2024-05-02T12:53:02-04:00 2023-12-31 EDDIE CARRICK CPA PC 151 YOUNG DRIVE Lexington NC 27292 990 2023-01-01 560883544 IREDELL WATER CORPORATION IRED PO BOX 1844 STATESVILLE NC 286871844 DANNY SLOAN MANAGER 7048760672 2024-04-16 false DANNY SLOAN XXX-XX-XXXX true Eddie Carrick P01315064 3362492545 2024-05-02 2 00 AAL2 IAL1 2023 2023-04-26 12:10:37Z EDWARD BISSELL 7283045 false X X 1966 NC TO PROVIDE A CLEAN, SAFE, HEALTHY RURAL WATER SUPPLY TO MEMBERS. 9 9 15 0 0 114603 0 5249155 5596655 82078 207871 1411 1478519 5447247 7283045 0 0 1218188 1022606 0 0 2966530 3085112 4184718 4107718 1262529 3175327 23827018 26594400 8425197 8017252 15401821 18577148 TO PROVIDE A CLEAN, SAFE, HEALTHY RURAL WATER SUPPLY TO MEMBERS. false false 3258257 5596655 PROVIDED CLEAN, SAFE, HEALTHY WATER SUPPLY TO MEMBERS. 3258257 false false false false false false false false false true true false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 10 0 true 15 true false false false false false 5557648 1682871 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false NC X GARY D SLOAN 7048760672 PO BOX 1844 STATESVILLE NC 286871844 GARY D SLOAN MANAGER 0.00 0.00 X 159959 0 17364 ALAN L COOK SECRETARYTREASURER 1.00 0.00 X X 1125 0 0 EDWARD BISSELL PRESIDENT 5.00 0.00 X X 1050 0 0 BOBBY DAVIDSON VICE PRESIDENT 1.00 0.00 X X 1050 0 0 WAYNE SMITH DIRECTOR 1.00 0.00 X 975 0 0 SCOTTY HARRIS DIRECTOR 1.00 0.00 X 975 0 0 FRANKLIN RASH DIRECTOR 1.00 0.00 X 900 0 0 KENT BLACKWELDER DIRECTOR 1.00 0.00 X 600 0 0 ERIC PATTERSON DIRECTOR 1.00 0.00 X 50 0 0 MATT MOREFIELD DIRECTOR 0.00 0.00 X 0 0 0 166684 0 17364 1 false true false WATER SALES 221000 4656971 4656971 METERS AND RECOVERY 221000 706338 706338 PENALTY FEES 221000 36385 36385 DAMAGE FEES 221000 99921 99921 LATE FEES 221000 74935 74935 22105 22105 5596655 207871 207871 INCREASE IN MEMBERSHIP 221000 3519 3519 SETTLEMENT OF LAWSUIT 900099 1475000 1475000 1478519 7283045 7283045 0 0 X 964546 584888 379658 58060 21482 36578 312634 312634 254460 254460 69780 34890 34890 DEPRECIATION 896938 869757 27181 WELL PUMP & MAINTENANCE 367878 367878 REPAIRS & MAINTENANCE 317196 317196 METER COSTS AND INSTALLATION 329927 329927 536299 477779 58520 4107718 3258257 849461 0 3631724 4908088 273779 310678 400379 361372 28571412 11877611 17559260 16693801 1792913 3949541 168963 370920 23827018 26594400 101077 111138 8056828 7618989 267292 287125 8425197 8017252 X 95951 99470 15305870 18477678 15401821 18577148 23827018 26594400 3175327 0 X false true X true false 359256 359256 28212156 11877611 16334545 16693801 OTHER SECURITIES 3949541 C 3949541 CONSTRUCTION IN PROGRESS 341985 OTHER 28935 370920 OTHER LIABILITIES 287125 287125 7283045 7283045 7283045 4107718 4107718 4107718 X X X X false false false GARY D SLOAN MANAGER 159959 17364 177323 Members or stockholder classes and rights Part VI line 6 EACH METER CUSTOMER IS A MEMBER AT THE RATE OF $10 Member election for additional members Part VI line 7a EACH YEAR, THE BOARD OF DIRECTORS NOMINATES AT LEAST THREE MEMBERS TO SERVE A THREE YEAR TERM ON THE BOARD. THE MEMBERS VOTE ON THE NOMINATIONS FOR BOARD MEMBERS AT THE ANNUAL MEETING. Governing body decisions Part VI line 7b EACH PERSON OR FAMILY THAT RECEIVES WATER SERVICE MUST PAY A $10 MEMBERSHIP FEE PRIOR TO SERVICE. THERE ARE 9,595 MEMBERS AT YEAR END. Form 990 governing body review Part VI line 11 THE BOARD MEMBERS AND THE MANAGER REVIEW THE 990 TAX RETURN BEFORE IT IS SIGNED AND SUBMITTED TO THE IRS Conflict of interest policy compliance Part VI line 12c THE BOARD MONITORS THE CONFLICT OF INTEREST POLICY MONTHLY AND ANNUALLY AND MAKES ANY NECESSARY CHANGES AT THAT TIME. CEO executive director top management comp Part VI line 15a THE NINE MEMBER GOVERNING BOARD REVIEWS AND DETERMINES THE COMPENSATION PAID TO THE GENERAL MANAGER AND ALL EMPLOYEES. Other officer or key employee compensation Part VI line 15b THE BOARD MEMBERS SET THE SALARIES FOR THE KEY EMPLOYEES AND ALL EMPLOYEES AT THE BEGINNING OF EACH YEAR Governing documents etc available to public Part VI line 19 THE BOARD AND THE MANAGER MAKES THE FINANCIAL STATEMENTS, TAX RETURNS, CONFLICT OF INTEREST POLICY AND THE GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE DOCUMENTS ARE KEPT AT THE OFFICE. List of other expenses Part IX line 24e LOSS ON SALE OF ASSETS 1,566 WATER PURCHASES 72,128COMPUTER AND OFFICE EQUIPMENT 64,569CHEMICAL TESTING 123,871FIELD EQUIP 7,401TRUCK 98,698TRAINING 7,215ENGINEERING 480DIRECTORS COMP 10,500POSTAGE 35,672CONSULTING 21,181TOOLS 11,890BANK CHARGES 11,413PROPERTY TAXES 5,007MISC 4,877TELEPHONE 21,246