Civic Intelligence

South Freestone County Water Supply

990 • Fiscal year 2016 • EIN 74-2203615

Oct 01, 2015 to Sep 30, 2016 • Filed on Jun 20, 2017

Organization ProfileWWW.SOUTHFREESTONEWATER.COM
PO Box 208Teague, TX 75860

(903) 389-5952

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.47x

Higher debt load relative to assets than 72% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

75th percentile

2.90x

Higher debt load relative to revenue than 75% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

64th percentile

$585

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2016

Asset Growth

57th percentile

0.6%

Faster asset growth than 57% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

11th percentile

-8.8%

Faster revenue growth than 11% of similar nonprofits.

2016 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Flat

$1,630,344

Flat from 2016

Net Assets

Flat

$863,708

Flat from 2016

Liabilities

Flat

$766,636

Flat from 2016

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin76th percentile

Revenue

Flat

$264,478

Flat from 2016

Expenses

Flat

$223,201

Flat from 2016

Net Income

Flat

$41,277

Flat from 2016

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,426,596Liabilities 2011: $883,232Net Assets 2011: $543,3642011Assets 2012: $1,496,124Liabilities 2012: $862,046Net Assets 2012: $634,0782012Assets 2013: $1,516,578Liabilities 2013: $844,051Net Assets 2013: $672,5272013Assets 2014: $1,594,992Liabilities 2014: $818,195Net Assets 2014: $776,7972014Assets 2015: $1,619,971Liabilities 2015: $797,540Net Assets 2015: $822,4312015Assets 2016: $1,630,344Liabilities 2016: $766,636Net Assets 2016: $863,7082016Assets 2016: $1,630,344Liabilities 2016: $766,636Net Assets 2016: $863,7082016Assets 2017: $1,723,077Liabilities 2017: $744,525Net Assets 2017: $978,5522017Assets 2018: $1,819,251Liabilities 2018: $714,092Net Assets 2018: $1,105,1592018Assets 2019: $1,749,964Liabilities 2019: $589,703Net Assets 2019: $1,160,2612019Assets 2020: $1,844,702Liabilities 2020: $578,641Net Assets 2020: $1,266,0612020Assets 2021: $1,857,621Liabilities 2021: $569,214Net Assets 2021: $1,288,4072021Assets 2022: $1,988,590Liabilities 2022: $561,059Net Assets 2022: $1,427,5312022Assets 2023: $2,232,085Liabilities 2023: $606,458Net Assets 2023: $1,625,6272023Assets 2024: $2,451,714Liabilities 2024: $591,327Net Assets 2024: $1,860,3872024

Highlighted filing

2016

Assets$1,630,344
Liabilities$766,636
Net Assets$863,708
Open 2016 Filing

Operations Trend

Revenue Growth11th percentile

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

$800K$600K$400K$200K$0Expenses 2011: $227,5592011Expenses 2012: $212,7002012Expenses 2013: $236,0592013Revenue 2014: $330,803Expenses 2014: $226,533Net Income 2014: $104,2702014Revenue 2015: $289,999Expenses 2015: $244,365Net Income 2015: $45,6342015Revenue 2016: $264,478Expenses 2016: $223,201Net Income 2016: $41,2772016Revenue 2016: $264,478Expenses 2016: $223,201Net Income 2016: $41,2772016Revenue 2017: $337,210Expenses 2017: $222,366Net Income 2017: $114,8442017Revenue 2018: $377,446Expenses 2018: $250,839Net Income 2018: $126,6072018Revenue 2019: $278,122Expenses 2019: $223,020Net Income 2019: $55,1022019Revenue 2020: $332,859Expenses 2020: $227,059Net Income 2020: $105,8002020Revenue 2021: $382,152Expenses 2021: $359,806Net Income 2021: $22,3462021Revenue 2022: $572,619Expenses 2022: $433,491Net Income 2022: $139,1282022Revenue 2023: $655,185Expenses 2023: $457,090Net Income 2023: $198,0952023Revenue 2024: $705,994Expenses 2024: $471,236Net Income 2024: $234,7582024

Highlighted filing

2016

Revenue$264,478
Expenses$223,201
Net Income$41,277
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Jun 20, 2017
Return Version
2015v3.0
Gross Receipts
$679,453
Mission and Program Overview

Mission

The corporation's primary exempt purpose is to furnish water to all members of the south freestone county water supply corporation water system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$901,706$999,623▲ $97,917
Land, Buildings, and Equipment, Net$642,388$563,401▼ $78,987
Inventories for Sale or Use$24,949$24,478▼ $471
Cash and Non-Interest-Bearing Accounts$4,259$4,264▲ $5
Other Notes and Loans Receivable, Net$255--
Total Assets$1,619,971$1,630,344▲ $10,373
Other Assets Total$46,414$38,578▼ $7,836
Liabilities
Mortgage Notes Payable Secured by Investment Property$681,708$654,280▼ $27,428
Other Liabilities$105,129$106,065▲ $936
Accounts Payable and Accrued Expenses$10,703$6,291▼ $4,412
Total Liabilities$797,540$766,636▼ $30,904
Net Assets / Fund Balance
Unrestricted Net Assets$822,431$863,708▲ $41,277
Total Net Assets Fund Balance$822,431$863,708▲ $41,277
Total Liabilities and Net Assets / Fund Balance$1,619,971$1,630,344▲ $10,373

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$508,498$1,714,784$2,223,282
Equipment$31,441$151,142$182,583
Buildings$8,724$59,187$67,911
Land$14,738-$14,738
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleBaseTotal
Wr RoaneDirector$585$585
Anita RobinsonPresident$540$540
Mary Lou WhitakerV-president$540$540
E W AllenSec/treas$495$495
Bobby RansomDirector$360$360
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,960
Other Revenue
$261,518
Change in Net Assets
$41,277

