Civic Intelligence

Spoon River Electric Cooperative

990 • Fiscal year 2017 • EIN 37-0527067

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 11, 2018

930 South Fifth AveCanton, IL 61520

(309) 647-2700

Siviq Scores

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

Liabilities / Assets

46th percentile

0.51x

Higher debt load relative to assets than 46% of similar nonprofits.

2017 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

57th percentile

1.59x

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

2017 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2017

Net Margin

52nd percentile

2.2%

Higher net margin than 52% of similar nonprofits.

2017 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

46th percentile

$185,046

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2017 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2017

Asset Growth

54th percentile

2.6%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2015 to 2017

Revenue Growth

14th percentile

-2.5%

Faster revenue growth than 14% of similar nonprofits.

2017 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2015 to 2017

Assets

Up

$31,337,680

Up $1,557,590 (+5.2%) from 2015

Net Assets

Up

$15,409,885

Up $1,137,009 (+8.0%) from 2015

Liabilities

Up

$15,927,795

Up $420,581 (+2.7%) from 2015

Revenue

Down

$10,000,850

Down $513,962 (-4.9%) from 2015

Expenses

Down

$9,778,398

Down $422,978 (-4.1%) from 2015

Net Income

Down

$222,452

Down $90,984 (-29%) from 2015

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $24,524,435Liabilities 2010: $13,247,214Net Assets 2010: $11,277,2212010Assets 2011: $25,555,297Liabilities 2011: $13,745,907Net Assets 2011: $11,809,3902011Assets 2012: $26,183,369Liabilities 2012: $13,589,896Net Assets 2012: $12,593,4732012Assets 2013: $27,575,860Liabilities 2013: $14,019,718Net Assets 2013: $13,556,1422013Assets 2014: $28,452,946Liabilities 2014: $14,902,745Net Assets 2014: $13,550,2012014Assets 2015: $29,780,090Liabilities 2015: $15,507,214Net Assets 2015: $14,272,8762015Assets 2017: $31,337,680Liabilities 2017: $15,927,795Net Assets 2017: $15,409,8852017Assets 2018: $31,987,401Liabilities 2018: $16,199,361Net Assets 2018: $15,788,0402018Assets 2019: $32,503,424Liabilities 2019: $16,073,856Net Assets 2019: $16,429,5682019Assets 2020: $33,263,922Liabilities 2020: $16,754,943Net Assets 2020: $16,508,9792020Assets 2021: $34,615,741Liabilities 2021: $16,783,330Net Assets 2021: $17,832,4112021Assets 2022: $36,157,982Liabilities 2022: $18,087,761Net Assets 2022: $18,070,2212022Assets 2023: $37,342,598Liabilities 2023: $18,473,296Net Assets 2023: $18,869,3022023Assets 2024: $39,502,795Liabilities 2024: $20,062,958Net Assets 2024: $19,439,8372024

Highlighted filing

2017

Assets$31,337,680
Liabilities$15,927,795
Net Assets$15,409,885

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $8,980,2352010Expenses 2011: $10,017,4762011Expenses 2012: $9,226,8862012Revenue 2013: $10,243,201Expenses 2013: $9,736,566Net Income 2013: $506,6352013Revenue 2014: $10,281,098Expenses 2014: $10,916,184Net Income 2014: -$635,0862014Revenue 2015: $10,514,812Expenses 2015: $10,201,376Net Income 2015: $313,4362015Revenue 2017: $10,000,850Expenses 2017: $9,778,398Net Income 2017: $222,4522017Revenue 2018: $11,096,283Expenses 2018: $10,864,504Net Income 2018: $231,7792018Revenue 2019: $11,260,678Expenses 2019: $10,635,358Net Income 2019: $625,3202019Revenue 2020: $10,938,788Expenses 2020: $10,853,299Net Income 2020: $85,4892020Revenue 2021: $11,600,803Expenses 2021: $10,333,899Net Income 2021: $1,266,9042021Revenue 2022: $11,269,227Expenses 2022: $11,032,362Net Income 2022: $236,8652022Revenue 2023: $12,292,423Expenses 2023: $11,494,122Net Income 2023: $798,3012023Revenue 2024: $12,488,219Expenses 2024: $11,764,669Net Income 2024: $723,5502024

Highlighted filing

2017

Revenue$10,000,850
Expenses$9,778,398
Net Income$222,452
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 11, 2018
Return Version
2017v2.3
Gross Receipts
$10,316,945
Mission and Program Overview

Mission

The cooperative's primary mission is to provide electric service to its approximately 4,850 members located in five counties in west central illinois.

