Civic Intelligence

Corbet Water Supply Corporation

EIN 75-1986004 • 501(c)12 • Corsicana, TX

Profile

To provide water service to rural communities

1724 Fm 2452Corsicana, TX 75110

n/A

Siviq Scores

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

Liabilities / Assets

64th percentile

0.33x

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

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

Liabilities / Revenue

41st percentile

0.38x

Higher debt load relative to revenue than 41% of similar nonprofits.

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

Net Margin

77th percentile

25%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

95th percentile

$82,669

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

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

Asset Growth

97th percentile

97%

Faster asset growth than 97% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

48%

Faster revenue growth than 89% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,233,736

Up $1,102,449 (+97%) from 2023

Liabilities

Up

$746,468

Up $618,562 (+484%) from 2023

Net Assets

Up

$1,487,268

Up $483,887 (+48%) from 2023

Revenue

Up

$1,964,527

Up $637,227 (+48%) from 2023

Expenses

Up

$1,480,640

Up $204,905 (+16%) from 2023

Net Income

Up

$483,887

Up $432,322 (+838%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $0Liabilities 2011: $0Net Assets 2011: $02011Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012Assets 2013: $1,080,431Liabilities 2013: $155,424Net Assets 2013: $925,0072013Assets 2014: $1,022,522Liabilities 2014: $161,840Net Assets 2014: $860,6822014Assets 2015: $1,108,914Liabilities 2015: $300,575Net Assets 2015: $808,3392015Assets 2016: $1,074,363Liabilities 2016: $267,960Net Assets 2016: $806,4032016Assets 2017: $1,151,327Liabilities 2017: $230,429Net Assets 2017: $920,8982017Assets 2018: $1,052,369Liabilities 2018: $195,667Net Assets 2018: $856,7022018Assets 2019: $1,031,891Liabilities 2019: $160,131Net Assets 2019: $871,7602019Assets 2020: $975,449Liabilities 2020: $129,141Net Assets 2020: $846,3082020Assets 2021: $904,852Liabilities 2021: $216,054Net Assets 2021: $688,7982021Assets 2022: $1,075,064Liabilities 2022: $123,248Net Assets 2022: $951,8162022Assets 2023: $1,131,287Liabilities 2023: $127,906Net Assets 2023: $1,003,3812023Assets 2024: $2,233,736Liabilities 2024: $746,468Net Assets 2024: $1,487,2682024

Highlighted filing

2024

Assets$2,233,736
Liabilities$746,468
Net Assets$1,487,268

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $371,4012011Expenses 2012: $381,9542012Revenue 2013: $699,024Expenses 2013: $698,063Net Income 2013: $9612013Revenue 2014: $689,612Expenses 2014: $753,937Net Income 2014: -$64,3252014Revenue 2015: $715,693Expenses 2015: $768,036Net Income 2015: -$52,3432015Revenue 2016: $681,270Expenses 2016: $683,206Net Income 2016: -$1,9362016Revenue 2017: $782,802Expenses 2017: $668,307Net Income 2017: $114,4952017Revenue 2018: $766,192Expenses 2018: $830,388Net Income 2018: -$64,1962018Revenue 2019: $787,543Expenses 2019: $772,485Net Income 2019: $15,0582019Revenue 2020: $853,217Expenses 2020: $878,669Net Income 2020: -$25,4522020Revenue 2021: $701,030Expenses 2021: $858,540Net Income 2021: -$157,5102021Revenue 2022: $1,499,605Expenses 2022: $1,236,587Net Income 2022: $263,0182022Revenue 2023: $1,327,300Expenses 2023: $1,275,735Net Income 2023: $51,5652023Revenue 2024: $1,964,527Expenses 2024: $1,480,640Net Income 2024: $483,8872024

Highlighted filing

2024

Revenue$1,964,527
Expenses$1,480,640
Net Income$483,887

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.75$1.49$1.96$1.48$0.48
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.13$1.00$1.33$1.28$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.08$0.12$0.95$1.50$1.24$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.22$0.69$0.70$0.86$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.13$0.85$0.85$0.88$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.16$0.87$0.79$0.77$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.05$0.20$0.86$0.77$0.83$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.15$0.23$0.92$0.78$0.67$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.07$0.27$0.81$0.68$0.68$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.30$0.81$0.72$0.77$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.02$0.16$0.86$0.69$0.75$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.08$0.16$0.93$0.70$0.70$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,964,527
Mission and Program Overview

Mission

To provide water service to rural communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$148,611$1,354,900▲ $1,206,289
Rtn Earn Endowment Incm Other Fnds$753,381$1,237,268▲ $483,887
Land, Buildings, and Equipment, Net$776,412$723,457▼ $52,955
Pd in Cap Srpls Land Bldg Eqp Fund$250,000$250,000→ $0
Savings and Temporary Cash Investments$206,264$155,379▼ $50,885
Accounts Receivable-$0-
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,131,287$2,233,736▲ $1,102,449
Other Assets Total-$0-
Liabilities
Other Liabilities$8,764$627,443▲ $618,679
Mortgage Notes Payable Secured by Investment Property$119,142$119,025▼ $117
Total Liabilities$127,906$746,468▲ $618,562
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,003,381$1,487,268▲ $483,887
Total Liabilities and Net Assets / Fund Balance$1,131,287$2,233,736▲ $1,102,449

