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Potosi Water Supply Corporation

  • Abilene, TX
  • Tax-exempt since Jan. 1966
  • EIN: 75-6021650

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$2.1M (2023)

Expenses
$1.01M (2023)

Total Assets
$11.2M (2023)

Total Liabilities
$1.21M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,097,085
Expenses
$1,013,766
Net Income
$1,083,319
Net Assets
$9,963,950
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $51,146
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,939,575
92.5%
Other Revenue $106,364
5.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $211,208
20.8%
Assets/Debt
Total Assets $11,171,244
Total Liabilities $1,207,294
Net Assets $9,963,950
Club or Co-Op Income
Income From Members $3,676,376
Income From Other Sources $51,146
Compensation
Key Employees and Officers Compensation Related Other
Ken Hogan (Secretary) $0 $0 $0
Rebecca Allison (Director) $0 $0 $0
James Asbill (Director) $0 $0 $0
Chris Jennings (Director) $0 $0 $0
Mike Collier (Director) $0 $0 $0
La Rhea West (Director) $0 $0 $0
Terry Monroe (President) $0 $0 $0
Rick Young (Vice President) $0 $0 $0
Cody Dikes (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on April 23, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,785,608
Expenses
$1,060,383
Net Income
$725,225
Net Assets
$8,875,681
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $11,770
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,583,666
88.7%
Other Revenue $190,172
10.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $204,043
19.2%
Assets/Debt
Total Assets $10,018,307
Total Liabilities $1,142,626
Net Assets $8,875,681
Club or Co-Op Income
Income From Members $3,701,852
Income From Other Sources $11,770
Compensation
Key Employees and Officers Compensation Related Other
Ken Hogan (Secretary) $0 $0 $0
Rebecca Allison (Director) $0 $0 $0
James Asbill (Director) $0 $0 $0
Cody Jennings (Director) $0 $0 $0
Mike Collier (Director) $0 $0 $0
La Rhea West (Director) $0 $0 $0
Terry Monroe (President) $0 $0 $0
Rick Young (Vice President) $0 $0 $0
Cody Dikes (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 9, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,104,019
Expenses
$1,101,739
Net Income
$2,280
Net Assets
$7,926,004
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $8,132
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $912,688
82.7%
Other Revenue $183,199
16.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $68,644
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $187,580
17.0%
Assets/Debt
Total Assets $8,095,712
Total Liabilities $169,708
Net Assets $7,926,004
Club or Co-Op Income
Income From Members $2,635,075
Income From Other Sources $8,132
Compensation
Key Employees and Officers Compensation Related Other
Javier Landeros Jr () $68,644 $0 $0
Dwain Vinson (President) $0 $0 $0
Wayne Whetsel (Vice President) $0 $0 $0
Ken Hogan (Secretary) $0 $0 $0
Lynn Brown (Director) $0 $0 $0
Mike Collier (Director) $0 $0 $0
Roddy Haley (Director) $0 $0 $0
Terry Monroe (Director) $0 $0 $0
Rick Young (Director) $0 $0 $0
Cody Dikes (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Sept. 28, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,749,878
Expenses
$2,514,405
Net Income
$235,473
Net Assets
$7,743,454
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,710,054
98.6%
Investment Income $30,864
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,960
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $208,056
8.3%
Assets/Debt
Total Assets $7,868,138
Total Liabilities $124,684
Net Assets $7,743,454
Club or Co-Op Income
Income From Members $2,707,961
Income From Other Sources $41,917
Compensation
Key Employees and Officers Compensation Related Other
Dwain Vinson (President) $0 $0 $0
Wayne Whetsel (Vice President) $0 $0 $0
Ken Hogan (Sec./Treasurer) $0 $0 $0
Larry Brown (Director) $0 $0 $0
Lynn Brown (Director) $0 $0 $0
Erby Wolfe (Director) $0 $0 $0
Mike Collier (Director) $0 $0 $0
Terry Monroe (Director) $0 $0 $0
Roddy Haley (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,758,022
Expenses
$1,742,121
Net Income
$1,015,901
Net Assets
$7,504,202
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,758,022
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $203,342
11.7%
Assets/Debt
Total Assets $7,619,482
Total Liabilities $115,280
Net Assets $7,504,202
Club or Co-Op Income
Income From Members $2,737,229
Income From Other Sources $20,792
Compensation
Key Employees and Officers Compensation Related Other
Dwain Vinson (President) $0 $0 $0
Wayne Whetsel (Vice President) $0 $0 $0
Ken Hogan (Sec./Treasurer) $0 $0 $0
Larry Brown (Director) $0 $0 $0
Lynn Brown (Director) $0 $0 $0
Erby Wolfe (Director) $0 $0 $0
Mike Collier (Director) $0 $0 $0
Terry Monroe (Director) $0 $0 $0
Roddy Haley (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on July 24, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,470,643
Expenses
$1,798,027
Net Income
$672,616
Net Assets
$6,488,303
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,457,682
99.5%
Investment Income $12,961
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $178,588
9.9%
Assets/Debt
Total Assets $6,577,064
Total Liabilities $88,761
Net Assets $6,488,303
Club or Co-Op Income
Income From Members $2,437,412
Income From Other Sources $13,231
Compensation
Key Employees and Officers Compensation Related Other
Dwain Vinson (President) $0 $0 $0
