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Filing year 2024

RURAL WATER SYSTEM NUMBER 1

Hospers, Iowa·EIN 42-0946161·12
Total revenue
$3.4M
Total assets
$36.4M
Total expenses
$3.1M
Reported officers
11
Mission

WATER SALES

Executive compensation, broken down

Form 990 · Schedule J · 11 reported individuals · Filing year 2024

Manager
key employee
$172k
$185k
Base
$172k
Bonus
Other
Benefits
Secretary
officer (unspecified)
$2k
$2k
Director
board member
$1k
$1k
Director
board member
$1k
$1k
Director
board member
$1k
$1k
Vice Preside
vice president
$1k
$1k
Director
board member
$875
$941
Director
board member
$750
$807
Director
board member
$750
$807
Director
board member
$375
$403

Teal figures restate each filed amount in 2026 dollars.

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

Up 3%
from 2023

From $167k in 2023 to $172k in 2024.

$167k
2023
$172k
2024
In today's dollarsEst.
Up 1% in real terms$184k to $185k

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

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

RURAL WATER SYSTEM NUMBER 1 reported revenue and expenses across 2 filing years.

RevenueExpenses
$3.4M
$3M
2023
$3.4M
$3.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
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