Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
Traverse Electric Cooperative Inc
990 • Fiscal year 2014 • EIN 41-0581955
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.62x
Liabilities / Revenue
53rd percentile
Higher debt load relative to revenue than 53% of similar nonprofits.
Net Margin
71st percentile
Higher net margin than 71% of similar nonprofits.
Top Officer Pay
57th percentile
Higher top officer pay than 57% of similar nonprofits.
Top officer pay equals 1.1% of source-year revenue.
Asset Growth
73rd percentile
Faster asset growth than 73% of similar nonprofits.
Revenue Growth
75th percentile
Faster revenue growth than 75% of similar nonprofits.
Balance Sheet
Assets
Up$23,658,135
Up $976,176 (+4.3%) from 2013
Net Assets
Up$9,044,325
Up $853,650 (+10%) from 2013
Liabilities
Up$14,613,810
Up $122,526 (+0.8%) from 2013
Revenue And Expenses
Revenue
Up$9,742,241
Up $513,664 (+5.6%) from 2013
Expenses
Up$8,588,865
Up $334,611 (+4.1%) from 2013
Net Income
Up$1,153,376
Up $179,053 (+18%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- Oct 29, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $9,895,865
Mission and Program Overview
Mission
To provide electric service to our members at the lowest possible cost.
An electric cooperative providing electric service to members at the lowest possible cost.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $14,263,205 | $14,265,290 | ▲ $2,085 |
| Rtn Earn Endowment Incm Other Fnds | $7,899,481 | $8,730,180 | ▲ $830,699 |
| Investments Other Securities | $3,865,282 | $4,099,945 | ▲ $234,663 |
| Savings and Temporary Cash Investments | $2,649,119 | $3,684,397 | ▲ $1,035,278 |
| Accounts Receivable | $951,634 | $826,761 | ▼ $124,873 |
| Prepaid Expenses and Deferred Charges | $499,880 | $440,696 | ▼ $59,184 |
| Inventories for Sale or Use | $451,839 | $340,046 | ▼ $111,793 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $291,194 | $314,145 | ▲ $22,951 |
| Cash and Non-Interest-Bearing Accounts | $1,000 | $1,000 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $22,681,959 | $23,658,135 | ▲ $976,176 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $13,600,835 | $13,506,108 | ▼ $94,727 |
| Accounts Payable and Accrued Expenses | $877,665 | $1,091,582 | ▲ $213,917 |
| Other Liabilities | $9,300 | $10,350 | ▲ $1,050 |
| Unsecured Notes Loans Payable | $3,484 | $5,770 | ▲ $2,286 |
| Total Liabilities | $14,491,284 | $14,613,810 | ▲ $122,526 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $8,190,675 | $9,044,325 | ▲ $853,650 |
| Total Liabilities and Net Assets / Fund Balance | $22,681,959 | $23,658,135 | ▲ $976,176 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $14,053,250 | $8,484,729 | $22,537,979 |
| Buildings | $145,479 | $269,713 | $415,192 |
| Other Land Buildings | $49,917 | - | $49,917 |
| Land | $16,644 | - | $16,644 |
| Other Securities | $3,939,766 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Clayton Halverson | General Manager | FT | $93,003 | $12,733 | $105,736 |
| Roger Derby | Director | - | $3,775 | - | $3,775 |
| Alan Veflin | President | - | $2,725 | - | $2,725 |
| Mark Pearson | Secretary | - | $2,725 | - | $2,725 |
| Pat Homan | Vice President | - | $2,600 | - | $2,600 |
| Duane Wilts | Director | - | $2,425 | - | $2,425 |
| Terry Monson | Director | - | $2,300 | - | $2,300 |
| Karen Kath | Treasurer | - | $2,250 | - | $2,250 |
| Doug Diekmann | Director | - | $2,200 | - | $2,200 |
| Randy Weick | Director | - | $1,825 | - | $1,825 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $9,312,995
- Investment Income
- $109,305
- Other Revenue
- $319,941
- Change in Net Assets
- $1,153,376
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $7,097,424 |
| Salaries, Compensation, and Employee Benefits | $1,491,441 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $940,361 |
| Depreciation Depletion | - | - | - | $691,370 |
| Interest | - | - | - | $665,745 |
| Pension Plan Contributions | - | - | - | $179,475 |
