Civic Intelligence

Davidson Water Inc

990 • Fiscal year 2024 • EIN 56-1057522

Oct 01, 2023 to Sep 30, 2024 • Filed on Jan 16, 2025

Organization ProfileWWW.DAVIDSONWATER.COM

View Organization Page

PO Box 969Welcome, NC 27374

(336) 731-5500

Siviq Scores

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

Liabilities / Assets

1st percentile

0.01x

Higher debt load relative to assets than 1% of similar nonprofits.

2024 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

1st percentile

0.08x

Higher debt load relative to revenue than 1% of similar nonprofits.

2024 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2024

Net Margin

96th percentile

19%

Higher net margin than 96% of similar nonprofits.

2024 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

10th percentile

$237,257

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2024 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2024

Asset Growth

61st percentile

5.3%

Faster asset growth than 61% of similar nonprofits.

2024 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

14%

Faster revenue growth than 94% of similar nonprofits.

2024 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets1st percentile

Assets

Up

$171,439,990

Up $8,675,845 (+5.3%) from 2023

Net Assets

Up

$169,416,554

Up $8,527,041 (+5.3%) from 2023

Liabilities

Up

$2,023,436

Up $148,804 (+7.9%) from 2023

Revenue And Expenses
Liabilities / Revenue1st percentileNet Margin96th percentile

Revenue

Up

$25,015,303

Up $3,068,469 (+14%) from 2023

Expenses

Up

$20,172,002

Up $1,469,980 (+7.9%) from 2023

Net Income

Up

$4,843,301

Up $1,598,489 (+49%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2024

Assets$171,439,990
Liabilities$2,023,436
Net Assets$169,416,554
Open 2024 Filing

Operations Trend

Revenue Growth94th 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

2024

Revenue$25,015,303
Expenses$20,172,002
Net Income$4,843,301
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jan 16, 2025
Return Version
2023v6.0
Gross Receipts
$41,475,232
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$121,134,470$122,748,160▲ $1,613,690
Rtn Earn Endowment Incm Other Fnds$105,917,860$111,071,357▲ $5,153,497
Cap Stk Tr Prin Current Funds$54,971,653$58,345,197▲ $3,373,544
Investments in Publicly Traded Securities$29,700,687$29,363,279▼ $337,408
Savings and Temporary Cash Investments$6,019,018$13,296,192▲ $7,277,174
Inventories for Sale or Use$2,557,288$2,786,944▲ $229,656
Accounts Receivable$2,008,022$2,023,705▲ $15,683
Cash and Non-Interest-Bearing Accounts$959,058$835,543▼ $123,515
Investments Other Securities$151,683$136,833▼ $14,850
Other Notes and Loans Receivable, Net$80,453$71,104▼ $9,349
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$162,764,145$171,439,990▲ $8,675,845
Other Assets Total$153,466$178,230▲ $24,764
Liabilities
Accounts Payable and Accrued Expenses$822,796$1,084,336▲ $261,540
Other Liabilities$1,051,836$939,100▼ $112,736
Total Liabilities$1,874,632$2,023,436▲ $148,804
Net Assets / Fund Balance
Total Net Assets Fund Balance$160,889,513$169,416,554▲ $8,527,041
Total Liabilities and Net Assets / Fund Balance$162,764,145$171,439,990▲ $8,675,845

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$117,691,960$108,901,250$226,593,210
Equipment$2,175,865$7,006,537$9,182,402
Buildings$886,019$2,223,496$3,109,515
Land$1,994,316-$1,994,316
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ronald B SinkCEO and General ManagerFT$208,883$28,374$237,257
Robert J WaltersVice President of ConstructionFT$162,146$11,350$173,496
Jonathan RayCOOFT$129,964$34,405$164,369
Eric M HegeCIOFT$132,493$22,969$155,462
Ben PalmerCivil EngineerFT$138,239-$138,239
Rodney BakerDistrict Supervisor BFT$136,227-$136,227
Alison Brinkley-michaelFormer CFOFT$132,936-$132,936
Dale DraughnMeter Services SupervisorFT$121,628-$121,628
Joshua JamesControllerFT$41,521-$41,521
F Lee ComerBoard President-$8,100-$8,100
Ben HegeBoard Vice-president-$7,800-$7,800
David Reid SmithBoard Secretary-$7,800-$7,800
Theresa L MatthewsBoard Treasurer-$7,200-$7,200
Victor K PhillipsDirector-$6,300-$6,300
Howard CraverDirector-$6,000-$6,000
James LouyaDirector-$5,700-$5,700
Jason GallimoreDirector-$5,400-$5,400
Sheila PotterDirector-$5,400-$5,400
Christopher FitzgeraldDirector-$4,500-$4,500
Jason HedgecockDirector-$4,500-$4,500
Chad B YoungDirector-$4,200-$4,200
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$21,984,189
Investment Income
$2,890,143
Other Revenue
$140,971
Change in Net Assets
$4,843,301

