Ross County Water Company Inc
- Assets
- $54.3m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 46
- Location
- Chillicothe, OH
- Founding
- 09/1980
- Data as of
- 12/2021
- EIN
- 23-7076159
Organization Overview
Ross County Water Company Inc is located in Chillicothe, OH. The organization was established in 1980. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Ross County Water Company Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ross County Water Company Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Ross County Water Company Inc generated $9.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $7.6m during the year ending 12/2021. While expenses have increased by 0.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ROSS COUNTY WATER COMPANY, INC. IS A NON-PROFIT, USER-MEMBER OWNED CORPORATION, THAT PROVIDES QUALITY RESIDENTIAL AND COMMERCIAL WATER SERVICE TO APPROXIMATELY 14,000 CUSTOMERS IN AREAS OF ROSS, PIKE, PICKAWAY, VINTON, HOCKING, & JACKSON COUNTIES IN OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER SERVICE WAS PROVIDED TO AN AVERAGE OF 14,000 CUSTOMERS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Langolf Secretary-Tr | OfficerTrustee | 40 | $80,639 |
Michael Riffle President | OfficerTrustee | 2 | $11,675 |
Daniel Baxter Vice Preside | OfficerTrustee | 2 | $9,975 |
Brian Wisecup Trustee | Trustee | 2 | $9,475 |
Edward Stocklin Trustee | Trustee | 2 | $8,775 |
Joseph Fisher Trustee | Trustee | 2 | $5,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,271,395 |
| Investment income | $81,431 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,457,635 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,414 |
| Compensation of current officers, directors, key employees. | $126,414 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,411,810 |
| Pension plan accruals and contributions | $128,053 |
| Other employee benefits | $0 |
| Payroll taxes | $129,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $185,716 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,623 |
| Office expenses | $59,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $954,780 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,691,737 |
| Insurance | $596,975 |
| All other expenses | $850,276 |
| Total functional expenses | $7,636,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,858,806 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $816,433 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $676,587 |
| Prepaid expenses and deferred charges | $109,128 |
| Net Land, buildings, and equipment | $38,454,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,350,605 |
| Total assets | $54,265,918 |
| Accounts payable and accrued expenses | $169,529 |
| Grants payable | $0 |
| Deferred revenue | $1,581 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $30,198,416 |
| Other liabilities | $1,014,455 |
| Total liabilities | $31,383,981 |
| Net assets without donor restrictions | $22,881,937 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $54,265,918 |
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