Civic Intelligence

Clearwater Polk Electric Cooperative Inc

990 • Fiscal year 2012 • EIN 41-0654789

Jan 01, 2012 to Dec 31, 2012 • Filed on Aug 23, 2013

Organization Profilewww.clearwater-polk.com

View Organization Page

PO Box O56621-1001
Siviq Scores

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

Liabilities / Assets

61st percentile

0.49x

Higher debt load relative to assets than 61% of similar nonprofits.

2012 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

34th percentile

-0.1%

Faster asset growth than 34% of similar nonprofits.

2012 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$18,320,341

Down $16,393 (-0.1%) from 2011

Net Assets

Up

$9,410,249

Up $452,772 (+5.1%) from 2011

Liabilities

Down

$8,910,092

Down $469,165 (-5.0%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$8,159,894

Down $90,031 (-1.1%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$30M$20M$10M$0Assets 2010: $17,478,353Liabilities 2010: $8,779,945Net Assets 2010: $8,698,4082010Assets 2011: $18,336,734Liabilities 2011: $9,379,257Net Assets 2011: $8,957,4772011Assets 2012: $18,320,341Liabilities 2012: $8,910,092Net Assets 2012: $9,410,2492012Assets 2013: $19,287,138Liabilities 2013: $9,371,211Net Assets 2013: $9,915,9272013Assets 2014: $19,029,876Liabilities 2014: $8,979,725Net Assets 2014: $10,050,1512014Assets 2015: $20,231,574Liabilities 2015: $9,722,950Net Assets 2015: $10,508,6242015Assets 2016: $20,528,383Liabilities 2016: $9,754,444Net Assets 2016: $10,773,9392016Assets 2017: $21,160,706Liabilities 2017: $10,140,410Net Assets 2017: $11,020,2962017Assets 2018: $21,150,020Liabilities 2018: $9,714,227Net Assets 2018: $11,435,7932018Assets 2019: $21,595,600Liabilities 2019: $9,990,742Net Assets 2019: $11,604,8582019Assets 2020: $21,716,441Liabilities 2020: $9,903,504Net Assets 2020: $11,812,9372020Assets 2021: $22,414,595Liabilities 2021: $10,227,135Net Assets 2021: $12,187,4602021Assets 2022: $22,739,377Liabilities 2022: $10,316,240Net Assets 2022: $12,423,1372022Assets 2023: $22,875,491Liabilities 2023: $10,105,278Net Assets 2023: $12,770,2132023Assets 2024: $23,404,579Liabilities 2024: $10,580,840Net Assets 2024: $12,823,7392024

Highlighted filing

2012

Assets$18,320,341
Liabilities$8,910,092
Net Assets$9,410,249
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $6,788,4942010Expenses 2011: $8,249,9252011Expenses 2012: $8,159,8942012Revenue 2013: $8,945,500Expenses 2013: $8,859,552Net Income 2013: $85,9482013Revenue 2014: $9,139,063Expenses 2014: $9,392,248Net Income 2014: -$253,1852014Revenue 2015: $9,139,484Expenses 2015: $8,898,262Net Income 2015: $241,2222015Revenue 2016: $9,098,362Expenses 2016: $9,005,751Net Income 2016: $92,6112016Revenue 2017: $9,611,904Expenses 2017: $9,559,380Net Income 2017: $52,5242017Revenue 2018: $10,190,971Expenses 2018: $10,129,863Net Income 2018: $61,1082018Revenue 2019: $9,997,650Expenses 2019: $9,945,353Net Income 2019: $52,2972019Revenue 2020: $9,916,145Expenses 2020: $9,700,649Net Income 2020: $215,4962020Revenue 2021: $10,431,714Expenses 2021: $10,004,368Net Income 2021: $427,3462021Revenue 2022: $10,516,706Expenses 2022: $10,295,232Net Income 2022: $221,4742022Revenue 2023: $10,382,499Expenses 2023: $10,175,331Net Income 2023: $207,1682023Revenue 2024: $10,256,913Expenses 2024: $10,185,531Net Income 2024: $71,3822024

Highlighted filing

2012

Revenue-
Expenses$8,159,894
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Aug 23, 2013
Return Version
2012v2.1
Gross Receipts
$8,346,518
Mission and Program Overview

Mission

Clearwater-Polk Electric Cooperative will strive to provide economical and reliable energy services while ensuring the safety and well-being of our employees and members with consideration for the environment.

