Buffalo Trail Water Association Inc
- Assets
- $6.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Mayslick, KY
- Founding
- 09/1975
- Data as of
- 12/2023
- EIN
- 61-0844764
Organization Overview
Buffalo Trail Water Association Inc is located in Mayslick, KY. The organization was established in 1975. 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 12/2023, Buffalo Trail Water Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Trail Water Association 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 12/2023, Buffalo Trail Water Association Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $877.7k during the year ending 12/2023. While expenses have increased by 3.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RURAL WATER ASSOCIATION - PROVIDES WATER TO 1,600 CUSTOMERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL WATER ASSOCIATION - PROVIDES WATER TO RURAL CUSTOMERS AT THE LOWEST POSSIBLE RATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Clary Chairman | OfficerTrustee | 10 | $5,000 |
James D Curtis Vice Chairman | OfficerTrustee | 2 | $2,000 |
Randall Biddle Director | OfficerTrustee | 2 | $1,850 |
Clay Saunders Director | OfficerTrustee | 2 | $2,000 |
Aaron Myers Director | OfficerTrustee | 2 | $1,750 |
Terry Cracraft Secretary | OfficerTrustee | 2 | $2,000 |
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 | $146,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,535 |
| Total Program Service Revenue | $944,346 |
| Investment income | $9,306 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,127,691 |
| 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. | $14,600 |
| Compensation of current officers, directors, key employees. | $14,600 |
| Compensation to disqualified persons | $66,193 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,605 |
| Payroll taxes | $10,546 |
| 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 | $13,000 |
| Advertising and promotion | $0 |
| Office expenses | $18,684 |
| 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 | $28,213 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,894 |
| Insurance | $0 |
| All other expenses | $20,378 |
| Total functional expenses | $877,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $655,308 |
| Savings and temporary cash investments | $1,070,998 |
| Pledges and grants receivable | $13,321 |
| Accounts receivable, net | $87,629 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,299 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,002,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $370 |
| Total assets | $6,899,876 |
| Accounts payable and accrued expenses | $252,915 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $859,473 |
| 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 | $24,260 |
| Total liabilities | $1,136,648 |
| Net assets without donor restrictions | $5,763,228 |
| 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 | $6,899,876 |