Civic Intelligence

Ralls County Electric Cooperative

EIN 43-0470456 • 501(c)12 • New London, MO

Profile

To provide our members with safe, reliable, and affordable electricity, and offer innovative solutions to the rural community through our subsidiaries.

P O Box 157New London, MO 63459-0157

www.rallscountyelectric.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

0.68x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

2.61x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Net Margin

66th percentile

4.2%

Higher net margin than 66% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

$73,496,006

No earlier filing loaded for comparison.

Liabilities

$49,961,333

No earlier filing loaded for comparison.

Net Assets

$23,534,673

No earlier filing loaded for comparison.

Revenue

$19,176,588

No earlier filing loaded for comparison.

Expenses

$18,363,248

No earlier filing loaded for comparison.

Net Income

$813,340

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2024: $73,496,006Liabilities 2024: $49,961,333Net Assets 2024: $23,534,6732024

Highlighted filing

2024

Assets$73,496,006
Liabilities$49,961,333
Net Assets$23,534,673

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0Revenue 2024: $19,176,588Expenses 2024: $18,363,248Net Income 2024: $813,3402024

Highlighted filing

2024

Revenue$19,176,588
Expenses$18,363,248
Net Income$813,340

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$73.5$50.0$23.5$19.2$18.4$0.81
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 30, 2025
Return Version
2024v5.1
Gross Receipts
$19,176,588
Mission and Program Overview

Mission

To provide our members with safe, reliable, and affordable electricity, and offer innovative solutions to the rural community through our subsidiaries.

To provide our members with safe, reliable, and affordable electricity, and offer innovative solutions to the rural community through our subsidiary.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$43,776,119$47,485,288▲ $3,709,169
Rtn Earn Endowment Incm Other Fnds$22,054,519$23,416,918▲ $1,362,399
Investments Other Securities$13,213,667$14,409,741▲ $1,196,074
Accounts Receivable$1,923,387$2,380,355▲ $456,968
Inventories for Sale or Use$1,616,717$1,423,533▼ $193,184
Prepaid Expenses and Deferred Charges$1,368,331$1,149,242▼ $219,089
Cash and Non-Interest-Bearing Accounts$570,144$675,787▲ $105,643
Cap Stk Tr Prin Current Funds$117,755$117,755→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$66,853,497$73,496,006▲ $6,642,509
Other Assets Total$4,385,132$5,972,060▲ $1,586,928
Liabilities
Mortgage Notes Payable Secured by Investment Property$39,459,286$43,068,985▲ $3,609,699
Deferred Revenue$2,187,953$3,357,774▲ $1,169,821
Accounts Payable and Accrued Expenses$2,584,917$3,079,273▲ $494,356
Other Liabilities$449,067$455,301▲ $6,234
Total Liabilities$44,681,223$49,961,333▲ $5,280,110
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,172,274$23,534,673▲ $1,362,399
Total Liabilities and Net Assets / Fund Balance$66,853,497$73,496,006▲ $6,642,509

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$46,626,287$25,778,202$72,404,489
Buildings$801,497$753,058$1,554,555
Land$57,504-$57,504
Other Assets Org$5,972,060--
Other Securities$304,023--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lynn HodgesCEO/ManagerFT$259,118$155,256$414,374
Rhonda RobisonCFO/Assistant ManagerFT$187,862$122,547$310,409
Christopher GainesLine SuperintendentFT$133,926$68,545$202,471
Robert WinselTech COOFT$113,991$59,707$173,698
Andrew KestnerForemanFT$116,479$51,170$167,649
Christopher MundleForemanFT$119,654$35,129$154,783
Michael CoonsLinemanFT$119,761$29,972$149,733
John HemeyerDirector-$29,644-$29,644
Jerry ElsberrySecretary-$27,744-$27,744
Adam KaiserDirector-$27,344-$27,344
David PalmerTreasurer-$27,244-$27,244
Thomas WootenDirector-$13,242-$13,242
Connie KetsenbergPresident-$13,241-$13,241
Sharon LeakeVice President-$13,142-$13,142
Richard Epperson SrDirector-$2,010-$2,010
Mark HodgesDirector-$1,210-$1,210

Highest Paid Contractors

ContractorServicesLocationCompensation
Wiemelt Plumbing & ExcavatingLine construction2709 Parker Dr, Quincy, IL 62305$1,581,862
Incite Design Studio LLCArchitect110 W 18th ST, Kansas City, MO 64108$123,082
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$19,044,113
Investment Income
$132,475
Other Revenue
$0
Change in Net Assets
$813,340

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,176,588
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$547,059
Total Revenue per Audited Statements
$19,723,647
Total Revenue per Form 990
$19,176,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,997,036
Salaries, Compensation, and Employee Benefits$689,429
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,390,302--$2,390,302
Interest$1,830,206--$1,830,206
Other Expenses$840,504--$840,504
Current Officers, Directors, Trustees, and Key Employees$689,429--$689,429
Benefits to Members$676,783--$676,783
All Other Expenses$435,815--$435,815
Total Functional Expenses$18,363,248$0$0$18,363,248

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$18,363,248
Expenses per Audited Statements$17,686,465
Total Expenses per Audited Statements$17,686,465
Expenses Not Reported on Financial Statements$676,783
Other Expense Adjustments$676,783
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 Deposits$455,301
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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

The organization operates on a cooperative basis. Each customer is a member/owner of the entity and is entitled to one vote per member at the annual meeting.

