Civic Intelligence

Minnesota Valley Cooperative Light and Power Association

990 • Fiscal year 2015 • EIN 41-0419129

Jan 01, 2015 to Dec 31, 2015 • Filed on May 31, 2016

Organization ProfileWWW.MNVALLEYREC.COM

View Organization Page

PO Box 248Montevideo, MN 56265

(320) 269-2163

Siviq Scores

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

Liabilities / Assets

74th percentile

0.63x

Higher debt load relative to assets than 74% of similar nonprofits.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

77th percentile

1.84x

Higher debt load relative to revenue than 77% of similar nonprofits.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2015

Net Margin

73rd percentile

3.7%

Higher net margin than 73% of similar nonprofits.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

98th percentile

$398,468

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2015

Asset Growth

45th percentile

2.4%

Faster asset growth than 45% of similar nonprofits.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

39th percentile

-3.2%

Faster revenue growth than 39% of similar nonprofits.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$58,090,800

Up $1,383,704 (+2.4%) from 2014

Net Assets

Up

$21,747,555

Up $723,953 (+3.4%) from 2014

Liabilities

Up

$36,343,245

Up $659,751 (+1.8%) from 2014

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin73rd percentile

Revenue

Down

$19,702,795

Down $652,423 (-3.2%) from 2014

Expenses

Down

$18,978,842

Down $292,721 (-1.5%) from 2014

Net Income

Down

$723,953

Down $359,702 (-33%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$150M$100M$50M$0Assets 2010: $50,483,850Liabilities 2010: $31,853,547Net Assets 2010: $18,630,3032010Assets 2011: $52,581,431Liabilities 2011: $34,134,036Net Assets 2011: $18,447,3952011Assets 2012: $53,595,905Liabilities 2012: $35,053,154Net Assets 2012: $18,542,7512012Assets 2013: $56,605,969Liabilities 2013: $36,677,663Net Assets 2013: $19,928,3062013Assets 2014: $56,707,096Liabilities 2014: $35,683,494Net Assets 2014: $21,023,6022014Assets 2015: $58,090,800Liabilities 2015: $36,343,245Net Assets 2015: $21,747,5552015Assets 2016: $61,195,929Liabilities 2016: $38,465,103Net Assets 2016: $22,730,8262016Assets 2017: $62,798,138Liabilities 2017: $40,151,089Net Assets 2017: $22,647,0492017Assets 2018: $64,623,281Liabilities 2018: $40,136,950Net Assets 2018: $24,486,3312018Assets 2019: $69,554,857Liabilities 2019: $42,765,752Net Assets 2019: $26,789,1052019Assets 2020: $73,541,394Liabilities 2020: $45,494,644Net Assets 2020: $28,046,7502020Assets 2021: $77,827,017Liabilities 2021: $47,510,049Net Assets 2021: $30,316,9682021Assets 2022: $85,287,908Liabilities 2022: $54,182,615Net Assets 2022: $31,105,2932022Assets 2023: $95,415,919Liabilities 2023: $62,163,662Net Assets 2023: $33,252,2572023Assets 2024: $101,109,680Liabilities 2024: $65,817,111Net Assets 2024: $35,292,5692024

