Hasty Water Company
- Assets
- $94.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Hasty, CO
- Founding
- 11/2002
- Data as of
- 03/2022
- EIN
- 84-0966784
Organization Overview
Hasty Water Company is located in Hasty, CO. The organization was established in 2002. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 03/2022, Hasty Water Company employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hasty Water Company 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 03/2022, Hasty Water Company generated $85.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $90.6k during the year ending 03/2022. While expenses have increased by 2.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ASSOCIATION HAS PROVIDED SAFE, CLEAN WATER TO ALL ITS MEMBERS DURING THE CURRENT YEAR AND IN ALL PRIOR YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Ratcliff President | 2 | $0 | |
Justin Piatt Vice Preside | 1 | $0 | |
Andy Bellomy Director | 0.5 | $0 | |
Bill Rich Director | 0.5 | $0 | |
David Morgan Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $85,501 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $85,514 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,980 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $25,535 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,134 |
| Total expenses | $90,649 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,958 |
| Other assets | $0 |
| Total assets | $94,412 |
| Total liabilities | $0 |
| Net assets or fund balances | $94,412 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utilities Service Alliance Inc Overland Park, KS | $8,902,974 | $4,307,011 |
Pine Meadow Mutual Water Company South Jordan, UT | $4,406,789 | $974,166 |
Logan Well Users Inc Sterling, CO | $1,034,878 | $1,191,850 |
Utah Lake Water Users Association Inc Salt Lake City, UT | $13,896,223 | $719,672 |
Oquirrh Mountain Water Company North Salt Lake, UT | $10,266,390 | $445,867 |
130 Regional Water Sypply Corporation Phoenix, AZ | $4,164,078 | $679,483 |
Richmond Irrigation & Power Company Richmond, UT | $5,381,853 | $298,527 |
La Canada Wireless Association Santa Fe, NM | $233,647 | $492,979 |
Mountain View Irrigation Inc Ogden, UT | $3,700,524 | $1,322,470 |
Leehammond Water Treatment Plant Bloomfield, NM | $0 | $477,941 |
Lower Logan Well Users Inc Sterling, CO | $491,673 | $451,948 |
Mapleton Irrigation Company Springville, UT | $2,602,435 | $813,808 |