Civic Intelligence

Alger Delta Co Op Electric Association

990 • Fiscal year 2013 • EIN 38-0289531

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 03, 2014

Organization ProfileWWW.ALGERDELTA.COM

View Organization Page

426 N 9th StreetGladstone, MI 49837

(906) 428-4141

Siviq Scores

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

Liabilities / Assets

91st percentile

0.70x

Higher debt load relative to assets than 91% of similar nonprofits.

2013 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

71st percentile

1.89x

Higher debt load relative to revenue than 71% of similar nonprofits.

2013 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2013

Net Margin

86th percentile

11%

Higher net margin than 86% of similar nonprofits.

2013 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

45th percentile

$174,125

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2013 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2013

Asset Growth

52nd percentile

5.1%

Faster asset growth than 52% of similar nonprofits.

2013 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$36,799,445

Up $1,776,236 (+5.1%) from 2012

Net Assets

Up

$11,197,266

Up $1,456,304 (+15%) from 2012

Liabilities

Up

$25,602,179

Up $319,932 (+1.3%) from 2012

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin86th percentile

Revenue

$13,578,796

No earlier filing loaded for comparison.

Expenses

Up

$12,122,492

Up $153,533 (+1.3%) from 2012

Net Income

$1,456,304

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$60M$40M$20M$0Assets 2010: $35,977,365Liabilities 2010: $27,766,118Net Assets 2010: $8,211,2472010Assets 2011: $35,463,962Liabilities 2011: $26,790,484Net Assets 2011: $8,673,4782011Assets 2012: $35,023,209Liabilities 2012: $25,282,247Net Assets 2012: $9,740,9622012Assets 2013: $36,799,445Liabilities 2013: $25,602,179Net Assets 2013: $11,197,2662013Assets 2014: $37,113,924Liabilities 2014: $24,825,816Net Assets 2014: $12,288,1082014Assets 2015: $39,323,382Liabilities 2015: $25,829,471Net Assets 2015: $13,493,9112015Assets 2016: $40,226,179Liabilities 2016: $25,609,276Net Assets 2016: $14,616,9032016Assets 2017: $43,267,177Liabilities 2017: $27,934,990Net Assets 2017: $15,332,1872017Assets 2018: $42,111,110Liabilities 2018: $25,894,923Net Assets 2018: $16,216,1872018Assets 2019: $43,544,160Liabilities 2019: $27,507,207Net Assets 2019: $16,036,9532019Assets 2020: $51,473,019Liabilities 2020: $34,807,601Net Assets 2020: $16,665,4182020Assets 2021: $51,999,429Liabilities 2021: $34,495,857Net Assets 2021: $17,503,5722021Assets 2022: $54,541,428Liabilities 2022: $36,376,967Net Assets 2022: $18,164,4612022Assets 2023: $56,353,683Liabilities 2023: $37,202,844Net Assets 2023: $19,150,8392023Assets 2024: $57,971,488Liabilities 2024: $38,278,247Net Assets 2024: $19,693,2412024

Highlighted filing

2013

Assets$36,799,445
Liabilities$25,602,179
Net Assets$11,197,266
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $11,636,1342010Expenses 2011: $11,354,7332011Expenses 2012: $11,968,9592012Revenue 2013: $13,578,796Expenses 2013: $12,122,492Net Income 2013: $1,456,3042013Revenue 2014: $14,302,496Expenses 2014: $14,415,413Net Income 2014: -$112,9172014Revenue 2015: $14,379,640Expenses 2015: $14,463,960Net Income 2015: -$84,3202015Revenue 2016: $14,699,020Expenses 2016: $14,740,967Net Income 2016: -$41,9472016Revenue 2017: $15,496,234Expenses 2017: $15,774,654Net Income 2017: -$278,4202017Revenue 2018: $15,568,596Expenses 2018: $15,568,592Net Income 2018: $42018Revenue 2019: $15,473,055Expenses 2019: $15,473,056Net Income 2019: -$12019Revenue 2020: $15,971,471Expenses 2020: $15,971,467Net Income 2020: $42020Revenue 2021: $17,663,679Expenses 2021: $17,663,679Net Income 2021: $02021Revenue 2022: $18,706,041Expenses 2022: $18,706,041Net Income 2022: $02022Revenue 2023: $18,515,871Expenses 2023: $18,515,871Net Income 2023: $02023Revenue 2024: $18,568,999Expenses 2024: $18,568,999Net Income 2024: $02024

Highlighted filing

2013

Revenue$13,578,796
Expenses$12,122,492
Net Income$1,456,304
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 3, 2014
Return Version
2013v3.1
Gross Receipts
$13,578,796
Mission and Program Overview

