Civic Intelligence

Adams Electric Cooperative

990 • Fiscal year 2018 • EIN 37-0147965

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 25, 2019

Organization Profilewww.adamselectric.coop
PO Box 247Camp Point, IL 62320-0247

(217) 593-7701

Siviq Scores

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

Liabilities / Assets

76th percentile

0.61x

Higher debt load relative to assets than 76% of similar nonprofits.

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

Liabilities / Revenue

57th percentile

1.39x

Higher debt load relative to revenue than 57% of similar nonprofits.

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

Net Margin

47th percentile

0.0%

Higher net margin than 47% of similar nonprofits.

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

Top Officer Pay

60th percentile

$271,508

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

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

Asset Growth

38th percentile

2.4%

Faster asset growth than 38% of similar nonprofits.

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

Revenue Growth

54th percentile

5.3%

Faster revenue growth than 54% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$56,388,608

Up $1,309,337 (+2.4%) from 2017

Net Assets

Up

$21,857,873

Up $755,951 (+3.6%) from 2017

Liabilities

Up

$34,530,735

Up $553,386 (+1.6%) from 2017

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin47th percentile

Revenue

Up

$24,756,557

Up $1,257,122 (+5.3%) from 2017

Expenses

Up

$24,756,557

Up $2,740,587 (+12%) from 2017

Net Income

Down

$0

Down $1,483,465 (-100%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$80M$60M$40M$20M$0Assets 2010: $45,932,828Liabilities 2010: $31,848,928Net Assets 2010: $14,083,9002010Assets 2011: $49,307,584Liabilities 2011: $34,219,222Net Assets 2011: $15,088,3622011Assets 2012: $50,569,330Liabilities 2012: $35,359,268Net Assets 2012: $15,210,0622012Assets 2013: $52,221,337Liabilities 2013: $35,489,197Net Assets 2013: $16,732,1402013Assets 2014: $52,191,543Liabilities 2014: $35,012,999Net Assets 2014: $17,178,5442014Assets 2015: $53,115,401Liabilities 2015: $34,763,625Net Assets 2015: $18,351,7762015Assets 2016: $53,850,298Liabilities 2016: $34,233,581Net Assets 2016: $19,616,7172016Assets 2017: $55,079,271Liabilities 2017: $33,977,349Net Assets 2017: $21,101,9222017Assets 2018: $56,388,608Liabilities 2018: $34,530,735Net Assets 2018: $21,857,8732018Assets 2019: $58,009,563Liabilities 2019: $34,658,823Net Assets 2019: $23,350,7402019Assets 2020: $58,919,326Liabilities 2020: $34,176,022Net Assets 2020: $24,743,3042020Assets 2021: $61,998,273Liabilities 2021: $35,865,355Net Assets 2021: $26,132,9182021Assets 2022: $65,386,496Liabilities 2022: $37,673,627Net Assets 2022: $27,712,8692022Assets 2023: $68,418,571Liabilities 2023: $39,137,607Net Assets 2023: $29,280,9642023Assets 2024: $70,640,838Liabilities 2024: $39,686,041Net Assets 2024: $30,954,7972024

Highlighted filing

2018

Assets$56,388,608
Liabilities$34,530,735
Net Assets$21,857,873
Open 2018 Filing

Operations Trend

Revenue Growth54th percentile

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

$30M$20M$10M$0Expenses 2010: $18,804,6032010Expenses 2011: $20,615,8482011Expenses 2012: $20,621,4792012Revenue 2013: $22,288,003Expenses 2013: $20,767,625Net Income 2013: $1,520,3782013Revenue 2014: $22,794,453Expenses 2014: $22,349,699Net Income 2014: $444,7542014Revenue 2015: $22,866,034Expenses 2015: $21,694,487Net Income 2015: $1,171,5472015Revenue 2016: $23,065,928Expenses 2016: $21,802,662Net Income 2016: $1,263,2662016Revenue 2017: $23,499,435Expenses 2017: $22,015,970Net Income 2017: $1,483,4652017Revenue 2018: $24,756,557Expenses 2018: $24,756,557Net Income 2018: $02018Revenue 2019: $25,451,083Expenses 2019: $25,451,083Net Income 2019: $02019Revenue 2020: $24,279,830Expenses 2020: $24,279,830Net Income 2020: $02020Revenue 2021: $24,960,832Expenses 2021: $24,960,832Net Income 2021: $02021Revenue 2022: $26,550,065Expenses 2022: $26,550,065Net Income 2022: $02022Revenue 2023: $28,115,186Expenses 2023: $28,115,186Net Income 2023: $02023Revenue 2024: $28,284,162Expenses 2024: $28,284,162Net Income 2024: $02024

