Henry County Water Company
- Assets
- $9.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Clinton, MO
- Founding
- 06/1984
- Data as of
- 12/2022
- EIN
- 43-1289872
Organization Overview
Henry County Water Company is located in Clinton, MO. The organization was established in 1984. 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 12/2022, Henry County Water Company employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henry County Water Company is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Henry County Water Company generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC WATER SYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF WATER DISTRIBUTION SYSTEM FOR CITY OF CLINTON, MISSOURI
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clyde Briggs President | OfficerTrustee | 2 | $1,000 |
John Randall Taylor Vice President | OfficerTrustee | 2 | $1,000 |
Scott Voelmeck Director | Trustee | 2 | $1,000 |
Donald J Turner Secretary | OfficerTrustee | 2 | $900 |
Christy Maggi Director | Trustee | 2 | $0 |
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 | $2,916,183 |
| Investment income | $6,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$40,441 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,881,971 |
| 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. | $3,900 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,521 |
| Fees for services: Other | $4,200 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $87,916 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $507,566 |
| Insurance | $41,355 |
| All other expenses | $31,571 |
| Total functional expenses | $2,395,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $582,493 |
| Savings and temporary cash investments | $475 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,586 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $122,747 |
| Inventories for sale or use | $131,526 |
| Prepaid expenses and deferred charges | $1,745 |
| Net Land, buildings, and equipment | $8,572,719 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,109 |
| Total assets | $9,644,400 |
| Accounts payable and accrued expenses | $381,892 |
| Grants payable | $0 |
| Deferred revenue | $121,294 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,819,901 |
| Total liabilities | $3,323,087 |
| Net assets without donor restrictions | $6,321,313 |
| 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 | $9,644,400 |
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