FIRGROVE MUTUAL INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: FIRGROVE MUTUAL INC (EIN 91-0822808)
Tax period: 2023-04-01 to 2024-03-31
Filed: 2024-08-15
IRS object ID: 202432289349303968
Schema version: 2023v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule B
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-08-15T16:52:11-05:00	ReturnTs
Tax Period End	2024-03-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	910189318	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MOSS ADAMS LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	601 W RIVERSIDE AVENUE STE 1800	AddressLine1Txt
City	SPOKANE	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	99201	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-04-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	910822808	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FIRGROVE MUTUAL INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FIRG	BusinessNameControlTxt
Phone	2538451542	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	10408 E 144TH STREET	AddressLine1Txt
City	PUYALLUP	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98374	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	LARRY D JONES	PersonNm
Person Title	GENERAL MANAGER	PersonTitleTxt
Phone	2538451542	PhoneNum
Signature	2024-08-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	EMINA O CRESSWELL CPA	PreparerPersonNm
PTIN	P01217304	PTIN
Phone	5097472600	PhoneNum
Preparation	2024-08-14	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-08-08 14:25:15Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	LARRY D JONES	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	10408 E 144TH STREET	AddressLine1Txt
City	PUYALLUP	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98374	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$7,521,745	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.FIRGROVE.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1952	FormationYr
Legal Domicile State	WA	LegalDomicileStateCd
Activity Or Mission	PURPOSE IS TO INSTALL, MAINTAIN, AND OPERATE A WATER SUPPLY SYSTEM FOR ITS MEMBERSHIP.	ActivityOrMissionDesc
Voting Members Governing Body	5	VotingMembersGoverningBodyCnt
Voting Members Independent	5	VotingMembersIndependentCnt
Total Employee	22	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$6,589	PYContributionsGrantsAmt
CY Contributions Grants	$30,953	CYContributionsGrantsAmt
PY Program Service Revenue	$6,334,435	PYProgramServiceRevenueAmt
CY Program Service Revenue	$6,741,953	CYProgramServiceRevenueAmt
PY Investment Income	$147,649	PYInvestmentIncomeAmt
CY Investment Income	$201,535	CYInvestmentIncomeAmt
PY Other Revenue	$114,929	PYOtherRevenueAmt
CY Other Revenue	$499,990	CYOtherRevenueAmt
PY Total Revenue	$6,603,602	PYTotalRevenueAmt
CY Total Revenue	$7,474,431	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$2,124,788	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$2,191,187	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$5,420,282	PYOtherExpensesAmt
CY Other Expenses	$5,629,563	CYOtherExpensesAmt
PY Total Expenses	$7,545,070	PYTotalExpensesAmt
CY Total Expenses	$7,820,750	CYTotalExpensesAmt
PY Revenues Less Expenses	-$941,468	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$346,319	CYRevenuesLessExpensesAmt
Total Assets BOY	$50,326,737	TotalAssetsBOYAmt
Total Assets EOY	$51,711,974	TotalAssetsEOYAmt
Total Liabilities BOY	$2,938,271	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$2,369,452	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$47,388,466	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$49,342,522	NetAssetsOrFundBalancesEOYAmt
Mission	FIRGROVE MUTUAL INC. IS A WASHINGTON CORPORATION ESTABLISHED FOR THE PURPOSE OF INSTALLING, MAINTAINING, AND OPERATING A WATER SUPPLY SYSTEM FOR ITS MEMBERSHIP.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	FIRGROVE AGGRESSIVELY SAFEGUARDS ITS WATER SUPPLY IN ORDER TO PROVIDE A SAFE AND RELIABLE SUPPLY OF WATER. FIRGROVE UPHOLDS THE STANDARDS SET BY THE WASHINGTON STATE DEPARTMENT OF HEALTH AND THE UNITED STATES ENVIRONMENTAL PROTECTION AGENCY. THE MUTUAL IS PROUD OF ITS RECORD OF PROVIDING HIGH QUALITY OF WATER AND SERVICE TO ITS CUSTOMERS.THE COMPANY HAS GROWN TO EMBRACE A POPULATION OF ABOUT 28,000 RESIDENTS AND CONTINUES TO EXPAND AS NEW DEVELOPMENTS ARE ADDED WITHIN THE SERVICE AREA. THE ORGANIZATION PROVIDED WATER SERVICE TO APPROXIMATELY 11,227 MEMBERS.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	10	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	22	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Members And Shr Gross Income	$8,492,990	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$1,033,652	OtherSourcesGrossIncomeAmt
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	5	GoverningBodyVotingMembersCnt
Independent Voting Member	5	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LORI TRIPLETT	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2538451542	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	10408 E 144TH ST	AddressLine1Txt
City	PUYALLUP	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98374	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
SCOTT WILLIAMS
TRUSTEE	0.70	Yes (X)	$2,400	$0	$0
AUSTIN FISHER
PRESIDENT/TRUSTEE	0.80	Yes (X)	$3,000	$0	$0	Yes (X)
DONALD ROSE
VP/PRESIDENT	0.80	Yes (X)	$3,300	$0	$0	Yes (X)
MITCHELL HINDS
TRUSTEE/SECRETARY	0.70	Yes (X)	$2,700	$0	$0	Yes (X)
ERIC OTT
SECRETARY/VP	0.70	Yes (X)	$3,000	$0	$0	Yes (X)
LARRY JONES
GENERAL MANAGER	40.00		$177,280	$0	$37,401	Yes (X)
LORI TRIPLETT
FINANCE DIRECTOR	40.00		$163,584	$0	$34,043	Yes (X)
RYAN LANTZ
SUPERINTENDENT	40.00		$100,593	$0	$57,150		Yes (X)
KIM GLASER
FINANCE SUPERVISOR	40.00		$114,919	$0	$32,020		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$570,776	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$160,614	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	4	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
TAPANI INC
PO BOX 1900	BATTLE GROUND	WA	98604	CONSTRUCTION	$462,058
PUGET SOUND ENERGY
PO BOX 91269	BELLEVUE	WA	98009	ELECTRIC AND GAS SERVICES	$236,463
BHC CONSULTANTS LLC
1601 5TH AVE 500	SEATTLE	WA	98101	ENGINEERING	$158,929
NATIONAL INDUSTRIAL PAINTING INC
3131 LOUISE ST W	UNIVERSITY PLACE	WA	98466	RESERVOIR PAINTING	$116,338
SPRINGBROOK HOLDING COMPANY LLC
PO BOX 200566	DALLAS	TX	75320	FINANCIAL SOFTWARE UPGRADE/SUBSCRIPTION	$115,058

