Uncompahgre Valley Water Users
- Assets
- $14.7m
- Revenue
- $4.9m
- Investments
- $81.4k
- Employees
- 50
- Location
- Montrose, CO
- Founding
- 10/1944
- Data as of
- 10/2023
- EIN
- 84-0340160
Organization Overview
Uncompahgre Valley Water Users is located in Montrose, CO. The organization was established in 1944. 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 10/2023, Uncompahgre Valley Water Users employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uncompahgre Valley Water Users 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 10/2023, Uncompahgre Valley Water Users generated $4.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $4.7m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 8 years. 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
TO PROVIDE AND DISTRIBUTE AN ADEQUATE SUPPLY OF WATER FOR IRRIGATION, MECHANICAL AND POWER PURPOSES TO THE ASSOCIATION'S MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE AND MAINTAIN THE UNCOMPAHGRE VALLEY IRRIGATION SYSTEM.
THE REPLACEMENT OF UNLINED IRRIGATION LATERALS WITH BURIED PIPE FOR SELENIUM REDUCTION PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daris Jutten President | OfficerTrustee | 2 | $2,279 |
Doug Wilson Secretary | OfficerTrustee | 2 | $1,304 |
Dustin Carson Director | Trustee | 2 | $1,306 |
Nancy Fishering Director | Trustee | 2 | $2,277 |
Randy Friend Treasurer | OfficerTrustee | 2 | $1,138 |
Ryan Whitfield Director | Trustee | 2 | $1,362 |
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 | $4,468,841 |
| Investment income | $307,614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,515 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,856,970 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $416,619 |
| Pension plan accruals and contributions | $15,801 |
| Other employee benefits | $18,383 |
| Payroll taxes | $34,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,347 |
| Fees for services: Accounting | $56,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $295,177 |
| Advertising and promotion | $0 |
| Office expenses | $53,703 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $39,130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $131,747 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $221,124 |
| Insurance | $152,461 |
| All other expenses | $1,110,634 |
| Total functional expenses | $4,724,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,320 |
| Savings and temporary cash investments | $2,084,303 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $389,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,348,970 |
| Inventories for sale or use | $515,209 |
| Prepaid expenses and deferred charges | $49,568 |
| Net Land, buildings, and equipment | $883,687 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $81,359 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,267,658 |
| Total assets | $14,698,477 |
| Accounts payable and accrued expenses | $920,093 |
| Grants payable | $0 |
| Deferred revenue | $1,839,135 |
| 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 | $5,855,241 |
| Total liabilities | $8,614,469 |
| Net assets without donor restrictions | $0 |
| 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 | $6,084,008 |
| Total liabilities and net assets/fund balances | $14,698,477 |