Civic Intelligence

Western Illinois Electrical Cooperative

990 • Fiscal year 2019 • EIN 37-0580852

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 10, 2020

PO Box 338Carthage, IL 62321

(217) 357-3125

Siviq Scores

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

Liabilities / Assets

47th percentile

0.50x

Higher debt load relative to assets than 47% of similar nonprofits.

2019 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

41st percentile

1.24x

Higher debt load relative to revenue than 41% of similar nonprofits.

2019 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2019

Net Margin

41st percentile

0.0%

Higher net margin than 41% of similar nonprofits.

2019 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

23rd percentile

$139,871

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2019 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2019

Asset Growth

21st percentile

-0.1%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

45th percentile

0.1%

Faster revenue growth than 45% of similar nonprofits.

2019 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Down

$25,214,213

Down $36,495 (-0.1%) from 2018

Net Assets

Up

$12,724,781

Up $580,682 (+4.8%) from 2018

Liabilities

Down

$12,489,432

Down $617,177 (-4.7%) from 2018

Revenue

Up

$10,040,968

Up $9,104 (+0.1%) from 2018

Expenses

Up

$10,040,968

Up $9,104 (+0.1%) from 2018

Net Income

Flat

$0

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $17,657,718Liabilities 2010: $7,921,111Net Assets 2010: $9,736,6072010Assets 2011: $18,078,289Liabilities 2011: $8,558,472Net Assets 2011: $9,519,8172011Assets 2012: $18,271,234Liabilities 2012: $8,522,370Net Assets 2012: $9,748,8642012Assets 2013: $19,882,588Liabilities 2013: $9,490,096Net Assets 2013: $10,392,4922013Assets 2014: $23,960,245Liabilities 2014: $13,911,406Net Assets 2014: $10,048,8392014Assets 2015: $25,110,236Liabilities 2015: $14,860,262Net Assets 2015: $10,249,9742015Assets 2017: $25,119,895Liabilities 2017: $13,634,611Net Assets 2017: $11,485,2842017Assets 2018: $25,250,708Liabilities 2018: $13,106,609Net Assets 2018: $12,144,0992018Assets 2019: $25,214,213Liabilities 2019: $12,489,432Net Assets 2019: $12,724,7812019Assets 2020: $25,812,667Liabilities 2020: $12,189,298Net Assets 2020: $13,623,3692020Assets 2021: $25,735,291Liabilities 2021: $11,515,622Net Assets 2021: $14,219,6692021Assets 2022: $25,552,342Liabilities 2022: $10,856,365Net Assets 2022: $14,695,9772022Assets 2023: $27,450,583Liabilities 2023: $12,105,361Net Assets 2023: $15,345,2222023Assets 2024: $27,007,002Liabilities 2024: $11,004,607Net Assets 2024: $16,002,3952024

Highlighted filing

2019

Assets$25,214,213
Liabilities$12,489,432
Net Assets$12,724,781

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $7,085,8212010Expenses 2011: $7,527,4432011Expenses 2012: $7,141,2752012Revenue 2013: $8,383,733Expenses 2013: $7,954,999Net Income 2013: $428,7342013Revenue 2014: $8,351,777Expenses 2014: $8,945,536Net Income 2014: -$593,7592014Revenue 2015: $8,387,349Expenses 2015: $8,330,872Net Income 2015: $56,4772015Revenue 2017: $9,298,517Expenses 2017: $8,988,421Net Income 2017: $310,0962017Revenue 2018: $10,031,864Expenses 2018: $10,031,864Net Income 2018: $02018Revenue 2019: $10,040,968Expenses 2019: $10,040,968Net Income 2019: $02019Revenue 2020: $10,160,373Expenses 2020: $10,160,373Net Income 2020: $02020Revenue 2021: $9,998,239Expenses 2021: $9,998,239Net Income 2021: $02021Revenue 2022: $10,459,583Expenses 2022: $10,459,583Net Income 2022: $02022Revenue 2023: $11,199,774Expenses 2023: $11,199,774Net Income 2023: $02023Revenue 2024: $11,371,774Expenses 2024: $11,371,774Net Income 2024: $02024

Highlighted filing

2019

Revenue$10,040,968
Expenses$10,040,968
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 10, 2020
Return Version
2019v5.0
Gross Receipts
$10,040,968
Mission and Program Overview

Mission

We are committed to give our member-owners the most reliable, cost-effective services possible.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,629,659$15,759,215▲ $129,556
Rtn Earn Endowment Incm Other Fnds$12,129,414$12,709,951▲ $580,537
Investments Program Related$4,426,288$4,608,369▲ $182,081
Other Notes and Loans Receivable, Net$2,993,336$2,495,636▼ $497,700
Cash and Non-Interest-Bearing Accounts$722,268$927,865▲ $205,597
Accounts Receivable$841,738$888,006▲ $46,268
Prepaid Expenses and Deferred Charges$439,863$315,042▼ $124,821
Inventories for Sale or Use$197,556$220,080▲ $22,524
Pd in Cap Srpls Land Bldg Eqp Fund$14,685$14,830▲ $145
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$25,250,708$25,214,213▼ $36,495
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,158,337$11,547,434▼ $610,903
Accounts Payable and Accrued Expenses$801,679$854,859▲ $53,180
Other Liabilities$146,593--
Deferred Revenue-$87,139-
Total Liabilities$13,106,609$12,489,432▼ $617,177
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,144,099$12,724,781▲ $580,682
Total Liabilities and Net Assets / Fund Balance$25,250,708$25,214,213▼ $36,495