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	6	CntrctRcvdGreaterThan100KCnt
Government Grants	$30,953	GovernmentGrantsAmt
Total Contributions	$30,953	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
WATER SALES	221000	$6,458,290	$6,458,290
FEES AND OTHER CHARGES	221000	$283,663	$283,663

Field	Value	IRS element (for citing)
Total Program Service Revenue	$6,741,953	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$144,553	TotalRevenueColumnAmt
Exclusion	$144,553	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$156,366	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$10,532	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$145,834	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$145,834	TotalRevenueColumnAmt
Exclusion	$145,834	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$93,764	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$8,607	SecuritiesAmt
Other	$28,175	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$85,157	SecuritiesAmt
Other	-$28,175	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$56,982	TotalRevenueColumnAmt
Exclusion	$56,982	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SETTLEMENT INCOME	221000	$353,473	$353,473
OTHER REVENUE	221000	$683	$683

Field	Value	IRS element (for citing)
Other Revenue Total	$354,156	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,474,431	TotalRevenueColumnAmt
Related Or Exempt Func Income	$7,096,109	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$347,369	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$424,676	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,141,537	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$135,606	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$356,879	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$132,489	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$35,925	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$32,657	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$132,267	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$69,322	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$25,642	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$29,422	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$2,058,935	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$141,059	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
WATER OPERATING COSTS	$2,145,339
OUTSIDE SERVICES	$429,606
TAXES AND LICENSES	$372,372
MAINTENANCE AND PARTS	$85,929

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$71,088	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$7,820,750	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$74,778	BOYAmt
EOY	$278,204	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$15,659,164	BOYAmt
EOY	$16,418,790	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$907,835	BOYAmt
EOY	$1,117,694	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$453,833	BOYAmt
EOY	$299,801	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$107,359	BOYAmt
EOY	$112,670	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$46,698,402	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$23,782,645	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$23,259,821	BOYAmt
EOY	$22,915,757	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$4,651,007	BOYAmt
EOY	$5,334,748	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$5,212,940	BOYAmt
EOY	$5,234,310	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$50,326,737	BOYAmt
EOY	$51,711,974	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,026,747	BOYAmt
EOY	$1,041,559	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$6,990	BOYAmt
EOY	$11,645	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$522,884	BOYAmt
EOY	$110,921	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$1,134,138	BOYAmt
EOY	$972,226	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$247,512	BOYAmt
EOY	$233,101	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$2,938,271	BOYAmt
EOY	$2,369,452	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$44,230,470	BOYAmt
EOY	$45,366,828	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$3,157,996	BOYAmt
EOY	$3,975,694	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$47,388,466	BOYAmt
EOY	$49,342,522	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$50,326,737	BOYAmt
EOY	$51,711,974	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$346,319	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$594,644	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$1,705,731	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,165,843	OtherCostOrOtherBasisAmt
Book Value	$1,165,843	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,926,907	OtherCostOrOtherBasisAmt
Depreciation	$1,400,096	DepreciationAmt
Book Value	$1,526,811	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,234,477	OtherCostOrOtherBasisAmt
Depreciation	$3,838,908	DepreciationAmt
Book Value	$1,395,569	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$37,371,175	OtherCostOrOtherBasisAmt
Depreciation	$18,543,641	DepreciationAmt
Book Value	$18,827,534	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$22,915,757	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (6 entries)

