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Filing year 2023

LAKE PANASOFFKEE WATER ASSOCIATION INC

Lake Panasoffkee, Florida·EIN 59-1236062·501(c)(12)
Total revenue
$603k
Total assets
$2M
Total expenses
$726k
Reported officers
6
Mission

TO MAINTAIN A RURAL WATER UTILITY WHICH PROVIDES POTABLE WATER TO ITS MEMBERS LIVING IN THE LAKE PANASOFFKEE, FLORIDA AREA

Executive compensation

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
Below 10th percentile
$550
$601
Director
Board Member
Below 10th percentile
$550
$601
Vice-president
Below 10th percentile
$550
$601
Director
Board Member
Below 10th percentile
$550
$601
Secretary/treasurer
Officer (Unspecified)
$550
$601
Director
Board Member
Below 10th percentile
$300
$328

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay fell 8% from 2022 to 2023, while revenue fell 2%.

$599 in 2022 to $550 in 2023.
  • Chief Executive Officer pay fell 8% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Financial trend

Revenue and expenses over time

LAKE PANASOFFKEE WATER ASSOCIATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$618k
$667k
2022
$603k
$726k
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about LAKE PANASOFFKEE WATER ASSOCIATION INC

What does the Chief Executive Officer of LAKE PANASOFFKEE WATER ASSOCIATION INC earn?

In 2023, the Chief Executive Officer of LAKE PANASOFFKEE WATER ASSOCIATION INC received $550 in total compensation. This pay is in the bottom 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Chief Executive Officer pay at LAKE PANASOFFKEE WATER ASSOCIATION INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at LAKE PANASOFFKEE WATER ASSOCIATION INC falls in the bottom 10%.

What are LAKE PANASOFFKEE WATER ASSOCIATION INC's revenue and expenses?

In 2023, LAKE PANASOFFKEE WATER ASSOCIATION INC reported $603k in total revenue and $726k in total expenses on its IRS Form 990.

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