Civic Intelligence

Howard Electric Cooperative

990 • Fiscal year 2018 • EIN 43-0330970

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

PO Box 391Fayette, MO 65248

(660) 248-3311

Siviq Scores

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

Liabilities / Assets

61st percentile

0.55x

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

2018 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

60th percentile

1.65x

Higher debt load relative to revenue than 60% of similar nonprofits.

2018 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2018

Net Margin

90th percentile

16%

Higher net margin than 90% of similar nonprofits.

2018 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

95th percentile

$348,687

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2018 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2018

Asset Growth

63rd percentile

4.4%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

97th percentile

26%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$25,382,498

Up $1,073,660 (+4.4%) from 2017

Net Assets

Up

$11,314,374

Up $644,484 (+6.0%) from 2017

Liabilities

Up

$14,068,124

Up $429,176 (+3.1%) from 2017

Revenue

Up

$8,551,597

Up $1,766,322 (+26%) from 2017

Expenses

Up

$7,177,763

Up $518,968 (+7.8%) from 2017

Net Income

Up

$1,373,834

Up $1,247,354 (+986%) from 2017

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $16,081,477Liabilities 2010: $7,583,366Net Assets 2010: $8,498,1112010Assets 2011: $17,500,520Liabilities 2011: $8,652,150Net Assets 2011: $8,848,3702011Assets 2012: $17,689,447Liabilities 2012: $8,668,846Net Assets 2012: $9,020,6012012Assets 2013: $19,673,197Liabilities 2013: $10,131,640Net Assets 2013: $9,541,5572013Assets 2014: $21,384,146Liabilities 2014: $11,392,846Net Assets 2014: $9,991,3002014Assets 2015: $21,937,174Liabilities 2015: $11,836,504Net Assets 2015: $10,100,6702015Assets 2016: $22,780,229Liabilities 2016: $12,237,294Net Assets 2016: $10,542,9352016Assets 2017: $24,308,838Liabilities 2017: $13,638,948Net Assets 2017: $10,669,8902017Assets 2018: $25,382,498Liabilities 2018: $14,068,124Net Assets 2018: $11,314,3742018Assets 2019: $25,895,000Liabilities 2019: $14,218,774Net Assets 2019: $11,676,2262019Assets 2020: $26,616,692Liabilities 2020: $14,662,328Net Assets 2020: $11,954,3642020Assets 2021: $28,589,659Liabilities 2021: $16,477,974Net Assets 2021: $12,111,6852021Assets 2022: $29,268,152Liabilities 2022: $16,729,695Net Assets 2022: $12,538,4572022Assets 2023: $31,290,611Liabilities 2023: $17,915,659Net Assets 2023: $13,374,9522023Assets 2024: $31,527,993Liabilities 2024: $17,030,450Net Assets 2024: $14,497,5432024

Highlighted filing

2018

Assets$25,382,498
Liabilities$14,068,124
Net Assets$11,314,374

Operations Trend

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

$10M$5.0M$0Expenses 2010: $5,248,8522010Expenses 2011: $5,764,6722011Expenses 2012: $5,765,6662012Revenue 2013: $6,331,749Expenses 2013: $6,331,749Net Income 2013: $02013Revenue 2014: $6,554,483Expenses 2014: $6,554,483Net Income 2014: $02014Revenue 2015: $6,362,421Expenses 2015: $6,362,421Net Income 2015: $02015Revenue 2016: $6,743,296Expenses 2016: $6,302,066Net Income 2016: $441,2302016Revenue 2017: $6,785,275Expenses 2017: $6,658,795Net Income 2017: $126,4802017Revenue 2018: $8,551,597Expenses 2018: $7,177,763Net Income 2018: $1,373,8342018Revenue 2019: $7,966,057Expenses 2019: $7,430,515Net Income 2019: $535,5422019Revenue 2020: $7,850,430Expenses 2020: $7,674,042Net Income 2020: $176,3882020Revenue 2021: $7,815,337Expenses 2021: $7,759,591Net Income 2021: $55,7462021Revenue 2022: $8,108,424Expenses 2022: $7,957,567Net Income 2022: $150,8572022Revenue 2023: $8,918,400Expenses 2023: $8,082,805Net Income 2023: $835,5952023Revenue 2024: $9,465,174Expenses 2024: $8,773,473Net Income 2024: $691,7012024

Highlighted filing

2018

Revenue$8,551,597
Expenses$7,177,763
Net Income$1,373,834
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$8,551,597
Mission and Program Overview

Mission

As a cooperative, Howard Electric operates on a non-profit basis. All revenue above the cost of doing business (margins) is assigned to the members under a patronage refund plan called capital credits. The cooperative assigned capital credits annually and keeps a careful record of each member's investment in the co-op.