Wayne Whetsel (Vice President) $0 $0 $0
Ken Hogan (Sec./Treasurer) $0 $0 $0
Larry Brown (Director) $0 $0 $0
Lynn Brown (Director) $0 $0 $0
Erby Wolfe (Director) $0 $0 $0
Mike Collier (Director) $0 $0 $0
Terry Monroe (Director) $0 $0 $0
Vacant (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on June 7, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,147,038
Expenses
$1,945,689
Net Income
$201,349
Net Assets
$5,815,686
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,138,013
99.6%
Investment Income $9,025
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $188,003
9.7%
Assets/Debt
Total Assets $5,921,537
Total Liabilities $105,851
Net Assets $5,815,686
Club or Co-Op Income
Income From Members $2,134,740
Income From Other Sources $12,298
Compensation
Key Employees and Officers Compensation Related Other
Dwain Vinson (President) $0 $0 $0
Wayne Whetsel (Vice President) $0 $0 $0
Ken Hogan (Sec./Treasurer) $0 $0 $0
Dale Hollingshead (Director) $0 $0 $0
Lynn Brown (Director) $0 $0 $0
I N Miller Jr (Director) $0 $0 $0
Erby Wolfe (Director) $0 $0 $0
Mike Collier (Director) $0 $0 $0
Terry Monroe (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Oct. 29, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,114,447
Expenses
$1,632,488
Net Income
$481,959
Net Assets
$5,614,336
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,111,285
99.9%
Investment Income $4,058
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$896
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $172,794
10.6%
Assets/Debt
Total Assets $5,707,376
Total Liabilities $93,040
Net Assets $5,614,336
Club or Co-Op Income
Income From Members $1,844,286
Income From Other Sources $270,162
Compensation
Key Employees and Officers Compensation Related Other
Dwain Vinson (President) $0 $0 $0
Wayne Whetsel (Vice President) $0 $0 $0
Ken Hogan (Sec./Treasurer) $0 $0 $0
Dale Hollingshead (Director) $0 $0 $0
Lynn Brown (Director) $0 $0 $0
I N Miller Jr (Director) $0 $0 $0
Erby Wolfe (Director) $0 $0 $0
Mike Collier (Director) $0 $0 $0
Terry Monroe (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 8, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,858,498
Expenses
$1,488,291
Net Income
$370,207
Net Assets
$5,132,377
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,857,464
99.9%
Investment Income $1,034
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $161,674
10.9%
Assets/Debt
Total Assets $5,196,147
Total Liabilities $63,770
Net Assets $5,132,377
Club or Co-Op Income
Income From Members $1,704,407
Income From Other Sources $154,091
Compensation
Key Employees and Officers Compensation Related Other
Dwain Vinson (President) $0 $0 $0
Ken Hogan (Vice President) $0 $0 $0
Wayne Whetsel (Sec./Treasurer) $0 $0 $0
Dale Hollingshead (Director) $0 $0 $0
Lynn Brown (Director) $0 $0 $0
I N Miller Jr (Director) $0 $0 $0
Erby Wolfe (Director) $0 $0 $0
Larry Brown (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on April 21, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,677,519
Expenses
$1,421,854
Net Income
$255,665
Net Assets
$4,762,169
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,656,579
98.8%
Investment Income $4,535
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $16,405
1.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $154,197
10.8%
Assets/Debt
Total Assets $4,827,242
Total Liabilities $65,073
Net Assets $4,762,169
Club or Co-Op Income
Income From Members $1,655,952
Income From Other Sources $21,567
Compensation
Key Employees and Officers Compensation Related Other
Dwain Vinson (President) $0 $0 $0
Ken Hogan (Vice President) $0 $0 $0
Wayne Whetsel (Sec. Treasurer) $0 $0 $0
Dale Hollingshead (Director) $0 $0 $0
Lynn Brown (Director) $0 $0 $0
I N Miller Jr (Director) $0 $0 $0
Erby Wolfe (Director) $0 $0 $0
Danny Isbell (Director) $0 $0 $0
Larry Brown (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 20, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,382,462
Expenses
$1,279,480
Net Income
$102,982
Net Assets
$4,506,504
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,381,631
99.9%
Investment Income $831
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $145,520
11.4%
Assets/Debt
Total Assets $4,577,875
Total Liabilities $71,371
Net Assets $4,506,504
Club or Co-Op Income
Income From Members $1,381,631
Income From Other Sources $831

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,384,095
Expenses
$1,235,831
Net Income
$148,264
Net Assets
$3,985,678
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,000
0.5%
Program Services $1,374,163
99.3%
Investment Income $2,932
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $139,224
11.3%
Assets/Debt
Total Assets $4,042,144
Total Liabilities $56,466
Net Assets $3,985,678
Club or Co-Op Income
Income From Members $1,381,163
Income From Other Sources $2,932

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,548,314
Expenses
$1,298,449
Net Income
$249,865
Net Assets
$3,752,713
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,600
0.2%
Program Services $1,540,185
99.5%
Investment Income $4,529
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $126,886
9.8%
Assets/Debt
Total Assets $3,810,447
Total Liabilities $57,734
Net Assets $3,752,713
Club or Co-Op Income
Income From Members $1,540,185
Income From Other Sources $4,423

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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