Civic Intelligence

Tri-County Electric

990 • Fiscal year 2016 • EIN 57-0263136

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 23, 2017

Organization Profile
PO Box 217St Matthews, SC 29135-0217

(803) 874-1215

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.71x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

58th percentile

1.43x

Higher debt load relative to revenue than 58% of similar nonprofits.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2016

Net Margin

48th percentile

0.1%

Higher net margin than 48% of similar nonprofits.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

76th percentile

$288,114

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2016

Asset Growth

6th percentile

-1.2%

Faster asset growth than 6% of similar nonprofits.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

52nd percentile

1.5%

Faster revenue growth than 52% of similar nonprofits.

2016 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$90,184,560

Down $1,124,842 (-1.2%) from 2015

Net Assets

Up

$26,564,486

Up $419,703 (+1.6%) from 2015

Liabilities

Down

$63,620,074

Down $1,544,545 (-2.4%) from 2015

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin48th percentile

Revenue

Up

$44,430,231

Up $642,878 (+1.5%) from 2015

Expenses

Up

$44,401,649

Up $668,750 (+1.5%) from 2015

Net Income

Down

$28,582

Down $25,872 (-48%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$200M$150M$100M$50M$0Assets 2011: $89,250,070Liabilities 2011: $64,828,285Net Assets 2011: $24,421,7852011Assets 2012: $86,825,218Liabilities 2012: $63,124,952Net Assets 2012: $23,700,2662012Assets 2013: $91,015,927Liabilities 2013: $64,603,060Net Assets 2013: $26,412,8672013Assets 2014: $93,222,434Liabilities 2014: $68,538,245Net Assets 2014: $24,684,1892014Assets 2015: $91,309,402Liabilities 2015: $65,164,619Net Assets 2015: $26,144,7832015Assets 2016: $90,184,560Liabilities 2016: $63,620,074Net Assets 2016: $26,564,4862016Assets 2017: $99,816,748Liabilities 2017: $72,326,276Net Assets 2017: $27,490,4722017Assets 2018: $101,742,787Liabilities 2018: $73,003,617Net Assets 2018: $28,739,1702018Assets 2019: $103,672,390Liabilities 2019: $74,699,866Net Assets 2019: $28,972,5242019Assets 2020: $112,327,920Liabilities 2020: $82,161,645Net Assets 2020: $30,166,2752020Assets 2021: $138,986,472Liabilities 2021: $107,883,070Net Assets 2021: $31,103,4022021Assets 2022: $162,951,280Liabilities 2022: $129,793,442Net Assets 2022: $33,157,8382022Assets 2023: $173,402,940Liabilities 2023: $135,354,946Net Assets 2023: $38,047,9942023

Highlighted filing

2016

Assets$90,184,560
Liabilities$63,620,074
Net Assets$26,564,486
Open 2016 Filing

Operations Trend

Revenue Growth52nd percentile

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

$60M$40M$20M$0-$20MRevenue 2011: $41,260,660Expenses 2011: $41,260,660Net Income 2011: $02011Revenue 2012: $39,406,399Expenses 2012: $39,487,429Net Income 2012: -$81,0302012Revenue 2013: $41,794,988Expenses 2013: $41,794,988Net Income 2013: $02013Revenue 2014: $46,399,283Expenses 2014: $47,436,849Net Income 2014: -$1,037,5662014Revenue 2015: $43,787,353Expenses 2015: $43,732,899Net Income 2015: $54,4542015Revenue 2016: $44,430,231Expenses 2016: $44,401,649Net Income 2016: $28,5822016Revenue 2017: $45,068,970Expenses 2017: $44,988,827Net Income 2017: $80,1432017Revenue 2018: $45,643,306Expenses 2018: $45,816,882Net Income 2018: -$173,5762018Revenue 2019: $44,673,882Expenses 2019: $44,710,887Net Income 2019: -$37,0052019Revenue 2020: $44,160,884Expenses 2020: $44,324,911Net Income 2020: -$164,0272020Revenue 2021: $45,784,852Expenses 2021: $45,750,458Net Income 2021: $34,3942021Revenue 2022: $48,302,778Expenses 2022: $49,617,281Net Income 2022: -$1,314,5032022Revenue 2023: $53,067,650Expenses 2023: $51,881,148Net Income 2023: $1,186,5022023

