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Nonprofiteer
← HIGHLAND COUNTY WATER COMPANY INC

Form 990 for tax year 2025

Filed by HIGHLAND COUNTY WATER COMPANY INC.

Totals

Total revenue
$3,010,401
Total expenses
$1,713,013
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$215,190
Other revenue
$2,795,211
Total assets, end of year
$38,070,595
Total liabilities, end of year
$6,098,761
Net assets or fund balances, end of year
$31,971,834
Program services expenses (Part IX)
$0
Management and general expenses
$1,713,013
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $215,190 · related or exempt $215,190

  • 10a · Gross sales of inventory

    $7,982,083

  • 10b · Cost of goods sold

    $5,520,196

  • 10c · Net income from sales of inventory

    total $2,461,887 · related or exempt $2,461,887

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $333,324 · related or exempt $333,324

  • 11e · Other revenue, total

    $333,324

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $156,326 · management and general $156,326

  • 7 · Other salaries and wages

    total $400,980 · management and general $400,980

  • 9 · Other employee benefits

    total $396,016 · management and general $396,016

  • 13 · Office expenses

    total $147,331 · management and general $147,331

  • 16 · Occupancy

    total $82,684 · management and general $82,684

  • 20 · Interest

    total $170,323 · management and general $170,323

  • 22 · Depreciation, depletion and amortization

    total $63,576 · management and general $63,576

  • 23 · Insurance

    total $31,342 · management and general $31,342

  • 24a · Other expenses: LEGAL AND ACCOUNTING

    total $94,858 · management and general $94,858

  • 24b · Other expenses: LICENSE FEES/OUTSIDE SERV

    total $74,603 · management and general $74,603

  • 24c · Other expenses: MAINTENANCE & REPAIR

    total $70,952 · management and general $70,952

  • 24d · Other expenses: OTHER EXPENSES

    total $24,022 · management and general $24,022

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,427,476 · end of year $4,354,937

  • 2 · Savings and temporary cash investments

    beginning of year $514,335 · end of year $1,519,782

  • 4 · Accounts receivable

    beginning of year $1,320,853 · end of year $1,148,738

  • 8 · Inventories for sale or use

    beginning of year $1,673,244 · end of year $1,276,233

  • 9 · Prepaid expenses and deferred charges

    beginning of year $199,189 · end of year $198,288

  • 10a · Land, buildings and equipment: cost or other basis

    $55,791,177

  • 10b · Land, buildings and equipment: accumulated depreciation

    $28,857,527

  • 10c · Land, buildings and equipment, net

    beginning of year $25,806,411 · end of year $26,933,650

  • 11 · Investments: publicly traded securities

    beginning of year $1,578,349 · end of year $2,505,058

  • 15 · Other assets

    beginning of year $190,832 · end of year $133,909

  • 17 · Accounts payable and accrued expenses

    beginning of year $448,076 · end of year $672,370

  • 23 · Secured mortgages and notes payable

    beginning of year $5,183,373 · end of year $4,981,624

  • 25 · Other liabilities

    beginning of year $404,794 · end of year $444,767

  • 27 · Net assets without donor restrictions

    beginning of year $30,674,446 · end of year $31,971,834

Mission and programs · 2025

Mission

TO SERVE THE PUBLIC WITH HIGH QUALITY WATER AND TO PROVIDE A PROFICIENT LEVEL OF SERVICE.

Activities or mission (Part I)

TO TREAT AND DELIVER POTABLE WATER TO MEMBERS OF THE ORGANIZATION.

  • TO DELIVER PORTABLE WATER TO MEMBERS OF THE ORGANIZATION.

As filed on the 2025 return.

Listed in Part VII

  • Gary D Cutler

    GENERAL MANA

    Total calculated
    $116,151
    From this org
    $116,151
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Roger Pence

    PRESIDENT

    Total calculated
    $7,875
    From this org
    $7,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Steve McComas

    VICE PRESIDE

    Total calculated
    $7,150
    From this org
    $7,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Earl Boyd

    DIRECTOR

    Total calculated
    $5,100
    From this org
    $5,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Blaine Bradds

    DIRECTOR

    Total calculated
    $5,100
    From this org
    $5,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Larry Nartker

    DIRECTOR

    Total calculated
    $5,100
    From this org
    $5,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jeff Patton

    DIRECTOR

    Total calculated
    $5,100
    From this org
    $5,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Thomas Snyder

    DIRECTOR

    Total calculated
    $4,750
    From this org
    $4,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
4 August 2026
IRS schema version
2025v4.0
Source object
202622589349301127

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