Civic Intelligence

Rch Water Supply Corporation

EIN 75-1640836 • 501(c)12 • Rockwall, TX

Profile

Rch furnishes a water supply to individuals residing in the rural community of rockwall, texas, and the surrounding rural areas. Rch servesapproximately 3,000 members. It owns a pump station, water tower and storage facilities at a single site north of its system.

PO Box 2318Rockwall, TX 75087

rchwater.myruralwater.com

Siviq Scores

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

Liabilities / Assets

77th percentile

0.59x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

15.10x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Source year 2024

Net Margin

2nd percentile

-38%

Higher net margin than 2% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

36th percentile

$185,305

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 14.5% of source-year revenue.

501(c)12 • $25M-$50M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

$32,768,837

No earlier filing loaded for comparison.

Liabilities

$19,308,140

No earlier filing loaded for comparison.

Net Assets

$13,460,697

No earlier filing loaded for comparison.

Revenue

$1,278,651

No earlier filing loaded for comparison.

Expenses

$1,766,174

No earlier filing loaded for comparison.

Net Income

-$487,523

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2024: $32,768,837Liabilities 2024: $19,308,140Net Assets 2024: $13,460,6972024

Highlighted filing

2024

Assets$32,768,837
Liabilities$19,308,140
Net Assets$13,460,697

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2024: $1,278,651Expenses 2024: $1,766,174Net Income 2024: -$487,5232024

Highlighted filing

2024

Revenue$1,278,651
Expenses$1,766,174
Net Income-$487,523

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 22, 2024 to Dec 31, 2024
Signed
Jul 11, 2025
Return Version
2024v5.2
Gross Receipts
$1,278,651
Mission and Program Overview

Mission

Rch furnishes a water supply to individuals residing in the rural community of rockwall, texas, and the surrounding rural areas. Rch servesapproximately 3,000 members. It owns a pump station, water tower and storage facilities at a single site north of its system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$11,715,061▲ $11,715,061
Cash and Non-Interest-Bearing Accounts-$2,022,492-
Savings and Temporary Cash Investments-$655,613-
Accounts Receivable-$348,896-
Inventories for Sale or Use-$175,000-
Prepaid Expenses and Deferred Charges-$59,631-
Total Assets$0$32,768,837▲ $32,768,837
Other Assets Total$0$17,792,144▲ $17,792,144
Liabilities
Unsecured Notes Loans Payable-$18,116,000-
Accounts Payable and Accrued Expenses-$1,192,140-
Total Liabilities$0$19,308,140▲ $19,308,140
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$13,460,697-
Total Net Assets Fund Balance$0$13,460,697▲ $13,460,697
Total Liabilities and Net Assets / Fund Balance$0$32,768,837▲ $32,768,837

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,640,621$21,190,358$26,830,979
Land$4,627,027-$4,627,027
Equipment$1,308,458-$1,308,458
Other Land Buildings$138,955$40,459$179,414
Other Assets Org$17,792,144--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robin MayallChief Executive OfficerFT$176,058$9,247$185,305

Board Members and Trustees

NameTitle
David NaylorPresident
Terry PreuningerVice President
Chris GeorgeDirector
Jamie KinneyDirector
Geoffrey KempTreasurer/secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
James D Bradbury PllcLegal Services9111 JOLLYVILLE RD STE 220, Austin, TX 78759$503,841
Whitley Penn LLPAccounting Services640 TAYLOR ST STE 2200, Fort Worth, TX 76102$318,871
Dentons US LLPLegal Services233 S WACKER DR STE 5900, Chicago, IL 60606$220,991
Mid Cimarron Utility Supply CoEquipment Installation900 S PENNSYLVANIA AVE, Guthrie, OK 73044$146,046
Revenue and Support

Revenue Composition

Contributions and Grants
$77,250
Program Service Revenue
$1,162,651
Investment Income
$38,750
Other Revenue
$0
Change in Net Assets
$-487,523

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,278,651
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,405,355
Total Revenue per Audited Statements
$4,684,006
Total Revenue per Form 990
$1,278,651
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,578,986
Salaries, Compensation, and Employee Benefits$187,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal---$327,310
Interest---$246,210
Depreciation Depletion---$217,252
Other Salaries and Wages---$89,115
Fees for Services Accounting---$79,810
Fees for Services Other---$48,895
Payroll Taxes---$44,878
Occupancy---$34,535
Current Officers, Directors, Trustees, and Key Employees---$31,694
All Other Expenses---$27,160
Other Employee Benefits---$18,134
Other Expenses---$11,472
Insurance---$7,819
Office Expenses---$4,405
Pension Plan Contributions---$3,367
Total Functional Expenses$0$0$0$1,766,174

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,962,351
Expenses Not Reported on Form 990$5,196,177
Expenses per Audited Statements$1,766,174
Total Expenses per Form 990$1,766,174
Expenses Not Reported on Financial Statements$0
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 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
Yes
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 11B

The tax return is reviewed in detail and approved by the board. Prior to the return being filed a copy is provided to the governing body.

Form 990, Part VI, Section B, Line 12C

The organization regularly and consistenly monitors and enforces compliance with the conflict of interest policy.

Form 990, Part VI, Section C, Line 19

All documents are available to the public upon request.

PART VII, SECTION A AND B:

Part vii, section a and b of this short year return reflect a full year's wages to employees and fees to independent contractors. While the organization existed for all of 2024, it was a tax-exempt organization beginning october 22, 2024.

