Civic Intelligence

Washington Electric Cooperative In

990 • Fiscal year 2017 • EIN 31-4335585

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

Organization ProfileWECI.ORG
440 Highland Ridge RoadMarietta, OH 45750

(740) 885-5924

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.55x

Higher debt load relative to assets than 59% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

65th percentile

1.56x

Higher debt load relative to revenue than 65% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Net Margin

91st percentile

10%

Higher net margin than 91% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

19th percentile

$183,751

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Asset Growth

84th percentile

5.9%

Faster asset growth than 84% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

61st percentile

3.5%

Faster revenue growth than 61% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$52,620,643

Up $2,919,912 (+5.9%) from 2016

Net Assets

Up

$23,545,502

Up $1,282,903 (+5.8%) from 2016

Liabilities

Up

$29,075,141

Up $1,637,009 (+6.0%) from 2016

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin91st percentile

Revenue

Up

$18,652,308

Up $635,751 (+3.5%) from 2016

Expenses

Down

$16,740,692

Down $300,216 (-1.8%) from 2016

Net Income

Up

$1,911,616

Up $935,967 (+96%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2010: $39,370,075Liabilities 2010: $21,229,814Net Assets 2010: $18,140,2612010Assets 2011: $44,702,955Liabilities 2011: $25,808,755Net Assets 2011: $18,894,2002011Assets 2012: $45,641,528Liabilities 2012: $25,164,577Net Assets 2012: $20,476,9512012Assets 2013: $46,829,317Liabilities 2013: $26,070,204Net Assets 2013: $20,759,1132013Assets 2014: $48,313,007Liabilities 2014: $26,754,874Net Assets 2014: $21,558,1332014Assets 2015: $49,091,089Liabilities 2015: $27,355,927Net Assets 2015: $21,735,1622015Assets 2016: $49,700,731Liabilities 2016: $27,438,132Net Assets 2016: $22,262,5992016Assets 2017: $52,620,643Liabilities 2017: $29,075,141Net Assets 2017: $23,545,5022017Assets 2018: $55,341,752Liabilities 2018: $29,376,998Net Assets 2018: $25,964,7542018Assets 2019: $62,126,495Liabilities 2019: $35,505,566Net Assets 2019: $26,620,9292019Assets 2020: $63,320,059Liabilities 2020: $36,016,574Net Assets 2020: $27,303,4852020Assets 2021: $67,766,254Liabilities 2021: $39,828,471Net Assets 2021: $27,937,7832021Assets 2022: $69,296,140Liabilities 2022: $40,850,151Net Assets 2022: $28,445,9892022Assets 2024: $73,843,481Liabilities 2024: $44,058,189Net Assets 2024: $29,785,2922024

Highlighted filing

2017

Assets$52,620,643
Liabilities$29,075,141
Net Assets$23,545,502
Open 2017 Filing

Operations Trend

Revenue Growth61st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Expenses 2010: $14,104,7462010Expenses 2011: $15,422,3162011Expenses 2012: $15,767,4932012Revenue 2013: $17,314,050Expenses 2013: $16,557,545Net Income 2013: $756,5052013Revenue 2014: $17,903,877Expenses 2014: $16,859,572Net Income 2014: $1,044,3052014Revenue 2015: $17,518,003Expenses 2015: $16,954,932Net Income 2015: $563,0712015Revenue 2016: $18,016,557Expenses 2016: $17,040,908Net Income 2016: $975,6492016Revenue 2017: $18,652,308Expenses 2017: $16,740,692Net Income 2017: $1,911,6162017Revenue 2018: $20,319,239Expenses 2018: $17,690,877Net Income 2018: $2,628,3622018Revenue 2019: $18,845,395Expenses 2019: $17,665,155Net Income 2019: $1,180,2402019Revenue 2020: $19,505,742Expenses 2020: $18,401,617Net Income 2020: $1,104,1252020Revenue 2021: $21,644,972Expenses 2021: $20,601,731Net Income 2021: $1,043,2412021Revenue 2022: $22,812,534Expenses 2022: $21,604,921Net Income 2022: $1,207,6132022Revenue 2024: $24,189,838Expenses 2024: $22,841,775Net Income 2024: $1,348,0632024

Highlighted filing

2017

Revenue$18,652,308
Expenses$16,740,692
Net Income$1,911,616
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$18,652,308
Mission and Program Overview

