Civic Intelligence

Rural Water System Number 1

990 • Fiscal year 2024 • EIN 42-0946161

Jan 01, 2024 to Dec 31, 2024 • Filed on Jun 03, 2025

Organization ProfileN/A
4438 380th StHospers, IA 51238

(712) 752-8318

Siviq Scores

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

Liabilities / Assets

81st percentile

0.61x

Higher debt load relative to assets than 81% of similar nonprofits.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

6.49x

Higher debt load relative to revenue than 96% of similar nonprofits.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2024

Net Margin

69th percentile

9.5%

Higher net margin than 69% of similar nonprofits.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

32nd percentile

$172,335

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2024

Asset Growth

62nd percentile

5.3%

Faster asset growth than 62% of similar nonprofits.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

1.3%

Faster revenue growth than 34% of similar nonprofits.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$36,384,259

Up $1,830,484 (+5.3%) from 2023

Net Assets

Up

$14,296,459

Up $325,734 (+2.3%) from 2023

Liabilities

Up

$22,087,800

Up $1,504,750 (+7.3%) from 2023

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin69th percentile

Revenue

Up

$3,401,082

Up $42,579 (+1.3%) from 2023

Expenses

Up

$3,076,468

Up $121,965 (+4.1%) from 2023

Net Income

Down

$324,614

Down $79,386 (-20%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$40M$30M$20M$10M$0Assets 2011: $27,851,508Liabilities 2011: $17,906,541Net Assets 2011: $9,944,9672011Assets 2012: $27,318,246Liabilities 2012: $16,930,782Net Assets 2012: $10,387,4642012Assets 2013: $27,145,375Liabilities 2013: $16,220,060Net Assets 2013: $10,925,3152013Assets 2014: $26,652,136Liabilities 2014: $15,294,961Net Assets 2014: $11,357,1752014Assets 2015: $26,329,654Liabilities 2015: $14,575,674Net Assets 2015: $11,753,9802015Assets 2016: $25,887,174Liabilities 2016: $13,809,357Net Assets 2016: $12,077,8172016Assets 2017: $25,531,141Liabilities 2017: $13,231,651Net Assets 2017: $12,299,4902017Assets 2018: $27,401,677Liabilities 2018: $14,925,415Net Assets 2018: $12,476,2622018Assets 2019: $29,858,533Liabilities 2019: $17,311,335Net Assets 2019: $12,547,1982019Assets 2020: $33,078,228Liabilities 2020: $20,229,884Net Assets 2020: $12,848,3442020Assets 2021: $33,250,525Liabilities 2021: $19,971,901Net Assets 2021: $13,278,6242021Assets 2022: $33,489,450Liabilities 2022: $19,924,485Net Assets 2022: $13,564,9652022Assets 2023: $34,553,775Liabilities 2023: $20,583,050Net Assets 2023: $13,970,7252023Assets 2024: $36,384,259Liabilities 2024: $22,087,800Net Assets 2024: $14,296,4592024

Highlighted filing

2024

Assets$36,384,259
Liabilities$22,087,800
Net Assets$14,296,459
Open 2024 Filing

Operations Trend

Revenue Growth34th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2011: $2,284,940Expenses 2011: $2,133,429Net Income 2011: $151,5112011Revenue 2012: $2,604,590Expenses 2012: $2,163,213Net Income 2012: $441,3772012Revenue 2013: $2,691,789Expenses 2013: $2,155,058Net Income 2013: $536,7312013Revenue 2014: $2,555,257Expenses 2014: $2,124,515Net Income 2014: $430,7422014Revenue 2015: $2,640,808Expenses 2015: $2,245,122Net Income 2015: $395,6862015Revenue 2016: $2,606,011Expenses 2016: $2,282,654Net Income 2016: $323,3572016Revenue 2017: $2,591,969Expenses 2017: $2,370,936Net Income 2017: $221,0332017Revenue 2018: $2,691,689Expenses 2018: $2,515,557Net Income 2018: $176,1322018Revenue 2019: $2,663,696Expenses 2019: $2,594,200Net Income 2019: $69,4962019Revenue 2020: $3,042,999Expenses 2020: $2,746,333Net Income 2020: $296,6662020Revenue 2021: $3,210,114Expenses 2021: $2,780,474Net Income 2021: $429,6402021Revenue 2022: $3,176,291Expenses 2022: $2,891,390Net Income 2022: $284,9012022Revenue 2023: $3,358,503Expenses 2023: $2,954,503Net Income 2023: $404,0002023Revenue 2024: $3,401,082Expenses 2024: $3,076,468Net Income 2024: $324,6142024

