Civic Intelligence

Melrose Water Supply Corporation

EIN 75-1234913 • 501(c)12 • Nacogdoches, TX

Profile

Supply water to melrose and chireno communities

12574 E State Hwy 21Nacogdoches, TX 75961

n/A

Siviq Scores

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

Liabilities / Assets

50th percentile

0.20x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

39th percentile

0.38x

Higher debt load relative to revenue than 39% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Net Margin

22nd percentile

-6.7%

Higher net margin than 22% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

5th percentile

-8.2%

Faster asset growth than 5% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

9.4%

Faster revenue growth than 61% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,395,521

Down $124,089 (-8.2%) from 2023

Liabilities

Down

$285,643

Down $73,602 (-20%) from 2023

Net Assets

Down

$1,109,878

Down $50,487 (-4.4%) from 2023

Revenue

Up

$756,563

Up $64,736 (+9.4%) from 2023

Expenses

Up

$807,050

Up $39,092 (+5.1%) from 2023

Net Income

Up

-$50,487

Up $25,644 (+34%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,515,834Liabilities 2010: $443,582Net Assets 2010: $1,072,2522010Assets 2011: $1,507,035Liabilities 2011: $441,447Net Assets 2011: $1,065,5882011Assets 2012: $1,718,243Liabilities 2012: $464,377Net Assets 2012: $1,253,8662012Assets 2013: $1,703,308Liabilities 2013: $388,209Net Assets 2013: $1,315,0992013Assets 2014: $1,725,899Liabilities 2014: $311,559Net Assets 2014: $1,414,3402014Assets 2015: $2,324,776Liabilities 2015: $832,659Net Assets 2015: $1,492,1172015Assets 2016: $2,326,351Liabilities 2016: $815,587Net Assets 2016: $1,510,7642016Assets 2017: $2,178,760Liabilities 2017: $786,044Net Assets 2017: $1,392,7162017Assets 2018: $2,004,055Liabilities 2018: $736,579Net Assets 2018: $1,267,4762018Assets 2019: $1,836,984Liabilities 2019: $703,463Net Assets 2019: $1,133,5212019Assets 2020: $1,764,803Liabilities 2020: $581,226Net Assets 2020: $1,183,5772020Assets 2021: $1,642,413Liabilities 2021: $500,523Net Assets 2021: $1,141,8902021Assets 2022: $1,624,503Liabilities 2022: $388,007Net Assets 2022: $1,236,4962022Assets 2023: $1,519,610Liabilities 2023: $359,245Net Assets 2023: $1,160,3652023Assets 2024: $1,395,521Liabilities 2024: $285,643Net Assets 2024: $1,109,8782024

Highlighted filing

2024

Assets$1,395,521
Liabilities$285,643
Net Assets$1,109,878

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $670,8042010Revenue 2011: $630,310Expenses 2011: $636,974Net Income 2011: -$6,6642011Expenses 2012: $595,7612012Revenue 2013: $648,842Expenses 2013: $587,609Net Income 2013: $61,2332013Revenue 2014: $615,232Expenses 2014: $515,676Net Income 2014: $99,5562014Revenue 2015: $659,673Expenses 2015: $581,896Net Income 2015: $77,7772015Revenue 2016: $668,466Expenses 2016: $649,819Net Income 2016: $18,6472016Revenue 2017: $686,841Expenses 2017: $804,889Net Income 2017: -$118,0482017Revenue 2018: $675,451Expenses 2018: $800,692Net Income 2018: -$125,2412018Revenue 2019: $698,301Expenses 2019: $790,208Net Income 2019: -$91,9072019Revenue 2020: $711,644Expenses 2020: $661,588Net Income 2020: $50,0562020Revenue 2021: $706,533Expenses 2021: $748,220Net Income 2021: -$41,6872021Revenue 2022: $794,907Expenses 2022: $700,301Net Income 2022: $94,6062022Revenue 2023: $691,827Expenses 2023: $767,958Net Income 2023: -$76,1312023Revenue 2024: $756,563Expenses 2024: $807,050Net Income 2024: -$50,4872024

