Civic Intelligence

Angus Water System Corporation

EIN 75-1865393 • 501(c)12 • Corsicana, TX

Corsicana, TX
Siviq Scores

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

Liabilities / Assets

66th percentile

0.19x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.30x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Net Margin

33rd percentile

-1.6%

Higher net margin than 33% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

501(c)12 • $500k-$1M nonprofits • Source year 2024

Asset Growth

37th percentile

-0.9%

Faster asset growth than 37% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

-3.6%

Faster revenue growth than 27% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets66th percentile

Assets

Down

$695,993

Down $6,333 (-0.9%) from 2023

Liabilities

Down

$129,063

Down $16,112 (-11%) from 2023

Net Assets

Up

$566,930

Up $9,779 (+1.8%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin33rd percentile

Revenue

Down

$424,613

Down $15,863 (-3.6%) from 2023

Expenses

Down

$431,315

Down $15,917 (-3.6%) from 2023

Net Income

Up

-$6,702

Up $54 (+0.8%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth37th percentile

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

$1.0M$500K$0Assets 2011: $941,876Liabilities 2011: $251,089Net Assets 2011: $690,7872011Assets 2012: $966,235Liabilities 2012: $244,485Net Assets 2012: $721,7502012Assets 2013: $978,028Liabilities 2013: $218,609Net Assets 2013: $759,4192013Assets 2014: $980,434Liabilities 2014: $207,582Net Assets 2014: $772,8522014Assets 2015: $976,878Liabilities 2015: $206,584Net Assets 2015: $770,2942015Assets 2016: $974,043Liabilities 2016: $194,895Net Assets 2016: $779,1482016Assets 2017: $958,915Liabilities 2017: $184,765Net Assets 2017: $774,1502017Assets 2018: $850,854Liabilities 2018: $180,729Net Assets 2018: $670,1252018Assets 2019: $788,994Liabilities 2019: $214,313Net Assets 2019: $574,6812019Assets 2020: $655,620Liabilities 2020: $161,792Net Assets 2020: $493,8282020Assets 2021: $633,976Liabilities 2021: $156,916Net Assets 2021: $477,0602021Assets 2022: $701,841Liabilities 2022: $151,656Net Assets 2022: $550,1852022Assets 2023: $702,326Liabilities 2023: $145,175Net Assets 2023: $557,1512023Assets 2024: $695,993Liabilities 2024: $129,063Net Assets 2024: $566,9302024

Highlighted filing

2024

Assets$695,993
Liabilities$129,063
Net Assets$566,930
Open 2024 Filing

Operations Trend

Revenue Growth27th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $293,781Expenses 2011: $278,014Net Income 2011: $15,7672011Revenue 2012: $280,310Expenses 2012: $254,243Net Income 2012: $26,0672012Revenue 2013: $277,715Expenses 2013: $252,181Net Income 2013: $25,5342013Revenue 2014: $286,894Expenses 2014: $276,161Net Income 2014: $10,7332014Revenue 2015: $272,375Expenses 2015: $279,003Net Income 2015: -$6,6282015Revenue 2016: $263,681Expenses 2016: $265,324Net Income 2016: -$1,6432016Revenue 2017: $255,781Expenses 2017: $267,181Net Income 2017: -$11,4002017Revenue 2018: $268,503Expenses 2018: $375,924Net Income 2018: -$107,4212018Revenue 2019: $281,457Expenses 2019: $386,080Net Income 2019: -$104,6232019Revenue 2020: $315,319Expenses 2020: $386,632Net Income 2020: -$71,3132020Revenue 2021: $343,981Expenses 2021: $395,754Net Income 2021: -$51,7732021Revenue 2022: $453,986Expenses 2022: $421,525Net Income 2022: $32,4612022Revenue 2023: $440,476Expenses 2023: $447,232Net Income 2023: -$6,7562023Revenue 2024: $424,613Expenses 2024: $431,315Net Income 2024: -$6,7022024

