Civic Intelligence

Hagerman Irrigation Company

EIN 85-0040210 • 501(c)12 • Hagerman, NM

Profile

Delivery of water services to rural area members.

213 N Oxford AveHagerman, NM 88232

n/A

Siviq Scores

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

Liabilities / Assets

31st percentile

0.06x

Higher debt load relative to assets than 31% of similar nonprofits.

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

Liabilities / Revenue

39th percentile

0.35x

Higher debt load relative to revenue than 39% of similar nonprofits.

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

Net Margin

81st percentile

29%

Higher net margin than 81% of similar nonprofits.

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

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

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

Asset Growth

48th percentile

0.7%

Faster asset growth than 48% of similar nonprofits.

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

Revenue Growth

39th percentile

1.7%

Faster revenue growth than 39% of similar nonprofits.

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

Assets

Up

$4,741,869

Up $33,190 (+0.7%) from 2023

Liabilities

Down

$301,839

Down $220,896 (-42%) from 2023

Net Assets

Up

$4,440,030

Up $254,086 (+6.1%) from 2023

Revenue

Up

$870,190

Up $14,712 (+1.7%) from 2023

Expenses

Down

$616,104

Down $108,037 (-15%) from 2023

Net Income

Up

$254,086

Up $122,749 (+93%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,811,231Liabilities 2011: $40,756Net Assets 2011: $4,770,4752011Assets 2012: $4,783,283Liabilities 2012: $82,927Net Assets 2012: $4,700,3562012Assets 2013: $4,776,882Liabilities 2013: $95,542Net Assets 2013: $4,681,3402013Assets 2014: $4,858,950Liabilities 2014: $192,131Net Assets 2014: $4,666,8192014Assets 2015: $4,731,197Liabilities 2015: $90,485Net Assets 2015: $4,640,7122015Assets 2016: $4,977,637Liabilities 2016: $616,871Net Assets 2016: $4,360,7662016Assets 2017: $4,905,981Liabilities 2017: $654,356Net Assets 2017: $4,251,6252017Assets 2018: $4,817,707Liabilities 2018: $602,509Net Assets 2018: $4,215,1982018Assets 2019: $4,726,441Liabilities 2019: $438,485Net Assets 2019: $4,287,9562019Assets 2020: $4,933,606Liabilities 2020: $617,257Net Assets 2020: $4,316,3492020Assets 2021: $4,809,726Liabilities 2021: $655,798Net Assets 2021: $4,153,9282021Assets 2022: $4,723,744Liabilities 2022: $669,137Net Assets 2022: $4,054,6072022Assets 2023: $4,708,679Liabilities 2023: $522,735Net Assets 2023: $4,185,9442023Assets 2024: $4,741,869Liabilities 2024: $301,839Net Assets 2024: $4,440,0302024

Highlighted filing

2024

Assets$4,741,869
Liabilities$301,839
Net Assets$4,440,030

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $581,056Expenses 2011: $561,498Net Income 2011: $19,5582011Expenses 2012: $571,1622012Expenses 2013: $534,3152013Revenue 2014: $543,517Expenses 2014: $558,038Net Income 2014: -$14,5212014Revenue 2015: $472,019Expenses 2015: $498,126Net Income 2015: -$26,1072015Revenue 2016: $568,746Expenses 2016: $799,982Net Income 2016: -$231,2362016Revenue 2017: $508,692Expenses 2017: $624,613Net Income 2017: -$115,9212017Revenue 2018: $529,439Expenses 2018: $565,866Net Income 2018: -$36,4272018Revenue 2019: $575,608Expenses 2019: $502,850Net Income 2019: $72,7582019Revenue 2020: $580,955Expenses 2020: $552,562Net Income 2020: $28,3932020Revenue 2021: $503,918Expenses 2021: $666,339Net Income 2021: -$162,4212021Revenue 2022: $610,339Expenses 2022: $709,660Net Income 2022: -$99,3212022Revenue 2023: $855,478Expenses 2023: $724,141Net Income 2023: $131,3372023Revenue 2024: $870,190Expenses 2024: $616,104Net Income 2024: $254,0862024

Highlighted filing

2024

Revenue$870,190
Expenses$616,104
Net Income$254,086

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.74$0.30$4.44$0.87$0.62$0.25
2023Summary only. Only limited summary data is available for this year.$4.71$0.52$4.19$0.86$0.72$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.72$0.67$4.05$0.61$0.71$0.10
2021Summary only. Only limited summary data is available for this year.$4.81$0.66$4.15$0.50$0.67$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.93$0.62$4.32$0.58$0.55$0.03
2019Summary only. Only limited summary data is available for this year.$4.73$0.44$4.29$0.58$0.50$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.82$0.60$4.22$0.53$0.57$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.91$0.65$4.25$0.51$0.62$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.98$0.62$4.36$0.57$0.80$0.23
2015Detailed filing. Detailed filing data is available for this year.$4.73$0.09$4.64$0.47$0.50$0.03
2014Detailed filing. Detailed filing data is available for this year.$4.86$0.19$4.67$0.54$0.56$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.78$0.10$4.68$0.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.78$0.08$4.70$0.57
2011Summary only. Only limited summary data is available for this year.$4.81$0.04$4.77$0.58$0.56$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 1, 2023 to Nov 30, 2024
Signed
Jun 23, 2025
Return Version
2023v6.0
Gross Receipts
$870,190
Mission and Program Overview

