Civic Intelligence

North Rural Water Supply Corporation

990 • Fiscal year 2016 • EIN 75-1297546

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 15, 2017

Organization ProfileNORTHRURALWSC.COM
PO Box 716Mineral Wells, TX 76068

(940) 327-0700

Siviq Scores

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

Liabilities / Assets

34th percentile

0.12x

Higher debt load relative to assets than 34% of similar nonprofits.

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

Liabilities / Revenue

29th percentile

0.28x

Higher debt load relative to revenue than 29% of similar nonprofits.

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

Net Margin

93rd percentile

35%

Higher net margin than 93% of similar nonprofits.

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

Top Officer Pay

62nd percentile

$0

Higher top officer pay than 62% of similar nonprofits.

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

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

Asset Growth

92nd percentile

17%

Faster asset growth than 92% of similar nonprofits.

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

Revenue Growth

89th percentile

24%

Faster revenue growth than 89% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$3,034,120

Up $435,065 (+17%) from 2015

Net Assets

Up

$2,675,039

Up $473,230 (+21%) from 2015

Liabilities

Down

$359,081

Down $38,165 (-9.6%) from 2015

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin93rd percentile

Revenue

Up

$1,268,289

Up $245,083 (+24%) from 2015

Expenses

Down

$822,159

Down $91,274 (-10.0%) from 2015

Net Income

Up

$446,130

Up $336,357 (+306%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$6.0M$4.0M$2.0M$0Assets 2014: $2,540,059Liabilities 2014: $453,023Net Assets 2014: $2,087,0362014Assets 2015: $2,599,055Liabilities 2015: $397,246Net Assets 2015: $2,201,8092015Assets 2016: $3,034,120Liabilities 2016: $359,081Net Assets 2016: $2,675,0392016Assets 2017: $3,094,476Liabilities 2017: $324,083Net Assets 2017: $2,770,3932017Assets 2018: $3,266,670Liabilities 2018: $286,031Net Assets 2018: $2,980,6392018Assets 2019: $3,357,176Liabilities 2019: $248,377Net Assets 2019: $3,108,7992019Assets 2020: $3,586,944Liabilities 2020: $204,440Net Assets 2020: $3,382,5042020Assets 2021: $3,767,697Liabilities 2021: $193,890Net Assets 2021: $3,573,8072021Assets 2022: $4,238,583Liabilities 2022: $240,007Net Assets 2022: $3,998,5762022Assets 2023: $4,819,662Liabilities 2023: $180,581Net Assets 2023: $4,639,0812023Assets 2024: $4,850,840Liabilities 2024: $172,877Net Assets 2024: $4,677,9632024

Highlighted filing

2016

Assets$3,034,120
Liabilities$359,081
Net Assets$2,675,039
Open 2016 Filing

Operations Trend

Revenue Growth89th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $827,689Expenses 2014: $797,008Net Income 2014: $30,6812014Revenue 2015: $1,023,206Expenses 2015: $913,433Net Income 2015: $109,7732015Revenue 2016: $1,268,289Expenses 2016: $822,159Net Income 2016: $446,1302016Revenue 2017: $1,018,280Expenses 2017: $954,126Net Income 2017: $64,1542017Revenue 2018: $1,130,149Expenses 2018: $960,203Net Income 2018: $169,9462018Revenue 2019: $1,114,359Expenses 2019: $1,015,099Net Income 2019: $99,2602019Revenue 2020: $1,261,620Expenses 2020: $1,066,415Net Income 2020: $195,2052020Revenue 2021: $1,270,833Expenses 2021: $1,157,005Net Income 2021: $113,8282021Revenue 2022: $1,714,750Expenses 2022: $1,391,129Net Income 2022: $323,6212022Revenue 2023: $1,805,120Expenses 2023: $1,676,776Net Income 2023: $128,3442023Revenue 2024: $2,495,659Expenses 2024: $2,499,077Net Income 2024: -$3,4182024

Highlighted filing

2016

Revenue$1,268,289
Expenses$822,159
Net Income$446,130
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 15, 2017
Return Version
2016v3.0
Gross Receipts
$1,274,571
Mission and Program Overview

