Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1975.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
Who runs it and what they're paid
18 people listed on the 990; $1.3M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Ronald B Sink | $252,307 | $237,257 | $214,427 | $205,965 | $194,163 | $179,013 |
| Robert J Walters | $184,882 | $173,496 | $178,361 | $170,247 | $154,223 | $146,072 |
| Jonathan Ray | $173,035 | $164,369 | — | — | — | — |
| Eric M Hege | $164,123 | $155,462 | $146,763 | — | — | — |
| Ben Palmer | $157,089 | $138,239 | — | — | — | — |
| Chris Michael | — | — | — | — | — | $151,276 |
| Joshua James | $150,898 | $41,521 | — | — | — | — |
| Rodney Baker | — | $136,227 | — | — | — | — |
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 15aNo
Programs and updates
Davidson Water INC is a member-serving organization based in Welcome, NC, formed in 1973.
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Providing water service to its members
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By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $14.1M | $16.7M |
| InvestmentsLn 11–13 | $29.5M | $31.6M |
| Land, buildings, equipmentLn 10c | $122.7M | $128.9M |
| Total assetsLn 16 | $171.4M | $182.9M |
| LiabilitiesLn 26 | $2.0M | $2.2M |
| Net assetsLn 32 | $169.4M | $180.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of disqualified personsLn 6 | $6.5M | |||
| Pension plan contributionsLn 8 | $446K | |||
| Other employee benefitsLn 9 | $1.4M | |||
| Payroll taxesLn 10 | $482K | |||
| Legal feesLn 11b | $15K | |||
| Accounting feesLn 11c | $19K | |||
| Other fees for servicesLn 11g | $213K | |||
| Office expensesLn 13 | $498K | |||
| OccupancyLn 16 | $3K | |||
| Conferences, conventions and meetingsLn 19 | $101K | |||
| Depreciation, depletion and amortizationLn 22 | $6.1M | |||
| InsuranceLn 23 | $275K | |||
| Other expenses (24a–d)Ln 24 | $4.3M | |||
| All other expensesLn 24e | $1.2M | |||
| Total functional expensesLn 25 | $21.5M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $27.9M | $21.5M | $6.5M | $180.7M | 990 PDF |
| FY2024 | $25.0M | $20.2M | $4.8M | $169.4M | 990 PDF |
| FY2023 | $21.9M | $18.7M | $3.2M | $160.9M | 990 PDF |
| FY2022 | $18.5M | $17.0M | $1.5M | $154.6M | 990 PDF |
| FY2021 | $21.9M | $15.9M | $6.0M | $150.1M | 990 PDF |
| FY2020 | $20.1M | $15.9M | $4.2M | $142.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $27,927,249 across 6 lines filed
Part IX · Statement of functional expenses $21,454,807 across 14 lines filed
Part X · Balance sheet $182,896,578 assets, 14 lines filed
Part XI · Reconciliation of net assets $180,680,213 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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