Civic Intelligence

Rathbun Regional Water

990 • Fiscal year 2019 • EIN 23-7189705

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 08, 2020

Organization ProfileWWW.RRWA.NET

View Organization Page

16166 Hwy J29Centerville, IA 52544

(641) 647-2416

Siviq Scores

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

Liabilities / Assets

11th percentile

0.31x

Higher debt load relative to assets than 11% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

2.40x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Net Margin

86th percentile

6.2%

Higher net margin than 86% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

5th percentile

$190,637

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Asset Growth

9th percentile

-0.3%

Faster asset growth than 9% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-16%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$143,261,649

Up $2,507,924 (+1.8%) from 2017

Net Assets

Up

$98,643,544

Up $6,828,607 (+7.4%) from 2017

Liabilities

Down

$44,618,105

Down $4,320,683 (-8.8%) from 2017

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin86th percentile

Revenue

Down

$18,575,111

Down $13,262 (-0.1%) from 2017

Expenses

Up

$17,429,697

Up $1,004,830 (+6.1%) from 2017

Net Income

Down

$1,145,414

Down $1,018,092 (-47%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$200M$150M$100M$50M$0Assets 2013: $136,337,701Liabilities 2013: $53,955,993Net Assets 2013: $82,381,7082013Assets 2015: $139,911,533Liabilities 2015: $51,522,211Net Assets 2015: $88,389,3222015Assets 2017: $140,753,725Liabilities 2017: $48,938,788Net Assets 2017: $91,814,9372017Assets 2019: $143,261,649Liabilities 2019: $44,618,105Net Assets 2019: $98,643,5442019Assets 2020: $143,628,640Liabilities 2020: $42,271,458Net Assets 2020: $101,357,1822020Assets 2021: $143,535,509Liabilities 2021: $40,186,910Net Assets 2021: $103,348,5992021Assets 2022: $149,040,124Liabilities 2022: $37,528,457Net Assets 2022: $111,511,6672022Assets 2024: $156,456,677Liabilities 2024: $39,211,765Net Assets 2024: $117,244,9122024

Highlighted filing

2019

Assets$143,261,649
Liabilities$44,618,105
Net Assets$98,643,544
Open 2019 Filing

Operations Trend

Revenue Growth1st percentile

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

$30M$20M$10M$0Revenue 2013: $16,105,189Expenses 2013: $13,975,899Net Income 2013: $2,129,2902013Revenue 2015: $17,503,961Expenses 2015: $14,381,015Net Income 2015: $3,122,9462015Revenue 2017: $18,588,373Expenses 2017: $16,424,867Net Income 2017: $2,163,5062017Revenue 2019: $18,575,111Expenses 2019: $17,429,697Net Income 2019: $1,145,4142019Revenue 2020: $20,059,925Expenses 2020: $17,583,529Net Income 2020: $2,476,3962020Revenue 2021: $19,524,917Expenses 2021: $17,272,813Net Income 2021: $2,252,1042021Revenue 2022: $27,694,472Expenses 2022: $18,894,486Net Income 2022: $8,799,9862022Revenue 2024: $24,194,343Expenses 2024: $21,530,019Net Income 2024: $2,664,3242024

Highlighted filing

2019

Revenue$18,575,111
Expenses$17,429,697
Net Income$1,145,414
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 8, 2020
Return Version
2019v5.0
Gross Receipts
$18,657,701
Mission and Program Overview

Mission

To provide water to residents and communities in south central and southeast iowa as well as to public water supply districts and communities in northern missouri.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$116,880,551$116,210,850▼ $669,701
Savings and Temporary Cash Investments$21,948,693$21,964,759▲ $16,066
Accounts Receivable$1,581,292$1,642,279▲ $60,987
Inventories for Sale or Use$829,241$1,027,102▲ $197,861
Prepaid Expenses and Deferred Charges$267,139$268,779▲ $1,640
Cash and Non-Interest-Bearing Accounts$175$175→ $0
Total Assets$143,729,059$143,261,649▼ $467,410
Other Assets Total$2,221,968$2,147,705▼ $74,263
Liabilities
Mortgage Notes Payable Secured by Investment Property$44,945,358$42,779,604▼ $2,165,754
Accounts Payable and Accrued Expenses$1,520,929$1,838,501▲ $317,572
Total Liabilities$46,466,287$44,618,105▼ $1,848,182
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$97,262,772$98,643,544▲ $1,380,772
Total Net Assets Fund Balance$97,262,772$98,643,544▲ $1,380,772
Total Liabilities and Net Assets / Fund Balance$143,729,059$143,261,649▼ $467,410

