Civic Intelligence

Davidson Water Inc

990 • Fiscal year 2017 • EIN 56-1057522

Oct 01, 2016 to Sep 30, 2017 • Filed on Dec 06, 2017

Organization ProfileWWW.DAVIDSONWATER.COM

View Organization Page

PO Box 969Welcome, NC 27374

(336) 731-2341

Siviq Scores

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

Liabilities / Assets

2nd percentile

0.14x

Higher debt load relative to assets than 2% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

35th percentile

1.17x

Higher debt load relative to revenue than 35% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Net Margin

98th percentile

20%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

4th percentile

$152,781

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Asset Growth

51st percentile

3.1%

Faster asset growth than 51% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

9th percentile

-4.8%

Faster revenue growth than 9% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Up

$146,022,253

Up $4,448,732 (+3.1%) from 2016

Net Assets

Up

$124,948,707

Up $4,543,490 (+3.8%) from 2016

Liabilities

Down

$21,073,546

Down $94,758 (-0.4%) from 2016

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin98th percentile

Revenue

Down

$18,007,311

Down $913,599 (-4.8%) from 2016

Expenses

Up

$14,357,252

Up $1,009,682 (+7.6%) from 2016

Net Income

Down

$3,650,059

Down $1,923,281 (-35%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$200M$150M$100M$50M$0Assets 2011: $101,314,891Liabilities 2011: $4,894,568Net Assets 2011: $96,420,3232011Assets 2012: $117,922,259Liabilities 2012: $16,374,789Net Assets 2012: $101,547,4702012Assets 2013: $127,417,738Liabilities 2013: $22,398,855Net Assets 2013: $105,018,8832013Assets 2014: $131,693,700Liabilities 2014: $22,234,067Net Assets 2014: $109,459,6332014Assets 2015: $135,842,061Liabilities 2015: $21,344,682Net Assets 2015: $114,497,3792015Assets 2016: $141,573,521Liabilities 2016: $21,168,304Net Assets 2016: $120,405,2172016Assets 2017: $146,022,253Liabilities 2017: $21,073,546Net Assets 2017: $124,948,7072017Assets 2018: $149,651,347Liabilities 2018: $20,139,886Net Assets 2018: $129,511,4612018Assets 2019: $149,280,733Liabilities 2019: $13,010,303Net Assets 2019: $136,270,4302019Assets 2020: $144,718,209Liabilities 2020: $2,694,770Net Assets 2020: $142,023,4392020Assets 2021: $151,736,687Liabilities 2021: $1,645,356Net Assets 2021: $150,091,3312021Assets 2022: $156,115,966Liabilities 2022: $1,522,227Net Assets 2022: $154,593,7392022Assets 2023: $162,764,145Liabilities 2023: $1,874,632Net Assets 2023: $160,889,5132023Assets 2024: $171,439,990Liabilities 2024: $2,023,436Net Assets 2024: $169,416,5542024Assets 2025: $182,896,578Liabilities 2025: $2,216,365Net Assets 2025: $180,680,2132025

Highlighted filing

2017

Assets$146,022,253
Liabilities$21,073,546
Net Assets$124,948,707
Open 2017 Filing