We are proud to provide safe, reliable, affordable and clean electric power to our member-owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,899,061$18,149,990▲ $250,929
Rtn Earn Endowment Incm Other Fnds$10,604,725$11,248,559▲ $643,834
Investments Program Related$3,104,106$3,352,499▲ $248,393
Savings and Temporary Cash Investments$1,825,902$2,257,552▲ $431,650
Accounts Receivable$575,407$699,194▲ $123,787
Inventories for Sale or Use$335,887$366,053▲ $30,166
Prepaid Expenses and Deferred Charges$407,434$354,228▼ $53,206
Cash and Non-Interest-Bearing Accounts$161,041$202,982▲ $41,941
Cap Stk Tr Prin Current Funds$65,165$65,815▲ $650
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$24,308,838$25,382,498▲ $1,073,660
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,791,131$12,691,415▼ $99,716
Deferred Revenue-$730,000-
Accounts Payable and Accrued Expenses$628,583$434,581▼ $194,002
Other Liabilities$219,234$212,128▼ $7,106
Total Liabilities$13,638,948$14,068,124▲ $429,176
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,669,890$11,314,374▲ $644,484
Total Liabilities and Net Assets / Fund Balance$24,308,838$25,382,498▲ $1,073,660

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,712,281$6,663,588$24,375,869
Buildings$414,926$397,235$812,161
Land$22,783-$22,783
Investment Program Related Org$48,750--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard FowlerGeneral ManagerFT$200,908$147,779$348,687
Richard ColvinOperations ManagerFT$99,275$50,857$150,132
Amber OverfeltOffice ManagerFT$62,379$22,695$85,074
Bill WestfallDirector-$7,900-$7,900
Bill JohnTreasurer-$6,700-$6,700
Lee YoungDirector-$6,300-$6,300
George FrinkDirectorPT$6,100-$6,100
Ken NordmeyerVice President-$5,900-$5,900
Debbie WiswallSecretary-$3,900-$3,900
Dale KirbyPresidentPT$3,300-$3,300
Oran BouldenDirector-$2,900-$2,900
Marvin HilgedickDirector-$2,700-$2,700

Highest Paid Contractors

ContractorServicesLocationCompensation
Burbridge Tree ServiceROW Clearing559 State Rt Y, Harrisburg, MO 65256$377,829
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,087,140
Investment Income
$170,961
Other Revenue
$293,496
Change in Net Assets
$1,373,834

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,821,597
Revenue Not Reported on Financial Statements
$730,000
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$730,000
Total Revenue per Audited Statements
$7,821,597
Total Revenue per Form 990
$8,551,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,808,988
Salaries, Compensation, and Employee Benefits$308,840
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$656,841--$656,841
All Other Expenses$444,193--$444,193
Interest$426,470--$426,470
Other Expenses$357,379--$357,379
Current Officers, Directors, Trustees, and Key Employees$308,840--$308,840
Benefits to Members$59,935--$59,935
Total Functional Expenses$7,177,763$0$0$7,177,763

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,177,763
Expenses per Audited Statements$7,117,828
Total Expenses per Audited Statements$7,117,828
Expenses Not Reported on Financial Statements$59,935
Other Expense Adjustments$59,935
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Member/Owner of G&T Electric CooperativePurchase of electric energy for resale to the cooperative's member/ownersYes$3,427,119
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Advances and Deposits$137,287
Deferred Compensation$74,841
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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, Section A, line 6

Every electric service customer of the cooperative is a member/owner and has a right to a vote at the cooperative's annual meeting.

Form 990, Part VI, Section A, line 7A

Members of the board of directors are elected by the member/owners of the cooperative at the annual meeting.

Form 990, Part VI, Section A, line 7B

Members of the cooperative may vote to amend the bylaws of the cooperative

Form 990, Part VI, Section B, line 11B

The Federal Form 990 is presented to and discussed by the Board of Directors and formally approved before the form is filed with the Internal Revenue Service.

Form 990, Part VI, Section B, line 15

The process for determining the General Manager's compensation by the Howard Electric board of directors included a review of the General Manager's performance, comparisons of other General Manager salaries in the State of Missouri and in the Midwest and an in depth deliberation before the ultimate decision was made setting the general manager's compensation. All of this is set forth in the Minutes of the Howard Electric Board of Directors, such minutes were approved by the full board.

