Marathon Water Supply & Sewer Service Corp
- Assets
- $3.0m
- Revenue
- $453.3k
- Investments
- $224.2k
- Employees
- 4
- Location
- Marathon, TX
- Founding
- 11/2002
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Marathon Water Supply & Sewer Service Corp generated $453.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $525.2k during the year ending 12/2023. 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
2023
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 | $48,642 |
Mike Johnson President | OfficerTrustee | 2 | $0 |
Ernesto Aguilar Vice President | OfficerTrustee | 2 | $0 |
Ruben Ortega Secretary | OfficerTrustee | 2 | $0 |
Red Wagner Director | Trustee | 2 | $0 |
Elizabeth Lewis Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Railpros Field Services Construction | 12/30/19 | $249,684 |
S&b Infrastructure Construction | 12/30/19 | $103,379 |
Spartan Construction Of Texas Inc Construction | 12/30/19 | $1,246,588 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,000 |
| 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 | $30,000 |
| Total Program Service Revenue | $419,752 |
| Investment income | $2,374 |
| 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 | $453,326 |
| 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. | $48,642 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,362 |
| Pension plan accruals and contributions | $19,922 |
| Other employee benefits | $93,275 |
| Payroll taxes | $13,660 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,100 |
| 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 | $10,702 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $973 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,049 |
| Insurance | $15,900 |
| All other expenses | $7,348 |
| Total functional expenses | $525,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,713 |
| Savings and temporary cash investments | $51,920 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,503 |
| 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 | $2,709,925 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $224,177 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,043,422 |
| Accounts payable and accrued expenses | $0 |
| 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 | $13,984 |
| Other liabilities | $24,217 |
| Total liabilities | $38,201 |
| Net assets without donor restrictions | $3,005,221 |
| 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 | $3,043,422 |