Civic Intelligence

American Municipal Power Inc

EIN 31-0943223 • 501(c)12

Profile

To provide electric capacity and energy and to furnish other services to its members on a cooperative basis.

1111 Schrock RoadSuite43229

amppartners.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

0.99x

Higher debt load relative to assets than 96% of similar nonprofits.

$1B+ nonprofits • Source year 2013

Liabilities / Revenue

79th percentile

5.55x

Higher debt load relative to revenue than 79% of similar nonprofits.

$1B+ nonprofits • Source year 2013

Net Margin

24th percentile

0.5%

Higher net margin than 24% of similar nonprofits.

$1B+ nonprofits • Source year 2013

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

$1B+ nonprofits • Source year 2013

Asset Growth

14th percentile

-1.4%

Faster asset growth than 14% of similar nonprofits.

$1B+ nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$5,626,937,744

Down $80,325,418 (-1.4%) from 2012

Liabilities

Down

$5,568,079,950

Down $85,543,533 (-1.5%) from 2012

Net Assets

Up

$58,857,794

Up $5,218,115 (+9.7%) from 2012

Revenue

$1,003,417,711

No earlier filing loaded for comparison.

Expenses

Up

$998,199,596

Up $163,052,090 (+20%) from 2012

Net Income

$5,218,115

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0B$4.0B$2.0B$0Assets 2010: $5,203,309,656Liabilities 2010: $5,154,015,598Net Assets 2010: $49,294,0582010Assets 2011: $5,666,306,853Liabilities 2011: $5,614,484,839Net Assets 2011: $51,822,0142011Assets 2012: $5,707,263,162Liabilities 2012: $5,653,623,483Net Assets 2012: $53,639,6792012Assets 2013: $5,626,937,744Liabilities 2013: $5,568,079,950Net Assets 2013: $58,857,7942013

Highlighted filing

2013

Assets$5,626,937,744
Liabilities$5,568,079,950
Net Assets$58,857,794

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5B$1.0B$500M$0Expenses 2010: $792,931,5232010Expenses 2011: $729,636,6942011Expenses 2012: $835,147,5062012Revenue 2013: $1,003,417,711Expenses 2013: $998,199,596Net Income 2013: $5,218,1152013

Highlighted filing

2013

Revenue$1,003,417,711
Expenses$998,199,596
Net Income$5,218,115

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 23, 2014
Return Version
2013v3.1
Gross Receipts
$1,003,417,711
Mission and Program Overview

Mission

To provide electric capacity and energy and to furnish other services to its members on a cooperative basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,284,334,720$3,638,030,756▲ $353,696,036
Savings and Temporary Cash Investments$112,981,683$84,989,409▼ $27,992,274
Accounts Receivable$74,610,627$77,953,998▲ $3,343,371
Rtn Earn Endowment Incm Other Fnds$52,838,471$58,056,546▲ $5,218,075
Other Notes and Loans Receivable, Net$43,682,117$38,408,910▼ $5,273,207
Investments in Publicly Traded Securities$14,705,591$14,347,943▼ $357,648
Inventories for Sale or Use$6,192,734$8,852,549▲ $2,659,815
Prepaid Expenses and Deferred Charges$9,469,464$6,872,848▼ $2,596,616
Pd in Cap Srpls Land Bldg Eqp Fund$801,208$801,248▲ $40
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,707,263,162$5,626,937,744▼ $80,325,418
Other Assets Total$2,161,286,226$1,757,481,331▼ $403,804,895
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,323,580,188$5,227,894,819▼ $95,685,369
Accounts Payable and Accrued Expenses$314,373,399$328,578,727▲ $14,205,328
Other Liabilities$14,393,107$10,329,616▼ $4,063,491
Deferred Revenue$1,276,789$1,276,788▼ $1
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,653,623,483$5,568,079,950▼ $85,543,533
Net Assets / Fund Balance
Total Net Assets Fund Balance$53,639,679$58,857,794▲ $5,218,115
Total Liabilities and Net Assets / Fund Balance$5,707,263,162$5,626,937,744▼ $80,325,418

