Civic Intelligence

Rural Area Development Water Users Cooperative

990 • Fiscal year 2024 • EIN 85-6011566

Jan 01, 2024 to Dec 31, 2024 • Filed on Mar 03, 2025

Organization ProfileN/A
PO Box 296Tucumcari, NM 88401

(575) 403-7704

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

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

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

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

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$23,631

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

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

Asset Growth

77th percentile

9.0%

Faster asset growth than 77% of similar nonprofits.

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

Revenue Growth

72nd percentile

14%

Faster revenue growth than 72% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$544,040

Up $44,895 (+9.0%) from 2023

Net Assets

Up

$543,012

Up $46,230 (+9.3%) from 2023

Liabilities

Down

$1,028

Down $1,335 (-56%) from 2023

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin84th percentile

Revenue

Up

$148,323

Up $18,237 (+14%) from 2023

Expenses

Down

$102,118

Down $5,371 (-5.0%) from 2023

Net Income

Up

$46,205

Up $23,608 (+104%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2010: $195,763Liabilities 2010: $16,786Net Assets 2010: $178,9772010Assets 2011: $218,167Liabilities 2011: $5,583Net Assets 2011: $212,5842011Assets 2012: $249,251Liabilities 2012: $7,384Net Assets 2012: $241,8672012Assets 2013: $268,975Liabilities 2013: $37,434Net Assets 2013: $231,5412013Assets 2014: $319,304Liabilities 2014: $71,136Net Assets 2014: $248,1682014Assets 2015: $250,292Liabilities 2015: $2,465Net Assets 2015: $247,8272015Assets 2016: $289,523Liabilities 2016: $9,428Net Assets 2016: $280,0952016Assets 2017: $318,298Liabilities 2017: $9,164Net Assets 2017: $309,1342017Assets 2018: $335,307Liabilities 2018: $9,793Net Assets 2018: $325,5142018Assets 2019: $369,499Liabilities 2019: $1,573Net Assets 2019: $367,9262019Assets 2020: $415,906Liabilities 2020: $3,582Net Assets 2020: $412,3242020Assets 2021: $477,222Liabilities 2021: $31,193Net Assets 2021: $446,0292021Assets 2022: $475,590Liabilities 2022: $1,430Net Assets 2022: $474,1602022Assets 2023: $499,145Liabilities 2023: $2,363Net Assets 2023: $496,7822023Assets 2024: $544,040Liabilities 2024: $1,028Net Assets 2024: $543,0122024Assets 2025: $596,776Liabilities 2025: $2,855Net Assets 2025: $593,9212025

Highlighted filing

2024

Assets$544,040
Liabilities$1,028
Net Assets$543,012
Open 2024 Filing

Operations Trend

Revenue Growth72nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2010: $112,969Expenses 2010: $88,066Net Income 2010: $24,9032010Revenue 2011: $124,605Expenses 2011: $90,998Net Income 2011: $33,6072011Revenue 2012: $117,656Expenses 2012: $88,373Net Income 2012: $29,2832012Revenue 2013: $108,014Expenses 2013: $118,465Net Income 2013: -$10,4512013Revenue 2014: $133,304Expenses 2014: $116,702Net Income 2014: $16,6022014Revenue 2015: $123,406Expenses 2015: $123,747Net Income 2015: -$3412015Revenue 2016: $138,064Expenses 2016: $97,672Net Income 2016: $40,3922016Revenue 2017: $132,895Expenses 2017: $103,853Net Income 2017: $29,0422017Revenue 2018: $127,610Expenses 2018: $111,230Net Income 2018: $16,3802018Revenue 2019: $128,009Expenses 2019: $93,822Net Income 2019: $34,1872019Revenue 2020: $139,625Expenses 2020: $95,327Net Income 2020: $44,2982020Revenue 2021: $145,957Expenses 2021: $107,138Net Income 2021: $38,8192021Revenue 2022: $162,524Expenses 2022: $134,468Net Income 2022: $28,0562022Revenue 2023: $130,086Expenses 2023: $107,489Net Income 2023: $22,5972023Revenue 2024: $148,323Expenses 2024: $102,118Net Income 2024: $46,2052024Revenue 2025: $158,402Expenses 2025: $107,493Net Income 2025: $50,9092025

Highlighted filing

2024

Revenue$148,323
Expenses$102,118
Net Income$46,205
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 3, 2025
Return Version
2024v5.0
Gross Receipts
$230,259
Mission and Program Overview

Mission

RURAL WATER DISTRIBUTION

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$338,520$383,233▲ $44,713
Land, Buildings, and Equipment, Net$132,074$126,063▼ $6,011
Cash and Non-Interest-Bearing Accounts$16,987$24,563▲ $7,576
Accounts Receivable$7,824$6,441▼ $1,383
Total Assets$499,145$544,040▲ $44,895
Other Assets Total$3,740$3,740→ $0
Liabilities
Accounts Payable and Accrued Expenses$2,363$1,028▼ $1,335
Total Liabilities$2,363$1,028▼ $1,335
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$496,782$543,012▲ $46,230
Total Net Assets Fund Balance$496,782$543,012▲ $46,230
Total Liabilities and Net Assets / Fund Balance$499,145$544,040▲ $44,895

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$126,063$340,092$466,155
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Donna LaffertySec/treasurePT$23,631$23,631

