Civic Intelligence

Morristown Corners Water Corporation

EIN 22-3475687 • 501(c)12 • Morrisville, VT

Profile

Provide potable water to community

PO Box 187Morrisville, VT 05661

n/A

Siviq Scores

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

Liabilities / Assets

99th percentile

2.76x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.87x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2024

Net Margin

64th percentile

14%

Higher net margin than 64% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$15,006

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

501(c)12 • <$500k nonprofits • Source year 2024

Asset Growth

96th percentile

83%

Faster asset growth than 96% of similar nonprofits.

501(c)12 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

97th percentile

128%

Faster revenue growth than 97% of similar nonprofits.

501(c)12 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$43,421

Up $30,462 (+235%) from 2022

Liabilities

$119,716

No earlier filing loaded for comparison.

Net Assets

Down

-$76,295

Down $89,254 (-689%) from 2022

Operations
Liabilities / Revenue86th percentileNet Margin64th percentile

Revenue

Up

$137,426

Up $111,052 (+421%) from 2022

Expenses

Up

$117,682

Up $83,331 (+243%) from 2022

Net Income

Up

$19,744

Up $27,721 (+348%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth96th percentile

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

$150K$100K$50K$0-$50K-$100KAssets 2015: $16,162Liabilities 2015: $02015Assets 2016: $19,918Liabilities 2016: $02016Assets 2017: $14,199Liabilities 2017: $02017Assets 2018: $9,515Liabilities 2018: $02018Assets 2019: $16,578Liabilities 2019: $02019Assets 2020: $17,563Liabilities 2020: $02020Assets 2022: $12,959Net Assets 2022: $12,9592022Assets 2024: $43,421Liabilities 2024: $119,716Net Assets 2024: -$76,2952024

Highlighted filing

2024

Assets$43,421
Liabilities$119,716
Net Assets-$76,295
Open 2024 Filing

Operations Trend

Revenue Growth97th percentile

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

$150K$100K$50K$0-$50KRevenue 2015: $22,345Expenses 2015: $14,615Net Income 2015: $7,7302015Revenue 2016: $20,543Expenses 2016: $16,787Net Income 2016: $3,7562016Revenue 2017: $19,900Expenses 2017: $19,273Net Income 2017: $6272017Revenue 2018: $24,228Expenses 2018: $28,912Net Income 2018: -$4,6842018Revenue 2019: $23,992Expenses 2019: $19,419Net Income 2019: $4,5732019Revenue 2020: $23,832Expenses 2020: $22,848Net Income 2020: $9842020Revenue 2022: $26,374Expenses 2022: $34,351Net Income 2022: -$7,9772022Revenue 2024: $137,426Expenses 2024: $117,682Net Income 2024: $19,7442024

Highlighted filing

2024

Revenue$137,426
Expenses$117,682
Net Income$19,744
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$43,421
Liabilities
$119,716
Net assets
-$76,295
Revenue
$137,426
Expenses
$117,682
Net income
$19,744
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.43$1.20$0.76$1.37$1.18$0.20
2022Detailed filing. Detailed filing data is available for this year.$0.13$0.13$0.26$0.34$0.08
2020Summary only. Only limited summary data is available for this year.$0.18$0.00$0.24$0.23$0.01
2019Summary only. Only limited summary data is available for this year.$0.17$0.00$0.24$0.19$0.05
2018Summary only. Only limited summary data is available for this year.$0.10$0.00$0.24$0.29$0.05
2017Summary only. Only limited summary data is available for this year.$0.14$0.00$0.20$0.19$0.01
2016Summary only. Only limited summary data is available for this year.$0.20$0.00$0.21$0.17$0.04
2015Summary only. Only limited summary data is available for this year.$0.16$0.00$0.22$0.15$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 23, 2025
Return Version
2024v5.1
Gross Receipts
$137,426
Mission and Program Overview

Mission

watersupplyandservice

Provide potable water to community

Program Services

DescriptionGrantsExpenses
PROVIDING POTABLE WATER TO 55-60 COMMUNITY MEMEBERS--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALLEN ROSSCertified Water OperatorPT$15,006-$15,006
MICHAEL RAPOPORTPresident-$0$600$600
MARK DESROCHERVice President-$0$600$600
AARON HINESTechnician-$0$600$600
JULIE RAPOPORTSecretary-$0$600$600
PAULA BEATTIEDirector-$0$600$600
Filing and Contact Details

Filer

Filer Name
Morristown Corners Water Corporation
EIN
22-3475687
Phone
8028881454
Address
PO BOX 187, MORRISVILLE, VT 05661

Signing Officer

Name
Michael Rapoport
Title
President
Phone
8028881454
Signed
2025-04-23
Discuss with paid preparer
Yes

Preparer

Firm
Walter J Pomroy
Address
Rt 15, Johnson, VT 05656
Preparer
Walter J Pomroy
Phone
8026351770
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“INTEREST EXPENSE 1609.”

Form 990EZ, Part I, Line 16

“INSURANCE 1855.”

Form 990EZ, Part I, Line 16

“DUES 260.”

Form 990EZ, Part I, Line 16

“OFFICE 80.”

Form 990EZ, Part I, Line 16

“System operations expense 4180.”

Raw XML Appendix144 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BenefitsPaidToOrForMembersAmt0700
IRS990EZ/BooksInCareOfDetail/PersonNm0MICHAEL RAPOPORT
IRS990EZ/BooksInCareOfDetail/PhoneNum08028881454
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01069 STAGECOACH ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MORRISVILLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd005661
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt027964
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt043421
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0105916
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt019744
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt087790
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt027964
IRS990EZ/Form990TotalAssetsGrp/EOYAmt043421
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0137426
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt031510
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-96039
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-76295
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-96039
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-76295
IRS990EZ/OccupancyRentUtltsAndMaintAmt06118
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt510.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt515006
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt0600
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt1600
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt2600
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt3600
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt4600
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MICHAEL RAPOPORT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARK DESROCHER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2AARON HINES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JULIE RAPOPORT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4PAULA BEATTIE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5ALLEN ROSS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TECHNICIAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5CERTIFIED WATER OPERATOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt07984
IRS990EZ/PrimaryExemptPurposeTxt0PROVIDE POTABLE WATER TO COMMUNITY
IRS990EZ/PrintingPublicationsPostageAmt084
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDING POTABLE WATER TO 55-60 COMMUNITY MEMEBERS
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt015006
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0124003
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0119716
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0117682
IRS990EZ/TotalRevenueAmt0137426
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INTEREST EXPENSE 1609.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INSURANCE 1855.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DUES 260.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICE 80.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SYSTEM OPERATIONS EXPENSE 4180.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL RAPOPORT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08028881454
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MORRISTOWN CORNERS WATER CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0MORR
ReturnHeader/Filer/EIN0223475687
ReturnHeader/Filer/PhoneNum08028881454
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 187
ReturnHeader/Filer/USAddress/CityNm0MORRISVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005661
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274968925
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Walter J Pomroy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0Rt 15
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Johnson
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005656
ReturnHeader/PreparerPersonGrp/PhoneNum08026351770
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Walter J Pomroy
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-23T13:05:18-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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