Civic Intelligence

Southern Black Hills Water System

EIN 86-1133469 • 501(c)12 • Hot Springs, SD

Profile

To plan and construct a regional water system with the purpose of providing safe and dependable water to all current and future residents, businesses, and communities of the southern black hills that are in need of water by the most economic and timely means possible.

26858 Hwy 385Hot Springs, SD 57747

www.southernblackhillswater.com

Siviq Scores

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

Liabilities / Assets

36th percentile

0.21x

Higher debt load relative to assets than 36% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

4.18x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2023

Net Margin

3rd percentile

-31%

Higher net margin than 3% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

14th percentile

-2.0%

Faster asset growth than 14% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

22nd percentile

-1.6%

Faster revenue growth than 22% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$15,796,966

Up $433,881 (+2.8%) from 2023

Liabilities

Down

$3,125,422

Down $77,317 (-2.4%) from 2023

Net Assets

Up

$12,671,544

Up $511,198 (+4.2%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin3rd percentile

Revenue

Up

$1,592,301

Up $826,229 (+108%) from 2023

Expenses

Up

$1,081,103

Up $79,581 (+7.9%) from 2023

Net Income

Up

$511,198

Up $746,648 (+317%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth14th percentile

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

$20M$15M$10M$5.0M$0Assets 2012: $333,683Liabilities 2012: $0Net Assets 2012: $333,6832012Assets 2013: $179,564Liabilities 2013: $0Net Assets 2013: $179,5642013Assets 2014: $14,272,965Liabilities 2014: $3,744,324Net Assets 2014: $10,528,6412014Assets 2015: $17,072,857Liabilities 2015: $3,739,639Net Assets 2015: $13,333,2182015Assets 2016: $16,886,399Liabilities 2016: $3,679,820Net Assets 2016: $13,206,5792016Assets 2017: $16,999,192Liabilities 2017: $3,618,032Net Assets 2017: $13,381,1602017Assets 2018: $16,747,613Liabilities 2018: $3,554,246Net Assets 2018: $13,193,3672018Assets 2019: $16,805,686Liabilities 2019: $3,488,380Net Assets 2019: $13,317,3062019Assets 2020: $16,420,725Liabilities 2020: $3,423,586Net Assets 2020: $12,997,1392020Assets 2021: $16,026,173Liabilities 2021: $3,350,143Net Assets 2021: $12,676,0302021Assets 2022: $15,673,420Liabilities 2022: $3,277,624Net Assets 2022: $12,395,7962022Assets 2023: $15,363,085Liabilities 2023: $3,202,739Net Assets 2023: $12,160,3462023Assets 2024: $15,796,966Liabilities 2024: $3,125,422Net Assets 2024: $12,671,5442024

Highlighted filing

2024

Assets$15,796,966
Liabilities$3,125,422
Net Assets$12,671,544
Open 2024 Filing

Operations Trend

Revenue Growth22nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $788,3242012Revenue 2013: $1,799,133Expenses 2013: $1,953,252Net Income 2013: -$154,1192013Revenue 2014: $5,417,382Expenses 2014: $524,480Net Income 2014: $4,892,9022014Revenue 2015: $3,452,421Expenses 2015: $647,843Net Income 2015: $2,804,5782015Revenue 2016: $760,766Expenses 2016: $887,406Net Income 2016: -$126,6402016Revenue 2017: $1,233,083Expenses 2017: $1,053,897Net Income 2017: $179,1862017Revenue 2018: $836,995Expenses 2018: $1,024,788Net Income 2018: -$187,7932018Revenue 2019: $1,241,990Expenses 2019: $1,118,051Net Income 2019: $123,9392019Revenue 2020: $659,101Expenses 2020: $979,268Net Income 2020: -$320,1672020Revenue 2021: $748,359Expenses 2021: $1,069,468Net Income 2021: -$321,1092021Revenue 2022: $778,632Expenses 2022: $1,058,866Net Income 2022: -$280,2342022Revenue 2023: $766,072Expenses 2023: $1,001,522Net Income 2023: -$235,4502023Revenue 2024: $1,592,301Expenses 2024: $1,081,103Net Income 2024: $511,1982024