The primary exempt purpose of the cooperative is to provide electric service to approximately 5,000 members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$21,481,095$22,026,930▲ $545,835
Rtn Earn Endowment Incm Other Fnds$14,962,016$15,227,191▲ $265,175
Investments Other Securities$6,702,670$6,649,684▼ $52,986
Accounts Receivable$1,489,917$1,530,511▲ $40,594
Prepaid Expenses and Deferred Charges$618,785$515,248▼ $103,537
Cash and Non-Interest-Bearing Accounts$202,442$317,967▲ $115,525
Inventories for Sale or Use$331,544$297,340▼ $34,204
Cap Stk Tr Prin Current Funds$107,510$108,375▲ $865
Pd in Cap Srpls Land Bldg Eqp Fund$74,319$74,319→ $0
Total Assets$30,826,453$31,337,680▲ $511,227
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,175,986$14,250,587▲ $74,601
Accounts Payable and Accrued Expenses$886,840$1,181,211▲ $294,371
Other Liabilities$619,782$495,997▼ $123,785
Total Liabilities$15,682,608$15,927,795▲ $245,187
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,143,845$15,409,885▲ $266,040
Total Liabilities and Net Assets / Fund Balance$30,826,453$31,337,680▲ $511,227

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$20,245,662$8,306,102$28,551,764
Equipment$1,444,582$2,230,670$3,675,252
Buildings$190,112$458,744$648,856
Land$146,574-$146,574
Other Securities$14,527--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William R DoddsPresident/CEOFT$143,890$41,156$185,046
Donald SchrodtJourneyman LinemanFT$117,036$30,858$147,894
Dusty WintermoteLine ForemanFT$124,942$22,173$147,115
Robert PowerJourneyman LinemanFT$102,651$21,642$124,293
Cody SchallCFOFT$42,809$18,289$61,098
Bernard MarvelChairman-$4,985$4$4,989
Jodee PedigoDirector-$4,440$10$4,450
Terry BeamVice Chairman-$3,800$6$3,806
Lyle NelsonTreasurer-$3,700$6$3,706
James BanksDirector-$3,330$4$3,334
Robert LascellesDirector-$2,775$10$2,785
Jack ClarkSecretary-$2,590$4$2,594
John SpanglerDirector-$2,220$10$2,230
Wesley StrodeDirector-$1,295$5$1,300
Gregory LeighDirector-$925$2$927
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,045,604
Investment Income
$-254,884
Other Revenue
$210,130
Change in Net Assets
$222,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,095,742
Salaries, Compensation, and Employee Benefits$1,543,476
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$722,321$80,755-$803,076
Interest$726,505--$726,505
Depreciation Depletion$400,220--$400,220
Pension Plan Contributions$338,658--$338,658
Current Officers, Directors, Trustees, and Key Employees-$325,287-$325,287
Benefits to Members$139,180--$139,180
Office Expenses$137,890--$137,890
Insurance$76,746--$76,746
Payroll Taxes$76,455--$76,455
Other Expenses$39,363$44,420-$39,363
Fees for Services Legal-$12,250-$12,250
Total Functional Expenses$9,315,686$462,712$0$9,778,398
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
Customer Deposits$275,338
Post-retirement Obligation$140,905
Deferred Credits$79,754
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
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, Part VI, Section A, line 6

Spoon river electric cooperative is an electric distribution cooperative consisting of approximately 5,000 members. Each customer of the cooperative receiving electical service is a member.

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

The cooperative is divided into districts. The members are allowed to vote for the election of a director to represent each district.

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

Coopeerative members are allowed to vote on proposed bylaw changes during the annual membership meeting.

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

The form 990 is prepared by the cooperative's independent auditor. It is presented for review after it has been filed. If discrepancies are found, an amended return will be filed.

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

The cooperative has a written conflict of interest policy. Board members, management and all other personnel are required to provide written certification annually.

Form 990, Part VI, Section C, line 19

All new members are provided with a printed copy of the bylaws. The cooperative provides all active members financial statements prior to the annual meeting. Policies and other financial information is available to members upon request.

