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Nonprofit · EIN 74-1908181

SALADO WATER SUPPLY CORPORATION

Tax-exempt · SALADO, TX 76571

Financials

$3.6M$3.2M2022$3.8M$3.6M2023$4.5M$3.7M2024
Revenue Expenses · by fiscal year end
Financials of SALADO WATER SUPPLY CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$4,539,466$3,718,267$821,199$23,683,592$4,688,292$18,995,300
September 30, 2024990$3,798,881$3,584,241$214,640$21,833,712$4,846,403$16,987,309
September 30, 2023990$3,624,563$3,179,361$445,202$19,876,952$4,299,603$15,577,349
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$4,333,690
Investment income
$149,974
Net gain from sales of assets
$1,000
Other revenue
$55,802

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$219,952
Other salaries and wages
$664,046
Salaries, compensation and benefits (total)
$1,038,104
Professional fundraising fees
$0
Accounting fees
$21,580
Travel
$13,044
Depreciation
$620,763
Program services (functional)
$3,466,717
Management and general (functional)
$251,550

Balance sheet and other

Total assets, start of year
$21,833,712
Total assets, end of year
$23,683,592
Total liabilities, end of year
$4,688,292
Net assets, end of year
$18,995,300
Land, buildings and equipment
$15,696,677
Gross receipts
$4,539,466
Employees
13
Year formed
1971
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
JOHN PRESTONOPER MANAGER
Key employee
40$219,952
BOB BRADLEYDIRECTOR
Trustee or director
1$0
BECKY BUTSCHERDIRECTOR
Trustee or director
1$0
BILL HEATHDIRECTOR
Trustee or director
1$0
SCOT HRBACEKDIRECTOR
Trustee or director
1$0
LEN MEWHINNEYDIRECTOR
Trustee or director
1$0
STEVE ERVINSECRETARY
Officer
1$0
LAWSON GRANTVICE PRESIDE
Officer
1$0
MICHELLE LENISTREASURER
Officer
1$0
FLETCHER RHODESPRESIDENT
Officer
1$0
990 for the year ended September 30, 2024: 10 people
NameTitleHours / weekCompensation
JOHN PRESTONOPER MANAGER
Key employee
40$216,102
BOB BRADLEYDIRECTOR
Trustee or director
1$0
BECKY BUTSCHERDIRECTOR
Trustee or director
1$0
BILL HEATHDIRECTOR
Trustee or director
1$0
SCOT HRBACEKDIRECTOR
Trustee or director
1$0
LEN MEWHINNEYDIRECTOR
Trustee or director
1$0
STEVE ERVINSECRETARY
Officer
1$0
LAWSON GRANTVICE PRESIDE
Officer
1$0
MICHELLE LENISTREASURER
Officer
1$0
FLETCHER RHODESPRESIDENT
Officer
1$0
990 for the year ended September 30, 2023: 10 people
NameTitleHours / weekCompensation
JOHN PRESTONOPER MANAGER
Key employee
40$205,501
BOB BRADLEYDIRECTOR
Trustee or director
1$0
BECKY BUTSCHERDIRECTOR
Trustee or director
1$0
BILL HEATHDIRECTOR
Trustee or director
1$0
SCOT HRBACEKDIRECTOR
Trustee or director
1$0
LEN MEWHINNEYDIRECTOR
Trustee or director
1$0
STEVE ERVINSECRETARY
Officer
1$0
LAWSON GRANTVICE PRESIDE
Officer
1$0
MICHELLE LENISTREASURER
Officer
1$0
FLETCHER RHODESPRESIDENT
Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 128, SALADO, TX 76571-0128
Principal officer (990 for 2024)
MICHELLE LENIS, P O BOX 128, SALADO, TX 76571
Signed the 990
MICHELLE LENIS, TREASURER
Phone
(254) 947-5425
Return prepared by
LUDWICK MONTGOMERY & STAPP PC

Mission

PROVIDE TREATED SERVICE WATER TO MEMBERS.

990 for the year ended September 30, 2025

Program accomplishments

  • PROVIDE TREATED SERVICE WATER TO MEMBERS.
    Expenses $3,466,717 · revenue $4,333,690

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 15, 2027Not due yet
2024September 30, 2025February 16, 2026990 on file
2023September 30, 2024February 17, 2025990 on file

IRS record

EIN
74-1908181
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1971
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$23,683,592
Income (IRS master file)
$4,539,466

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$4,539,466$3,718,267$23,683,592XML
990September 2024$3,798,881$3,584,241$21,833,712XML
990September 2023$3,624,563$3,179,361$19,876,952XML
990September 2022$3,307,195$2,632,239$17,968,991IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-1908181).

Questions about SALADO WATER SUPPLY CORPORATION

What is the EIN of SALADO WATER SUPPLY CORPORATION?
The employer identification number (EIN) of SALADO WATER SUPPLY CORPORATION is 74-1908181.
Is SALADO WATER SUPPLY CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1971.
Are donations to SALADO WATER SUPPLY CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SALADO WATER SUPPLY CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SALADO WATER SUPPLY CORPORATION due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SALADO WATER SUPPLY CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of SALADO WATER SUPPLY CORPORATION?
The 990 for the year ended September 30, 2025 names MICHELLE LENIS.
Who are the officers and directors of SALADO WATER SUPPLY CORPORATION?
The 990 for the year ended September 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $219,952 (JOHN PRESTON, OPER MANAGER).
How much revenue does SALADO WATER SUPPLY CORPORATION have?
On its 990 for the year ended September 30, 2025 it reported revenue of $4,539,466, expenses of $3,718,267 and total assets of $23,683,592 at year end.

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