Highlighted filing

2024

Revenue$756,563
Expenses$807,050
Net Income-$50,487

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.29$1.11$0.76$0.81$0.05
2023Summary only. Only limited summary data is available for this year.$1.52$0.36$1.16$0.69$0.77$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$0.39$1.24$0.79$0.70$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.50$1.14$0.71$0.75$0.04
2020Summary only. Only limited summary data is available for this year.$1.76$0.58$1.18$0.71$0.66$0.05
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.70$1.13$0.70$0.79$0.09
2018Summary only. Only limited summary data is available for this year.$2.00$0.74$1.27$0.68$0.80$0.13
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$0.79$1.39$0.69$0.80$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.33$0.82$1.51$0.67$0.65$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.32$0.83$1.49$0.66$0.58$0.08
2014Summary only. Only limited summary data is available for this year.$1.73$0.31$1.41$0.62$0.52$0.10
2013Detailed filing. Detailed filing data is available for this year.$1.70$0.39$1.32$0.65$0.59$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.46$1.25$0.60
2011Summary only. Only limited summary data is available for this year.$1.51$0.44$1.07$0.63$0.64$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.44$1.07$0.67
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.0
Gross Receipts
$756,563
Mission and Program Overview

Mission

Supply water to melrose and chireno communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,276,968$1,151,196▼ $125,772
Accounts Receivable$113,546$127,661▲ $14,115
Cash and Non-Interest-Bearing Accounts$117,019$104,587▼ $12,432
Inventories for Sale or Use$12,077$12,077→ $0
Total Assets$1,519,610$1,395,521▼ $124,089
Liabilities
Unsecured Notes Loans Payable$300,120$224,760▼ $75,360
Accounts Payable and Accrued Expenses$59,125$60,883▲ $1,758
Total Liabilities$359,245$285,643▼ $73,602
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$977,216$926,729▼ $50,487
Net Assets With Donor Restrictions$183,149$183,149→ $0
Total Net Assets Fund Balance$1,160,365$1,109,878▼ $50,487
Total Liabilities and Net Assets / Fund Balance$1,519,610$1,395,521▼ $124,089

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,063,135$2,703,118$3,766,253
Equipment$10,659$169,060$179,719
Buildings$66,352$33,648$100,000
Land$11,050-$11,050
Compensation and Service Providers

Board Members and Trustees

NameTitle
Keith MillardPresident
Cole ParmerDirector
Raymond WattsDirector
Linda GilpatrickSecretary/tr
Arthur SmithVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$750,231
Investment Income
$5,292
Other Revenue
$1,040
Change in Net Assets
$-50,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$616,238
Salaries, Compensation, and Employee Benefits$190,812
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$181,130--$181,130
Depreciation Depletion$125,772--$125,772
All Other Expenses$83,453--$83,453
Other Expenses$23,975--$23,975
Insurance$20,366--$20,366
Interest$15,898--$15,898
Payroll Taxes$9,682--$9,682
Fees for Services Accounting$4,060--$4,060
Advertising$1,621--$1,621
Office Expenses$1,517--$1,517
Total Functional Expenses$807,050$0$0$807,050
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
Backup withholding compliance
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The corporation is a member owned nonprofit water corporation. There is only one class of memberships. There are approximately 1100 members annually. Officers are elected from the membership to serve for a two year period.

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

The corporation is a member owned nonprofit water corporation. There is only one class of memberships. There are approximately 1100 members annually. Officers are elected form the membership to serve for a two year period.

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

Changes to the bylaws would requre membership approval. Day to day operations do not require membership approval.

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

Completed form 990 is presented to the board for approval, then the board president signs the tax return for the water corporation. Form 990 is available for the board members to review at the monthly board meeting.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies and financial statements can be requested in writing at the water board office. Board of directors will evaluate the request and approve or disapprove the request.

