MEANSVILLE-RILEY ROAD WATER COMPANY INC

EIN: 570539338 Mutual Benefit

UNION, SC

Total Revenue
$2,086,506
Total Expenses
$1,856,692
Total Assets
$9,506,679
Net Assets
$5,652,809
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
SC
Principal Officer
LECIL O HEMBREE
Tax Period
2023-01-01 to 2023-12-31

MEANSVILLE-RILEY ROAD WATER COMPANY INC, founded in 1968, is a community nonprofit in the Mutual Benefit sector that reported $2.1M in total revenue in fiscal year 2023. Expenses of $1.9M left a modest 11% surplus.

Mission

THE COMPANY ACQUIRES, CONSTRUCTS, MAINTAINS, OPERATES, AND PROVIDES WATER DISTRIBUTION AND SUPPLY FACILITIES TO INDIVIDUALS, FARMS, AND BUSINESSES WITHIN ITS GEOGRAPHICAL AREA, PURCHASING THE WATER FROM THE CITY OF UNION, SC, THE CITY OF SPARTANBURG, SC, AND WOODRUFF-ROEBUCK WATER DISTRICT, SC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,038,627
Investment Income $47,879
Other Revenue $0
TOTAL REVENUE $2,086,506

Expense Breakdown

Grants Paid $0
Salaries & Benefits $527,118
Fundraising Expenses $0
Program Expenses $1,819,125
Other Expenses $1,329,574
TOTAL EXPENSES $1,856,692

Year-over-Year Comparison

2023 2022 Change
Revenue $2,086,506 $2,015,414 +0.0%
Expenses $1,856,692 $1,961,012 -0.1%
Net Income $229,814 $54,402 +3.2%
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
10
Independent Members
10
Employees
9
Volunteers
9

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
$7,350
Total Directors
10
$16,480
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAULA A BREWSTER BOARD MEMBER 0.48
Director
$2,280 $0 $2,280
ROBYNNE BURRESS VP 3.1.23-12 0.48
Officer Director
$1,900 $0 $1,900
LECIL O HEMBREE PRESIDENT 0.48
Officer Director
$1,900 $0 $1,900
ANGELA HAUSER BOARD MEMBER 0.46
Director
$1,850 $0 $1,850
CYNTHIA H BURNETT TREASURER 0.42
Officer Director
$1,800 $0 $1,800
JOHN C BURNETT BOARD MEMBER 0.42
Director
$1,750 $0 $1,750
PAUL D TUCKER BOARD MEMBER 0.42
Director
$1,750 $0 $1,750
MARK M CARROLL ASSISTANT TR 0.37
Officer Director
$1,500 $0 $1,500
HERMINE KEITH BOARD MEMBER 0.40
Director
$1,500 $0 $1,500
MERCER REEVES III VP THRU 2.28 0.01
Officer Director
$250 $0 $250
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
2024 No data No data No data No data
2023 $2,086,506 $1,856,692 $9,506,679 $229,814
2022 $2,015,414 $1,961,012 $9,355,610 $54,402
2021 $1,440,416 $1,179,195 $9,319,076 $261,221
2020 $1,754,525 $1,649,665 $9,121,341 $104,860
2019 $1,309,308 $1,375,635 $9,064,518 $-66,327
2018 $1,462,712 $960,341 $9,183,406 $502,371
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