Civic Intelligence

Howard Electric Cooperative

990 • Fiscal year 2022 • EIN 43-0330970

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 23, 2023

Organization Profilewww.howardelectric.com
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

71st percentile

0.57x

Higher debt load relative to assets than 71% of similar nonprofits.

2022 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

73rd percentile

2.06x

Higher debt load relative to revenue than 73% of similar nonprofits.

2022 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2022

Net Margin

50th percentile

1.9%

Higher net margin than 50% of similar nonprofits.

2022 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

58th percentile

$224,391

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2022 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2022

Asset Growth

39th percentile

2.4%

Faster asset growth than 39% of similar nonprofits.

2022 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

37th percentile

3.8%

Faster revenue growth than 37% of similar nonprofits.

2022 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$29,268,152

Up $678,493 (+2.4%) from 2021

Net Assets

Up

$12,538,457

Up $426,772 (+3.5%) from 2021

Liabilities

Up

$16,729,695

Up $251,721 (+1.5%) from 2021

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin50th percentile

Revenue

Up

$8,108,424

Up $293,087 (+3.8%) from 2021

Expenses

Up

$7,957,567

Up $197,976 (+2.6%) from 2021

Net Income

Up

$150,857

Up $95,111 (+171%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

2022

Assets$29,268,152
Liabilities$16,729,695
Net Assets$12,538,457
Open 2022 Filing

Operations Trend

Revenue Growth37th percentile

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

2022

Revenue$8,108,424
Expenses$7,957,567
Net Income$150,857
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 23, 2023
Return Version
2022v5.0
Gross Receipts
$8,108,424
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$20,601,414$21,821,612▲ $1,220,198
Rtn Earn Endowment Incm Other Fnds$12,041,620$12,467,477▲ $425,857
Investments Program Related$3,703,080$3,689,974▼ $13,106
Savings and Temporary Cash Investments$1,861,901$2,071,163▲ $209,262
Accounts Receivable$503,283$654,666▲ $151,383
Inventories for Sale or Use$651,455$508,675▼ $142,780
Cash and Non-Interest-Bearing Accounts$923,740$314,691▼ $609,049
Prepaid Expenses and Deferred Charges$344,786$207,371▼ $137,415
Cap Stk Tr Prin Current Funds$70,065$70,980▲ $915
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$28,589,659$29,268,152▲ $678,493
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,747,245$15,360,928▲ $613,683
Accounts Payable and Accrued Expenses$592,612$626,331▲ $33,719
Deferred Revenue$705,000$430,000▼ $275,000
Other Liabilities$433,117$312,436▼ $120,681
Total Liabilities$16,477,974$16,729,695▲ $251,721
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,111,685$12,538,457▲ $426,772
Total Liabilities and Net Assets / Fund Balance$28,589,659$29,268,152▲ $678,493

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,216,171$6,984,321$28,200,492
Buildings$532,777$510,184$1,042,961
Land$72,664-$72,664
Investment Program Related Org$96,761--
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amber OverfeltCEO/General ManagerFT$136,726$87,665$224,391
Brandon LightfootOperations ManagerFT$115,036$67,029$182,065
Chad WesthuesConstruction ForemanFT$104,792$45,068$149,860
Emily BangeCFO/hrFT$100,354$43,990$144,344
Bill WestfallDirector-$7,600-$7,600
George FrinkDirectorPT$6,800-$6,800
Omer ConrowDirector-$5,200-$5,200
Debbie WiswallSecretary-$4,200-$4,200
Dale KirbyPresidentPT$3,800-$3,800
Marvin HilgedickDirector-$2,800-$2,800
Lee YoungVice President-$2,600-$2,600
Oran BouldenTreasurer-$2,200-$2,200
Andy CookDirector-$1,800-$1,800

Highest Paid Contractors

ContractorServicesLocationCompensation
Burbridge Tree ServiceROW Clearing559 State Rt Y, Harrisburg, MO 65256$506,531
Kiowa Line BuildersLine Construction801 MO-5, Tipton, MO 65081$432,452
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,060,367
Investment Income
$57,597
Other Revenue
$-9,540
Change in Net Assets
$150,857

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,108,424
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$275,000
Total Revenue per Audited Statements
$8,383,424
Total Revenue per Form 990
$8,108,424
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,360,900
Salaries, Compensation, and Employee Benefits$371,270
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$874,778--$874,778
All Other Expenses$718,007--$718,007
Interest$423,359--$423,359
Current Officers, Directors, Trustees, and Key Employees$371,270--$371,270
Other Expenses$368,340--$368,340
Benefits to Members$225,397--$225,397
Total Functional Expenses$7,957,567$0$0$7,957,567

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,957,567
Expenses per Audited Statements$7,732,170
Total Expenses per Audited Statements$7,732,170
Expenses Not Reported on Financial Statements$225,397
Other Expense Adjustments$225,397
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Advances and Deposits$144,296
Deferred Compensation$125,746
Post-Employment Benefits$42,394
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
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 12C

“Officers, directors and management are required to follow the Cooperative's conflict of interest policy and report any potential conflicts to the manager or legal counsel.”

