Hecla Water Association Inc
- Assets
- $36.9m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 49
- Location
- Ironton, OH
- Founding
- 05/1974
- Data as of
- 12/2021
- EIN
- 31-0808512
Organization Overview
Hecla Water Association Inc is located in Ironton, OH. The organization was established in 1974. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Hecla Water Association Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hecla Water Association Inc 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 12/2021, Hecla Water Association Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $5.3m during the year ending 12/2021. While expenses have increased by 2.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WATER TREATMENT AND DISTRIBUTION TO RURAL COUNTY BUSINESSES AND RESIDENTS IN LAWRENCE COUNTY OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL INCOME AND EXPENSES RELATE TO PROVIDING WATER SERVICE TO RESIDENTS OF LAWRENCE COUNTY OHIO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Howard Secretary/general Manager | Officer | 40 | $100,134 |
Kent Brown Chairman | OfficerTrustee | 0.5 | $0 |
Robert Clyse Vice Chairman | OfficerTrustee | 0.5 | $0 |
Larry Bare Treasurer | OfficerTrustee | 0.5 | $0 |
Kim Riley Board Member | Trustee | 0.5 | $0 |
Brent Sias Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $184,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,962 |
| Total Program Service Revenue | $0 |
| Investment income | $12,767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,375 |
| Net Gain/Loss on Asset Sales | -$25,655 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,562,583 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,939,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,364 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,900,493 |
| Pension plan accruals and contributions | $79,537 |
| Other employee benefits | $840,213 |
| Payroll taxes | $182,739 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,475 |
| Fees for services: Accounting | $60,721 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,341 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $245,113 |
| Travel | $24,712 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $70,814 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $640,540 |
| Insurance | $81,604 |
| All other expenses | $174,407 |
| Total functional expenses | $5,252,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61 |
| Savings and temporary cash investments | $5,836,798 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,178,631 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,131,651 |
| Prepaid expenses and deferred charges | $28,929 |
| Net Land, buildings, and equipment | $28,664,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,220 |
| Total assets | $36,856,921 |
| Accounts payable and accrued expenses | $763,692 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,349,144 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,552 |
| Total liabilities | $7,185,388 |
| Net assets without donor restrictions | $20,447,963 |
| Net assets with donor restrictions | $9,223,570 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $36,856,921 |
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