Civic Intelligence

Food Processors Water Cooperative

EIN 54-0461860 • 501(c)12 • Timberville, VA

Profile

Food processors water cooperative, inc., shall consistently strive to provide each of its customers and owners with a superior product that is produced in the safest, most cost-efficient manner and to provide service that is fair and uninterrupted.

13923 Timber WayTimberville, VA 22853

fpwc.biz

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

22nd percentile

0.00x

Higher debt load relative to revenue than 22% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Net Margin

39th percentile

1.8%

Higher net margin than 39% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

99th percentile

$97,856

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 12.5% of source-year revenue.

501(c)12 • $500k-$1M nonprofits • Source year 2024

Asset Growth

26th percentile

-2.9%

Faster asset growth than 26% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

4.6%

Faster revenue growth than 55% of similar nonprofits.

501(c)12 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$612,623

Down $18,380 (-2.9%) from 2023

Liabilities

Up

$8

Up $8 from 2023

Net Assets

Down

$612,615

Down $18,388 (-2.9%) from 2023

Revenue

Up

$783,717

Up $34,132 (+4.6%) from 2023

Expenses

Down

$769,251

Down $22,947 (-2.9%) from 2023

Net Income

Up

$14,466

Up $57,079 (+134%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2012: $783,027Liabilities 2012: $145,348Net Assets 2012: $637,6792012Assets 2013: $797,995Liabilities 2013: $81,275Net Assets 2013: $716,7202013Assets 2014: $835,523Liabilities 2014: $14,458Net Assets 2014: $821,0652014Assets 2015: $977,559Liabilities 2015: $144,441Net Assets 2015: $833,1182015Assets 2016: $881,181Liabilities 2016: $81,296Net Assets 2016: $799,8852016Assets 2017: $765,397Liabilities 2017: $14,892Net Assets 2017: $750,5052017Assets 2018: $729,878Liabilities 2018: $0Net Assets 2018: $729,8782018Assets 2019: $724,000Liabilities 2019: $0Net Assets 2019: $724,0002019Assets 2020: $665,157Liabilities 2020: $0Net Assets 2020: $665,1572020Assets 2021: $675,554Liabilities 2021: $0Net Assets 2021: $675,5542021Assets 2022: $673,616Liabilities 2022: $0Net Assets 2022: $673,6162022Assets 2023: $631,003Liabilities 2023: $0Net Assets 2023: $631,0032023Assets 2024: $612,623Liabilities 2024: $8Net Assets 2024: $612,6152024

Highlighted filing

2024

Assets$612,623
Liabilities$8
Net Assets$612,615

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2012: $566,252Expenses 2012: $546,179Net Income 2012: $20,0732012Revenue 2013: $631,077Expenses 2013: $552,036Net Income 2013: $79,0412013Revenue 2014: $695,451Expenses 2014: $591,106Net Income 2014: $104,3452014Revenue 2015: $691,250Expenses 2015: $615,309Net Income 2015: $75,9412015Revenue 2016: $714,392Expenses 2016: $676,361Net Income 2016: $38,0312016Revenue 2017: $680,880Expenses 2017: $665,482Net Income 2017: $15,3982017Revenue 2018: $672,508Expenses 2018: $693,135Net Income 2018: -$20,6272018Revenue 2019: $727,469Expenses 2019: $650,829Net Income 2019: $76,6402019Revenue 2020: $682,832Expenses 2020: $690,949Net Income 2020: -$8,1172020Revenue 2021: $715,106Expenses 2021: $704,709Net Income 2021: $10,3972021Revenue 2022: $758,851Expenses 2022: $727,706Net Income 2022: $31,1452022Revenue 2023: $749,585Expenses 2023: $792,198Net Income 2023: -$42,6132023Revenue 2024: $783,717Expenses 2024: $769,251Net Income 2024: $14,4662024

Highlighted filing

2024

Revenue$783,717
Expenses$769,251
Net Income$14,466

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 22, 2025
Return Version
2024v5.0
Gross Receipts
$783,717
Mission and Program Overview

Mission

Food Processors Water Cooperative, Inc., shall consistently strive to provide each of its customers and owners with a superior product that is produced in the safest, most cost-efficient manner and to provide service that is fair and uninterrupted.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$593,503$575,115▼ $18,388
Land, Buildings, and Equipment, Net$314,845$299,010▼ $15,835
Savings and Temporary Cash Investments$128,211$106,533▼ $21,678
Accounts Receivable$63,769$68,565▲ $4,796
Cash and Non-Interest-Bearing Accounts$25,442$41,954▲ $16,512
Cap Stk Tr Prin Current Funds$37,500$37,500→ $0
Inventories for Sale or Use$14,911$12,950▼ $1,961
Prepaid Expenses and Deferred Charges$2,328$2,328→ $0
Total Assets$631,003$612,623▼ $18,380
Other Assets Total$81,497$81,283▼ $214
Liabilities
Other Liabilities-$8-
Total Liabilities$0$8▲ $8
Net Assets / Fund Balance
Total Net Assets Fund Balance$631,003$612,615▼ $18,388
Total Liabilities and Net Assets / Fund Balance$631,003$612,623▼ $18,380