Filing and Contact Details

Filer

EIN
41-0654789
Raw XML AppendixShowing 400 of 494 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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IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0The Cooperative is exempt from income taxes under Section 501(c)(12). The subsidiary is a taxable C-Corporation and files IRS Form 1120 as required. The Cooperative follows the provisions of Accounting and Standards Codification (ASC) 740-10 Accounting for Uncertainty in Income Taxes. As of December 31, 2012, the unrecognized tax benefit accrual was zero. The Cooperative will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if such penalties and interest are incurred. Under normal circumstances, the Cooperative and Subsidiary are no longer subject to Federal tax examinations by tax authorities for years before 2009 and state examinations for years before 2009. The Cooperative and Subsidiary have undergone an annual analysis of various tax positions, assessing the likelihood of those positions being upheld upon examination with relevant tax authorities, as defined by ASC 740-10.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1Northern Safety and Security Book Income 14,600. Equity Earnings of Rural Energy Services 113,966.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2Northern Safety and Security K-1 Income 10,938. Rental Expenses Reclasses to Revenue -1,660.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation3Rental Expenses Reclasses to Revenue 1,660.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation4Patronage Capital Credits Allocated For Current Year 195,293.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0Description of Uncertain Tax Positions Under FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier2Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier4Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0Part X, Line 2:
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IRS990ScheduleO/GeneralExplanation/Explanation0Due to the time spent together on the related orgnization Leroy Riewer, Bruce Bjerke and Debbie Olson have a business relationship.
IRS990ScheduleO/GeneralExplanation/Explanation1The Cooperative is member owned. There is only one class of members.
IRS990ScheduleO/GeneralExplanation/Explanation2Each member of the Cooperative has one vote in the election of board members.
IRS990ScheduleO/GeneralExplanation/Explanation3Each member of the Cooperative is allowed one vote on changes and amendments to the bylaws.
IRS990ScheduleO/GeneralExplanation/Explanation4There were no committees with authority to act on behalf of the governing body.
IRS990ScheduleO/GeneralExplanation/Explanation5The Form 990 was reviewed by the General Manager and the Office Manager prior to presenting to the Board of Directors at the July 2013 board meeting.
IRS990ScheduleO/GeneralExplanation/Explanation6Board members are asked to disclose any potential conflicts prior to taking office, and they also complete conflict of interest disclosure statements if they run for re-election when their terms are up. This process occurs every 3 years. Board members and officers are covered by the policy. It is the responsibility of the board to review compliance with the conflict of interest policy and to consult with any board member or the General Manager as a situation may require. It is the General Manager's responsibility to provide assistance to the board to assure compliance with the policy and it is the responsibility of legal counsel to counsel and/or advise individual board members and/or the board regarding the policy. Full disclosure must be made to the board of any facts that may indicate a conflict of interest. Board members disqualify themselves from decisions that pose a conflict of interest or the appearance of a conflict of interest. They may request an opinion of the Cooperative's legal counsel before such action is taken.
IRS990ScheduleO/GeneralExplanation/Explanation7The independent board members each complete an annual review of the General Manager using a rating system. The board members meet to discuss their evaluations. The General Manager submits a salary schedule for the Office Manager to the Board for their review and approval. The board gathers comparability data from similarly sized cooperatives in the region when deliberating the salary for both the General Manager and Office Manager. The benefits are reviewed and approved based on the union contract per the employee policy book. The decision is documented in the board minutes. This process was last undertaken in 2012, as this is an annual review.
IRS990ScheduleO/GeneralExplanation/Explanation8The bylaws, financial statements, and conflict of interest policy are available upon request. Year end financial statements are presented to the membership at the Cooperative's annual meeting. A request form for documents is available to obtain the information.
IRS990ScheduleO/GeneralExplanation/Explanation9All members of the governing body, with the exception of the President, have the same voting rights. The President only votes in the case of a tie.
IRS990ScheduleO/GeneralExplanation/Explanation10Included in column "f", estimated amount of other compensation, is the estimated annual increase in the actuarial value of the defined benefit plan. The estimated increase for Bruce Bjerke is $29,489 and for Deborah Olson is $29,499. These amounts are estimates in the increase of the value of the plan and are not current year expenses of the cooperative. The current year expense for this defined benefit plan was $24,714 and $19,291, respectively.
IRS990ScheduleO/GeneralExplanation/Explanation11The labor, pension, and payroll taxes reported on lines 5-10 are already included in distribution expense, administrative & general expense and customer expense. Therefore, these amounts are being subtracted out as an other deduction included on line 24e in the amount of $(1,344,655).
IRS990ScheduleO/GeneralExplanation/Explanation12The Cooperative has interpreted the instructions to Part IX, Line 4, to mean patronage capital allocated for the year, rather than patronage capital retired. This is consistent with the Bylaws of the Cooperative.
IRS990ScheduleO/GeneralExplanation/Explanation13Northern Safety and Security Book Income 14,600. Northern Safety and Security K-1 Income -10,938. Change in Membership -3,635. Gain on Retired Capital Credits 52,493. Retirement of Capital Credits -93,971. Equity Earnings of Rural Energy Services 113,966. Patronage Capital Credits Allocated For Current Year 195,293.
IRS990ScheduleO/GeneralExplanation/Identifier0Compensation Of Officers
IRS990ScheduleO/GeneralExplanation/Identifier1Other Expenses
IRS990ScheduleO/GeneralExplanation/Identifier2Changes in Net Assets or Fund Balances:
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference7Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/GeneralExplanation/ReturnReference8Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference9Form 990, Part VI, line 1
IRS990ScheduleO/GeneralExplanation/ReturnReference10Form 990, Part VII, Section A, Column (F)
IRS990ScheduleO/GeneralExplanation/ReturnReference11Form 990, Part IX, Statement Of Functional Expenses, Line 24e
IRS990ScheduleO/GeneralExplanation/ReturnReference12Form 990, Part IX, Line 4
IRS990ScheduleO/GeneralExplanation/ReturnReference13Form 990, Part XI, line 9:
IRS990/ScheduleORequired01
IRS990ScheduleR/DividendsRelatedOrganization01
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine10PO BOX O
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0Bagley
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0MN
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode056621
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg01
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityName/BusinessNameLine10Clearwater-Polk Electric Cooperative Inc
IRS990ScheduleR/Form990ScheduleRPartII/EIN0411852834
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(c)(3)
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0MN
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10Clearwater-Polk Electric Trust
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0Accumulation and distribution of charitable and educational purpose funds
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus07
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/AddressLine10PO Box 117
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/City0Bagley
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/State0MN
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/ZIPCode0566210117
IRS990ScheduleR/Form990ScheduleRPartIV/ControlledOrg01
IRS990ScheduleR/Form990ScheduleRPartIV/DirectControllingEntityName/BusinessNameLine10Clearwater-Polk Electric Cooperative Inc
IRS990ScheduleR/Form990ScheduleRPartIV/EIN0411962563
IRS990ScheduleR/Form990ScheduleRPartIV/LegalDomicileState0MN
IRS990ScheduleR/Form990ScheduleRPartIV/NameOfRelatedOrg/BusinessNameLine10Rural Energy Services Co
IRS990ScheduleR/Form990ScheduleRPartIV/PrimaryActivity0Propane Sales
IRS990ScheduleR/Form990ScheduleRPartIV/ShareOfTotalIncome0594010
IRS990ScheduleR/Form990ScheduleRPartIV/TypeOfEntity0C
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg00
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg01
IRS990ScheduleR/OtherTransferFromOtherOrg00
IRS990ScheduleR/OtherTransferToOtherOrg01
IRS990ScheduleR/PerformOfServicesByOtherOrgs00
IRS990ScheduleR/PerformOfServicesForOtherOrgs00
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties01
IRS990ScheduleR/ReimbursementPaidByOtherOrg01
IRS990ScheduleR/ReimbursementPaidToOtherOrg00
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs00
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs00
IRS990ScheduleR/SaleOfAssetsToOtherOrg00
IRS990ScheduleR/SharingOfFacilities00
IRS990ScheduleR/SharingOfPaidEmployees00
IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved019580
IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved1158037
IRS990ScheduleR/TransactionsRelatedOrgsTable/MethodOfAmtDetermination0General Ledger
IRS990ScheduleR/TransactionsRelatedOrgsTable/MethodOfAmtDetermination1General Ledger
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine10Rural Energy Services
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine11Rural Energy Services
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine12Rural Energy Services

