Civic Intelligence

Floyds Knobs Water Company Inc

990 • Fiscal year 2020 • EIN 35-1103388

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 21, 2021

Organization ProfileWWW.FLOYDSKNOBSWATER.COM
4781 Paoli Pike No 1Floyds Knobs, IN 47119

(812) 923-9040

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

0.73x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

3.72x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Net Margin

72nd percentile

17%

Higher net margin than 72% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

76th percentile

$72,540

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2020

Asset Growth

52nd percentile

1.2%

Faster asset growth than 52% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

70th percentile

8.6%

Faster revenue growth than 70% of similar nonprofits.

2020 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$9,767,818

Up $114,640 (+1.2%) from 2019

Net Assets

Up

$2,624,052

Up $322,499 (+14%) from 2019

Liabilities

Down

$7,143,766

Down $207,859 (-2.8%) from 2019

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin72nd percentile

Revenue

Up

$1,917,935

Up $151,913 (+8.6%) from 2019

Expenses

Up

$1,597,136

Up $132,141 (+9.0%) from 2019

Net Income

Up

$320,799

Up $19,772 (+6.6%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2016: $8,982,728Liabilities 2016: $4,180,625Net Assets 2016: $4,802,1032016Assets 2017: $9,730,041Liabilities 2017: $4,749,013Net Assets 2017: $4,981,0282017Assets 2019: $9,653,178Liabilities 2019: $7,351,625Net Assets 2019: $2,301,5532019Assets 2020: $9,767,818Liabilities 2020: $7,143,766Net Assets 2020: $2,624,0522020Assets 2021: $10,007,023Liabilities 2021: $7,161,734Net Assets 2021: $2,845,2892021Assets 2022: $9,905,061Liabilities 2022: $6,928,847Net Assets 2022: $2,976,2142022Assets 2023: $10,670,009Liabilities 2023: $7,465,974Net Assets 2023: $3,204,0352023Assets 2024: $10,907,342Liabilities 2024: $7,578,952Net Assets 2024: $3,328,3902024

Highlighted filing

2020

Assets$9,767,818
Liabilities$7,143,766
Net Assets$2,624,052
Open 2020 Filing

Operations Trend

Revenue Growth70th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0Revenue 2016: $1,459,174Expenses 2016: $1,206,661Net Income 2016: $252,5132016Revenue 2017: $1,671,369Expenses 2017: $1,492,444Net Income 2017: $178,9252017Revenue 2019: $1,766,022Expenses 2019: $1,464,995Net Income 2019: $301,0272019Revenue 2020: $1,917,935Expenses 2020: $1,597,136Net Income 2020: $320,7992020Revenue 2021: $1,916,923Expenses 2021: $1,699,186Net Income 2021: $217,7372021Revenue 2022: $1,999,888Expenses 2022: $1,871,063Net Income 2022: $128,8252022Revenue 2023: $1,934,687Expenses 2023: $1,709,666Net Income 2023: $225,0212023Revenue 2024: $1,951,730Expenses 2024: $1,833,875Net Income 2024: $117,8552024

Highlighted filing

2020

Revenue$1,917,935
Expenses$1,597,136
Net Income$320,799
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 21, 2021
Return Version
2020v4.1
Gross Receipts
$1,917,935
Mission and Program Overview

Mission

Distribute water to members

Provides metered water service to approximately 2,300 members on a cooperative basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,566,395$8,485,964▼ $80,431
Rtn Earn Endowment Incm Other Fnds$2,102,188$2,422,987▲ $320,799
Savings and Temporary Cash Investments$908,281$1,083,858▲ $175,577
Cap Stk Tr Prin Current Funds$199,365$201,065▲ $1,700
Accounts Receivable$133,062$148,640▲ $15,578
Inventories for Sale or Use$34,283$37,083▲ $2,800
Prepaid Expenses and Deferred Charges$10,957$12,073▲ $1,116
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$9,653,178$9,767,818▲ $114,640
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,146,188$3,940,204▼ $205,984
Other Liabilities$3,081,633$3,114,364▲ $32,731
Accounts Payable and Accrued Expenses$123,804$89,198▼ $34,606
Total Liabilities$7,351,625$7,143,766▼ $207,859
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,301,553$2,624,052▲ $322,499
Total Liabilities and Net Assets / Fund Balance$9,653,178$9,767,818▲ $114,640