Highlighted filing

2015

Assets$58,090,800
Liabilities$36,343,245
Net Assets$21,747,555
Open 2015 Filing

Operations Trend

Revenue Growth39th percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $14,437,2262010Expenses 2011: $16,817,3472011Revenue 2012: $17,914,534Expenses 2012: $17,567,264Net Income 2012: $347,2702012Revenue 2013: $20,243,473Expenses 2013: $18,757,082Net Income 2013: $1,486,3912013Revenue 2014: $20,355,218Expenses 2014: $19,271,563Net Income 2014: $1,083,6552014Revenue 2015: $19,702,795Expenses 2015: $18,978,842Net Income 2015: $723,9532015Revenue 2016: $20,851,737Expenses 2016: $19,868,466Net Income 2016: $983,2712016Revenue 2017: $21,105,262Expenses 2017: $21,002,885Net Income 2017: $102,3772017Revenue 2018: $23,687,651Expenses 2018: $23,636,667Net Income 2018: $50,9842018Revenue 2019: $22,352,862Expenses 2019: $24,616,833Net Income 2019: -$2,263,9712019Revenue 2020: $21,197,805Expenses 2020: $22,265,877Net Income 2020: -$1,068,0722020Revenue 2021: $22,632,419Expenses 2021: $23,060,089Net Income 2021: -$427,6702021Revenue 2022: $24,527,313Expenses 2022: $25,134,140Net Income 2022: -$606,8272022Revenue 2023: $25,650,557Expenses 2023: $26,043,792Net Income 2023: -$393,2352023Revenue 2024: $26,016,362Expenses 2024: $25,343,416Net Income 2024: $672,9462024

Highlighted filing

2015

Revenue$19,702,795
Expenses$18,978,842
Net Income$723,953
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 31, 2016
Return Version
2015v2.0
Gross Receipts
$20,013,821
Mission and Program Overview

Mission

Minnesota valley cooperative light and power association is a proactive cooperative that continues to provide value to our members.

To provide electrical energy services to rural customers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$42,270,453$43,927,705▲ $1,657,252
Rtn Earn Endowment Incm Other Fnds$21,023,602$21,747,555▲ $723,953
Investments Program Related$7,976,963$8,315,584▲ $338,621
Accounts Receivable$2,422,771$2,065,723▼ $357,048
Prepaid Expenses and Deferred Charges$1,649,804$1,534,124▼ $115,680
Investments Other Securities$1,161,334$1,068,598▼ $92,736
Inventories for Sale or Use$867,625$914,694▲ $47,069
Cash and Non-Interest-Bearing Accounts$284,468$244,610▼ $39,858
Other Notes and Loans Receivable, Net$50,000$0▼ $50,000
Savings and Temporary Cash Investments$3,752$0▼ $3,752
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$56,707,096$58,090,800▲ $1,383,704
Other Assets Total$19,926$19,762▼ $164
Liabilities
Mortgage Notes Payable Secured by Investment Property$32,513,078$30,201,142▼ $2,311,936
Unsecured Notes Loans Payable$600,000$3,550,000▲ $2,950,000
Other Liabilities$738,748$1,355,241▲ $616,493
Accounts Payable and Accrued Expenses$1,630,706$1,076,552▼ $554,154
Deferred Revenue$200,962$160,310▼ $40,652
Total Liabilities$35,683,494$36,343,245▲ $659,751
Net Assets / Fund Balance
Total Net Assets Fund Balance$21,023,602$21,747,555▲ $723,953
Total Liabilities and Net Assets / Fund Balance$56,707,096$58,090,800▲ $1,383,704

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$38,876,091$20,543,268$59,419,359
Buildings$4,471,298$1,759,895$6,231,193
Land$332,626-$332,626
Other Land Buildings$247,690-$247,690
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick CarruthGeneral ManagerFT$233,108$165,360$398,468
John WilliamsonOperations MgrFT$143,844$66,526$210,370
Robert WalshMember Serv MgrFT$117,286$79,325$196,611
Candice JaenischOffice MgrFT$119,014$44,548$163,562
Timothy Charles VeldeSecretaryPT$19,840-$19,840
Mark PetersonVice PresidentPT$19,160-$19,160
Gary GroothuisTreasurerPT$19,120-$19,120
Darryl BursackDirectorPT$18,960-$18,960
Steve NormanPresidentPT$18,920-$18,920
Wayne PeltierDirectorPT$18,520-$18,520
Glen KlefsaasDirectorPT$9,520-$9,520
Donald FernholzDirectorPT$3,080-$3,080
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$18,256,421
Investment Income
$784,394
Other Revenue
$661,980
Change in Net Assets
$723,953
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,998,046
Salaries, Compensation, and Employee Benefits$525,588
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses---$1,808,073
Depreciation Depletion---$1,773,289
Benefits to Members---$1,455,208
Interest---$812,090
Other Expenses---$735,015
Current Officers, Directors, Trustees, and Key Employees---$525,588
Total Functional Expenses$0$0$0$18,978,842
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Wayne PeltierDirectorPurchase of PowerNo$9,690,640

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$464,800
Other Accruals$306,653
Sick Leave$247,335
Accrued Vacation$222,971
Accrued Sales Tax$61,942
Consumer Deposits$51,540
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
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

“The cooperative is a member owned cooperative.”

