Tate Monroe Water Association Inc

EIN: 310742800 Public & Societal Benefit

New Richmond, OH

Total Revenue
$6,808,775
Total Expenses
$5,725,853
Total Assets
$30,251,967
Net Assets
$16,482,569
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
OH
Principal Officer
Greg Stanley
Phone
5137342236
Tax Period
2024-07-01 to 2025-06-30

Tate Monroe Water Association Inc, founded in 1968, is a community nonprofit in the Public & Societal Benefit sector that reported $6.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 16% operating margin.

Mission

The Tate Monroe Water Assn., Inc. is a private, not-for-profit corporation conveying one of life's most precious resources to the residents and businesses of southern Clermont County. Our Members are important individuals deserving of the highest quality water and services. The Association shall achieve these high standards of quality and service through a dedicated staff of customer oriented, trained professionals.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,000
Program Service Revenue $6,487,771
Investment Income $311,004
Other Revenue $0
TOTAL REVENUE $6,808,775

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,766,204
Fundraising Expenses $0
Other Expenses $3,959,649
TOTAL EXPENSES $5,725,853

Year-over-Year Comparison

2024 2023 Change
Revenue $6,808,775 $6,196,291 +0.1%
Expenses $5,725,853 $5,908,166 0.0%
Net Income $1,082,922 $288,125 +2.8%
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
8
Independent Members
N/A
Employees
24
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
4
$48,451
Total Directors
9
$95,085
Key Employees
1
$204,339
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Kunz Vice-President 1.00
Officer Director
$12,710 $0 $12,710
Bari Henning President 1.00
Officer Director
$11,713 $0 $11,713
Alan Motta Member - exited 8/24 1.00
Director
$7,042 $0 $7,042
William Gilpin Treasurer 1.00
Officer Director
$11,318 $0 $11,318
Jeffrey Mahaffey Secretary 1.00
Officer Director
$12,710 $0 $12,710
Tim Trester Member 1.00
Director
$11,713 $0 $11,713
David Goldbach Member 1.00
Director
$11,713 $0 $11,713
Chris Kunz Member 1.00
Director
$11,318 $0 $11,318
Richard Stowell Member - joined 7/24 1.00
Director
$4,848 $0 $4,848
Greg Stanley General Manager 40.00
Key Emp
$172,627 $31,712 $204,339
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 $6,808,775 $5,725,853 $30,251,967 $1,082,922
2024 $6,196,291 $5,908,166 $29,188,791 $288,125
2023 $5,826,569 $6,066,785 $28,929,016 $-240,216
2022 $5,084,515 $5,504,978 $29,411,991 $-420,463
2021 $4,982,888 $5,330,975 $30,320,008 $-348,087
2020 $5,085,209 $5,462,021 $31,025,053 $-376,812
2019 $4,438,808 $5,070,581 $31,686,248 $-631,773
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