Mission

Electrical distribution utility providing service to rural areas

Electrical distribution utility-providing service to rural areas

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,049,308$31,368,962▲ $319,654
Rtn Earn Endowment Incm Other Fnds$9,641,731$11,098,035▲ $1,456,304
Cash and Non-Interest-Bearing Accounts$1,090,048$1,674,989▲ $584,941
Investments in Publicly Traded Securities$1,560,286$1,649,183▲ $88,897
Prepaid Expenses and Deferred Charges$186,482$901,522▲ $715,040
Accounts Receivable$819,961$854,377▲ $34,416
Inventories for Sale or Use$313,570$346,932▲ $33,362
Cap Stk Tr Prin Current Funds$99,231$99,231→ $0
Investments Program Related$3,554$3,480▼ $74
Total Assets$35,023,209$36,799,445▲ $1,776,236
Liabilities
Mortgage Notes Payable Secured by Investment Property$23,840,862$24,093,614▲ $252,752
Accounts Payable and Accrued Expenses$1,260,996$1,368,541▲ $107,545
Deferred Revenue$180,389$140,024▼ $40,365
Total Liabilities$25,282,247$25,602,179▲ $319,932
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,740,962$11,197,266▲ $1,456,304
Total Liabilities and Net Assets / Fund Balance$35,023,209$36,799,445▲ $1,776,236

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$30,469,088$14,939,015$45,408,103
Buildings$635,349-$635,349
Land$264,525-$264,525
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas Harrell-FT$126,475$47,650$174,125
Thomas HarrellGeneral Manager-$126,475$47,650$174,125
Amanda Seger-FT$76,507$37,934$114,441
Gail PetersonPresident-$10,212-$10,212
Sam SimonettaVice-preside-$9,098-$9,098
Nancy Gardner-plattSecretary/tr-$9,070-$9,070
Bessie AndersonGeneral Mana-$8,989-$8,989
Kevin WebberFinancial Ma-$8,966-$8,966
Paul Sederquist--$8,406-$8,406
Ron Oberg--$8,348-$8,348
Darryl Small--$8,133-$8,133
Nick Denessen--$7,171-$7,171
Mike Nason--$5,867-$5,867
Dennis Gramm--$4,925-$4,925

Board Members and Trustees

NameTitle
Clay Peterson-

Highest Paid Contractors

ContractorServicesLocationCompensation
Fox Power INCHighline Contra-$662,466
Rural Electric Supply CooperativeElectr Material-$467,284
Trees INCBrushing-$412,332
Utility SystemsEngineer Contra-$268,661
Border StatesElectr Material-$175,059
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,282,536
Investment Income
$64,789
Other Revenue
$231,471
Change in Net Assets
$1,456,304

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,578,796
Total Revenue per Audited Statements
$13,578,796
Total Revenue per Form 990
$13,578,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,489,931
Salaries, Compensation, and Employee Benefits$1,632,561
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$1,317,850
Interest---$1,133,458
Other Salaries and Wages---$771,600
Fees for Services Other---$464,401
Current Officers, Directors, Trustees, and Key Employees---$292,167
Office Expenses---$245,188
Travel---$240,048
Pension Plan Contributions---$235,438
Other Employee Benefits---$235,163
Other Expenses---$114,202
Payroll Taxes---$98,193
Insurance---$90,072
Fees for Services Legal---$83,226
All Other Expenses---$70,862
Advertising---$60,916
Fees for Services Accounting---$27,386
Occupancy---$12,634
Total Functional Expenses$0$0$0$12,122,492

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,122,492
Total Expenses per Audited Statements$12,122,492
Total Expenses per Form 990$12,122,492
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 6

“Alger delta cooperative is an electric cooperative providing electricity to customers in 9 rural districts. Each customer is a member of the cooperative.”

Form 990, Page 6, Part VI, Line 7A

“Alger delta cooperative is an electric cooperative consisting of 9 districts. The members in each district nominate and vote for their director. Each director is elected for a term of 3 years. Three directors are elected each year.”

Form 990, Page 6, Part VI, Line 11B

“Our form 990 "return of organization exempt from income tax" is prepared by a cpa firm using information provided by the association financial manager with the final copy reviewed by the general manager. A copy is presented to each board member prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Our "code of conduct" addresses conflict on interest and is reviewed with all employees on an annual basis.”

Form 990, Page 6, Part VI, Line 15A

“The board considers various market factors including prior compensation paid to the current and previous managers, neighboring cooperatives, experience, training, education and general economic conditions in the region of the state. See schedule j for additional information.”

