Civic Intelligence

Gary Water Supply Corporation

EIN 75-1240057 • 501(c)12 • Gary, TX

Profile

Supply water to rural community

PO Box 160Gary, TX 75643

n/A

Siviq Scores

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

Liabilities / Assets

66th percentile

0.06x

Higher debt load relative to assets than 66% of similar nonprofits.

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

Liabilities / Revenue

63rd percentile

0.07x

Higher debt load relative to revenue than 63% of similar nonprofits.

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

Net Margin

17th percentile

-28%

Higher net margin than 17% of similar nonprofits.

501(c)12 • <$500k 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

24th percentile

-11%

Faster asset growth than 24% of similar nonprofits.

501(c)12 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

49th percentile

2.3%

Faster revenue growth than 49% of similar nonprofits.

501(c)12 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$308,910

Down $87,551 (-22%) from 2023

Liabilities

Down

$19,641

Down $9,371 (-32%) from 2023

Net Assets

Down

$289,269

Down $78,180 (-21%) from 2023

Revenue

Up

$284,092

Up $13,091 (+4.8%) from 2023

Expenses

Up

$364,188

Up $111,032 (+44%) from 2023

Net Income

Down

-$80,096

Down $97,941 (-549%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $263,831Liabilities 2011: $1,4792011Assets 2012: $159,030Liabilities 2012: $75,4062012Assets 2013: $280,161Liabilities 2013: $77,1372013Assets 2014: $331,138Liabilities 2014: $2,8572014Assets 2015: $291,142Liabilities 2015: $2,7682015Assets 2016: $251,178Liabilities 2016: $27,9632016Assets 2017: $270,610Liabilities 2017: $34,418Net Assets 2017: $236,1922017Assets 2018: $296,935Liabilities 2018: $28,871Net Assets 2018: $268,0642018Assets 2019: $349,400Liabilities 2019: $82,791Net Assets 2019: $266,6092019Assets 2020: $351,379Liabilities 2020: $69,401Net Assets 2020: $281,9782020Assets 2021: $361,164Liabilities 2021: $56,931Net Assets 2021: $304,2332021Assets 2022: $393,231Liabilities 2022: $42,581Net Assets 2022: $350,6502022Assets 2023: $396,461Liabilities 2023: $29,012Net Assets 2023: $367,4492023Assets 2024: $308,910Liabilities 2024: $19,641Net Assets 2024: $289,2692024

Highlighted filing

2024

Assets$308,910
Liabilities$19,641
Net Assets$289,269

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $169,416Expenses 2011: $204,177Net Income 2011: -$34,7612011Revenue 2012: $158,487Expenses 2012: $337,215Net Income 2012: -$178,7282012Revenue 2013: $161,273Expenses 2013: $148,695Net Income 2013: $12,5782013Revenue 2014: $172,829Expenses 2014: $180,072Net Income 2014: -$7,2432014Revenue 2015: $170,170Expenses 2015: $210,077Net Income 2015: -$39,9072015Revenue 2016: $193,943Expenses 2016: $259,102Net Income 2016: -$65,1592016Revenue 2017: $200,063Expenses 2017: $187,023Net Income 2017: $13,0402017Revenue 2018: $215,160Expenses 2018: $183,288Net Income 2018: $31,8722018Revenue 2019: $217,822Expenses 2019: $198,855Net Income 2019: $18,9672019Revenue 2020: $252,705Expenses 2020: $237,123Net Income 2020: $15,5822020Revenue 2021: $261,561Expenses 2021: $232,022Net Income 2021: $29,5392021Revenue 2022: $271,384Expenses 2022: $228,342Net Income 2022: $43,0422022Revenue 2023: $271,001Expenses 2023: $253,156Net Income 2023: $17,8452023Revenue 2024: $284,092Expenses 2024: $364,188Net Income 2024: -$80,0962024