Highlighted filing

2018

Revenue$24,756,557
Expenses$24,756,557
Net Income$0
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 25, 2019
Return Version
2018v3.1
Gross Receipts
$24,756,557
Mission and Program Overview

Mission

To provide electric energy to our members on a cooperative basis.

Provide electric service to over 8,500 members on a cooperative basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$38,791,137$39,895,299▲ $1,104,162
Rtn Earn Endowment Incm Other Fnds$20,930,727$21,685,033▲ $754,306
Investments Program Related$11,757,258$12,124,449▲ $367,191
Accounts Receivable$2,464,291$2,325,478▼ $138,813
Inventories for Sale or Use$719,933$864,950▲ $145,017
Other Notes and Loans Receivable, Net$562,747$425,516▼ $137,231
Savings and Temporary Cash Investments$313,905$346,003▲ $32,098
Cash and Non-Interest-Bearing Accounts$256,524$326,964▲ $70,440
Cap Stk Tr Prin Current Funds$171,195$172,840▲ $1,645
Prepaid Expenses and Deferred Charges$213,476$79,949▼ $133,527
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$55,079,271$56,388,608▲ $1,309,337
Liabilities
Mortgage Notes Payable Secured by Investment Property$29,316,069$30,190,835▲ $874,766
Accounts Payable and Accrued Expenses$2,043,731$1,938,344▼ $105,387
Tax Exempt Bond Liabilities$1,688,080$1,478,492▼ $209,588
Other Liabilities$929,469$923,064▼ $6,405
Total Liabilities$33,977,349$34,530,735▲ $553,386
Net Assets / Fund Balance
Total Net Assets Fund Balance$21,101,922$21,857,873▲ $755,951
Total Liabilities and Net Assets / Fund Balance$55,079,271$56,388,608▲ $1,309,337

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$39,271,695$20,131,824$59,403,519
Buildings$534,529$1,292,446$1,826,975
Land$89,075-$89,075
Investment Program Related Org$852,730--
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James ThompsonGeneral ManagerFT$185,624$85,884$271,508
Steve JenningsManager of FinanceFT$114,979$53,951$168,930
Tim BrechtManager of Eng & OperFT$106,125$57,402$163,527
Mike OlsonLine ForemanFT$113,686$42,990$156,676
Duane JonesLine ForemanFT$106,643$33,035$139,678
Chad ReischeLine ForemanFT$111,652$23,721$135,373
Gary WagnerJourneyman LinemanFT$115,297$18,556$133,853
Tom TravisDirectorPT$4,350-$4,350
Rebecca BarlowVice President-$4,200-$4,200
Kris FarwellTreasurer-$4,000-$4,000
Jim BenzDirectorPT$3,800-$3,800
Laura MeyerSecretary-$3,800-$3,800
Alan AchesonDirector-$3,400-$3,400
Roger BusenPresident-$3,000-$3,000
Lyle WanerDirector-$2,000-$2,000
Jim WardDirector-$1,650-$1,650

Highest Paid Contractors

ContractorServicesLocationCompensation
Grizzly Tree & VegetationROW Clearing213 N Illinois St, Camp Point, IL 62320$158,850
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$24,712,943
Investment Income
$43,614
Other Revenue
$0
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,756,557
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$24,756,557
Total Revenue per Form 990
$24,756,557
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,859,007
Salaries, Compensation, and Employee Benefits$470,638
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$1,770,991
Benefits to Members---$1,426,912
Interest---$1,316,974
All Other Expenses---$849,395
Current Officers, Directors, Trustees, and Key Employees---$470,638
Other Expenses---$21,465
Total Functional Expenses$0$0$0$24,756,557

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$24,756,557
Expenses per Audited Statements$23,329,645
Total Expenses per Audited Statements$23,329,645
Expenses Not Reported on Financial Statements$1,426,912
Other Expense Adjustments$1,426,912
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regulatory Credits$802,961
Customer Deposits$120,103
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, line 6

“The cooperative is a membership organization.”