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,015,303
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$25,015,303
Total Revenue per Form 990
$25,015,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,874,086
Salaries, Compensation, and Employee Benefits$8,297,916
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons---$6,141,469
Depreciation Depletion---$5,962,390
Other Employee Benefits---$1,249,926
All Other Expenses---$1,234,361
Other Expenses---$927,573
Office Expenses---$457,945
Payroll Taxes---$455,934
Pension Plan Contributions---$450,587
Fees for Services Other---$168,709
Conferences and Meetings---$88,972
Information Technology---$82,793
Fees for Services Accounting---$18,500
Fees for Services Legal---$13,588
Total Functional Expenses$0$0$0$20,172,002

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$20,172,002
Total Expenses per Audited Statements$20,172,002
Total Expenses per Form 990$20,172,002
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$939,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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

“Davidson water, inc. Has members.”

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

“Some of the board of directors are members of the organization and have a vote along with thousands of other members to 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
3367315500
Address
PO BOX 969, WELCOME, NC 27374

Signing Officer

Name
Ronald B Sink
Title
CEO and General Manager
Phone
3367315500
Signed
2025-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald B Sink
Formed
1973
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
93
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 3,373,544. Construction during the year change in accumulated other comprehensive loss 433,721. Retirement of patronage capital retirement of patronage capital -123,525.”

