Civic Intelligence

Posey Township Water Corporation

EIN 35-1584696 • 501(c)12 • Hardinsburg, IN

Profile

No formal mission statement

136 E US Highway 150Hardinsburg, IN 47125

www.ptwc.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

1.51x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

8.01x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2024

Net Margin

41st percentile

6.7%

Higher net margin than 41% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$92,560

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

501(c)12 • $5M-$10M nonprofits • Source year 2024

Asset Growth

33rd percentile

0.3%

Faster asset growth than 33% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

17%

Faster revenue growth than 71% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$5,297,854

Up $15,202 (+0.3%) from 2023

Liabilities

Up

$7,984,691

Up $4,641,370 (+139%) from 2023

Net Assets

Down

-$2,686,837

Down $4,626,168 (-239%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin41st percentile

Revenue

Up

$996,477

Up $144,978 (+17%) from 2023

Expenses

Up

$929,352

Up $28,174 (+3.1%) from 2023

Net Income

Up

$67,125

Up $116,804 (+235%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth33rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2019: $4,744,964Liabilities 2019: $2,052,494Net Assets 2019: $2,692,4702019Assets 2020: $4,702,241Liabilities 2020: $1,969,414Net Assets 2020: $2,732,8272020Assets 2021: $4,672,083Liabilities 2021: $1,886,908Net Assets 2021: $2,785,1752021Assets 2022: $5,367,833Liabilities 2022: $3,384,301Net Assets 2022: $1,983,5322022Assets 2023: $5,282,652Liabilities 2023: $3,343,321Net Assets 2023: $1,939,3312023Assets 2024: $5,297,854Liabilities 2024: $7,984,691Net Assets 2024: -$2,686,8372024

Highlighted filing

2024

Assets$5,297,854
Liabilities$7,984,691
Net Assets-$2,686,837
Open 2024 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2019: $745,091Expenses 2019: $727,465Net Income 2019: $17,6262019Revenue 2020: $753,813Expenses 2020: $740,064Net Income 2020: $13,7492020Revenue 2021: $805,188Expenses 2021: $782,086Net Income 2021: $23,1022021Revenue 2022: $850,930Expenses 2022: $858,622Net Income 2022: -$7,6922022Revenue 2023: $851,499Expenses 2023: $901,178Net Income 2023: -$49,6792023Revenue 2024: $996,477Expenses 2024: $929,352Net Income 2024: $67,1252024

Highlighted filing

2024

Revenue$996,477
Expenses$929,352
Net Income$67,125
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,297,854
Liabilities
$7,984,691
Net assets
-$2,686,837
Revenue
$996,477
Expenses
$929,352
Net income
$67,125
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.30$7.98$2.69$1.00$0.93$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.28$3.34$1.94$0.85$0.90$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.37$3.38$1.98$0.85$0.86$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.67$1.89$2.79$0.81$0.78$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.70$1.97$2.73$0.75$0.74$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.74$2.05$2.69$0.75$0.73$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 22, 2025
Return Version
2024v5.2
Gross Receipts
$996,477
Mission and Program Overview

Mission

No formal mission statement

Distribution of water to approximately 2,100 members on a cooperative basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,752,505$4,677,597▼ $74,908
Savings and Temporary Cash Investments$281,306$353,885▲ $72,579
Pd in Cap Srpls Land Bldg Eqp Fund$4,919,453$214,541▼ $4,704,912
Accounts Receivable$80,343$90,921▲ $10,578
Cash and Non-Interest-Bearing Accounts$6,645$13,598▲ $6,953
Inventories for Sale or Use$6,683$6,683→ $0
Prepaid Expenses and Deferred Charges$6,418$6,418→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-2,980,122$-2,901,378▲ $78,744
Total Assets$5,282,652$5,297,854▲ $15,202
Other Assets Total$148,752$148,752→ $0
Liabilities
Other Liabilities$1,625,806$6,356,970▲ $4,731,164
Mortgage Notes Payable Secured by Investment Property$1,673,233$1,577,425▼ $95,808
Accounts Payable and Accrued Expenses$44,282$50,296▲ $6,014
Total Liabilities$3,343,321$7,984,691▲ $4,641,370
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,939,331$-2,686,837▼ $4,626,168
Total Liabilities and Net Assets / Fund Balance$5,282,652$5,297,854▲ $15,202