Form 990, Page 6, Part VI, Line 19

“Each new member is mailed a copy of the company's by-laws. Our "code of conduct", policies and rus form 7 (operating statement and balance sheet) are made available upon request.”

Filing and Contact Details

Filer

EIN
38-0289531
Phone
9064284141

Signing Officer

Name
Thomas Harrell
Title
General Manager
Phone
9064284141
Signed
2014-07-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Harrell
Formed
1937
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
22

Preparer

Preparer
William J Joki
Phone
9069324430
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Alger-delta follows guidance for accounting for uncertainties in income taxes under current accounting standards. Management has completed its evaluation of the impact of certain tax provisions and is unaware of any tax positions that would require disclosure. Alger-delta will recognize any accrued interest and penalties related to unrecognized benefits in income tax, if incurred. The following years, by jurisdiction, remain subject to examination: internal revenue service december 31, 2010 - 2013 state of michigan december 31, 2008 - 2011”

Raw XML AppendixShowing 400 of 421 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InventoriesForSaleOrUseGrp/BOYAmt0313570
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0346932
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt062789
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt062789
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt03554
IRS990/InvestmentsProgramRelatedGrp/EOYAmt03480
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01560286
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01649183
IRS990/IRPDocumentCnt023
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014939015
IRS990/LandBldgEquipBasisNetGrp/BOYAmt031049308
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031368962
IRS990/LandBldgEquipCostOrOtherBssAmt046307977
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt013282536
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ELECTRICAL DISTRIBUTION UTILITY-PROVIDING SERVICE TO RURAL AREAS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt023840862
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt024093614
IRS990/NetAssetsOrFundBalancesBOYAmt09740962
IRS990/NetAssetsOrFundBalancesEOYAmt011197266
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt02000
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02000
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt012634
IRS990/OfficeExpensesGrp/TotalAmt0245188
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0235163
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1PERSONAL PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3DUES TO ASSOCIATED ORGANI
IRS990/OtherExpensesGrp/TotalAmt05967648
IRS990/OtherExpensesGrp/TotalAmt1419591
IRS990/OtherExpensesGrp/TotalAmt2242449
IRS990/OtherExpensesGrp/TotalAmt3114202
IRS990/OtherRevenueMiscGrp/Desc0LLC DISTRIBUTIONS
IRS990/OtherRevenueMiscGrp/Desc1CAPITAL CR & PATRONAGE DIV
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0124300
IRS990/OtherRevenueMiscGrp/ExclusionAmt198596
IRS990/OtherRevenueMiscGrp/ExclusionAmt28575
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0124300
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt198596
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt28575
IRS990/OtherRevenueTotalAmt0231471
IRS990/OtherSalariesAndWagesGrp/TotalAmt0771600
IRS990/OtherSourcesGrossIncomeAmt0296260
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt098193
IRS990/PensionPlanContributionsGrp/TotalAmt0235438
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0186482
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0901522
IRS990/PrincipalOfficerNm0THOMAS HARRELL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRICITY SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013282536
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013282536
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt051942
IRS990/PYOtherExpensesAmt010350961
IRS990/PYOtherRevenueAmt0166010
IRS990/PYProgramServiceRevenueAmt012818491
IRS990/PYRevenuesLessExpensesAmt01067484
IRS990/PYSalariesCompEmpBnftPaidAmt01617998
IRS990/PYTotalExpensesAmt011968959
IRS990/PYTotalRevenueAmt013036443
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01456304
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt09641731
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt011098035
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0635349
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0635349
IRS990ScheduleD/ExpensesSubtotalAmt012122492
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0264525
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0264525
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030469088
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014939015
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt045408103
IRS990ScheduleD/RevenueSubtotalAmt013578796
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ALGER-DELTA FOLLOWS GUIDANCE FOR ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES UNDER CURRENT ACCOUNTING STANDARDS. MANAGEMENT HAS COMPLETED ITS EVALUATION OF THE IMPACT OF CERTAIN TAX PROVISIONS AND IS UNAWARE OF ANY TAX POSITIONS THAT WOULD REQUIRE DISCLOSURE. ALGER-DELTA WILL RECOGNIZE ANY ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED BENEFITS IN INCOME TAX, IF INCURRED. THE FOLLOWING YEARS, BY JURISDICTION, REMAIN SUBJECT TO EXAMINATION: INTERNAL REVENUE SERVICE DECEMBER 31, 2010 - 2013 STATE OF MICHIGAN DECEMBER 31, 2008 - 2011
