Walker Water Association INC

Not tax-deductible

Magnolia, ARMutual-benefit / member-servingSince 1969EIN 23-7262301Revenue $415K in FY2025

On file with the IRSPo Box 188, 71754-0188 · Magnolia, ARTax-exempt since Nov 1974

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Provide Water to customers

66¢ of each $1 spent went to programs.
$65K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $46K a year · 11% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$65K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 10.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$437K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$415K
+2% vs prior year
Spent
$447K
To programs
66%
Net assets
$967K
By yearFY2020–FY2025
Revenue
$415K
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$479K
FY2021$382K
FY2022$406K
FY2023$410K
FY2024$407K
FY2025$415K
Expenses
$447K
FY2025▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$286K
FY2021$288K
FY2022$347K
FY2023$418K
FY2024$436K
FY2025$447K
Net assets
$967K
FY2025▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$883K
FY2021$977K
FY2022$1.0M
FY2023$1.0M
FY2024$998K
FY2025$967K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $294K Management & general 11% · $50K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $65K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President
$35,000Pt VII · Sec A
Secretary
$22,743Pt VII · Sec A
President
$7,200Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024
Gary Carter$35,000$29,065
Lillie Wright$22,743$18,925
John T Mack$7,200$7,200

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Walker Water Association INC is a member-serving organization based in Magnolia, AR, formed in 1969.

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Provided by the organization

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1 program · $294K · in their own filed words · FY2025
01

Water sales and expenses

$294Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$415K
Ln 12
Fees for servicesLn 2g$415K
Investment incomeLn 3$197
Money outPt IX
$447K
Ln 25
Programscol B$294K
Managementcol C$50K
Owns and owesPt X
$967K
net assets · Ln 32
Cash and savingsLn 1–2$397K
Total assetsLn 16$1.4M
LiabilitiesLn 26$437K
PeoplePt VI, VII
8
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$415K
Investment incomeLn 3$197
Total revenueLn 12$415K
Assets in detailPt X, end of year
CashLn 1$203K
SavingsLn 2$193K
Cash and savings togetherLn 1–2$397K
Land, buildings, equipmentLn 10c$938K
Total assetsLn 16$1.4M
LiabilitiesLn 26$437K
Net assetsLn 32$967K
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$407K$397K
Land, buildings, equipmentLn 10c$998K$938K
Total assetsLn 16$1.5M$1.4M
LiabilitiesLn 26$474K$437K
Net assetsLn 32$998K$967K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$65K$35K$30K
Other salaries and wagesLn 7$101K$101K
Payroll taxesLn 10$12K$10K$2K
Accounting feesLn 11c$12K$5K$7K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$10K$6K$4K
TravelLn 17$10K$10K
InterestLn 20$20K$20K
Depreciation, depletion and amortizationLn 22$103K
InsuranceLn 23$22K$22K
Other expenses (24a–d)Ln 24$88K$83K$5K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$447K$294K$50K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $415K$447K−$32K$967K 990 PDF
FY2024 $407K$436K−$29K$998K 990 PDF
FY2023 $410K$418K−$8K$1.0M 990 PDF
FY2022 $406K$347K$59K$1.0M 990 PDF
FY2021 $382K$288K$94K$977K 990 PDF
FY2020 $479K$286K$193K$883K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $415,098 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $406,161$414,901
I-10 Investment incomePrior year $936$197
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $407,097$415,098
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $144,994$177,668
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $290,896$269,041
I-18 Total expensesPrior year $435,890$446,709
I-19 Revenue less expensesPrior year −$28,793−$31,611
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $415,098 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $414,901$414,901
VIII-3 Investment incomeUnrelated business $197$197
VIII-12 Total revenueRelated to mission $414,901 · Unrelated business $197 · Excluded from tax $0$415,098
Part IX · Statement of functional expenses $446,709 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $35,000 · Management $29,943$64,943
IX-7 Other salaries and wagesPrograms $100,715$100,715
IX-10 Payroll taxesPrograms $9,719 · Management $2,291$12,010
IX-11c Accounting feesPrograms $4,931 · Management $6,950$11,881
IX-12 Advertising and promotionManagement $1,303$1,303
IX-13 Office expensesPrograms $6,018 · Management $4,171$10,189
IX-17 TravelPrograms $10,404$10,404
IX-20 InterestPrograms $20,233$20,233
IX-22 Depreciation, depletion and amortization$103,096
IX-23 InsurancePrograms $22,366$22,366
IX-24 Other expenses (24a–d)Programs $82,582 · Management $5,316$87,898
IX-24e All other expensesPrograms $1,671$1,671
IX-25 Total functional expensesPrograms $293,639 · Management $49,974 · Fundraising $0$446,709
Part X · Balance sheet $1,403,596 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $221,845$203,130
X-2 Savings and temporary cash investmentsStart of year $185,429$193,399
X-4 Accounts receivableStart of year $54,511$62,501
X-9 Prepaid expenses and deferred chargesStart of year $5,640$6,724
X-10c Land, buildings and equipment, netStart of year $997,628$937,842
X-16 Total assetsStart of year $1,472,481$1,403,596
X-17 Accounts payable and accrued expensesStart of year $8,978$13,013
X-25 Other liabilitiesStart of year $47,048$49,020
X-26 Total liabilitiesStart of year $474,123$436,851
X-27 Net assets without donor restrictionsStart of year $998,358$966,745
X-32 Total net assets or fund balancesStart of year $998,358$966,745
X-33 Total liabilities and net assetsStart of year $1,472,481$1,403,596
Part XI · Reconciliation of net assets $966,745 net assets at year end
XI-1 Total revenue$415,098
XI-2 Total expenses$446,709
XI-3 Revenue less expenses−$31,611
XI-4 Net assets at start of year$998,358
XI-9 Other changes in net assets−$2
XI-10 Net assets at end of year$966,745

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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