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,601,832$10,382,427$25,984,259
Buildings$118,087$396,335$514,422
Land$39,296-$39,296
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael Todd Grotts ManagerCEOFT$108,733$31,138$139,871
Wendi Renea WhitakerCFOFT$61,455$10,115$71,570
William NewtonDirector-$5,303-$5,303
Mark BurlingDirector-$1,600-$1,600
Janet SporyDirector-$1,500-$1,500
Jay MorrisonDirector-$1,300-$1,300
Robert GronewoldDirector-$1,300-$1,300
Kent FlesnerDirector-$1,200-$1,200
Kim GullbergDirector-$1,200-$1,200

Highest Paid Contractors

ContractorServicesLocationCompensation
Long Forestry Consult LLCRight-of Way Clearing2220 Spanish Bluff Road, Anna, IL 62906$119,811
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,021,833
Investment Income
$28,298
Other Revenue
$-9,163
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,040,968
Total Revenue per Audited Statements
$10,040,968
Total Revenue per Form 990
$10,040,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,013,375
Salaries, Compensation, and Employee Benefits$224,844
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$802,749
Depreciation Depletion---$746,905
Interest---$306,808
Current Officers, Directors, Trustees, and Key Employees---$224,844
Other Expenses---$197,551
Total Functional Expenses$0$0$0$10,040,968

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$10,040,968
Expenses per Audited Statements$9,238,219
Total Expenses per Audited Statements$9,238,219
Expenses Not Reported on Financial Statements$802,749
Other Expense Adjustments$802,749
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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 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
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, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Western Illinois Electrical Coop. is an electric distribution cooperative consisting of approximately 3,600 members. Each customer of the Cooperative receiving service is a member.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The Cooperative is divided into 7 districts. The members are allowed to vote for the election of a director to represent each district.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Cooperative members are allowed to vote on proposed by-law changes during the annual membership meeting.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 is prepared by the Cooperative's independent auditor. It is presented to the General Manager and the Accounting Manager for review and approval before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Directors and employees are made aware of the need to disclose potential conflicts of interest upon starting. If there was ever concern about a conflict, the Manager would discuss the matter with the board member in question, then decide if further discussion with the rest of the Board was necessary.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Salaries are reviewed by management and the Board using comparable data from others in the industry. Management and the Board also take into consideration the Cooperative's economic situation and other pertinent data.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Manager initially proposes wages (except his own salary) to our Board, the Board approves the final amount, references such as annual survey information from AIEC about other coop's wages are utilized for comparison for some positions.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Bylaws are offered to all new members; all other documents are avilable at any time upon request.

Filing and Contact Details

Filer

Filer Name
Western Illinois Electrical Cooperative
EIN
37-0580852
Phone
2173573125
Address
PO Box 338, Carthage, IL 62321

Signing Officer

Name
Michael Todd Grotts
Title
CEO
Signed
2020-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Todd Grotts
Formed
1938
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
18

Preparer

Firm
Kevin S Kelso CPA PC PA
Address
6700 Squibb Road Suite 215, Mission, KS 66202
Preparer
George Lynch
Phone
9138311150
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Changes in Memberships = $145

Other Changes In Net Assets Or Fund Balances - Other Increases

Current Year Margins Assigned to Members = $802749

Other Changes In Net Assets Or Fund Balances - Other Increases

Other Changes = $80050

Other Changes In Net Assets Or Fund Balances - Other Decreases

Retirement of Capital Credits = -$302262

Form 990, Part IX, Line 4

The instructions to the 2019 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, 2019.

Financial Statement Notes

Part X : FIN48 Footnote

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 Coooperative recognizes any interest and penalties in income tax expense and, with few exceptions, is no longer subject to federal, state or local income tax examinations by tax authorities for year before 2016.

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Current Year Margins Assigned to Members $802749