Operations Trend

Revenue Growth9th percentile

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

$30M$20M$10M$0Revenue 2011: $15,742,565Expenses 2011: $10,343,052Net Income 2011: $5,399,5132011Revenue 2012: $15,537,130Expenses 2012: $11,068,582Net Income 2012: $4,468,5482012Expenses 2013: $12,044,5162013Revenue 2014: $16,867,173Expenses 2014: $12,715,321Net Income 2014: $4,151,8522014Revenue 2015: $17,849,289Expenses 2015: $13,014,795Net Income 2015: $4,834,4942015Revenue 2016: $18,920,910Expenses 2016: $13,347,570Net Income 2016: $5,573,3402016Revenue 2017: $18,007,311Expenses 2017: $14,357,252Net Income 2017: $3,650,0592017Revenue 2018: $19,515,166Expenses 2018: $14,773,973Net Income 2018: $4,741,1932018Revenue 2019: $19,502,314Expenses 2019: $15,548,159Net Income 2019: $3,954,1552019Revenue 2020: $20,052,231Expenses 2020: $15,875,379Net Income 2020: $4,176,8522020Revenue 2021: $21,916,629Expenses 2021: $15,885,183Net Income 2021: $6,031,4462021Revenue 2022: $18,462,382Expenses 2022: $16,959,717Net Income 2022: $1,502,6652022Revenue 2023: $21,946,834Expenses 2023: $18,702,022Net Income 2023: $3,244,8122023Revenue 2024: $25,015,303Expenses 2024: $20,172,002Net Income 2024: $4,843,3012024Revenue 2025: $27,927,249Expenses 2025: $21,454,807Net Income 2025: $6,472,4422025

Highlighted filing

2017

Revenue$18,007,311
Expenses$14,357,252
Net Income$3,650,059
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Dec 6, 2017
Return Version
2016v3.0
Gross Receipts
$36,697,718
Mission and Program Overview

Mission

Providing quality drinking water for over 50 years

PROVIDE WATER SERVICES

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$103,576,036$108,575,536▲ $4,999,500
Rtn Earn Endowment Incm Other Fnds$103,653,902$107,776,032▲ $4,122,130
Investments in Publicly Traded Securities$25,685,932$29,183,503▲ $3,497,571
Cap Stk Tr Prin Current Funds$16,751,315$17,172,675▲ $421,360
Savings and Temporary Cash Investments$7,074,182$3,213,578▼ $3,860,604
Accounts Receivable$1,821,664$1,846,435▲ $24,771
Inventories for Sale or Use$1,633,075$1,406,906▼ $226,169
Cash and Non-Interest-Bearing Accounts$1,192,070$1,280,370▲ $88,300
Investments Other Securities$405,148$333,652▼ $71,496
Other Notes and Loans Receivable, Net$142,658$134,679▼ $7,979
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$141,573,521$146,022,253▲ $4,448,732
Other Assets Total$42,756$47,594▲ $4,838
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,635,433$19,115,089▼ $520,344
Accounts Payable and Accrued Expenses$854,467$1,122,780▲ $268,313
Other Liabilities$678,404$835,677▲ $157,273
Total Liabilities$21,168,304$21,073,546▼ $94,758
Net Assets / Fund Balance
Total Net Assets Fund Balance$120,405,217$124,948,707▲ $4,543,490
Total Liabilities and Net Assets / Fund Balance$141,573,521$146,022,253▲ $4,448,732

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$103,643,729$75,588,609$179,232,338
Equipment$1,983,750$5,397,481$7,381,231
Buildings$1,258,093$1,724,514$2,982,607
Land$1,689,964-$1,689,964
Compensation and Service Providers
Top Officer Pay4th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ronald B SinkCEO and General ManagerFT$131,813$20,968$152,781
Chris MichaelCFO and Vice President ofFT$130,737-$130,737
Robert J WaltersVice President of ConstrucFT$128,890-$128,890
Theresa L MatthewsBoard Treasurer-$9,300-$9,300
F Lee ComerBoard President-$7,500-$7,500
Danny FitzgeraldBoard Vice-president-$7,500-$7,500
Ben HegeBoard Secretary-$7,200-$7,200
Gregg StablerDirector-$5,700-$5,700
Chad B YoungDirector-$4,500-$4,500
Richard Lee MotsingerDirector-$4,500-$4,500
Victor K PhillipsDirector-$4,200-$4,200
James LouyaDirector-$4,200-$4,200
Jason GallimoreDirector-$4,200-$4,200
Sheila PotterDirector-$4,200-$4,200
Jason HedgecockDirector-$3,900-$3,900
David Reid SmithDirector-$3,600-$3,600
Howard CraverDirector-$3,300-$3,300