Highlighted filing

2024

Revenue$284,092
Expenses$364,188
Net Income-$80,096

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.09$0.20$2.89$2.84$3.64$0.80
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.96$0.29$3.67$2.71$2.53$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.93$0.43$3.51$2.71$2.28$0.43
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.61$0.57$3.04$2.62$2.32$0.30
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.51$0.69$2.82$2.53$2.37$0.16
2019Summary only. Only limited summary data is available for this year.$3.49$0.83$2.67$2.18$1.99$0.19
2018Summary only. Only limited summary data is available for this year.$2.97$0.29$2.68$2.15$1.83$0.32
2017Summary only. Only limited summary data is available for this year.$2.71$0.34$2.36$2.00$1.87$0.13
2016Summary only. Only limited summary data is available for this year.$2.51$0.28$1.94$2.59$0.65
2015Summary only. Only limited summary data is available for this year.$2.91$0.03$1.70$2.10$0.40
2014Summary only. Only limited summary data is available for this year.$3.31$0.03$1.73$1.80$0.07
2013Summary only. Only limited summary data is available for this year.$2.80$0.77$1.61$1.49$0.13
2012Summary only. Only limited summary data is available for this year.$1.59$0.75$1.58$3.37$1.79
2011Summary only. Only limited summary data is available for this year.$2.64$0.01$1.69$2.04$0.35
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.2
Gross Receipts
$284,092
Mission and Program Overview

Mission

Supply water to rural community

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$367,449$289,269▼ $78,180
Land, Buildings, and Equipment, Net$244,434$215,505▼ $28,929
Savings and Temporary Cash Investments$141,827$73,215▼ $68,612
Accounts Receivable$10,000$20,000▲ $10,000
Cash and Non-Interest-Bearing Accounts$200$190▼ $10
Total Assets$396,461$308,910▼ $87,551
Liabilities
Other Liabilities$29,012$19,641▼ $9,371
Total Liabilities$29,012$19,641▼ $9,371
Net Assets / Fund Balance
Total Net Assets Fund Balance$367,449$289,269▼ $78,180
Total Liabilities and Net Assets / Fund Balance$396,461$308,910▼ $87,551

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$111,507$226,924$338,431
Leasehold Improvements$65,153$135,566$200,719
Equipment$17,873$92,285$110,158
Land$19,423-$19,423
Other Land Buildings$1,549$2,170$3,719
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stacy CranfordKey EmployeeFT$44,040$44,040

Board Members and Trustees

NameTitle
Kenny ThorsonPresident
Jack HammondVice President
Nat LankfordBoard Member
Terry BarrBoard Member
Jason PrewittSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$283,499
Investment Income
$593
Other Revenue
$0
Change in Net Assets
$-80,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$317,674
Salaries, Compensation, and Employee Benefits$46,514
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$67,435$0$0$67,435
Current Officers, Directors, Trustees, and Key Employees$44,040$0$0$44,040
Depreciation Depletion$28,929$0$0$28,929
Interest$15,779$0$0$15,779
Other Expenses$11,275$0$0$11,275
Insurance$5,005$0$0$5,005
Office Expenses$4,373$0$0$4,373
Fees for Services Legal$3,694$0$0$3,694
Payroll Taxes$2,474$0$0$2,474
Information Technology$1,250$0$0$1,250
Fees for Services Accounting$1,200$0$0$1,200
Total Functional Expenses$364,188$0$0$364,188
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
Water Tax Payable$11,291
Loan$7,591
Gary Volunteer Fire Department$454
Ambulance Service$299
Payroll Tax Payable$6
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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
Filing and Contact Details

Filer

Filer Name
Gary Water Supply Corporation
EIN
75-1240057
Phone
9036852225
Address
PO BOX 160, GARY, TX 75643

Signing Officer

Name
Jason Prewitt
Title
Secretary
Phone
9036852225
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenny Thorson
Formed
1967
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
0

Preparer

Firm
NIXON & WOODFIN CPA'S
Address
1509 W PANOLA, CARTHAGE, TX 75633
Preparer
Jason Woodfin CPA
Phone
9036939133
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

An independent cpa reviews the document.

Pt VI, Line 19

Documents are made available upon request

Pt XII, Line 3B

DID NOT CHANGE PROCESS.

