Civic Intelligence

Cooperative Light and Power Association of Lake County

990 • Fiscal year 2017 • EIN 41-0203975

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 19, 2018

Organization ProfileWWW.CLPOWER.COM
1554 Highway 2Two Harbors, MN 55616

(218) 834-2226

Siviq Scores

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

Liabilities / Assets

49th percentile

0.52x

Higher debt load relative to assets than 49% of similar nonprofits.

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

Liabilities / Revenue

37th percentile

1.25x

Higher debt load relative to revenue than 37% of similar nonprofits.

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

Net Margin

47th percentile

1.3%

Higher net margin than 47% of similar nonprofits.

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

Top Officer Pay

74th percentile

$233,087

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

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

Asset Growth

49th percentile

2.1%

Faster asset growth than 49% of similar nonprofits.

2017 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

62nd percentile

4.6%

Faster revenue growth than 62% of similar nonprofits.

2017 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$31,326,966

Up $634,061 (+2.1%) from 2016

Net Assets

Up

$14,880,741

Up $209,888 (+1.4%) from 2016

Liabilities

Up

$16,446,225

Up $424,173 (+2.6%) from 2016

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin47th percentile

Revenue

Up

$13,201,902

Up $577,952 (+4.6%) from 2016

Expenses

Up

$13,024,749

Up $303,820 (+2.4%) from 2016

Net Income

Up

$177,153

Up $274,132 (+283%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$40M$30M$20M$10M$0Assets 2011: $25,507,142Liabilities 2011: $12,445,682Net Assets 2011: $13,061,4602011Assets 2012: $27,000,698Liabilities 2012: $13,203,483Net Assets 2012: $13,797,2152012Assets 2013: $28,196,519Liabilities 2013: $13,889,006Net Assets 2013: $14,307,5132013Assets 2014: $29,889,794Liabilities 2014: $15,188,788Net Assets 2014: $14,701,0062014Assets 2015: $29,780,252Liabilities 2015: $15,077,530Net Assets 2015: $14,702,7222015Assets 2016: $30,692,905Liabilities 2016: $16,022,052Net Assets 2016: $14,670,8532016Assets 2017: $31,326,966Liabilities 2017: $16,446,225Net Assets 2017: $14,880,7412017Assets 2018: $31,191,674Liabilities 2018: $16,003,906Net Assets 2018: $15,187,7682018Assets 2019: $30,855,710Liabilities 2019: $15,512,154Net Assets 2019: $15,343,5562019Assets 2020: $31,493,472Liabilities 2020: $15,890,369Net Assets 2020: $15,603,1032020Assets 2021: $32,161,097Liabilities 2021: $16,976,895Net Assets 2021: $15,184,2022021Assets 2022: $32,952,450Liabilities 2022: $17,531,148Net Assets 2022: $15,421,3022022Assets 2023: $34,755,470Liabilities 2023: $18,941,150Net Assets 2023: $15,814,3202023Assets 2024: $36,554,621Liabilities 2024: $20,763,972Net Assets 2024: $15,790,6492024

Highlighted filing

2017

Assets$31,326,966
Liabilities$16,446,225
Net Assets$14,880,741
Open 2017 Filing

Operations Trend

Revenue Growth62nd percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $10,978,732Expenses 2011: $10,074,109Net Income 2011: $904,6232011Expenses 2012: $10,824,3232012Revenue 2013: $12,097,541Expenses 2013: $11,636,450Net Income 2013: $461,0912013Revenue 2014: $12,975,062Expenses 2014: $12,600,407Net Income 2014: $374,6552014Revenue 2015: $12,131,768Expenses 2015: $12,163,063Net Income 2015: -$31,2952015Revenue 2016: $12,623,950Expenses 2016: $12,720,929Net Income 2016: -$96,9792016Revenue 2017: $13,201,902Expenses 2017: $13,024,749Net Income 2017: $177,1532017Revenue 2018: $13,507,898Expenses 2018: $13,221,933Net Income 2018: $285,9652018Revenue 2019: $13,524,405Expenses 2019: $13,393,618Net Income 2019: $130,7872019Revenue 2020: $13,706,449Expenses 2020: $13,478,190Net Income 2020: $228,2592020Revenue 2021: $13,814,099Expenses 2021: $14,265,949Net Income 2021: -$451,8502021Revenue 2022: $14,384,512Expenses 2022: $14,180,360Net Income 2022: $204,1522022Revenue 2023: $14,718,706Expenses 2023: $14,344,542Net Income 2023: $374,1642023Revenue 2024: $15,266,668Expenses 2024: $15,300,746Net Income 2024: -$34,0782024