| Payroll Taxes | - | - | - | $145,312 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $128,561 |
| Other Employee Benefits | - | - | - | $97,732 |
| Office Expenses | - | - | - | $74,494 |
| Conferences and Meetings | - | - | - | $38,823 |
| Fees for Services Accounting | - | - | - | $12,537 |
| Advertising | - | - | - | $12,000 |
| Insurance | - | - | - | $9,559 |
| Fees for Services Legal | - | - | - | $7,612 |
| Other Expenses | - | - | - | $5,560 |
| Fees for Services Other | - | - | - | $3,190 |
| Total Functional Expenses | $0 | $0 | $0 | $8,588,865 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Consumers Deposits | $10,350 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- 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, Part VI, Section A, Line 6
“All electric customers of the cooperative are members.”
Form 990, Part VI, Section A, Line 7A
“Cooperative members elect the board of directors.”
Form 990, Part VI, Section B, Line 11
“The board of directors receive a of copy of the form 990 and review at a board meeting.”
Form 990, Part VI, Section B, Line 12C
“A. Each director and employee of traverse electric shall make every reasonable effort to comply with the letter and spirit of this policy. B. The manager shall make every reasonable effort to inform all employees about the content of this policy and make every reasonable effort based on the information available to him to see that it is complied with and report to the board of directors periodically on how this policy is being carried out. C. Consistent with the by laws of traverse electric any director or employee whose conduct infringes upon either the letter of spirit of this policy, shall be subject to: (1) if director or manager, expulsion or termination by appropriate action of the board of directors, or (2) if an employee, termination by appropriate action of the manager. The organziation document proceedings resulting from conflict of interest in board minutes and that the board member abstained from voting.”
Form 990, Part VI, Section B, Line 15A
“Board is responsible for reviewing general manager salary, general manager is responsible for recommendations for non-union wage increases, the board has to approve his recommendations as recorded in the minutes. The board and manager negotiate union employee wages through labor contract negotiations. General manager seeks comparable salary data from neighboring cooperatives comparable in size in both mn and sd and provides this information to the board. The deliberation and decision in board minutes. The process was last conducted september 2014 as recorded in board minutes for general manager, line supt. And office manager positions. The manager from time to time will seek wage comparisons for other nonunion employees using the same method. Union employee wages are compared to other co-ops each time contracts are negotiated.”
Form 990, Part VI, Section C, Line 19
“The cooperative makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”
Filing and Contact Details
Filer
- Filer Name
- Traverse Electric Cooperative Inc
- EIN
- 41-0581955
- Phone
- 3205638616
- Address
- 1618 BROADWAY PO BOX 66, WHEATON, MN 56296-0066
Signing Officer
- Name
- Clayton Halverson
- Title
- General Manager
- Phone
- 3205638616
- Signed
- 2015-10-29
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Alan Veflin
- Formed
- 1940
- Legal Domicile
- Mn
- Voting Board Members
- 9
- Independent Board Members
- 9
- Employees
- 14
- Volunteers
- 0
Preparer
- Firm
- Cliftonlarsonallen Llp
- Address
- 510 22ND AVE EAST - SUITE 501, ALEXANDRIA, MN 56308
- Preparer
- Dennis Schmidt
- Phone
- 3207595100
Supplemental Narrative
Additional Explanations
FORM 990, PART XI, LINE 9:
“Payments of capital credits -322,677. Donated capital 22,951.”
Financial Statement Notes
Part XI
“The organization has audit reports with year-ended of march 31, 2014 and 2015, which is different year-end than tax returns.”