Highlighted filing

2024

Revenue$3,401,082
Expenses$3,076,468
Net Income$324,614
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 3, 2025
Return Version
2024v5.0
Gross Receipts
$4,690,416
Mission and Program Overview

Mission

WATER SALES

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,632,201$33,058,685▲ $1,426,484
Rtn Earn Endowment Incm Other Fnds$11,759,414$12,084,028▲ $324,614
Pd in Cap Srpls Land Bldg Eqp Fund$1,959,774$1,959,774→ $0
Savings and Temporary Cash Investments$1,411,039$1,514,007▲ $102,968
Inventories for Sale or Use$186,317$350,993▲ $164,676
Cap Stk Tr Prin Current Funds$251,537$252,657▲ $1,120
Cash and Non-Interest-Bearing Accounts$50,231$126,852▲ $76,621
Prepaid Expenses and Deferred Charges$20,429$22,046▲ $1,617
Accounts Receivable$11,879$6,882▼ $4,997
Total Assets$34,553,775$36,384,259▲ $1,830,484
Other Assets Total$1,241,679$1,304,794▲ $63,115
Liabilities
Mortgage Notes Payable Secured by Investment Property$20,240,227$21,573,213▲ $1,332,986
Accounts Payable and Accrued Expenses$342,823$514,587▲ $171,764
Total Liabilities$20,583,050$22,087,800▲ $1,504,750
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,970,725$14,296,459▲ $325,734
Total Liabilities and Net Assets / Fund Balance$34,553,775$36,384,259▲ $1,830,484

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$28,998,223$26,243,119-
Land$4,060,462--
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Randy IedemaManagerFT$172,335$172,335
Matt HanenburgPresidentPT$1,750$1,750
Micah SchoutenSecretaryPT$1,750$1,750
Justin BoersmaDirectorPT$1,375$1,375
Paul StollDirectorPT$1,250$1,250
Aaron SnellerDirectorPT$1,125$1,125
Dan BuyertVice PresidePT$1,000$1,000
Jeff BeyerDirectorPT$875$875
Jake GranstraDirectorPT$750$750
Josh CroattDirectorPT$750$750
Craig HoftyzerDirectorPT$375$375
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$278,350
Investment Income
$93,083
Other Revenue
$3,029,649
Change in Net Assets
$324,614

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,401,082
Revenue Not Reported on Form 990
$1,229,120
Total Revenue per Audited Statements
$4,630,202
Total Revenue per Form 990
$3,401,082
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,623,366
Salaries, Compensation, and Employee Benefits$453,102
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$1,047,083
Current Officers, Directors, Trustees, and Key Employees---$183,335
Other Employee Benefits---$103,837
Other Salaries and Wages---$78,880
Insurance---$68,518
Payroll Taxes---$53,280
Pension Plan Contributions---$33,770
Office Expenses---$28,243
Fees for Services Accounting---$13,990
Advertising---$10,000
Other Expenses---$3,083
Total Functional Expenses$0$0$0$3,076,468

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,305,588
Expenses per Audited Statements$3,076,468
Total Expenses per Form 990$3,076,468
Expenses Not Reported on Form 990$1,229,120
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
No
Backup withholding compliance
No
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
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 6

“Each customer served by rural water system 1 is also a member”

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

“Members elect the board of directors at each annual meeting”

Form 990, Page 6, Part VI, Line 8B

“There are no committees with authority to act on behalf of the board of directors”

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

“The board of directors are provided with a copy of form 990 each year and is reviewed by the board at a board meeting”

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

“Board members are required to sign a conflict of interest statement when elected. They are aware that if anything changes they are to let management and other board members know immediately. If a conflict exists, the board member excuses themselves from decisions that affect the other entity involved.”

