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Walker Switch Water Association FY2024 filing

Iuka, MSUnknown exempt organizationEIN 64-0756066Revenue $632K in FY2024

On file with the IRSPo Box 412 · Iuka, MS

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Rural Water system.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
2 of 3
filings with a surplus
Average surplus $153K a year · 44% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$23K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$632K
+199% vs prior year
Spent
$198K
To programs
0%
Net assets
$774K
By yearFY2021–FY2025
Revenue
$632K
FY2024▲ +199%
Tap a bar for its year
Revenue by fiscal year
FY2021$184K
FY2022$174K
FY2023$212K
FY2024$632K
FY2025$214K
Expenses
$198K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$183K
FY2024$198K
FY2025$216K
Net assets
$774K
FY2024▲ +128%
Tap a bar for its year
Net assets by fiscal year
FY2021$297K
FY2022$312K
FY2023$340K
FY2024$774K
FY2025$1.3M

From the FY2024 Form 990 (year ending June 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Bobby Gist
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Ortner
President
$0Pt VII · Sec A
Adam Wyer
Vice Preside
$0Pt VII · Sec A
George Yow
Secretary Tr
$0Pt VII · Sec A
See Walker Switch 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

Walker Switch Water Association is a nonprofit organization based in Iuka, MS.

Questions for Walker Switch Water Association

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Provided by the organization

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1 program · in their own filed words · FY2023
01

The association provided rural water services to approximately 350 customers in a certificated area in tishomingo county, mississippi.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$632K
Ln 12
Gifts and grantsLn 1h$428K
Fees for servicesLn 2g$203K
Investment incomeLn 3$609
Money outPt IX
$198K
Ln 25
Owns and owesPt X
$774K
net assets · Ln 32
Cash and savingsLn 1–2$187K
Total assetsLn 16$797K
LiabilitiesLn 26$23K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$428K
Government grantsLn 1e$428K
Fees for servicesLn 2g$203K
Investment incomeLn 3$609
Total revenueLn 12$632K
Assets in detailPt X, end of year
CashLn 1$141K
SavingsLn 2$46K
Cash and savings togetherLn 1–2$187K
Land, buildings, equipmentLn 10c$587K
Total assetsLn 16$797K
LiabilitiesLn 26$23K
Net assetsLn 32$774K
OperationsPt I, VI
EmployeesI 51
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 FY24End FY24
Cash and savingsLn 1–2$167K$187K
Land, buildings, equipmentLn 10c$170K$587K
Total assetsLn 16$357K$797K
LiabilitiesLn 26$17K$23K
Net assetsLn 32$340K$774K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$14K
Payroll taxesLn 10$1K
Accounting feesLn 11c$225
Other fees for servicesLn 11g$5K
Advertising and promotionLn 12$175
Office expensesLn 13$4K
Conferences, conventions and meetingsLn 19$1K
Depreciation, depletion and amortizationLn 22$11K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$149K
All other expensesLn 24e$11K
Total functional expensesLn 25$198K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $214K$216K−$2K$1.3M 990 PDF
FY2024 Viewing $632K$198K$434K$774K 990 PDF
FY2023 $212K$183K$28K$340K 990 PDF
FY2022 $174K$312K 990 PDF
FY2021 $184K$297K 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 $632,072 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $400$428,024
I-9 Program service revenuePrior year $210,850$203,439
I-10 Investment incomePrior year $259$609
I-11 Other revenue$0
I-12 Total revenuePrior year $211,509$632,072
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $14,576$14,633
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $168,745$183,570
I-18 Total expensesPrior year $183,321$198,203
I-19 Revenue less expensesPrior year $28,188$433,869
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $632,072 across 6 lines filed
VIII-1b Membership dues$175
VIII-1e Government grants$427,849
VIII-1h Total contributions, gifts and grants$428,024
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $203,439$203,439
VIII-3 Investment incomeRelated to mission $609$609
VIII-12 Total revenueRelated to mission $204,048$632,072
Part IX · Statement of functional expenses $198,203 across 11 lines filed
IX-7 Other salaries and wages$13,568
IX-10 Payroll taxes$1,065
IX-11c Accounting fees$225
IX-11g Other fees for services$4,808
IX-12 Advertising and promotion$175
IX-13 Office expenses$4,382
IX-19 Conferences, conventions and meetings$1,211
IX-22 Depreciation, depletion and amortization$11,214
IX-23 Insurance$2,054
IX-24 Other expenses (24a–d)$148,923
IX-24e All other expenses$10,578
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$198,203
Part X · Balance sheet $796,519 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $121,217$141,360
X-2 Savings and temporary cash investmentsStart of year $45,424$45,884
X-4 Accounts receivableStart of year $19,523$22,297
X-10c Land, buildings and equipment, netStart of year $170,343$586,978
X-16 Total assetsStart of year $356,507$796,519
X-25 Other liabilitiesStart of year $16,735$22,878
X-26 Total liabilitiesStart of year $16,735$22,878
X-32 Total net assets or fund balancesStart of year $339,772$773,641
X-33 Total liabilities and net assetsStart of year $356,507$796,519
Part XI · Reconciliation of net assets $773,641 net assets at year end
XI-1 Total revenue$632,072
XI-2 Total expenses$198,203
XI-3 Revenue less expenses$433,869
XI-4 Net assets at start of year$339,772
XI-10 Net assets at end of year$773,641

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

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