Board Members and Trustees

NameTitle
Larry YoungPresident
Danny YoungDirector
Janie HoffmanDirector
Jim NorrisDirector
Lesa FloeckDirector
Tim FarrowDirector
Phillip BoxVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$7,389
Other Revenue
$140,934
Change in Net Assets
$46,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$63,675
Other Expenses$38,443
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$58,762--$58,762
Depreciation Depletion$8,958--$8,958
Insurance$6,473--$6,473
Payroll Taxes$4,913--$4,913
Fees for Services Accounting$3,865--$3,865
Office Expenses$2,599--$2,599
Other Expenses$1,199--$1,199
All Other Expenses$1,024--$1,024
Total Functional Expenses$102,118$0$0$102,118
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
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 2

“Donna lafferty jason lafferty sec/treas. Manager related family member”

Form 990, Page 6, Part VI, Line 6

“MEMBERS”

Form 990, Page 6, Part VI, Line 7A

“Members elect board members.”

Form 990, Page 6, Part VI, Line 7B

“Goverance decisions approved by members.”

Form 990, Page 6, Part VI, Line 8B

“NO COMMITTEES.”

Form 990, Page 6, Part VI, Line 11B

“Board president reviews form 990 with accountant.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors is responsible for setting compensation.”

Form 990, Page 6, Part VI, Line 15B

“The board of directors is responsible for setting compensation.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Rural Area Development Water User
EIN
85-6011566
Phone
5754037704
Address
PO BOX 296, TUCUMCARI, NM 88401

Signing Officer

Name
Phillip Box
Title
Vice President
Phone
5754037704
Signed
2025-03-03

Organization Details

Principal Officer
Phillip Box
Formed
1963
Legal Domicile
Nm
Voting Board Members
7
Independent Board Members
7
Employees
6

Preparer

Firm
Valentine & Associates Cpas Pc
Address
1720 FM 1431, MARBLE FALLS, TX 78654-4954
Preparer
R Kelly Mcfarland
Phone
8306937294
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“The water cooperative provided water, water delivery and water services to a rural area. There are 281 active members.”

Form 990, Part XI, Line 9

“MEMBERSHIP FEES 25”

Raw XML Appendix336 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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SEC/TREASURE
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE WATER COOPERATIVE PROVIDED WATER, WATER DELIVERY AND WATER SERVICES TO A RURAL AREA. THERE ARE 281 ACTIVE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DONNA LAFFERTY JASON LAFFERTY SEC/TREAS. MANAGER RELATED FAMILY MEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS ELECT BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERANCE DECISIONS APPROVED BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD PRESIDENT REVIEWS FORM 990 WITH ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS IS RESPONSIBLE FOR SETTING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BOARD OF DIRECTORS IS RESPONSIBLE FOR SETTING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10MEMBERSHIP FEES 25
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0499145
IRS990/TotalAssetsEOYAmt0544040
IRS990/TotalAssetsGrp/BOYAmt0499145
IRS990/TotalAssetsGrp/EOYAmt0544040
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0102118
IRS990/TotalFunctionalExpensesGrp/TotalAmt0102118
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02363
IRS990/TotalLiabilitiesEOYAmt01028
IRS990/TotalLiabilitiesGrp/BOYAmt02363
IRS990/TotalLiabilitiesGrp/EOYAmt01028
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0496782
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0543012
IRS990/TotalReportableCompFromOrgAmt023631
IRS990/TotalRevenueGrp/ExclusionAmt07389
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0140934
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0148323
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0499145
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0544040
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0224 E TUCUMCARI BLVD
IRS990/USAddress/CityNm0TUCUMCARI
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd088401
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0PHILLIP BOX
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05754037704
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RURAL AREA DEVELOPMENT WATER USER
ReturnHeader/Filer/BusinessNameControlTxt0RURA
ReturnHeader/Filer/EIN0856011566
ReturnHeader/Filer/PhoneNum05754037704
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 296
ReturnHeader/Filer/USAddress/CityNm0TUCUMCARI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd088401
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0844147988
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VALENTINE & ASSOCIATES CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01720 FM 1431
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MARBLE FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0786544954
ReturnHeader/PreparerPersonGrp/PhoneNum08306937294
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R KELLY MCFARLAND
ReturnHeader/ReturnTs02025-03-10T19:28:24-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$544,040
Liabilities
$1,028
Net assets
$543,012
Revenue
$148,323
Expenses
$102,118
Net income
$46,205
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.97$0.03$5.94$1.58$1.07$0.51
2024Detailed filing. Detailed filing data is available for this year.$5.44$0.01$5.43$1.48$1.02$0.46
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.99$0.02$4.97$1.30$1.07$0.23
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.76$0.01$4.74$1.63$1.34$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.77$0.31$4.46$1.46$1.07$0.39
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.16$0.04$4.12$1.40$0.95$0.44
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.69$0.02$3.68$1.28$0.94$0.34
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$0.10$3.26$1.28$1.11$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.18$0.09$3.09$1.33$1.04$0.29
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.90$0.09$2.80$1.38$0.98$0.40
2015Detailed filing. Detailed filing data is available for this year.$2.50$0.02$2.48$1.23$1.24$0.00
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.19$0.71$2.48$1.33$1.17$0.17
2013Detailed filing. Detailed filing data is available for this year.$2.69$0.37$2.32$1.08$1.18$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$0.07$2.42$1.18$0.88$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$0.06$2.13$1.25$0.91$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.17$1.79$1.13$0.88$0.25