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,574,870$5,652,514$10,227,384
Land$83,333-$83,333
Buildings$19,394$12,122$31,516
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sara Jo WisemanGeneral ManagerFT$80,118$12,442$92,560
Jesse NiceSecretary/treasurer-$275-$275
Curt ShinkleDirector-$275-$275
Jack KnappDirector-$275-$275
Michael TruebloodDirector-$275-$275
Randy HaugerPresident-$250-$250
Rick EmerickVice President-$250-$250
Ricky LincksDirector-$225-$225
David ManshipDirector-$200-$200
Joe VoylesDirector-$125-$125
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$984,242
Investment Income
$12,235
Other Revenue
$0
Change in Net Assets
$67,125

Audited Revenue Reconciliation

Revenue per Audited Statements
$996,477
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$996,477
Total Revenue per Form 990
$996,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$742,420
Salaries, Compensation, and Employee Benefits$186,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$205,178
Current Officers, Directors, Trustees, and Key Employees---$94,710
Other Salaries and Wages---$78,012
Interest---$52,944
All Other Expenses---$33,515
Insurance---$25,868
Other Expenses---$18,706
Payroll Taxes---$14,210
Office Expenses---$13,573
Fees for Services Accounting---$8,100
Total Functional Expenses$0$0$0$929,352

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$929,352
Total Expenses per Audited Statements$929,352
Total Expenses per Form 990$929,352
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$6,356,970
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

“The company is a cooperative owned by its approximate 1,500 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

“The board of directors and appropriate officers review the form 990 before it is filed.”

Form 990, Part VI, Section B, Line 15

“The board of directors approve all annual raises and salaries for the cooperative's three employees.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and audited financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Posey Township Water Corporation
EIN
35-1584696
Phone
8124723432
Address
136 E US HIGHWAY 150, HARDINSBURG, IN 47125
Doing Business As
Same as Above

Signing Officer

Name
Randy Hauger
Title
Current President
Phone
8124723432
Signed
2025-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Hauger
Formed
1983
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
0

Preparer

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

Additional Explanations

FORM 990, PART XI, LINE 9:

“Increase in memberships 5,121.”

FORM 990, PART XII, LINE 2C:

“No changes from the prior year”

Financial Statement Notes

PART X, LINE 2:

“The company is exempt from federal income taxes under section 501(c)(12) of the internal revenue code. Accordingly, the financial statements do not include a provision for income taxes. The company has adopted fasb asc 740-10 as it relates to uncertain tax positions. The company is not currently being examined by any taxing authorities and management believes its tax-exempt status would be upheld under examination. No provision for uncertain tax positions has been recorded at december 31, 2024.”

