Civic Intelligence

Nevada Water Supply Corporation

EIN 75-1440531 • 501(c)12 • Nevada, TX

Profile

The corporation provides potable water to customers in and around the community of nevada texas.

108 N Warren StreetNevada, TX 75173

www.nevadawater.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2015

Liabilities / Revenue

22nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)12 • $500k-$1M nonprofits • Source year 2015

Net Margin

22nd percentile

-13%

Higher net margin than 22% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

77th percentile

$1,400

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)12 • $500k-$1M nonprofits • Source year 2015

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

81st percentile

23%

Faster revenue growth than 81% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $2,071,660 (-100%) from 2014

Liabilities

Down

$0

Down $750,602 (-100%) from 2014

Net Assets

Down

$0

Down $1,321,058 (-100%) from 2014

Operations
Liabilities / Revenue22nd percentileNet Margin22nd percentile

Revenue

Up

$931,136

Up $176,634 (+23%) from 2014

Expenses

Up

$1,050,276

Up $352,276 (+50%) from 2014

Net Income

Down

-$119,140

Down $175,642 (-311%) from 2014

Trend Graphs

Balance Sheet Trend

Asset Growth2nd percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,836,974Liabilities 2010: $840,523Net Assets 2010: $996,4512010Assets 2011: $1,862,028Liabilities 2011: $798,053Net Assets 2011: $1,063,9752011Assets 2012: $1,953,979Liabilities 2012: $792,707Net Assets 2012: $1,161,2722012Assets 2013: $2,048,703Liabilities 2013: $784,147Net Assets 2013: $1,264,5562013Assets 2014: $2,071,660Liabilities 2014: $750,602Net Assets 2014: $1,321,0582014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2015

Assets$0
Liabilities$0
Net Assets$0
Open 2015 Filing

Operations Trend

Revenue Growth81st percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $547,3502010Expenses 2011: $563,6812011Expenses 2012: $521,5752012Revenue 2013: $757,023Expenses 2013: $653,739Net Income 2013: $103,2842013Revenue 2014: $754,502Expenses 2014: $698,000Net Income 2014: $56,5022014Revenue 2015: $931,136Expenses 2015: $1,050,276Net Income 2015: -$119,1402015

Highlighted filing

2015

Revenue$931,136
Expenses$1,050,276
Net Income-$119,140
Open 2015 Filing

Filings

Most recent year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$931,136
Expenses
$1,050,276
Net income
-$119,140
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.93$1.05$0.12
2014Detailed filing. Detailed filing data is available for this year.$2.07$0.75$1.32$0.75$0.70$0.06
2013Detailed filing. Detailed filing data is available for this year.$2.05$0.78$1.26$0.76$0.65$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.79$1.16$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$0.80$1.06$0.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.84$1.00$0.55
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Feb 15, 2016
Return Version
2015v2.1
Gross Receipts
$931,136
Mission and Program Overview

Mission

The corporation provides potable water to customers in and around the community of nevada texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,402,804--
Cash and Non-Interest-Bearing Accounts$453,663--
Savings and Temporary Cash Investments$140,731--
Accounts Receivable$48,980--
Inventories for Sale or Use$25,482--
Total Assets$2,071,660$0▼ $2,071,660
Liabilities
Mortgage Notes Payable Secured by Investment Property$562,607--
Other Liabilities$162,010--
Accounts Payable and Accrued Expenses$25,985--
Total Liabilities$750,602$0▼ $750,602
Net Assets / Fund Balance
Unrestricted Net Assets$1,321,058--
Total Net Assets Fund Balance$1,321,058$0▼ $1,321,058
Total Liabilities and Net Assets / Fund Balance$2,071,660$0▼ $2,071,660
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Debra StricklandMemberPT$1,400$1,400
Lonnie SandersPresidentPT$1,400$1,400
Robert TaylorSecretary/trPT$1,400$1,400
Ben PonceMemberPT$1,200$1,200
Debra CaldwellVice-presidePT$1,200$1,200
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$895,100
Investment Income
$2,637
Other Revenue
$33,399
Change in Net Assets
$-119,140

Audited Revenue Reconciliation

Revenue per Audited Statements
$931,136
Total Revenue per Audited Statements
$931,136
Total Revenue per Form 990
$931,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$865,454
Salaries, Compensation, and Employee Benefits$184,822
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$147,726
Depreciation Depletion---$111,064
All Other Expenses---$103,472
Other Expenses---$31,023
Office Expenses---$27,932
Other Employee Benefits---$25,667
Interest---$23,126
Insurance---$15,268
Payroll Taxes---$11,429
Total Functional Expenses$0$0$0$1,050,276

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,050,276
Total Expenses per Audited Statements$1,050,276
Total Expenses per Form 990$1,050,276
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
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization has members.”

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

“Members elect board of directors to serve as governing body.”

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

“The board or it's delegate reviews form 990 before it is filed.”

