Civic Intelligence

Cherryland Electric Cooperative Inc

990 • Fiscal year 2013 • EIN 38-0416525

Jan 01, 2013 to Dec 31, 2013 • Filed on Jun 06, 2014

Organization ProfileWWW.CECELEC.COM

View Organization Page

PO Box 298Grawn, MI 49637

(231) 486-9200

Siviq Scores

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

Liabilities / Assets

46th percentile

0.54x

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

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

28th percentile

1.03x

Higher debt load relative to revenue than 28% of similar nonprofits.

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Net Margin

77th percentile

4.5%

Higher net margin than 77% of similar nonprofits.

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

81st percentile

$259,046

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2013 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2013

Asset Growth

60th percentile

6.4%

Faster asset growth than 60% of similar nonprofits.

2013 filings • 501(c)12 • $50M-$100M 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 / Assets46th percentile

Assets

Up

$98,890,085

Up $5,985,836 (+6.4%) from 2012

Net Assets

Up

$45,268,842

Up $2,503,721 (+5.9%) from 2012

Liabilities

Up

$53,621,243

Up $3,482,115 (+6.9%) from 2012

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin77th percentile

Revenue

$52,058,014

No earlier filing loaded for comparison.

Expenses

Up

$49,727,385

Up $511,540 (+1.0%) from 2012

Net Income

$2,330,629

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$200M$150M$100M$50M$0Assets 2010: $87,198,886Liabilities 2010: $50,880,773Net Assets 2010: $36,318,1132010Assets 2011: $90,069,533Liabilities 2011: $49,891,710Net Assets 2011: $40,177,8232011Assets 2012: $92,904,249Liabilities 2012: $50,139,128Net Assets 2012: $42,765,1212012Assets 2013: $98,890,085Liabilities 2013: $53,621,243Net Assets 2013: $45,268,8422013Assets 2014: $102,719,943Liabilities 2014: $57,678,218Net Assets 2014: $45,041,7252014Assets 2015: $109,224,020Liabilities 2015: $62,452,545Net Assets 2015: $46,771,4752015Assets 2016: $112,418,663Liabilities 2016: $65,922,020Net Assets 2016: $46,496,6432016Assets 2017: $117,378,649Liabilities 2017: $69,196,559Net Assets 2017: $48,182,0902017Assets 2018: $119,157,927Liabilities 2018: $70,027,723Net Assets 2018: $49,130,2042018Assets 2019: $125,981,658Liabilities 2019: $74,615,268Net Assets 2019: $51,366,3902019Assets 2020: $124,589,351Liabilities 2020: $72,520,780Net Assets 2020: $52,068,5712020Assets 2021: $128,512,414Liabilities 2021: $74,673,958Net Assets 2021: $53,838,4562021Assets 2022: $135,639,535Liabilities 2022: $79,606,286Net Assets 2022: $56,033,2492022Assets 2023: $145,405,666Liabilities 2023: $88,090,529Net Assets 2023: $57,315,1372023Assets 2024: $155,240,104Liabilities 2024: $92,020,455Net Assets 2024: $63,219,6492024

Highlighted filing

2013

Assets$98,890,085
Liabilities$53,621,243
Net Assets$45,268,842
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $39,500,6702010Expenses 2011: $43,346,8782011Expenses 2012: $49,215,8452012Revenue 2013: $52,058,014Expenses 2013: $49,727,385Net Income 2013: $2,330,6292013Revenue 2014: $52,300,165Expenses 2014: $52,451,496Net Income 2014: -$151,3312014Revenue 2015: $52,644,361Expenses 2015: $50,747,632Net Income 2015: $1,896,7292015Revenue 2016: $52,269,509Expenses 2016: $52,298,513Net Income 2016: -$29,0042016Revenue 2017: $53,462,485Expenses 2017: $52,060,173Net Income 2017: $1,402,3122017Revenue 2018: $54,464,304Expenses 2018: $53,207,470Net Income 2018: $1,256,8342018Revenue 2019: $55,857,474Expenses 2019: $53,911,155Net Income 2019: $1,946,3192019Revenue 2020: $55,779,369Expenses 2020: $54,502,598Net Income 2020: $1,276,7712020Revenue 2021: $58,700,620Expenses 2021: $56,668,877Net Income 2021: $2,031,7432021Revenue 2022: $62,035,173Expenses 2022: $59,726,647Net Income 2022: $2,308,5262022Revenue 2023: $59,803,199Expenses 2023: $58,398,020Net Income 2023: $1,405,1792023Revenue 2024: $66,342,508Expenses 2024: $60,530,255Net Income 2024: $5,812,2532024

