWATERSUPPLY.COM
P O Box 39976655-0399

(254) 776-1999

Siviq Scores

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

Liabilities / Assets

36th percentile

0.15x

Higher debt load relative to assets than 36% of similar nonprofits.

2013 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

32nd percentile

0.36x

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

2013 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2013

Net Margin

93rd percentile

30%

Higher net margin than 93% of similar nonprofits.

2013 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

2013 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2013

Asset Growth

96th percentile

35%

Faster asset growth than 96% of similar nonprofits.

2013 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$1,585,969

Up $410,180 (+35%) from 2012

Net Assets

Up

$1,344,521

Up $208,060 (+18%) from 2012

Liabilities

Up

$241,448

Up $202,120 (+514%) from 2012

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin93rd percentile

Revenue

$663,002

No earlier filing loaded for comparison.

Expenses

Up

$464,377

Up $1,257 (+0.3%) from 2012

Net Income

$198,625

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $813,874Liabilities 2010: $41,609Net Assets 2010: $772,2652010Assets 2011: $1,088,055Liabilities 2011: $126,162Net Assets 2011: $961,8932011Assets 2012: $1,175,789Liabilities 2012: $39,328Net Assets 2012: $1,136,4612012Assets 2013: $1,585,969Liabilities 2013: $241,448Net Assets 2013: $1,344,5212013Assets 2014: $1,725,198Liabilities 2014: $287,076Net Assets 2014: $1,438,1222014Assets 2015: $1,790,653Liabilities 2015: $201,244Net Assets 2015: $1,589,4092015Assets 2016: $2,085,801Liabilities 2016: $363,243Net Assets 2016: $1,722,5582016Assets 2017: $2,188,123Liabilities 2017: $206,731Net Assets 2017: $1,981,3922017Assets 2018: $2,502,540Liabilities 2018: $174,735Net Assets 2018: $2,327,8052018Assets 2019: $2,620,590Liabilities 2019: $218,000Net Assets 2019: $2,402,5902019Assets 2020: $2,841,946Liabilities 2020: $221,388Net Assets 2020: $2,620,5582020Assets 2021: $4,634,507Liabilities 2021: $1,710,889Net Assets 2021: $2,923,6182021Assets 2022: $5,488,603Liabilities 2022: $2,362,754Net Assets 2022: $3,125,8492022Assets 2023: $5,167,061Liabilities 2023: $1,501,017Net Assets 2023: $3,666,0442023Assets 2024: $5,972,323Liabilities 2024: $2,146,616Net Assets 2024: $3,825,7072024

Highlighted filing

2013

Assets$1,585,969
Liabilities$241,448
Net Assets$1,344,521
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0Expenses 2010: $472,8422010Expenses 2011: $493,3842011Expenses 2012: $463,1202012Revenue 2013: $663,002Expenses 2013: $464,377Net Income 2013: $198,6252013Revenue 2014: $621,037Expenses 2014: $527,436Net Income 2014: $93,6012014Revenue 2015: $659,925Expenses 2015: $508,638Net Income 2015: $151,2872015Revenue 2016: $663,890Expenses 2016: $530,741Net Income 2016: $133,1492016Revenue 2017: $895,467Expenses 2017: $636,633Net Income 2017: $258,8342017Revenue 2018: $964,427Expenses 2018: $618,014Net Income 2018: $346,4132018Revenue 2019: $844,591Expenses 2019: $683,648Net Income 2019: $160,9432019Revenue 2020: $877,221Expenses 2020: $659,253Net Income 2020: $217,9682020Revenue 2021: $1,013,086Expenses 2021: $707,226Net Income 2021: $305,8602021Revenue 2022: $1,040,955Expenses 2022: $836,824Net Income 2022: $204,1312022Revenue 2023: $1,332,788Expenses 2023: $791,893Net Income 2023: $540,8952023Revenue 2024: $1,134,236Expenses 2024: $974,273Net Income 2024: $159,9632024

Highlighted filing

2013

Revenue$663,002
Expenses$464,377
Net Income$198,625
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 2, 2014
Return Version
2013v3.0
Gross Receipts
$663,002
Mission and Program Overview

