Civic Intelligence

Rio Water Supply Corporation

EIN 74-1819064 • 501(c)12 • Rio Grande City, TX

Profile

Provide water to low to moderate income families

42 North Suntex RoadRio Grande City, TX 78582
Siviq Scores

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

Liabilities / Assets

87th percentile

0.61x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

3.46x

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

501(c)12 • $10M-$25M nonprofits • Source year 2024

Net Margin

7th percentile

-7.9%

Higher net margin than 7% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

33rd percentile

$1,125

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

501(c)12 • $10M-$25M nonprofits • Source year 2024

Asset Growth

13th percentile

-2.5%

Faster asset growth than 13% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-6.3%

Faster revenue growth than 16% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$10,951,597

Down $285,917 (-2.5%) from 2023

Liabilities

Down

$6,642,129

Down $226,096 (-3.3%) from 2023

Net Assets

Down

$4,309,468

Down $59,821 (-1.4%) from 2023

Revenue

Down

$1,921,375

Down $130,073 (-6.3%) from 2023

Expenses

Down

$2,073,885

Down $62,404 (-2.9%) from 2023

Net Income

Down

-$152,510

Down $67,669 (-80%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $1,813,796Liabilities 2010: $419,661Net Assets 2010: $1,394,1352010Assets 2011: $1,834,173Liabilities 2011: $404,271Net Assets 2011: $1,429,9022011Assets 2012: $3,646,372Liabilities 2012: $2,271,187Net Assets 2012: $1,375,1852012Assets 2013: $7,709,205Liabilities 2013: $6,505,761Net Assets 2013: $1,203,4442013Assets 2014: $8,665,366Liabilities 2014: $7,531,130Net Assets 2014: $1,134,2362014Assets 2015: $8,909,525Liabilities 2015: $8,059,092Net Assets 2015: $850,4332015Assets 2016: $8,721,368Liabilities 2016: $8,099,731Net Assets 2016: $621,6372016Assets 2017: $9,259,441Liabilities 2017: $8,004,977Net Assets 2017: $1,254,4642017Assets 2018: $11,457,209Liabilities 2018: $7,896,291Net Assets 2018: $3,560,9182018Assets 2019: $12,221,247Liabilities 2019: $7,817,825Net Assets 2019: $4,403,4222019Assets 2020: $12,141,944Liabilities 2020: $7,435,754Net Assets 2020: $4,706,1902020Assets 2021: $11,839,756Liabilities 2021: $7,288,321Net Assets 2021: $4,551,4352021Assets 2022: $11,699,692Liabilities 2022: $7,164,871Net Assets 2022: $4,534,8212022Assets 2023: $11,237,514Liabilities 2023: $6,868,225Net Assets 2023: $4,369,2892023Assets 2024: $10,951,597Liabilities 2024: $6,642,129Net Assets 2024: $4,309,4682024

Highlighted filing

2024

Assets$10,951,597
Liabilities$6,642,129
Net Assets$4,309,468

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $855,9132010Expenses 2011: $1,117,2912011Expenses 2012: $1,256,3182012Revenue 2013: $1,098,858Expenses 2013: $1,273,927Net Income 2013: -$175,0692013Revenue 2014: $1,391,947Expenses 2014: $1,473,026Net Income 2014: -$81,0792014Revenue 2015: $1,701,448Expenses 2015: $1,751,435Net Income 2015: -$49,9872015Revenue 2016: $1,616,934Expenses 2016: $1,866,149Net Income 2016: -$249,2152016Revenue 2017: $1,656,891Expenses 2017: $1,673,730Net Income 2017: -$16,8392017Revenue 2018: $1,687,343Expenses 2018: $1,817,604Net Income 2018: -$130,2612018Revenue 2019: $1,752,069Expenses 2019: $1,838,223Net Income 2019: -$86,1542019Revenue 2020: $2,209,002Expenses 2020: $2,002,849Net Income 2020: $206,1532020Revenue 2021: $1,958,654Expenses 2021: $2,293,286Net Income 2021: -$334,6322021Revenue 2022: $1,960,539Expenses 2022: $2,009,019Net Income 2022: -$48,4802022Revenue 2023: $2,051,448Expenses 2023: $2,136,289Net Income 2023: -$84,8412023Revenue 2024: $1,921,375Expenses 2024: $2,073,885Net Income 2024: -$152,5102024

Highlighted filing

2024

Revenue$1,921,375
Expenses$2,073,885
Net Income-$152,510

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$6.64$4.31$1.92$2.07$0.15
2023Summary only. Only limited summary data is available for this year.$11.2$6.87$4.37$2.05$2.14$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$7.16$4.53$1.96$2.01$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.8$7.29$4.55$1.96$2.29$0.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$7.44$4.71$2.21$2.00$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$7.82$4.40$1.75$1.84$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$7.90$3.56$1.69$1.82$0.13
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.26$8.00$1.25$1.66$1.67$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.72$8.10$0.62$1.62$1.87$0.25
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.91$8.06$0.85$1.70$1.75$0.05
2014Summary only. Only limited summary data is available for this year.$8.67$7.53$1.13$1.39$1.47$0.08
2013Detailed filing. Detailed filing data is available for this year.$7.71$6.51$1.20$1.10$1.27$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$2.27$1.38$1.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.40$1.43$1.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.42$1.39$0.86
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$1,960,539
Mission and Program Overview