Mission

Providing electric power to cooperative members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$36,241,164$37,063,557▲ $822,393
Rtn Earn Endowment Incm Other Fnds$22,262,599$23,545,502▲ $1,282,903
Investments Other Securities$7,720,645$8,234,071▲ $513,426
Accounts Receivable$3,079,702$3,223,601▲ $143,899
Cash and Non-Interest-Bearing Accounts$1,578,129$3,184,209▲ $1,606,080
Inventories for Sale or Use$358,212$319,623▼ $38,589
Prepaid Expenses and Deferred Charges$106,501$103,056▼ $3,445
Total Assets$49,700,731$52,620,643▲ $2,919,912
Other Assets Total$616,378$492,526▼ $123,852
Liabilities
Mortgage Notes Payable Secured by Investment Property$24,351,504$25,681,331▲ $1,329,827
Accounts Payable and Accrued Expenses$3,086,628$3,393,810▲ $307,182
Total Liabilities$27,438,132$29,075,141▲ $1,637,009
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,262,599$23,545,502▲ $1,282,903
Total Liabilities and Net Assets / Fund Balance$49,700,731$52,620,643▲ $2,919,912

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$33,469,005$11,465,503$44,934,508
Buildings$2,250,934$714,026$2,964,960
Equipment$936,331$1,237,193$2,173,524
Land$407,287-$407,287
Other Securities$70,057--
Compensation and Service Providers
Top Officer Pay19th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jack BraggGeneral Mgr/FT$148,293$35,458$183,751
Jack BraggGeneral Mgr/CEO-$148,293$35,458$183,751
Roger RobertsConstructionFT$101,458-$101,458
Bruce SwopeOperation MaFT$101,178-$101,178
Jake WellsConstructionFT$101,138-$101,138
Paul FleemanChairman-$6,500$3,962$10,462
Betty MartinSecretary/trPT$7,000$6$7,006
William BowersockTrusteePT$6,500$3$6,503
Gale DepuyAsst. Sec./tPT$6,250$6$6,256
Larry UllmanVice ChairmaPT$6,250$4$6,254
Eldon MillerAsst Secy/trPT$3,900$2$3,902
Shawn RayTrustee-$2,100$3$2,103
David MillerChairmanPT$1,800$2$1,802
Brent SmithTrustee-$700-$700

Highest Paid Contractors

ContractorServicesLocationCompensation
ResccUtil Plant Matl6677 BUSCH BLVD, Columbus, OH 43229$553,946
Asplundh Tree Expert CoRow Cutting1700 SOLUTIONS CENTER, Chicago, IL 60677$501,562
New River Electric CorpDist/constrctnPO BOX 70, Cloverdale, VA 24077$439,323
Ohoi Rural Electric CooperativesCoop Services6677 BUSCH BLVD, Columbus, OH 43229$181,793
NiscSupport ServicePO BOX 1147, Mandan, ND 58554$175,575
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$17,582,765
Investment Income
$135,242
Other Revenue
$934,301
Change in Net Assets
$1,911,616

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,652,308
Total Revenue per Audited Statements
$18,652,308
Total Revenue per Form 990
$18,652,308
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,662,602
Salaries, Compensation, and Employee Benefits$2,055,367
Grants and Similar Amounts Paid$22,723
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,426,905--$1,426,905
Other Salaries and Wages$1,119,385--$1,119,385
Interest$1,103,712--$1,103,712
Other Expenses$491,603--$491,603
Other Employee Benefits$346,639--$346,639
Pension Plan Contributions$299,145--$299,145
All Other Expenses$241,136--$241,136
Current Officers, Directors, Trustees, and Key Employees$189,293--$189,293
Office Expenses$176,590--$176,590
Information Technology$147,906--$147,906
Fees for Services Management$123,345--$123,345
Payroll Taxes$100,905--$100,905
Insurance$59,076--$59,076
Fees for Services Other$24,658--$24,658
Conferences and Meetings$21,446--$21,446
Travel$20,606--$20,606
Fees for Services Accounting$16,745--$16,745
Grants to Domestic Orgs$16,348--$16,348
Advertising$12,887--$12,887
Grants to Domestic Individuals$6,375--$6,375
Fees for Services Legal$5,319--$5,319
Total Functional Expenses$16,740,692$0$0$16,740,692

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,740,692
Total Expenses per Audited Statements$16,740,692
Total Expenses per Form 990$16,740,692
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
David MillerTrusteeOhio Rural ElectricNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“MEMBERS/OWNERS.”

Form 990, Page 6, Part VI, Line 7A

“Members elect trustees at the annual meeting.”

Form 990, Page 6, Part VI, Line 7B

“Bylaw changes and some issues are voted on by the member/owners.”

Form 990, Page 6, Part VI, Line 11B

“The president of the board of trustees, general manager and director of finance & administration review a draft copy of the form 990 at a meeting prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Each officer, director or trustee completes a form 990 questionnaire.”