Form 990, Part VI, Section C, line 18

Information is available upon request of the Cooperative or at www.guidestar.org

Form 990, Part VI, Section C, line 19

Governing documents, conflict of interest policies and financial statements are available for public inspection by contacting General Manager Richard Fowler at the Cooperative.

Form 990, Part VII and Schedule J

Other compensation includes "estimates" of future costs that are not reflected in rates. Rates to members are based on actual costs which are less than of the amount listed here. These other compensations include estimated (not actual) increases or decreases in actuarial values whether or not funded. NRECA's defined benefit plan is well over 90% funded which at this point in time has mostly eliminated future unfunded costs.

Filing and Contact Details

Filer

Filer Name
Howard Electric Cooperative
EIN
43-0330970
Phone
6602483311
Address
PO Box 391, Fayette, MO 65248

Signing Officer

Name
Richard T Fowler
Title
General Manager
Phone
6602483310
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard T Fowler
Formed
1936
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
16
Volunteers
0

Preparer

Firm
Dennis G Koch CPA
Address
PO Box 1007, Quincy, IL 62306-1007
Preparer
Dennis G Koch
Phone
2172248484
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Memberships (net) 650. Increase in deferred revenues -730,000.

Financial Statement Notes

Part X, Line 2:

The cooperative evaluates the components of the annual test for maintenance of its tax-exempt status under section 501(c)(12) of the Internal Revenue Code of 1986, as amended. This process includes an analysis of whether the position the cooperative takes with regard to a particular item of income would meet the definition of an uncertain tax position under Financial Accounting Interpretation No. 48, Accounting for Uncertainty in Income Taxes.

Part XI, Line 4B - Other Adjustments:

Deferred revenue

Part XII, Line 4B - Other Adjustments:

