Civic Intelligence

Payne Springs Water Supply Corporation

990 • Fiscal year 2014 • EIN 75-1367969

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 19, 2015

Organization Profile
9690 State Highway 198Mabank, TX 75156

(903) 451-5300

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.39x

Higher debt load relative to assets than 62% of similar nonprofits.

2014 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

64th percentile

2.14x

Higher debt load relative to revenue than 64% of similar nonprofits.

2014 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2014

Net Margin

48th percentile

2.2%

Higher net margin than 48% of similar nonprofits.

2014 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

59th percentile

$0

Higher top officer pay than 59% of similar nonprofits.

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

2014 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2014

Asset Growth

50th percentile

-0.0%

Faster asset growth than 50% of similar nonprofits.

2014 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

28th percentile

-2.3%

Faster revenue growth than 28% of similar nonprofits.

2014 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$1,471,139

Down $460 (-0.0%) from 2013

Net Assets

Up

$897,700

Up $6,969 (+0.8%) from 2013

Liabilities

Down

$573,439

Down $7,429 (-1.3%) from 2013

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin48th percentile

Revenue

Down

$268,161

Down $6,368 (-2.3%) from 2013

Expenses

Up

$262,277

Up $4,499 (+1.7%) from 2013

Net Income

Down

$5,884

Down $10,867 (-65%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,481,254Liabilities 2010: $605,615Net Assets 2010: $875,6392010Assets 2011: $1,478,619Liabilities 2011: $597,570Net Assets 2011: $881,0492011Assets 2012: $1,462,389Liabilities 2012: $589,109Net Assets 2012: $873,2802012Assets 2013: $1,471,599Liabilities 2013: $580,868Net Assets 2013: $890,7312013Assets 2014: $1,471,139Liabilities 2014: $573,439Net Assets 2014: $897,7002014Assets 2015: $1,441,262Liabilities 2015: $571,560Net Assets 2015: $869,7022015Assets 2016: $1,408,337Liabilities 2016: $551,861Net Assets 2016: $856,4762016Assets 2017: $1,379,898Liabilities 2017: $543,628Net Assets 2017: $836,2702017Assets 2018: $1,334,687Liabilities 2018: $529,293Net Assets 2018: $805,3942018Assets 2019: $1,257,522Liabilities 2019: $517,477Net Assets 2019: $740,0452019Assets 2020: $1,584,760Liabilities 2020: $850,113Net Assets 2020: $734,6472020Assets 2021: $1,705,628Liabilities 2021: $984,395Net Assets 2021: $721,2332021Assets 2022: $1,743,591Liabilities 2022: $951,355Net Assets 2022: $792,2362022Assets 2023: $1,894,362Liabilities 2023: $917,921Net Assets 2023: $976,4412023Assets 2024: $2,052,411Liabilities 2024: $880,959Net Assets 2024: $1,171,4522024

Highlighted filing

2014

Assets$1,471,139
Liabilities$573,439
Net Assets$897,700
Open 2014 Filing

Operations Trend

Revenue Growth28th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $271,7892010Expenses 2011: $271,6622011Expenses 2012: $281,6552012Revenue 2013: $274,529Expenses 2013: $257,778Net Income 2013: $16,7512013Revenue 2014: $268,161Expenses 2014: $262,277Net Income 2014: $5,8842014Revenue 2015: $249,544Expenses 2015: $277,827Net Income 2015: -$28,2832015Revenue 2016: $274,954Expenses 2016: $288,180Net Income 2016: -$13,2262016Revenue 2017: $269,084Expenses 2017: $289,290Net Income 2017: -$20,2062017Revenue 2018: $290,823Expenses 2018: $321,699Net Income 2018: -$30,8762018Revenue 2019: $324,725Expenses 2019: $390,074Net Income 2019: -$65,3492019Revenue 2020: $378,170Expenses 2020: $383,568Net Income 2020: -$5,3982020Revenue 2021: $439,265Expenses 2021: $452,679Net Income 2021: -$13,4142021Revenue 2022: $435,116Expenses 2022: $364,113Net Income 2022: $71,0032022Revenue 2023: $541,224Expenses 2023: $357,019Net Income 2023: $184,2052023Revenue 2024: $588,261Expenses 2024: $393,250Net Income 2024: $195,0112024

Highlighted filing

2014

Revenue$268,161
Expenses$262,277
Net Income$5,884
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 19, 2015
Return Version
2014v5.0
Gross Receipts
$268,161
Mission and Program Overview

Mission

The organization provides water to rural residents of the payne springs community.

The organization provides potable water to approximately 350 mostly rural customers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,149,170$1,114,143▼ $35,027
Cash and Non-Interest-Bearing Accounts$303,736$336,790▲ $33,054
Accounts Receivable$18,693$20,206▲ $1,513
Total Assets$1,471,599$1,471,139▼ $460
Liabilities
Mortgage Notes Payable Secured by Investment Property$577,182$568,202▼ $8,980
Accounts Payable and Accrued Expenses$3,686$5,237▲ $1,551
Total Liabilities$580,868$573,439▼ $7,429
Net Assets / Fund Balance
Unrestricted Net Assets$890,731$866,587▼ $24,144
Temporarily Rstr Net Assets-$31,113-
Total Net Assets Fund Balance$890,731$897,700▲ $6,969
Total Liabilities and Net Assets / Fund Balance$1,471,599$1,471,139▼ $460

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,059,139$430,424$1,489,563
Buildings$33,404-$33,404
Land$21,600-$21,600
Compensation and Service Providers
Top Officer Pay59th percentile