Raw XML Appendix373 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/BOYAmt044282
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt050296
IRS990/AccountsReceivableGrp/BOYAmt080343
IRS990/AccountsReceivableGrp/EOYAmt090921
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0DISTRIBUTION OF WATER TO APPROXIMATELY 2,100 MEMBERS ON A COOPERATIVE BASIS.
IRS990/AllOtherExpensesGrp/TotalAmt033515
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SARA JO WISEMAN
IRS990/BooksInCareOfDetail/PhoneNum08124723432
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0136 E US 150
IRS990/BooksInCareOfDetail/USAddress/CityNm0HARDINSBURG
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd047125
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt06645
IRS990/CashNonInterestBearingGrp/EOYAmt013598
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt094710
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYOtherExpensesAmt0742420
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IRS990/CYRevenuesLessExpensesAmt067125
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IRS990/CYTotalExpensesAmt0929352
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IRS990/CYTotalProfFndrsngExpnsAmt00
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IRS990/DecisionsSubjectToApprovaInd01
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IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0205178
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IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
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IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt08100
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
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/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt912442
IRS990/Form990PartVIISectionAGrp/PersonNm0RANDY HAUGER
IRS990/Form990PartVIISectionAGrp/PersonNm1JESSE NICE
IRS990/Form990PartVIISectionAGrp/PersonNm2RICK EMERICK
IRS990/Form990PartVIISectionAGrp/PersonNm3JACK KNAPP
IRS990/Form990PartVIISectionAGrp/PersonNm4JOE VOYLES
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID MANSHIP
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL TRUEBLOOD
IRS990/Form990PartVIISectionAGrp/PersonNm7RICKY LINCKS
IRS990/Form990PartVIISectionAGrp/PersonNm8CURT SHINKLE
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1275
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3275
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5200
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9GENERAL MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
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IRS990/InterestGrp/TotalAmt052944
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IRS990/InvestmentInJointVentureInd00
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IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0NO FORMAL MISSION STATEMENT
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
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IRS990/OtherChangesInNetAssetsAmt05121
IRS990/OtherExpensesGrp/Desc0PURCHASED WATER
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2CONTRACTURAL SERVICES
IRS990/OtherExpensesGrp/Desc3UTILITIES
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IRS990/OtherExpensesGrp/TotalAmt136405
IRS990/OtherExpensesGrp/TotalAmt219517
IRS990/OtherExpensesGrp/TotalAmt318706
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IRS990/PartialLiquidationInd00
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IRS990/PoliticalCampaignActyInd00
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IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
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IRS990/ProgramServiceRevenueGrp/Desc1MISC SERVICE FEES
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IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYSalariesCompEmpBnftPaidAmt0175279
IRS990/PYTotalExpensesAmt0901178
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0851499
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt067125
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-2980122
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-2901378
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0281306
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0353885
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt019394
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012122
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt031516
IRS990ScheduleD/EquipmentGrp/BookValueAmt04574870
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05652514
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010227384
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0929352
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt083333
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt083333
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06356970
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTRIBUTIONS IN AID OF CONSTRUCTION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0996477
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. THE COMPANY HAS ADOPTED FASB ASC 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS. THE COMPANY IS NOT CURRENTLY BEING EXAMINED BY ANY TAXING AUTHORITIES AND MANAGEMENT BELIEVES ITS TAX-EXEMPT STATUS WOULD BE UPHELD UNDER EXAMINATION. NO PROVISION FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED AT DECEMBER 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04677597
IRS990ScheduleD/TotalExpensesPerForm990Amt0929352
IRS990ScheduleD/TotalLiabilityAmt06356970
IRS990ScheduleD/TotalRevenuePerForm990Amt0996477
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0996477
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0929352
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS A COOPERATIVE OWNED BY ITS APPROXIMATE 1,500 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/ExplanationTxt3THE BOARD OF DIRECTORS AND APPROPRIATE OFFICERS REVIEW THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS APPROVE ALL ANNUAL RAISES AND SALARIES FOR THE COOPERATIVE'S THREE EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INCREASE IN MEMBERSHIPS 5,121.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO CHANGES 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 XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05282652
IRS990/TotalAssetsEOYAmt05297854
IRS990/TotalAssetsGrp/BOYAmt05282652
IRS990/TotalAssetsGrp/EOYAmt05297854
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/TotalAmt0929352
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03343321
IRS990/TotalLiabilitiesEOYAmt07984691
IRS990/TotalLiabilitiesGrp/BOYAmt03343321
IRS990/TotalLiabilitiesGrp/EOYAmt07984691
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01939331
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2686837
IRS990/TotalOtherCompensationAmt012442
IRS990/TotalProgramServiceRevenueAmt0984242
IRS990/TotalReportableCompFromOrgAmt082268
IRS990/TotalRevenueGrp/ExclusionAmt012235
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0984242
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0996477
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05282652
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05297854
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0136 E US HIGHWAY 150
IRS990/USAddress/CityNm0HARDINSBURG
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047125
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.PTWC.NET
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RANDY HAUGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CURRENT PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08124723432
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POSEY TOWNSHIP WATER CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0POSE
ReturnHeader/Filer/EIN0351584696
ReturnHeader/Filer/PhoneNum08124723432
ReturnHeader/Filer/USAddress/AddressLine1Txt0136 E US HIGHWAY 150
ReturnHeader/Filer/USAddress/CityNm0HARDINSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047125
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
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/PreparerPersonNm0CHRISTOPHER M HAWKINS CPA
ReturnHeader/ReturnTs02025-10-30T12:01:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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