Highlighted filing

2016

Revenue$44,430,231
Expenses$44,401,649
Net Income$28,582
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 23, 2017
Return Version
2016v3.0
Gross Receipts
$44,430,231
Mission and Program Overview

Mission

To provide the best possible electric service to all who desire it within the system area at a reasonable cost consistent with the highest standards of service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$76,434,560$77,627,734▲ $1,193,174
Pd in Cap Srpls Land Bldg Eqp Fund$26,076,953$26,496,566▲ $419,613
Accounts Receivable$3,647,822$4,094,960▲ $447,138
Investments Program Related$3,277,297$3,593,293▲ $315,996
Cash and Non-Interest-Bearing Accounts$6,117,399$3,253,327▼ $2,864,072
Prepaid Expenses and Deferred Charges$299,261$1,023,006▲ $723,745
Savings and Temporary Cash Investments$1,005,709--
Inventories for Sale or Use$527,354$592,240▲ $64,886
Cap Stk Tr Prin Current Funds$67,830$67,920▲ $90
Total Assets$91,309,402$90,184,560▼ $1,124,842
Liabilities
Unsecured Notes Loans Payable$54,545,326$51,957,849▼ $2,587,477
Other Liabilities$5,810,089$6,844,118▲ $1,034,029
Accounts Payable and Accrued Expenses$4,809,204$4,818,107▲ $8,903
Total Liabilities$65,164,619$63,620,074▼ $1,544,545
Net Assets / Fund Balance
Total Net Assets Fund Balance$26,144,783$26,564,486▲ $419,703
Total Liabilities and Net Assets / Fund Balance$91,309,402$90,184,560▼ $1,124,842

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$76,836,037$36,339,625$113,175,662
Land$791,697-$791,697
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chad LowderCEOFT$197,045$91,069$288,114
Jerrell FurtickCOOFT$145,397$70,764$216,161
Linda WrightMgr of FinanFT$105,587$61,124$166,711
Linda WrightMgr of Finance-$105,587$61,124$166,711
Rickey HanesMgr of OperaFT$103,018$43,502$146,520
Heath HillPresidentFT$78,967-$78,967
Kenneth Davis JrSecretaryPT$64,500-$64,500
Billy ShannonTrusteePT$57,707-$57,707
Mary BrownTrusteeFT$54,091-$54,091
Maurice EtheredgeVice PresidePT$52,662-$52,662
Fredrick Shuler SrTreasurerPT$48,325-$48,325
Barbara HeapeTrusteePT$45,091-$45,091
Barry HuttoTrustee-$42,295-$42,295
Jeffrey ReevesTrusteePT$24,278-$24,278
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$44,401,648
Investment Income
$28,583
Other Revenue
$0
Change in Net Assets
$28,582

Audited Revenue Reconciliation

Revenue per Audited Statements
$44,430,231
Total Revenue per Audited Statements
$44,430,231
Total Revenue per Form 990
$44,430,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,096,972
Salaries, Compensation, and Employee Benefits$756,030
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$3,383,923
Benefits to Members---$2,548,647
Other Expenses---$2,530,843
All Other Expenses---$2,236,126
Interest---$2,192,581
Current Officers, Directors, Trustees, and Key Employees---$756,030
Office Expenses---$451,266
Total Functional Expenses$0$0$0$44,401,649

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$44,401,649
Expenses per Audited Statements$41,853,002
Total Expenses per Audited Statements$41,853,002
Expenses Not Reported on Financial Statements$2,548,647
Other Expense Adjustments$2,548,647
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$1,750
Total Exempt Function Spending$1,750

Section 527 Organizations

OrganizationLocationAmount
-Orangeburg, SC$1,000
-West Columbia, SC$500
-Florence, SC$250
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Postretirement Benefits$6,186,900
Deferred Credits$657,218
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 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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The cooperative has members as provided for in its bylaws which are included as a part of this return.”

Form 990, Page 6, Part VI, Line 7A

“The cooperative has members who elect members of the governing body as provided for in its bylaws which are included as a part of this return.”

