Civic Intelligence

Eula Water Supply Corporation

EIN 75-1462384 • 501(c)12 • Clyde, TX

Profile

Devoted to furnishing the water supply to rural residents in Clyde, Texas.

5744 Fm 603Clyde, TX 79510

n/A

Siviq Scores

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

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

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

Liabilities / Revenue

20th percentile

0.07x

Higher debt load relative to revenue than 20% of similar nonprofits.

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

Net Margin

85th percentile

33%

Higher net margin than 85% 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

80th percentile

9.1%

Faster asset growth than 80% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2021 to 2024

Revenue Growth

78th percentile

18%

Faster revenue growth than 78% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2021 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$3,968,500

Up $452,314 (+13%) from 2023

Liabilities

Up

$86,265

Up $27,541 (+47%) from 2023

Net Assets

Up

$3,882,235

Up $424,773 (+12%) from 2023

Operations
Liabilities / Revenue20th percentileNet Margin85th percentile

Revenue

Up

$1,200,493

Up $291,617 (+32%) from 2023

Expenses

Up

$801,720

Up $57,862 (+7.8%) from 2023

Net Income

Up

$398,773

Up $233,755 (+142%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth80th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,663,863Liabilities 2011: $1,561,451Net Assets 2011: $1,102,4122011Assets 2012: $2,619,993Liabilities 2012: $1,419,848Net Assets 2012: $1,200,1452012Assets 2013: $2,707,715Liabilities 2013: $1,357,979Net Assets 2013: $1,349,7362013Assets 2014: $2,861,275Liabilities 2014: $1,330,173Net Assets 2014: $1,531,1022014Assets 2015: $2,815,487Liabilities 2015: $1,093,068Net Assets 2015: $1,722,4192015Assets 2016: $2,542,953Liabilities 2016: $633,564Net Assets 2016: $1,909,3892016Assets 2017: $2,334,838Liabilities 2017: $252,608Net Assets 2017: $2,082,2302017Assets 2018: $2,322,839Liabilities 2018: $47,350Net Assets 2018: $2,275,4892018Assets 2019: $2,568,443Liabilities 2019: $58,409Net Assets 2019: $2,510,0342019Assets 2020: $2,863,875Liabilities 2020: $80,816Net Assets 2020: $2,783,0592020Assets 2021: $3,056,273Liabilities 2021: $83,488Net Assets 2021: $2,972,7852021Assets 2022: $3,352,501Liabilities 2022: $74,157Net Assets 2022: $3,278,3442022Assets 2023: $3,516,186Liabilities 2023: $58,724Net Assets 2023: $3,457,4622023Assets 2024: $3,968,500Liabilities 2024: $86,265Net Assets 2024: $3,882,2352024

Highlighted filing

2024

Assets$3,968,500
Liabilities$86,265
Net Assets$3,882,235
Open 2024 Filing

Operations Trend

Revenue Growth78th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $487,454Expenses 2011: $601,802Net Income 2011: -$114,3482011Revenue 2012: $585,979Expenses 2012: $489,446Net Income 2012: $96,5332012Revenue 2013: $563,932Expenses 2013: $439,437Net Income 2013: $124,4952013Revenue 2014: $639,055Expenses 2014: $459,189Net Income 2014: $179,8662014Revenue 2015: $617,571Expenses 2015: $427,454Net Income 2015: $190,1172015Revenue 2016: $627,930Expenses 2016: $441,960Net Income 2016: $185,9702016Revenue 2017: $623,017Expenses 2017: $452,176Net Income 2017: $170,8412017Revenue 2018: $616,837Expenses 2018: $424,778Net Income 2018: $192,0592018Revenue 2019: $698,794Expenses 2019: $467,349Net Income 2019: $231,4452019Revenue 2020: $749,772Expenses 2020: $481,047Net Income 2020: $268,7252020Revenue 2021: $726,613Expenses 2021: $538,287Net Income 2021: $188,3262021Revenue 2022: $852,153Expenses 2022: $550,694Net Income 2022: $301,4592022Revenue 2023: $908,876Expenses 2023: $743,858Net Income 2023: $165,0182023Revenue 2024: $1,200,493Expenses 2024: $801,720Net Income 2024: $398,7732024

