Fruitland Mutual Water Company
- Assets
- $37.1m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 13
- Location
- Puyallup, WA
- Founding
- 04/1953
- Data as of
- 12/2022
- EIN
- 91-0536841
Organization Overview
Fruitland Mutual Water Company is located in Puyallup, WA. The organization was established in 1953. 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, Fruitland Mutual Water Company employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fruitland Mutual Water Company 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, Fruitland Mutual Water Company generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 8 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
TO PROVIDE WATER SERVICE TO MEMBERS IN THE SOUTH HILL AREA OF PIERCE COUNTY, WASHINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRUITLAND MUTUAL WATER COMPANY PROVIDES WATER SERVICE TO 3,722 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Hardiman General Manager | Officer | 40 | $146,551 |
Scott Duda President | OfficerTrustee | 1 | $9,750 |
Tim Larson Vice President | OfficerTrustee | 1 | $7,150 |
Marlin Horeis Director | Trustee | 1 | $6,750 |
Dwayne Farmer Director | Trustee | 1 | $4,550 |
Colleen Wise Director | Trustee | 1 | $4,550 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Miles Resources Construction | 12/30/17 | $134,445 |
Olsen Brothers Excavating Inc Excavating | 12/30/17 | $287,060 |
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 | $3,886,299 |
| Investment income | $15,474 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,750 |
| 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 | $3,909,523 |
| 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. | $210,416 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $398,326 |
| Pension plan accruals and contributions | $58,343 |
| Other employee benefits | $226,197 |
| Payroll taxes | $112,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,376 |
| Fees for services: Accounting | $22,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $97,735 |
| Information technology | $42,981 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,133 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,932 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $772,140 |
| Insurance | $55,190 |
| All other expenses | $0 |
| Total functional expenses | $2,811,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,110,248 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $343,376 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $185,059 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,676,245 |
| Investments—publicly traded securities | $444,007 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,382,199 |
| Total assets | $37,141,134 |
| Accounts payable and accrued expenses | $245,960 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,981,077 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,211 |
| Total liabilities | $2,243,248 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $7,849,944 |
| Paid-in or capital surplus, or land, building, or equipment fund | $12,147,522 |
| Retained earnings, endowment, accumulated income, or other funds | $14,900,420 |
| Total liabilities and net assets/fund balances | $37,141,134 |
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