THOMAS BRIDGE WATER CORPORATION

EIN: 540887326

MARION, VA

Total Revenue
$1,068,446
Total Expenses
$1,111,971
Total Assets
$3,785,418
Net Assets
$2,344,234
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
VA
Principal Officer
FRANCIS J COPENHAVER JR
Phone
2767834118
Tax Period
2025-01-01 to 2025-12-31

THOMAS BRIDGE WATER CORPORATION, founded in 1966, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2025. Revenue decreased 20% compared to the prior year. Net assets of $2.3M represent 26 months of operating reserves.

Mission

TO PROVIDE ADEQUATE WATER TO THE CITIZENS OF THE THOMAS BRIDGE AREA.

Program Service Accomplishments

Program 1
Expenses: $1,111,971

THOMAS BRIDGE WATER CORPORATION PROVIDES WATER SERVICE TO APPROXIMATELY 1700 WATER CUSTOMERS WHICH WOULD NOT HAVE A CLEAN AND ADEQUATE WATER SUPPLY IF NOT FOR THE COMPANY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $70,181
Program Service Revenue $974,478
Investment Income $9,910
Other Revenue $13,877
TOTAL REVENUE $1,068,446

Expense Breakdown

Grants Paid $0
Salaries & Benefits $475,108
Fundraising Expenses $0
Program Expenses $1,111,971
Other Expenses $636,863
TOTAL EXPENSES $1,111,971

Year-over-Year Comparison

2025 2024 Change
Revenue $1,068,446 $1,335,157 -0.2%
Expenses $1,111,971 $927,769 +0.2%
Net Income $-43,525 $407,388 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
10
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
7
$38,328
Total Directors
7
$38,328
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARRY DEAN DIRECTOR N/A
Officer Director
$825 $0 $825
JEFF SPICKARD VICE PRESIDE N/A
Officer Director
$900 $0 $900
BOBBY COMBS SECRETARY/TR N/A
Officer Director
$825 $0 $825
FRANCIS J COPENHAVER JR ADMINISTRATO 40.00
Officer Director
$33,378 $0 $33,378
MICHAEL POWERS DIRECTOR N/A
Officer Director
$900 $0 $900
ELLIS ROUSE PRESIDENT N/A
Officer Director
$900 $0 $900
SUE TILSON DIRECTOR N/A
Officer Director
$600 $0 $600
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 $1,068,446 $1,111,971 $3,785,418 $-43,525
2024 No data No data No data No data
2023 $943,698 $838,962 $3,834,590 $104,736
2022 $1,036,942 $792,912 $3,977,407 $244,030
2021 $970,580 $751,917 $3,818,788 $218,663
2020 $1,517,293 $728,362 $3,789,903 $788,931
2019 $826,604 $829,243 $2,780,971 $-2,639
2018 $817,343 $811,261 $2,708,616 $6,082
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