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 Amber Overfelt at the Cooperative.”

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
Amber Overfelt
Title
General Manager
Phone
6602483310
Signed
2023-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amber Overfelt
Formed
1936
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
18
Volunteers
0

Preparer

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

Additional Explanations

Form 990, Part XI, line 9:

“Decrease in deferred revenues 275,000. Memberships (net) 915.”

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 2D - Other Adjustments:

“Deferred Revenue”

Part XII, Line 4B - Other Adjustments:

“Capital Credits Retired, reported as paid to members”

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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/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt08108424
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt0423359
IRS990/InterestGrp/TotalAmt0423359
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0651455
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0508675
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt057597
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt057597
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt03703080
IRS990/InvestmentsProgramRelatedGrp/EOYAmt03689974
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07494505
IRS990/LandBldgEquipBasisNetGrp/BOYAmt020601414
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021821612
IRS990/LandBldgEquipCostOrOtherBssAmt029316117
IRS990/LegalDomicileStateCd0MO
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt07918721
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/BOYAmt014747245
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt015360928
IRS990/NetAssetsOrFundBalancesBOYAmt012111685
IRS990/NetAssetsOrFundBalancesEOYAmt012538457
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0275915
IRS990/OtherExpensesGrp/Desc0Purchased Power
IRS990/OtherExpensesGrp/Desc1Distribution Maintenanc
IRS990/OtherExpensesGrp/Desc2Customer Service
IRS990/OtherExpensesGrp/Desc3Administration
IRS990/OtherExpensesGrp/ProgramServicesAmt03305038
IRS990/OtherExpensesGrp/ProgramServicesAmt11280422
IRS990/OtherExpensesGrp/ProgramServicesAmt2390956
IRS990/OtherExpensesGrp/ProgramServicesAmt3368340
IRS990/OtherExpensesGrp/TotalAmt03305038
IRS990/OtherExpensesGrp/TotalAmt11280422
IRS990/OtherExpensesGrp/TotalAmt2390956
IRS990/OtherExpensesGrp/TotalAmt3368340
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0433117
IRS990/OtherLiabilitiesGrp/EOYAmt0312436
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0Subsidiary Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0-9540
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-9540
IRS990/OtherRevenueTotalAmt0-9540
IRS990/OtherSourcesGrossIncomeAmt0189703
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0344786
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0207371
IRS990/PrincipalOfficerNm0Amber Overfelt
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/Desc0Energy Sales
IRS990/ProgramServiceRevenueGrp/Desc1Capital Credits
IRS990/ProgramServiceRevenueGrp/Desc2Other Electric Revenue
IRS990/ProgramServiceRevenueGrp/Desc3Equipment
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07818081
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1124672
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt273876
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt343738
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07818081
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1124672
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt273876
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt343738
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0304286
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt045269
IRS990/PYOtherExpensesAmt06970200
IRS990/PYOtherRevenueAmt0-15632
IRS990/PYProgramServiceRevenueAmt07785700
IRS990/PYRevenuesLessExpensesAmt055746
IRS990/PYSalariesCompEmpBnftPaidAmt0485105
IRS990/PYTotalExpensesAmt07759591
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07815337
IRS990/ReconcilationRevenueExpnssAmt0150857
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt08108424
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt012041620
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt012467477
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01861901
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02071163
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0532777
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0510184
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01042961
IRS990ScheduleD/EquipmentGrp/BookValueAmt021216171
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06984321
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028200492
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0225397
IRS990ScheduleD/ExpensesSubtotalAmt07732170
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt03367478
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1165602
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt260133
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt396761
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Associated Organizations
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CFC Certificates
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2Subsidiary Company
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3Other Investments
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt072664
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt072664
IRS990ScheduleD/OtherExpensesNotIncludedAmt0225397
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0144296
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1125746
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt242394
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Customer Advances and Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Compensation
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Post-Employment Benefits
IRS990ScheduleD/OtherRevenueAmt0275000
IRS990ScheduleD/RevenueNotReportedAmt0275000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08108424
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 Credits Retired, reported as paid to members
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021821612
IRS990ScheduleD/TotalBookValueProgramRltdAmt03689974
IRS990ScheduleD/TotalExpensesPerForm990Amt07957567
IRS990ScheduleD/TotalLiabilityAmt0312436
IRS990ScheduleD/TotalRevenuePerForm990Amt08108424
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08383424
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07732170
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0136726
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1115036
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/DeferredCompensationFlngOrgAmt061030
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt138189
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023027
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt123027
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt03608
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt15813
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Amber Overfelt
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Brandon Lightfoot
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/General Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Operations Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0224391
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1182065
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,268,152
Liabilities
$16,729,695
Net assets
$12,538,457
Revenue
$8,108,424
Expenses
$7,957,567
Net income
$150,857
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