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$341,235$934,441$1,275,676
Equipment$254,006$705,299$959,305
Leasehold Improvements$96,474$94,619$191,093
Land$31,742-$31,742
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David WeinkaufManagerFT$82,669$82,669

Board Members and Trustees

NameTitle
Oran HowellPresident
Virginia ReedVice President
David MatthewsBoard Member
George SatskyBoard Member
Jonathan CalameBoard Member
Wally PawlowskiBoard Member
De Renda PhillipsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,957,446
Investment Income
$7,081
Other Revenue
$0
Change in Net Assets
$483,887
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,048,548
Salaries, Compensation, and Employee Benefits$432,092
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$317,861--$317,861
Depreciation Depletion$108,934--$108,934
Current Officers, Directors, Trustees, and Key Employees$82,669--$82,669
Insurance$66,228--$66,228
Occupancy$56,910--$56,910
Other Expenses$45,358--$45,358
Office Expenses$39,914--$39,914
All Other Expenses$29,022--$29,022
Payroll Taxes$28,577--$28,577
Fees for Services Accounting$18,903--$18,903
Fees for Services Legal$17,009--$17,009
Other Employee Benefits$2,985--$2,985
Travel$2,423--$2,423
Total Functional Expenses$1,480,640$0$0$1,480,640
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
Easement Payable$593,310
Legal Fees Payable$31,038
Payroll Taxes$3,095
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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 is governed by elected members of the cwsc

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

The board will be presented with a copy of the 990.

Form 990, Part VI, Section C, Line 19

Necessary documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Corbet Water Supply Corporation
EIN
75-1986004
Phone
9038744821
Address
1724 FM 2452, CORSICANA, TX 75110

Signing Officer

Name
Oran Howell
Title
President
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
11

Preparer

Firm
Blackwell & Presley CPAs PLLC
Address
100 S 15th Street, Corsicana, TX 75110
Preparer
Phillip Presley CPA
Phone
9038741040
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.

Path#Value
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IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd075110
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IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt028577
IRS990/PayrollTaxesGrp/TotalAmt028577
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0250000
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0250000
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0WATER REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01957446
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01957446
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt010163
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0951164
IRS990/PYProgramServiceRevenueAmt01317137
IRS990/PYRevenuesLessExpensesAmt051565
IRS990/PYSalariesCompEmpBnftPaidAmt0324571
IRS990/PYTotalExpensesAmt01275735
IRS990/PYTotalRevenueAmt01327300
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0483887
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01957446
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0753381
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01237268
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0206264
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0155379
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0341235
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0934441
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01275676
IRS990ScheduleD/EquipmentGrp/BookValueAmt0254006
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0705299
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0959305
IRS990ScheduleD/LandGrp/BookValueAmt031742
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt031742
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt096474
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt094619
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0191093
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0593310
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt131038
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23095
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0EASEMENT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEGAL FEES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL TAXES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0723457
IRS990ScheduleD/TotalLiabilityAmt0627443
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION IS GOVERNED BY ELECTED MEMBERS OF THE CWSC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD WILL BE PRESENTED WITH A COPY OF THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NECESSARY DOCUMENTS ARE AVAILABLE UPON REQUEST.
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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01131287
IRS990/TotalAssetsEOYAmt02233736
IRS990/TotalAssetsGrp/BOYAmt01131287
IRS990/TotalAssetsGrp/EOYAmt02233736
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01480640
IRS990/TotalFunctionalExpensesGrp/TotalAmt01480640
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0127906
IRS990/TotalLiabilitiesEOYAmt0746468
IRS990/TotalLiabilitiesGrp/BOYAmt0127906
IRS990/TotalLiabilitiesGrp/EOYAmt0746468
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01003381
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01487268
IRS990/TotalProgramServiceExpensesAmt01480640
IRS990/TotalProgramServiceRevenueAmt01957446
IRS990/TotalReportableCompFromOrgAmt082669
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01964527
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01964527
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01131287
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02233736
IRS990/TravelGrp/ProgramServicesAmt02423
IRS990/TravelGrp/TotalAmt02423
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01724 FM 2452
IRS990/USAddress/CityNm0CORSICANA
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075110
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ORAN HOWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CORBET WATER SUPPLY CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CORB
ReturnHeader/Filer/EIN0751986004
ReturnHeader/Filer/PhoneNum09038744821
ReturnHeader/Filer/USAddress/AddressLine1Txt01724 FM 2452
ReturnHeader/Filer/USAddress/CityNm0CORSICANA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075110
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461159032
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Blackwell & Presley CPAs PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 S 15th Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Corsicana
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075110
ReturnHeader/PreparerPersonGrp/PhoneNum09038741040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Phillip Presley CPA
ReturnHeader/ReturnTs02025-11-17T11:20:49-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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