Form 990, Part VI, Section A, line 7A

“Each member of the cooperative shall be entitled to vote in the election of the Board of Directors.”

Form 990, Part VI, Section B, line 11B

“The cooperative emails the Board of Directors the form 990 and if requested the 990 may be reviewed during Board meetings with or without a third party preparer.”

Form 990, Part VI, Section B, line 12C

“The Board and General Manager both monitor compliance with the conflict of interest policy.”

Form 990, Part VI, Section B, line 15

“The process of determinng the CEO's compensation by the Adams Electric Cooperative board of directors included a reiew of the CEO's performance, comparisons of the CEO salaries in the state of Illinois and in the Midwest, and an in depth deliberation before the ultimate decision was made setting the CEO's compensation. All of this is set forth in the minutes of the Adams Electric Cooperatie Board of Directors.”

Form 990, Part VI, Section C, line 19

“These policies are offered to all new members and are available at any time upon request.”

Filing and Contact Details

Filer

Filer Name
Adams Electric Cooperative
EIN
37-0147965
Phone
2175937701
Address
PO Box 247, Camp Point, IL 62320-0247

Signing Officer

Name
James H Thompson
Title
General Manager
Phone
2175937701
Signed
2019-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James H Thompson
Formed
1938
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
40
Volunteers
0

Preparer

Firm
Jackson Thornton & Co PC
Address
PO Box 96, Montgomery, AL 36101-0096
Preparer
Patrick Cooper
Phone
3348347660
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 4

“The instructions to the 2018 Form 990 indicate that organizations exempt under Section 501(c)(12) should report "patronage dividends paid" to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2018. For 2017 the Cooperative used margins retired rather than margins assigned.”

Form 990, Part XI, line 9:

“Capital Credit Retirements -690,891. Change in Memberships 1,645. Other Changes 18,285. Assignment of Current Year Margins to Members 1,426,912.”

Financial Statement Notes

Part X, Line 2:

“The Cooperative has a letter of exemption from federal income tax, issued by the Internal Revenue Service and files IRS Form 990 annually. An evaluation of whether or not it has any uncertain tax positions is determined on an annual basis by the Cooperative. While the Cooperative believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could be different than the positions taken by the Cooperative. The Cooperative recognizes any interest and penalties assessed by taxing authorities in income tax expense and, with few exceptions, is no longer subject to federal, state, or local income tax examinations by tax authorities for years before 2015.”

Part XII, Line 4B - Other Adjustments:

“Allocation of margins to members”