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

“The system has a compensation committee that oversees all employees reiew and wage & benefit changes”

Form 990, Page 6, Part VI, Line 19

“Financial information is presented to the members each year at the annual meeting. Members are notified of the annual meeting through a mailing. All information is available upon request at the main office during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Rural Water System Number 1
EIN
42-0946161
Address
4438 380TH ST, HOSPERS, IA 51238

Signing Officer

Name
Randy Iedema
Title
Manager
Phone
7127528318
Signed
2025-06-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Iedema
Formed
1969
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
10

Preparer

Firm
K F Murphy Co Pc
Address
PO BOX 219, SHELDON, IA 51201-0219
Preparer
Kenneth F Murphy
Phone
7123245005
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Membership certificates 1,120”

Financial Statement Notes

Schedule D, Page 3, Part X

“Management has evaluated for uncerain tax positions and none were found as of 12/31/2024. Tax returns for the past three years remain open for examination by tax jurisdictions.”

Schedule D, Page 4, Part XI, Line 2D

“Cost of sales included as gross revenue 1,229,120”

Schedule D, Page 4, Part XII, Line 2D

“Cost of sales included as gross revenue 1,229,120”

Raw XML Appendix388 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/OtherSalariesAndWagesGrp/TotalAmt078880
IRS990/OtherSourcesGrossIncomeAmt0371433
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt053280
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01959774
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01959774
IRS990/PensionPlanContributionsGrp/TotalAmt033770
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020429
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022046
IRS990/PrincipalOfficerNm0RANDY IEDEMA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0OTHER PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0278350
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0278350
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0136453
IRS990/PYOtherExpensesAmt02521631
IRS990/PYOtherRevenueAmt02950554
IRS990/PYProgramServiceRevenueAmt0271496
IRS990/PYRevenuesLessExpensesAmt0404000
IRS990/PYSalariesCompEmpBnftPaidAmt0432872
IRS990/PYTotalExpensesAmt02954503
IRS990/PYTotalRevenueAmt03358503
IRS990/ReconcilationRevenueExpnssAmt0324614
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03401082
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt011759414
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt012084028
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01411039
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01514007
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt028998223
IRS990ScheduleD/BuildingsGrp/DepreciationAmt026243119
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt055241342
IRS990ScheduleD/ExpensesNotReportedAmt01229120
IRS990ScheduleD/ExpensesSubtotalAmt03076468
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt04060462
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt04060462
IRS990ScheduleD/OtherExpensesIncludedAmt01229120
IRS990ScheduleD/OtherRevenueAmt01229120
IRS990ScheduleD/RevenueNotReportedAmt01229120
IRS990ScheduleD/RevenueSubtotalAmt03401082
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED FOR UNCERAIN TAX POSITIONS AND NONE WERE FOUND AS OF 12/31/2024. TAX RETURNS FOR THE PAST THREE YEARS REMAIN OPEN FOR EXAMINATION BY TAX JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF SALES INCLUDED AS GROSS REVENUE 1,229,120
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF SALES INCLUDED AS GROSS REVENUE 1,229,120
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt033058685
IRS990ScheduleD/TotalExpensesPerForm990Amt03076468
IRS990ScheduleD/TotalRevenuePerForm990Amt03401082
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04630202
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04305588
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0172335
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RANDY IEDEMA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0172335
