Firgrove Mutual INC

Not tax-deductible

Puyallup, WAMutual-benefit / member-servingSince 1952EIN 91-0822808

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Purpose is to install, maintain, and operate a water supply system for its membership.

$711K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · 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
0 of 5
filings with a surplus
Average deficit $704K a year · 10% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$711K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 19.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.6M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.1M
-5% vs prior year
Spent
$8.3M
Net assets
$48.8M
By yearFY2021–FY2025
Revenue
$7.1M
FY2025▼ -5%
Revenue by fiscal year
FY2021$6.3M
FY2022$6.2M
FY2023$6.6M
FY2024$7.5M
FY2025$7.1M
Expenses
$8.3M
FY2025▲ +7%
Expenses by fiscal year
FY2021$6.5M
FY2022$7.0M
FY2023$7.5M
FY2024$7.8M
FY2025$8.3M
Net assets
$48.8M
FY2025▼ -1%
Net assets by fiscal year
FY2021$42.9M
FY2022$45.1M
FY2023$47.4M
FY2024$49.3M
FY2025$48.8M

From the FY2025 Form 990 (year ending March 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1958.

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

Who runs it and what they're paid

10 people listed on the 990; $711K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
General Manager
$185,154Pt VII · Sec A
Finance Director
$167,395Pt VII · Sec A
Finance Supervisor
$130,589Pt VII · Sec A
Superintendent
$107,605Pt VII · Sec A
Operations Lead
$105,948Pt VII · Sec A
VP/President
$3,300Pt VII · Sec A
President/Trustee
$3,000Pt VII · Sec A
Secretary/Trustee
$2,700Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Larry Jones$185,154$177,280$158,347$143,157$134,800
Lori Triplett$167,395$163,584$137,914$135,912$134,859
Kim Glaser$130,589$114,919———
Ryan Lantz$107,605$100,593———
Mark Zimmerman$105,948————
Scott Williams$2,700$2,400$3,000$4,500$3,600
Austin Fisher$2,700$3,000$3,300$2,750$3,000
Donald Rose$3,000$3,300$2,950$3,000$2,400

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 Firgrove Mutual INC 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 15aYes

Programs and updates

Provides and maintains a water supply system for its members.

Provided by the organization

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1 program · in their own filed words · FY2024
01