Highlighted filing

2017

Revenue$13,201,902
Expenses$13,024,749
Net Income$177,153
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 19, 2018
Return Version
2017v2.3
Gross Receipts
$13,228,736
Mission and Program Overview

Mission

Electric energy distribution

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,346,079$19,993,102▼ $352,977
Rtn Earn Endowment Incm Other Fnds$14,670,853$14,880,741▲ $209,888
Investments Other Securities$6,218,455$7,002,012▲ $783,557
Accounts Receivable$1,481,310$1,608,688▲ $127,378
Savings and Temporary Cash Investments$1,312,445$1,455,715▲ $143,270
Prepaid Expenses and Deferred Charges$768,631$682,129▼ $86,502
Inventories for Sale or Use$316,896$359,412▲ $42,516
Cash and Non-Interest-Bearing Accounts$63,999$48,895▼ $15,104
Total Assets$30,692,905$31,326,966▲ $634,061
Other Assets Total$185,090$177,013▼ $8,077
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,218,589$13,560,271▲ $341,682
Accounts Payable and Accrued Expenses$2,669,888$2,696,581▲ $26,693
Deferred Revenue$80,907$138,338▲ $57,431
Other Liabilities$52,668$51,035▼ $1,633
Total Liabilities$16,022,052$16,446,225▲ $424,173
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,670,853$14,880,741▲ $209,888
Total Liabilities and Net Assets / Fund Balance$30,692,905$31,326,966▲ $634,061

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,280,133$14,902,785$33,182,918
Buildings$1,331,941$824,296$2,156,237
Land$381,028-$381,028
Other Securities$37--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve WattnemGeneral ManaFT$155,691$77,396$233,087
Steve WattnemGeneral Manager-$155,091$77,996$233,087
Michael JohnsonLinemenFT$108,501$49,473$157,974
Vince UdenbergLinemenFT$105,569$51,407$156,976
Brian BentlerLinemanFT$104,632$51,444$156,076
Ken JonesLinemanFT$104,524$45,745$150,269
Chase PetersonLinemenFT$109,737$35,057$144,794
Spring DetlefsenOffice ManagFT$83,858$52,154$136,012
Scott VeitenheimerTreasurerPT$5,400-$5,400
Robert NikolaiVice PresidePT$4,700-$4,700
Peggy KuettelPresidentPT$4,600-$4,600
Alis StevensDirectorPT$4,500-$4,500
James AndersonSecretaryPT$2,600-$2,600
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,493,300
Investment Income
$156,465
Other Revenue
$552,137
Change in Net Assets
$177,153

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,201,902
Total Revenue per Audited Statements
$13,201,902
Total Revenue per Form 990
$13,201,902
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,272,526
Salaries, Compensation, and Employee Benefits$402,059
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$974,518
All Other Expenses---$701,705
Other Expenses---$427,943
Interest---$403,813
Current Officers, Directors, Trustees, and Key Employees---$402,059
Benefits to Members---$350,164
Total Functional Expenses$0$0$0$13,024,749

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$13,024,749
Expenses per Audited Statements$12,674,585
Total Expenses per Audited Statements$12,674,585
Expenses Not Reported on Financial Statements$350,164
Other Expense Adjustments$350,164
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$51,035
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization only has one class of members.”

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

“Members elect new board of directors annually based on expiring terms or open position. Votes are done by regional area ensuring that there is a director representing each area of the cooperatives service area.”