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$153,281$2,073,368$2,226,649
Buildings$112,388$193,277$305,665
Other Land Buildings$29,060$189,311$218,371
Land$4,281-$4,281
Other Assets Org$81,283--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John H SpiggleGeneral ManaFT$86,682$11,174$97,856
Tara RobertsonSec/treasPT$9,202-$9,202
KIMBERLEY O'LEARYPresident-$200-$200
John GangwerDirector-$200-$200
Jose CabreraVice Preside-$200-$200
R Edward LongDirector-$200-$200
KYLE O'BRIENDirector-$100-$100
Tony KisamoreDirector-$100-$100
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$780,394
Investment Income
$3,323
Other Revenue
$0
Change in Net Assets
$14,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$404,926
Other Expenses$364,325
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$226,806
Current Officers, Directors, Trustees, and Key Employees---$108,058
Occupancy---$74,274
Depreciation Depletion---$61,201
All Other Expenses---$42,665
Other Employee Benefits---$31,096
Payroll Taxes---$25,037
Insurance---$20,693
Pension Plan Contributions---$13,929
Other Expenses---$12,325
Office Expenses---$8,047
Fees for Services Accounting---$2,600
Total Functional Expenses$0$0$0$769,251
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$8
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

375 shares of common stock outstanding at end of year. 125 shares are owned by cargill meat solutions and 250 shares by pilgrims pride corporation.

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

The full board of directors, of which three members are employees of either pilgrim's pride corporation or cargill meat solutions, vote on the appointment of board officers.

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

The governing body, which is comprised of six board members, has three members who are employees of the two stockholders: cargill meat solutions and pilgrim's pride corporation.

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

The 990 will be reviewed by management before filing.

Form 990, Page 6, Part VI, Line 18

The cooperative does not make its governing documents or financial statements available to the public.

Form 990, Page 6, Part VI, Line 19

The cooperative does not make its governing documents or financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Food Processors Water Cooperative
EIN
54-0461860
Phone
5408969161
Address
13923 TIMBER WAY, TIMBERVILLE, VA 22853

Signing Officer

Name
John H Spiggle
Title
General Manager
Phone
5408969161
Signed
2025-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John H Spiggle
Formed
1986
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
3
Employees
8

Preparer

Firm
GRAHAM POIROT AND CASERES CPA'S LLC
Address
57 SOUTH MAIN STREET STE 507, HARRISONBURG, VA 22801
Preparer
Alan G Propst
Phone
5404332001
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Food processors water cooperative, inc., shall consistently strive to provide each of its customers and owners with a superior product that is produced in the safest, most cost-efficient manner and to provide service that is fair and uninterrupted.

Form 990, Part XI, Line 9

Retirement of patronage -32,854

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FOOD PROCESSORS WATER COOPERATIVE, INC., SHALL CONSISTENTLY STRIVE TO PROVIDE EACH OF ITS CUSTOMERS AND OWNERS WITH A SUPERIOR PRODUCT THAT IS PRODUCED IN THE SAFEST, MOST COST-EFFICIENT MANNER AND TO PROVIDE SERVICE THAT IS FAIR AND UNINTERRUPTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1375 SHARES OF COMMON STOCK OUTSTANDING AT END OF YEAR. 125 SHARES ARE OWNED BY CARGILL MEAT SOLUTIONS AND 250 SHARES BY PILGRIMS PRIDE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FULL BOARD OF DIRECTORS, OF WHICH THREE MEMBERS ARE EMPLOYEES OF EITHER PILGRIM'S PRIDE CORPORATION OR CARGILL MEAT SOLUTIONS, VOTE ON THE APPOINTMENT OF BOARD OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY, WHICH IS COMPRISED OF SIX BOARD MEMBERS, HAS THREE MEMBERS WHO ARE EMPLOYEES OF THE TWO STOCKHOLDERS: CARGILL MEAT SOLUTIONS AND PILGRIM'S PRIDE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 WILL BE REVIEWED BY MANAGEMENT BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COOPERATIVE DOES NOT MAKE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE COOPERATIVE DOES NOT MAKE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7RETIREMENT OF PATRONAGE -32,854
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN H SPIGGLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOOD PROCESSORS WATER COOPERATIVE
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ReturnHeader/Filer/BusinessNameControlTxt0FOOD
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274444458
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRAHAM POIROT AND CASERES CPA'S LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt057 SOUTH MAIN STREET STE 507
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HARRISONBURG
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ReturnHeader/PreparerPersonGrp/PhoneNum05404332001
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN G PROPST
ReturnHeader/ReturnTs02025-04-30T10:57:41-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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