Raw XML Appendix381 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/AccountsReceivableGrp/EOYAmt | 0 | 826761 |
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| IRS990/Desc | 0 | SALES OF ELECTRIC POWER TO 2,188 MEMBERS. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
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| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 3190 |
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| IRS990/ForeignFinancialAccountInd | 0 | 0 |
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| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
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| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 108605 |
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| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 4099945 |
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| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO PROVIDE ELECTRIC SERVICE TO OUR MEMBERS AT THE LOWEST POSSIBLE COST. |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 9044325 |
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| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
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| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 97732 |
| IRS990/OtherExpensesGrp/Desc | 0 | PURCHASED POWER |
| IRS990/OtherExpensesGrp/Desc | 1 | MAINTENANCE OF GENERAL |
| IRS990/OtherExpensesGrp/Desc | 2 | DUES |
| IRS990/OtherExpensesGrp/Desc | 3 | SALES EXPENSES |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 5491738 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 49967 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 34829 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 5560 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 9300 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 10350 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 221000 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | CAPITAL CREDITS |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 317400 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 317400 |
| IRS990/OtherRevenueTotalAmt | 0 | 317400 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 940361 |
| IRS990/OtherSourcesGrossIncomeAmt | 0 | 429246 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 145312 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 291194 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 314145 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 179475 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 499880 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 440696 |
| IRS990/PrincipalOfficerNm | 0 | ALAN VEFLIN |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 221000 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | ELECTRIC SERVICE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 9312995 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 9312995 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 105199 |
| IRS990/PYOtherExpensesAmt | 0 | 6817153 |
| IRS990/PYOtherRevenueAmt | 0 | 285608 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 8837770 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 974323 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1437101 |
| IRS990/PYTotalExpensesAmt | 0 | 8254254 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 9228577 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 1153376 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 7899481 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 8730180 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 2649119 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 3684397 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 145479 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 269713 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 415192 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 14053250 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 8484729 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 22537979 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 16644 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 16644 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 49917 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 49917 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 10350 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | CONSUMERS DEPOSITS |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 160179 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 1 | 3939766 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | ERC LOANS |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | CAPITAL CREDITS IN OTHER CO-OPS |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | C |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION HAS AUDIT REPORTS WITH YEAR-ENDED OF MARCH 31, 2014 AND 2015, WHICH IS DIFFERENT YEAR-END THAN TAX RETURNS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART XI |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 14265290 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 4099945 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 10350 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ALL ELECTRIC CUSTOMERS OF THE COOPERATIVE ARE MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | COOPERATIVE MEMBERS ELECT THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD OF DIRECTORS RECEIVE A OF COPY OF THE FORM 990 AND REVIEW AT A BOARD MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | A. EACH