Capital Creidts Retired, reported as paid to members

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IRS990/Form990PartVIISectionAGrp/TitleTxt0General Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt018149990
IRS990/LandBldgEquipCostOrOtherBssAmt025210813
IRS990/LegalDomicileStateCd0MO
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt07900328
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0As a cooperative, Howard Electric operates on a non-profit basis. All revenue above the cost of doing business (margins) is assigned to the members under a patronage refund plan called capital credits. The cooperative assigned capital credits annually and keeps a careful record of each member's investment in the co-op.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt012791131
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012691415
IRS990/NetAssetsOrFundBalancesBOYAmt010669890
IRS990/NetAssetsOrFundBalancesEOYAmt011314374
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-729350
IRS990/OtherExpensesGrp/Desc0Purchased Power
IRS990/OtherExpensesGrp/Desc1Distribution Maintenanc
IRS990/OtherExpensesGrp/Desc2Customer Service
IRS990/OtherExpensesGrp/Desc3Administration
IRS990/OtherExpensesGrp/ProgramServicesAmt03427119
IRS990/OtherExpensesGrp/ProgramServicesAmt1981461
IRS990/OtherExpensesGrp/ProgramServicesAmt2515525
IRS990/OtherExpensesGrp/ProgramServicesAmt3357379
IRS990/OtherExpensesGrp/TotalAmt03427119
IRS990/OtherExpensesGrp/TotalAmt1981461
IRS990/OtherExpensesGrp/TotalAmt2515525
IRS990/OtherExpensesGrp/TotalAmt3357379
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0219234
IRS990/OtherLiabilitiesGrp/EOYAmt0212128
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0Subsidiary Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0293496
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0293496
IRS990/OtherRevenueTotalAmt0293496
IRS990/OtherSourcesGrossIncomeAmt0651269
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0407434
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0354228
IRS990/PrincipalOfficerNm0Richard T Fowler
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0Energy Sales
IRS990/ProgramServiceRevenueGrp/Desc1Capital Credits
IRS990/ProgramServiceRevenueGrp/Desc2Other Electric Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07656485
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1338912
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt291743
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07656485
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1338912
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt291743
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0229865
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0125960
IRS990/PYOtherExpensesAmt06191060
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt06659315
IRS990/PYRevenuesLessExpensesAmt0126480
IRS990/PYSalariesCompEmpBnftPaidAmt0237870
IRS990/PYTotalExpensesAmt06658795
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06785275
IRS990/ReconcilationRevenueExpnssAmt01373834
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt08551597
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt010604725
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt011248559
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01825902
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02257552
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0414926
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0397235
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0812161
IRS990ScheduleD/EquipmentGrp/BookValueAmt017712281
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06663588
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024375869
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt059935
IRS990ScheduleD/ExpensesSubtotalAmt07117828
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02823316
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1167743
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2312690
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt348750
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Associated Organizations
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CFC Certificates
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2Subsidiary Company
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3Other
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt022783
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt022783
IRS990ScheduleD/OtherExpensesNotIncludedAmt059935
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0137287
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt174841
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Customer Advances and Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Compensation
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0730000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0730000
IRS990ScheduleD/RevenueSubtotalAmt07821597
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The cooperative evaluates the components of the annual test for maintenance of its tax-exempt status under section 501(c)(12) of the Internal Revenue Code of 1986, as amended. This process includes an analysis of whether the position the cooperative takes with regard to a particular item of income would meet the definition of an uncertain tax position under Financial Accounting Interpretation No. 48, Accounting for Uncertainty in Income Taxes.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Deferred revenue
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Capital Creidts Retired, reported as paid to members
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018149990
IRS990ScheduleD/TotalBookValueProgramRltdAmt03352499
IRS990ScheduleD/TotalExpensesPerForm990Amt07177763
IRS990ScheduleD/TotalLiabilityAmt0212128
IRS990ScheduleD/TotalRevenuePerForm990Amt08551597
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07821597
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07117828
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0200908
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt199275
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0126018
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt137572
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt012211
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt112211
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt09550
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt11074
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Richard Fowler
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Richard Colvin
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0General Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Operations Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0348687
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1150132
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Compensation of the General Manager is done by comparing the salaries of like-sized Electric Cooperatives in similar financial and physical condition, neighboring investor owned utilities and other comparative data. The Board of Directors approve the compensation package annually.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Central Electric Power Cooperative
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Member/Owner of G&T Electric Cooperative
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd01
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt03427119
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Purchase of electric energy for resale to the cooperative's member/owners
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Every electric service customer of the cooperative is a member/owner and has a right to a vote at the cooperative's annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members of the board of directors are elected by the member/owners of the cooperative at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members of the cooperative may vote to amend the bylaws of the cooperative
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Federal Form 990 is presented to and discussed by the Board of Directors and formally approved before the form is filed with the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The process for determining the General Manager's compensation by the Howard Electric board of directors included a review of the General Manager's performance, comparisons of other General Manager salaries in the State of Missouri and in the Midwest and an in depth deliberation before the ultimate decision was made setting the general manager's compensation. All of this is set forth in the Minutes of the Howard Electric Board of Directors, such minutes were approved by the full board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Information is available upon request of the Cooperative or at www.guidestar.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Governing documents, conflict of interest policies and financial statements are available for public inspection by contacting General Manager Richard Fowler at the Cooperative.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Other compensation includes "estimates" of future costs that are not reflected in rates. Rates to members are based on actual costs which are less than of the amount listed here. These other compensations include estimated (not actual) increases or decreases in actuarial values whether or not funded. NRECA's defined benefit plan is well over 90% funded which at this point in time has mostly eliminated future unfunded costs.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Memberships (net) 650. Increase in deferred revenues -730,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.5$17.0$14.5$9.47$8.77$0.69
2023Detailed filing. Detailed filing data is available for this year.$31.3$17.9$13.4$8.92$8.08$0.84
2022Detailed filing. Detailed filing data is available for this year.$29.3$16.7$12.5$8.11$7.96$0.15
2021Detailed filing. Detailed filing data is available for this year.$28.6$16.5$12.1$7.82$7.76$0.06
2020Detailed filing. Detailed filing data is available for this year.$26.6$14.7$12.0$7.85$7.67$0.18
2019Detailed filing. Detailed filing data is available for this year.$25.9$14.2$11.7$7.97$7.43$0.54
2018Detailed filing. Detailed filing data is available for this year.$25.4$14.1$11.3$8.55$7.18$1.37
2017Detailed filing. Detailed filing data is available for this year.$24.3$13.6$10.7$6.79$6.66$0.13
2016Detailed filing. Detailed filing data is available for this year.$22.8$12.2$10.5$6.74$6.30$0.44
2015Detailed filing. Detailed filing data is available for this year.$21.9$11.8$10.1$6.36$6.36$0.00
2014Detailed filing. Detailed filing data is available for this year.$21.4$11.4$9.99$6.55$6.55$0.00
2013Detailed filing. Detailed filing data is available for this year.$19.7$10.1$9.54$6.33$6.33$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$8.67$9.02$5.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$8.65$8.85$5.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$7.58$8.50$5.25