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

“Each member of the cooperative has one vote in elections of the board members.”

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

“Each member of the cooperative is allowed one vote for by-law changes.”

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

“The office manager prepares the form 990. The general manager reviews the 990 for accuracy and then the form 990 is reviewed and approved for filing at a meeting of the board of directors.”

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

“Employee compensation is determined by the general manager. The board approves the general manager's salary. Compensation is compared to the national averages by nreca's compensate wage and salary plan.”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“The organization's form 990 public inspection copy is available for public inspection upon request.”

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

“By-laws and articles of incorporation are sent out to each new cooperative member. The organization's annual report is available at its website.”

Filing and Contact Details

Filer

Filer Name
Minnesota Valley Cooperative
EIN
41-0419129
Phone
3202692163
Address
PO BOX 248, MONTEVIDEO, MN 56265

Signing Officer

Name
Patrick C Carruth
Title
General Manager
Signed
2016-05-31
Discuss with paid preparer
Yes

Organization Details

Formed
1938
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
6
Employees
39

Preparer

Firm
Candice Jaenisch Ltd
Address
3035 60TH AVE SE, MAYNARD, MN 56260
Preparer
Candice Jaenisch
Phone
3202692312
Supplemental Narrative

Additional Explanations

In Reference to Part IX, Line 4

“The cooperative has interpreted "patronage dividends paid" as capital credits allocated to members under the preexisting obligations pursuant to the bylaws of the cooperative.”

Financial Statement Notes

Part X : FIN48 Footnote

“Part x, line 2: the association is exempt from the payment of income taxes under section 501(c)(12) of the internal revenue code. The association is subject to income tax on its unrelated business income. A provision for income taxes on unrelated business income is included with non-operating margins for the year ended december 31, 2015 and 2014.it is the opinion of management that the company has no significant uncertain tax positions that would be subject to change upon examination. The federal income tax returns of the company are subject to examination by the irs, generally for three years after they were filed.”