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

“Certain significant decisions as outlined in the organization's bylaws are subject to member approval. All members have equal rights and are allowed one vote.”

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

“Prior to filing the form 990 is reviewed and approved by the general manager and the office manager. The board reviews and approves the form at the following board meeting.”

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

“Board members review and sign off on a conflict of interest policy annually. Conflicts are to be evaluated as they arise.”

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

“Compensation adjustment is aided by survey results of other electrical co-ops in the state and region. Reviewed and approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Available at the cooperatives two harbors office upon request during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Cooperative Light and Power
EIN
41-0203975
Phone
2188342226
Address
1554 HIGHWAY 2, TWO HARBORS, MN 55616

Signing Officer

Name
Steve Wattnem
Title
General Manager
Phone
2188342226
Signed
2018-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Wattnem
Formed
1936
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
22

Preparer

Firm
Esterbrooks Scott Signorelli Etal Ltd
Address
302 W SUPERIOR ST STE200, DULUTH, MN 55802
Preparer
Michael a Pederson
Phone
2187276846
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Gain on retirement of capital credits 32,735”

Financial Statement Notes

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

“Book/tax difference: retirement of capital credits 350,164”

Raw XML AppendixShowing 400 of 513 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02669888
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02696581
IRS990/AccountsReceivableGrp/BOYAmt01481310
IRS990/AccountsReceivableGrp/EOYAmt01608688
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ELECTRIC ENERGY DISTRIBUTION
IRS990/AddressChangeInd0X
IRS990/AllOtherExpensesGrp/TotalAmt0701705
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt0350164
IRS990/BooksInCareOfDetail/PersonNm0SPRING DETLEFSEN
IRS990/BooksInCareOfDetail/PhoneNum02188342226
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 69
IRS990/BooksInCareOfDetail/USAddress/CityNm0TWO HARBORS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055616
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt063999
IRS990/CashNonInterestBearingGrp/EOYAmt048895
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0402059
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0350164
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0156465
IRS990/CYOtherExpensesAmt012272526
IRS990/CYOtherRevenueAmt0552137
IRS990/CYProgramServiceRevenueAmt012493300
IRS990/CYRevenuesLessExpensesAmt0177153
IRS990/CYSalariesCompEmpBnftPaidAmt0402059
IRS990/CYTotalExpensesAmt013024749
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt013201902
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt080907
IRS990/DeferredRevenueGrp/EOYAmt0138338
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0974518
IRS990/Desc0DISTRIBUTED ELECTIC ENERGY AND OTHER SERVICES TO CONSUMERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt022
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt577396
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt652154
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt748923
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt835057
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt950857
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1045195
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1150894
IRS990/Form990PartVIISectionAGrp/PersonNm0PEGGY KUETTEL
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT NIKOLAI
IRS990/Form990PartVIISectionAGrp/PersonNm2SCOTT VEITENHEIMER
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4ALIS STEVENS
IRS990/Form990PartVIISectionAGrp/PersonNm5STEVE WATTNEM
IRS990/Form990PartVIISectionAGrp/PersonNm6SPRING DETLEFSEN
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm8CHASE PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm9VINCE UDENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm10KEN JONES
IRS990/Form990PartVIISectionAGrp/PersonNm11BRIAN BENTLER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt04600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt25400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt32600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt44500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5155691
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt683858
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7109051
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8109737
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9106119
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10105074
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11105182
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5GENERAL MANA
IRS990/Form990PartVIISectionAGrp/TitleTxt6OFFICE MANAG
IRS990/Form990PartVIISectionAGrp/TitleTxt7LINEMEN
IRS990/Form990PartVIISectionAGrp/TitleTxt8LINEMEN
IRS990/Form990PartVIISectionAGrp/TitleTxt9LINEMEN
IRS990/Form990PartVIISectionAGrp/TitleTxt10LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt11LINEMAN
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt014285
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt014285
IRS990/GrossReceiptsAmt013228736
IRS990/GrossRentsGrp/PersonalAmt012668
