Civic Intelligence

Spring Valley Water Supply

990 • Fiscal year 2015 • EIN 74-1603363

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 03, 2016

Organization ProfileWWW.SPRINGVALLEYWATERSUPPLY.COM
P O Box 399Lorena, TX 76655-0399

(254) 776-1999

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.11x

Higher debt load relative to assets than 33% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

28th percentile

0.30x

Higher debt load relative to revenue than 28% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Net Margin

85th percentile

23%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

62nd percentile

$0

Higher top officer pay than 62% of similar nonprofits.

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

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Asset Growth

74th percentile

3.8%

Faster asset growth than 74% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

68th percentile

6.3%

Faster revenue growth than 68% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$1,790,653

Up $65,455 (+3.8%) from 2014

Net Assets

Up

$1,589,409

Up $151,287 (+11%) from 2014

Liabilities

Down

$201,244

Down $85,832 (-30%) from 2014

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin85th percentile

Revenue

Up

$659,925

Up $38,888 (+6.3%) from 2014

Expenses

Down

$508,638

Down $18,798 (-3.6%) from 2014

Net Income

Up

$151,287

Up $57,686 (+62%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth74th 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

2015

Assets$1,790,653
Liabilities$201,244
Net Assets$1,589,409
Open 2015 Filing

Operations Trend

Revenue Growth68th percentile

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

2015

Revenue$659,925
Expenses$508,638
Net Income$151,287
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 3, 2016
Return Version
2015v2.1
Gross Receipts
$659,925
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$942,758$1,138,950▲ $196,192
Savings and Temporary Cash Investments$730,941$590,121▼ $140,820
Accounts Receivable$46,908$55,756▲ $8,848
Prepaid Expenses and Deferred Charges$4,591$5,826▲ $1,235
Total Assets$1,725,198$1,790,653▲ $65,455
Liabilities
Mortgage Notes Payable Secured by Investment Property$192,714$172,879▼ $19,835
Accounts Payable and Accrued Expenses$90,327$26,033▼ $64,294
Deferred Revenue$4,035$2,332▼ $1,703
Total Liabilities$287,076$201,244▼ $85,832
Net Assets / Fund Balance
Unrestricted Net Assets$1,434,086$1,586,859▲ $152,773
Temporarily Rstr Net Assets$4,036$2,550▼ $1,486
Total Net Assets Fund Balance$1,438,122$1,589,409▲ $151,287
Total Liabilities and Net Assets / Fund Balance$1,725,198$1,790,653▲ $65,455

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,138,450$1,078,274$2,216,724
Land$500-$500
Compensation and Service Providers
Top Officer Pay62nd percentile

Board Members and Trustees

NameTitle
Larry HobbsPresident
Kyle GrigsbyVice President
Bert HernandezDirector
Chad PeeblesDirector
Corey PittsDirector
Darrell BledsoeDirector
Kelli VillarrialDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Barlow Tank CompanyWater System Maintenance And Repairs402 LOST GOLD RD, China Spring, TX 76633$214,485
Aqua Texas INCMaintenance And Management7025 SANGER AVE, Waco, TX 76710$105,244
Revenue and Support

Revenue Composition

Contributions and Grants
$1,514
Program Service Revenue
$656,888
Investment Income
$1,523
Other Revenue
$0
All Other Contributions
$1,514
Change in Net Assets
$151,287

Audited Revenue Reconciliation

Revenue per Audited Statements
$659,925
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$659,925
Total Revenue per Form 990
$659,925
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$505,638
Grants and Similar Amounts Paid$3,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$106,611
Depreciation Depletion---$49,341
Occupancy---$26,116
Fees for Services Legal---$14,792
Other Expenses---$10,785
All Other Expenses---$9,304
Interest---$9,184
Fees for Services Other---$6,000
Office Expenses---$4,623
Insurance---$4,591
Conferences and Meetings---$3,047
Fees for Services Accounting---$3,000
Grants to Domestic Individuals---$3,000
Total Functional Expenses$0$0$0$508,638

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$508,638
Total Expenses per Audited Statements$508,638
Total Expenses per Form 990$508,638
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
Annual disclosure for covered persons
Yes
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
Yes
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 B, Line 12C

“Through the review of all bill paid by the board, the policy is monitored.”

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

Filer Name
Spring Valley Water Supply
EIN
74-1603363
Phone
2547761999
Address
P O BOX 399, LORENA, TX 76655-0399

Signing Officer

Name
Larry Hobbs
Title
President
Phone
2547761999
Signed
2016-11-03
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
7

Preparer

Firm
Pattillo Brown & Hill Llp
Address
P O BOX 20725, WACO, TX 76702-0725
Preparer
Sharon M Herwald CPA
Phone
2547724901
Raw XML Appendix356 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0730941
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0590121
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01138450
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01078274
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02216724
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0508638
IRS990ScheduleD/LandGrp/BookValueAmt0500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0500
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0659925
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01138950
IRS990ScheduleD/TotalExpensesPerForm990Amt0508638
IRS990ScheduleD/TotalRevenuePerForm990Amt0659925
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0659925
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0508638
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/ExplanationTxt3THROUGH THE REVIEW OF ALL BILL PAID BY THE BOARD, THE POLICY IS MONITORED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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 B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04036
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02550
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01725198
IRS990/TotalAssetsEOYAmt01790653
IRS990/TotalAssetsGrp/BOYAmt01725198
IRS990/TotalAssetsGrp/EOYAmt01790653
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01514
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0508638
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0287076
IRS990/TotalLiabilitiesEOYAmt0201244
IRS990/TotalLiabilitiesGrp/BOYAmt0287076
IRS990/TotalLiabilitiesGrp/EOYAmt0201244
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01438122
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01589409
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0508638
IRS990/TotalProgramServiceRevenueAmt0656888
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01523
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0656888
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0659925
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01725198
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01790653
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01434086
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01586859
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 399
IRS990/USAddress/CityNm0LORENA
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd0766550399
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.SPRINGVALLEYWATERSUPPLY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY HOBBS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02547761999
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPRING VALLEY WATER SUPPLY
ReturnHeader/Filer/BusinessNameControlTxt0SPRI
ReturnHeader/Filer/EIN0741603363
ReturnHeader/Filer/PhoneNum02547761999
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 399
ReturnHeader/Filer/USAddress/CityNm0LORENA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0766550399
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0741130599
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATTILLO BROWN & HILL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 20725
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WACO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0767020725
ReturnHeader/PreparerPersonGrp/PhoneNum02547724901
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARON M HERWALD CPA
ReturnHeader/ReturnTs02016-11-09T17:13:49-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,790,653
Liabilities
$201,244
Net assets
$1,589,409
Revenue
$659,925
Expenses
$508,638
Net income
$151,287
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