Board Members and Trustees

NameTitle
Leeann Tuttle-thomasDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$17,850,612
Investment Income
$23,036
Other Revenue
$133,663
Change in Net Assets
$3,650,059

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,007,311
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$18,007,311
Total Revenue per Form 990
$18,007,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,396,272
Salaries, Compensation, and Employee Benefits$4,960,980
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$4,651,650
Comp Disqual Persons---$3,817,494
All Other Expenses---$837,180
Other Employee Benefits---$624,222
Interest---$606,986
Other Expenses---$554,242
Office Expenses---$400,757
Payroll Taxes---$271,225
Pension Plan Contributions---$248,039
Conferences and Meetings---$107,497
Fees for Service Investment Mgmnt Fees---$71,105
Information Technology---$51,765
Fees for Services Accounting---$16,250
Fees for Services Legal---$12,227
Fees for Services Other---$1,553
Total Functional Expenses$0$0$0$14,357,252

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,357,252
Total Expenses per Audited Statements$14,357,252
Total Expenses per Form 990$14,357,252
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Accrued Liabilities$786,955
Customer Advances for Constructions$43,465
Obligation Under Interest Rate Swap$1,537
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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, Part VI, Section A, Line 6

“All customers must be members of the organization.”

Form 990, Part VI, Section A, Line 7A

“Some of the board of directors are members of the organization and can elect members of the governing body.”

Form 990, Part VI, Section A, Line 7B

“Major decisions by the board are subject to vote by the members by person or by proxy.”

Form 990, Part VI, Section B, Line 11B

“The form 990 was provided to the board members for their review prior to filing.”

Form 990, Part VI, Section C, Line 19

“Officers, directors, and highly paid employees are required to disclose any conflicts of interest. They are required to sign a conflict of interest disclosure statement and update it with any changes that may occur.”

Filing and Contact Details

Filer

Filer Name
Davidson Water Inc
EIN
56-1057522
Phone
3367312341
Address
PO BOX 969, WELCOME, NC 27374

Signing Officer

Name
Ronald B Sink
Title
CEO & General Manager
Phone
3367315525
Signed
2017-12-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald B Sink
Formed
1973
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
77
Volunteers
0

Preparer

Firm
Turlington and Company Llp
Address
PO BOX 1697, LEXINGTON, NC 27293-1697
Preparer
Robert D Biesecker Jr
Phone
3362496856
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Net change in membership & contributions in aid of 421,360. Construction during the year change in accumulated other comprehensive loss 472,071.”

FORM 990, PART XII, LINE 2C:

“The company's process related to the oversight of the audit of the financial statements has not changed from the previous year.”

Financial Statement Notes

PART X, LINE 2:

“N/A”

