Spanaway Water Company Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 916055017 ✦ Spanaway, WA ✦ Designated as a 501(c)(12)

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Overview

What is Spanaway Water Company Inc?

Spanaway Water Company Inc is a mutual water organization catering to a significant number of customers. Specifically, it serves 10,643, 10,795, 10,990, 11,092, 11,158, 11,544, 11,682, 10,635, and 10,652 households. The company's primary mission is to provide water services, functioning as a mutual water company for its customer base. Despite the repetition in the description, it is clear that Spanaway Water Company Inc plays a crucial role in supplying water to various communities, ensuring a stable water supply for its customers.


Official website here: www.spanaway-water.org

Is Spanaway Water Company Inc legitimate?

Spanaway Water Company Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Spanaway Water Company Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $20,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,824,707

For more financial information, click here


Official website here: www.spanaway-water.org

What is the mission statement of Spanaway Water Company Inc?

Spanaway Water Company Inc serves as a mutual water provider for approximately 10,652 customers. The company's activities revolve around providing water services to its customer base. While the information does not provide a specific mission statement, it can be inferred that the company's mission likely involves delivering reliable and high-quality water services to its customers, ensuring their needs are met and satisfaction is maintained. The repetitive mention of "Mutual Water Company" in different customer numbers suggests a consistent commitment to this service, regardless of the varying customer count.


Official website here: www.spanaway-water.org

Who is the CEO of Spanaway Water Company Inc?

Timothy Wells is the General Mana of Spanaway Water Company Inc.


Official website here: www.spanaway-water.org

What is the revenue of Spanaway Water Company Inc?

Spanaway Water Company Inc's revenue in 2022 was $5,947,458.


Official website here: www.spanaway-water.org

Who are the executives of Spanaway Water Company Inc and what are their salaries?

The average compensation at Spanaway Water Company Inc during 2022 was $83,882. There are 22 employees at Spanaway Water Company Inc.


Here are 13 key members and their salaries:


Timothy Wells (General Mana)
  • Compensation: $157,617
  • Related: $0
  • Other: $0
Buck Gay (Field And Op)
  • Compensation: $125,068
  • Related: $0
  • Other: $0
Dwayne H Farmer (Sales Manage)
  • Compensation: $124,053
  • Related: $0
  • Other: $0
Ronda Farmer (Office Manag)
  • Compensation: $119,773
  • Related: $0
  • Other: $0
Amy Hardiman (Accountant)
  • Compensation: $119,387
  • Related: $0
  • Other: $0
Detlef Thibodeaux (President)
  • Compensation: $4,200
  • Related: $0
  • Other: $0
Stephen Bright (Vice Preside)
  • Compensation: $3,500
  • Related: $0
  • Other: $0
Adrian Chavez (Director)
  • Compensation: $3,000
  • Related: $0
  • Other: $0
Lawrence Nelson (Director)
  • Compensation: $3,000
  • Related: $0
  • Other: $0
Taylor Griess (Director)
  • Compensation: $2,750
  • Related: $0
  • Other: $0
David Haukeli (Secretary/Tr)
  • Compensation: $2,500
  • Related: $0
  • Other: $0
Alex Williamson (Director)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Jens C Vincent Ii (Director)
  • Compensation: $250
  • Related: $0
  • Other: $0


Official website here: www.spanaway-water.org

Where can I find the form 990 for Spanaway Water Company Inc?

Spanaway Water Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.spanaway-water.org

Learn more at the official website: www.spanaway-water.org

Mission Statement of Spanaway Water Company Inc

Spanaway Water Company Inc, as stated in the provided information, is a mutual water company serving a significant number of customers. The company's customer base varies, with records indicating a range from 10,335 to 11,682 customers at different points. However, the mission of Spanaway Water Company Inc remains consistent, which is to provide water services to its customers in a mutual manner. While the specific services or the details of how this mutuality is achieved are not provided in the information, it can be inferred that the company's mission is to ensure a reliable supply of water to its customers in an equitable and collaborative manner.

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Impact




October, 2024

Spanaway Water Company Inc plays a vital role in providing essential water services to a large community, serving approximately 10,652 customers. By functioning as a mutual water company, it ensures reliable access to water, which is a fundamental resource for daily living. The company's operations extend to more than 11,600 customers at different times, indicating a commitment to meet the growing needs of the Spanaway community.

The impact of Spanaway Water Company Inc extends beyond just water provision. It enhances public health and well-being by ensuring that residents have safe and accessible drinking water. This service supports the overall quality of life, facilitates economic activities, and fosters community development in Spanaway, Washington.

Through its consistent support and dedication to the needs of its customers, Spanaway Water Company Inc contributes significantly to the sustainability and resilience of the local community, highlighting the importance of collaborative resource management in public benefit.




This information is meant to be a general summary of Spanaway Water Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$5,947,458 (2022)
Expenses
$4,999,245 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $26,113
  • Program Service Revenue: $5,733,871
  • Gross Receipts: $5,948,749

Assets and Liabilities:

  • Total Assets: $42,424,419
  • Total Liabilities: $1,435,994
  • Net Assets: $40,988,425

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Organization Details

Principal Officer

Timothy Wells

Main Address

PO BOX 1000, SPANAWAY, WA, 98387

NTEE Category

Code: W80 - Public benefit

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