Filing and Contact Details

Filer

Filer Name
Melrose Water Supply Corporation
EIN
75-1234913
Phone
9365602360
Address
12574 E STATE HWY 21, NACOGDOCHES, TX 75961

Signing Officer

Name
Keith Millard
Title
President
Phone
9365602360
Signed
2025-11-12

Organization Details

Principal Officer
Keith Millard
Formed
1964
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
9

Preparer

Firm
Redfield Miller & White Llp
Address
1116 N UNIVERSITY DR, NACOGDOCHES, TX 75961
Preparer
Clinton R White CPA
Phone
9365648186
Supplemental Narrative

Additional Explanations

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

To supply water to the melrose and chireno communities

Form 990, Part IX, Line 24E

Auto expense & mileage 23,016 0 0 dues & fees 20,118 0 0 postage 10,872 0 0 telephone 8,579 0 0 equipment rental 6,916 0 0 natural gas purchases 5,962 0 0 water samples 4,752 0 0 bank charges 1,600 0 0 miscellaneous expense 1,414 0 0 water purchases 224 0 0 total 83,453 0 0

Raw XML Appendix312 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION IS A MEMBER OWNED NONPROFIT WATER CORPORATION. THERE IS ONLY ONE CLASS OF MEMBERSHIPS. THERE ARE APPROXIMATELY 1100 MEMBERS ANNUALLY. OFFICERS ARE ELECTED FROM THE MEMBERSHIP TO SERVE FOR A TWO YEAR PERIOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CORPORATION IS A MEMBER OWNED NONPROFIT WATER CORPORATION. THERE IS ONLY ONE CLASS OF MEMBERSHIPS. THERE ARE APPROXIMATELY 1100 MEMBERS ANNUALLY. OFFICERS ARE ELECTED FORM THE MEMBERSHIP TO SERVE FOR A TWO YEAR PERIOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGES TO THE BYLAWS WOULD REQURE MEMBERSHIP APPROVAL. DAY TO DAY OPERATIONS DO NOT REQUIRE MEMBERSHIP APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPLETED FORM 990 IS PRESENTED TO THE BOARD FOR APPROVAL, THEN THE BOARD PRESIDENT SIGNS THE TAX RETURN FOR THE WATER CORPORATION. FORM 990 IS AVAILABLE FOR THE BOARD MEMBERS TO REVIEW AT THE MONTHLY BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS CAN BE REQUESTED IN WRITING AT THE WATER BOARD OFFICE. BOARD OF DIRECTORS WILL EVALUATE THE REQUEST AND APPROVE OR DISAPPROVE THE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AUTO EXPENSE & MILEAGE 23,016 0 0 DUES & FEES 20,118 0 0 POSTAGE 10,872 0 0 TELEPHONE 8,579 0 0 EQUIPMENT RENTAL 6,916 0 0 NATURAL GAS PURCHASES 5,962 0 0 WATER SAMPLES 4,752 0 0 BANK CHARGES 1,600 0 0 MISCELLANEOUS EXPENSE 1,414 0 0 WATER PURCHASES 224 0 0 TOTAL 83,453 0 0
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 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01519610
IRS990/TotalAssetsEOYAmt01395521
IRS990/TotalAssetsGrp/BOYAmt01519610
IRS990/TotalAssetsGrp/EOYAmt01395521
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0807050
IRS990/TotalFunctionalExpensesGrp/TotalAmt0807050
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0359245
IRS990/TotalLiabilitiesEOYAmt0285643
IRS990/TotalLiabilitiesGrp/BOYAmt0359245
IRS990/TotalLiabilitiesGrp/EOYAmt0285643
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01160365
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01109878
IRS990/TotalProgramServiceExpensesAmt0807050
IRS990/TotalProgramServiceRevenueAmt0750231
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0756563
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0756563
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01519610
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01395521
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0300120
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0224760
IRS990/USAddress/AddressLine1Txt0151 CR 404
IRS990/USAddress/CityNm0NACOGDOCHES
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075961
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0NA
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH MILLARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09365602360
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MELROSE WATER SUPPLY CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0MELR
ReturnHeader/Filer/EIN0751234913
ReturnHeader/Filer/PhoneNum09365602360
ReturnHeader/Filer/USAddress/AddressLine1Txt012574 E STATE HWY 21
ReturnHeader/Filer/USAddress/CityNm0NACOGDOCHES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075961
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752966974
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REDFIELD MILLER & WHITE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01116 N UNIVERSITY DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NACOGDOCHES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075961
ReturnHeader/PreparerPersonGrp/PhoneNum09365648186
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CLINTON R WHITE CPA
ReturnHeader/ReturnTs02025-11-12T17:50:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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