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,773,583,756$103,243,432$1,876,827,188
Other Land Buildings$1,796,074,258$5,765,773$1,801,840,031
Land$45,735,084-$45,735,084
Equipment$22,637,658$1,273,482$23,911,140
Other Assets Org$18,038,979--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jon BisherChairman
Marc GerkenPresident
Steve DupeeVice Chairman
Andy BoatrightBoard of Trustee Member
BRIAN O'CONNELLBoard of Trustee Member
Brian CarlinBoard of Trustee Member
Chris EastonBoard of Trustee Member
Chuck StoraBoard of Trustee Member
David FilippiBoard of Trustee Member
Edward KriegerBoard of Trustee Member
Ivan HendersonBoard of Trustee Member
Jeff BredigerBoard of Trustee Member
Mike DoughertyBoard of Trustee Member
Patrick MccullarBoard of Trustee Member
Paul BeckhusenBoard of Trustee Member
Roy JohnsonBoard of Trustee Member
Steve SaumBoard of Trustee Member
Tom NatarianBoard of Trustee Member
Tony PochardBoard of Trustee Member
Branndon KelleyChief Information Officer
Pam LucasSecretary
Robert TrippeSenior VP of Finance
Bobby LittleSr VP of Risk Control
Michael PerrySr. VP Generation Operations
Pam SullivanSr. VP Marketing & Operation
John BentineSr. VP of General Counsel
Jolene ThompsonSr.VP Member Srvcs/ext Affairs
Tracy ReimboldTreasurer
Terry LeachVP of Risk Control & Ampo, Inc
Larry MarquisVP Prairie State Construction

Highest Paid Contractors

ContractorServicesLocationCompensation
Power Systems MfgGas Turbine Repair-$8,164,439
Taft Stettinius Hollister LLPAttorney-$2,478,656
Sidley Austin Brown Wood LLPAttorney-$1,701,164
Sargent Electric CompanyConstruction-$1,482,465
Aci ConstructionConstruction-$550,003
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$982,140,832
Investment Income
$19,567,469
Other Revenue
$1,709,410
Change in Net Assets
$5,218,115

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,003,417,711
Revenue Not Reported on Form 990
$340,259
Total Revenue per Audited Statements
$1,003,757,970
Total Revenue per Form 990
$1,003,417,711
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$996,102,853
Salaries, Compensation, and Employee Benefits$2,096,743
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$118,680,542
Depreciation Depletion---$57,578,445
All Other Expenses---$27,557,301
Other Expenses---$3,561,677
Other Salaries and Wages---$2,096,743
Total Functional Expenses$0$0$0$998,199,596

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$998,479,132
Expenses per Audited Statements$998,199,596
Total Expenses per Form 990$998,199,596
Expenses Not Reported on Form 990$279,536
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$10,329,616

Bond Issues

BondIssuerIssuedIssue PricePurpose
C31-09432232008-07-02$749,815,603SEE PART VI
D31-09432232012-06-29$570,959,022SEE PART VI
B31-09432232009-03-31$163,814,206SEE PART VI
A31-09432232009-12-09$131,311,435SEE PART VI
B31-09432232013-10-24$13,782,510SEE PART VI
B31-09432232004-07-30$9,861,000SEE PART VI
A31-09432232004-10-01$5,810,119SEE PART VI
C31-09432232010-12-07$4,835,243SEE PART VI
D31-09432232012-11-20$2,639,611SEE PART VI
A31-09432232013-06-27$2,495,000SEE PART VI
B31-09432232013-08-08$2,017,015SEE PART VI
B31-09432232013-10-16$1,396,395SEE PART VI
C31-09432232013-09-05$1,001,250SEE PART VI
C31-09432232013-07-11$750,000SEE PART VI
D31-09432232013-11-07$400,396SEE PART VI
C31-09432232013-01-10$399,295SEE PART VI
A31-09432232013-11-20$355,710SEE PART VI
A31-09432232013-01-03$290,215SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$782,662,101$0$10,360,000$9,622,141
D$571,005,229$0$0$4,106,391
B$166,290,191$0$0$3,697,418
A$131,311,435$0$0$945,891
B$13,782,510$0$0$27,510
B$9,905,712$0$7,892,000$150,000
A$5,891,618$0$1,350,000$237,226
C$4,861,729$0$0$44,373
D$2,639,611$0$0$4,611
A$2,495,000$0$0$0
B$2,017,015$0$0$2,015
B$1,396,395$0$0$1,395
C$1,001,250$0$0$1,250
C$750,000$0$0$0
D$400,396$0$0$0
C$399,295$0$0$295
A$355,710$0$0$0
A$290,215$0$0$215