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$7,569,788$2,638,724$10,208,512
Buildings$464,333$142,399$606,732
Equipment$161,502$313,291$474,793
Land$290,341-$290,341
Leasehold Improvements$0$7,532$7,532
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Danny StandifordGeneral ManagerFT$70,427$2,113$72,540
Rick MorganPresident-$3,150-$3,150
Gayle PearlSecretary/treasurer-$2,000-$2,000
Mike ShearerDirector-$1,625-$1,625
Ryan PfeiferDirector-$1,300-$1,300
David CullDirector-$1,200-$1,200
Kirk ShafferDirector-$1,200-$1,200
Mark AmmonsDirector-$1,200-$1,200
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,910,760
Investment Income
$7,175
Other Revenue
$0
Change in Net Assets
$320,799

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,917,935
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,917,935
Total Revenue per Form 990
$1,917,935
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,387,698
Salaries, Compensation, and Employee Benefits$209,438
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$228,436
Other Salaries and Wages---$97,654
Interest---$90,888
Current Officers, Directors, Trustees, and Key Employees---$84,215
All Other Expenses---$41,669
Office Expenses---$21,016
Fees for Services Accounting---$20,226
Other Expenses---$16,798
Insurance---$15,946
Other Employee Benefits---$14,163
Payroll Taxes---$13,406
Fees for Services Legal---$10,952
Conferences and Meetings---$1,391
Total Functional Expenses$0$0$0$1,597,136

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,597,136
Total Expenses per Audited Statements$1,597,136
Total Expenses per Form 990$1,597,136
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contributions in Aid of Construction$3,114,364
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Floyds knobs water corporation, inc is a cooperative owned by approximately 2,300 members”

Form 990, Part VI, Section A, Line 7A

“All members are entitled to vote for the board of directors at its annual meeting”

Form 990, Part VI, Section A, Line 7B

“Governance decisions are subject to approval by the governing body”

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by the board of directors prior to filing with the irs”

Form 990, Part VI, Section B, Line 15

“A compensation committee sets all salaries for approval by the entire board of directors.”

Form 990, Part VI, Section C, Line 19

“All governing documents and the annual audited financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Floyds Knobs Water Company Inc
EIN
35-1103388
Phone
8129239040
Address
4781 PAOLI PIKE NO 1, FLOYDS KNOBS, IN 47119

Signing Officer

Name
Rick Morgan
Title
President
Phone
8129239040
Signed
2021-09-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Morgan
Formed
1961
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
0

Preparer

Firm
MONROE SHINE & CO INC CPA'S
Address
PO BOX 1407, NEW ALBANY, IN 47151-1407
Preparer
Joe a Boesing CPA
Phone
8129452311
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Increase in memberships 1,700.”

Form 990, Part XI, Line 2C

“No change from the prior year”

Financial Statement Notes

PART X, LINE 2:

“The company had no uncertain tax positions at 12/31/20”

