Hickory Kerton Water Co Op
EIN: 371075666 · Rushville, IL
| Metric | Value |
|---|---|
| Total Revenue | $641K |
| Total Expenses | $504K |
| Net Assets | $1.7M |
Is Hickory Kerton Water Co Op Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hickory Kerton Water Co Op
Hickory Kerton Water Co Op (EIN: 371075666) is a nonprofit organization based in Rushville, IL. The organization reported total revenue of $641K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hickory Kerton Water Co Op's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hickory Kerton Water Co Op is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $641K |
| Total Expenses | $504K |
| Surplus / Deficit | +$137K |
| Total Assets | $2.8M |
| Total Liabilities | $1.2M |
| Net Assets | $1.7M |
| Operating Margin | 21.4% |
| Debt-to-Asset Ratio | 41.3% |
| Months of Reserves | 67.3 months |
Financial Health Grade: A
In 2024, Hickory Kerton Water Co Op reported a surplus of $137K with revenue exceeding expenses, holds 67.3 months of operating reserves (strong position), has a debt-to-asset ratio of 41.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Hickory Kerton Water Co Op's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +3.8% | -30.1% | -3.8% |
| 2023 | -0.4% | +10.3% | -9.2% |
| 2022 | +2.1% | -3.9% | -5.7% |
| 2021 | +5.2% | +15.2% | +0.3% |
| 2020 | +5.0% | -1.9% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hickory Kerton Water Co Op has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hickory Kerton Water Co Op with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $137K, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.3%.
Frequently Asked Questions about Hickory Kerton Water Co Op
Is Hickory Kerton Water Co Op a legitimate charity?
Hickory Kerton Water Co Op (EIN: 371075666) is a registered tax-exempt nonprofit based in Illinois. It has 13 years of IRS 990 filings on record. Total revenue: $641K. No red flags identified. Financial health grade: A.
How does Hickory Kerton Water Co Op spend its money?
Hickory Kerton Water Co Op reported $641K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hickory Kerton Water Co Op tax-deductible?
Hickory Kerton Water Co Op is registered as a tax-exempt nonprofit (EIN: 371075666). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hickory Kerton Water Co Op located?
Hickory Kerton Water Co Op is headquartered in Rushville, Illinois and files with the IRS under EIN 371075666.
How many years of IRS 990 filings does Hickory Kerton Water Co Op have?
Hickory Kerton Water Co Op has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $641K in total revenue.
Filing History
IRS 990 filing history for Hickory Kerton Water Co Op showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Hickory Kerton Water Co Op's revenue has grown by 37.9%, moving from $465K to $641K. Total assets decreased by 33.9% over the same period, from $4.3M to $2.8M. Total functional expenses fell by 2.4%, from $516K to $504K. In its most recent filing year (2024), Hickory Kerton Water Co Op reported a surplus of $137K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $2.8M in assets (debt-to-asset ratio: 41.3%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $641K | $504K | $2.8M | $1.2M | — | — |
| 2023 | $617K | $721K | $2.9M | $1.2M | — | View 990 |
| 2022 | $620K | $654K | $3.2M | $1.4M | — | View 990 |
| 2021 | $607K | $680K | $3.4M | $1.6M | — | — |
| 2020 | $577K | $590K | $3.4M | $1.5M | — | View 990 |
| 2019 | $550K | $602K | $3.5M | $1.6M | — | View 990 |
| 2018 | $529K | $576K | $3.6M | $1.7M | — | — |
| 2017 | $516K | $584K | $3.7M | $1.7M | — | View 990 |
| 2016 | $488K | $600K | $3.9M | $1.8M | — | View 990 |
| 2015 | $474K | $529K | $3.9M | $1.7M | — | View 990 |
| 2014 | $465K | $583K | $4.0M | $1.7M | — | View 990 |
| 2013 | $480K | $564K | $4.2M | $1.8M | — | View 990 |
| 2012 | $465K | $516K | $4.3M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $641K, expenses of $504K, and assets of $2.8M (revenue +3.8% year-over-year).
- 2023: Revenue of $617K, expenses of $721K, and assets of $2.9M (revenue -0.4% year-over-year).
- 2022: Revenue of $620K, expenses of $654K, and assets of $3.2M (revenue +2.1% year-over-year).
- 2021: Revenue of $607K, expenses of $680K, and assets of $3.4M (revenue +5.2% year-over-year).
- 2020: Revenue of $577K, expenses of $590K, and assets of $3.4M (revenue +5.0% year-over-year).
- 2019: Revenue of $550K, expenses of $602K, and assets of $3.5M (revenue +4.0% year-over-year).
- 2018: Revenue of $529K, expenses of $576K, and assets of $3.6M (revenue +2.5% year-over-year).
- 2017: Revenue of $516K, expenses of $584K, and assets of $3.7M (revenue +5.7% year-over-year).
- 2016: Revenue of $488K, expenses of $600K, and assets of $3.9M (revenue +3.1% year-over-year).
- 2015: Revenue of $474K, expenses of $529K, and assets of $3.9M (revenue +1.7% year-over-year).
- 2014: Revenue of $465K, expenses of $583K, and assets of $4.0M (revenue -3.1% year-over-year).
- 2013: Revenue of $480K, expenses of $564K, and assets of $4.2M (revenue +3.3% year-over-year).
- 2012: Revenue of $465K, expenses of $516K, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hickory Kerton Water Co Op:
Data Sources and Methodology
This transparency report for Hickory Kerton Water Co Op is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.