Civic Intelligence

Washington Electric Cooperative In

990 • Fiscal year 2018 • EIN 31-4335585

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 06, 2019

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

53rd percentile

0.53x

Higher debt load relative to assets than 53% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

62nd percentile

1.45x

Higher debt load relative to revenue than 62% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Net Margin

92nd percentile

13%

Higher net margin than 92% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

24th percentile

$193,886

Higher top officer pay than 24% of similar nonprofits.

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

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Asset Growth

75th percentile

5.2%

Faster asset growth than 75% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

70th percentile

8.9%

Faster revenue growth than 70% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$55,341,752

Up $5,641,021 (+11%) from 2016

Net Assets

Up

$25,964,754

Up $3,702,155 (+17%) from 2016

Liabilities

Up

$29,376,998

Up $1,938,866 (+7.1%) from 2016

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin92nd percentile

Revenue

Up

$20,319,239

Up $2,302,682 (+13%) from 2016

Expenses

Up

$17,690,877

Up $649,969 (+3.8%) from 2016

Net Income

Up

$2,628,362

Up $1,652,713 (+169%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth75th 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 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

2018

Assets$55,341,752
Liabilities$29,376,998
Net Assets$25,964,754
Open 2018 Filing

Operations Trend

Revenue Growth70th 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 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

2018

Revenue$20,319,239
Expenses$17,690,877
Net Income$2,628,362
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 6, 2019
Return Version
2018v3.1
Gross Receipts
$20,319,239
Mission and Program Overview

Mission

Providing electric power to cooperative members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$37,063,557$40,494,736▲ $3,431,179
Rtn Earn Endowment Incm Other Fnds$23,545,502$25,964,754▲ $2,419,252
Investments Other Securities$8,234,071$8,904,400▲ $670,329
Accounts Receivable$3,223,601$3,196,474▼ $27,127
Cash and Non-Interest-Bearing Accounts$3,184,209$1,932,252▼ $1,251,957
Inventories for Sale or Use$319,623$351,711▲ $32,088
Prepaid Expenses and Deferred Charges$103,056$93,490▼ $9,566
Total Assets$52,620,643$55,341,752▲ $2,721,109
Other Assets Total$492,526$368,689▼ $123,837
Liabilities
Mortgage Notes Payable Secured by Investment Property$25,681,331$25,882,131▲ $200,800
Accounts Payable and Accrued Expenses$3,393,810$3,494,867▲ $101,057
Total Liabilities$29,075,141$29,376,998▲ $301,857
Net Assets / Fund Balance
Total Net Assets Fund Balance$23,545,502$25,964,754▲ $2,419,252
Total Liabilities and Net Assets / Fund Balance$52,620,643$55,341,752▲ $2,721,109

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$37,009,717$11,731,970$48,741,687
Buildings$2,148,202$818,193$2,966,395
Equipment$893,895$1,384,395$2,278,290
Land$442,922-$442,922
Other Securities$80,673--
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jack BraggGeneral Mgr/FT$158,516$35,370$193,886
Jack BraggGeneral Mgr/CEO-$158,516$35,370$193,886
Roger RobertsConstructionFT$140,127$41,463$181,590
Roger RobertsConstruction Foreman-$140,127$41,463$181,590
Jake WellsConstructionFT$111,012$38,651$149,663
Bruce SwopeOperation MaFT$103,315$43,242$146,557
Ryan KeithService CrewFT$105,603$37,941$143,544
Paul FleemanChairman-$6,300$3,944$10,244
Betty MartinSecretary/trPT$7,550$7$7,557
Brent SmithTrustee-$7,300$6$7,306
William BowersockTrusteePT$6,550$3$6,553
Larry UllmanVice ChairmaPT$6,300$4$6,304
Gale DepuyAsst. Sec./tPT$6,200$6$6,206
Shawn RayTrustee-$5,950$6$5,956

Highest Paid Contractors

ContractorServicesLocationCompensation
Asplundh Tree Expert CoRow Cutting1700 SOLUTIONS CENTER, Chicago, IL 60677$697,724
RescoUtil Plant Matl6677 BUSCH BLVD, Columbus, OH 43229$651,369
Vaughn Industries LLCSubstation Cons1201 E FINDLAY ST, Carey, OH 43316$640,682
New River Electric CorpDist/constrctnPO BOX 70, Cloverdale, VA 24077$486,506
Power System Engineering INCEngin Contracto6919 E 10TH ST E1A, Indianapolis, IN 46219$334,240
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$19,008,536
Investment Income
$144,015
Other Revenue
$1,166,688
Change in Net Assets
$2,628,362

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,319,239
Total Revenue per Audited Statements
$20,319,239
Total Revenue per Form 990
$20,319,239
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,666,280
Salaries, Compensation, and Employee Benefits$2,002,448
Grants and Similar Amounts Paid$22,149
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,499,654--$1,499,654
Interest$1,131,969--$1,131,969
Other Salaries and Wages$1,068,924--$1,068,924
Other Expenses$508,420--$508,420
All Other Expenses$450,687--$450,687
Other Employee Benefits$333,222--$333,222
Pension Plan Contributions$292,021--$292,021
Current Officers, Directors, Trustees, and Key Employees$204,666--$204,666
Office Expenses$164,411--$164,411
Fees for Services Management$104,024--$104,024
Payroll Taxes$103,615--$103,615
Information Technology$81,542--$81,542
Insurance$58,968--$58,968
Fees for Services Other$58,373--$58,373
Fees for Services Accounting$17,320--$17,320
Travel$13,707--$13,707
Grants to Domestic Orgs$11,941--$11,941
Grants to Domestic Individuals$10,208--$10,208
Advertising$10,079--$10,079
Fees for Services Legal$6,303--$6,303
Conferences and Meetings$881--$881
Total Functional Expenses$17,690,877$0$0$17,690,877

