Lugert-Altus Irrigation District
- Allen EnsleySigns company filings · Form 5500 (2025)
How we got $6.7M
Based on its 15 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Employees over time
▲ 20% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 15 | $3.5M |
| 2020 | Form 5500 | 15 | $3.5M |
| 2021 | Form 5500 | 15 | $3.5M |
| 2022 | Form 5500 | 13 | $3.1M |
| 2023 | Form 5500 | 13 | $3.1M |
| 2024 | Form 5500 | 13 | $3.1M |
| 2025 | Form 5500 | 18 | $4.2M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| LUGERT-ALTUS IRRIGATION DISTRICT this business | $6.7M | — |
| WHITEWATER IRRIGATION OKLAHOMA LLC Duke · 7 employees | $1.8M | 13.1 mi |
| PECAN VALLEY WATERWORKS ASSOCICATION LLC Lawton · 2 employees | $738K | 46.5 mi |
| RURAL WATER SEWER & SOLID WASTE MGMT Colony · 3 employees | $1.1M | 63.0 mi |
| 4 L WATER WELL SERVICES LLC Hydro · 3 employees | $976K | 70.7 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.5M |
| Estimate: the two combined (geometric mean) | $6.7M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $803K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Revenue range | $4.4M – $7.7M |
| EBITDA range | $528K – $915K |
| Industry (NAICS) | Water Supply and Irrigation Systems (221310) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingFrazer BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Frazer Bank PPP 2020 | All 177 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $202K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Lugert-Altus Irrigation District
Lugert-Altus Irrigation District is a water supply and irrigation systems company in Altus, Oklahoma. Its estimated annual revenue is about $6.7M, with roughly $803K of EBITDA. It has about 18 employees.
Common questions
- Who owns Lugert-Altus Irrigation District?
- The owner of Lugert-Altus Irrigation District isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Lugert-Altus Irrigation District make?
- SeeBITDA estimates Lugert-Altus Irrigation District's annual revenue at about $6.7M (likely between $4.4M and $7.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- How many employees does Lugert-Altus Irrigation District have?
- About 18, from its 2025 retirement-plan filing.