Highlighted filing

2024

Revenue$424,613
Expenses$431,315
Net Income-$6,702
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$695,993
Liabilities
$129,063
Net assets
$566,930
Revenue
$424,613
Expenses
$431,315
Net income
-$6,702
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.96$1.29$5.67$4.25$4.31$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.02$1.45$5.57$4.40$4.47$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.02$1.52$5.50$4.54$4.22$0.32
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.34$1.57$4.77$3.44$3.96$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.56$1.62$4.94$3.15$3.87$0.71
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.89$2.14$5.75$2.81$3.86$1.05
2018Summary only. Only limited summary data is available for this year.$8.51$1.81$6.70$2.69$3.76$1.07
2017Summary only. Only limited summary data is available for this year.$9.59$1.85$7.74$2.56$2.67$0.11
2016Summary only. Only limited summary data is available for this year.$9.74$1.95$7.79$2.64$2.65$0.02
2015Summary only. Only limited summary data is available for this year.$9.77$2.07$7.70$2.72$2.79$0.07
2014Summary only. Only limited summary data is available for this year.$9.80$2.08$7.73$2.87$2.76$0.11
2013Summary only. Only limited summary data is available for this year.$9.78$2.19$7.59$2.78$2.52$0.26
2012Summary only. Only limited summary data is available for this year.$9.66$2.44$7.22$2.80$2.54$0.26
2011Summary only. Only limited summary data is available for this year.$9.42$2.51$6.91$2.94$2.78$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 2, 2025
Return Version
2024v5.1
Gross Receipts
$424,613
Mission and Program Overview

Mission

Provide treated surface water to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$438,174$431,472▼ $6,702
Savings and Temporary Cash Investments$259,246$311,424▲ $52,178
Cash and Non-Interest-Bearing Accounts$181,809$174,527▼ $7,282
Land, Buildings, and Equipment, Net$204,128$161,840▼ $42,288
Pd in Cap Srpls Land Bldg Eqp Fund$118,977$135,458▲ $16,481
Accounts Receivable$33,698$35,122▲ $1,424
Other Notes and Loans Receivable, Net$18,000$8,000▼ $10,000
Prepaid Expenses and Deferred Charges$5,445$5,080▼ $365
Total Assets$702,326$695,993▼ $6,333
Liabilities
Mortgage Notes Payable Secured by Investment Property$123,560$113,268▼ $10,292
Accounts Payable and Accrued Expenses$21,615$15,795▼ $5,820
Total Liabilities$145,175$129,063▼ $16,112
Net Assets / Fund Balance
Total Net Assets Fund Balance$557,151$566,930▲ $9,779
Total Liabilities and Net Assets / Fund Balance$702,326$695,993▼ $6,333

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$42,618$34,220-
Land$8,538--
Equipment$110,684$971,201-
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Melinda GatewoodPresident
Lowell GrabauVice President
Christie LaseterDirector
Leora LealDirector
Liz SmithDirector
Margaret WardDirector
Patrick PattersonSecretarytreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$422,410
Investment Income
$2,203
Other Revenue
$0
Change in Net Assets
$-6,702
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$321,492
Salaries, Compensation, and Employee Benefits$109,823
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$214,671$2,657-$217,328
Other Salaries and Wages$61,344$40,606-$101,950
Depreciation Depletion$51,424--$51,424
Insurance$12,443$4,148-$16,591
Office Expenses$1,618$9,172-$10,790
Payroll Taxes$4,737$3,136-$7,873
Other Expenses$4,500$794-$5,294
Interest$5,201--$5,201
Fees for Services Accounting-$2,370-$2,370
Total Functional Expenses$366,049$65,266$0$431,315
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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

Members or stockholder classes and rights Part VI line 6

“The corporation is comprised of members who are customers of the water system.”

Member election for additional members Part VI line 7A

“The members elect the officers and board of directors.”

Form 990 governing body review Part VI line 11

“Form 990 is reviewed by the president & vp and then submitted to the board of directors for approval before filing with the u s treasury department.”

Governing documents etc available to public Part VI line 19

“Governing documents, conflict of interest policy and financial statements are maintained in the office for review by the public during the year.”