IRS990/GrossSalesOfInventoryAmt0214088
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt0403813
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0316896
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0359412
IRS990/InvestmentIncomeGrp/ExclusionAmt0142180
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0142180
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt06218455
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt07002012
IRS990/IRPDocumentCnt028
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt015727081
IRS990/LandBldgEquipBasisNetGrp/BOYAmt020346079
IRS990/LandBldgEquipBasisNetGrp/EOYAmt019993102
IRS990/LandBldgEquipCostOrOtherBssAmt035720183
IRS990/LegalDomicileStateCd0MN
IRS990/LessRentalExpensesGrp/PersonalAmt026834
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt012540579
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ELECTRIC ENERGY DISTRIBUTION
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt013218589
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013560271
IRS990/NetAssetsOrFundBalancesBOYAmt014670853
IRS990/NetAssetsOrFundBalancesEOYAmt014880741
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt014285
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt014285
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt052237
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0214088
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0161851
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-4958
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-14166
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-9208
IRS990/NetUnrelatedBusTxblIncmAmt0-168378
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0185090
IRS990/OtherAssetsTotalGrp/EOYAmt0177013
IRS990/OtherChangesInNetAssetsAmt032735
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION EXPENSE
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE & GENERAL
IRS990/OtherExpensesGrp/Desc3CUSTOMER SERVICE AND INFO
IRS990/OtherExpensesGrp/TotalAmt07521003
IRS990/OtherExpensesGrp/TotalAmt11546902
IRS990/OtherExpensesGrp/TotalAmt2696642
IRS990/OtherExpensesGrp/TotalAmt3427943
IRS990/OtherLiabilitiesGrp/BOYAmt052668
IRS990/OtherLiabilitiesGrp/EOYAmt051035
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0COOPERATIVE CAPITAL CREDITS
IRS990/OtherRevenueMiscGrp/Desc1OTHER CAPITAL CREDITS
IRS990/OtherRevenueMiscGrp/Desc2OTHER NONOPERATING MARGINS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0312735
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt129796
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt29684
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0312735
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt129796
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt29684
IRS990/OtherRevenueTotalAmt0352215
IRS990/OtherSourcesGrossIncomeAmt0504858
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0768631
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0682129
IRS990/PrincipalOfficerNm0STEVE WATTNEM
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012493300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012493300
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0549536
IRS990/PYInvestmentIncomeAmt0118301
IRS990/PYOtherExpensesAmt011795260
IRS990/PYOtherRevenueAmt0609032
IRS990/PYProgramServiceRevenueAmt011896617
IRS990/PYRevenuesLessExpensesAmt0-96979
IRS990/PYSalariesCompEmpBnftPaidAmt0376133
IRS990/PYTotalExpensesAmt012720929
IRS990/PYTotalRevenueAmt012623950
IRS990/ReconcilationRevenueExpnssAmt0177153
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt0-14166
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt014670853
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt014880741
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01312445
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01455715
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01331941
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0824296
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02156237
IRS990ScheduleD/EquipmentGrp/BookValueAmt018280133
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014902785
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt033182918
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0350164
IRS990ScheduleD/ExpensesSubtotalAmt012674585
IRS990ScheduleD/LandGrp/BookValueAmt0381028
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0381028
IRS990ScheduleD/OtherExpensesNotIncludedAmt0350164
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt051035
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt05780883
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1671636
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2336860
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3125427
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt478502
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt56178
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt61008
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt7834
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt8647
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt937
IRS990ScheduleD/OtherSecuritiesGrp/Desc0GREAT RIVER ENERGY
IRS990ScheduleD/OtherSecuritiesGrp/Desc1NATIONAL RURAL UTILITIES COOPERATIVE
IRS990ScheduleD/OtherSecuritiesGrp/Desc2NATIONAL RURAL TELECOMMUNICATIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3RURAL ELECTIC SUPPLY COOPERATIVE
IRS990ScheduleD/OtherSecuritiesGrp/Desc4FEDERATED RURAL ELECTRIC INSURANCE