Mission

Provision of water service to rural customers near lorena, tx

Provision of water service to rural customers

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$744,708$934,531▲ $189,823
Savings and Temporary Cash Investments$231,212$603,559▲ $372,347
Cash and Non-Interest-Bearing Accounts$139,855$0▼ $139,855
Accounts Receivable$54,038$47,879▼ $6,159
Prepaid Expenses and Deferred Charges$5,976$0▼ $5,976
Total Assets$1,175,789$1,585,969▲ $410,180
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$211,585▲ $211,585
Accounts Payable and Accrued Expenses$10,426$29,863▲ $19,437
Other Liabilities$28,902$0▼ $28,902
Total Liabilities$39,328$241,448▲ $202,120
Net Assets / Fund Balance
Unrestricted Net Assets$1,136,461$1,339,916▲ $203,455
Temporarily Rstr Net Assets-$4,605-
Total Net Assets Fund Balance$1,136,461$1,344,521▲ $208,060
Total Liabilities and Net Assets / Fund Balance$1,175,789$1,585,969▲ $410,180

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$928,981$971,870$1,900,851
Land$5,550-$5,550
Compensation and Service Providers
Top Officer Pay57th percentile

Board Members and Trustees

NameTitle
Larry HobbsPresident
Steve BradleyVice President
Aaron McmullianDirector
Darrell BledsoeDirector
Eddie MooreDirector
Lanny LewisDirector
J D KingSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,693
Program Service Revenue
$659,789
Investment Income
$520
Other Revenue
$0
All Other Contributions
$2,693
Change in Net Assets
$198,625

Audited Revenue Reconciliation

Revenue per Audited Statements
$661,178
Revenue Not Reported on Financial Statements
$1,824
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$1,824
Total Revenue per Audited Statements
$661,178
Total Revenue per Form 990
$663,002
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$462,549
Grants and Similar Amounts Paid$1,828
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$88,044
Depreciation Depletion---$45,949
Occupancy---$30,704
Fees for Services Other---$17,581
Interest---$12,942
Office Expenses---$12,442
Other Expenses---$7,776
Insurance---$5,976
All Other Expenses---$2,793
Fees for Services Accounting---$2,750
Grants to Domestic Individuals---$1,828
Fees for Services Legal---$1,250
Total Functional Expenses$0$0$0$464,377

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$464,377
Total Expenses per Audited Statements$464,377
Total Expenses per Form 990$464,377
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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

Form 990, Part VI, Section A, Line 6

“Every person (which includes any legal entity) owning or having a legal right to the control, possession or occupancy of property served or which may reasonabley be served by the corporation, shall have the right to be come a member of the corporation upon payment of the membership fee (currently $100) and upon compliance with the corporation's conditions of water service as provided for in its published charges, rates and conditions of service. Membership shall not be denied because of the applicant's race, color, creed, citizenship or national orgin. A person may own more than one membership but each member shall be entitled to only one vote regardless of the number of memberships owned.”

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

“The directors are elected by the members at the members' regular annual meeting on the second tuesday of each february. Voting by proxy is permitted.”

Form 990, Part VI, Section B, Line 11

“The form 990 is made available to the organization's governing body before it is filed. It is approved by motion of the board and the treasurer”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. All documents can be viewed at the offices of aqua texas, 7025 sanger ave, waco, tx 76710.”

Filing and Contact Details

Filer

EIN
74-1603363
Phone
2547761999

Signing Officer

Name
Larry Hobbs
Title
President
Phone
2547761999
Signed
2014-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Hobbs
Formed
1964
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Preparer
Sharon M Herwald CPA
Phone
2547724901
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income tax under section 501(c)(12) of the internal revenue code. As such, the organization is not taxed on income derived from its exempt functions. However, the corporation is subject to tax on unrelated business income, which is generated from activities not related to the stated exempt purpose. The corporation believes it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The corporation's tax returns are generally subject to examination by the irs for three years after they were filed.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Increase in memberships recorded as changes in net assets in audit 1,824.”

