RICHWOODS WATER ASSOCIATION INC

EIN: 710705044 Public & Societal Benefit

MOUNTAIN VIEW, AR

Total Revenue
$319,416
Total Expenses
$360,484
Total Assets
$1,275,845
Net Assets
$664,098
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
AR
Principal Officer
EDWARD STEWART
Phone
8706150051
Tax Period
2023-01-01 to 2023-12-31

RICHWOODS WATER ASSOCIATION INC, founded in 1986, is a small nonprofit in the Public & Societal Benefit sector that reported $319K in total revenue in fiscal year 2023. Expenses of $360K exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDE WATER UTILITIES TO RURAL CUSTOMERS

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Trantor Score

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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 $317,444
Investment Income $1,972
Other Revenue $0
TOTAL REVENUE $319,416

Expense Breakdown

Grants Paid $0
Salaries & Benefits $50,929
Fundraising Expenses $0
Other Expenses $309,555
TOTAL EXPENSES $360,484

Year-over-Year Comparison

2023 2022 Change
Revenue $319,416 $319,558 0.0%
Expenses $360,484 $340,353 +0.1%
Net Income $-41,068 $-20,795 +1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
3
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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHUCK HASTINGS PRESIDENT N/A
Officer
$0 $0 $0
DARRELL RICHARDSON VICE PRESIDE N/A
Officer
$0 $0 $0
EDWARD STEWART TREASURER N/A
Officer
$0 $0 $0
EDIE SUTTERFIELD SECRETARY N/A
Officer
$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
2024 No data No data No data No data
2023 $319,416 $360,484 $1,275,845 $-41,068
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