Highlighted filing

2013

Revenue$52,058,014
Expenses$49,727,385
Net Income$2,330,629
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 6, 2014
Return Version
2013v3.1
Gross Receipts
$52,058,014
Mission and Program Overview

Mission

ELECTRIC COOPERATIVE

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$56,702,707$58,750,470▲ $2,047,763
Rtn Earn Endowment Incm Other Fnds$45,619,061$47,286,001▲ $1,666,940
Investments Other Securities$27,850,148$30,286,839▲ $2,436,691
Accounts Receivable$5,957,400$6,084,441▲ $127,041
Other Notes and Loans Receivable, Net$809,023$652,897▼ $156,126
Inventories for Sale or Use$524,098$456,322▼ $67,776
Prepaid Expenses and Deferred Charges$334,614$346,644▲ $12,030
Cap Stk Tr Prin Current Funds$256,941$250,036▼ $6,905
Cash and Non-Interest-Bearing Accounts$69,931$53,724▼ $16,207
Pd in Cap Srpls Land Bldg Eqp Fund$-3,110,881$-2,267,195▲ $843,686
Total Assets$92,904,249$98,890,085▲ $5,985,836
Other Assets Total$656,328$2,258,748▲ $1,602,420
Liabilities
Mortgage Notes Payable Secured by Investment Property$41,146,482$41,108,873▼ $37,609
Unsecured Notes Loans Payable$1,917,967$5,627,825▲ $3,709,858
Accounts Payable and Accrued Expenses$3,661,915$3,785,262▲ $123,347
Other Liabilities$3,412,764$3,099,283▼ $313,481
Total Liabilities$50,139,128$53,621,243▲ $3,482,115
Net Assets / Fund Balance
Total Net Assets Fund Balance$42,765,121$45,268,842▲ $2,503,721
Total Liabilities and Net Assets / Fund Balance$92,904,249$98,890,085▲ $5,985,836

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$58,750,470$28,845,703$87,596,173
Other Securities$800--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anthony AndersonGeneral Mgr.FT$194,221$64,825$259,046
Frank SiepkerEng. & Ops.FT$122,156$44,915$167,071
Frank SiepkerEng. & Ops. Manager-$122,156$44,915$167,071
Kevin CraggMember Svcs.FT$118,086$36,716$154,802
Kevin CraggMember Svcs. Manager-$118,086$36,716$154,802
Mark WilsonCFOFT$104,297$42,527$146,824
Jim CarpenterLine SuperinFT$104,405$38,540$142,945
Betty Reynolds-maciejewskiDirector-$13,400$6$13,406
Jon ZickertDirectorPT$13,200$10$13,210
Melinda LautnerSecretaryPT$12,800$10$12,810
Thomas M VanpeltPresidentPT$12,600$10$12,610
Terry LautnerSen. V. PresPT$11,600$10$11,610
Richard DenewethTreasurerPT$11,300$10$11,310
John OlsonDirector-$11,100$10$11,110

Highest Paid Contractors

ContractorServicesLocationCompensation
Trees INCClearing-$672,827
Cc PowerConstruction-$440,316
Townsend Tree Service LLCClearing-$213,149
Grand Traverse ConstructionConstruction-$157,134
The Hydaker Wheatlake CompanyConstruction-$131,260
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$48,625,183
Investment Income
$3,127,018
Other Revenue
$305,813
Change in Net Assets
$2,330,629

