ICR Water Users Association was formed as a non-profit water company in 1995.  

At the time, the company served a territory including the Inscription Canyon Subdivision, under authority of and regulation by the Arizona Corporation Commission.

The water company is owned by members within the subdivisions it serves. It presently is governed by a five-member board of directors elected by the members. The board members are volunteers, elected for a two-year term. Day to day management, (including billing and accounting) and water systems operations are provided under contract agreements. The Association has no employees.

In 2002 the Corporation Commission approved extensions of the service territory to include the subdivisions of Whispering Canyon, Talking Rock and The Preserve. The total number of potential customers within the current service territory is approximately 2800. The company now has approximately 450 customers.

The water company owns 4 producing wells and one non-producing well that could be added to the system in the future. It owns 3 storage tanks, four distribution pump facilities and miles of underground pipe and many dozens of fire hydrants. The assets were constructed various by developers of the subdivisions. Under a contractual agreement, the Association owns the assets and is obligated to repay some of the cost of construction over a 25-year period with a percentage of the revenue generated from the customers in that subdivision. The company presently has over $11,000,000 in total assets.