Pt VI, Line 8A

The board meets once a month and takes monthly minutes.

Pt VI, Line 8B

N/A

Pt XI

Deposits of membership capital

Pt XI

Refund of membership capital

Form 990, Part IX, Line 24E

Testing & purification 33296. 33296. 0. 0.

Form 990, Part IX, Line 24E

FUEL

Form 990, Part IX, Line 24E

Postage 2327. 2327. 0. 0.

Form 990, Part IX, Line 24E

Well utilities 15497. 15497. 0. 0.

Form 990, Part IX, Line 24E

Water system fees 6526. 6526. 0. 0.

Form 990, Part IX, Line 24E

Telephone 858. 858. 0. 0.

Form 990, Part IX, Line 24E

Communications 6393. 6393. 0. 0.

Form 990, Part IX, Line 24E

Country lake billing 1283. 1283. 0. 0.

Form 990, Part IX, Line 24E

SUPPLIES 70. 70. 0. 0.

Form 990, Part IX, Line 24E

Contunuing education 1185. 1185. 0. 0.

Raw XML AppendixShowing 400 of 409 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/PYProgramServiceRevenueAmt0270456
IRS990/PYRevenuesLessExpensesAmt017845
IRS990/PYSalariesCompEmpBnftPaidAmt047325
IRS990/PYTotalExpensesAmt0253156
IRS990/PYTotalRevenueAmt0271001
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-80096
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0367449
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0289269
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0141827
IRS990/SavingsAndTempCashInvstGrp/EOYAmt073215
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0111507
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0226924
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0338431
IRS990ScheduleD/EquipmentGrp/BookValueAmt017873
IRS990ScheduleD/EquipmentGrp/DepreciationAmt092285
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0110158
IRS990ScheduleD/LandGrp/BookValueAmt019423
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt019423
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt065153
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0135566
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0200719
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01549
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02170
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03719
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07591
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111291
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2299
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3454
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt46
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1WATER TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2AMBULANCE SERVICE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3GARY VOLUNTEER FIRE DEPARTMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4PAYROLL TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0215505
IRS990ScheduleD/TotalLiabilityAmt019641
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN INDEPENDENT CPA REVIEWS THE DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DID NOT CHANGE PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD MEETS ONCE A MONTH AND TAKES MONTHLY MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DEPOSITS OF MEMBERSHIP CAPITAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REFUND OF MEMBERSHIP CAPITAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TESTING & PURIFICATION 33296. 33296. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FUEL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9POSTAGE 2327. 2327. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10WELL UTILITIES 15497. 15497. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11WATER SYSTEM FEES 6526. 6526. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12TELEPHONE 858. 858. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13COMMUNICATIONS 6393. 6393. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14COUNTRY LAKE BILLING 1283. 1283. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15SUPPLIES 70. 70. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16CONTUNUING EDUCATION 1185. 1185. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XII, Line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0396461
IRS990/TotalAssetsEOYAmt0308910
IRS990/TotalAssetsGrp/BOYAmt0396461
IRS990/TotalAssetsGrp/EOYAmt0308910
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0364188
IRS990/TotalFunctionalExpensesGrp/TotalAmt0364188
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt029012
IRS990/TotalLiabilitiesEOYAmt019641
IRS990/TotalLiabilitiesGrp/BOYAmt029012
IRS990/TotalLiabilitiesGrp/EOYAmt019641
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0367449
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0289269
IRS990/TotalProgramServiceRevenueAmt0283499
IRS990/TotalReportableCompFromOrgAmt044040
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0284092
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0284092
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0396461
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0308910
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0GARY
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075643
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON PREWITT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09036852225
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GARY WATER SUPPLY CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0GARY
ReturnHeader/Filer/EIN0751240057
ReturnHeader/Filer/PhoneNum09036852225
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 160
ReturnHeader/Filer/USAddress/CityNm0GARY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075643
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0275023354
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NIXON & WOODFIN CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01509 W PANOLA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARTHAGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075633

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