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Tri-County Water Association

Not tax-deductible

Taylorsville, MSMutual-benefit / member-servingUnclassified EIN 64-0567231Revenue $783K in FY2025

On file with the IRS838 County Road 7, 39168-9597 · Taylorsville, MSTax-exempt since Mar 2002

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Provide Water services

Mission: Form 990 Part I, line 1

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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
5 of 5
filings with a surplus
Average surplus $73K a year · 11% 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.0M
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
$783K
+7% vs prior year
Spent
$732K
To programs
0%
Net assets
$858K
By yearFY2021–FY2025
Revenue
$783K
FY2025▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2021$502K
FY2022$567K
FY2023$647K
FY2024$732K
FY2025$783K
Expenses
$732K
FY2025▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2021$443K
FY2022$541K
FY2023$561K
FY2024$591K
FY2025$732K
Net assets
$858K
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2021$555K
FY2022$581K
FY2023$667K
FY2024$807K
FY2025$858K

From the FY2025 Form 990 (year ending June 2025) · 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: FY2025. IRS ruling in Mar 2002.

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

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
$0Pt VII · Sec A
Joel Rogers
Board Member
$0Pt VII · Sec A
Lloyd Windham
Board Member
$0Pt VII · Sec A
Corburn Yelverton
Board Member
$0Pt VII · Sec A
Shane Cargyle
Vice Preside
$0Pt VII · Sec A
Robert Hicks
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Tri-County Water Association 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

Tri-County Water Association is a member-serving organization based in Taylorsville, MS.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Provide water to residences and businesses within approved service area

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$783K
Ln 12
Fees for servicesLn 2g$781K
Investment incomeLn 3$2K
Money outPt IX
$732K
Ln 25
Owns and owesPt X
$858K
net assets · Ln 32
Cash and savingsLn 1–2$186K
Total assetsLn 16$1.9M
LiabilitiesLn 26$1.0M
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$781K
Investment incomeLn 3$2K
Total revenueLn 12$783K
Assets in detailPt X, end of year
CashLn 1$186K
Cash and savings togetherLn 1–2$186K
InvestmentsLn 11–13$21K
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$1.9M
LiabilitiesLn 26$1.0M
Net assetsLn 32$858K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$242K$186K
InvestmentsLn 11–13$21K$21K
Land, buildings, equipmentLn 10c$476K$1.5M
Total assetsLn 16$858K$1.9M
LiabilitiesLn 26$50K$1.0M
Net assetsLn 32$807K$858K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$194K
Other employee benefitsLn 9$22K
Payroll taxesLn 10$15K
Accounting feesLn 11c$9K
Advertising and promotionLn 12$110
Depreciation, depletion and amortizationLn 22$62K
Other expenses (24a–d)Ln 24$286K
All other expensesLn 24e$145K
Total functional expensesLn 25$732K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $783K$732K$51K$858K 990 PDF
FY2024 $732K$591K$141K$807K 990 PDF
FY2023 $647K$561K$86K$667K 990 PDF
FY2022 $567K$541K$26K$581K 990 PDF
FY2021 $502K$443K$59K$555K 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 $782,986 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $730,244$781,409
I-10 Investment incomePrior year $1,680$1,577
I-11 Other revenue$0
I-12 Total revenuePrior year $731,924$782,986
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $195,916$230,510
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $395,199$501,814
I-18 Total expensesPrior year $591,115$732,324
I-19 Revenue less expensesPrior year $140,809$50,662
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $782,986 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $781,409$781,409
VIII-3 Investment incomeRelated to mission $1,577$1,577
VIII-12 Total revenueRelated to mission $782,986$782,986
Part IX · Statement of functional expenses $732,324 across 8 lines filed
IX-7 Other salaries and wages$193,525
IX-9 Other employee benefits$22,151
IX-10 Payroll taxes$14,834
IX-11c Accounting fees$9,080
IX-12 Advertising and promotion$110
IX-22 Depreciation, depletion and amortization$61,564
IX-24 Other expenses (24a–d)$285,924
IX-24e All other expenses$145,136
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$732,324
Part X · Balance sheet $1,888,201 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $242,026$185,974
X-3 Pledges and grants receivable$15,000
X-4 Accounts receivableStart of year $83,217$82,672
X-8 Inventories for sale or useStart of year $23,169$38,169
X-9 Prepaid expenses and deferred chargesStart of year $11,769$15,201
X-10c Land, buildings and equipment, netStart of year $476,067$1,530,609
X-11 Publicly traded securitiesStart of year $21,493$20,576
X-16 Total assetsStart of year $857,741$1,888,201
X-17 Accounts payable and accrued expensesStart of year $23,120$43,602
X-19 Deferred revenue$983,330
X-24 Unsecured notes and loans payableStart of year $27,235$3,219
X-25 Other liabilitiesStart of year $74$76
X-26 Total liabilitiesStart of year $50,429$1,030,227
X-27 Net assets without donor restrictionsStart of year $807,312$857,974
X-32 Total net assets or fund balancesStart of year $807,312$857,974
X-33 Total liabilities and net assetsStart of year $857,741$1,888,201
Part XI · Reconciliation of net assets $857,974 net assets at year end
XI-1 Total revenue$782,986
XI-2 Total expenses$732,324
XI-3 Revenue less expenses$50,662
XI-4 Net assets at start of year$807,312
XI-10 Net assets at end of year$857,974

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

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