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

Member/owners of the Cooperative elect the Board of Directors at the annual meeting.

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

Member/owners have the ability to vote on amendments to the Cooperative's Bylaws and reserve the right to vote on the sale of the cooperative.

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

Management reviews the 990 with the Board of Directors prior to filing the document.

Form 990, Part VI, Section B, line 12C

Directors are required to report any conflicts of interest to the General Counsel of the Cooperative. The General Counsel acts as the compliance officer.

Form 990, Part VI, Section B, line 15

Salaries of the CEO/Manager are reviewed annually by the Board of Directors. Comparative information from industry sources and evaluation of the Manager's performance are determining factors used by the Board.

Form 990, Part VI, Section C, line 18

Federal Form 990 is made available through www.irs.gov, www.guidestar.org or upon request at the Cooperative's office.

Form 990, Part VI, Section C, line 19

Governing documents and financial statements are made available through www.guidestar.org or upon request at the Cooperative's office.

Filing and Contact Details

Filer

Filer Name
Ralls County Electric Cooperative
EIN
43-0470456
Phone
5739858711
Address
P O Box 157, New London, MO 63459-0157

Signing Officer

Name
Lynn N Hodges
Title
CEO/Manager
Phone
5739858711
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynn N Hodges
Formed
1936
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
34
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:

Increase in memberships 2,000.

Financial Statement Notes

Part XII, Line 4B - Other Adjustments:

Retirement of Patronage included as Paid to Members 676,783.

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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt018031920
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide our members with safe, reliable, and affordable electricity, and offer innovative solutions to the rural community through our subsidiaries.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt039459286
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt043068985
IRS990/NetAssetsOrFundBalancesBOYAmt022172274
IRS990/NetAssetsOrFundBalancesEOYAmt023534673
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0547059
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04385132
IRS990/OtherAssetsTotalGrp/EOYAmt05972060
IRS990/OtherChangesInNetAssetsAmt02000
IRS990/OtherExpensesGrp/Desc0Purchased Power
IRS990/OtherExpensesGrp/Desc1Distribution Maintenanc
IRS990/OtherExpensesGrp/Desc2Operations
IRS990/OtherExpensesGrp/Desc3General and Administrat
IRS990/OtherExpensesGrp/ProgramServicesAmt07916721
IRS990/OtherExpensesGrp/ProgramServicesAmt12446521
IRS990/OtherExpensesGrp/ProgramServicesAmt21136967
IRS990/OtherExpensesGrp/ProgramServicesAmt3840504
IRS990/OtherExpensesGrp/TotalAmt07916721
IRS990/OtherExpensesGrp/TotalAmt12446521
IRS990/OtherExpensesGrp/TotalAmt21136967
IRS990/OtherExpensesGrp/TotalAmt3840504
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0449067
IRS990/OtherLiabilitiesGrp/EOYAmt0455301
IRS990/OtherSourcesGrossIncomeAmt01144668
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01368331
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01149242
IRS990/PrincipalOfficerNm0Lynn N Hodges
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0Sales of Energy
IRS990/ProgramServiceRevenueGrp/Desc1Other Electric Revenue
IRS990/ProgramServiceRevenueGrp/Desc2Patronage Capital
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017401325
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1852641
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2790147
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017401325
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1852641
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2790147
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/ReconcilationRevenueExpnssAmt0813340
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt019176588
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt022054519
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt023416918
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0801497
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0753058
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01554555
IRS990ScheduleD/EquipmentGrp/BookValueAmt046626287
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025778202
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt072404489
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0676783
IRS990ScheduleD/ExpensesSubtotalAmt017686465
IRS990ScheduleD/LandGrp/BookValueAmt057504
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt057504
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0547059
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05972060
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Post-Employment Benefit Assets
IRS990ScheduleD/OtherExpensesNotIncludedAmt0676783
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0455301
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Customer Deposits
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt012701230
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11404488
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2304023
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Associated Organizations
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Subsidiary Company
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CFC Capital Term Certificates
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/RevenueNotReportedAmt0547059
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt019176588
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Retirement of Patronage included as Paid to Members 676,783.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt047485288
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05972060
IRS990ScheduleD/TotalBookValueSecuritiesAmt014409741
IRS990ScheduleD/TotalExpensesPerForm990Amt018363248
IRS990ScheduleD/TotalLiabilityAmt0455301
IRS990ScheduleD/TotalRevenuePerForm990Amt019176588
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt019723647
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017686465
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0259118
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1187862
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2133926
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3119654
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4116479
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5113991
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt50

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