Ross County Water Company Inc
- Assets
- $57.9m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 48
- Location
- Chillicothe, OH
- Founding
- 09/1980
- Data as of
- 12/2022
- 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 12/2022, Ross County Water Company Inc employed 48 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 12/2022, Ross County Water Company Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $8.6m during the year ending 12/2022. While expenses have increased by 3.1% 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
2022
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 15,341 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 15,000 CUSTOMERS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Langolf General Mana | OfficerTrustee | 40 | $84,853 |
Michael Riffle President | OfficerTrustee | 5 | $16,075 |
Daniel Baxter Vice Preside | OfficerTrustee | 5 | $14,975 |
Brian Wisecup Trustee | Trustee | 4 | $12,875 |
Edward Stocklin Trustee | Trustee | 4 | $11,725 |
Joseph Fisher Trustee | Trustee | 4 | $8,575 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unger Construction Ltd Bridge Repair | 12/30/22 | $273,436 |
Little Creek Construction Inc Water Line Repa | 12/30/22 | $197,429 |
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 | $9,714,825 |
| Investment income | $210,347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,344 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,008,066 |
| 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. | $150,953 |
| Compensation of current officers, directors, key employees. | $150,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,728,067 |
| Pension plan accruals and contributions | $144,606 |
| Other employee benefits | $0 |
| Payroll taxes | $163,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $205,561 |
| 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 | $22,299 |
| Office expenses | $66,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $40,926 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,005,226 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,732,490 |
| Insurance | $635,532 |
| All other expenses | $951,200 |
| Total functional expenses | $8,601,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,571,368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $772,417 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,496,874 |
| Prepaid expenses and deferred charges | $168,973 |
| Net Land, buildings, and equipment | $38,848,630 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,071,193 |
| Total assets | $57,929,455 |
| Accounts payable and accrued expenses | $241,172 |
| Grants payable | $0 |
| Deferred revenue | $1,147 |
| 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 | $32,623,375 |
| Other liabilities | $1,031,323 |
| Total liabilities | $33,897,017 |
| Net assets without donor restrictions | $24,032,438 |
| 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 | $57,929,455 |