Mission

To provide low cost water service to the rural residents of northwest parker county and eastern palo pinto county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,852,740$2,239,569▲ $386,829
Savings and Temporary Cash Investments$497,216$548,538▲ $51,322
Accounts Receivable$84,731$80,826▼ $3,905
Prepaid Expenses and Deferred Charges$9,401$9,554▲ $153
Total Assets$2,599,055$3,034,120▲ $435,065
Other Assets Total$154,967$155,633▲ $666
Liabilities
Unsecured Notes Loans Payable$319,872$281,194▼ $38,678
Accounts Payable and Accrued Expenses$77,374$77,887▲ $513
Total Liabilities$397,246$359,081▼ $38,165
Net Assets / Fund Balance
Unrestricted Net Assets$2,201,809$2,675,039▲ $473,230
Total Net Assets Fund Balance$2,201,809$2,675,039▲ $473,230
Total Liabilities and Net Assets / Fund Balance$2,599,055$3,034,120▲ $435,065

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,153,887$1,665,099$3,818,986
Buildings$12,519$104,739$117,258
Land$73,163-$73,163
Other Assets Org$155,633--
Compensation and Service Providers
Top Officer Pay62nd percentile

Board Members and Trustees

NameTitle
Randy RattoPresident
Jack JamesBoard Member
Ken WhitleyBoard Member
Kenneth FurrBoard Member
Marty LoganSec/treasure
Bobby BazzellVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$275,000
Program Service Revenue
$959,426
Investment Income
$16,033
Other Revenue
$17,830
Change in Net Assets
$446,130

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$275,000
Total Noncash Contributions1$275,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,268,289
Total Revenue per Audited Statements
$1,268,289
Total Revenue per Form 990
$1,268,289
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$629,580
Salaries, Compensation, and Employee Benefits$192,579
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$178,824--$178,824
Depreciation Depletion$102,777--$102,777
Other Expenses$17,234--$17,234
Interest$14,331--$14,331
Fees for Services Accounting$13,870--$13,870
Payroll Taxes$13,755--$13,755
Travel$10,285--$10,285
All Other Expenses$9,599--$9,599
Total Functional Expenses$822,159$0$0$822,159

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$822,159
Expenses per Audited Statements$822,158
Total Expenses per Audited Statements$822,158
Expenses Not Reported on Financial Statements$1
Other Expense Adjustments$1
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 comprised of members of the community who purchase a membership.”

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

“The governing body is a board of directors elected at large from the members; officers are elected among the board of directors.”

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

“The decisions of the governing body are subject to approval by members.”

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

“The corporation receives a copy of its form 990 prior to filing it with the irs. It is reviewed by the office manager and signed by an officer of the board of directors.”

Form 990, Page 6, Part VI, Line 12C

“According to the corporation's by-laws, the board of directors shall adopt and maintain a conflict of interest policy designed to promote the business of the corporation and serve the interests of the membership. Such policy, at a minimum, shall be in conformance with the provisions of the texas nonprofit corporation act pertaining to duties and responsibilities of the board of directors.”

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

“The corporation's top management officials salaries are reviewed, approved, and adjusted through action by the board of directors.”

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

“The corporation's key employees and other salaries are reviewed, approved, and adjusted through action by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“The corporation's governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
North Rural Water
EIN
75-1297546
Phone
9403270700
Address
PO BOX 716, MINERAL WELLS, TX 76068

Signing Officer

Name
Randy Ratto
Title
President
Phone
9403270700
Signed
2017-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Ratto
Formed
1967
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
5

Preparer

Firm
Snow Garrett Williams
Address
1207 SANTA FE DR, WEATHERFORD, TX 76086-5819
Preparer
Kathy Williams
Phone
8175969301
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“New memberships (net) 5,100 contributed capital - new memberships 22,000 total 27,100”

Financial Statement Notes

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

“Book / tax depreciation difference 1”

