Watalula Water Users Association Inc
- Assets
- $10.1m
- Revenue
- $875.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Ozark, AR
- Founding
- 09/1997
- Data as of
- 12/2021
- EIN
- 71-0528706
Organization Overview
Watalula Water Users Association Inc is located in Ozark, AR. The organization was established in 1997. 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, Watalula Water Users Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watalula Water Users Association 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, Watalula Water Users Association Inc generated $875.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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 TREATED WATER TO ASSOCIATION'S MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL INCOME AND EXPENSES ARE RELATED TO THE PROVIDING OF TREATED WATER TO THE MEMBERS OF WATALULA WATER USERS' ASSOCIATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Hogan President | OfficerTrustee | $0 | |
Randy Dickerson Vice-Preside | OfficerTrustee | $0 | |
Susan Cloos Office Manag | Officer | $0 | |
Donnie Gresham Director | Trustee | $0 | |
Scott Mayner Director | Trustee | $0 | |
Sarah Halmes Director | Trustee | $0 |
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 | $874,755 |
| Investment income | $762 |
| 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 | $875,517 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,216 |
| Pension plan accruals and contributions | $3,971 |
| Other employee benefits | $20,664 |
| Payroll taxes | $13,576 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Office expenses | $10,950 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $106,463 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $347,827 |
| Insurance | $0 |
| All other expenses | $45,207 |
| Total functional expenses | $1,055,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $748 |
| Savings and temporary cash investments | $374,818 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $162,583 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,304 |
| Prepaid expenses and deferred charges | $11,685 |
| Net Land, buildings, and equipment | $9,475,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,720 |
| Total assets | $10,105,538 |
| Accounts payable and accrued expenses | $60,871 |
| 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 | $2,851,894 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $81,272 |
| Total liabilities | $2,994,037 |
| Net assets without donor restrictions | $7,111,501 |
| 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 | $10,105,538 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coahoma Electric Power Assn Lyon, MS | $50,480,063 | $20,605,799 |
Missouri Rural Electric Cooperative Palmyra, MO | $37,368,089 | $19,573,881 |
Aqua Water Supply Corporation Bastrop, TX | $136,381,619 | $28,670,097 |
Gascosage Electric Cooperative Dixon, MO | $57,774,455 | $19,748,899 |
North Central Missouri Electric Cooperative Inc Milan, MO | $39,341,969 | $18,294,115 |
City Corporation Russellville, AR | $192,508,552 | $18,660,828 |
Lewis County Rural Electric Cooperative Association Lewistown, MO | $54,864,852 | $16,122,435 |
Alcorn County Electric Power Association Corinth, MS | $107,123,733 | $19,179,595 |
Texas Reliability Entity Inc Austin, TX | $5,509,609 | $14,208,096 |
Grundy Electric Cooperative Incorporated Trenton, MO | $55,809,361 | $15,893,740 |
Coleman County Electric Cooperative Inc Coleman, TX | $33,830,324 | $14,379,363 |
Tri-County Electric Cooperative Association Incorporated Lancaster, MO | $42,817,850 | $14,224,922 |