Highlighted filing

2024

Revenue$1,200,493
Expenses$801,720
Net Income$398,773
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,968,500
Liabilities
$86,265
Net assets
$3,882,235
Revenue
$1,200,493
Expenses
$801,720
Net income
$398,773
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.97$0.09$3.88$1.20$0.80$0.40
2023Detailed filing. Detailed filing data is available for this year.$3.52$0.06$3.46$0.91$0.74$0.17
2022Detailed filing. Detailed filing data is available for this year.$3.35$0.07$3.28$0.85$0.55$0.30
2021Detailed filing. Detailed filing data is available for this year.$3.06$0.08$2.97$0.73$0.54$0.19
2020Detailed filing. Detailed filing data is available for this year.$2.86$0.08$2.78$0.75$0.48$0.27
2019Summary only. Only limited summary data is available for this year.$2.57$0.06$2.51$0.70$0.47$0.23
2018Summary only. Only limited summary data is available for this year.$2.32$0.05$2.28$0.62$0.42$0.19
2017Summary only. Only limited summary data is available for this year.$2.33$0.25$2.08$0.62$0.45$0.17
2016Summary only. Only limited summary data is available for this year.$2.54$0.63$1.91$0.63$0.44$0.19
2015Summary only. Only limited summary data is available for this year.$2.82$1.09$1.72$0.62$0.43$0.19
2014Summary only. Only limited summary data is available for this year.$2.86$1.33$1.53$0.64$0.46$0.18
2013Summary only. Only limited summary data is available for this year.$2.71$1.36$1.35$0.56$0.44$0.12
2012Summary only. Only limited summary data is available for this year.$2.62$1.42$1.20$0.59$0.49$0.10
2011Summary only. Only limited summary data is available for this year.$2.66$1.56$1.10$0.49$0.60$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 1, 2025
Return Version
2024v5.1
Gross Receipts
$1,859,066
Mission and Program Overview

Mission

Devoted to furnishing the water supply to rural residents in Clyde, Texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,898,125$1,916,762▲ $18,637
Savings and Temporary Cash Investments$510,228$1,047,112▲ $536,884
Cash and Non-Interest-Bearing Accounts$928,358$803,389▼ $124,969
Accounts Receivable$167,534$170,893▲ $3,359
Prepaid Expenses and Deferred Charges$11,941$30,344▲ $18,403
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,516,186$3,968,500▲ $452,314
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$51,088$76,418▲ $25,330
Other Liabilities$7,636$9,847▲ $2,211
Total Liabilities$58,724$86,265▲ $27,541
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,457,462$3,882,235▲ $424,773
Total Net Assets Fund Balance$3,457,462$3,882,235▲ $424,773
Total Liabilities and Net Assets / Fund Balance$3,516,186$3,968,500▲ $452,314

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,786,735$4,227,110$6,013,845
Buildings$73,463$42,290$115,753
Equipment$56,564$40,428$96,992
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Bryan FarmerPresident
George JacksonVice President
Mike HoltDirector
Eddie RileySecretary
Thomas RockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$55,928
Other Revenue
$1,144,565
Change in Net Assets
$398,773

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,200,493
Revenue Not Reported on Form 990
$658,573
Total Revenue per Audited Statements
$1,859,066
Total Revenue per Form 990
$1,200,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$628,507
Salaries, Compensation, and Employee Benefits$173,213
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$271,065--$271,065
Other Salaries and Wages$160,885--$160,885
Fees for Services Legal$42,720--$42,720
All Other Expenses$36,971--$36,971
Insurance$31,696--$31,696
Payroll Taxes$12,328--$12,328
Other Expenses$8,656--$8,656
Fees for Services Accounting$7,000--$7,000
Total Functional Expenses$801,720$0$0$801,720

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,460,293
Expenses per Audited Statements$801,720
Total Expenses per Form 990$801,720
Expenses Not Reported on Form 990$658,573
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued expenses$9,847
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Organization members are customers of the water supply corporation.”

Form 990, Part VI, Section B, Line 11B

“A copy of the 990 is presented to the board of directors at the meeting prior to filing with IRS.”