Board Members and Trustees

NameTitle
Dink CarsonPresident
Keith HaynesDirector
Rodney WhiddonDirector
Carl PowellSec/treasurer
Harry RiddleVP
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$253
Other Revenue
$267,908
Change in Net Assets
$5,884
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$155,277
Salaries, Compensation, and Employee Benefits$107,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$99,396--$99,396
Depreciation Depletion$36,887--$36,887
Interest$24,656--$24,656
Other Expenses$21,762--$21,762
Occupancy$10,229--$10,229
Insurance$9,698--$9,698
Payroll Taxes$7,604--$7,604
Office Expenses$5,849--$5,849
Fees for Services Accounting$4,500--$4,500
All Other Expenses$2,242--$2,242
Fees for Services Legal$123--$123
Total Functional Expenses$262,277$0$0$262,277
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
Federal income taxes-
Payroll Taxes Payable-
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
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, Part VI, Section B, Line 11

“The organizations certified public accountant met with the board at its monthly meeting on july 21, 2015. Each member of the board had been provided a complete copy of its form 990, which was discussed in detail. All board questions were resolved satisfactorily.”

Form 990, Part VI, Section B, Line 15

“None of the organizations officers or board members are compensated.”

Form 990, Part VI, Section C, Line 19

“A copy of form 990 and other important documents are maintained at the organizations main office. Documents are available on request. Board meetings are open to the public.”

Filing and Contact Details

Filer

Filer Name
Payne Springs Water Supply Corporation
EIN
75-1367969
Phone
9034515300
Address
9690 STATE HIGHWAY 198, MABANK, TX 75156

Signing Officer

Name
Dink Carson
Title
President
Signed
2015-07-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dink Carson
Formed
1970
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
4

Preparer

Firm
Don R Kinney CPA
Address
1001 E CEDAR CREEK PKWY, SEVEN POINTS, TX 75143
Preparer
Don R Kinney
Phone
9034323935
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“100 of each new members fee is a capital addition. The difference represents current and some prior year capital additions.”

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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 ORGANIZATIONS CERTIFIED PUBLIC ACCOUNTANT MET WITH THE BOARD AT ITS MONTHLY MEETING ON JULY 21, 2015. EACH MEMBER OF THE BOARD HAD BEEN PROVIDED A COMPLETE COPY OF ITS FORM 990, WHICH WAS DISCUSSED IN DETAIL. ALL BOARD QUESTIONS WERE RESOLVED SATISFACTORILY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NONE OF THE ORGANIZATIONS OFFICERS OR BOARD MEMBERS ARE COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 AND OTHER IMPORTANT DOCUMENTS ARE MAINTAINED AT THE ORGANIZATIONS MAIN OFFICE. DOCUMENTS ARE AVAILABLE ON REQUEST. BOARD MEETINGS ARE OPEN TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3100 OF EACH NEW MEMBERS FEE IS A CAPITAL ADDITION. THE DIFFERENCE REPRESENTS CURRENT AND SOME PRIOR YEAR CAPITAL ADDITIONS.
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01471599
IRS990/TotalAssetsEOYAmt01471139
IRS990/TotalAssetsGrp/BOYAmt01471599
IRS990/TotalAssetsGrp/EOYAmt01471139
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0262277
IRS990/TotalFunctionalExpensesGrp/TotalAmt0262277
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0580868
IRS990/TotalLiabilitiesEOYAmt0573439
IRS990/TotalLiabilitiesGrp/BOYAmt0580868
IRS990/TotalLiabilitiesGrp/EOYAmt0573439
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0890731
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0897700
IRS990/TotalProgramServiceExpensesAmt0262277
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0253
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0268161
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01471599
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01471139
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0890731
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0866587
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09690 STATE HIGHWAY 198
IRS990/USAddress/CityNm0MABANK
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075156
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DINK CARSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PAYNE SPRINGS WATER SUPPLY CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0PAYN
ReturnHeader/Filer/EIN0751367969
ReturnHeader/Filer/PhoneNum09034515300
ReturnHeader/Filer/USAddress/AddressLine1Txt09690 STATE HIGHWAY 198
ReturnHeader/Filer/USAddress/CityNm0MABANK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075156
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DON R KINNEY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01001 E CEDAR CREEK PKWY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEVEN POINTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075143
ReturnHeader/PreparerPersonGrp/PhoneNum09034323935
ReturnHeader/PreparerPersonGrp/PreparationDt02015-07-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DON R KINNEY
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-07-19T04:48:14-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,471,139
Liabilities
$573,439
Net assets
$897,700
Revenue
$268,161
Expenses
$262,277
Net income
$5,884
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.88$1.17$0.59$0.39$0.20
2023Detailed filing. Detailed filing data is available for this year.$1.89$0.92$0.98$0.54$0.36$0.18
2022Detailed filing. Detailed filing data is available for this year.$1.74$0.95$0.79$0.44$0.36$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.71$0.98$0.72$0.44$0.45$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.58$0.85$0.73$0.38$0.38$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.26$0.52$0.74$0.32$0.39$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.33$0.53$0.81$0.29$0.32$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.38$0.54$0.84$0.27$0.29$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.41$0.55$0.86$0.27$0.29$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.44$0.57$0.87$0.25$0.28$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.47$0.57$0.90$0.27$0.26$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.47$0.58$0.89$0.27$0.26$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.59$0.87$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.60$0.88$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.61$0.88$0.27