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Rural Area Development Water Users Cooperative FY2020 filing

Not tax-deductible

Tucumcari, NMMutual-benefit / member-servingMutual / membership EIN 85-6011566Revenue $140K in FY2020

On file with the IRSPo Box 296, 88401-0296 · Tucumcari, NMTax-exempt since Mar 1965

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Rural Water distribution

100¢ of each $1 spent went to programs.
$19K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
6 of 6
filings with a surplus
Average surplus $38K a year · 26% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$19K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
47 mo
of spending, in cash
Looks good: 46.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$140K
Spent
$95K
To programs
100%
Net assets
$412K
By yearFY2020–FY2025
Revenue
$140K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$140K
FY2021$146K
FY2022$163K
FY2023$130K
FY2024$148K
FY2025$158K
Expenses
$95K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$95K
FY2021$107K
FY2022$134K
FY2023$107K
FY2024$102K
FY2025$107K
Net assets
$412K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$412K
FY2021$446K
FY2022$474K
FY2023$497K
FY2024$543K
FY2025$594K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1965.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $95K

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

8 people listed on the 990; $19K paid to officers and key staff.

Part VII, Section A · reportable compensation
Donna Lafferty
Sec/Treasurer
$18,634Pt VII · Sec A
Tim Farrow
Director
$0Pt VII · Sec A
Lesa Floeck
Director
$0Pt VII · Sec A
Danny Young
Director
$0Pt VII · Sec A
Jim Norris
Director
$0Pt VII · Sec A
Larry Young
President
$0Pt VII · Sec A
Phillip Box
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Donna Lafferty$24,955$23,631$22,039$21,878$20,425$18,634
Jason Lafferty——$24,488———

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.

See Rural Area Development Water Users Cooperative executive salaries →

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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

Rural Area Development Water Users Cooperative is a member-serving organization based in Tucumcari, NM.

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Provided by the organization

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1 program · $95K · in their own filed words · FY2020
01

The water cooperative provided water, water delivery and water services to a rural area. There are 282 active members.

$95Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$140K
Ln 12
Other incomeLn 4–11$137K
Investment incomeLn 3$2K
Money outPt IX
$95K
Ln 25
Programscol B$95K
Owns and owesPt X
$412K
net assets · Ln 32
Cash and savingsLn 1–2$370K
Total assetsLn 16$416K
LiabilitiesLn 26$4K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$2K
Other incomeLn 4–11$137K
Total revenueLn 12$140K
Assets in detailPt X, end of year
CashLn 1$370K
Cash and savings togetherLn 1–2$370K
Land, buildings, equipmentLn 10c$28K
Other assetsLn 15$4K
Total assetsLn 16$416K
LiabilitiesLn 26$4K
Net assetsLn 32$412K
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 FY20End FY20
Cash and savingsLn 1–2$319K$370K
Land, buildings, equipmentLn 10c$32K$28K
Total assetsLn 16$369K$416K
LiabilitiesLn 26$2K$4K
Net assetsLn 32$368K$412K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$50K$50K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$2K$2K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$23K$23K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$95K$95K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $158K$107K$51K$594K 990 PDF
FY2024 $148K$102K$46K$543K 990 PDF
FY2023 $130K$107K$23K$497K 990 PDF
FY2022 $163K$134K$28K$474K 990 PDF
FY2021 $146K$107K$39K$446K 990 PDF
FY2020 Viewing $140K$95K$44K$412K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $139,625 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,682$2,329
I-11 Other revenuePrior year $124,327$137,296
I-12 Total revenuePrior year $128,009$139,625
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 $55,500$53,905
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $38,322$41,422
I-18 Total expensesPrior year $93,822$95,327
I-19 Revenue less expensesPrior year $34,187$44,298
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $139,625 across 3 lines filed
Lines not itemized here account for $75,022 of total revenue; see the IRS return.
VIII-3 Investment incomeExcluded from tax $2,329$2,329
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $62,274$62,274
VIII-12 Total revenueRelated to mission $137,296 · Unrelated business $0 · Excluded from tax $2,329$139,625
Part IX · Statement of functional expenses $95,327 across 8 lines filed
IX-7 Other salaries and wagesPrograms $49,563$49,563
IX-10 Payroll taxesPrograms $4,342$4,342
IX-11c Accounting feesPrograms $3,251$3,251
IX-13 Office expensesPrograms $2,279$2,279
IX-22 Depreciation, depletion and amortizationPrograms $3,909$3,909
IX-23 InsurancePrograms $6,315$6,315
IX-24 Other expenses (24a–d)Programs $23,164$23,164
IX-24e All other expensesPrograms $2,504$2,504
IX-25 Total functional expensesPrograms $95,327 · Management $0 · Fundraising $0$95,327
Part X · Balance sheet $415,906 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $318,515$370,381
X-4 Accounts receivableStart of year $15,250$13,700
X-10c Land, buildings and equipment, netStart of year $32,194$28,285
X-15 Other assetsStart of year $3,540$3,540
X-16 Total assetsStart of year $369,499$415,906
X-17 Accounts payable and accrued expensesStart of year $1,573$3,582
X-26 Total liabilitiesStart of year $1,573$3,582
X-32 Total net assets or fund balancesStart of year $367,926$412,324
X-33 Total liabilities and net assetsStart of year $369,499$415,906
Part XI · Reconciliation of net assets $412,324 net assets at year end
XI-1 Total revenue$139,625
XI-2 Total expenses$95,327
XI-3 Revenue less expenses$44,298
XI-4 Net assets at start of year$367,926
XI-9 Other changes in net assets$100
XI-10 Net assets at end of year$412,324

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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