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$82,412,186$53,090,878$135,503,064
Buildings$29,395,841$15,303,235$44,699,076
Equipment$3,767,136$5,656,834$9,423,970
Land$635,687-$635,687
Compensation and Service Providers
Top Officer Pay5th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John GlennCEOFT$162,944$27,693$190,637
Rod GlosserCFOFT$121,615$30,827$152,442
Garry SchillerDirector-$5,114-$5,114
Doug GobenSecretary/tr-$3,866-$3,866
Ken WuthrichDirector-$3,620-$3,620
Dennis AmossVice Chairma-$3,568-$3,568
Randy EddyChairman-$3,084-$3,084
Charla Warner Joined 62019Director-$2,737-$2,737
Curt Frank Joined 82019Director-$1,960-$1,960
Mike Fesler Left 42019Secretary/tr-$1,858-$1,858

Board Members and Trustees

NameTitle
Kenneth C Warner Left 12019Chairman
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$17,792,312
Investment Income
$782,799
Other Revenue
$0
Change in Net Assets
$1,145,414

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,262,205
Revenue Not Reported on Financial Statements
$312,906
Revenue Not Reported on Form 990
$235,358
Other Revenue Adjustments
$312,906
Total Revenue per Audited Statements
$18,497,563
Total Revenue per Form 990
$18,575,111
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,266,506
Salaries, Compensation, and Employee Benefits$5,162,441
Grants and Similar Amounts Paid$750
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$3,917,469
Other Salaries and Wages---$3,331,156
Interest---$1,675,692
Other Employee Benefits---$1,488,206
Occupancy---$1,050,029
Other Expenses---$718,267
Current Officers, Directors, Trustees, and Key Employees---$343,079
Office Expenses---$239,068
Fees for Services Other---$236,883
Insurance---$106,551
Travel---$60,231
Fees for Services Accounting---$18,050
Information Technology---$3,233
Grants to Domestic Individuals---$750
All Other Expenses---$-361,531
Total Functional Expenses$0$0$0$17,429,697

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$17,429,697
Expenses per Audited Statements$17,116,791
Total Expenses per Audited Statements$17,116,791
Expenses Not Reported on Financial Statements$312,906
Other Expense Adjustments$312,906
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
No
Audit committee
Yes
Backup withholding compliance
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
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 6

“When a hookup is connected, the corresponding owner pays a fee to rathbun regional water as a membership fee and is considered a member as long as they maintain the hookup in the rural water district.”

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

“Board members serve a three year term. When their term is expiring, a nominating committee recommends individuals, which must be a rathbun regional water member, to be placed on the ballot. Individuals may also be placed on the ballot by petition. These individuals are then voted on by members in attendance of the annual meeting in february.”

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

“A draft of the form 990 is presented to the cfo for review. Upon approval, a final draft of the form 990 is prepared and submitted to the internal revenue service.”

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

“Compensation for executive director is set by entire board of directors after confidential employee evaluation forms are completed and performance is discussed in closed session without executive director present. Salary comparisons with other similar entities is utilized during this process. Top management and other officers go through a similar process, however the executive director is involved with the board in closed session. No independent/outside individuals are utilized to review and/or approve compensation.”

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

“Compensation for executive director is set by entire board of directors after confidential employee evaluation forms are completed and performance is discussed in closed session without executive director present. Salary comparisons with other similar entities is utilized during this process. Top management and other officers go through a similar process, however the executive director is involved with the board in closed session. No independent/outside individuals are utilized to review and/or approve compensation.”