Form 990, Part VI, Section C, Line 19

“Available upon request”

Filing and Contact Details

Filer

Filer Name
Eula Water Supply Corporation
EIN
75-1462384
Phone
3255293555
Address
5744 FM 603, Clyde, TX 79510

Signing Officer

Name
Bryan Farmer
Title
President
Signed
2025-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Compton
Formed
1972
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
3

Preparer

Firm
Merritt Mclane & Hamby Pc
Address
401 Cypress Street suite 303, Abilene, TX 79601
Preparer
Michael Hamby CPA
Phone
3256729323
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“New Memberships = $26000”

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Cost of Water Sold $658573”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Cost of Water Sold $658573”

Raw XML Appendix372 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/TitleTxt4Director
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IRS990/OtherRevenueMiscGrp/Desc2New Meter & Transfer Fees
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1172883
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt259750
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0129495
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1172883
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt259750
IRS990/OtherRevenueTotalAmt0398181
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0160885
IRS990/OtherSalariesAndWagesGrp/TotalAmt0160885
IRS990/OtherSourcesGrossIncomeAmt055928
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt012328
IRS990/PayrollTaxesGrp/TotalAmt012328
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011941
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030344
IRS990/PrincipalOfficerNm0Joe Compton
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt010278
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0580251
IRS990/PYOtherRevenueAmt0898598
IRS990/PYRevenuesLessExpensesAmt0165018
IRS990/PYSalariesCompEmpBnftPaidAmt0163607
IRS990/PYTotalExpensesAmt0743858
IRS990/PYTotalRevenueAmt0908876
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0398773
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0510228
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01047112
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt073463
IRS990ScheduleD/BuildingsGrp/DepreciationAmt042290
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0115753
IRS990ScheduleD/EquipmentGrp/BookValueAmt056564
IRS990ScheduleD/EquipmentGrp/DepreciationAmt040428
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt096992
IRS990ScheduleD/ExpensesNotReportedAmt0658573
IRS990ScheduleD/ExpensesSubtotalAmt0801720
IRS990ScheduleD/OtherExpensesIncludedAmt0658573
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01786735
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04227110
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06013845
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09847
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued expenses
IRS990ScheduleD/OtherRevenueAmt0658573
IRS990ScheduleD/RevenueNotReportedAmt0658573
IRS990ScheduleD/RevenueSubtotalAmt01200493
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Cost of Water Sold $658573
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Cost of Water Sold $658573
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01916762
IRS990ScheduleD/TotalExpensesPerForm990Amt0801720
IRS990ScheduleD/TotalLiabilityAmt09847
IRS990ScheduleD/TotalRevenuePerForm990Amt01200493
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01859066
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01460293
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization members are customers of the water supply corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of the 990 is presented to the board of directors at the meeting prior to filing with IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3New Memberships = $26000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03516186
IRS990/TotalAssetsEOYAmt03968500
IRS990/TotalAssetsGrp/BOYAmt03516186
IRS990/TotalAssetsGrp/EOYAmt03968500
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0801720
IRS990/TotalFunctionalExpensesGrp/TotalAmt0801720
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt058724
IRS990/TotalLiabilitiesEOYAmt086265
IRS990/TotalLiabilitiesGrp/BOYAmt058724
IRS990/TotalLiabilitiesGrp/EOYAmt086265
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03457462
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03882235
IRS990/TotalProgramServiceExpensesAmt0801720
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt055928
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01144565
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01200493
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03516186
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03968500
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Bryan Farmer
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Eula Water Supply Corporation
ReturnHeader/Filer/BusinessNameControlTxt0EULA
ReturnHeader/Filer/EIN0751462384
ReturnHeader/Filer/PhoneNum03255293555
ReturnHeader/Filer/USAddress/AddressLine1Txt05744 FM 603
ReturnHeader/Filer/USAddress/CityNm0Clyde
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079510
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474247422
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MERRITT MCLANE & HAMBY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0401 Cypress Street suite 303
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Abilene
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079601
ReturnHeader/PreparerPersonGrp/PhoneNum03256729323
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Hamby CPA
ReturnHeader/ReturnTs02025-05-01T11:45:44-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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