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031368962
IRS990ScheduleD/TotalExpensesPerForm990Amt012122492
IRS990ScheduleD/TotalRevenuePerForm990Amt013578796
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013578796
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012122492
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0126475
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt030483
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt017167
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0THOMAS HARRELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0174125
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD REFERENCES THE NRECA'S NATIONAL COMPENSATION SURVEY FOR GUIDANCE IN DETERMINING THE GENERAL MANAGER'S SALARY
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART III
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALGER DELTA COOPERATIVE IS AN ELECTRIC COOPERATIVE PROVIDING ELECTRICITY TO CUSTOMERS IN 9 RURAL DISTRICTS. EACH CUSTOMER IS A MEMBER OF THE COOPERATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALGER DELTA COOPERATIVE IS AN ELECTRIC COOPERATIVE CONSISTING OF 9 DISTRICTS. THE MEMBERS IN EACH DISTRICT NOMINATE AND VOTE FOR THEIR DIRECTOR. EACH DIRECTOR IS ELECTED FOR A TERM OF 3 YEARS. THREE DIRECTORS ARE ELECTED EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OUR FORM 990 "RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX" IS PREPARED BY A CPA FIRM USING INFORMATION PROVIDED BY THE ASSOCIATION FINANCIAL MANAGER WITH THE FINAL COPY REVIEWED BY THE GENERAL MANAGER. A COPY IS PRESENTED TO EACH BOARD MEMBER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OUR "CODE OF CONDUCT" ADDRESSES CONFLICT ON INTEREST AND IS REVIEWED WITH ALL EMPLOYEES ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD CONSIDERS VARIOUS MARKET FACTORS INCLUDING PRIOR COMPENSATION PAID TO THE CURRENT AND PREVIOUS MANAGERS, NEIGHBORING COOPERATIVES, EXPERIENCE, TRAINING, EDUCATION AND GENERAL ECONOMIC CONDITIONS IN THE REGION OF THE STATE. SEE SCHEDULE J FOR ADDITIONAL INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EACH NEW MEMBER IS MAILED A COPY OF THE COMPANY'S BY-LAWS. OUR "CODE OF CONDUCT", POLICIES AND RUS FORM 7 (OPERATING STATEMENT AND BALANCE SHEET) ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt035023209
IRS990/TotalAssetsEOYAmt036799445
IRS990/TotalAssetsGrp/BOYAmt035023209
IRS990/TotalAssetsGrp/EOYAmt036799445
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt012122492
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025282247
IRS990/TotalLiabilitiesEOYAmt025602179
IRS990/TotalLiabilitiesGrp/BOYAmt025282247
IRS990/TotalLiabilitiesGrp/EOYAmt025602179
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09740962
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011197266
IRS990/TotalOtherCompensationAmt085584
IRS990/TotalProgramServiceRevenueAmt013282536
IRS990/TotalReportableCompFromOrgAmt0292167
IRS990/TotalRevenueGrp/ExclusionAmt0231471
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013347325
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013578796
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt035023209
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt036799445
IRS990/TravelGrp/TotalAmt0240048
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine107896 LAKE BLUFF 194 ROAD
IRS990/USAddress/City0GLADSTONE
IRS990/USAddress/State0MI
IRS990/USAddress/ZIPCode049837
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.ALGERDELTA.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS HARRELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum09064284141
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-07-03
ReturnHeader/Filer/BusinessName/BusinessNameLine10ALGER DELTA COOPERATIVE ELECTRIC
ReturnHeader/Filer/BusinessName/BusinessNameLine20ASSOCIATION

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,799,445
Liabilities
$25,602,179
Net assets
$11,197,266
Revenue
$13,578,796
Expenses
$12,122,492
Net income
$1,456,304
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.0$38.3$19.7$18.6$18.6$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.4$37.2$19.2$18.5$18.5$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.5$36.4$18.2$18.7$18.7$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.0$34.5$17.5$17.7$17.7$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.5$34.8$16.7$16.0$16.0$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.5$27.5$16.0$15.5$15.5$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.1$25.9$16.2$15.6$15.6$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.3$27.9$15.3$15.5$15.8$0.28
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.2$25.6$14.6$14.7$14.7$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.3$25.8$13.5$14.4$14.5$0.08
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.1$24.8$12.3$14.3$14.4$0.11
2013Detailed filing. Detailed filing data is available for this year.$36.8$25.6$11.2$13.6$12.1$1.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.0$25.3$9.74$12.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.5$26.8$8.67$11.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.0$27.8$8.21$11.6