Hickory-kerton Water Co-op
501(c)(12)
Only null% goes to programs Strong reserves
Hickory-kerton Water Co-op is a 501(c)(12) organization based in Rushville, Illinois, registered in 1988, with $637,831 in FY2024 revenue. CharityIndex grades it B.
315 N Monroe St, Rushville, IL, 62681 EIN 37-1075666 Since 1988
Revenue (FY2024)
$638K
▼ 0.5% vs prior year
Expenses (FY2024)
$649K
Net assets
$1.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Hickory-kerton Water Co-op— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating30 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hickory-kerton Water Co-op: 30 mo reserves · -2% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Hickory-kerton Water Co-op— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hickory-kerton Water Co-op: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $465K (FY2013) to $638K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.1MNet assets $1.6M
Operating margin
-1.8%
Spent more than it raised in the latest fiscal year.
Total assets
$2.7M
Total liabilities
$1.1M
Net assets
$1.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $637,831▼0.5% | $649,319▲28.9% | $1,645,964▼0.7% | $2,702,264▼4.3% | 990 |
| 2023 | $641,216▲3.8% | $503,731▼30.1% | $1,657,451▼1.9% | $2,823,369▼3.8% | 990 |
| 2022 | $617,468▼0.4% | $721,061▲10.3% | $1,688,932▼5.8% | $2,934,907▼9.2% | 990 |
| 2021 | $620,169▲2.1% | $653,527▼3.9% | $1,792,525▼1.8% | $3,232,834▼5.7% | 990 |
| 2020 | $607,338▲5.2% | $680,121▲15.2% | $1,825,883▼3.8% | $3,427,090▲0.3% | 990 |
| 2019 | $577,471▲5.0% | $590,391▼1.9% | $1,898,666▼0.7% | $3,417,906▼2.4% | 990 |
| 2018 | $550,145▲4.0% | $601,625▲4.4% | $1,911,586▼2.6% | $3,501,117▼3.2% | 990 |
| 2017 | $528,948▲2.5% | $575,997▼1.3% | $1,963,066▼2.3% | $3,615,329▼3.5% | 990 |
| 2016 | $515,937▲5.7% | $583,807▼2.7% | $2,010,115▼3.3% | $3,746,544▼3.3% | 990 |
| 2015 | $488,099▲3.1% | $599,853▲13.3% | $2,077,985▼5.1% | $3,873,686▼0.1% | 990 |
| 2014 | $473,564▲1.7% | $529,234▼9.2% | $2,189,739▼2.5% | $3,876,116▼2.5% | 990 |
| 2013 | $465,426 | $582,979▲3.4% | $2,245,409▼5.0% | $3,974,636▼4.3% | 990 |
| 2012 | — | $563,837▲9.3% | $2,362,962▼3.4% | $4,152,065▼2.9% | 990 |
| 2011 | — | $516,045▼0.1% | $2,446,409▼2.0% | $4,273,879▼2.2% | 990 |
| 2010 | — | $516,772 | $2,497,595 | $4,368,795 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Hickory-kerton Water Co-op a legitimate nonprofit?
- Yes. Hickory-kerton Water Co-op is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 37-1075666, based in Rushville, Illinois.
- What is Hickory-kerton Water Co-op's EIN?
- Hickory-kerton Water Co-op's Employer Identification Number (EIN) is 37-1075666.
- How much revenue does Hickory-kerton Water Co-op report?
- Hickory-kerton Water Co-op reported $637,831 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Hickory-kerton Water Co-op have?
- CharityIndex grades Hickory-kerton Water Co-op B, based on financial health (reserves and operating margin).
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Data for Hickory-kerton Water Co-op (EIN 37-1075666) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.