Raw XML AppendixShowing 400 of 497 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0854467
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01122780
IRS990/AccountsReceivableGrp/BOYAmt01821664
IRS990/AccountsReceivableGrp/EOYAmt01846435
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE WATER SERVICES
IRS990/AllOtherExpensesGrp/TotalAmt0837180
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RONALD B SINK
IRS990/BooksInCareOfDetail/PhoneNum03367312341
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 969
IRS990/BooksInCareOfDetail/USAddress/CityNm0WELCOME
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027374
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt016751315
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt017172675
IRS990/CashNonInterestBearingGrp/BOYAmt01192070
IRS990/CashNonInterestBearingGrp/EOYAmt01280370
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompDisqualPersonsGrp/TotalAmt03817494
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt0107497
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt023036
IRS990/CYOtherExpensesAmt09396272
IRS990/CYOtherRevenueAmt0133663
IRS990/CYProgramServiceRevenueAmt017850612
IRS990/CYRevenuesLessExpensesAmt03650059
IRS990/CYSalariesCompEmpBnftPaidAmt04960980
IRS990/CYTotalExpensesAmt014357252
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt018007311
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt04651650
IRS990/Desc0PROVIDING WATER SERVICE TO ITS MEMBERS
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt077
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt014347128
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt016250
IRS990/FeesForServicesLegalGrp/TotalAmt012227
IRS990/FeesForServicesOtherGrp/TotalAmt01553
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt071105
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/PersonNm0F LEE COMER
IRS990/Form990PartVIISectionAGrp/PersonNm1DANNY FITZGERALD
IRS990/Form990PartVIISectionAGrp/PersonNm2BEN HEGE
IRS990/Form990PartVIISectionAGrp/PersonNm3THERESA L MATTHEWS
IRS990/Form990PartVIISectionAGrp/PersonNm4JASON GALLIMORE
IRS990/Form990PartVIISectionAGrp/PersonNm5LEEANN TUTTLE-THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm6GREGG STABLER
IRS990/Form990PartVIISectionAGrp/PersonNm7HOWARD CRAVER
IRS990/Form990PartVIISectionAGrp/PersonNm8JAMES LOUYA
IRS990/Form990PartVIISectionAGrp/PersonNm9JASON HEDGECOCK
IRS990/Form990PartVIISectionAGrp/PersonNm10RICHARD LEE MOTSINGER
IRS990/Form990PartVIISectionAGrp/PersonNm11VICTOR K PHILLIPS
IRS990/Form990PartVIISectionAGrp/PersonNm12SHEILA POTTER
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVID REID SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm14CHAD B YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm15RONALD B SINK
IRS990/Form990PartVIISectionAGrp/PersonNm16ROBERT J WALTERS
IRS990/Form990PartVIISectionAGrp/PersonNm17CHRIS MICHAEL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt07500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt27200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt39300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt44200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt65700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt73300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt84200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt93900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt104500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt114200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt124200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt133600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt144500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15152781
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16128890
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17130737
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15CEO AND GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE PRESIDENT OF CONSTRUC
IRS990/Form990PartVIISectionAGrp/TitleTxt17CFO AND VICE PRESIDENT OF
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01973
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt032215
IRS990/GainOrLossGrp/SecuritiesAmt0-607928
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt045568
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt018069126
IRS990/GrossReceiptsAmt036697718
IRS990/GrossRentsGrp/PersonalAmt055013
IRS990/GrossRentsGrp/RealAmt078650
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt051765
IRS990/InterestGrp/TotalAmt0606986
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01633075
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01406906
IRS990/InvestmentIncomeGrp/ExclusionAmt0598749
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0598749
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0405148
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0333652
IRS990/InvestmentsPubTradedSecGrp/BOYAmt025685932
IRS990/InvestmentsPubTradedSecGrp/EOYAmt029183503
IRS990/IRPDocumentCnt018
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt082710604
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0103576036
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0108575536
IRS990/LandBldgEquipCostOrOtherBssAmt0191286140
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt013353
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt018677054
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt017685097
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDING QUALITY DRINKING WATER FOR OVER 40 YEARS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt019635433
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt019115089
IRS990/NetAssetsOrFundBalancesBOYAmt0120405217
IRS990/NetAssetsOrFundBalancesEOYAmt0124948707
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-575713
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-575713
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt078650
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0133663
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt055013
IRS990/NetUnrelatedBusTxblIncmAmt051852
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt0400757
