Highland County Water Company Inc
- Assets
- $33.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 31
- Location
- Hillsboro, OH
- Founding
- 12/1988
- Data as of
- 12/2021
- EIN
- 31-0742125
Organization Overview
Highland County Water Company Inc is located in Hillsboro, OH. The organization was established in 1988. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Highland County Water Company Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland County Water Company Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Highland County Water Company Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO TREAT AND DELIVER POTABLE WATER TO MEMBERS OF THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DELIVER PORTABLE WATER TO MEMBERS OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary D Cutler General Mana | Officer | 40 | $99,152 |
Timothy Hughes Past Preside | OfficerTrustee | 3 | $5,050 |
Steve Mccomas Vice Preside | OfficerTrustee | 3 | $3,575 |
Phillip Burchett Secretary/tr | Trustee | 3 | $3,550 |
Roger Pence President | OfficerTrustee | 3 | $3,425 |
Greg Jones Director | Trustee | 3 | $3,375 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thompson Hine Llp Legal | 12/30/20 | $151,480 |
Moody's Of Dayton Well Drilling | 12/30/20 | $163,492 |
Brad Van Winkle Excavating | 12/30/20 | $111,803 |
Strand Associates Inc Engineering | 12/30/20 | $148,740 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $11,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,460,825 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,770,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,527 |
| Compensation of current officers, directors, key employees. | $125,527 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $249,340 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $97,638 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,168 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $200,880 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,597 |
| Insurance | $33,152 |
| All other expenses | $37,458 |
| Total functional expenses | $1,644,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,789,085 |
| Savings and temporary cash investments | $536,925 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $847,651 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $523,721 |
| Prepaid expenses and deferred charges | $177,864 |
| Net Land, buildings, and equipment | $25,639,334 |
| Investments—publicly traded securities | $2,570,419 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $223,457 |
| Total assets | $33,308,456 |
| Accounts payable and accrued expenses | $630,358 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,795,410 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $322,800 |
| Total liabilities | $6,748,568 |
| Net assets without donor restrictions | $26,559,888 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $33,308,456 |
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