Mission

Delivery of water to rural area member

Delivery of water to rural area members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,646,942$4,646,202▼ $740
Pd in Cap Srpls Land Bldg Eqp Fund$4,500,000$4,500,000→ $0
Cash and Non-Interest-Bearing Accounts$9,465$75,338▲ $65,873
Cap Stk Tr Prin Current Funds$18,052$18,052→ $0
Accounts Receivable$49,882$17,607▼ $32,275
Prepaid Expenses and Deferred Charges$1,390$1,722▲ $332
Investments Other Securities$1,000$1,000→ $0
Rtn Earn Endowment Incm Other Fnds$-332,108$-78,022▲ $254,086
Total Assets$4,708,679$4,741,869▲ $33,190
Liabilities
Mortgage Notes Payable Secured by Investment Property$322,275$247,986▼ $74,289
Accounts Payable and Accrued Expenses$45,942$42,583▼ $3,359
Other Liabilities$154,518$11,270▼ $143,248
Total Liabilities$522,735$301,839▼ $220,896
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,185,944$4,440,030▲ $254,086
Total Liabilities and Net Assets / Fund Balance$4,708,679$4,741,869▲ $33,190

Asset Categories

AssetBook ValueDepreciationBasis
Land$4,500,500-$4,500,500
Buildings$88,922$709,907$798,829
Equipment$56,780$230,245$287,025
Compensation and Service Providers

Board Members and Trustees

NameTitle
David SterrettPresident
Justin MunsonVice President
Scott BogleDirector
Tim DurandDirector
Wesley PilleySec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$860,712
Investment Income
$2,508
Other Revenue
$6,970
Change in Net Assets
$254,086
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$465,271
Salaries, Compensation, and Employee Benefits$150,833
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons---$139,136
Depreciation Depletion---$64,679
Insurance---$26,975
Interest---$24,713
Fees for Services Accounting---$22,798
Payroll Taxes---$11,697
All Other Expenses---$6,036
Other Expenses---$4,433
Office Expenses---$4,334
Total Functional Expenses$0$0$0$616,104
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
Employment Taxes Payable$3,709
Interest Payable$3,266
Property Taxes Payable$3,102
Ag Nm Line of Credit$1,193
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Voting rights in the company are based on the amount of water rights held

Form 990, Part VI, Section A, Line 7A

Voting for members of the governing body is held annually each december

Form 990, Part VI, Section A, Line 7B

Decisions of the governing body are voted on annually in december

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

Form 990 is reviewed by the president of the board prior to filing and is available for review to all board members.

Form 990, Part VI, Section C, Line 18

The company makes its governing documents, policies and financial statements available to the public upon request.

Form 990, Part VI, Section C, Line 19

The company makes its governing documents, policies and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hagerman Irrigation Company
EIN
85-0040210
Phone
5756265489
Address
213 N OXFORD AVE, HAGERMAN, NM 88232

Signing Officer

Name
David Sterrett
Title
President
Phone
5756265489
Signed
2025-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Sterrett
Formed
1912
Legal Domicile
Nm
Voting Board Members
5
Independent Board Members
0
Employees
8
Volunteers
0

Preparer

Firm
Twenty- Two Eleven Accounting & Consulti
Address
604 S MAIN, ROSWELL, NM 88203
Preparer
Shelby Moss CPA
Phone
5756375144
Raw XML Appendix335 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/OtherLiabilitiesOrgGrp/Desc3PROPERTY TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04646202
IRS990ScheduleD/TotalLiabilityAmt011270
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOTING RIGHTS IN THE COMPANY ARE BASED ON THE AMOUNT OF WATER RIGHTS HELD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VOTING FOR MEMBERS OF THE GOVERNING BODY IS HELD ANNUALLY EACH DECEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS OF THE GOVERNING BODY ARE VOTED ON ANNUALLY IN DECEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE PRESIDENT OF THE BOARD PRIOR TO FILING AND IS AVAILABLE FOR REVIEW TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPANY MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPANY MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04708679
IRS990/TotalAssetsEOYAmt04741869
IRS990/TotalAssetsGrp/BOYAmt04708679
IRS990/TotalAssetsGrp/EOYAmt04741869
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/TotalAmt0616104
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0522735
IRS990/TotalLiabilitiesEOYAmt0301839
IRS990/TotalLiabilitiesGrp/BOYAmt0522735
IRS990/TotalLiabilitiesGrp/EOYAmt0301839
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04185944
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04440030
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0860712
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0870190
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0870190
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04708679
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04741869
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0213 N OXFORD AVE
IRS990/USAddress/CityNm0HAGERMAN
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd088232
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID STERRETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05756265489
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HAGERMAN IRRIGATION COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0HAGE
ReturnHeader/Filer/EIN0850040210
ReturnHeader/Filer/PhoneNum05756265489
ReturnHeader/Filer/USAddress/AddressLine1Txt0213 N OXFORD AVE
ReturnHeader/Filer/USAddress/CityNm0HAGERMAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd088232
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0873573184
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TWENTY- TWO ELEVEN ACCOUNTING & CONSULTI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0604 S MAIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROSWELL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd088203
ReturnHeader/PreparerPersonGrp/PhoneNum05756375144
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELBY MOSS CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-06-23T15:13:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-12-01
ReturnHeader/TaxPeriodEndDt02024-11-30
ReturnHeader/TaxYr02023

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