IRS990ScheduleD/OtherSecuritiesGrp/Desc5COOPERATIVE RESPONSE CENTER
IRS990ScheduleD/OtherSecuritiesGrp/Desc6CO-BANK
IRS990ScheduleD/OtherSecuritiesGrp/Desc7MINNESOTA RURAL ELECTRIC TRUST
IRS990ScheduleD/OtherSecuritiesGrp/Desc8TRICO COOPERATIVE OIL ASSOCIATION
IRS990ScheduleD/OtherSecuritiesGrp/Desc9TOUCHSTONE ENERGY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd8F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd9F
IRS990ScheduleD/RevenueSubtotalAmt013201902
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK/TAX DIFFERENCE: RETIREMENT OF CAPITAL CREDITS 350,164
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019993102
IRS990ScheduleD/TotalBookValueSecuritiesAmt07002012
IRS990ScheduleD/TotalExpensesPerForm990Amt013024749
IRS990ScheduleD/TotalLiabilityAmt051035
IRS990ScheduleD/TotalRevenuePerForm990Amt013201902
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013201902
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012674585
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0155091
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1108501
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2105569
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3104524
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4104632
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount1550
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount2550
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount3550
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount4550
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt054274
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt130877
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt229872
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt329872
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt429872
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023122
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt118046
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt220985
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt315323
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt421022
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEVE WATTNEM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MICHAEL JOHNSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2VINCE UDENBERG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3KEN JONES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4BRIAN BENTLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1LINEMEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2LINEMEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3LINEMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4LINEMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0233087
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1157974
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2156976
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3150269
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt4156076
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ONLY HAS ONE CLASS OF MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT NEW BOARD OF DIRECTORS ANNUALLY BASED ON EXPIRING TERMS OR OPEN POSITION. VOTES ARE DONE BY REGIONAL AREA ENSURING THAT THERE IS A DIRECTOR REPRESENTING EACH AREA OF THE COOPERATIVES SERVICE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN SIGNIFICANT DECISIONS AS OUTLINED IN THE ORGANIZATION'S BYLAWS ARE SUBJECT TO MEMBER APPROVAL. ALL MEMBERS HAVE EQUAL RIGHTS AND ARE ALLOWED ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIOR TO FILING THE FORM 990 IS REVIEWED AND APPROVED BY THE GENERAL MANAGER AND THE OFFICE MANAGER. THE BOARD REVIEWS AND APPROVES THE FORM AT THE FOLLOWING BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS REVIEW AND SIGN OFF ON A CONFLICT OF INTEREST POLICY ANNUALLY. CONFLICTS ARE TO BE EVALUATED AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION ADJUSTMENT IS AIDED BY SURVEY RESULTS OF OTHER ELECTRICAL CO-OPS IN THE STATE AND REGION. REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE AT THE COOPERATIVES TWO HARBORS OFFICE UPON REQUEST DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GAIN ON RETIREMENT OF CAPITAL CREDITS 32,735
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,326,966
Liabilities
$16,446,225
Net assets
$14,880,741
Revenue
$13,201,902
Expenses
$13,024,749
Net income
$177,153
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$36.6$20.8$15.8$15.3$15.3$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.8$18.9$15.8$14.7$14.3$0.37
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.0$17.5$15.4$14.4$14.2$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.2$17.0$15.2$13.8$14.3$0.45
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$31.5$15.9$15.6$13.7$13.5$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.9$15.5$15.3$13.5$13.4$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.2$16.0$15.2$13.5$13.2$0.29
2017Detailed filing. Detailed filing data is available for this year.$31.3$16.4$14.9$13.2$13.0$0.18
2016Detailed filing. Detailed filing data is available for this year.$30.7$16.0$14.7$12.6$12.7$0.10
2015Detailed filing. Detailed filing data is available for this year.$29.8$15.1$14.7$12.1$12.2$0.03
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$29.9$15.2$14.7$13.0$12.6$0.37
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.2$13.9$14.3$12.1$11.6$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$13.2$13.8$10.8
2011Summary only. Only limited summary data is available for this year.$25.5$12.4$13.1$11.0$10.1$0.90