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IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-4066
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt011400
IRS990/GrossReceiptsAmt020013821
IRS990/GrossSalesOfInventoryAmt0474161
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt0812090
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0867625
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0914694
IRS990/InvestmentIncomeGrp/ExclusionAmt0788460
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0788460
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01161334
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01068598
IRS990/InvestmentsProgramRelatedGrp/BOYAmt07976963
IRS990/InvestmentsProgramRelatedGrp/EOYAmt08315584
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt022303163
IRS990/LandBldgEquipBasisNetGrp/BOYAmt042270453
IRS990/LandBldgEquipBasisNetGrp/EOYAmt043927705
IRS990/LandBldgEquipCostOrOtherBssAmt066230868
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt015466
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt018730582
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION IS A PROACTIVE COOPERATIVE THAT CONTINUES TO PROVIDE VALUE TO OUR MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt032513078
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt030201142
IRS990/NetAssetsOrFundBalancesBOYAmt021023602
IRS990/NetAssetsOrFundBalancesEOYAmt021747555
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-4066
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-4066
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0178601
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0178601
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-15234
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt019926
IRS990/OtherAssetsTotalGrp/EOYAmt019762
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION/OPERATIONS
IRS990/OtherExpensesGrp/Desc2GENERAL AND ADMIN
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION/MAINTENANCE
IRS990/OtherExpensesGrp/TotalAmt09877398
IRS990/OtherExpensesGrp/TotalAmt11157893
IRS990/OtherExpensesGrp/TotalAmt2834288
IRS990/OtherExpensesGrp/TotalAmt3735015
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0738748
IRS990/OtherLiabilitiesGrp/EOYAmt01355241
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0CAPITAL CREDITS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0483379
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0483379
IRS990/OtherRevenueTotalAmt0483379
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherSourcesGrossIncomeAmt01283239
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt050000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01649804
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01534124
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018256421
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018256421
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt01380273
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0587066
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt017401088
IRS990/PYOtherRevenueAmt0566667
IRS990/PYProgramServiceRevenueAmt019201485
IRS990/PYRevenuesLessExpensesAmt01083655
IRS990/PYSalariesCompEmpBnftPaidAmt0490202
IRS990/PYTotalExpensesAmt019271563
IRS990/PYTotalRevenueAmt020355218
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0723953
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt021023602
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt021747555
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03752
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04471298
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01759895
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06231193
IRS990ScheduleD/EquipmentGrp/BookValueAmt038876091
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020543268
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059419359
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0332626
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0332626
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0247690
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0247690
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt061942
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1222971
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt251540
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3306653
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4464800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5247335
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED SALES TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED VACATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OTHER ACCRUALS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5SICK LEAVE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION IS SUBJECT TO INCOME TAX ON ITS UNRELATED BUSINESS INCOME. A PROVISION FOR INCOME TAXES ON UNRELATED BUSINESS INCOME IS INCLUDED WITH NON-OPERATING MARGINS FOR THE YEAR ENDED DECEMBER 31, 2015 AND 2014.IT IS THE OPINION OF MANAGEMENT THAT THE COMPANY HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE COMPANY ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt043927705
IRS990ScheduleD/TotalBookValueProgramRltdAmt08315584
IRS990ScheduleD/TotalLiabilityAmt01355241
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0119014
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1143844
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2233108
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3117286
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt025185
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt145590
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt2140684
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt359909
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt018363
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt118509
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt220568
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt318262
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt01000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt12427
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt24108
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt31154
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CANDICE JAENISCH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOHN WILLIAMSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2PATRICK CARRUTH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3ROBERT WALSH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0OFFICE MGR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1OPERATIONS MGR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3MEMBER SERV MGR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0163562
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1210370
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2398468
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3196611
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0WAYNE PELTIER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt09690640

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,090,800
Liabilities
$36,343,245
Net assets
$21,747,555
Revenue
$19,702,795
Expenses
$18,978,842
Net income
$723,953
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$65.8$35.3$26.0$25.3$0.67
2023Detailed filing. Detailed filing data is available for this year.$95.4$62.2$33.3$25.7$26.0$0.39
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.3$54.2$31.1$24.5$25.1$0.61
2021Detailed filing. Detailed filing data is available for this year.$77.8$47.5$30.3$22.6$23.1$0.43
2020Detailed filing. Detailed filing data is available for this year.$73.5$45.5$28.0$21.2$22.3$1.07
2019Detailed filing. Detailed filing data is available for this year.$69.6$42.8$26.8$22.4$24.6$2.26
2018Detailed filing. Detailed filing data is available for this year.$64.6$40.1$24.5$23.7$23.6$0.05
2017Detailed filing. Detailed filing data is available for this year.$62.8$40.2$22.6$21.1$21.0$0.10
2016Summary only. Only limited summary data is available for this year.$61.2$38.5$22.7$20.9$19.9$0.98
2015Detailed filing. Detailed filing data is available for this year.$58.1$36.3$21.7$19.7$19.0$0.72
2014Detailed filing. Detailed filing data is available for this year.$56.7$35.7$21.0$20.4$19.3$1.08
2013Detailed filing. Detailed filing data is available for this year.$56.6$36.7$19.9$20.2$18.8$1.49
2012Summary only. Only limited summary data is available for this year.$53.6$35.1$18.5$17.9$17.6$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.6$34.1$18.4$16.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.5$31.9$18.6$14.4
Peer Organizations

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