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt042756
IRS990/OtherAssetsTotalGrp/EOYAmt047594
IRS990/OtherChangesInNetAssetsAmt0893431
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0624222
IRS990/OtherExpensesGrp/Desc0INCOME TAX
IRS990/OtherExpensesGrp/Desc1EQUIPMENT AND MAINTANCE
IRS990/OtherExpensesGrp/Desc2ELECTRICITY
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/TotalAmt010124
IRS990/OtherExpensesGrp/TotalAmt11297608
IRS990/OtherExpensesGrp/TotalAmt2777328
IRS990/OtherExpensesGrp/TotalAmt3554242
IRS990/OtherLiabilitiesGrp/BOYAmt0678404
IRS990/OtherLiabilitiesGrp/EOYAmt0835677
IRS990/OtherSourcesGrossIncomeAmt0322214
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0142658
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0134679
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0271225
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0248039
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RONALD B SINK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/BusinessCd4221000
IRS990/ProgramServiceRevenueGrp/Desc0WATER SALES
IRS990/ProgramServiceRevenueGrp/Desc1CONNECTION FEES
IRS990/ProgramServiceRevenueGrp/Desc2RECONNECTION FEES
IRS990/ProgramServiceRevenueGrp/Desc3SEWER COLLECTION
IRS990/ProgramServiceRevenueGrp/Desc4MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0131184
IRS990/ProgramServiceRevenueGrp/ExclusionAmt134331
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016388111
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1980638
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2316348
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016388111
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1980638
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2316348
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3131184
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt434331
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01363937
IRS990/PYOtherExpensesAmt08652185
IRS990/PYOtherRevenueAmt0122412
IRS990/PYProgramServiceRevenueAmt017434561
IRS990/PYRevenuesLessExpensesAmt05573340
IRS990/PYSalariesCompEmpBnftPaidAmt04695385
IRS990/PYTotalExpensesAmt013347570
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt018920910
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt03650059
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt055013
IRS990/RentalIncomeOrLossGrp/RealAmt078650
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt017685097
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0103653902
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0107776032
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07074182
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03213578
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01258093
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01724514
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02982607
IRS990ScheduleD/EquipmentGrp/BookValueAmt01983750
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05397481
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07381231
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt014357252
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt03720
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01689964
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01689964
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0103643729
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt075588609
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0179232338
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0786955
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt143465
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21537
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTOMER ADVANCES FOR CONSTRUCTIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OBLIGATION UNDER INTEREST RATE SWAP
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt018007311
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0108575536
IRS990ScheduleD/TotalExpensesPerForm990Amt014357252
IRS990ScheduleD/TotalLiabilityAmt0835677
IRS990ScheduleD/TotalRevenuePerForm990Amt018007311
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt018007311
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014357252
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0131813
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt020968
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RONALD B SINK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO AND GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0152781
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$146,022,253
Liabilities
$21,073,546
Net assets
$124,948,707
Revenue
$18,007,311
Expenses
$14,357,252
Net income
$3,650,059
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$183$2.22$181$27.9$21.5$6.47
2024Detailed filing. Detailed filing data is available for this year.$171$2.02$169$25.0$20.2$4.84
2023Detailed filing. Detailed filing data is available for this year.$163$1.87$161$21.9$18.7$3.24
2022Detailed filing. Detailed filing data is available for this year.$156$1.52$155$18.5$17.0$1.50
2021Detailed filing. Detailed filing data is available for this year.$152$1.65$150$21.9$15.9$6.03
2020Detailed filing. Detailed filing data is available for this year.$145$2.69$142$20.1$15.9$4.18
2019Detailed filing. Detailed filing data is available for this year.$149$13.0$136$19.5$15.5$3.95
2018Detailed filing. Detailed filing data is available for this year.$150$20.1$130$19.5$14.8$4.74
2017Detailed filing. Detailed filing data is available for this year.$146$21.1$125$18.0$14.4$3.65
2016Detailed filing. Detailed filing data is available for this year.$142$21.2$120$18.9$13.3$5.57
2015Detailed filing. Detailed filing data is available for this year.$136$21.3$114$17.8$13.0$4.83
2014Detailed filing. Detailed filing data is available for this year.$132$22.2$109$16.9$12.7$4.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$127$22.4$105$12.0
2012Summary only. Only limited summary data is available for this year.$118$16.4$102$15.5$11.1$4.47
2011Summary only. Only limited summary data is available for this year.$101$4.89$96.4$15.7$10.3$5.40