Raw XML Appendix380 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0123804
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt089198
IRS990/AccountsReceivableGrp/BOYAmt0133062
IRS990/AccountsReceivableGrp/EOYAmt0148640
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDES METERED WATER SERVICE TO APPROXIMATELY 2,300 MEMBERS ON A COOPERATIVE BASIS.
IRS990/AllOtherExpensesGrp/TotalAmt041669
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ANGIE TIMBERLAKE
IRS990/BooksInCareOfDetail/PhoneNum08129239040
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04781 PAOLI PIKE
IRS990/BooksInCareOfDetail/USAddress/CityNm0FLOYDS KNOBS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd047119
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0199365
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0201065
IRS990/CashNonInterestBearingGrp/BOYAmt0200
IRS990/CashNonInterestBearingGrp/EOYAmt0200
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt084215
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt01391
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt07175
IRS990/CYOtherExpensesAmt01387698
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01910760
IRS990/CYRevenuesLessExpensesAmt0320799
IRS990/CYSalariesCompEmpBnftPaidAmt0209438
IRS990/CYTotalExpensesAmt01597136
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01917935
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0228436
IRS990/Desc0PROVIDES METERED WATER SERVICE TO APPROXIMATELY 2,300 MEMBERS ON A COOPERATIVE BASIS
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt020226
IRS990/FeesForServicesLegalGrp/TotalAmt010952
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt72113
IRS990/Form990PartVIISectionAGrp/PersonNm0RICK MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm1MIKE SHEARER
IRS990/Form990PartVIISectionAGrp/PersonNm2GAYLE PEARL
IRS990/Form990PartVIISectionAGrp/PersonNm3KIRK SHAFFER
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID CULL
IRS990/Form990PartVIISectionAGrp/PersonNm5RYAN PFEIFER
IRS990/Form990PartVIISectionAGrp/PersonNm6MARK AMMONS
IRS990/Form990PartVIISectionAGrp/PersonNm7DANNY STANDIFORD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt03150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11625
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt31200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt41200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt51300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt61200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt770427
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7GENERAL MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01961
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt05000
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt05000
IRS990/GrossReceiptsAmt01917935
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/TotalAmt015946
IRS990/InterestGrp/TotalAmt090888
IRS990/InventoriesForSaleOrUseGrp/BOYAmt034283
IRS990/InventoriesForSaleOrUseGrp/EOYAmt037083
IRS990/InvestmentIncomeGrp/ExclusionAmt02175
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02175
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03101946
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08566395
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08485964
IRS990/LandBldgEquipCostOrOtherBssAmt011587910
IRS990/LegalDomicileStateCd0IN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt01910760
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FLOYDS KNOBS WATER COMPANY TAKES GREAT PRIDE IN PROVIDING THE BEST SERVICE AND WE HOLD OURSELVES TO THE HIGHEST STANADARDS IN DELIVERING SAFE, CLEAN, RELIABLE AND AFFORDABLE DRINKING WATER TO OUR CUSTOMERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04146188
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03940204
IRS990/NetAssetsOrFundBalancesBOYAmt02301553
IRS990/NetAssetsOrFundBalancesEOYAmt02624052
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt05000
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05000
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt021016
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt01700
IRS990/OtherEmployeeBenefitsGrp/TotalAmt014163
IRS990/OtherExpensesGrp/Desc0PURCHASED WATER
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MATERIALS AND SUPPLIES
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/TotalAmt0876832
IRS990/OtherExpensesGrp/TotalAmt141888
IRS990/OtherExpensesGrp/TotalAmt221656
IRS990/OtherExpensesGrp/TotalAmt316798
IRS990/OtherLiabilitiesGrp/BOYAmt03081633
IRS990/OtherLiabilitiesGrp/EOYAmt03114364
IRS990/OtherSalariesAndWagesGrp/TotalAmt097654
IRS990/OtherSourcesGrossIncomeAmt07175
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt013406
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010957
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012073
IRS990/PrincipalOfficerNm0RICK MORGAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0METERED WATER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1OTHER WATER REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01902988
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17772
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01902988
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17772
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07560
IRS990/PYOtherExpensesAmt01283813
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01758462
IRS990/PYRevenuesLessExpensesAmt0301027
IRS990/PYSalariesCompEmpBnftPaidAmt0181182
IRS990/PYTotalExpensesAmt01464995
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01766022
