Civic Intelligence

Spoon River Electric Cooperative

990 • Fiscal year 2020 • EIN 37-0527067

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 03, 2021

Organization ProfileWWW.SRECOOP.ORG
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

54th percentile

0.50x

Higher debt load relative to assets than 54% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

1.53x

Higher debt load relative to revenue than 54% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Net Margin

44th percentile

0.8%

Higher net margin than 44% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

65th percentile

$235,545

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2020

Asset Growth

44th percentile

2.3%

Faster asset growth than 44% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

25th percentile

-2.9%

Faster revenue growth than 25% of similar nonprofits.

2020 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$33,263,922

Up $760,498 (+2.3%) from 2019

Net Assets

Up

$16,508,979

Up $79,411 (+0.5%) from 2019

Liabilities

Up

$16,754,943

Up $681,087 (+4.2%) from 2019

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin44th percentile

Revenue

Down

$10,938,788

Down $321,890 (-2.9%) from 2019

Expenses

Up

$10,853,299

Up $217,941 (+2.0%) from 2019

Net Income

Down

$85,489

Down $539,831 (-86%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

2020

Assets$33,263,922
Liabilities$16,754,943
Net Assets$16,508,979
Open 2020 Filing

Operations Trend

Revenue Growth25th percentile

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

2020

Revenue$10,938,788
Expenses$10,853,299
Net Income$85,489
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 3, 2021
Return Version
2020v4.1
Gross Receipts
$10,938,788
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$23,387,093$23,929,315▲ $542,222
Rtn Earn Endowment Incm Other Fnds$16,246,874$16,326,285▲ $79,411
Investments Other Securities$6,908,332$6,990,394▲ $82,062
Accounts Receivable$1,288,149$1,156,918▼ $131,231
Cash and Non-Interest-Bearing Accounts$188,250$586,843▲ $398,593
Inventories for Sale or Use$446,579$391,739▼ $54,840
Prepaid Expenses and Deferred Charges$285,021$208,713▼ $76,308
Cap Stk Tr Prin Current Funds$108,375$108,375→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$74,319$74,319→ $0
Total Assets$32,503,424$33,263,922▲ $760,498
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,608,788$15,005,569▲ $396,781
Accounts Payable and Accrued Expenses$993,076$1,242,618▲ $249,542
Other Liabilities$471,992$506,756▲ $34,764
Total Liabilities$16,073,856$16,754,943▲ $681,087
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,429,568$16,508,979▲ $79,411
Total Liabilities and Net Assets / Fund Balance$32,503,424$33,263,922▲ $760,498

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$22,566,133$9,445,068$32,011,201
Equipment$915,406$2,969,987$3,885,393
Buildings$239,247$533,876$773,123
Land$208,529-$208,529
Other Securities$15,065--
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William R DoddsPresident/CEOFT$179,982$55,563$235,545
Paul MoffittJourneyman LinemanFT$118,357$43,806$162,163
Donald SchrodtJourneyman LinemanFT$118,337$42,506$160,843
Dusty WintermoteLine ForemanFT$118,569$35,194$153,763
Trent RossJourneyman LinemanFT$106,915$41,863$148,778
Cody SchallCFOFT$56,241$18,264$74,505
Bernard MarvelChairman-$3,363$4$3,367
Lyle NelsonTreasurer-$2,783$6$2,789
Terry BeamVice Chairman-$2,410$6$2,416
Jack ClarkSecretary-$2,363$4$2,367
Jodee PedigoDirector-$2,310$10$2,320
Wesley StrodeDirector-$2,310$10$2,320
John SpanglerDirector-$2,100$10$2,110
Robert LascellesDirector-$1,523$7$1,530
Patrick Joe DavisDirector-$1,470$6$1,476
Kurt DuncanDirector-$840$2$842
James BanksDirector-$683$2$685
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,353,281
Investment Income
$138,237
Other Revenue
$447,270
Change in Net Assets
$85,489

Audited Revenue Reconciliation

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

Major Expense Lines

Line ItemAmount
Other Expenses$9,181,424
Salaries, Compensation, and Employee Benefits$1,354,603
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,604,338--$1,604,338
Interest$740,230--$740,230
Other Salaries and Wages$564,407$84,543-$648,950
Current Officers, Directors, Trustees, and Key Employees-$332,271-$332,271
Pension Plan Contributions$326,662--$326,662
Benefits to Members$317,272--$317,272
Office Expenses$136,270--$136,270
Other Expenses$78,261--$78,261
Insurance$50,604--$50,604
Payroll Taxes$46,720--$46,720
Fees for Services Legal-$13,754-$13,754
Total Functional Expenses$10,422,731$430,568$0$10,853,299

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$10,853,299
Expenses per Audited Statements$10,536,027
Total Expenses per Audited Statements$10,536,027
Expenses Not Reported on Financial Statements$317,272
Other Expense Adjustments$317,272
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
Customer Deposits$349,934
Post-retirement Obligation$138,453
Deferred Credits$18,369
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 35% controlled entity
No
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 electrical 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
2021-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William R Dodds
Formed
1939
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
35
Volunteers
0

Preparer

Firm
Kerber Eck & Braeckel Llp
Address
3401 OFFICE PARK DRIVE, MARION, IL 62959
Preparer
Amber Halstead
Phone
6189938724
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Unclaimed capital credits -6,983. Other adjustments to equity 905.”