Firgrove aggressively safeguards its water supply in order to provide a safe and reliable supply of water. Firgrove upholds the standards set by the washington state department of health and the united states environmental protection agency.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$7.1M
Ln 12
Fees for servicesLn 2g$6.7M
Investment incomeLn 3$363K
Other incomeLn 4–11$123K
Money outPt IX
$8.3M
Ln 25
Owns and owesPt X
$48.8M
net assets · Ln 32
Cash and savingsLn 1–2$13.5M
Total assetsLn 16$51.4M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
10
listed · VII A
PaidVII A10
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Government grantsLn 1e$1K
Fees for servicesLn 2g$6.7M
Investment incomeLn 3$363K
Other incomeLn 4–11$123K
Gains on assetsLn 7$208K
Total revenueLn 12$7.1M
Assets in detailPt X, end of year
CashLn 1$128K
SavingsLn 2$13.4M
Cash and savings togetherLn 1–2$13.5M
InvestmentsLn 11–13$5.6M
Land, buildings, equipmentLn 10c$21.8M
Other assetsLn 15$8.9M
Total assetsLn 16$51.4M
LiabilitiesLn 26$2.6M
Net assetsLn 32$48.8M
OperationsPt I, VI
EmployeesI 518
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$16.7M$13.5M
InvestmentsLn 11–13$5.3M$5.6M
Land, buildings, equipmentLn 10c$22.9M$21.8M
Total assetsLn 16$51.7M$51.4M
LiabilitiesLn 26$2.4M$2.6M
Net assetsLn 32$49.3M$48.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$440K
Other salaries and wagesLn 7$1.3M
Pension plan contributionsLn 8$164K
Other employee benefitsLn 9$347K
Payroll taxesLn 10$146K
Accounting feesLn 11c$40K
Investment management feesLn 11f$42K
Office expensesLn 13$152K
OccupancyLn 16$68K
Conferences, conventions and meetingsLn 19$27K
InterestLn 20$14K
Depreciation, depletion and amortizationLn 22$2.1M
InsuranceLn 23$155K
Other expenses (24a–d)Ln 24$3.3M
All other expensesLn 24e$113K
Total functional expensesLn 25$8.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $7.1M$8.3M−$1.2M$48.8M 990 PDF
FY2024 $7.5M$7.8M−$346K$49.3M 990 PDF
FY2023 $6.6M$7.5M−$941K$47.4M 990 PDF
FY2022 $6.2M$7.0M−$759K$45.1M 990 PDF
FY2021 $6.3M$6.5M−$280K$42.9M 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 (4 parts)
Part VIII · Statement of revenue $7,137,903 across 8 lines filed
VIII-1e Government grants$1,327
VIII-1h Total contributions, gifts and grants$1,327
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,650,069$6,650,069
VIII-3 Investment incomeExcluded from tax $155,451$155,451
VIII-6 Net rental income or lossExcluded from tax $119,350$119,350
VIII-7 Net gain or loss on sales of assetsExcluded from tax $207,688$207,688
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,018$4,018
VIII-12 Total revenueRelated to mission $6,654,087 · Unrelated business $0 · Excluded from tax $482,489$7,137,903
Part IX · Statement of functional expenses $8,333,265 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$439,554
IX-7 Other salaries and wages$1,280,803
IX-8 Pension plan contributions$163,725
IX-9 Other employee benefits$346,641
IX-10 Payroll taxes$146,058
IX-11c Accounting fees$40,175
IX-11f Investment management fees$41,726
IX-13 Office expenses$151,681
IX-16 Occupancy$68,233
IX-19 Conferences, conventions and meetings$27,246
IX-20 Interest$13,931
IX-22 Depreciation, depletion and amortization$2,092,773
IX-23 Insurance$154,933
IX-24 Other expenses (24a–d)$3,253,200
IX-24e All other expenses$112,586
IX-25 Total functional expenses$8,333,265
Part X · Balance sheet $51,449,018 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $278,204$127,739
X-2 Savings and temporary cash investmentsStart of year $16,418,790$13,359,384
X-4 Accounts receivableStart of year $1,117,694$1,078,054
X-8 Inventories for sale or useStart of year $299,801$395,899
X-9 Prepaid expenses and deferred chargesStart of year $112,670$132,848
X-10c Land, buildings and equipment, netStart of year $22,915,757$21,837,309
X-11 Publicly traded securitiesStart of year $5,334,748$5,577,288
X-15 Other assetsStart of year $5,234,310$8,940,497
X-16 Total assetsStart of year $51,711,974$51,449,018
X-17 Accounts payable and accrued expensesStart of year $1,041,559$1,593,684
X-19 Deferred revenueStart of year $11,645$5,810
X-24 Unsecured notes and loans payableStart of year $972,226$810,313
X-25 Other liabilitiesStart of year $233,101$208,776
X-26 Total liabilitiesStart of year $2,369,452$2,618,583
X-32 Total net assets or fund balancesStart of year $49,342,522$48,830,435
X-33 Total liabilities and net assetsStart of year $51,711,974$51,449,018
Part XI · Reconciliation of net assets $48,830,435 net assets at year end
XI-1 Total revenue$7,137,903
XI-2 Total expenses$8,333,265
XI-3 Revenue less expenses−$1,195,362
XI-4 Net assets at start of year$49,342,522
XI-5 Net unrealized gains (losses) on investments−$152,082
XI-9 Other changes in net assets$835,357
XI-10 Net assets at end of year$48,830,435

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

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