Granada Water Association

Organization Overview

Granada Water Association is located in Lamar, CO. The organization was established in 2007. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Granada Water Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granada Water Association 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, Granada Water Association generated $155.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $160.8k during the year ending 12/2022. While expenses have increased by 3.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FOR THE SUPPLY, STORAGE, AND DISTRIBUTION OF WATER TO ITS MEMBERS, SERVING 268 PEOPLE WITH 192 TAPS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ASSOCIATION PROVEDES DOMESTIC WATER SERVICE TO ITS MEMBERS. FEES ARE ASSESSED TO OPERATE A SYSTEM FOR THE DIVERSION, SUPPLY, STORAGE, AND DISTRIBUTION OF WATER. APPROXIMATELY 325 USERS WITH 192 TAPS ARE BEING SERVED.


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Board, Officers & Key Employees

Name (title)Compensation
Linda Wilger
Secr Teas
$18,000
Nolan Thompson
Vice Pres
$0
Warren Schwab
President
$0
Zachary Bay
Director
$0
Mark Carrigan
Director
$0
Ld Weisenhorn
Director
$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$154,805
Investment income $600
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 $155,405

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