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Hico Water System Inc

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$221k (2022)

Expenses
$246k (2022)

Total Assets
$1.9M (2022)

Total Liabilities
$582k (2022)

Years with missing data
Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$221,473
Expenses
$246,404
Net Income
-$24,931
Net Assets
$1,316,047
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $220,851
99.7%
Investment Income $622
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $14,400
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,897,895
Total Liabilities $581,848
Net Assets $1,316,047
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Vicky Key (Sec/Treas) $14,400 $0 $0
Russell Colvin (President) $0 $0 $0
Grady Bagwell (Board Member) $0 $0 $0
Randy Deason (Board Member) $0 $0 $0
Ronnie Dyes (Board Member) $0 $0 $0
Glenda Knowles (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$203,678
Expenses
$189,612
Net Income
$14,066
Net Assets
$1,340,978
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $203,678
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $14,400
7.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,938,639
Total Liabilities $597,661
Net Assets $1,340,978
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Vicky Key (Sec/Treas) $14,400 $0 $0
Russell Colvin (President) $0 $0 $0
Grady Bagwell (Board Member) $0 $0 $0
Randy Deason (Board Member) $0 $0 $0
Ronnie Dyes (Board Member) $0 $0 $0
Glenda Knowles (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$223,380
Expenses
$200,351
Net Income
$23,029
Net Assets
$1,326,912
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $223,287
100.0%
Investment Income $93
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $13,200
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,942,679
Total Liabilities $615,767
Net Assets $1,326,912
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Vicky Key (Sec/Treas) $13,200 $0 $0
Russell Colvin (President) $0 $0 $0
Grady Bagwell (Board Member) $0 $0 $0
Randy Deason (Board Member) $0 $0 $0
Ronnie Dyes (Board Member) $0 $0 $0
Glenda Knowles (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$216,059
Expenses
$215,277
Net Income
$782
Net Assets
$1,303,883
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $215,976
100.0%
Investment Income $83
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $15,600
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,937,150
Total Liabilities $633,267
Net Assets $1,303,883
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Vicky Key (Sec/Treas) $15,600 $0 $0
Russell Colvin (President) $0 $0 $0
Grady Bagwell (Board Member) $0 $0 $0
Bill Colvin (Board Member) $0 $0 $0
Ronnie Dyes (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$234,707
Expenses
$217,226
Net Income
$17,481
Net Assets
$1,303,101
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $234,624
100.0%
Investment Income $83
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $15,600
7.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,954,136
Total Liabilities $651,035
Net Assets $1,303,101
Club or Co-Op Income
Income From Members $0
Income From Other Sources $234,707
Compensation
Key Employees and Officers Compensation Related Other
Vicky Key (Sec/Treas) $15,600 $0 $0
Russell Colvin (President) $0 $0 $0
Grady Bagwell (Board Member) $0 $0 $0
Bill Colvin (Board Member) $0 $0 $0
Ronnie Dyes (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$231,452
Expenses
$221,637
Net Income
$9,815
Net Assets
$1,246,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $231,369
100.0%
Investment Income $83
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $15,617
7.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,926,013
Total Liabilities $679,339
Net Assets $1,246,674
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Vicky Key (Sec/Treas) $15,617 $0 $0
Russell Colvin (President) $0 $0 $0
Grady Bagwell (Board Member) $0 $0 $0
Bill Colvin (Board Member) $0 $0 $0
Ronnie Dyes (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$230,717
Expenses
$202,356
Net Income
$28,361
Net Assets
$1,236,859
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $230,634
100.0%
Investment Income $83
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $21,204
10.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,124
0.6%
Assets/Debt
Total Assets $2,032,856
Total Liabilities $795,997
Net Assets $1,236,859
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Vicky Key (Sec/Treas) $11,453 $0 $0
Norman Fredrick Frm Sec (Secretary (Fmr)) $9,751 $0 $0
Kadee Woods (Board Member) $0 $0 $0
Grady Bagwell (Board Member) $0 $0 $0
Phyllis Lewis (Board Member) $0 $0 $0
Mike Roberson (President) $0 $0 $0
Johnny Cruse (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$229,217
Expenses
$236,570
Net Income
-$7,353
Net Assets
$1,929,782
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $229,155
100.0%
Investment Income $62
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $33,260
14.1%
Assets/Debt
Total Assets $1,929,782
Total Liabilities $0
Net Assets $1,929,782
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$456,091
Expenses
$212,125
Net Income
$243,966
Net Assets
$1,182,766
Notable Sources of Revenue Percent of Total Revenue
Contributions $199,790
43.8%
Program Services $256,090
56.1%
Investment Income $211
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $10,725
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $27,722
13.1%
Assets/Debt
Total Assets $2,023,025
Total Liabilities $840,259
Net Assets $1,182,766
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$618,457
Expenses
$164,079
Net Income
$454,378
Net Assets
$938,800
Notable Sources of Revenue Percent of Total Revenue
Contributions $382,210
61.8%
Program Services $235,961
38.2%
Investment Income $286
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $9,517
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $26,206
16.0%
Assets/Debt
Total Assets $1,795,062
Total Liabilities $856,262
Net Assets $938,800
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$251,341
Expenses
$206,542
Net Income
$44,799
Net Assets
$346,154
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $381
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $250,960
99.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $32,738
15.9%
Assets/Debt
Total Assets $491,471
Total Liabilities $145,317
Net Assets $346,154
Club or Co-Op Income
Income From Members $250,960
Income From Other Sources $381

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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