Montezuma Water Company 209 Central is located in Dolores, CO. The organization was established in 1967. 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 12/2023, Montezuma Water Company 209 Central employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montezuma Water Company 209 Central 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, Montezuma Water Company 209 Central generated $4.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $4.4m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CLEAN, DEPENDABLE, POTABLE WATER TO MEMBERS IN RURAL SOUTHWESTERN COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTEZUMA WATER COMPANY IS A MEMBER OWNED, NOT-FOR-PROFIT DRINKING WATER PROVIDER THAT SUPPLIES CLEAN HEALTHY DRINKING WATER TO MORE THE 5,000 MEMBERS, OVER 3 COUNTIES IN SOUTHWEST COLORADO.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Steven K Bowman General Manager | OfficerTrustee | 42 | $145,438 |
Ronald W Roggenback Plant Supervisor | 40 | $135,181 | |
Warren J Conner Field Crew Leader | 40 | $114,738 | |
Douglas Coulon Crew Leader-South | 40 | $107,500 | |
Travis Willbanks Plant Operator | 40 | $107,076 | |
Lance C Miller Controller | Officer | 50 | $98,629 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Kimble Construction Building Constructio | 12/30/17 | $648,388 |
Riley Industdries Tank Cleaning | 12/30/17 | $143,607 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $587,850 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $180,302 |
Noncash contributions included in lines 1a–1f | $180,302 |
Total Revenue from Contributions, Gifts, Grants & Similar | $768,152 |
Total Program Service Revenue | $3,931,186 |
Investment income | $68,485 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$6,513 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,763,079 |
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. | $271,967 |
Compensation of current officers, directors, key employees. | $199,248 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,517,790 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $256,721 |
Payroll taxes | $143,731 |
Fees for services: Management | $0 |
Fees for services: Legal | $11,065 |
Fees for services: Accounting | $13,830 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $15,399 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $46,702 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,321,601 |
Insurance | $99,146 |
All other expenses | $156,277 |
Total functional expenses | $4,400,703 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,894 |
Savings and temporary cash investments | $2,567,293 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $468,183 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $851,914 |
Prepaid expenses and deferred charges | $81,204 |
Net Land, buildings, and equipment | $16,541,662 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $15,875 |
Other assets | $1,763,806 |
Total assets | $22,295,831 |
Accounts payable and accrued expenses | $188,609 |
Grants payable | $0 |
Deferred revenue | $126,184 |
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 | $0 |
Other liabilities | $533,052 |
Total liabilities | $847,845 |
Net assets without donor restrictions | $21,447,986 |
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 | $22,295,831 |