Audited Revenue Reconciliation

Revenue per Audited Statements
$264,478
Revenue Not Reported on Form 990
$414,975
Total Revenue per Audited Statements
$679,453
Total Revenue per Form 990
$264,478
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$147,353
Salaries, Compensation, and Employee Benefits$75,848
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Employee Benefits---$52,884
Interest---$33,808
Insurance---$15,714
Payroll Taxes---$15,310
All Other Expenses---$15,033
Other Expenses---$9,078
Pension Plan Contributions---$7,654
Fees for Services Accounting---$7,200
Conferences and Meetings---$3,029
Total Functional Expenses$0$0$0$223,201

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$638,176
Expenses Not Reported on Form 990$414,975
Expenses per Audited Statements$223,201
Total Expenses per Form 990$223,201
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Deposits$105,229
Volunteer Fire Department Deposits$836
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Page 6, Part VI, Line 6

“All of the customers of the company are members.”

Form 990, Page 6, Part VI, Line 7A

“The governing board is elected by the general membership of the organization. The elections are held at the annual meeting. Board members serve on rotating terms so that not all board members are elected each year.”

Form 990, Page 6, Part VI, Line 11B

“Each director is given a copy of form 990 during a regular business meeting. The directors review the form, discuss any questions and approve it for filing.”

Form 990, Page 6, Part VI, Line 15B

“The board of directors reviews and approves compensation for all employees.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents and financial statements available to the public upon request. Financial statements are distributed to the members at the annual meeting.”

Filing and Contact Details

Filer

Filer Name
South Freestone County Water Supply
EIN
74-2203615
Phone
9033895952
Address
PO BOX 208, TEAGUE, TX 75860

Signing Officer

Name
Douglas Lynn Clary
Title
President
Phone
9033895952
Signed
2017-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas Lynn Clary
Formed
1970
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
6

Preparer

Firm
Traplena Sullivan & Reinke Pc
Address
4216 FRANKLIN AVE, WACO, TX 76710-6944
Preparer
Jason D Reinke
Phone
2547511133
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Cost of goods sold 414,975 cost of goods sold -414,975 see schedule d, part xi, line 2d and schedule d, part xii, line 2d”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Cost of goods sold 414,975”

Schedule D, Page 4, Part XII, Line 2D

“Cost of goods sold 414,975”

Raw XML Appendix313 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/SupplementalInformationDetail/ExplanationTxt0COST OF GOODS SOLD 414,975
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 414,975
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL OF THE CUSTOMERS OF THE COMPANY ARE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BOARD IS ELECTED BY THE GENERAL MEMBERSHIP OF THE ORGANIZATION. THE ELECTIONS ARE HELD AT THE ANNUAL MEETING. BOARD MEMBERS SERVE ON ROTATING TERMS SO THAT NOT ALL BOARD MEMBERS ARE ELECTED EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR IS GIVEN A COPY OF FORM 990 DURING A REGULAR BUSINESS MEETING. THE DIRECTORS REVIEW THE FORM, DISCUSS ANY QUESTIONS AND APPROVE IT FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE DISTRIBUTED TO THE MEMBERS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COST OF GOODS SOLD 414,975 COST OF GOODS SOLD -414,975 SEE SCHEDULE D, PART XI, LINE 2D AND SCHEDULE D, PART XII, LINE 2D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01619971
IRS990/TotalAssetsEOYAmt01630344
IRS990/TotalAssetsGrp/BOYAmt01619971
IRS990/TotalAssetsGrp/EOYAmt01630344
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0223201
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0797540
IRS990/TotalLiabilitiesEOYAmt0766636
IRS990/TotalLiabilitiesGrp/BOYAmt0797540
IRS990/TotalLiabilitiesGrp/EOYAmt0766636
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0822431
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0863708
IRS990/TotalReportableCompFromOrgAmt02520
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0264478
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0264478
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01619971
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01630344
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0822431
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0863708
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 208
IRS990/USAddress/CityNm0TEAGUE
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075860
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUGLAS LYNN CLARY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09033895952
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTH FREESTONE COUNTY WATER SUPPLY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0742203615
ReturnHeader/Filer/PhoneNum09033895952
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 208
ReturnHeader/Filer/USAddress/CityNm0TEAGUE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075860
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0814492811
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TRAPLENA SULLIVAN & REINKE PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04216 FRANKLIN AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WACO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0767106944
ReturnHeader/PreparerPersonGrp/PhoneNum02547511133
ReturnHeader/PreparerPersonGrp/PreparationDt02017-06-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JASON D REINKE
ReturnHeader/ReturnTs02017-06-20T11:41:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-10-01
ReturnHeader/TaxPeriodEndDt02016-09-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,630,344
Liabilities
$766,636
Net assets
$863,708
Revenue
$264,478
Expenses
$223,201
Net income
$41,277
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.59$1.86$0.71$0.47$0.23
2023Summary only. Only limited summary data is available for this year.$2.23$0.61$1.63$0.66$0.46$0.20
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.56$1.43$0.57$0.43$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.86$0.57$1.29$0.38$0.36$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.58$1.27$0.33$0.23$0.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.59$1.16$0.28$0.22$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.71$1.11$0.38$0.25$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$0.74$0.98$0.34$0.22$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.63$0.77$0.86$0.26$0.22$0.04
2016Summary only. Only limited summary data is available for this year.$1.63$0.77$0.86$0.26$0.22$0.04
2015Summary only. Only limited summary data is available for this year.$1.62$0.80$0.82$0.29$0.24$0.05
2014Summary only. Only limited summary data is available for this year.$1.59$0.82$0.78$0.33$0.23$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.84$0.67$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.86$0.63$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.88$0.54$0.23