Montezuma Water Company 209 Central
- Assets
- $21.7m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 24
- Location
- Dolores, CO
- Founding
- 08/1967
- Data as of
- 12/2021
- EIN
- 84-0565077
Organization Overview
Montezuma Water Company 209 Central is located in Dolores, CO. The organization was established in 1967. 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, Montezuma Water Company 209 Central employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montezuma Water Company 209 Central 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, Montezuma Water Company 209 Central generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. While expenses have increased by 4.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CLEAN, DEPENDABLE, POTABLE WATER TO MEMBERS IN RURAL SOUTHWESTERN COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A PORTION OF RESIDENTS OF MONTEZUMA, DOLORES AND SAN MIGUEL COUNTIES WITH CLEAN, POTABLE WATER. CURRENTLY 5,517 MEMBERS ARE BEING SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Bowman CEO | Officer | 42 | $120,247 |
Ron Roggenback Plant Supervisor | 40 | $112,776 | |
Lance Miller CFO | Officer | 40 | $78,302 |
Dan F Whitehead CFO | 3.5 | $8,586 | |
Cindy Green Secretary | Trustee | 2 | $3,750 |
Mike Rosso President | Trustee | 0.5 | $3,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kimble Construction Building Constructio | 12/30/17 | $648,388 |
Riley Industdries Tank Cleaning | 12/30/17 | $143,607 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $595,250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $396,053 |
| Noncash contributions included in lines 1a–1f | $396,053 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $991,303 |
| Total Program Service Revenue | $3,349,462 |
| Investment income | $4,113 |
| 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 | $155 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,345,033 |
| 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. | $211,959 |
| Compensation of current officers, directors, key employees. | $152,168 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,262,332 |
| Pension plan accruals and contributions | $66,892 |
| Other employee benefits | $191,553 |
| Payroll taxes | $115,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,755 |
| Fees for services: Accounting | $10,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,473 |
| Advertising and promotion | $176 |
| Office expenses | $121,518 |
| Information technology | $37,205 |
| Royalties | $0 |
| Occupancy | $41,442 |
| Travel | $1,438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,865 |
| Interest | $27,270 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,254,227 |
| Insurance | $42,095 |
| All other expenses | -$37,807 |
| Total functional expenses | $3,658,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,520 |
| Savings and temporary cash investments | $1,895,253 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $335,272 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $824,559 |
| Prepaid expenses and deferred charges | $59,465 |
| Net Land, buildings, and equipment | $18,395,137 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $183,791 |
| Total assets | $21,745,997 |
| Accounts payable and accrued expenses | $367,768 |
| Grants payable | $0 |
| Deferred revenue | $49,861 |
| 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 | $760,462 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,178,091 |
| Net assets without donor restrictions | $20,567,906 |
| 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 | $21,745,997 |
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