Wadsworth Water Supply Corporation
- Assets
- $324.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wadsworth, TX
- Founding
- 04/1971
- Data as of
- 12/2023
- EIN
- 74-1665427
Organization Overview
Wadsworth Water Supply Corporation is located in Wadsworth, TX. The organization was established in 1971. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wadsworth Water Supply Corporation 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 12/2023, Wadsworth Water Supply Corporation generated $157.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $203.2k during the year ending 12/2023. While expenses have increased by 10.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE WATER AND SEWER SERVICE TO THE COMMUNITY OF WADSWORTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lonnie Fultz President | 0 | $0 | |
Marvin Zinn Vice Preside | 0 | $0 | |
Sharon Rather Secretary/tr | 0 | $0 | |
Sammy Green Director | 0 | $0 | |
Robert Langner Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $156,069 |
| Membership dues | $0 |
| Investment income | $1,765 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $157,834 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,349 |
| Professional fees and other payments to independent contractors | $7,370 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $171,462 |
| Total expenses | $203,181 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $212,763 |
| Other assets | $0 |
| Total assets | $324,475 |
| Total liabilities | $59 |
| Net assets or fund balances | $324,416 |