Form 990, Page 6, Part VI, Line 19

“Made available upon request”

Filing and Contact Details

Filer

Filer Name
Rathbun Regional Water
EIN
23-7189705
Phone
6416472416
Address
16166 HWY J29, CENTERVILLE, IA 52544

Signing Officer

Name
Rod Glosser
Title
CFO
Phone
6416472416
Signed
2020-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Eddy
Formed
1976
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
71

Preparer

Firm
Tdt Cpas and Advisors Pc
Address
1245 JORDAN CREEK PKWY SUITE 100, WEST DES MOINES, IA 50266-2300
Preparer
Dan Montgomery CPA
Phone
6416289411
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The association is exempt from federal and state income taxes under section 501(c)(12) of the internal revenue code. However, income from certain activities not directly related to the association's tax-exempt purpose is subject to taxation as unrelated business income. There was no tax liability for the years ended december 31, 2019 and 2018. The association is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

Schedule D, Page 4, Part XI, Line 4B

“Patronage dividend income 186,130 construction supplies 126,776”

Schedule D, Page 4, Part XII, Line 4B

“Patronage dividend income 186,130 construction supplies 126,776”

Raw XML AppendixShowing 400 of 420 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/OtherEmployeeBenefitsGrp/TotalAmt01488206
IRS990/OtherExpensesGrp/Desc0WATER PURCHASES
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2PURIFICATION CHEMICALS
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/TotalAmt01738657
IRS990/OtherExpensesGrp/TotalAmt11575179
IRS990/OtherExpensesGrp/TotalAmt21288728
IRS990/OtherExpensesGrp/TotalAmt3718267
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IRS990/OtherSourcesGrossIncomeAmt0981281
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0267139
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0268779
IRS990/PrincipalOfficerNm0RANDY EDDY
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
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IRS990/ProgramServiceRevenueGrp/Desc0WATER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1CONSTRUCTION INCOME
IRS990/ProgramServiceRevenueGrp/Desc2WASTE WATER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3CONNECTION FEES
IRS990/ProgramServiceRevenueGrp/Desc4OTHER OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016580270
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1708423
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2236115
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3151612
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4111360
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016580270
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1708423
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2236115
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3151612
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4111360
IRS990/ProgSrvcAccomActy2Grp/Desc0COLLECTION AND TREATMENT OF WASTEWATER: 715 AVERAGE ACTIVE CUSTOMERS AT 12 -31-2019 AND 23,856,000 GALLONS BILLED IN 2019.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0750
IRS990/PYInvestmentIncomeAmt0653358
IRS990/PYOtherExpensesAmt011787184
IRS990/PYProgramServiceRevenueAmt021365623
IRS990/PYRevenuesLessExpensesAmt05523127
IRS990/PYSalariesCompEmpBnftPaidAmt04707920
IRS990/PYTotalExpensesAmt016495854
IRS990/PYTotalRevenueAmt022018981
IRS990/ReconcilationRevenueExpnssAmt01145414
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021948693
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021964759
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt029395841
IRS990ScheduleD/BuildingsGrp/DepreciationAmt015303235
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt044699076
IRS990ScheduleD/EquipmentGrp/BookValueAmt03767136
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05656834
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09423970
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0312906
IRS990ScheduleD/ExpensesSubtotalAmt017116791
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0635687
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0635687
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0235358
IRS990ScheduleD/OtherExpensesNotIncludedAmt0312906
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt082412186
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt053090878
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0135503064
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0312906
IRS990ScheduleD/RevenueNotReportedAmt0235358
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0312906
IRS990ScheduleD/RevenueSubtotalAmt018262205
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ASSOCIATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE WAS NO TAX LIABILITY FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PATRONAGE DIVIDEND INCOME 186,130 CONSTRUCTION SUPPLIES 126,776
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2PATRONAGE DIVIDEND INCOME 186,130 CONSTRUCTION SUPPLIES 126,776
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0116210850
IRS990ScheduleD/TotalExpensesPerForm990Amt017429697
IRS990ScheduleD/TotalRevenuePerForm990Amt018575111
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt018497563
