Bbp Water Corporation
Nonprofit profile at a glance
- EIN
- 351590713
- IRS 990 coverage
- 2011–2025
- Forms available
- Form 990 2025
- Location
- Spencer, IN, USA
- Phone
- 8128292283
- Rating confidence
- Limited
Reported finances
- Revenue
- $4,214,359
- Expenses
- $3,727,330
- Assets
- $24,597,686
- Liabilities
- $10,462,279
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- BRUCE HAMLIN (VICE PRESIDENT)
- REED HODGES (PRESIDENT)
Highest reported compensation
- JUDY TUCKER (DIRECTOR): $3,150 total reported compensation
- MIKE NOTH (DIRECTOR): $2,700 total reported compensation
- RONDA STOGSDILL (DIRECTOR): $2,320 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To distribute water to members
What it reported doing in 2025
The corporation sold approximately 246,003,600 gallons of water to an average of 4,000 customers
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 91
- Sustainability: 64
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 11.6%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 6.6; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 0.4%; rating input score 79; 79th percentile among comparable filings
Growth
- Program expense growth: -25.1% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: 5.7% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: 5% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.7M in reported program spending
- Leadership: top reported pay $3K · 9 people listed
- Consistency: 11 of 11 current checks pass
- Schedules: 2 filed schedules
- Filing history: 15 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- Review — Sustainability: Operating margin scored 59/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.