Civic Intelligence

Sturdivant-Progress Water Supply Corp

990 • Fiscal year 2020 • EIN 75-1220118

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 04, 2021

Organization ProfileN/A

View Organization Page

241 Village Bend RdMineral Wells, TX 76067

(940) 325-6020

Siviq Scores

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

Liabilities / Assets

24th percentile

0.05x

Higher debt load relative to assets than 24% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

16th percentile

0.06x

Higher debt load relative to revenue than 16% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Net Margin

42nd percentile

3.1%

Higher net margin than 42% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

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

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Asset Growth

73rd percentile

4.5%

Faster asset growth than 73% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

83rd percentile

15%

Faster revenue growth than 83% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$1,459,673

Up $63,310 (+4.5%) from 2019

Net Assets

Up

$1,393,600

Up $33,847 (+2.5%) from 2019

Liabilities

Up

$66,073

Up $29,463 (+80%) from 2019

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin42nd percentile

Revenue

Up

$1,086,053

Up $141,852 (+15%) from 2019

Expenses

Up

$1,052,206

Up $132,821 (+14%) from 2019

Net Income

Up

$33,847

Up $9,031 (+36%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $478,418Liabilities 2010: $54,733Net Assets 2010: $423,6852010Assets 2011: $554,195Liabilities 2011: $76,767Net Assets 2011: $477,4282011Assets 2012: $542,718Liabilities 2012: $50,175Net Assets 2012: $492,5432012Assets 2013: $707,672Liabilities 2013: $42,919Net Assets 2013: $664,7532013Assets 2014: $788,522Liabilities 2014: $35,907Net Assets 2014: $752,6152014Assets 2015: $955,707Liabilities 2015: $35,567Net Assets 2015: $920,1402015Assets 2016: $1,165,235Liabilities 2016: $34,360Net Assets 2016: $1,130,8752016Assets 2017: $1,273,617Liabilities 2017: $34,177Net Assets 2017: $1,239,4402017Assets 2018: $1,368,513Liabilities 2018: $33,576Net Assets 2018: $1,334,9372018Assets 2019: $1,396,363Liabilities 2019: $36,610Net Assets 2019: $1,359,7532019Assets 2020: $1,459,673Liabilities 2020: $66,073Net Assets 2020: $1,393,6002020Assets 2021: $1,546,915Liabilities 2021: $82,388Net Assets 2021: $1,464,5272021Assets 2022: $1,730,091Liabilities 2022: $77,271Net Assets 2022: $1,652,8202022Assets 2023: $2,276,092Liabilities 2023: $120,173Net Assets 2023: $2,155,9192023Assets 2024: $2,475,603Liabilities 2024: $25,688Net Assets 2024: $2,449,9152024

Highlighted filing

2020

Assets$1,459,673
Liabilities$66,073
Net Assets$1,393,600
Open 2020 Filing

Operations Trend

Revenue Growth83rd percentile

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

$3.0M$2.0M$1.0M$0Expenses 2010: $469,4272010Expenses 2011: $470,7372011Expenses 2012: $517,0552012Revenue 2013: $601,780Expenses 2013: $429,570Net Income 2013: $172,2102013Revenue 2014: $821,188Expenses 2014: $733,326Net Income 2014: $87,8622014Revenue 2015: $1,021,315Expenses 2015: $853,790Net Income 2015: $167,5252015Revenue 2016: $894,049Expenses 2016: $683,314Net Income 2016: $210,7352016Revenue 2017: $916,022Expenses 2017: $807,457Net Income 2017: $108,5652017Revenue 2018: $965,554Expenses 2018: $870,057Net Income 2018: $95,4972018Revenue 2019: $944,201Expenses 2019: $919,385Net Income 2019: $24,8162019Revenue 2020: $1,086,053Expenses 2020: $1,052,206Net Income 2020: $33,8472020Revenue 2021: $1,142,433Expenses 2021: $1,071,506Net Income 2021: $70,9272021Revenue 2022: $1,368,039Expenses 2022: $1,179,746Net Income 2022: $188,2932022Revenue 2023: $1,928,156Expenses 2023: $1,425,057Net Income 2023: $503,0992023Revenue 2024: $2,092,835Expenses 2024: $1,798,836Net Income 2024: $293,9992024

Highlighted filing

2020

Revenue$1,086,053
Expenses$1,052,206
Net Income$33,847
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 4, 2021
Return Version
2020v4.0
Gross Receipts
$1,086,053
Mission and Program Overview

Mission

To provide safe, potable water and sewage services to residents served by the sturdivant-progress water system.