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017116791
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0162944
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1121615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt027693
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt130827
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN GLENN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ROD GLOSSER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0190637
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1152442
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WHEN A HOOKUP IS CONNECTED, THE CORRESPONDING OWNER PAYS A FEE TO RATHBUN REGIONAL WATER AS A MEMBERSHIP FEE AND IS CONSIDERED A MEMBER AS LONG AS THEY MAINTAIN THE HOOKUP IN THE RURAL WATER DISTRICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS SERVE A THREE YEAR TERM. WHEN THEIR TERM IS EXPIRING, A NOMINATING COMMITTEE RECOMMENDS INDIVIDUALS, WHICH MUST BE A RATHBUN REGIONAL WATER MEMBER, TO BE PLACED ON THE BALLOT. INDIVIDUALS MAY ALSO BE PLACED ON THE BALLOT BY PETITION. THESE INDIVIDUALS ARE THEN VOTED ON BY MEMBERS IN ATTENDANCE OF THE ANNUAL MEETING IN FEBRUARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE FORM 990 IS PRESENTED TO THE CFO FOR REVIEW. UPON APPROVAL, A FINAL DRAFT OF THE FORM 990 IS PREPARED AND SUBMITTED TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR EXECUTIVE DIRECTOR IS SET BY ENTIRE BOARD OF DIRECTORS AFTER CONFIDENTIAL EMPLOYEE EVALUATION FORMS ARE COMPLETED AND PERFORMANCE IS DISCUSSED IN CLOSED SESSION WITHOUT EXECUTIVE DIRECTOR PRESENT. SALARY COMPARISONS WITH OTHER SIMILAR ENTITIES IS UTILIZED DURING THIS PROCESS. TOP MANAGEMENT AND OTHER OFFICERS GO THROUGH A SIMILAR PROCESS, HOWEVER THE EXECUTIVE DIRECTOR IS INVOLVED WITH THE BOARD IN CLOSED SESSION. NO INDEPENDENT/OUTSIDE INDIVIDUALS ARE UTILIZED TO REVIEW AND/OR APPROVE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION FOR EXECUTIVE DIRECTOR IS SET BY ENTIRE BOARD OF DIRECTORS AFTER CONFIDENTIAL EMPLOYEE EVALUATION FORMS ARE COMPLETED AND PERFORMANCE IS DISCUSSED IN CLOSED SESSION WITHOUT EXECUTIVE DIRECTOR PRESENT. SALARY COMPARISONS WITH OTHER SIMILAR ENTITIES IS UTILIZED DURING THIS PROCESS. TOP MANAGEMENT AND OTHER OFFICERS GO THROUGH A SIMILAR PROCESS, HOWEVER THE EXECUTIVE DIRECTOR IS INVOLVED WITH THE BOARD IN CLOSED SESSION. NO INDEPENDENT/OUTSIDE INDIVIDUALS ARE UTILIZED TO REVIEW AND/OR APPROVE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0143261649
IRS990/TotalAssetsGrp/BOYAmt0143729059
IRS990/TotalAssetsGrp/EOYAmt0143261649
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt071
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt017429697
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt046466287
IRS990/TotalLiabilitiesEOYAmt044618105
IRS990/TotalLiabilitiesGrp/BOYAmt046466287
IRS990/TotalLiabilitiesGrp/EOYAmt044618105
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt097262772
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt098643544
IRS990/TotalOtherCompensationAmt058520
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt04532
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt04532
IRS990/TotalProgramServiceRevenueAmt017792312
IRS990/TotalReportableCompFromOrgAmt0310366
IRS990/TotalRevenueGrp/ExclusionAmt0604263
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017970848
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt018575111
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0143729059
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0143261649
IRS990/TravelGrp/TotalAmt060231
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt018365 HWY 5
IRS990/USAddress/CityNm0CENTERVILLE
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052544
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.RRWA.NET
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROD GLOSSER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum06416472416
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RATHBUN REGIONAL WATER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0RATH
ReturnHeader/Filer/EIN0237189705
ReturnHeader/Filer/PhoneNum06416472416
ReturnHeader/Filer/USAddress/AddressLine1Txt016166 HWY J29
ReturnHeader/Filer/USAddress/CityNm0CENTERVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AEA755ADB700C123AF91AD7EA3DAA3CA7796BDDE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$143,261,649
Liabilities
$44,618,105
Net assets
$98,643,544
Revenue
$18,575,111
Expenses
$17,429,697
Net income
$1,145,414
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$156$39.2$117$24.2$21.5$2.66
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$149$37.5$112$27.7$18.9$8.80
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$144$40.2$103$19.5$17.3$2.25
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$144$42.3$101$20.1$17.6$2.48
2019Detailed filing. Detailed filing data is available for this year.$143$44.6$98.6$18.6$17.4$1.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$141$48.9$91.8$18.6$16.4$2.16
2015Detailed filing. Detailed filing data is available for this year.$140$51.5$88.4$17.5$14.4$3.12
2013Detailed filing. Detailed filing data is available for this year.$136$54.0$82.4$16.1$14.0$2.13