Audited Revenue Reconciliation

Revenue per Audited Statements
$52,036,217
Revenue Not Reported on Financial Statements
$21,797
Other Revenue Adjustments
$21,797
Total Revenue per Audited Statements
$52,036,217
Total Revenue per Form 990
$52,058,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$45,787,631
Salaries, Compensation, and Employee Benefits$956,754
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$2,983,000
Depreciation Depletion---$2,882,513
All Other Expenses---$2,856,002
Interest---$1,954,724
Other Expenses---$1,259,028
Current Officers, Directors, Trustees, and Key Employees---$384,518
Other Salaries and Wages---$344,647
Other Employee Benefits---$227,589
Total Functional Expenses$0$0$0$49,727,385

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$49,727,385
Expenses per Audited Statements$46,722,588
Total Expenses per Audited Statements$46,722,588
Expenses Not Reported on Financial Statements$3,004,797
Other Expense Adjustments$3,004,797
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
Accrued Compensation$637,621
Post Retirement Benefit Obligation$589,460
Extinguishment of Debt$545,000
Customer Advances for Construction$326,009
Accrued Property Taxes$315,413
Accrued Interest$315,141
Customer Deposits$245,795
Other Accrued Expenses$124,844
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The cooperative is organized with members.”

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

“Members elect board of directors at annual meeting.”

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

“Members approve decision at annual meeting.”

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

“Reviewed by the cfo and presented to the board of directors.”

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

“Responses to policies reviewed annually.”

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

“Compared to to other similar coops and approved by the board of directors.”

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

“REVIEWED BY CEO.”

Form 990, Page 6, Part VI, Line 19

“Certain documents are posted on the cooperative website and others are available with a written request.”

Filing and Contact Details

Filer

EIN
38-0416525
Phone
2314869200

Signing Officer

Name
Mark Wilson
Title
CFO
Phone
2314869200
Signed
2014-06-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Anderson
Formed
1938
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
59

Preparer

Preparer
Ronald G Harris CPA
Phone
2319468930
Supplemental Narrative

Additional Explanations

Form 990, Part XI

“Line 9 - misc other equity transactions”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

“Expenses netted against other revenue on financials 21,797”

Schedule D, Page 4, Part XII, Line 4B

“Expenses netted against other revenue on financials 21,797 patronage capital payments not deducted on financials 2,983,000”