DIRECTOR AND EMPLOYEE OF TRAVERSE ELECTRIC SHALL MAKE EVERY REASONABLE EFFORT TO COMPLY WITH THE LETTER AND SPIRIT OF THIS POLICY. B. THE MANAGER SHALL MAKE EVERY REASONABLE EFFORT TO INFORM ALL EMPLOYEES ABOUT THE CONTENT OF THIS POLICY AND MAKE EVERY REASONABLE EFFORT BASED ON THE INFORMATION AVAILABLE TO HIM TO SEE THAT IT IS COMPLIED WITH AND REPORT TO THE BOARD OF DIRECTORS PERIODICALLY ON HOW THIS POLICY IS BEING CARRIED OUT. C. CONSISTENT WITH THE BY LAWS OF TRAVERSE ELECTRIC ANY DIRECTOR OR EMPLOYEE WHOSE CONDUCT INFRINGES UPON EITHER THE LETTER OF SPIRIT OF THIS POLICY, SHALL BE SUBJECT TO: (1) IF DIRECTOR OR MANAGER, EXPULSION OR TERMINATION BY APPROPRIATE ACTION OF THE BOARD OF DIRECTORS, OR (2) IF AN EMPLOYEE, TERMINATION BY APPROPRIATE ACTION OF THE MANAGER. THE ORGANZIATION DOCUMENT PROCEEDINGS RESULTING FROM CONFLICT OF INTEREST IN BOARD MINUTES AND THAT THE BOARD MEMBER ABSTAINED FROM VOTING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BOARD IS RESPONSIBLE FOR REVIEWING GENERAL MANAGER SALARY, GENERAL MANAGER IS RESPONSIBLE FOR RECOMMENDATIONS FOR NON-UNION WAGE INCREASES, THE BOARD HAS TO APPROVE HIS RECOMMENDATIONS AS RECORDED IN THE MINUTES. THE BOARD AND MANAGER NEGOTIATE UNION EMPLOYEE WAGES THROUGH LABOR CONTRACT NEGOTIATIONS. GENERAL MANAGER SEEKS COMPARABLE SALARY DATA FROM NEIGHBORING COOPERATIVES COMPARABLE IN SIZE IN BOTH MN AND SD AND PROVIDES THIS INFORMATION TO THE BOARD. THE DELIBERATION AND DECISION IN BOARD MINUTES. THE PROCESS WAS LAST CONDUCTED SEPTEMBER 2014 AS RECORDED IN BOARD MINUTES FOR GENERAL MANAGER, LINE SUPT. AND OFFICE MANAGER POSITIONS. THE MANAGER FROM TIME TO TIME WILL SEEK WAGE COMPARISONS FOR OTHER NONUNION EMPLOYEES USING THE SAME METHOD. UNION EMPLOYEE WAGES ARE COMPARED TO OTHER CO-OPS EACH TIME CONTRACTS ARE NEGOTIATED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE COOPERATIVE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | PAYMENTS OF CAPITAL CREDITS -322,677. DONATED CAPITAL 22,951. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XI, LINE 9: |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 22681959 |
| IRS990/TotalAssetsEOYAmt | 0 | 23658135 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 22681959 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 23658135 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 14 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 8588865 |
| IRS990/TotalGrossUBIAmt | 0 | 2541 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 14491284 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 14613810 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 14491284 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 14613810 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 8190675 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 9044325 |
| IRS990/TotalOtherCompensationAmt | 0 | 12733 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 9312995 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 115828 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 426705 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 9312995 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 9742241 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 2541 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 22681959 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 23658135 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 1 |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 3484 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 5770 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 1618 BROADWAY PO BOX 66 |
| IRS990/USAddress/CityNm | 0 | WHEATON |
| IRS990/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/USAddress/ZIPCd | 0 | 562960066 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 9 |
| IRS990/VotingMembersIndependentCnt | 0 | 9 |
| IRS990/WebsiteAddressTxt | 0 | WWW.TRAVERSEELECTRIC.COM |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/BuildTS | 0 | 2016-03-07 17:11:31Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CLAYTON HALVERSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | GENERAL MANAGER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3205638616 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-10-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | TRAVERSE ELECTRIC COOPERATIVE INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | TRAV |
| ReturnHeader/Filer/EIN | 0 | 410581955 |
| ReturnHeader/Filer/PhoneNum | 0 | 3205638616 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1618 BROADWAY PO BOX 66 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | WHEATON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 562960066 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 410746749 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CLIFTONLARSONALLEN LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 510 22ND AVE EAST - SUITE 501 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ALEXANDRIA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 56308 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3207595100 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DENNIS SCHMIDT |
| ReturnHeader/ReturnTs | 0 | 2015-11-10T11:33:18-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-12-31 |
| ReturnHeader/TaxYr | 0 | 2014 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $23,658,135
- Liabilities
- $14,613,810
- Net assets
- $9,044,325
- Revenue
- $9,742,241
- Expenses
- $8,588,865
- Net income
- $1,153,376