Filing and Contact Details

Filer

Filer Name
Spoon River Electric Cooperative
EIN
37-0527067
Phone
3096472700
Address
930 SOUTH FIFTH AVE, CANTON, IL 61520

Signing Officer

Name
William R Dodds
Title
President/CEO
Phone
3096472700
Signed
2018-09-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William R Dodds
Formed
1939
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
36
Volunteers
0

Preparer

Firm
Kerber Eck & Braeckel LLP
Address
1116 West Main, Carbondale, IL 62901-2335
Preparer
Amber Halstead
Phone
6185291040
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Changes in other equities 185,783. Other adjustments to net assets -142,195.

Financial Statement Notes

Part X, Line 2:

The cooperative has been granted tax exempt status by the internal revenue service under section 501(c)(12) and the state of illinois. Therefore, the cooperative does not include a provision for income taxes except for taxes on unrelated business income. The cooperative reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. The cooperative recognizes tax benefits from uncertain tax positions only if it is more li kely than not that the tax positions will be sustained on examination by taxing authorities, based on the technical merits of the positions. The cooperative has identified no significant income tax uncertainties.

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IRS990/InventoriesForSaleOrUseGrp/EOYAmt0297340
IRS990/InvestmentIncomeGrp/ExclusionAmt057097
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt057097
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt06702670
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt06649684
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010995516
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021481095
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022026930
IRS990/LandBldgEquipCostOrOtherBssAmt033022446
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0316095
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt09909018
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE COOPERATIVE'S PRIMARY MISSION IS TO PROVIDE ELECTRIC SERVICE TO ITS APPROXIMATELY 5,000 MEMBERS LOCATED IN FIVE COUNTIES IN WEST CENTRAL ILLINOIS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt014175986
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt014250587
IRS990/NetAssetsOrFundBalancesBOYAmt015143845
IRS990/NetAssetsOrFundBalancesEOYAmt015409885
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-311981
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-311981
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0137890
IRS990/OfficeExpensesGrp/TotalAmt0137890
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt043588
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND DISTRIB
IRS990/OtherExpensesGrp/Desc2GENERAL AND ADMINISTRAT
IRS990/OtherExpensesGrp/Desc3CUSTOMER ACCOUNTS EXPEN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt044420
IRS990/OtherExpensesGrp/ProgramServicesAmt05533093
IRS990/OtherExpensesGrp/ProgramServicesAmt11125255
IRS990/OtherExpensesGrp/ProgramServicesAmt239363
IRS990/OtherExpensesGrp/TotalAmt05533093
IRS990/OtherExpensesGrp/TotalAmt11125255
IRS990/OtherExpensesGrp/TotalAmt244420
IRS990/OtherExpensesGrp/TotalAmt339363
IRS990/OtherLiabilitiesGrp/BOYAmt0619782
IRS990/OtherLiabilitiesGrp/EOYAmt0495997
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/BusinessCd1221000
IRS990/OtherRevenueMiscGrp/Desc0PATRONAGE CAPITAL CREDITS
IRS990/OtherRevenueMiscGrp/Desc1OTHER NON-OPERATING-NET
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0436418
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-226288
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0436418
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-226288
IRS990/OtherRevenueTotalAmt0210130
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt080755
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0722321
IRS990/OtherSalariesAndWagesGrp/TotalAmt0803076
IRS990/OtherSourcesGrossIncomeAmt0339864
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt076455
IRS990/PayrollTaxesGrp/TotalAmt076455
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt074319
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt074319
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0338658
IRS990/PensionPlanContributionsGrp/TotalAmt0338658
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0618785
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0515248
IRS990/PrincipalOfficerNm0WILLIAM R DODDS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC SALES
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS ELECTRIC SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09909018
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1136586
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09909018
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1136586
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0381326
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt091601
IRS990/PYOtherExpensesAmt09537363
IRS990/PYOtherRevenueAmt0460282
IRS990/PYProgramServiceRevenueAmt010034098
IRS990/PYRevenuesLessExpensesAmt0384605
IRS990/PYSalariesCompEmpBnftPaidAmt0282687
IRS990/PYTotalExpensesAmt010201376
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010585981
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0222452
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09943753
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt014962016