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS MEET TO DISCUSS THE COMPENSATION OF THE MANAGER. THEY COMPARE HIS SALARY TO OTHERS IN THE SAME BUSINESS AND DISCUSS VARIOUS OTHER FACTORS AFFECTING COMPENSATION. DOCUMENTATION OF ALL DISCUSSIONS ARE INCLUDED IN THE EMPLOYEE'S PERSONNEL FILE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH CUSTOMER SERVED BY RURAL WATER SYSTEM 1 IS ALSO A MEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE BOARD OF DIRECTORS AT EACH ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ARE PROVIDED WITH A COPY OF FORM 990 EACH YEAR AND IS REVIEWED BY THE BOARD AT A BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT WHEN ELECTED. THEY ARE AWARE THAT IF ANYTHING CHANGES THEY ARE TO LET MANAGEMENT AND OTHER BOARD MEMBERS KNOW IMMEDIATELY. IF A CONFLICT EXISTS, THE BOARD MEMBER EXCUSES THEMSELVES FROM DECISIONS THAT AFFECT THE OTHER ENTITY INVOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SYSTEM HAS A COMPENSATION COMMITTEE THAT OVERSEES ALL EMPLOYEES REIEW AND WAGE & BENEFIT CHANGES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL INFORMATION IS PRESENTED TO THE MEMBERS EACH YEAR AT THE ANNUAL MEETING. MEMBERS ARE NOTIFIED OF THE ANNUAL MEETING THROUGH A MAILING. ALL INFORMATION IS AVAILABLE UPON REQUEST AT THE MAIN OFFICE DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MEMBERSHIP CERTIFICATES 1,120
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 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt034553775
IRS990/TotalAssetsEOYAmt036384259
IRS990/TotalAssetsGrp/BOYAmt034553775
IRS990/TotalAssetsGrp/EOYAmt036384259
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03076468
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020583050
IRS990/TotalLiabilitiesEOYAmt022087800
IRS990/TotalLiabilitiesGrp/BOYAmt020583050
IRS990/TotalLiabilitiesGrp/EOYAmt022087800
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013970725
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt014296459
IRS990/TotalProgramServiceExpensesAmt03076468
IRS990/TotalProgramServiceRevenueAmt0278350
IRS990/TotalReportableCompFromOrgAmt0183335
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03401082
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03401082
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt034553775
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt036384259
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04438 380TH ST
IRS990/USAddress/CityNm0HOSPERS
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd051238
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RANDY IEDEMA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum07127528318
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RURAL WATER SYSTEM NUMBER 1
ReturnHeader/Filer/BusinessNameControlTxt0RURA
ReturnHeader/Filer/EIN0420946161
ReturnHeader/Filer/USAddress/AddressLine1Txt04438 380TH ST
ReturnHeader/Filer/USAddress/CityNm0HOSPERS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd051238
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421393615
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0K F MURPHY CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 219
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SHELDON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0512010219
ReturnHeader/PreparerPersonGrp/PhoneNum07123245005
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH F MURPHY
ReturnHeader/ReturnTs02025-06-23T12:32:28-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$36,384,259
Liabilities
$22,087,800
Net assets
$14,296,459
Revenue
$3,401,082
Expenses
$3,076,468
Net income
$324,614
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$36.4$22.1$14.3$3.40$3.08$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.6$20.6$14.0$3.36$2.95$0.40
2022Detailed filing. Detailed filing data is available for this year.$33.5$19.9$13.6$3.18$2.89$0.28
2021Detailed filing. Detailed filing data is available for this year.$33.3$20.0$13.3$3.21$2.78$0.43
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.1$20.2$12.8$3.04$2.75$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.9$17.3$12.5$2.66$2.59$0.07
2018Summary only. Only limited summary data is available for this year.$27.4$14.9$12.5$2.69$2.52$0.18
2017Summary only. Only limited summary data is available for this year.$25.5$13.2$12.3$2.59$2.37$0.22
2016Summary only. Only limited summary data is available for this year.$25.9$13.8$12.1$2.61$2.28$0.32
2015Summary only. Only limited summary data is available for this year.$26.3$14.6$11.8$2.64$2.25$0.40
2014Summary only. Only limited summary data is available for this year.$26.7$15.3$11.4$2.56$2.12$0.43
2013Summary only. Only limited summary data is available for this year.$27.1$16.2$10.9$2.69$2.16$0.54
2012Summary only. Only limited summary data is available for this year.$27.3$16.9$10.4$2.60$2.16$0.44
2011Summary only. Only limited summary data is available for this year.$27.9$17.9$9.94$2.28$2.13$0.15