WEB WATER DEVELOPMENT ASSOCIATION INC

EIN: 460352027

ABERDEEN, SD

Total Revenue
$20,152,263
Total Expenses
$12,882,152
Total Assets
$239,437,239
Net Assets
$144,926,845
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
SD
Principal Officer
SHANE PHILLIPS
Phone
6052294749
Tax Period
2024-10-01 to 2025-09-30

WEB Water Development Association Inc, founded in 1979, is a mid-sized nonprofit that reported $12.4M in total revenue in fiscal year 2017. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.9M, a strong 24% operating margin.

Mission

THE ORGRANIZATION WAS INCORPORATED FOR THE PURPOSE OF OPERATING A SYSTEM FOR THE DISTRIBUTION OF WATER TO ITS MEMBERS FOR DOMESTIC AND COMMERCIAL USE.

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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 $19,213,739
Investment Income $943,444
Other Revenue $-4,920
TOTAL REVENUE $20,152,263

Expense Breakdown

Grants Paid $3,104
Salaries & Benefits $4,488,160
Fundraising Expenses $0
Other Expenses $8,390,888
TOTAL EXPENSES $12,882,152

Year-over-Year Comparison

2024 2023 Change
Revenue $20,152,263 $19,443,868 +0.0%
Expenses $12,882,152 $12,398,245 +0.0%
Net Income $7,270,111 $7,045,623 +0.0%
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
9
Independent Members
9
Employees
51
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
5
$253,497
Total Directors
9
$52,100
Key Employees
1
$195,354
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM VAN HATTEN CHAIR 2.00
Officer Director
$8,300 $0 $8,300
CRAIG OBERLE VICE-CHAIR 2.00
Officer Director
$6,000 $0 $6,000
LES HINDS TREASURER 2.00
Officer Director
$10,100 $0 $10,100
LORI GOLDADE SECRETARY 2.00
Officer Director
$3,600 $0 $3,600
JEFF STOECKER DIRECTOR 2.00
Director
$3,400 $0 $3,400
ALLAN WALTH DIRECTOR 2.00
Director
$5,500 $0 $5,500
DICK WERNER DIRECTOR 2.00
Director
$7,900 $0 $7,900
ROBERT WHITMYRE DIRECTOR 2.00
Director
$3,800 $0 $3,800
HENRY ORTH DIRECTOR 2.00
Director
$3,500 $0 $3,500
SHANE PHILLIPS GENERAL MANA 40.00
Officer
$197,067 $28,430 $225,497
RICHARD ADEMA CONSTR INSPE 49.10
Highest
$136,791 $0 $136,791
RANDY ZENS ELECTRICIAN 42.80
Highest
$136,154 $0 $136,154
ERIC HANSEN CONSTRUCTION 40.00
Highest
$152,203 $0 $152,203
CLAYTON LARSON WTR TRTMNT M 40.00
Key Emp
$163,903 $31,451 $195,354
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 $20,152,263 $12,882,152 $239,437,239 $7,270,111
2024 $19,443,868 $12,398,245 $205,076,218 $7,045,623
2023 $17,867,586 $11,565,948 $150,036,629 $6,301,638
2022 $14,738,682 $11,121,504 $132,007,262 $3,617,178
2021 $15,072,957 $10,134,346 $134,040,834 $4,938,611
2020 $13,302,998 $9,803,797 $132,628,582 $3,499,201
2019 $12,372,001 $9,550,617 $127,687,858 $2,821,384
2018 $12,410,555 $9,492,731 $127,766,339 $2,917,824
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