Civic Intelligence

R-M-S Water Supply Corporation

EIN 75-2223232 • 501(c)12 • Riesel, TX

Profile

Supply water service to rural customers

P O Box 249Riesel, TX 76682

none

Siviq Scores

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

Liabilities / Assets

97th percentile

1.75x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

3.14x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2020

Net Margin

80th percentile

28%

Higher net margin than 80% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2020

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

501(c)12 • <$500k nonprofits • Source year 2020

Asset Growth

53rd percentile

0.8%

Faster asset growth than 53% of similar nonprofits.

501(c)12 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

72nd percentile

14%

Faster revenue growth than 72% of similar nonprofits.

501(c)12 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$191,343

Up $1,459 (+0.8%) from 2019

Liabilities

Down

$334,039

Down $27,836 (-7.7%) from 2019

Net Assets

Up

-$142,696

Up $29,295 (+17%) from 2019

Revenue

Up

$106,445

Up $12,679 (+14%) from 2019

Expenses

Up

$77,150

Up $5,692 (+8.0%) from 2019

Net Income

Up

$29,295

Up $6,987 (+31%) from 2019

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $204,209Liabilities 2010: $551,196Net Assets 2010: -$346,9872010Assets 2011: $184,999Liabilities 2011: $534,730Net Assets 2011: -$349,7312011Assets 2012: $170,024Liabilities 2012: $517,273Net Assets 2012: -$347,2492012Assets 2013: $183,363Liabilities 2013: $498,767Net Assets 2013: -$315,4042013Assets 2014: $182,291Liabilities 2014: $479,149Net Assets 2014: -$296,8582014Assets 2015: $185,660Liabilities 2015: $458,352Net Assets 2015: -$272,6922015Assets 2016: $187,672Liabilities 2016: $436,305Net Assets 2016: -$248,6332016Assets 2017: $189,987Liabilities 2017: $412,932Net Assets 2017: -$222,9452017Assets 2018: $193,839Liabilities 2018: $388,138Net Assets 2018: -$194,2992018Assets 2019: $189,884Liabilities 2019: $361,875Net Assets 2019: -$171,9912019Assets 2020: $191,343Liabilities 2020: $334,039Net Assets 2020: -$142,6962020

Highlighted filing

2020

Assets$191,343
Liabilities$334,039
Net Assets-$142,696

Operations Trend

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

$150K$100K$50K$0Expenses 2010: $118,4142010Expenses 2011: $106,6152011Expenses 2012: $89,8962012Revenue 2013: $109,213Expenses 2013: $77,368Net Income 2013: $31,8452013Revenue 2014: $104,780Expenses 2014: $86,234Net Income 2014: $18,5462014Revenue 2015: $93,379Expenses 2015: $69,213Net Income 2015: $24,1662015Revenue 2016: $91,956Expenses 2016: $67,897Net Income 2016: $24,0592016Revenue 2017: $92,811Expenses 2017: $67,123Net Income 2017: $25,6882017Revenue 2018: $101,491Expenses 2018: $72,845Net Income 2018: $28,6462018Revenue 2019: $93,766Expenses 2019: $71,458Net Income 2019: $22,3082019Revenue 2020: $106,445Expenses 2020: $77,150Net Income 2020: $29,2952020

Highlighted filing

2020

Revenue$106,445
Expenses$77,150
Net Income$29,295

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 14, 2021
Return Version
2020v4.0
Gross Receipts
$106,445
Mission and Program Overview

Mission

Supply water service to rural customers

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$97,337$98,285▲ $948
Land, Buildings, and Equipment, Net$74,465$64,675▼ $9,790
Cash and Non-Interest-Bearing Accounts$13,068$19,889▲ $6,821
Prepaid Expenses and Deferred Charges$5,014$8,494▲ $3,480
Total Assets$189,884$191,343▲ $1,459
Liabilities
Other Liabilities$361,048$333,261▼ $27,787
Accounts Payable and Accrued Expenses$827$778▼ $49
Total Liabilities$361,875$334,039▼ $27,836
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-171,991$-142,696▲ $29,295
Total Net Assets Fund Balance$-171,991$-142,696▲ $29,295
Total Liabilities and Net Assets / Fund Balance$189,884$191,343▲ $1,459

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$60,460$1,096,560$1,157,020
Land$4,215-$4,215
Compensation and Service Providers

Board Members and Trustees

NameTitle
David WrenPresident
Loreen PullyDirector
Mary DunnTreasurer
Phyllis KosterTreasurer
Kevin HoggVP
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$105,498
Investment Income
$947
Other Revenue
$0
Change in Net Assets
$29,295
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,150
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$20,308
Depreciation Depletion---$9,790
Insurance---$9,750
Fees for Services Accounting---$2,875
Other Expenses---$733
All Other Expenses---$455
Office Expenses---$129
Total Functional Expenses$0$0$0$77,150
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fha Loan$333,261
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
R-m-s Water Supply Corporation
EIN
75-2223232
Address
P O BOX 249, RIESEL, TX 76682

Signing Officer

Name
David Wren
Title
President
Signed
2021-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Wren
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Mary L Needler Pc
Address
200 W HIGHWAY 6 STE 608, WACO, TX 76712
Preparer
Mary Needler
Phone
2547419425
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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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