HISEGA MEADOWS WATER INC

EIN: 208561749 Public & Societal Benefit

RAPID CITY, SD

Total Revenue
$258,320
Total Expenses
$204,978
Total Assets
$1,296,637
Net Assets
$385,236
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
SD
Principal Officer
JANE RUSSELL
Phone
6057374444
Tax Period
2024-07-01 to 2025-06-30

HISEGA MEADOWS WATER INC, founded in 2007, is a small nonprofit in the Public & Societal Benefit sector that reported $236K in total revenue in fiscal year 2018. The organization ran a surplus of $46K, a strong 19% operating margin.

Mission

THE ORGANIZATION WAS FORMED TO PROVIDE WATER TO ITS MEMBERS WHO LIVE WITHIN ITS SERVICE AREA.THE OBJECTIVE OF THE ORGANIZATION IS THAT ANY INDIVIDUALS OR ENTITIES CAN BECOME MEMBERS UPON SUBMITTING AN APPLICATION AND PAYING A HOOKUP FEE AND THEN MONTHLY WATER USAGE RATES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $257,776
Investment Income $20
Other Revenue $524
TOTAL REVENUE $258,320

Expense Breakdown

Grants Paid $0
Salaries & Benefits $54,390
Fundraising Expenses $0
Program Expenses $204,978
Other Expenses $150,588
TOTAL EXPENSES $204,978

Year-over-Year Comparison

2024 2023 Change
Revenue $258,320 $246,986 +0.0%
Expenses $204,978 $240,090 -0.1%
Net Income $53,342 $6,896 +6.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
4
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
3
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG FISCHER TREASURER 1.00
Director
$0 $0 $0
STEVE VADNEY VICE PRESIDENT 0.00
Director
$0 $0 $0
JOHN KOLASA DIRECTOR 0.00
Director
$0 $0 $0
RICHARD SMITH PRESIDENT 1.00
Officer
$0 $0 $0
JANE RUSSELL SECRETARY 1.00
Officer
$0 $0 $0
LARRY DEIBERT BOOKKEEPERTRANSCRIBER 5.00
Key Emp
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $258,320 $204,978 $1,296,637 $53,342
2024 $246,986 $240,090 $1,292,041 $6,896
2019 $236,412 $190,454 $1,553,433 $45,958
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