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

form 990, PART VI, SECTION A, lines 6 - 7B

The organization is comprised of member communities. Each community has one representative on the board which meets regularly and approves various actions of the officers, including significant expenditures and contracts.

form 990, PART VI, SECTION B, line 11

The return is reviewed and approved by the assistant vp of accounting and financial reporting, senior vice president, and cfo prior to submission.

FORM 990, PART VI, SECTION B, LINE 12C

The assistant vice president of accounting & financial reporting meets on an annual basis with key employees to gain an understanding of internal processes and the impact of items. Also, all checks issued are reviewed to make sure that there is proper documentation to ensure the expense is legitimate. Another critical area in how they monitor enforcement with the policy is that every check over $500 must have two signoffs. As a final measurement of transparency, a list of payments is appended to the financial statements and ultimately presented to the board of trustees.

FORM 990, PART VI, section C, LINE 19

American municipal power financial statements are posted on its web site. Its governing documents and conflict of interest policy are not public documents.

FORM 990, PART VI, section B, lines 15A and 15B

All labor for american municipal power is performed by municipal energy services agency employees pursuant to an agreement between the companies. American municipal power's president is an employee of municipal energy services agency. The board of directors of american municipal power determines the compensation of american municipal power's president. American municipal power's president determines the compensation of all other personnel.

Filing and Contact Details

Filer

EIN
31-0943223
In Care Of
% MR ROBERT W TRIPPE
Phone
6145401111

Signing Officer

Name
Robert W Trippe
Title
Chief Financial Officer
Phone
6145401111
Signed
2014-08-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Robert W Trippe
Formed
1971
Legal Domicile
Oh
Voting Board Members
30
Independent Board Members
30
Employees
0

Preparer

Phone
6142258700
Supplemental Narrative

Financial Statement Notes

Revenue on Books Not on Return

Financial statements include revenue from ampo, inc. Which is a taxable wholly-owned subsidiary that files its own return. Thus, ampo, inc. Items are removed from financial statement balances for tax return purposes.

Expenses on Books Not on Return

Financial statements include expenses from ampo, inc. Which is a taxable wholly-owned subsidiary that files its own return. Thus, ampo, inc. Items are removed from financial statement balances for tax return purposes.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD OF TRUSTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD OF TRUSTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD OF TRUSTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD OF TRUSTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD OF TRUSTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD OF TRUSTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD OF TRUSTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD OF TRUSTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD OF TRUSTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11SR. VP OF GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD OF TRUSTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD OF TRUSTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD OF TRUSTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15SENIOR VP OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP PRAIRIE STATE CONSTRUCTION
IRS990/Form990PartVIISectionAGrp/TitleTxt17SR. VP MARKETING & OPERATION
IRS990/Form990PartVIISectionAGrp/TitleTxt18SR.VP MEMBER SRVCS/EXT AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt19SR. VP GENERATION OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP OF RISK CONTROL & AMPO, INC
IRS990/Form990PartVIISectionAGrp/TitleTxt21SR VP OF RISK CONTROL
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHIEF INFORMATION OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD OF TRUSTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD OF TRUSTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt26TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD OF TRUSTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt29BOARD OF TRUSTEE MEMBER
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FINANCIAL STATEMENTS INCLUDE REVENUE FROM AMPO, INC. WHICH IS A TAXABLE WHOLLY-OWNED SUBSIDIARY THAT FILES ITS OWN RETURN. THUS, AMPO, INC. ITEMS ARE REMOVED FROM FINANCIAL STATEMENT BALANCES FOR TAX RETURN PURPOSES.

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