Form 990, Page 6, Part VI, Line 15A

“Washington electric cooperative uses a national wage survey (done by nreca), the cpi, and state averages to set wage ranges. The board sets the general manager's compensation and the general manager sets the senior staff's compensation.”

Form 990, Page 6, Part VI, Line 15B

“Washington electric cooperative uses a national wage survey (done by nreca), the cpi, and state averages to set wage ranges. The board sets the general manager's compensation and the general manager sets the senior staff's compensation.”

Form 990, Page 6, Part VI, Line 19

“A condensed version of the financial statements are made available with the annual meeting information and are published in the cooperative magazine "country living".”

Filing and Contact Details

Filer

Filer Name
Washington Electric Cooperative in
EIN
31-4335585
Address
440 HIGHLAND RIDGE ROAD, MARIETTA, OH 45750

Signing Officer

Name
Paul Fleeman
Title
Chairman
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Fleeman
Formed
1936
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
28

Preparer

Firm
Bhm CPA Group Inc
Address
PO BOX 875, CIRCLEVILLE, OH 43113-0875
Preparer
Jeffrey a Harr
Phone
7404745210
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Retirement of patronage capital -553,113 unrel loss related to nonpension postretire benefi -75,600 total -628,713”

Financial Statement Notes

Schedule D, Page 3, Part X

“The cooperative complies with asc 740-10 related to uncertain tax positions. Asc 740-10 prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken on a tax return. Management is not aware of any tax positions taken by the cooperative on its tax returns that they consider to be uncertain or that would jeopardize its tax exempt status. Tax returns for the years ended 2014, 2015 and 2016 are still open and subject to examination by the internal revenue service.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt71800
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9148293
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASST. SEC./T
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASST SECY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9GENERAL MGR/
IRS990/Form990PartVIISectionAGrp/TitleTxt10CONSTRUCTION
IRS990/Form990PartVIISectionAGrp/TitleTxt11OPERATION MA
IRS990/Form990PartVIISectionAGrp/TitleTxt12CONSTRUCTION
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt02674
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt022723
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt06375
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt06375
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt016348
IRS990/GrantsToDomesticOrgsGrp/TotalAmt016348
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02674
IRS990/GrossReceiptsAmt018652308
IRS990/GrossRentsGrp/RealAmt0204362
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0147906
IRS990/InformationTechnologyGrp/TotalAmt0147906
IRS990/InsuranceGrp/ProgramServicesAmt059076
IRS990/InsuranceGrp/TotalAmt059076
IRS990/InterestGrp/ProgramServicesAmt01103712
IRS990/InterestGrp/TotalAmt01103712
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0358212
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0319623
IRS990/InvestmentIncomeGrp/ExclusionAmt0132568
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0132568
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt07720645
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt08234071
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt013416722
IRS990/LandBldgEquipBasisNetGrp/BOYAmt036241164
IRS990/LandBldgEquipBasisNetGrp/EOYAmt037063557
IRS990/LandBldgEquipCostOrOtherBssAmt050480279
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt017582765
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDING ELECTRIC POWER TO COOPERATIVE MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt024351504
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt025681331
IRS990/NetAssetsOrFundBalancesBOYAmt022262599
IRS990/NetAssetsOrFundBalancesEOYAmt023545502
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt02674
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02674
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0204362
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0204362
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt0176590
IRS990/OfficeExpensesGrp/TotalAmt0176590
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0616378
IRS990/OtherAssetsTotalGrp/EOYAmt0492526
IRS990/OtherChangesInNetAssetsAmt0-628713
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0346639
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0346639
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION - MAINTENANC
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION - OPERATION
IRS990/OtherExpensesGrp/Desc3EXCISE TAX
IRS990/OtherExpensesGrp/ProgramServicesAmt09400891
IRS990/OtherExpensesGrp/ProgramServicesAmt1722375
IRS990/OtherExpensesGrp/ProgramServicesAmt2667402
IRS990/OtherExpensesGrp/ProgramServicesAmt3491603
IRS990/OtherExpensesGrp/TotalAmt09400891
IRS990/OtherExpensesGrp/TotalAmt1722375
IRS990/OtherExpensesGrp/TotalAmt2667402
IRS990/OtherExpensesGrp/TotalAmt3491603
IRS990/OtherRevenueMiscGrp/Desc0PATRONAGE CAP FROM ASSOC ORG
IRS990/OtherRevenueMiscGrp/ExclusionAmt0729939
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0729939
IRS990/OtherRevenueTotalAmt0729939
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01119385
IRS990/OtherSalariesAndWagesGrp/TotalAmt01119385
IRS990/OtherSourcesGrossIncomeAmt01069543