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 likely 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.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Retirement of capital credits 317,272.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2JOURNEYMAN LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3LINE FOREMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4JOURNEYMAN LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5JOURNEYMAN LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01939
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0117588
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0117588
IRS990/GrossReceiptsAmt010938788
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt050604
IRS990/InsuranceGrp/TotalAmt050604
IRS990/InterestGrp/ProgramServicesAmt0740230
IRS990/InterestGrp/TotalAmt0740230
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0446579
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0391739
IRS990/InvestmentIncomeGrp/ExclusionAmt020649
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt020649
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt06908332
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt06990394
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012948931
IRS990/LandBldgEquipBasisNetGrp/BOYAmt023387093
IRS990/LandBldgEquipBasisNetGrp/EOYAmt023929315
IRS990/LandBldgEquipCostOrOtherBssAmt036878246
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt010230242
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/BOYAmt014608788
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt015005569
IRS990/NetAssetsOrFundBalancesBOYAmt016429568
IRS990/NetAssetsOrFundBalancesEOYAmt016508979
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0117588
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0117588
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0136270
IRS990/OfficeExpensesGrp/TotalAmt0136270
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-6078
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND DISTRIB
IRS990/OtherExpensesGrp/Desc2CUSTOMER ACCOUNTS EXPEN
IRS990/OtherExpensesGrp/ProgramServicesAmt05329693
IRS990/OtherExpensesGrp/ProgramServicesAmt11228274
IRS990/OtherExpensesGrp/ProgramServicesAmt278261
IRS990/OtherExpensesGrp/TotalAmt05329693
IRS990/OtherExpensesGrp/TotalAmt11228274
IRS990/OtherExpensesGrp/TotalAmt278261
IRS990/OtherLiabilitiesGrp/BOYAmt0471992
IRS990/OtherLiabilitiesGrp/EOYAmt0506756
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/BusinessCd1221000
IRS990/OtherRevenueMiscGrp/Desc0PATRONAGE CAPITAL CREDITS
IRS990/OtherRevenueMiscGrp/Desc1OTHER NON-OPERATING-NET
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0435705
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt111565
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0435705
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt111565
IRS990/OtherRevenueTotalAmt0447270
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt084543
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0564407
IRS990/OtherSalariesAndWagesGrp/TotalAmt0648950
IRS990/OtherSourcesGrossIncomeAmt0697853
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt046720
IRS990/PayrollTaxesGrp/TotalAmt046720
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt074319
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt074319
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0326662
IRS990/PensionPlanContributionsGrp/TotalAmt0326662
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0285021
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0208713
IRS990/PrincipalOfficerNm0WILLIAM R DODDS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC SALES
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS ELECTRIC SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010230242
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1123039
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010230242
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1123039
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt067804
IRS990/PYOtherExpensesAmt08979005
IRS990/PYOtherRevenueAmt0474125
IRS990/PYProgramServiceRevenueAmt010718749
IRS990/PYRevenuesLessExpensesAmt0625320
IRS990/PYSalariesCompEmpBnftPaidAmt01656353
IRS990/PYTotalExpensesAmt010635358
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011260678
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt085489
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt016246874
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt016326285
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0239247
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0533876
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0773123
IRS990ScheduleD/EquipmentGrp/BookValueAmt0915406
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02969987
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03885393
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0317272
IRS990ScheduleD/ExpensesSubtotalAmt010536027
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0208529
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0208529
IRS990ScheduleD/OtherExpensesNotIncludedAmt0317272
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022566133
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09445068
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt032011201
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0349934
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt118369
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2138453
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED CREDITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2POST-RETIREMENT OBLIGATION
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0564254
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1717294
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21262730
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt34431051
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt415065
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/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt00
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 LIKELY 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/ExplanationTxt1RETIREMENT OF CAPITAL CREDITS 317,272.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023929315
IRS990ScheduleD/TotalBookValueSecuritiesAmt06990394
IRS990ScheduleD/TotalExpensesPerForm990Amt010853299
IRS990ScheduleD/TotalLiabilityAmt0506756
IRS990ScheduleD/TotalRevenuePerForm990Amt00
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt00
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010536027
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0179982
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1118337
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2118569
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3118357
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,263,922
Liabilities
$16,754,943
Net assets
$16,508,979
Revenue
$10,938,788
Expenses
$10,853,299
Net income
$85,489
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