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0320799
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02102188
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02422987
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0908281
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01083858
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0464333
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0142399
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0606732
IRS990ScheduleD/EquipmentGrp/BookValueAmt0161502
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0313291
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0474793
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01597136
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0290341
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0290341
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07532
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07532
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07569788
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02638724
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010208512
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03114364
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTRIBUTIONS IN AID OF CONSTRUCTION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01917935
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY HAD NO UNCERTAIN TAX POSITIONS AT 12/31/20
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08485964
IRS990ScheduleD/TotalExpensesPerForm990Amt01597136
IRS990ScheduleD/TotalLiabilityAmt03114364
IRS990ScheduleD/TotalRevenuePerForm990Amt01917935
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01917935
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01597136
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FLOYDS KNOBS WATER CORPORATION, INC IS A COOPERATIVE OWNED BY APPROXIMATELY 2,300 MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS ARE ENTITLED TO VOTE FOR THE BOARD OF DIRECTORS AT ITS ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNANCE DECISIONS ARE SUBJECT TO APPROVAL BY THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COMPENSATION COMMITTEE SETS ALL SALARIES FOR APPROVAL BY THE ENTIRE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS AND THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INCREASE IN MEMBERSHIPS 1,700.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO CHANGE FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09653178
IRS990/TotalAssetsEOYAmt09767818
IRS990/TotalAssetsGrp/BOYAmt09653178
IRS990/TotalAssetsGrp/EOYAmt09767818
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/TotalAmt01597136
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07351625
IRS990/TotalLiabilitiesEOYAmt07143766
IRS990/TotalLiabilitiesGrp/BOYAmt07351625
IRS990/TotalLiabilitiesGrp/EOYAmt07143766
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02301553
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02624052
IRS990/TotalOtherCompensationAmt02113
IRS990/TotalProgramServiceRevenueAmt01910760
IRS990/TotalReportableCompFromOrgAmt082102
IRS990/TotalRevenueGrp/ExclusionAmt02175
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01915760
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01917935
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09653178
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09767818
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04781 PAOLI PIKE NO 1
IRS990/USAddress/CityNm0FLOYDS KNOBS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047119
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.FLOYDSKNOBSWATER.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICK MORGAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08129239040
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FLOYDS KNOBS WATER COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0FLOY
ReturnHeader/Filer/EIN0351103388
ReturnHeader/Filer/PhoneNum08129239040
ReturnHeader/Filer/USAddress/AddressLine1Txt04781 PAOLI PIKE NO 1
ReturnHeader/Filer/USAddress/CityNm0FLOYDS KNOBS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047119
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351515068
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MONROE SHINE & CO INC CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1407
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0471511407
ReturnHeader/PreparerPersonGrp/PhoneNum08129452311
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOE A BOESING CPA
ReturnHeader/ReturnTs02021-09-21T14:13:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RICK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MORGAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,767,818
Liabilities
$7,143,766
Net assets
$2,624,052
Revenue
$1,917,935
Expenses
$1,597,136
Net income
$320,799
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.9$7.58$3.33$1.95$1.83$0.12
2023Detailed filing. Detailed filing data is available for this year.$10.7$7.47$3.20$1.93$1.71$0.23
2022Detailed filing. Detailed filing data is available for this year.$9.91$6.93$2.98$2.00$1.87$0.13
2021Detailed filing. Detailed filing data is available for this year.$10.0$7.16$2.85$1.92$1.70$0.22
2020Detailed filing. Detailed filing data is available for this year.$9.77$7.14$2.62$1.92$1.60$0.32
2019Detailed filing. Detailed filing data is available for this year.$9.65$7.35$2.30$1.77$1.46$0.30
2017Detailed filing. Detailed filing data is available for this year.$9.73$4.75$4.98$1.67$1.49$0.18
2016Detailed filing. Detailed filing data is available for this year.$8.98$4.18$4.80$1.46$1.21$0.25