Jackson County Water Utility INC

Not tax-deductible

Brownstown, INMutual-benefit / member-servingEIN 35-1277125Revenue $4.5M in FY2024

On file with the IRSPo Box 56, 47220-0056 · Brownstown, INTax-exempt since Apr 1986

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Distribute Water to members in the surrounding area

100¢ of each $1 spent went to programs.
$26K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $271K a year · 7% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$26K
to officers and key staff · 0.6% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$17.6M
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
-0.5% vs prior year
Spent
$4.2M
To programs
100%
Net assets
$15.4M
By yearFY2020–FY2024
Revenue
$4.5M
FY2024-0.5%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.9M
FY2021$3.8M
FY2022$4.1M
FY2023$4.5M
FY2024$4.5M
Expenses
$4.2M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.6M
FY2021$3.7M
FY2022$3.9M
FY2023$4.0M
FY2024$4.2M
Net assets
$15.4M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.3M
FY2021$13.8M
FY2022$14.0M
FY2023$14.9M
FY2024$15.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $4.2M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $26K paid to officers and key staff.

Part VII, Section A · reportable compensation
$3,400Pt VII · Sec A
President
$3,200Pt VII · Sec A
Director
$3,200Pt VII · Sec A
$3,200Pt VII · Sec A
$3,200Pt VII · Sec A
Director
$3,000Pt VII · Sec A
Director
$2,400Pt VII · Sec A
Vice President
$2,200Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Steve Ritter$3,200$3,000$3,800$2,125
Tim Steltenpohl$3,400$3,000$3,600$1,625
Richard Tormoehlen$3,200$3,000$3,400$1,625
Glenn Henry$3,200$3,000$3,400$1,500
Robert Akin$3,000$3,000$3,400$2,000
Clayton Beard$1,800$2,200$3,200$1,375
Gloria Baughman$3,200$3,000$3,200$1,625
Gary Wente$2,400$2,400$2,200$1,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Jackson County Water Utility INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides water to community members in the surrounding area.

Questions for Jackson County Water Utility INC

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Provided by the organization

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1 program · $4.2M · in their own filed words · FY2024
01

Distribute water to members in the surroundings area.

$4.2Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Fees for servicesLn 2g$4.3M
Investment incomeLn 3$127K
Other incomeLn 4–11$15K
Money outPt IX
$4.2M
Ln 25
Programscol B$4.2M
Owns and owesPt X
$15.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$33.0M
LiabilitiesLn 26$17.6M
PeoplePt VI, VII
9
listed · VII A
PaidVII A9
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.3M
Investment incomeLn 3$127K
Other incomeLn 4–11$15K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$340K
SavingsLn 2$2.9M
Cash and savings togetherLn 1–2$3.2M
Land, buildings, equipmentLn 10c$28.6M
Total assetsLn 16$33.0M
LiabilitiesLn 26$17.6M
Net assetsLn 32$15.4M
OperationsPt I, VI
EmployeesI 515
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4.4M$3.2M
Land, buildings, equipmentLn 10c$27.5M$28.6M
Total assetsLn 16$33.0M$33.0M
LiabilitiesLn 26$18.1M$17.6M
Net assetsLn 32$14.9M$15.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$26K
Other salaries and wagesLn 7$910K
Other employee benefitsLn 9$305K
Payroll taxesLn 10$73K
Legal feesLn 11b$21K
Accounting feesLn 11c$29K
Other fees for servicesLn 11g$245K
Office expensesLn 13$35K
TravelLn 17$90K
InterestLn 20$464K
Depreciation, depletion and amortizationLn 22$1.1M
InsuranceLn 23$64K
Other expenses (24a–d)Ln 24$881K
Total functional expensesLn 25$4.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.5M$4.2M$245K$15.4M 990 PDF
FY2023 $4.5M$4.0M$515K$14.9M 990 PDF
FY2022 $4.1M$3.9M$149K$14.0M 990 PDF
FY2021 $3.8M$3.7M$178K$13.8M 990 PDF
FY2020 $3.9M$3.6M$269K$13.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $4,484,218 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $4,280,876$4,341,903
I-10 Investment incomePrior year $210,003$127,195
I-11 Other revenuePrior year $14,490$15,120
I-12 Total revenuePrior year $4,505,369$4,484,218
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,130,530$1,314,828
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,860,230$2,924,389
I-18 Total expensesPrior year $3,990,760$4,239,217
I-19 Revenue less expensesPrior year $514,609$245,001
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,484,218 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,341,903$4,341,903
VIII-3 Investment incomeRelated to mission $127,195$127,195
VIII-6 Net rental income or lossRelated to mission $15,120$15,120
VIII-12 Total revenueRelated to mission $4,484,218 · Unrelated business $0 · Excluded from tax $0$4,484,218
Part IX · Statement of functional expenses $4,239,217 across 13 lines filed
IX-5 Pay of current officers, directors and key staff$25,600
IX-7 Other salaries and wages$910,493
IX-9 Other employee benefits$305,499
IX-10 Payroll taxes$73,236
IX-11b Legal fees$20,812
IX-11c Accounting fees$29,373
IX-11g Other fees for services$245,320
IX-13 Office expenses$35,250
IX-17 Travel$90,257
IX-20 Interest$464,359
IX-22 Depreciation, depletion and amortization$1,094,588
IX-23 Insurance$63,915
IX-24 Other expenses (24a–d)$880,515
IX-25 Total functional expenses$4,239,217
Part X · Balance sheet $32,982,167 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $570,400$339,716
X-2 Savings and temporary cash investmentsStart of year $3,851,538$2,882,954
X-4 Accounts receivableStart of year $312,788$311,711
X-8 Inventories for sale or useStart of year $365,028$363,222
X-9 Prepaid expenses and deferred chargesStart of year $406,296$438,275
X-10c Land, buildings and equipment, netStart of year $27,473,112$28,646,289
X-16 Total assetsStart of year $32,979,162$32,982,167
X-17 Accounts payable and accrued expensesStart of year $407,811$449,792
X-25 Other liabilitiesStart of year $5,025$5,025
X-26 Total liabilitiesStart of year $18,065,499$17,564,080
X-32 Total net assets or fund balancesStart of year $14,913,663$15,418,087
X-33 Total liabilities and net assetsStart of year $32,979,162$32,982,167
Part XI · Reconciliation of net assets $15,418,087 net assets at year end
XI-1 Total revenue$4,484,218
XI-2 Total expenses$4,239,217
XI-3 Revenue less expenses$245,001
XI-4 Net assets at start of year$14,913,663
XI-9 Other changes in net assets$259,425
XI-10 Net assets at end of year$15,418,087

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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