Mission

Provide water to low to moderate income families

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,103,438$10,788,688▼ $314,750
Pd in Cap Srpls Land Bldg Eqp Fund$3,698,276$3,698,276→ $0
Cap Stk Tr Prin Current Funds$1,500,997$1,500,997→ $0
Accounts Receivable$345,597$375,927▲ $30,330
Cash and Non-Interest-Bearing Accounts$2,922$146,162▲ $143,240
Other Notes and Loans Receivable, Net$16,102$17,218▲ $1,116
Rtn Earn Endowment Incm Other Fnds$-647,838$-664,452▼ $16,614
Total Assets$11,839,756$11,699,692▼ $140,064
Other Assets Total$371,697$371,697→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,949,842$6,755,988▼ $193,854
Accounts Payable and Accrued Expenses$338,479$408,883▲ $70,404
Total Liabilities$7,288,321$7,164,871▼ $123,450
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,551,435$4,534,821▼ $16,614
Total Liabilities and Net Assets / Fund Balance$11,839,756$11,699,692▼ $140,064

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$54,329--
Other Land Buildings$371,697--
Land$139,973--
Equipment$10,217,689$3,036,102-
Leasehold Improvements$5,000--
Other Assets Org$371,697--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Adalberto GarzaMember$750$750
Eduardo ChapaVice Pres$750$750
Oscar Guerra JrPresident$750$750
Carlos DelgadoSecretary$625$625
Leonel CantuMember$125$125
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,960,539
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-48,480
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,534,628
Salaries, Compensation, and Employee Benefits$474,391
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$438,779--$438,779
Depreciation Depletion$319,750--$319,750
All Other Expenses$233,879--$233,879
Interest$162,739--$162,739
Fees for Services Legal$73,525--$73,525
Insurance$59,764--$59,764
Office Expenses$51,815--$51,815
Payroll Taxes$35,612--$35,612
Fees for Services Other$17,589--$17,589
Other Expenses$15,569--$15,569
Fees for Services Accounting$5,777--$5,777
Conferences and Meetings$3,000--$3,000
Total Functional Expenses$2,009,019$0$0$2,009,019
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
Yes
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

Form 990 was presented to the board of directors

Officer director etc mailing address Part VI line 9

2 officers are using the address of the corporation

Conflict of interest policy compliance Part VI line 12C

Conflict of interest policy has been adopted by the board of directors

CEO executive director top management comp Part VI line 15A

All compensation is review by an independent board

Other officer or key employee compensation Part VI line 15B

Compensation is reviewed by independent board

Governing documents etc available to public Part VI line 19

Governing documents are available to the public upon request

Filing and Contact Details

Filer

Filer Name
Rio Water Supply Corporation
EIN
74-1819064
Address
42 North Suntex Road, Rio Grande City, TX 78582

Signing Officer

Name
Oscar Guerra
Title
President
Phone
9564872085
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1974
Legal Domicile
TX
Voting Board Members
1,680
Independent Board Members
1,680
Employees
14

Preparer

Firm
Molina Financial Services
Address
406 N Britton Ave, Rio Grande City, TX 78582
Preparer
Roel R Molina EA
Phone
9564874196
Supplemental Narrative

Additional Explanations

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

Additional Grants Received from United States Department of Agriculture

List of other expenses Part IX line 24E

A List of expenses that catogories not listed on form.(See Attached Sch)

Balance Sheet Part X

Change in Retained Earnings due to Auditors adjustment$31,866

Raw XML Appendix346 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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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Water Rights
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 WAS PRESENTED TO THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12 OFFICERS ARE USING THE ADDRESS OF THE CORPORATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY HAS BEEN ADOPTED BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All compensation is review by an independent board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation is reviewed by independent board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents are available to the public upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Additional Grants Received from United States Department of Agriculture
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7A List of expenses that catogories not listed on form.(See Attached Sch)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Change in Retained Earnings due to Auditors adjustment$31,866
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Officer director etc mailing address Part VI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Balance Sheet Part X
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IRS990/TotalFunctionalExpensesGrp/TotalAmt02009019
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IRS990/TotalLiabilitiesEOYAmt07164871
IRS990/TotalLiabilitiesGrp/BOYAmt07288321
IRS990/TotalLiabilitiesGrp/EOYAmt07164871
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04551435
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04534821
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IRS990/TotalProgramServiceExpensesAmt02009019
IRS990/TotalProgramServiceRevenueAmt01960539
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01960539
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Oscar Guerra
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09564872085
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Rio Water Supply Corporation
ReturnHeader/Filer/BusinessNameControlTxt0RIOW
ReturnHeader/Filer/EIN0741819064
ReturnHeader/Filer/USAddress/AddressLine1Txt042 North Suntex Road
ReturnHeader/Filer/USAddress/CityNm0Rio Grande City
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078582
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742560738
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Molina Financial Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0406 N Britton Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Rio Grande City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078582
ReturnHeader/PreparerPersonGrp/PhoneNum09564874196
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Roel R Molina EA
ReturnHeader/ReturnTs02023-11-11T22:35:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Oscar
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Guerra
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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