2024-07-30T16:11:04-04:00 2023-12-31 882802798 FORGE FINANCIAL & MANAGEMENT CONSULTING 1245 JORDAN CREEK PKWY STE 100 WEST DES MOINES IA 502662343 990 2023-01-01 237189705 RATHBUN REGIONAL WATER ASSOCIATION INC RATH 6416472416 16166 HWY J29 CENTERVILLE IA 52544 ROD GLOSSER CEO 6416472416 2024-07-29 true true DAN MONTGOMERY CPA P02183410 5156203050 2024-07-30 2023 2024-08-08 14:25:15Z RANDY EDDY 18365 HWY 5 CENTERVILLE IA 52544 22956779 false X WWW.RRWA.NET X 1976 IA TO PROVIDE WATER TO RESIDENTS AND COMMUNITIES IN SOUTH CENTRAL AND SOUTHEAST IOWA AS WELL AS TO PUBLIC WATER SUPPLY DISTRICTS AND COMMUNITIES IN NORTHERN MISSOURI. 7 7 71 0 0 27204781 21708931 489691 1144136 0 27694472 22853067 0 0 5557161 6185769 0 0 13337325 13674730 18894486 19860499 8799986 2992568 149040124 150145781 37528457 35545839 111511667 114599942 TO PROVIDE WATER TO RESIDENTS AND COMMUNITIES IN SOUTH CENTRAL AND SOUTHEAST IOWA AS WELL AS TO PUBLIC WATER SUPPLY DISTRICTS AND COMMUNITIES IN NORTHERN MISSOURI. false false PURIFICATION AND DISTRIBUTION OF WATER TO MEMBERS/CUSTOMERS; 21,596 AVERAGE ACTIVE MEMBERS/CUSTOMERS AT 12-31-2023; 3,374,134,000 GALLONS OF WATER BILLED IN 2023. COLLECTION AND TREATMENT OF WASTEWATER: 739 AVERAGE ACTIVE CUSTOMERS AT 12 -31-2023 AND 26,523,000 GALLONS BILLED IN 2023. false false false false false false false false false true false false false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 18 0 true 71 true false false false false false 21513989 1279952 false false false X 7 7 false false false false true true false true true false false false true false false true true true true false X ROD GLOSSER 6416472416 16166 HWY J29 CENTERVILLE IA 52544 ROD GLOSSER CEO 40.00 X 175565 0 45125 GARRY SCHILLER DIRECTOR 3.00 X 5244 0 0 CHARLES WARNER DIRECTOR 3.00 X 4912 0 0 CURT FRANK DIRECTOR 3.00 X 4725 0 0 DOUG GOBEN SECRETARY/TR 3.00 X X 4096 0 0 KEN WUTHRICH DIRECTOR 3.00 X 3672 0 0 DENNIS AMOSS VICE CHAIRMA 3.00 X X 3070 0 0 RANDY EDDY CHAIRMAN 3.00 X X 3037 0 0 204321 45125 1 false true false WATER REVENUE 221000 19677650 19677650 CONSTRUCTION INCOME 221000 1378594 1378594 WASTE WATER REVENUE 221000 247199 247199 CONNECTION FEES 221000 210546 210546 OTHER OPERATING INCOME 221000 153545 153545 41397 41397 21708931 894242 894242 353606 103712 249894 249894 249894 22853067 21958825 894242 220690 4208146 1756933 24530 260767 336360 55306 1193074 100488 1302506 4191945 157828 WATER PURCHASES 2080947 SUPPLIES 1986512 PURIFICATION CHEMICALS 1979077 REPAIRS AND MAINTENANCE 1181907 -1176517 19860499 0 0 0 175 175 26807821 27833963 1837042 1924277 1161291 1541480 259344 248139 206427053 89553709 117071099 116873344 1903352 1724403 149040124 150145781 1725268 1681104 35803189 33864735 37528457 35545839 X 111511667 114599942 111511667 114599942 149040124 