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IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9General Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt10Manager of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt11Journeyman Lineman
IRS990/Form990PartVIISectionAGrp/TitleTxt12Line Foreman
IRS990/Form990PartVIISectionAGrp/TitleTxt13Line Foreman
IRS990/Form990PartVIISectionAGrp/TitleTxt14Line Foreman
IRS990/Form990PartVIISectionAGrp/TitleTxt15Manager of Eng & Oper
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt024756557
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt01316974
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0719933
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0864950
IRS990/InvestmentIncomeGrp/ExclusionAmt043614
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt043614
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt011757258
IRS990/InvestmentsProgramRelatedGrp/EOYAmt012124449
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt021424270
IRS990/LandBldgEquipBasisNetGrp/BOYAmt038791137
IRS990/LandBldgEquipBasisNetGrp/EOYAmt039895299
IRS990/LandBldgEquipCostOrOtherBssAmt061319569
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt023777434
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide electric energy to our members on a cooperative basis.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt029316069
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt030190835
IRS990/NetAssetsOrFundBalancesBOYAmt021101922
IRS990/NetAssetsOrFundBalancesEOYAmt021857873
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0755951
IRS990/OtherExpensesGrp/Desc0Purchased & Generated P
IRS990/OtherExpensesGrp/Desc1Distribution Expense -
IRS990/OtherExpensesGrp/Desc2Administration
IRS990/OtherExpensesGrp/Desc3Non-operating Margins
IRS990/OtherExpensesGrp/TotalAmt015564676
IRS990/OtherExpensesGrp/TotalAmt12488272
IRS990/OtherExpensesGrp/TotalAmt2847234
IRS990/OtherExpensesGrp/TotalAmt321465
IRS990/OtherLiabilitiesGrp/BOYAmt0929469
IRS990/OtherLiabilitiesGrp/EOYAmt0923064
IRS990/OtherSourcesGrossIncomeAmt01189268
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0562747
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0425516
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0213476
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt079949
IRS990/PrincipalOfficerNm0James H Thompson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0Energy Sales
IRS990/ProgramServiceRevenueGrp/Desc1Capital Credits
IRS990/ProgramServiceRevenueGrp/Desc2Other Electric Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt023345944
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11145654
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2221345
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023345944
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11145654
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2221345
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt038891
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt044568
IRS990/PYOtherExpensesAmt021736885
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt023454867
IRS990/PYRevenuesLessExpensesAmt01483465
IRS990/PYSalariesCompEmpBnftPaidAmt0240194
IRS990/PYTotalExpensesAmt022015970
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt023499435
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt024756557
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt020930727
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt021685033
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0313905
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0346003
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0534529
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01292446
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01826975
IRS990ScheduleD/EquipmentGrp/BookValueAmt039271695
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020131824
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059403519
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01426912
IRS990ScheduleD/ExpensesSubtotalAmt023329645
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt06957992
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1749510
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2248261
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt32962278
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4198448
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5155230
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt6852730
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Patronage - Prairie Power
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1Patronage - NRUCFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2Patronage Capital - CoBank
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3Equity contribution - Prairie Power, Inc.
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4Federated Insurance
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5Other Cooperatives
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6NRUCFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/LandGrp/BookValueAmt089075
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt089075
IRS990ScheduleD/OtherExpensesNotIncludedAmt01426912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0802961
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1120103
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Regulatory Credits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Customer Deposits
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt024756557
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Cooperative has a letter of exemption from federal income tax, issued by the Internal Revenue Service and files IRS Form 990 annually. An evaluation of whether or not it has any uncertain tax positions is determined on an annual basis by the Cooperative. While the Cooperative believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could be different than the positions taken by the Cooperative. The Cooperative recognizes any interest and penalties assessed by taxing authorities in income tax expense and, with few exceptions, is no longer subject to federal, state, or local income tax examinations by tax authorities for years before 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Allocation of margins to members
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt039895299
IRS990ScheduleD/TotalBookValueProgramRltdAmt012124449
IRS990ScheduleD/TotalExpensesPerForm990Amt024756557
IRS990ScheduleD/TotalLiabilityAmt0923064
IRS990ScheduleD/TotalRevenuePerForm990Amt024756557
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt024756557
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt023329645
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0185624
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1114979
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2113686
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3106125
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount025237
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt045549
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt144605
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt223732
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt336834
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt015098
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt19346
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt219258

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$56,388,608
Liabilities
$34,530,735
Net assets
$21,857,873
Revenue
$24,756,557
Expenses
$24,756,557
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$70.6$39.7$31.0$28.3$28.3$0.00
2023Detailed filing. Detailed filing data is available for this year.$68.4$39.1$29.3$28.1$28.1$0.00
2022Detailed filing. Detailed filing data is available for this year.$65.4$37.7$27.7$26.6$26.6$0.00
2021Detailed filing. Detailed filing data is available for this year.$62.0$35.9$26.1$25.0$25.0$0.00
2020Detailed filing. Detailed filing data is available for this year.$58.9$34.2$24.7$24.3$24.3$0.00
2019Detailed filing. Detailed filing data is available for this year.$58.0$34.7$23.4$25.5$25.5$0.00
2018Detailed filing. Detailed filing data is available for this year.$56.4$34.5$21.9$24.8$24.8$0.00
2017Detailed filing. Detailed filing data is available for this year.$55.1$34.0$21.1$23.5$22.0$1.48
2016Detailed filing. Detailed filing data is available for this year.$53.9$34.2$19.6$23.1$21.8$1.26
2015Detailed filing. Detailed filing data is available for this year.$53.1$34.8$18.4$22.9$21.7$1.17
2014Detailed filing. Detailed filing data is available for this year.$52.2$35.0$17.2$22.8$22.3$0.44
2013Detailed filing. Detailed filing data is available for this year.$52.2$35.5$16.7$22.3$20.8$1.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.6$35.4$15.2$20.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.3$34.2$15.1$20.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.9$31.8$14.1$18.8