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

“Board members are required to disclose any conflicts of interest each year.”

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

“The board has authority over all compensatory decisions.”

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

“The board has authority over all compensatory decisions.”

Form 990, Page 6, Part VI, Line 19

“Documents made available upon request.”

Filing and Contact Details

Filer

Filer Name
Nevada Water Supply Corporation
EIN
75-1440531
Phone
9728432608
Address
108 N WARREN STREET, NEVADA, TX 75173

Signing Officer

Name
Robert Taylor
Title
Secretary/treasurer
Phone
9728432608
Signed
2016-02-15

Organization Details

Principal Officer
Robert Taylor
Formed
1959
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
10

Preparer

Firm
Nabors CPA Services Pc
Address
8765 STOCKARD DRIVE SUITE 404, FRISCO, TX 75034-8007
Preparer
R Wayne Nabors CPA
Phone
9724641226
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Transfer assets to nevada special utility district -1,201,918 total -1,201,918 the nevada water supply corporation filed an application with the state of texas to convert from a water district to a texas political subdivision known as the nevada special utility district. The assets were transfered to the special utility district on january 1, 2016. Operations will continue as before, but no form 990 will be required since the organization is now considered to be a governmental entity type.”

Raw XML Appendix302 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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
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IRS990/Form990ProvidedToGvrnBodyInd0true
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IRS990/FSAuditedInd0true
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IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/TotalAmt015268
IRS990/InterestGrp/TotalAmt023126
IRS990/InventoriesForSaleOrUseGrp/BOYAmt025482
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02637
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02637
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01402804
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt0895100
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0562607
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IRS990/NondeductibleContributionsInd0false
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt025667
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IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSES
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS WILL CONTINUE TO SERVE IN THE SAME CAPACITY FOR THE NEVADA SPECIAL UTILITY DISTRICT AS THEY DID FOR NEVADA WATER SUPPLY CORP. MEMBERS: LONNIE SANDERS - PRESIDENT DEBRA CALDWELL - VICE-PRESIDENT ROBERT TAYLOR - SECRETARY/TREASURER DEBRA STRICKLAND - MEMBER BEN PONCE - MEMBER
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1THE NEVADA WATER SUPPLY CORPORATION FILED AN APPLICATION WITH THE STATE OF TEXAS TO CONVERT FROM A WATER DISTRICT TO A TEXAS POLITICAL SUBDIVISION KNOWN AS THE NEVADA SPECIAL UTILITY DISTRICT. THE ASSETS WERE TRANSFERED TO THE SPECIAL UTILITY DISTRICT ON JANUARY 1, 2016. OPERATIONS WILL CONTINUE AS BEFORE, BUT NO FORM 990 WILL BE REQUIRED SINCE THE ORGANIZATION IS NOW CONSIDERED TO BE A GOVERNMENTAL ENTITY TYPE.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PART II, PAGE 2, LINE 2E
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE N
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT BOARD OF DIRECTORS TO SERVE AS GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OR IT'S DELEGATE REVIEWS FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD HAS AUTHORITY OVER ALL COMPENSATORY DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD HAS AUTHORITY OVER ALL COMPENSATORY DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TRANSFER ASSETS TO NEVADA SPECIAL UTILITY DISTRICT -1,201,918 TOTAL -1,201,918 THE NEVADA WATER SUPPLY CORPORATION FILED AN APPLICATION WITH THE STATE OF TEXAS TO CONVERT FROM A WATER DISTRICT TO A TEXAS POLITICAL SUBDIVISION KNOWN AS THE NEVADA SPECIAL UTILITY DISTRICT. THE ASSETS WERE TRANSFERED TO THE SPECIAL UTILITY DISTRICT ON JANUARY 1, 2016. OPERATIONS WILL CONTINUE AS BEFORE, BUT NO FORM 990 WILL BE REQUIRED SINCE THE ORGANIZATION IS NOW CONSIDERED TO BE A GOVERNMENTAL ENTITY TYPE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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IRS990/TotalProgramServiceExpensesAmt01050276
IRS990/TotalProgramServiceRevenueAmt0895100
IRS990/TotalReportableCompFromOrgAmt06600
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0931136
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0931136
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02071660
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01321058
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 442
IRS990/USAddress/CityNm0NEVADA
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075173
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.NEVADAWATER.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT TAYLOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09728432608
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEVADA WATER SUPPLY CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0NEVA
ReturnHeader/Filer/EIN0751440531
ReturnHeader/Filer/PhoneNum09728432608
ReturnHeader/Filer/USAddress/AddressLine1Txt0108 N WARREN STREET
ReturnHeader/Filer/USAddress/CityNm0NEVADA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075173
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453620083
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NABORS CPA SERVICES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08765 STOCKARD DRIVE SUITE 404
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0750348007
ReturnHeader/PreparerPersonGrp/PhoneNum09724641226
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R WAYNE NABORS CPA
ReturnHeader/ReturnTs02016-02-16T07:03:57-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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