Highlighted filing

2024

Revenue$1,592,301
Expenses$1,081,103
Net Income$511,198
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$15,796,966
Liabilities
$3,125,422
Net assets
$12,671,544
Revenue
$1,592,301
Expenses
$1,081,103
Net income
$511,198
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.8$3.13$12.7$1.59$1.08$0.51
2023Detailed filing. Detailed filing data is available for this year.$15.4$3.20$12.2$0.77$1.00$0.24
2022Detailed filing. Detailed filing data is available for this year.$15.7$3.28$12.4$0.78$1.06$0.28
2021Detailed filing. Detailed filing data is available for this year.$16.0$3.35$12.7$0.75$1.07$0.32
2020Detailed filing. Detailed filing data is available for this year.$16.4$3.42$13.0$0.66$0.98$0.32
2019Detailed filing. Detailed filing data is available for this year.$16.8$3.49$13.3$1.24$1.12$0.12
2018Detailed filing. Detailed filing data is available for this year.$16.7$3.55$13.2$0.84$1.02$0.19
2017Summary only. Only limited summary data is available for this year.$17.0$3.62$13.4$1.23$1.05$0.18
2016Detailed filing. Detailed filing data is available for this year.$16.9$3.68$13.2$0.76$0.89$0.13
2015Detailed filing. Detailed filing data is available for this year.$17.1$3.74$13.3$3.45$0.65$2.80
2014Detailed filing. Detailed filing data is available for this year.$14.3$3.74$10.5$5.42$0.52$4.89
2013Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$1.80$1.95$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.00$0.33$0.79
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 1, 2025
Return Version
2024v5.0
Gross Receipts
$1,592,301
Mission and Program Overview

Mission

To plan and construct a regional water system with the purpose of providing safe and dependable water to all current and future residents, businesses, and communities of the southern black hills that are in need of water by the most economic and timely means possible.

To provide water to residents in a certain geographic area

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,084,553$15,467,130▲ $382,577
Savings and Temporary Cash Investments$158,711$181,853▲ $23,142
Cash and Non-Interest-Bearing Accounts$119,821$147,983▲ $28,162
Total Assets$15,363,085$15,796,966▲ $433,881
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,202,739$3,125,422▼ $77,317
Total Liabilities$3,202,739$3,125,422▼ $77,317
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,160,346$12,671,544▲ $511,198
Total Net Assets Fund Balance$12,160,346$12,671,544▲ $511,198
Total Liabilities and Net Assets / Fund Balance$15,363,085$15,796,966▲ $433,881

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,044,870$4,245,249$18,290,119
Other Land Buildings$1,169,780-$1,169,780
Equipment$55,850$153,648$209,498
Land$196,630-$196,630
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Don PetersonManagerFT$104,998$104,998

Board Members and Trustees

NameTitle
Ted WickChairman
Jay SmithVice Chairma
Brandon NaseDirector
John BeardDirector
Leeann BakerDirector
Richard KrumpDirector
Steve KowalskiDirector
John ZolnowskySecretary
Bob BairdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$609,802
Program Service Revenue
$829,149
Investment Income
$3,350
Other Revenue
$150,000
Change in Net Assets
$511,198

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,592,301
Total Revenue per Audited Statements
$1,592,301
Total Revenue per Form 990
$1,592,301
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$909,421
Salaries, Compensation, and Employee Benefits$171,682
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$390,224
Current Officers, Directors, Trustees, and Key Employees---$104,998
Interest---$101,676
Occupancy---$67,701
Fees for Services Legal---$55,853
Fees for Services Accounting---$40,961
Other Salaries and Wages---$39,767
Insurance---$33,591
Other Expenses---$31,686
Information Technology---$23,071
Travel---$17,289
Fees for Services Other---$15,366
Payroll Taxes---$15,145
Pension Plan Contributions---$11,772
Office Expenses---$10,021
Conferences and Meetings---$8,080
Advertising---$747
Total Functional Expenses$0$0$0$1,081,103

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,081,103
Total Expenses per Audited Statements$1,081,103
Total Expenses per Form 990$1,081,103
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
No
Annual disclosure for covered persons
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
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

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

“The 990 was reviewed by the manager prior to filing. The full board was provided a copy of the return after it was filed.”