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0100905
IRS990/PayrollTaxesGrp/TotalAmt0100905
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0299145
IRS990/PensionPlanContributionsGrp/TotalAmt0299145
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0106501
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0103056
IRS990/PrincipalOfficerNm0PAUL FLEEMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SALE OF ELECTRICITY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017582765
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017582765
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt014914
IRS990/PYInvestmentIncomeAmt0144109
IRS990/PYOtherExpensesAmt014985319
IRS990/PYOtherRevenueAmt0567362
IRS990/PYProgramServiceRevenueAmt017305086
IRS990/PYRevenuesLessExpensesAmt0975649
IRS990/PYSalariesCompEmpBnftPaidAmt02040675
IRS990/PYTotalExpensesAmt017040908
IRS990/PYTotalRevenueAmt018016557
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01911616
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0204362
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt022262599
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt023545502
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02250934
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0714026
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02964960
IRS990ScheduleD/EquipmentGrp/BookValueAmt0936331
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01237193
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02173524
IRS990ScheduleD/ExpensesSubtotalAmt016740692
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0407287
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0407287
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt033469005
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011465503
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt044934508
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt07131159
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1529863
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2228229
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3166066
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4108697
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt570057
IRS990ScheduleD/OtherSecuritiesGrp/Desc0BUCKEYE POWER
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CAPITAL CERTIFICATES
IRS990ScheduleD/OtherSecuritiesGrp/Desc2NRUCFC
IRS990ScheduleD/OtherSecuritiesGrp/Desc3RESCO
IRS990ScheduleD/OtherSecuritiesGrp/Desc4OTHER
IRS990ScheduleD/OtherSecuritiesGrp/Desc5NATIONAL INFORMATION SOLUTIONS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/RevenueSubtotalAmt018652308
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE COMPLIES WITH ASC 740-10 RELATED TO UNCERTAIN TAX POSITIONS. ASC 740-10 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. MANAGEMENT IS NOT AWARE OF ANY TAX POSITIONS TAKEN BY THE COOPERATIVE ON ITS TAX RETURNS THAT THEY CONSIDER TO BE UNCERTAIN OR THAT WOULD JEOPARDIZE ITS TAX EXEMPT STATUS. TAX RETURNS FOR THE YEARS ENDED 2014, 2015 AND 2016 ARE STILL OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt037063557
IRS990ScheduleD/TotalBookValueSecuritiesAmt08234071
IRS990ScheduleD/TotalExpensesPerForm990Amt016740692
IRS990ScheduleD/TotalRevenuePerForm990Amt018652308
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt018652308
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt016740692
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt03825
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt12550
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1CONSUMER REBATES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt05
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt140
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0WASHINGTON ELECTRIC COOPERATIVE REVIEWS ENROLLMENT AND ACCEPTANCE INFORMATION ON THE SCHOLARSHIP RECIPIENTS' APPLICATIONS. WASHINGTON ELECTRIC COOPERATIVE PROVIDES INCENTIVE REBATES TO MEMBERS WHO HAVE RADIO-CONTROLLED SWITCHES INSTALLED ON THEIR ELECTRIC WATER HEATERS, HEAT PUMPS, GEOTHERMAL SYSTEMS AND WHOLE-HOUSE AIR CONDITIONERS. WECI'S INSTALLER CONDUCTS A FIELD INVESTIGATION DURING INSTALLATION PRIOR TO THE REBATE CHECK BEING ISSUED.

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$52,620,643
Liabilities
$29,075,141
Net assets
$23,545,502
Revenue
$18,652,308
Expenses
$16,740,692
Net income
$1,911,616
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.8$44.1$29.8$24.2$22.8$1.35
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.3$40.9$28.4$22.8$21.6$1.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$67.8$39.8$27.9$21.6$20.6$1.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$63.3$36.0$27.3$19.5$18.4$1.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$62.1$35.5$26.6$18.8$17.7$1.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.3$29.4$26.0$20.3$17.7$2.63
2017Detailed filing. Detailed filing data is available for this year.$52.6$29.1$23.5$18.7$16.7$1.91
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.7$27.4$22.3$18.0$17.0$0.98
2015Detailed filing. Detailed filing data is available for this year.$49.1$27.4$21.7$17.5$17.0$0.56
2014Detailed filing. Detailed filing data is available for this year.$48.3$26.8$21.6$17.9$16.9$1.04
2013Detailed filing. Detailed filing data is available for this year.$46.8$26.1$20.8$17.3$16.6$0.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.6$25.2$20.5$15.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.7$25.8$18.9$15.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.4$21.2$18.1$14.1