Raw XML Appendix353 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/ExplanationTxt0THE CORPORATION IS COMPRISED OF MEMBERS OF THE COMMUNITY WHO PURCHASE A MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY IS A BOARD OF DIRECTORS ELECTED AT LARGE FROM THE MEMBERS; OFFICERS ARE ELECTED AMONG THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CORPORATION RECEIVES A COPY OF ITS FORM 990 PRIOR TO FILING IT WITH THE IRS. IT IS REVIEWED BY THE OFFICE MANAGER AND SIGNED BY AN OFFICER OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCORDING TO THE CORPORATION'S BY-LAWS, THE BOARD OF DIRECTORS SHALL ADOPT AND MAINTAIN A CONFLICT OF INTEREST POLICY DESIGNED TO PROMOTE THE BUSINESS OF THE CORPORATION AND SERVE THE INTERESTS OF THE MEMBERSHIP. SUCH POLICY, AT A MINIMUM, SHALL BE IN CONFORMANCE WITH THE PROVISIONS OF THE TEXAS NONPROFIT CORPORATION ACT PERTAINING TO DUTIES AND RESPONSIBILITIES OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CORPORATION'S TOP MANAGEMENT OFFICIALS SALARIES ARE REVIEWED, APPROVED, AND ADJUSTED THROUGH ACTION BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CORPORATION'S KEY EMPLOYEES AND OTHER SALARIES ARE REVIEWED, APPROVED, AND ADJUSTED THROUGH ACTION BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE CORPORATION'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NEW MEMBERSHIPS (NET) 5,100 CONTRIBUTED CAPITAL - NEW MEMBERSHIPS 22,000 TOTAL 27,100
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02599055
IRS990/TotalAssetsEOYAmt03034120
IRS990/TotalAssetsGrp/BOYAmt02599055
IRS990/TotalAssetsGrp/EOYAmt03034120
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0275000
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0822159
IRS990/TotalFunctionalExpensesGrp/TotalAmt0822159
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0397246
IRS990/TotalLiabilitiesEOYAmt0359081
IRS990/TotalLiabilitiesGrp/BOYAmt0397246
IRS990/TotalLiabilitiesGrp/EOYAmt0359081
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02201809
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02675039
IRS990/TotalProgramServiceExpensesAmt0822159
IRS990/TotalProgramServiceRevenueAmt0959426
IRS990/TotalRevenueGrp/ExclusionAmt02033
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0991256
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01268289
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02599055
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03034120
IRS990/TravelGrp/ProgramServicesAmt010285
IRS990/TravelGrp/TotalAmt010285
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02201809
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02675039
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0319872
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0281194
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 716
IRS990/USAddress/CityNm0MINERAL WELLS
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076068
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0NORTHRURALWSC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RANDY RATTO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09403270700
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTH RURAL WATER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SUPPLY CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0751297546
ReturnHeader/Filer/PhoneNum09403270700
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 716
ReturnHeader/Filer/USAddress/CityNm0MINERAL WELLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076068
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0809B6D88A1FA15D5C95C60BC66B77CE8A0606362
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09B378BFF7B0BDFFE79585F0726D6BACE7AD7E6C0
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752353675
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SNOW GARRETT WILLIAMS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01207 SANTA FE DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEATHERFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0760865819
ReturnHeader/PreparerPersonGrp/PhoneNum08175969301
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHY WILLIAMS
ReturnHeader/ReturnTs02017-04-07T14:36:19+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$3,034,120
Liabilities
$359,081
Net assets
$2,675,039
Revenue
$1,268,289
Expenses
$822,159
Net income
$446,130
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.85$0.17$4.68$2.50$2.50$0.00
2023Detailed filing. Detailed filing data is available for this year.$4.82$0.18$4.64$1.81$1.68$0.13
2022Detailed filing. Detailed filing data is available for this year.$4.24$0.24$4.00$1.71$1.39$0.32
2021Detailed filing. Detailed filing data is available for this year.$3.77$0.19$3.57$1.27$1.16$0.11
2020Detailed filing. Detailed filing data is available for this year.$3.59$0.20$3.38$1.26$1.07$0.20
2019Detailed filing. Detailed filing data is available for this year.$3.36$0.25$3.11$1.11$1.02$0.10
2018Detailed filing. Detailed filing data is available for this year.$3.27$0.29$2.98$1.13$0.96$0.17
2017Detailed filing. Detailed filing data is available for this year.$3.09$0.32$2.77$1.02$0.95$0.06
2016Detailed filing. Detailed filing data is available for this year.$3.03$0.36$2.68$1.27$0.82$0.45
2015Detailed filing. Detailed filing data is available for this year.$2.60$0.40$2.20$1.02$0.91$0.11
2014Detailed filing. Detailed filing data is available for this year.$2.54$0.45$2.09$0.83$0.80$0.03
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)12 • $1M-$5M nonprofits