Marathon Water Supply & Sewer Service Corp
- Assets
- $3.3m
- Revenue
- $377.4k
- Investments
- $202.6k
- Employees
- 4
- Location
- Marathon, TX
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 74-1681385
Organization Overview
Marathon Water Supply & Sewer Service Corp is located in Marathon, TX. The organization was established in 2002. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Marathon Water Supply & Sewer Service Corp employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marathon Water Supply & Sewer Service Corp 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, Marathon Water Supply & Sewer Service Corp generated $377.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $498.7k 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
TO FURNISH WATER AND SEWAGE SERVICE FOR GENERAL FARM USE AND DOMESTIC PURPOSE TO INDIVIDUALS RESIDING IN THE COMMUNITY OF MARATHON, TEXAS AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE POTABLE WATER FOR DOMESTIC USE AND SANITARY SEWER SERVICE TO RURAL RESIDENTS IN MARATHON, TEXAS AND THE SURROUNDING RURAL AREA. ___ RESIDENCES AND ___ COMMERCIAL ENTITIES ARE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Roberts General Manager | Officer | 40 | $54,916 |
Ernesto Aguilar Director | Trustee | 2 | $0 |
Sam Cavness Board President | Trustee | 2 | $0 |
Red Wagner Director | Trustee | 2 | $0 |
Ruben Ortega Sec/treasurer | Trustee | 2 | $0 |
Mike Johnson Vice President | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
S&b Infrastructure Construction | 12/30/19 | $103,379 |
Spartan Construction Of Texas Inc Construction | 12/30/19 | $1,246,588 |
Railpros Field Services Construction | 12/30/19 | $249,684 |
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 | $376,110 |
| Investment income | $64 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,200 |
| 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 | $377,374 |
| 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. | $54,916 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,964 |
| Pension plan accruals and contributions | $20,167 |
| Other employee benefits | $84,137 |
| Payroll taxes | $9,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,731 |
| Travel | $5,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $829 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,493 |
| Insurance | $13,595 |
| All other expenses | $8,902 |
| Total functional expenses | $498,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,434 |
| Savings and temporary cash investments | $87,511 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,301 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,184 |
| Net Land, buildings, and equipment | $2,914,795 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $202,632 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $3,265,858 |
| Accounts payable and accrued expenses | $288 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $21,609 |
| Other liabilities | $22,558 |
| Total liabilities | $44,455 |
| Net assets without donor restrictions | $3,221,403 |
| 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 | $3,265,858 |
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