Provide safe, potable water and sewage services to residents served by sturdivant-progress water system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,082,183$1,072,980▼ $9,203
Land, Buildings, and Equipment, Net$1,000,261$1,052,441▲ $52,180
Pd in Cap Srpls Land Bldg Eqp Fund$277,570$320,620▲ $43,050
Cash and Non-Interest-Bearing Accounts$135,871$146,552▲ $10,681
Savings and Temporary Cash Investments$100,199$86,832▼ $13,367
Accounts Receivable$89,240$84,759▼ $4,481
Inventories for Sale or Use$53,087$74,374▲ $21,287
Prepaid Expenses and Deferred Charges$17,705$14,715▼ $2,990
Total Assets$1,396,363$1,459,673▲ $63,310
Liabilities
Accounts Payable and Accrued Expenses$36,610$34,672▼ $1,938
Unsecured Notes Loans Payable-$31,401-
Total Liabilities$36,610$66,073▲ $29,463
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,359,753$1,393,600▲ $33,847
Total Liabilities and Net Assets / Fund Balance$1,396,363$1,459,673▲ $63,310

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$492,881$1,367,836$1,860,717
Land$461,823-$461,823
Buildings$97,737$111,086$208,823
Compensation and Service Providers
Top Officer Pay63rd percentile

Board Members and Trustees

NameTitle
Scott RoyalPresident
James SlatteryDirector
Jb WatkinsDirector
Jeff SmithDirector
Jerry FieldsDirector
Mike JohnsonDirector
Penny SnowAsst Sec-tre
Mike WellsSecretary-tr
Nelson BaileyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,085,926
Investment Income
$127
Other Revenue
$0
Change in Net Assets
$33,847
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$658,667
Salaries, Compensation, and Employee Benefits$393,539
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$315,280--$315,280
Depreciation Depletion$52,085--$52,085
All Other Expenses$44,198--$44,198
Other Employee Benefits$43,914--$43,914
Occupancy$37,560--$37,560
Payroll Taxes$22,511--$22,511
Insurance$21,088--$21,088
Office Expenses$18,313--$18,313
Other Expenses$15,030--$15,030
Pension Plan Contributions$11,834--$11,834
Fees for Services Accounting$3,889$3,890-$7,779
Fees for Services Other-$1,600-$1,600
Conferences and Meetings$622--$622
Total Functional Expenses$1,046,716$5,490$0$1,052,206
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
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
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, Page 6, Part VI, Line 6

“The corporation has one class of members. All customers of the corporation must hold a membership.”

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

“Directors of the corporation are elected by its members at the annual meeting.”

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

“Form 990 is prepared by the corporation's cpa firm and is reviewed by the president before submission. A copy is provided to directors at the next monthly meeting.”

Form 990, Page 6, Part VI, Line 19

“Tax returns and financial statements are presented at board meetings which are open to all members, as well as to the public. Additionally, copies of these documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Sturdivant-progress Water Supply
EIN
75-1220118
Phone
9403256020
Address
241 VILLAGE BEND RD, MINERAL WELLS, TX 76067

Signing Officer

Name
Scott Royal
Title
President
Phone
9403256020
Signed
2021-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Royal
Formed
1965
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
5

Preparer

Firm
Crawford Carter & Durbin LLC
Address
PO BOX 87, MINERAL WELLS, TX 76068-0087
Preparer
Martin R Durbin
Phone
9403281167
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Provide safe, potable water and sewage services to residents served by the sturdivant-progress water system.”

Form 990, Part XII

“Line 2c. The organization's board is responsible for hiring the organization's cpa and providing oversight of the compilation of its financial statements. The cpa's report states that it is not independent with regard to the organization.”

