SeeBITDAOklahoma

Southern Oklahoma Water Corporation

Water Supply and Irrigation Systems
Reported revenueReported figures
$11.0M
$10.5Mlikely range$11.6M
Revenue
$11.0M
a year
Profit (EBITDA)
$1.1M
10% of revenue
Employees
20
reported in 2020
Leadership
Owner not found yet
We haven't found the owner in public records
  • Troy Duke
    Secretary/ Treasurer · Form 990
  • Roger Dethloff
    General Manager · Form 990
  • Glen Jones
    Chairman · Form 990
  • Louis Hope
    Vice Chairman · Form 990
  • Robert White
    Member · Form 990
Has a management team. Someone besides the owner runs part of the business, which buyers pay more for.

How we got $11.0M

Based on IRS Form 990 (2025).

Reported revenue, IRS Form 990 (2025)$11.0M
× 10% profit margin$1.1M

· Own this business? Correct these figures

What we know

PPP loan, 2020
401(k) filing, 2024
Reported financials
Company website
Owner not found
Trucking registration (FMCSA)

What they do

Southern Oklahoma Water Corporation provides water services to its community in Ardmore, OK, stating its mission is to provide safe, high quality water services while maintaining a standard of excellence in customer service and environmental conservation.

Products & services
Water servicesBill payment optionsConservation tips
Service area
Ardmore, OK

From the company's website. Industry: Water Supply and Irrigation Systems.

Employees over time

▲ 10% since 2020
01325202020212022202320242022
401(k) / retirement-plan participantsEmployees reported for PPP
Show as table
YearSourceEmployeesEst. revenueEst. EBITDA
2020PPP loan20$4.7M$461K
2020Form 550019$4.5M$438K
2021Form 550015$3.5M$346K
2022Form 550013$3.1M$300K
2023Form 550020$4.7M$461K
2024Form 550022$5.2M$507K

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.

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
SOUTHERN OKLAHOMA WATER CORPORATION
this business
$11.0M$1.1M—
WEST DAVIS RURAL WATER CORPORATION
Ratliff City · 1 employees
$767K$111K28.9 mi
BRYAN COUNTY RURAL WATER, SEWER AND SOLID WASTE MANAGEMENT D
Mead · 15 employees
$5.2M$621K34.4 mi
ELMORE CITY RURAL WATER CORPORATION
Elmore City · 2 employees
$609K$88K34.5 mi
GARVIN COUNTY RURAL WATER #1
Pauls Valley · 4 employees
$1.0M$151K40.4 mi
WATER CONDITIONING, INC
Ada · 9 employees
$2.4M$320K46.8 mi
EMMETT E. HARRISON III
Marlow · 5 employees
$1.9M$252K49.9 mi

The full calculation

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.

These are the business's own reported figures, from its IRS Form 990 filing, not an estimate. EBITDA applies the industry margin to reported revenue.

Revenue range$10.5M – $11.6M
EBITDA range$1.0M – $1.1M
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

  • AccountingThe Firm Tax & Accounting LLPPrepared its Form 990
  • BankingCitizens Bank and Trust Company of ArdmorePPP / 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

Citizens Bank and Trust Company of Ardmore
PPP 2020
All 181 borrowers →

From PPP and SBA loan records, which name the bank but not the individual banker.

PPP loans

ApprovedDrawAmountForgivenJobsLender
5/1/2020first$175K$176K20Citizens Bank and Trust Company of Ardmore

Public records

IRS Form 990
Nonprofit
Revenue (2025)$11.0M
Assets$31.7M
Tax-exempt since1975
DOT motor carrier
USDOT 2009971
Trucks (power units)19
Drivers4
Miles (2012)30,000
Registered with DOT2010

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Southern Oklahoma Water Corporation

Southern Oklahoma Water Corporation is a water supply and irrigation systems company in Ardmore, Oklahoma, in business since 2010. Its reported annual revenue is about $11.0M, with roughly $1.1M of EBITDA. It has about 22 employees.

Common questions

Who owns Southern Oklahoma Water Corporation?
The owner of Southern Oklahoma Water Corporation 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 Southern Oklahoma Water Corporation make?
Southern Oklahoma Water Corporation reported revenue of about $11.0M.
How many employees does Southern Oklahoma Water Corporation have?
About 22, from its 2024 retirement-plan filing.
When was Southern Oklahoma Water Corporation founded?
Southern Oklahoma Water Corporation has been in business since 2010.