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.
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Who runs it and what they're paid
16 people listed on the 990; $576K 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
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $4.5M | $10.0M |
| InvestmentsLn 11–13 | $28.7M | $18.2M |
| Land, buildings, equipmentLn 10c | $111.0M | $112.8M |
| Total assetsLn 16 | $149.3M | $144.7M |
| LiabilitiesLn 26 | $13.0M | $2.7M |
| Net assetsLn 32 | $136.3M | $142.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of disqualified personsLn 6 | $4.5M | |||
| Pension plan contributionsLn 8 | $279K | |||
| Other employee benefitsLn 9 | $850K | |||
| Payroll taxesLn 10 | $322K | |||
| Legal feesLn 11b | $26K | |||
| Accounting feesLn 11c | $21K | |||
| Investment management feesLn 11f | $71K | |||
| Other fees for servicesLn 11g | $24K | |||
| Office expensesLn 13 | $359K | |||
| Information technologyLn 14 | $54K | |||
| Conferences, conventions and meetingsLn 19 | $118K | |||
| InterestLn 20 | $180K | |||
| Depreciation, depletion and amortizationLn 22 | $5.3M | |||
| Other expenses (24a–d)Ln 24 | $2.9M | |||
| All other expensesLn 24e | $838K | |||
| Total functional expensesLn 25 | $15.9M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $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 Viewing | $20.1M | $15.9M | $4.2M | $142.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $20,052,231 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, 4 to look at
Part VIII · Statement of revenue $20,052,231 across 5 lines filed
Part IX · Statement of functional expenses $15,875,379 across 15 lines filed
Part X · Balance sheet $144,718,209 assets, 13 lines filed
Part XI · Reconciliation of net assets $142,023,439 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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