Raw XML Appendix351 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/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01072980
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0100199
IRS990/SavingsAndTempCashInvstGrp/EOYAmt086832
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt097737
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0111086
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0208823
IRS990ScheduleD/EquipmentGrp/BookValueAmt0492881
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01367836
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01860717
IRS990ScheduleD/LandGrp/BookValueAmt0461823
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0461823
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01052441
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE SAFE, POTABLE WATER AND SEWAGE SERVICES TO RESIDENTS SERVED BY THE STURDIVANT-PROGRESS WATER SYSTEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION HAS ONE CLASS OF MEMBERS. ALL CUSTOMERS OF THE CORPORATION MUST HOLD A MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS OF THE CORPORATION ARE ELECTED BY ITS MEMBERS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS PREPARED BY THE CORPORATION'S CPA FIRM AND IS REVIEWED BY THE PRESIDENT BEFORE SUBMISSION. A COPY IS PROVIDED TO DIRECTORS AT THE NEXT MONTHLY MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TAX RETURNS AND FINANCIAL STATEMENTS ARE PRESENTED AT BOARD MEETINGS WHICH ARE OPEN TO ALL MEMBERS, AS WELL AS TO THE PUBLIC. ADDITIONALLY, COPIES OF THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LINE 2C. THE ORGANIZATION'S BOARD IS RESPONSIBLE FOR HIRING THE ORGANIZATION'S CPA AND PROVIDING OVERSIGHT OF THE COMPILATION OF ITS FINANCIAL STATEMENTS. THE CPA'S REPORT STATES THAT IT IS NOT INDEPENDENT WITH REGARD TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01396363
IRS990/TotalAssetsEOYAmt01459673
IRS990/TotalAssetsGrp/BOYAmt01396363
IRS990/TotalAssetsGrp/EOYAmt01459673
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05490
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01046716
IRS990/TotalFunctionalExpensesGrp/TotalAmt01052206
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036610
IRS990/TotalLiabilitiesEOYAmt066073
IRS990/TotalLiabilitiesGrp/BOYAmt036610
IRS990/TotalLiabilitiesGrp/EOYAmt066073
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01359753
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01393600
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt019992
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt019992
IRS990/TotalProgramServiceRevenueAmt01085926
IRS990/TotalRevenueGrp/ExclusionAmt0127
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01085926
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01086053
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01396363
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01459673
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt031401
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT ROYAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09403256020
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STURDIVANT-PROGRESS WATER SUPPLY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0STUR
ReturnHeader/Filer/EIN0751220118
ReturnHeader/Filer/PhoneNum09403256020
ReturnHeader/Filer/USAddress/AddressLine1Txt0241 VILLAGE BEND RD
ReturnHeader/Filer/USAddress/CityNm0MINERAL WELLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076067
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472452060
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CRAWFORD CARTER & DURBIN LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 87
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINERAL WELLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0760680087
ReturnHeader/PreparerPersonGrp/PhoneNum09403281167
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARTIN R DURBIN
ReturnHeader/ReturnTs02021-03-11T12:17:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SCOTT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROYAL
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,459,673
Liabilities
$66,073
Net assets
$1,393,600
Revenue
$1,086,053
Expenses
$1,052,206
Net income
$33,847
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.48$0.03$2.45$2.09$1.80$0.29
2023Detailed filing. Detailed filing data is available for this year.$2.28$0.12$2.16$1.93$1.43$0.50
2022Detailed filing. Detailed filing data is available for this year.$1.73$0.08$1.65$1.37$1.18$0.19
2021Detailed filing. Detailed filing data is available for this year.$1.55$0.08$1.46$1.14$1.07$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.46$0.07$1.39$1.09$1.05$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.40$0.04$1.36$0.94$0.92$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.37$0.03$1.33$0.97$0.87$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.03$1.24$0.92$0.81$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.17$0.03$1.13$0.89$0.68$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.96$0.04$0.92$1.02$0.85$0.17
2014Detailed filing. Detailed filing data is available for this year.$0.79$0.04$0.75$0.82$0.73$0.09
2013Detailed filing. Detailed filing data is available for this year.$0.71$0.04$0.66$0.60$0.43$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.05$0.49$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.08$0.48$0.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.05$0.42$0.47