DescDesc	Book ValueBookValueAmt
CONSTRUCTION IN PROGRESS	$1,451,548
SOURCE DEVELOPMENT & RATE/SHARE CHARGE STUDY COSTS	$296,644
WHOLESALE WATER AGREEMENT	$2,997,478
WATER RIGHTS	$366,338
EASEMENTS	$110,541
VA/HAZ MIT PLAN	$11,761

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$5,234,310	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	DEVELOPER DEPOSITS	Desc
Amt	$233,101	Amt

Field	Value	IRS element (for citing)
Total Liability	$233,101	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$8,079,603	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$594,640	NetUnrealizedGainsInvstAmt
Other Revenue	$10,532	OtherRevenueAmt
Revenue Not Reported	$605,172	RevenueNotReportedAmt
Revenue Subtotal	$7,474,431	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$7,474,431	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$7,261,909	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$10,532	OtherExpensesIncludedAmt
Expenses Not Reported	$10,532	ExpensesNotReportedAmt
Expenses Subtotal	$7,251,377	ExpensesSubtotalAmt
Other Expenses Not Included	$569,373	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$569,373	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$7,820,750	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART X, LINE 2:	THE MUTUAL IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME, IF ANY. THE MUTUAL HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. AS OF MARCH 31, 2024 AND 2023, THE MUTUAL DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	RENTAL EXPENSES NETTED WITH REVENUE ON FORM 990 10,532.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	RENTAL EXPENSES NETTED WITH REVENUE ON FORM 990 10,532.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	AMORTIZATION OF CONTRIBUTIONS IN AID OF CONSTRUCTION 569,373.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
LARRY JONES
GENERAL MANAGER	$177,280	$0	$0	$0	$0	$0	$26,322	$0	$11,079	$0	$214,681	$0	$0	$0
LORI TRIPLETT
FINANCE DIRECTOR	$163,584	$0	$0	$0	$0	$0	$22,964	$0	$11,079	$0	$197,627	$0	$0	$0
RYAN LANTZ
SUPERINTENDENT	$100,593	$0	$0	$0	$0	$0	$15,089	$0	$42,061	$0	$157,743	$0	$0	$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	ALL MEMBERS ARE OF A SINGLE CLASS: PERSONS OR ENTITIES OWNING REAL PROPERTY WITHIN THE SERVICE AREA OF THE CORPORATION AND REQUIRING POTABLE WATER.
FORM 990, PART VI, SECTION A, LINE 7A	ALL MEMBERS ARE OF A SINGLE CLASS, WITH THE RIGHT TO ELECT MEMBERS OF THE GOVERNING BODY AND RECEIVE A SHARE OF SURPLUS EARNINGS OR GAINS ON SALES OF ASSETS UPON DISSOLUTION.
FORM 990, PART VI, SECTION B, LINE 11B	THE FINANCE DIRECTOR AND GENERAL MANAGER REVIEW THE RETURN PRIOR TO PASSING IT TO THE BOARD OF TRUSTEES FOR THEIR REVIEW PRIOR TO THE FILING OF THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12C	MANAGEMENT REVIEWS THE CONFLICT OF INTEREST DISCLOSURE FORMS. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO AN AGREEMENT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE AGREEMENT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. SUCH PERSON'S INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION IS SET VIA AN INDUSTRY SURVEY OF COMPENSATION. SALARY SCHEDULES FOR ALL EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES. SUCH APPROVAL IS DELIBERATED AT BOARD MEETINGS FOR WHICH MINUTES ARE KEPT. THE COMPENSATION SURVEY IS PERFORMED ANNUALLY.
FORM 990, PART VI, SECTION C, LINE 19	THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE BOTH MADE AVAILABLE TO THE PUBLIC UPON REQUEST. GOVERNING DOCUMENTS ARE MAILED TO NEW MEMBERS IN AN INFORMATIONAL PACKET WHICH INCLUDES THE COMPANY BYLAWS. THESE DOCUMENTS ARE ALSO AVAILABLE UPON REQUEST AND ON THE COMPANY WEBSITE.
FORM 990, PART XI, LINE 9:	AMORTIZATION OF CONTRIBUTIONS IN AID OF CONSTRUCTION 569,373. CHANGE IN MEMBERSHIPS 1,136,358.