150145781 2992568 95707 X false true X true false 766070 766070 45248781 20623627 24625154 10303070 7070339 3232731 150109132 61859743 88249389 116873344 X 22621292 95707 95707 22525585 327482 327482 22853067 19534627 19534627 325872 325872 19860499 SCHEDULE D, PAGE 3, PART X THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ASSOCIATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE WAS NO TAX LIABILITY FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. SCHEDULE D, PAGE 4, PART XI, LINE 4B PATRONAGE DIVIDEND INCOME 161,228 CONSTRUCTION SUPPLIES 126,481 MISCELLANEOUS EXPENSES 38,163 MEMBER DEPOSITS 1,610 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDEND INCOME 161,228 CONSTRUCTION SUPPLIES 126,481 MISCELLANEOUS EXPENSES 38,163 X X X false false false ROD GLOSSER CEO 175565 45052 73 220690 FORM 990, PAGE 6, PART VI, LINE 6 WHEN A HOOKUP IS CONNECTED, THE CORRESPONDING OWNER PAYS A FEE TO RATHBUN REGIONAL WATER AS A MEMBERSHIP FEE AND IS CONSIDERED A MEMBER AS LONG AS THEY MAINTAIN THE HOOKUP IN THE RURAL WATER DISTRICT. FORM 990, PAGE 6, PART VI, LINE 7A BOARD MEMBERS SERVE A THREE YEAR TERM. WHEN THEIR TERM IS EXPIRING, A NOMINATING COMMITTEE RECOMMENDS INDIVIDUALS, WHICH MUST BE A RATHBUN REGIONAL WATER MEMBER, TO BE PLACED ON THE BALLOT. INDIVIDUALS MAY ALSO BE PLACED ON THE BALLOT BY PETITION. THESE INDIVIDUALS ARE THEN VOTED ON BY MEMBERS IN ATTENDANCE OF THE ANNUAL MEETING IN FEBRUARY. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT OF THE FORM 990 IS PRESENTED TO THE CFO FOR REVIEW. UPON APPROVAL, A FINAL DRAFT OF THE FORM 990 IS PREPARED AND SUBMITTED TO THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR EXECUTIVE DIRECTOR IS SET BY ENTIRE BOARD OF DIRECTORS AFTER CONFIDENTIAL EMPLOYEE EVALUATION FORMS ARE COMPLETED AND PERFORMANCE IS DISCUSSED IN CLOSED SESSION WITHOUT EXECUTIVE DIRECTOR PRESENT. SALARY COMPARISONS WITH OTHER SIMILAR ENTITIES IS UTILIZED DURING THIS PROCESS. TOP MANAGEMENT AND OTHER OFFICERS GO THROUGH A SIMILAR PROCESS, HOWEVER THE EXECUTIVE DIRECTOR IS INVOLVED WITH THE BOARD IN CLOSED SESSION. NO INDEPENDENT/OUTSIDE INDIVIDUALS ARE UTILIZED TO REVIEW AND/OR APPROVE COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR EXECUTIVE DIRECTOR IS SET BY ENTIRE BOARD OF DIRECTORS AFTER CONFIDENTIAL EMPLOYEE EVALUATION FORMS ARE COMPLETED AND PERFORMANCE IS DISCUSSED IN CLOSED SESSION WITHOUT EXECUTIVE DIRECTOR PRESENT. SALARY COMPARISONS WITH OTHER SIMILAR ENTITIES IS UTILIZED DURING THIS PROCESS. TOP MANAGEMENT AND OTHER OFFICERS GO THROUGH A SIMILAR PROCESS, HOWEVER THE EXECUTIVE DIRECTOR IS INVOLVED WITH THE BOARD IN CLOSED SESSION. NO INDEPENDENT/OUTSIDE INDIVIDUALS ARE UTILIZED TO REVIEW AND/OR APPROVE COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 MADE AVAILABLE UPON REQUEST