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Clay County Water INC

Not tax-deductible

Flora, ILMutual-benefit / member-servingSince 1994Mutual / membership EIN 36-1330547Revenue $525K in FY2025

On file with the IRSPo Box 555, 62839-0555 · Flora, ILTax-exempt since Jan 1995

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Rural Water delivery system

91¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $63K a year · 14% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.3M
55% of total assets
Fine: liabilities are 55% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$525K
+3% vs prior year
Spent
$666K
To programs
91%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$525K
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$416K
FY2021$430K
FY2022$438K
FY2023$471K
FY2024$509K
FY2025$525K
Expenses
$666K
FY2025▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$441K
FY2021$476K
FY2022$487K
FY2023$538K
FY2024$559K
FY2025$666K
Net assets
$2.7M
FY2025+0.4%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.8M
FY2021$2.8M
FY2022$2.7M
FY2023$2.7M
FY2024$2.6M
FY2025$2.7M

From the FY2025 Form 990 (year ending September 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1995.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $605K Management & general 9% · $60K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Troy Leonard
President
$0Pt VII · Sec A
Bobby Briscoe
Vice President
$0Pt VII · Sec A
Hank Hilmes
Secretary
$0Pt VII · Sec A
Troy Britton
Treasurer
$0Pt VII · Sec A
William Croy
Director
$0Pt VII · Sec A
Bryce Henry
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Clay County Water 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 15aNo

Programs and updates

Clay County Water INC is a member-serving organization based in Flora, IL, formed in 1994.

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Provided by the organization

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1 program · $605K · in their own filed words · FY2024
01

Distribution of water to members

$605Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$525K
Ln 12
Fees for servicesLn 2g$506K
Investment incomeLn 3$19K
Money outPt IX
$666K
Ln 25
Programscol B$605K
Managementcol C$60K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$449K
Total assetsLn 16$5.9M
LiabilitiesLn 26$3.3M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$506K
Investment incomeLn 3$19K
Total revenueLn 12$525K
Assets in detailPt X, end of year
CashLn 1$65K
SavingsLn 2$384K
Cash and savings togetherLn 1–2$449K
Land, buildings, equipmentLn 10c$5.4M
Total assetsLn 16$5.9M
LiabilitiesLn 26$3.3M
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$521K$449K
Land, buildings, equipmentLn 10c$5.4M$5.4M
Total assetsLn 16$6.0M$5.9M
LiabilitiesLn 26$3.3M$3.3M
Net assetsLn 32$2.6M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$53K$53K
Accounting feesLn 11c$7K$7K
OccupancyLn 16$101K$101K
InterestLn 20$71K$71K
Depreciation, depletion and amortizationLn 22$197K$197K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$223K$223K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$666K$605K$60K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $525K$666K−$141K$2.7M 990 PDF
FY2024 $509K$559K−$50K$2.6M 990 PDF
FY2023 $471K$538K−$68K$2.7M 990 PDF
FY2022 $438K$487K−$49K$2.7M 990 PDF
FY2021 $430K$476K−$46K$2.8M 990 PDF
FY2020 $416K$441K−$25K$2.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $524,819 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $490,088$505,792
I-10 Investment incomePrior year $18,944$19,027
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $509,032$524,819
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $559,370$665,546
I-18 Total expensesPrior year $559,370$665,546
I-19 Revenue less expensesPrior year −$50,338−$140,727
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $524,819 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $505,792$505,792
VIII-3 Investment incomeExcluded from tax $19,027$19,027
VIII-12 Total revenueRelated to mission $505,792 · Unrelated business $0 · Excluded from tax $19,027$524,819
Part IX · Statement of functional expenses $665,546 across 8 lines filed
IX-11a Management feesManagement $53,150$53,150
IX-11c Accounting feesManagement $7,150$7,150
IX-16 OccupancyPrograms $100,762$100,762
IX-20 InterestPrograms $71,154$71,154
IX-22 Depreciation, depletion and amortizationPrograms $196,884$196,884
IX-23 InsurancePrograms $2,102$2,102
IX-24 Other expenses (24a–d)Programs $223,000$223,000
IX-24e All other expensesPrograms $11,344$11,344
IX-25 Total functional expensesPrograms $605,246 · Management $60,300 · Fundraising $0$665,546
Part X · Balance sheet $5,907,855 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $83,056$64,642
X-2 Savings and temporary cash investmentsStart of year $437,772$384,452
X-4 Accounts receivableStart of year $48,720$50,582
X-9 Prepaid expenses and deferred chargesStart of year $2,474$2,474
X-10c Land, buildings and equipment, netStart of year $5,408,974$5,405,705
X-16 Total assetsStart of year $5,980,996$5,907,855
X-17 Accounts payable and accrued expensesStart of year $24,158$41,450
X-25 Other liabilitiesStart of year $3,075$3,300
X-26 Total liabilitiesStart of year $3,335,473$3,251,206
X-27 Net assets without donor restrictionsStart of year $569,283$521,800
X-28 Net assets with donor restrictionsStart of year $2,076,240$2,134,849
X-32 Total net assets or fund balancesStart of year $2,645,523$2,656,649
X-33 Total liabilities and net assetsStart of year $5,980,996$5,907,855
Part XI · Reconciliation of net assets $2,656,649 net assets at year end
XI-1 Total revenue$524,819
XI-2 Total expenses$665,546
XI-3 Revenue less expenses−$140,727
XI-4 Net assets at start of year$2,645,523
XI-5 Net unrealized gains (losses) on investments−$1,833
XI-6 Donated services and use of facilities$128,688
XI-8 Prior period adjustments$24,998
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,656,649

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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