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,690,877
Total Expenses per Audited Statements$17,690,877
Total Expenses per Form 990$17,690,877
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
Betty MartinTrusteeOhio 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
2019-11-06
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
29

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 -188,510 unrel loss related to nonpension postretire benefi -20,600 total -209,110”

Financial Statement Notes

Schedule D, Page 3, Part X

“The cooperative complies with accounting standards codification (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 2015, 2016 and 2017 are still open and subject to examination by the internal revenue service.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY/TR
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IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASST. SEC./T
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7GENERAL MGR/
IRS990/Form990PartVIISectionAGrp/TitleTxt8CONSTRUCTION
IRS990/Form990PartVIISectionAGrp/TitleTxt9CONSTRUCTION
IRS990/Form990PartVIISectionAGrp/TitleTxt10SERVICE CREW
IRS990/Form990PartVIISectionAGrp/TitleTxt11OPERATION MA
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IRS990/FormationYr01936
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt022149
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt010208
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt010208
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt011941
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/ProgramServicesAmt081542
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IRS990/InsuranceGrp/ProgramServicesAmt058968
IRS990/InsuranceGrp/TotalAmt058968
IRS990/InterestGrp/ProgramServicesAmt01131969
IRS990/InterestGrp/TotalAmt01131969
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IRS990/LegalDomicileStateCd0OH
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IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDING ELECTRIC POWER TO COOPERATIVE MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesBOYAmt023545502
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IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt024297
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt024297
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0204362
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0204362
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt0164411
IRS990/OfficeExpensesGrp/TotalAmt0164411
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0492526
IRS990/OtherAssetsTotalGrp/EOYAmt0368689
IRS990/OtherChangesInNetAssetsAmt0-209110
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0333222
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0333222
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION - MAINTENANC
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION - OPERATION
IRS990/OtherExpensesGrp/Desc3EXCISE TAX
IRS990/OtherExpensesGrp/ProgramServicesAmt09908016
IRS990/OtherExpensesGrp/ProgramServicesAmt11017687
IRS990/OtherExpensesGrp/ProgramServicesAmt2634239
IRS990/OtherExpensesGrp/ProgramServicesAmt3508420
IRS990/OtherExpensesGrp/TotalAmt09908016
IRS990/OtherExpensesGrp/TotalAmt11017687
IRS990/OtherExpensesGrp/TotalAmt2634239
IRS990/OtherExpensesGrp/TotalAmt3508420
IRS990/OtherRevenueMiscGrp/Desc0PATRONAGE CAP FROM ASSOC ORG
IRS990/OtherRevenueMiscGrp/ExclusionAmt0962326
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0962326
IRS990/OtherRevenueTotalAmt0962326
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01068924
IRS990/OtherSalariesAndWagesGrp/TotalAmt01068924
IRS990/OtherSourcesGrossIncomeAmt01310703
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0103615
IRS990/PayrollTaxesGrp/TotalAmt0103615
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0292021
IRS990/PensionPlanContributionsGrp/TotalAmt0292021
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0103056
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt093490
IRS990/PrincipalOfficerNm0PAUL FLEEMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SALE OF ELECTRICITY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt019008536
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019008536
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt022723
IRS990/PYInvestmentIncomeAmt0135242
IRS990/PYOtherExpensesAmt014662602
IRS990/PYOtherRevenueAmt0934301
IRS990/PYProgramServiceRevenueAmt017582765
IRS990/PYRevenuesLessExpensesAmt01911616
IRS990/PYSalariesCompEmpBnftPaidAmt02055367
IRS990/PYTotalExpensesAmt016740692
IRS990/PYTotalRevenueAmt018652308
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt02628362
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0204362
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt023545502
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt025964754
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02148202
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0818193
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02966395
IRS990ScheduleD/EquipmentGrp/BookValueAmt0893895
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01384395
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02278290
IRS990ScheduleD/ExpensesSubtotalAmt017690877
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0442922
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0442922
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt037009717
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011731970
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt048741687
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt07745271
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1529537
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2252203
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3176740
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4119976
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt580673
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/RevenueSubtotalAmt020319239
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE COMPLIES WITH ACCOUNTING STANDARDS CODIFICATION (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 2015, 2016 AND 2017 ARE STILL OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueSecuritiesAmt08904400
IRS990ScheduleD/TotalExpensesPerForm990Amt017690877
IRS990ScheduleD/TotalRevenuePerForm990Amt020319239
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt020319239
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt03750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt16458
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1CONSUMER REBATES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt04
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt127
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.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt031652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt117368
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt03718

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,341,752
Liabilities
$29,376,998
Net assets
$25,964,754
Revenue
$20,319,239
Expenses
$17,690,877
Net income
$2,628,362
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
2018Detailed filing. Detailed filing data is available for this year.$55.3$29.4$26.0$20.3$17.7$2.63
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