Raw XML AppendixShowing 400 of 469 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/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt052058014
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt01954724
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0524098
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0456322
IRS990/InvestmentIncomeGrp/ExclusionAmt037645
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03089373
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03127018
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt027850148
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt030286839
IRS990/IRPDocumentCnt044
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt028845703
IRS990/LandBldgEquipBasisNetGrp/BOYAmt056702707
IRS990/LandBldgEquipBasisNetGrp/EOYAmt058750470
IRS990/LandBldgEquipCostOrOtherBssAmt087596173
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt048785981
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ELECTRIC COOPERATIVE
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt041146482
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt041108873
IRS990/NetAssetsOrFundBalancesBOYAmt042765121
IRS990/NetAssetsOrFundBalancesEOYAmt045268842
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0656328
IRS990/OtherAssetsTotalGrp/EOYAmt02258748
IRS990/OtherChangesInNetAssetsAmt0173092
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0227589
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION-MAINTENANCE
IRS990/OtherExpensesGrp/Desc2CUSTOMER SVC. AND INFORMA
IRS990/OtherExpensesGrp/Desc3CUSTOMER ACCOUNTS
IRS990/OtherExpensesGrp/TotalAmt033207922
IRS990/OtherExpensesGrp/TotalAmt12284598
IRS990/OtherExpensesGrp/TotalAmt21342844
IRS990/OtherExpensesGrp/TotalAmt31259028
IRS990/OtherLiabilitiesGrp/BOYAmt03412764
IRS990/OtherLiabilitiesGrp/EOYAmt03099283
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc1EXTINGUISHMENT OF DEBT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0240413
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt165400
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0240413
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt165400
IRS990/OtherRevenueTotalAmt0305813
IRS990/OtherSalariesAndWagesGrp/TotalAmt0344647
IRS990/OtherSourcesGrossIncomeAmt0447425
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0809023
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0652897
IRS990/PartialLiquidationInd0false
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-3110881
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-2267195
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0334614
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0346644
IRS990/PrincipalOfficerNm0ANTHONY ANDERSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER ELECTRIC REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2STREET LIGHTS
IRS990/ProgramServiceRevenueGrp/Desc3POLE CONTACT FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt072611
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt048291044
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1164773
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt296755
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt048291044
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1164773
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt296755
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt372611
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt01893647
IRS990/PYInvestmentIncomeAmt02724354
IRS990/PYOtherExpensesAmt046211085
IRS990/PYOtherRevenueAmt0314062
IRS990/PYProgramServiceRevenueAmt048764172
IRS990/PYRevenuesLessExpensesAmt02586743
IRS990/PYSalariesCompEmpBnftPaidAmt01111113
IRS990/PYTotalExpensesAmt049215845
IRS990/PYTotalRevenueAmt051802588
IRS990/ReconcilationRevenueExpnssAmt02330629
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt045619061
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt047286001
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03004797
IRS990ScheduleD/ExpensesSubtotalAmt046722588
IRS990ScheduleD/OtherExpensesNotIncludedAmt03004797
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt058750470
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt028845703
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt087596173
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0637621
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1589460
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2545000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3326009
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4315413
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5315141
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt6245795
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt7124844
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED COMPENSATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1POST RETIREMENT BENEFIT OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2EXTINGUISHMENT OF DEBT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CUSTOMER ADVANCES FOR CONSTRUCTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED PROPERTY TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7OTHER ACCRUED EXPENSES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt021797
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt030170892
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1115147
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2800
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN AFFILIATED COOPS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1LAND HELD FOR RESALE
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INVESTMENT IN SUBSIDIARY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt021797
IRS990ScheduleD/RevenueSubtotalAmt052036217
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EXPENSES NETTED AGAINST OTHER REVENUE ON FINANCIALS 21,797
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1EXPENSES NETTED AGAINST OTHER REVENUE ON FINANCIALS 21,797 PATRONAGE CAPITAL PAYMENTS NOT DEDUCTED ON FINANCIALS 2,983,000
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt058750470
IRS990ScheduleD/TotalBookValueSecuritiesAmt030286839
IRS990ScheduleD/TotalExpensesPerForm990Amt049727385
IRS990ScheduleD/TotalLiabilityAmt03099283
IRS990ScheduleD/TotalRevenuePerForm990Amt052058014
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt052036217
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt046722588
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0194221
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1122156
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2118086
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt064825
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt144915
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt236716
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANTHONY ANDERSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1FRANK SIEPKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2KEVIN CRAGG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MGR.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1ENG. & OPS. MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2MEMBER SVCS. MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0259046
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1167071
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2154802
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE IS ORGANIZED WITH MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT BOARD OF DIRECTORS AT ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS APPROVE DECISION AT ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED BY THE CFO AND PRESENTED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RESPONSES TO POLICIES REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPARED TO TO OTHER SIMILAR COOPS AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REVIEWED BY CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CERTAIN DOCUMENTS ARE POSTED ON THE COOPERATIVE WEBSITE AND OTHERS ARE AVAILABLE WITH A WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8LINE 9 - MISC OTHER EQUITY TRANSACTIONS
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 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$98,890,085
Liabilities
$53,621,243
Net assets
$45,268,842
Revenue
$52,058,014
Expenses
$49,727,385
Net income
$2,330,629
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$155$92.0$63.2$66.3$60.5$5.81
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$145$88.1$57.3$59.8$58.4$1.41
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$136$79.6$56.0$62.0$59.7$2.31
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$129$74.7$53.8$58.7$56.7$2.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$125$72.5$52.1$55.8$54.5$1.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$126$74.6$51.4$55.9$53.9$1.95
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$119$70.0$49.1$54.5$53.2$1.26
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$117$69.2$48.2$53.5$52.1$1.40
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$65.9$46.5$52.3$52.3$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$109$62.5$46.8$52.6$50.7$1.90
2014Detailed filing. Detailed filing data is available for this year.$103$57.7$45.0$52.3$52.5$0.15
2013Detailed filing. Detailed filing data is available for this year.$98.9$53.6$45.3$52.1$49.7$2.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$92.9$50.1$42.8$49.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.1$49.9$40.2$43.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.2$50.9$36.3$39.5