Filing and Contact Details

Filer

Filer Name
Angus Water Supply Corporation
EIN
75-1865393
In Care Of
% MELINDA GATEWOOD
Phone
9038746773
Address
212 FM 739, CORSICANA, TX 75109

Signing Officer

Name
Melinda Gatewood
Title
President
Phone
9038746773
Signed
2025-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melinda Gatewood
Formed
1962
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
0
Employees
3

Preparer

Firm
Sharon L Mahoney CPA
Address
114 WEST 5TH AVENUE, CORSICANA, TX 75110
Preparer
Sharon L Mahoney
Phone
9038747428
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Increase in capital 16,481”

List of other expenses Part IX line 24E

“Auto expense 3,099.repairs & maintenance 11,762. Lab samples 1,579. Water purchased 124,663.outside services 33,945.supplies 32,477. Postage & freight 4,343.fees 2,219.training 1,775.miscellaneous 972.bad debt 494.total 217,328.”

Raw XML Appendix364 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/ProgramServiceRevenueGrp/Desc0METERED WATER SALES
IRS990/ProgramServiceRevenueGrp/Desc1LATE CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2METER INSTALLATION FEES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0385552
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112714
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt312144
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0385552
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112714
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt312144
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt02534
IRS990/PYOtherExpensesAmt0357371
IRS990/PYProgramServiceRevenueAmt0437942
IRS990/PYRevenuesLessExpensesAmt0-6756
IRS990/PYSalariesCompEmpBnftPaidAmt089861
IRS990/PYTotalExpensesAmt0447232
IRS990/PYTotalRevenueAmt0440476
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-6702
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0438174
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0431472
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0259246
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0311424
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt042618
IRS990ScheduleD/BuildingsGrp/DepreciationAmt034220
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt076838
IRS990ScheduleD/EquipmentGrp/BookValueAmt0110684
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0971201
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01081885
IRS990ScheduleD/LandGrp/BookValueAmt08538
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt08538
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0161840
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS COMPRISED OF MEMBERS WHO ARE CUSTOMERS OF THE WATER SYSTEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS ELECT THE OFFICERS AND BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE PRESIDENT & VP AND THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL BEFORE FILING WITH THE U S TREASURY DEPARTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE OFFICE FOR REVIEW BY THE PUBLIC DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INCREASE IN CAPITAL 16,481
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AUTO EXPENSE 3,099.REPAIRS & MAINTENANCE 11,762. LAB SAMPLES 1,579. WATER PURCHASED 124,663.OUTSIDE SERVICES 33,945.SUPPLIES 32,477. POSTAGE & FREIGHT 4,343.FEES 2,219.TRAINING 1,775.MISCELLANEOUS 972.BAD DEBT 494.TOTAL 217,328.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0702326
IRS990/TotalAssetsEOYAmt0695993
IRS990/TotalAssetsGrp/BOYAmt0702326
IRS990/TotalAssetsGrp/EOYAmt0695993
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065266
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0366049
IRS990/TotalFunctionalExpensesGrp/TotalAmt0431315
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0145175
IRS990/TotalLiabilitiesEOYAmt0129063
IRS990/TotalLiabilitiesGrp/BOYAmt0145175
IRS990/TotalLiabilitiesGrp/EOYAmt0129063
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0557151
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0566930
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0366049
IRS990/TotalProgramServiceRevenueAmt0422410
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0424613
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0424613
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0702326
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0695993
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0330 SW CR 0020
IRS990/USAddress/CityNm0CORSICANA
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075110
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MELINDA GATEWOOD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09038746773
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ANGUS WATER SUPPLY CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0ANGU
ReturnHeader/Filer/EIN0751865393
ReturnHeader/Filer/InCareOfNm0% MELINDA GATEWOOD
ReturnHeader/Filer/PhoneNum09038746773
ReturnHeader/Filer/USAddress/AddressLine1Txt0212 FM 739
ReturnHeader/Filer/USAddress/CityNm0CORSICANA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075109
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752472233
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHARON L MAHONEY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0114 WEST 5TH AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORSICANA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075110
ReturnHeader/PreparerPersonGrp/PhoneNum09038747428
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARON L MAHONEY
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-14T10:52:51-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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