Form 990, Page 6, Part VI, Line 12C

“As part of each annual meeting, the board will review possible conflicts of interest of each director of the corporation. Any member of the board having a conflict of interest will abstain from voting or exercising influence in any way on the matter.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Southern Black Hills Water System
EIN
86-1133469
Phone
6057454669
Address
26858 HWY 385, HOT SPRINGS, SD 57747

Signing Officer

Name
Don Peterson
Title
Manager
Phone
6058631265
Signed
2025-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Peterson
Formed
2005
Legal Domicile
Sd
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
9

Preparer

Firm
Ketel Thorstenson Llp
Address
PO BOX 3140, RAPID CITY, SD 57709-3140
Preparer
Traci Hanson CPA
Phone
6053425630
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To plan and construct a regional water system with the purpose of providing safe and dependable water to all current and future residents, businesses, and communities of the southern black hills that are in need of water by the most economic and timely means possible.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The system is exempt from federal income tax under section 501(c)(12) of the internal revenue code. At december 31, 2024, the system believes no significant uncertain tax positions or liabilities exist.”

Raw XML Appendix355 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/AuditCommitteeInd0true
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IRS990/BooksInCareOfDetail/PhoneNum06057454669
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt026858 HWY 385
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IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/PrincipalOfficerNm0DON PETERSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0WATER FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0829149
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0829149
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IRS990/PYInvestmentIncomeAmt0491
IRS990/PYOtherExpensesAmt0838666
IRS990/PYOtherRevenueAmt03040
IRS990/PYProgramServiceRevenueAmt0762541
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IRS990/ReconcilationRevenueExpnssAmt0511198
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt04245249
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IRS990ScheduleD/EquipmentGrp/BookValueAmt055850
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0196630
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01169780
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01169780
IRS990ScheduleD/RevenueSubtotalAmt01592301
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SYSTEM IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. AT DECEMBER 31, 2024, THE SYSTEM BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt01081103
IRS990ScheduleD/TotalRevenuePerForm990Amt01592301
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PLAN AND CONSTRUCT A REGIONAL WATER SYSTEM WITH THE PURPOSE OF PROVIDING SAFE AND DEPENDABLE WATER TO ALL CURRENT AND FUTURE RESIDENTS, BUSINESSES, AND COMMUNITIES OF THE SOUTHERN BLACK HILLS THAT ARE IN NEED OF WATER BY THE MOST ECONOMIC AND TIMELY MEANS POSSIBLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WAS REVIEWED BY THE MANAGER PRIOR TO FILING. THE FULL BOARD WAS PROVIDED A COPY OF THE RETURN AFTER IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS PART OF EACH ANNUAL MEETING, THE BOARD WILL REVIEW POSSIBLE CONFLICTS OF INTEREST OF EACH DIRECTOR OF THE CORPORATION. ANY MEMBER OF THE BOARD HAVING A CONFLICT OF INTEREST WILL ABSTAIN FROM VOTING OR EXERCISING INFLUENCE IN ANY WAY ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01081103
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03202739
IRS990/TotalLiabilitiesEOYAmt03125422
IRS990/TotalLiabilitiesGrp/BOYAmt03202739
IRS990/TotalLiabilitiesGrp/EOYAmt03125422
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IRS990/TotalReportableCompFromOrgAmt0104998
IRS990/TotalRevenueGrp/ExclusionAmt0153350
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0829149
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01592301
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015363085
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015796966
IRS990/TravelGrp/TotalAmt017289
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt026858 HWY 385
IRS990/USAddress/CityNm0HOT SPRINGS
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057747
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.SOUTHERNBLACKHILLSWATER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DON PETERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum06058631265
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHERN BLACK HILLS WATER SYSTEM
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0861133469
ReturnHeader/Filer/PhoneNum06057454669
ReturnHeader/Filer/USAddress/AddressLine1Txt026858 HWY 385
ReturnHeader/Filer/USAddress/CityNm0HOT SPRINGS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057747
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460257538
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KETEL THORSTENSON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 3140
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RAPID CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0577093140
ReturnHeader/PreparerPersonGrp/PhoneNum06053425630
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRACI HANSON CPA
ReturnHeader/ReturnTs02025-05-01T11:45:48-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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