Civic Intelligence

Minerva Water Supply Corporation

EIN 74-1656951 • 501(c)12 • Rockdale, TX

Profile

Provide treated surface water to about 100 rural members

466 Cedar Grove RoadRockdale, TX 76567-4227

n/A

Siviq Scores

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

Liabilities / Assets

86th percentile

0.50x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

1.91x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2024

Net Margin

30th percentile

-9.7%

Higher net margin than 30% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

501(c)12 • <$500k nonprofits • Source year 2024

Asset Growth

40th percentile

-3.5%

Faster asset growth than 40% of similar nonprofits.

501(c)12 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

11%

Faster revenue growth than 69% of similar nonprofits.

501(c)12 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$362,724

Down $13,297 (-3.5%) from 2023

Liabilities

Down

$181,813

Down $4,787 (-2.6%) from 2023

Net Assets

Down

$180,911

Down $8,510 (-4.5%) from 2023

Operations
Liabilities / Revenue93rd percentileNet Margin30th percentile

Revenue

Up

$95,190

Up $9,218 (+11%) from 2023

Expenses

Up

$104,462

Up $23,409 (+29%) from 2023

Net Income

Down

-$9,272

Down $14,191 (-288%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth40th percentile

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

$600K$400K$200K$0Assets 2011: $410,238Liabilities 2011: $244,1982011Assets 2012: $420,311Liabilities 2012: $239,6652012Assets 2013: $416,391Liabilities 2013: $234,9212013Assets 2014: $399,447Liabilities 2014: $229,9572014Assets 2015: $378,413Liabilities 2015: $224,7672015Assets 2016: $370,592Liabilities 2016: $219,627Net Assets 2016: $150,9652016Assets 2017: $363,923Liabilities 2017: $213,950Net Assets 2017: $149,9732017Assets 2018: $366,981Liabilities 2018: $208,001Net Assets 2018: $158,9802018Assets 2019: $366,600Liabilities 2019: $204,164Net Assets 2019: $162,4362019Assets 2020: $370,548Liabilities 2020: $200,111Net Assets 2020: $170,4372020Assets 2021: $381,887Liabilities 2021: $195,585Net Assets 2021: $186,3022021Assets 2022: $375,689Liabilities 2022: $191,187Net Assets 2022: $184,5022022Assets 2023: $376,021Liabilities 2023: $186,600Net Assets 2023: $189,4212023Assets 2024: $362,724Liabilities 2024: $181,813Net Assets 2024: $180,9112024

Highlighted filing

2024

Assets$362,724
Liabilities$181,813
Net Assets$180,911
Open 2024 Filing

Operations Trend

Revenue Growth69th percentile

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

$150K$100K$50K$0-$50KRevenue 2011: $66,784Expenses 2011: $62,745Net Income 2011: $4,0392011Revenue 2012: $49,521Expenses 2012: $71,158Net Income 2012: -$21,6372012Revenue 2013: $54,593Expenses 2013: $53,895Net Income 2013: $6982013Revenue 2014: $65,634Expenses 2014: $77,720Net Income 2014: -$12,0862014Revenue 2015: $91,669Expenses 2015: $107,609Net Income 2015: -$15,9402015Revenue 2016: $71,757Expenses 2016: $74,438Net Income 2016: -$2,6812016Revenue 2017: $64,620Expenses 2017: $65,612Net Income 2017: -$9922017Revenue 2018: $63,597Expenses 2018: $54,590Net Income 2018: $9,0072018Revenue 2019: $61,817Expenses 2019: $58,361Net Income 2019: $3,4562019Revenue 2020: $67,547Expenses 2020: $59,546Net Income 2020: $8,0012020Revenue 2021: $79,184Expenses 2021: $63,051Net Income 2021: $16,1332021Revenue 2022: $82,153Expenses 2022: $84,321Net Income 2022: -$2,1682022Revenue 2023: $85,972Expenses 2023: $81,053Net Income 2023: $4,9192023Revenue 2024: $95,190Expenses 2024: $104,462Net Income 2024: -$9,2722024