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt015227191
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0190112
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0458744
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0648856
IRS990ScheduleD/EquipmentGrp/BookValueAmt01444582
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02230670
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03675252
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0146574
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0146574
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020245662
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08306102
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt028551764
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0275338
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt179754
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2140905
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED CREDITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2POST-RETIREMENT OBLIGATION
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0597631
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1596862
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21194662
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt34246002
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt414527
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CAPITAL TERM CERTIFICATES - NRUCFC
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PATRONAGE CAPITAL FROM ASSOCIATED ORGANIZATIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INVESTMENT IN SUBSIDIARY
IRS990ScheduleD/OtherSecuritiesGrp/Desc3EQUITY INVESTMENT IN POWER SUPPLIER
IRS990ScheduleD/OtherSecuritiesGrp/Desc4OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE HAS BEEN GRANTED TAX EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(12) AND THE STATE OF ILLINOIS. THEREFORE, THE COOPERATIVE DOES NOT INCLUDE A PROVISION FOR INCOME TAXES EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME. THE COOPERATIVE REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THE COOPERATIVE RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LI KELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE COOPERATIVE HAS IDENTIFIED NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022026930
IRS990ScheduleD/TotalBookValueSecuritiesAmt06649684
IRS990ScheduleD/TotalLiabilityAmt0495997
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0143890
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt030680
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt09694
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt0782
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM R DODDS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0185046
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SPOON RIVER ELECTRIC COOPERATIVE IS AN ELECTRIC DISTRIBUTION COOPERATIVE CONSISTING OF APPROXIMATELY 5,000 MEMBERS. EACH CUSTOMER OF THE COOPERATIVE RECEIVING ELECTICAL SERVICE IS A MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COOPERATIVE IS DIVIDED INTO DISTRICTS. THE MEMBERS ARE ALLOWED TO VOTE FOR THE ELECTION OF A DIRECTOR TO REPRESENT EACH DISTRICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COOPEERATIVE MEMBERS ARE ALLOWED TO VOTE ON PROPOSED BYLAW CHANGES DURING THE ANNUAL MEMBERSHIP MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS PREPARED BY THE COOPERATIVE'S INDEPENDENT AUDITOR. IT IS PRESENTED FOR REVIEW AFTER IT HAS BEEN FILED. IF DISCREPANCIES ARE FOUND, AN AMENDED RETURN WILL BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COOPERATIVE HAS A WRITTEN CONFLICT OF INTEREST POLICY. BOARD MEMBERS, MANAGEMENT AND ALL OTHER PERSONNEL ARE REQUIRED TO PROVIDE WRITTEN CERTIFICATION ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL NEW MEMBERS ARE PROVIDED WITH A PRINTED COPY OF THE BYLAWS. THE COOPERATIVE PROVIDES ALL ACTIVE MEMBERS FINANCIAL STATEMENTS PRIOR TO THE ANNUAL MEETING. POLICIES AND OTHER FINANCIAL INFORMATION IS AVAILABLE TO MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHANGES IN OTHER EQUITIES 185,783. OTHER ADJUSTMENTS TO NET ASSETS -142,195.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, line 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$39.5$20.1$19.4$12.5$11.8$0.72
2023Detailed filing. Detailed filing data is available for this year.$37.3$18.5$18.9$12.3$11.5$0.80
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.2$18.1$18.1$11.3$11.0$0.24
2021Detailed filing. Detailed filing data is available for this year.$34.6$16.8$17.8$11.6$10.3$1.27
2020Detailed filing. Detailed filing data is available for this year.$33.3$16.8$16.5$10.9$10.9$0.09
2019Detailed filing. Detailed filing data is available for this year.$32.5$16.1$16.4$11.3$10.6$0.63
2018Detailed filing. Detailed filing data is available for this year.$32.0$16.2$15.8$11.1$10.9$0.23
2017Detailed filing. Detailed filing data is available for this year.$31.3$15.9$15.4$10.0$9.78$0.22
2015Detailed filing. Detailed filing data is available for this year.$29.8$15.5$14.3$10.5$10.2$0.31
2014Detailed filing. Detailed filing data is available for this year.$28.5$14.9$13.6$10.3$10.9$0.64
2013Detailed filing. Detailed filing data is available for this year.$27.6$14.0$13.6$10.2$9.74$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.2$13.6$12.6$9.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.6$13.7$11.8$10.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.5$13.2$11.3$8.98