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$18,320,341
Liabilities
$8,910,092
Net assets
$9,410,249
Revenue
-
Expenses
$8,159,894
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.4$10.6$12.8$10.3$10.2$0.07
2023Detailed filing. Detailed filing data is available for this year.$22.9$10.1$12.8$10.4$10.2$0.21
2022Detailed filing. Detailed filing data is available for this year.$22.7$10.3$12.4$10.5$10.3$0.22
2021Detailed filing. Detailed filing data is available for this year.$22.4$10.2$12.2$10.4$10.0$0.43
2020Detailed filing. Detailed filing data is available for this year.$21.7$9.90$11.8$9.92$9.70$0.22
2019Detailed filing. Detailed filing data is available for this year.$21.6$9.99$11.6$10.00$9.95$0.05
2018Detailed filing. Detailed filing data is available for this year.$21.2$9.71$11.4$10.2$10.1$0.06
2017Detailed filing. Detailed filing data is available for this year.$21.2$10.1$11.0$9.61$9.56$0.05
2016Detailed filing. Detailed filing data is available for this year.$20.5$9.75$10.8$9.10$9.01$0.09
2015Detailed filing. Detailed filing data is available for this year.$20.2$9.72$10.5$9.14$8.90$0.24
2014Detailed filing. Detailed filing data is available for this year.$19.0$8.98$10.1$9.14$9.39$0.25
2013Detailed filing. Detailed filing data is available for this year.$19.3$9.37$9.92$8.95$8.86$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.3$8.91$9.41$8.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.3$9.38$8.96$8.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$8.78$8.70$6.79