Raw XML Appendix342 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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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01824
IRS990ScheduleD/RevenueSubtotalAmt0661178
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. AS SUCH, THE ORGANIZATION IS NOT TAXED ON INCOME DERIVED FROM ITS EXEMPT FUNCTIONS. HOWEVER, THE CORPORATION IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, WHICH IS GENERATED FROM ACTIVITIES NOT RELATED TO THE STATED EXEMPT PURPOSE. THE CORPORATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE CORPORATION'S TAX RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY THE IRS FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCREASE IN MEMBERSHIPS RECORDED AS CHANGES IN NET ASSETS IN AUDIT 1,824.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0934531
IRS990ScheduleD/TotalExpensesPerForm990Amt0464377
IRS990ScheduleD/TotalRevenuePerForm990Amt0663002
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0661178
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0464377
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EVERY PERSON (WHICH INCLUDES ANY LEGAL ENTITY) OWNING OR HAVING A LEGAL RIGHT TO THE CONTROL, POSSESSION OR OCCUPANCY OF PROPERTY SERVED OR WHICH MAY REASONABLEY BE SERVED BY THE CORPORATION, SHALL HAVE THE RIGHT TO BE COME A MEMBER OF THE CORPORATION UPON PAYMENT OF THE MEMBERSHIP FEE (CURRENTLY $100) AND UPON COMPLIANCE WITH THE CORPORATION'S CONDITIONS OF WATER SERVICE AS PROVIDED FOR IN ITS PUBLISHED CHARGES, RATES AND CONDITIONS OF SERVICE. MEMBERSHIP SHALL NOT BE DENIED BECAUSE OF THE APPLICANT'S RACE, COLOR, CREED, CITIZENSHIP OR NATIONAL ORGIN. A PERSON MAY OWN MORE THAN ONE MEMBERSHIP BUT EACH MEMBER SHALL BE ENTITLED TO ONLY ONE VOTE REGARDLESS OF THE NUMBER OF MEMBERSHIPS OWNED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS ARE ELECTED BY THE MEMBERS AT THE MEMBERS' REGULAR ANNUAL MEETING ON THE SECOND TUESDAY OF EACH FEBRUARY. VOTING BY PROXY IS PERMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS MADE AVAILABLE TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. IT IS APPROVED BY MOTION OF THE BOARD AND THE TREASURER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALL DOCUMENTS CAN BE VIEWED AT THE OFFICES OF AQUA TEXAS, 7025 SANGER AVE, WACO, TX 76710.
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 B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04605
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01175789
IRS990/TotalAssetsEOYAmt01585969
IRS990/TotalAssetsGrp/BOYAmt01175789
IRS990/TotalAssetsGrp/EOYAmt01585969
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02693
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0464377
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt039328
IRS990/TotalLiabilitiesEOYAmt0241448
IRS990/TotalLiabilitiesGrp/BOYAmt039328
IRS990/TotalLiabilitiesGrp/EOYAmt0241448
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01136461
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01344521
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0659789
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0520
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0659789
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0663002
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01175789
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01585969
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01136461
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01339916
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10P O BOX 399
IRS990/USAddress/City0LORENA
IRS990/USAddress/State0TX
IRS990/USAddress/ZIPCode0766550399
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.SPRINGVALLEYWATERSUPPLY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY HOBBS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02547761999
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine10SPRING VALLEY WATER SUPPLY
ReturnHeader/Filer/BusinessNameControlTxt0SPRI
ReturnHeader/Filer/EIN0741603363
ReturnHeader/Filer/PhoneNum02547761999
ReturnHeader/Filer/USAddress/AddressLine10P O BOX 399
ReturnHeader/Filer/USAddress/City0LORENA
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode0766550399
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0741130599
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10PATTILLO BROWN & HILL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10P O BOX 20725
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0WACO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0767020725
ReturnHeader/PreparerPersonGrp/PhoneNum02547724901
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARON M HERWALD CPA
ReturnHeader/ReturnTs02014-05-08T09:02:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,585,969
Liabilities
$241,448
Net assets
$1,344,521
Revenue
$663,002
Expenses
$464,377
Net income
$198,625
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.97$2.15$3.83$1.13$0.97$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.17$1.50$3.67$1.33$0.79$0.54
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.49$2.36$3.13$1.04$0.84$0.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.63$1.71$2.92$1.01$0.71$0.31
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.84$0.22$2.62$0.88$0.66$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.62$0.22$2.40$0.84$0.68$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.50$0.17$2.33$0.96$0.62$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$0.21$1.98$0.90$0.64$0.26
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.09$0.36$1.72$0.66$0.53$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.79$0.20$1.59$0.66$0.51$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.73$0.29$1.44$0.62$0.53$0.09
2013Detailed filing. Detailed filing data is available for this year.$1.59$0.24$1.34$0.66$0.46$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.04$1.14$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.13$0.96$0.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.04$0.77$0.47