Highlighted filing

2024

Revenue$95,190
Expenses$104,462
Net Income-$9,272
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$362,724
Liabilities
$181,813
Net assets
$180,911
Revenue
$95,190
Expenses
$104,462
Net income
-$9,272
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.63$1.82$1.81$0.95$1.04$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.76$1.87$1.89$0.86$0.81$0.05
2022Detailed filing. Detailed filing data is available for this year.$3.76$1.91$1.85$0.82$0.84$0.02
2021Detailed filing. Detailed filing data is available for this year.$3.82$1.96$1.86$0.79$0.63$0.16
2020Detailed filing. Detailed filing data is available for this year.$3.71$2.00$1.70$0.68$0.60$0.08
2019Detailed filing. Detailed filing data is available for this year.$3.67$2.04$1.62$0.62$0.58$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.67$2.08$1.59$0.64$0.55$0.09
2017Detailed filing. Detailed filing data is available for this year.$3.64$2.14$1.50$0.65$0.66$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.71$2.20$1.51$0.72$0.74$0.03
2015Summary only. Only limited summary data is available for this year.$3.78$2.25$0.92$1.08$0.16
2014Summary only. Only limited summary data is available for this year.$3.99$2.30$0.66$0.78$0.12
2013Summary only. Only limited summary data is available for this year.$4.16$2.35$0.55$0.54$0.01
2012Summary only. Only limited summary data is available for this year.$4.20$2.40$0.50$0.71$0.22
2011Summary only. Only limited summary data is available for this year.$4.10$2.44$0.67$0.63$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$95,190
Mission and Program Overview

Mission

Provide treated surface water to about 100 rural members

Program Services

DescriptionGrantsExpenses
Provide treated surface water to about 100 rural members--
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Douglas NadeauPresident-$0--
Peter KesslerVice President-$0--
David JunekSecretary/Treasurer-$0--
Danny MasurDirector-$0--
Carolyn VintonDirector-$0--
Filing and Contact Details

Filer

Filer Name
Minerva Water Supply Corporation
EIN
74-1656951
Phone
5124466327
Address
466 Cedar Grove Road, Rockdale, TX 76567-4227

Signing Officer

Name
Douglas Nadeau
Title
President
Phone
5124466327
Signed
2025-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Alton D Thiele Pc
Address
300 EAST AVENUE C P O BOX 808, BELTON, TX 76513
Preparer
Alton D Thiele CPA
Phone
2549390701
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“Fees; Bond; Insurance; Taxes 2508.”

Form 990EZ, Part I, Line 16

“USDA-RDS Interest Expense 7838.”

Form 990EZ, Part I, Line 16

“Depreciation 13745.”

Form 990EZ, Part I, Line 20

“Overlapping deposits between ending 2023 and beginning 2024 761.”

Form 990EZ, Part I, Line 20

“Rounding 1.”

Form 990EZ, Part II, Line 26

“FHA Loan #3 186600. 181813.”

Form 990EZ, Part II, Line 26

“`”

Raw XML Appendix138 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Linda Masur
IRS990EZ/BooksInCareOfDetail/PhoneNum05124466327
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0466 Cedar Grove Road
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Rockdale
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd076567
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0109285
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0109733
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-9272
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt049718
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0376021
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0362724
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt095190
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt02046
IRS990EZ/LandAndBuildingsGrp/BOYAmt0266736
IRS990EZ/LandAndBuildingsGrp/EOYAmt0252991
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt0450
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0189421
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0180911
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0189421
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0180911
IRS990EZ/OccupancyRentUtltsAndMaintAmt015470
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Douglas Nadeau
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Peter Kessler
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2David Junek
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Danny Masur
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Carolyn Vinton
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary/Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0762
IRS990EZ/OtherExpensesTotalAmt024091
IRS990EZ/PrimaryExemptPurposeTxt0Provide treated surface water to about 100 rural members
IRS990EZ/PrintingPublicationsPostageAmt06528
IRS990EZ/ProgramServiceRevenueAmt092694
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Provide treated surface water to about 100 rural members
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt08655
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0186600
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0181813
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0104462
IRS990EZ/TotalRevenueAmt095190
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Fees; Bond; Insurance; Taxes 2508.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1USDA-RDS Interest Expense 7838.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Depreciation 13745.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Overlapping deposits between ending 2023 and beginning 2024 761.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Rounding 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FHA Loan #3 186600. 181813.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6`
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Douglas Nadeau
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05124466327
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Minerva Water Supply Corporation
ReturnHeader/Filer/BusinessNameControlTxt0MINE
ReturnHeader/Filer/EIN0741656951
ReturnHeader/Filer/PhoneNum05124466327
ReturnHeader/Filer/USAddress/AddressLine1Txt0466 Cedar Grove Road
ReturnHeader/Filer/USAddress/CityNm0Rockdale
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0765674227
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742897023
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALTON D THIELE PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 EAST AVENUE C P O BOX 808
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BELTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076513
ReturnHeader/PreparerPersonGrp/PhoneNum02549390701
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Alton D Thiele CPA
ReturnHeader/ReturnTs02025-11-14T12:45:21-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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