Filing and Contact Details

Filer

Filer Name
Rch Water Supply Corporation
EIN
75-1640836
Phone
2547761999
Address
PO BOX 2318, ROCKWALL, TX 75087

Signing Officer

Name
Robin Mayall
Title
Chief Executive Officer
Phone
2547761999
Signed
2025-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robin Mayall
Formed
1961
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
4
Volunteers
0

Preparer

Firm
Whitley Penn Llp
Address
640 TAYLOR STREET SUITE 2200, FT WORTH, TX 76102
Preparer
Emily Landry
Phone
8172599100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

The audit process started in the current year.

FORM 990, PART XI, LINE 5:

Transfer of $15,739,042 of net assets from the corporation to the tax-exempt organization.

Financial Statement Notes

PART X, LINE 2:

The company is subject to federal income tax and state margin tax (which is treated as an income tax). Tax expense includes federal taxes currently payable, deferred taxes arising from temporary differences between income for financial reporting and income tax purposes, and the state margin tax. In accordance with asc 740-10 fasb interpretation (fin) 48, accounting for uncertainty in income taxes, management evaluated the company's tax positions. It concluded that the company had taken no uncertain tax positions that required adjustment to the financial statements to comply with the provisions of this guidance. The company is no longer subject to income tax examinations by the u.s. Federal, state, or local tax authorities, with few exceptions for any tax filings before the three most recent filings. The company accounts for interest and penalties related to uncertain tax positions as part of its income tax provision. For the year ended december 31, 2024, the company expensed $79,342 of taxes, interest, and penalties, which is reflected in income tax on the statement of operations. The company filed for tax exemption status in october 2024. As of the date of issuance, the company is waiting for the internal revenue service (irs) to approve the status.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Income reported on form 1120 3,405,355.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses reported on form 1120 5,196,177.

Raw XML Appendix375 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS SUBJECT TO FEDERAL INCOME TAX AND STATE MARGIN TAX (WHICH IS TREATED AS AN INCOME TAX). TAX EXPENSE INCLUDES FEDERAL TAXES CURRENTLY PAYABLE, DEFERRED TAXES ARISING FROM TEMPORARY DIFFERENCES BETWEEN INCOME FOR FINANCIAL REPORTING AND INCOME TAX PURPOSES, AND THE STATE MARGIN TAX. IN ACCORDANCE WITH ASC 740-10 FASB INTERPRETATION (FIN) 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT EVALUATED THE COMPANY'S TAX POSITIONS. IT CONCLUDED THAT THE COMPANY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE COMPANY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES, WITH FEW EXCEPTIONS FOR ANY TAX FILINGS BEFORE THE THREE MOST RECENT FILINGS. THE COMPANY ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS PART OF ITS INCOME TAX PROVISION. FOR THE YEAR ENDED DECEMBER 31, 2024, THE COMPANY EXPENSED $79,342 OF TAXES, INTEREST, AND PENALTIES, WHICH IS REFLECTED IN INCOME TAX ON THE STATEMENT OF OPERATIONS. THE COMPANY FILED FOR TAX EXEMPTION STATUS IN OCTOBER 2024. AS OF THE DATE OF ISSUANCE, THE COMPANY IS WAITING FOR THE INTERNAL REVENUE SERVICE (IRS) TO APPROVE THE STATUS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCOME REPORTED ON FORM 1120 3,405,355.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EXPENSES REPORTED ON FORM 1120 5,196,177.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011715061
IRS990ScheduleD/TotalBookValueOtherAssetsAmt017792144
IRS990ScheduleD/TotalExpensesPerForm990Amt01766174
IRS990ScheduleD/TotalRevenuePerForm990Amt01278651
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04684006
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06962351
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0176058
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt09247
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBIN MAYALL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0185305
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS REVIEWED IN DETAIL AND APPROVED BY THE BOARD. PRIOR TO THE RETURN BEING FILED A COPY IS PROVIDED TO THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REGULARLY AND CONSISTENLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE AUDIT PROCESS STARTED IN THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRANSFER OF $15,739,042 OF NET ASSETS FROM THE CORPORATION TO THE TAX-EXEMPT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PART VII, SECTION A AND B OF THIS SHORT YEAR RETURN REFLECT A FULL YEAR'S WAGES TO EMPLOYEES AND FEES TO INDEPENDENT CONTRACTORS. WHILE THE ORGANIZATION EXISTED FOR ALL OF 2024, IT WAS A TAX-EXEMPT ORGANIZATION BEGINNING OCTOBER 22, 2024.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 5:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VII, SECTION A AND B:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt032768837
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt032768837
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt077250
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/TotalAmt01766174
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt019308140
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt019308140
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013460697
IRS990/TotalOtherCompensationAmt09247
IRS990/TotalProgramServiceRevenueAmt01162651
IRS990/TotalReportableCompFromOrgAmt0176058
IRS990/TotalRevenueGrp/ExclusionAmt038750
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01162651
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01278651
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt032768837
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt018116000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 2318
IRS990/USAddress/CityNm0ROCKWALL
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075087
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0RCHWATER.MYRURALWATER.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBIN MAYALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF EXECUTIVE OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum02547761999
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RCH WATER SUPPLY CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0RCHW
ReturnHeader/Filer/EIN0751640836
ReturnHeader/Filer/PhoneNum02547761999
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2318
ReturnHeader/Filer/USAddress/CityNm0ROCKWALL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075087
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752393478
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITLEY PENN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0640 TAYLOR STREET SUITE 2200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FT WORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076102
ReturnHeader/PreparerPersonGrp/PhoneNum08172599100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EMILY LANDRY
ReturnHeader/ReturnTs02025-07-30T08:33:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-10-22
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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