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 553 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/BOYAmt0822796
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01084336
IRS990/AccountsReceivableGrp/BOYAmt02008022
IRS990/AccountsReceivableGrp/EOYAmt02023705
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE WATER SERVICES
IRS990/AllOtherExpensesGrp/TotalAmt01234361
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JOSH JAMES
IRS990/BooksInCareOfDetail/PhoneNum03367315500
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 969
IRS990/BooksInCareOfDetail/USAddress/CityNm0WELCOME
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027374
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt054971653
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt058345197
IRS990/CashNonInterestBearingGrp/BOYAmt0959058
IRS990/CashNonInterestBearingGrp/EOYAmt0835543
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompDisqualPersonsGrp/TotalAmt06141469
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt088972
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02890143
IRS990/CYOtherExpensesAmt011874086
IRS990/CYOtherRevenueAmt0140971
IRS990/CYProgramServiceRevenueAmt021984189
IRS990/CYRevenuesLessExpensesAmt04843301
IRS990/CYSalariesCompEmpBnftPaidAmt08297916
IRS990/CYTotalExpensesAmt020172002
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt025015303
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt05962390
IRS990/Desc0PROVIDING WATER SERVICE TO ITS MEMBERS
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt093
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt020155962
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt018500
IRS990/FeesForServicesLegalGrp/TotalAmt013588
IRS990/FeesForServicesOtherGrp/TotalAmt0168709
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2040.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/PersonNm0F LEE COMER
IRS990/Form990PartVIISectionAGrp/PersonNm1BEN HEGE
IRS990/Form990PartVIISectionAGrp/PersonNm2THERESA L MATTHEWS
IRS990/Form990PartVIISectionAGrp/PersonNm3CHRISTOPHER FITZGERALD
IRS990/Form990PartVIISectionAGrp/PersonNm4JASON GALLIMORE
IRS990/Form990PartVIISectionAGrp/PersonNm5HOWARD CRAVER
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMES LOUYA
IRS990/Form990PartVIISectionAGrp/PersonNm7JASON HEDGECOCK
IRS990/Form990PartVIISectionAGrp/PersonNm8VICTOR K PHILLIPS
IRS990/Form990PartVIISectionAGrp/PersonNm9SHEILA POTTER
IRS990/Form990PartVIISectionAGrp/PersonNm10DAVID REID SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm11CHAD B YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm12JOSHUA JAMES
IRS990/Form990PartVIISectionAGrp/PersonNm13RONALD B SINK
IRS990/Form990PartVIISectionAGrp/PersonNm14ROBERT J WALTERS
IRS990/Form990PartVIISectionAGrp/PersonNm15ERIC M HEGE
IRS990/Form990PartVIISectionAGrp/PersonNm16JONATHAN RAY
IRS990/Form990PartVIISectionAGrp/PersonNm17BEN PALMER
IRS990/Form990PartVIISectionAGrp/PersonNm18RODNEY BAKER
IRS990/Form990PartVIISectionAGrp/PersonNm19DALE DRAUGHN
IRS990/Form990PartVIISectionAGrp/PersonNm20ALISON BRINKLEY-MICHAEL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt08100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt27200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt34500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt45400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt56000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt65700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt74500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt86300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt95400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt107800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt114200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1241521
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13237257
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14173496
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15155462
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16164369
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17138239
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18136227
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19121628
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20132936
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/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CEO AND GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDENT OF CONSTRUCTION
IRS990/Form990PartVIISectionAGrp/TitleTxt15CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt16COO
IRS990/Form990PartVIISectionAGrp/TitleTxt17CIVIL ENGINEER
IRS990/Form990PartVIISectionAGrp/TitleTxt18DISTRICT SUPERVISOR B
IRS990/Form990PartVIISectionAGrp/TitleTxt19METER SERVICES SUPERVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20FORMER CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01973
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt04988
IRS990/GainOrLossGrp/SecuritiesAmt01641520
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt08426
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt018098011
IRS990/GrossReceiptsAmt041475232
IRS990/GrossRentsGrp/PersonalAmt070815
IRS990/GrossRentsGrp/RealAmt070156
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt08
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt082793
IRS990/InventoriesForSaleOrUseGrp/BOYAmt02557288
IRS990/InventoriesForSaleOrUseGrp/EOYAmt02786944
IRS990/InvestmentIncomeGrp/ExclusionAmt01243635
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01243635
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0151683
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0136833
IRS990/InvestmentsPubTradedSecGrp/BOYAmt029700687
IRS990/InvestmentsPubTradedSecGrp/EOYAmt029363279
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0118131283
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0121134470
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0122748160
IRS990/LandBldgEquipCostOrOtherBssAmt0240879443
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt03438
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt016456491
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt021726534
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDING QUALITY DRINKING WATER FOR OVER 50 YEARS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0160889513
IRS990/NetAssetsOrFundBalancesEOYAmt0169416554
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01646508
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01646508
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt070156
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0140971
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt070815
IRS990/NetUnrelatedBusTxblIncmAmt068070
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt0457945
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0153466
IRS990/OtherAssetsTotalGrp/EOYAmt0178230
IRS990/OtherChangesInNetAssetsAmt03683740
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01249926
IRS990/OtherExpensesGrp/Desc0INCOME TAX
IRS990/OtherExpensesGrp/Desc1EQUIPMENT AND MAINTANCE
IRS990/OtherExpensesGrp/Desc2SUPPLIES AND CHEMICALS
IRS990/OtherExpensesGrp/Desc3ELECTRICITY
IRS990/OtherExpensesGrp/TotalAmt016040
IRS990/OtherExpensesGrp/TotalAmt11859010
IRS990/OtherExpensesGrp/TotalAmt21044205
IRS990/OtherExpensesGrp/TotalAmt3927573
IRS990/OtherLiabilitiesGrp/BOYAmt01051836
IRS990/OtherLiabilitiesGrp/EOYAmt0939100
IRS990/OtherSourcesGrossIncomeAmt03288769
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt080453
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt071104
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0455934
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0450587
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RONALD B SINK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/Desc0WATER SALES
IRS990/ProgramServiceRevenueGrp/Desc1RECONNECTION FEES
IRS990/ProgramServiceRevenueGrp/Desc2SEWER COLLECTION
IRS990/ProgramServiceRevenueGrp/Desc3MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0241027
IRS990/ProgramServiceRevenueGrp/ExclusionAmt116628
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt021359466
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1367068
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt021359466
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1367068
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2241027
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt316628
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0929102
IRS990/PYOtherExpensesAmt011016907
IRS990/PYOtherRevenueAmt0113759
IRS990/PYProgramServiceRevenueAmt020903973
IRS990/PYRevenuesLessExpensesAmt03244812
IRS990/PYSalariesCompEmpBnftPaidAmt07685115
IRS990/PYTotalExpensesAmt018702022
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt021946834
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt04843301
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt070815
IRS990/RentalIncomeOrLossGrp/RealAmt070156
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt021726534
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0105917860
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0111071357
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06019018
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013296192
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0886019
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02223496
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03109515
IRS990ScheduleD/EquipmentGrp/BookValueAmt02175865
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07006537
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09182402
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt020172002
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01994316
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01994316
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0117691960
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0108901250
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0226593210
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0939100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt025015303
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0122748160
IRS990ScheduleD/TotalExpensesPerForm990Amt020172002
IRS990ScheduleD/TotalLiabilityAmt0939100
IRS990ScheduleD/TotalRevenuePerForm990Amt025015303
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt025015303
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt020172002
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0208883
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1162146
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2129964
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3132493
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00

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
$171,439,990
Liabilities
$2,023,436
Net assets
$169,416,554
Revenue
$25,015,303
Expenses
$20,172,002
Net income
$4,843,301
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