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IRS990/LandBldgEquipBasisNetGrp/BOYAmt015629659
IRS990/LandBldgEquipBasisNetGrp/EOYAmt015759215
IRS990/LandBldgEquipCostOrOtherBssAmt026537977
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt09659013
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0We are committed to give our member-owners the most reliable, cost-effective services possible.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt012158337
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011547434
IRS990/NetAssetsOrFundBalancesBOYAmt012144099
IRS990/NetAssetsOrFundBalancesEOYAmt012724781
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt03840
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03840
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt07080
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt07080
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0580682
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Cost of Power
IRS990/OtherExpensesGrp/Desc1Distribution Expense
IRS990/OtherExpensesGrp/Desc2Admin & General
IRS990/OtherExpensesGrp/Desc3Member Services
IRS990/OtherExpensesGrp/TotalAmt06302092
IRS990/OtherExpensesGrp/TotalAmt1993961
IRS990/OtherExpensesGrp/TotalAmt2466058
IRS990/OtherExpensesGrp/TotalAmt3197551
IRS990/OtherLiabilitiesGrp/BOYAmt0146593
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Misc Non-Operating
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0-16243
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-16243
IRS990/OtherRevenueTotalAmt0-16243
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherSourcesGrossIncomeAmt0595999
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02993336
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02495636
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt014685
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt014830
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0439863
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0315042
IRS990/PrincipalOfficerNm0Michael Todd Grotts
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0Capital Credits
IRS990/ProgramServiceRevenueGrp/Desc1Miscellaneous Electric
IRS990/ProgramServiceRevenueGrp/Desc2Sale of Electricity
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0409482
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt142642
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29569709
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0409482
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt142642
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29569709
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0885235
IRS990/PYInvestmentIncomeAmt038176
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt08906196
IRS990/PYOtherRevenueAmt0151721
IRS990/PYProgramServiceRevenueAmt09841967
IRS990/PYSalariesCompEmpBnftPaidAmt0240433
IRS990/PYTotalExpensesAmt010031864
IRS990/PYTotalRevenueAmt010031864
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt07080
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt012129414
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt012709951
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0118087
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0396335
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0514422
IRS990ScheduleD/EquipmentGrp/BookValueAmt015601832
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010382427
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025984259
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0802749
IRS990ScheduleD/ExpensesSubtotalAmt09238219
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt039296
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt039296
IRS990ScheduleD/OtherExpensesNotIncludedAmt0802749
IRS990ScheduleD/RevenueSubtotalAmt010040968
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0An 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 Coooperative recognizes any interest and penalties in income tax expense and, with few exceptions, is no longer subject to federal, state or local income tax examinations by tax authorities for year before 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Current Year Margins Assigned to Members $802749
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015759215
IRS990ScheduleD/TotalBookValueProgramRltdAmt04608369
IRS990ScheduleD/TotalExpensesPerForm990Amt010040968
IRS990ScheduleD/TotalRevenuePerForm990Amt010040968
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010040968
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09238219
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Western Illinois Electrical Coop. is an electric distribution cooperative consisting of approximately 3,600 members. Each customer of the Cooperative receiving service is a member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Cooperative is divided into 7 districts. The members are allowed to vote for the election of a director to represent each district.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Cooperative members are allowed to vote on proposed by-law changes during the annual membership meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 is prepared by the Cooperative's independent auditor. It is presented to the General Manager and the Accounting Manager for review and approval before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Directors and employees are made aware of the need to disclose potential conflicts of interest upon starting. If there was ever concern about a conflict, the Manager would discuss the matter with the board member in question, then decide if further discussion with the rest of the Board was necessary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Salaries are reviewed by management and the Board using comparable data from others in the industry. Management and the Board also take into consideration the Cooperative's economic situation and other pertinent data.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Manager initially proposes wages (except his own salary) to our Board, the Board approves the final amount, references such as annual survey information from AIEC about other coop's wages are utilized for comparison for some positions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Bylaws are offered to all new members; all other documents are avilable at any time upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Changes in Memberships = $145
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Current Year Margins Assigned to Members = $802749
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Other Changes = $80050
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Retirement of Capital Credits = -$302262
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12The instructions to the 2019 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, 2019.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 4
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt025250708
IRS990/TotalAssetsEOYAmt025214213
IRS990/TotalAssetsGrp/BOYAmt025250708
IRS990/TotalAssetsGrp/EOYAmt025214213
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt010040968
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013106609
IRS990/TotalLiabilitiesEOYAmt012489432
IRS990/TotalLiabilitiesGrp/BOYAmt013106609
IRS990/TotalLiabilitiesGrp/EOYAmt012489432
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012144099
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012724781
IRS990/TotalOtherCompensationAmt041253
IRS990/TotalProgramServiceRevenueAmt010021833
IRS990/TotalReportableCompFromOrgAmt0183591
IRS990/TotalRevenueGrp/ExclusionAmt031538
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010009430
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010040968
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025250708
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt025214213
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.wiec.net
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-04-22 16:20:28Z

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$11.0$16.0$11.4$11.4$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.5$12.1$15.3$11.2$11.2$0.00
2022Detailed filing. Detailed filing data is available for this year.$25.6$10.9$14.7$10.5$10.5$0.00
2021Detailed filing. Detailed filing data is available for this year.$25.7$11.5$14.2$10.00$10.00$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.8$12.2$13.6$10.2$10.2$0.00
2019Detailed filing. Detailed filing data is available for this year.$25.2$12.5$12.7$10.0$10.0$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.3$13.1$12.1$10.0$10.0$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.1$13.6$11.5$9.30$8.99$0.31
2015Detailed filing. Detailed filing data is available for this year.$25.1$14.9$10.2$8.39$8.33$0.06
2014Detailed filing. Detailed filing data is available for this year.$24.0$13.9$10.0$8.35$8.95$0.59
2013Detailed filing. Detailed filing data is available for this year.$19.9$9.49$10.4$8.38$7.95$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.3$8.52$9.75$7.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$8.56$9.52$7.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$7.92$9.74$7.09