Form 990, Page 6, Part VI, Line 7B

“Certain decisions of the governing body are subject to approval by members as provided for in its bylaws which are included as a part of this return.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the board with all supporting documentation made available to them.”

Form 990, Page 6, Part VI, Line 12C

“The cooperative regularly and consistently monitors and enforces compliance with their conflict of interest policy as provided for in its policy which is included as a part of this return.”

Form 990, Page 6, Part VI, Line 15A

“Compensation for the ceo is reviewed and approved as provided for in the cooperative's policy which is included as a part of this return.”

Form 990, Page 6, Part VI, Line 15B

“Compensation for key employees is reviewed and approved as provided for in the cooperative's policy which is included as a part of this return.”

Form 990, Page 6, Part VI, Line 19

“The cooperative makes its bylaws, conflict of interest policy, and financial statements available to the public as part of its form 990. The form 990 is available upon request as reflected in part vi section c line 18.”

Filing and Contact Details

Filer

Filer Name
Tri-county Electric
EIN
57-0263136
Phone
8038741215
Address
PO BOX 217, ST MATTHEWS, SC 29135-0217

Signing Officer

Name
Chad Lowder
Title
CEO
Phone
8038741215
Signed
2017-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Lowder
Formed
1940
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
58

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
Jason a Peacock
Phone
4787466277
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Other equities - retired capital credits 32,842 patronage capital credits 2,548,647 membership fees 90 capital credit retirements -1,114,163 other comprehensive income -1,076,295 total 391,121”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

“Patronage capital credits 2,548,647”

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IRS990/OtherExpensesGrp/Desc2ADMIN & GENERAL EXP
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION OPERATIONS
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IRS990/OtherExpensesGrp/TotalAmt13653826
IRS990/OtherExpensesGrp/TotalAmt22611292
IRS990/OtherExpensesGrp/TotalAmt32530843
IRS990/OtherLiabilitiesGrp/BOYAmt05810089
IRS990/OtherLiabilitiesGrp/EOYAmt06844118
IRS990/OtherSourcesGrossIncomeAmt0155428
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt026076953
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt026496566
IRS990/PoliticalCampaignActyInd0true
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01023006
IRS990/PrincipalOfficerNm0CHAD LOWDER
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC ENERGY SALES
IRS990/ProgramServiceRevenueGrp/Desc1PATRONAGE CAP-ASSOC ORGS
IRS990/ProgramServiceRevenueGrp/Desc2POLE RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt043958840
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1395646
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt247162
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt043958840
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1395646
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt247162
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IRS990/PYInvestmentIncomeAmt049910
IRS990/PYOtherExpensesAmt041055993
IRS990/PYProgramServiceRevenueAmt043737443
IRS990/PYRevenuesLessExpensesAmt054454
IRS990/PYSalariesCompEmpBnftPaidAmt0699652
IRS990/PYTotalExpensesAmt043732899
IRS990/PYTotalRevenueAmt043787353
IRS990/ReconcilationRevenueExpnssAmt028582
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01005709
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/Form1120POLFiledInd0true
IRS990ScheduleC/InternalFundsContributedAmt01750
IRS990ScheduleC/PoliticalExpendituresAmt01750
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0LEATHERMAN FOR SENATE
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt1RE-ELECT SHERIFF LEROY RAVENELL
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt2SETZLER FOR SENATE
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt0250
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt11000
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt2500
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt01817 PINELAND AVE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt11520 ELLIS AVENUE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt2249 CONGAREE PARK DRIVE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0FLORENCE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm1ORANGEBURG
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm2WEST COLUMBIA
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd1SC
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd2SC
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd029501
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd129039
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd229169
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0POLITICAL CONTRIBUTIONS TO CAMPAIGN ACTIVITIES WITHIN THE STATE OF SOUTH CAROLINA.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
IRS990ScheduleC/TotalExemptFunctionExpendAmt01750
IRS990ScheduleD/EquipmentGrp/BookValueAmt076836037
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036339625
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0113175662
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02548647
IRS990ScheduleD/ExpensesSubtotalAmt041853002
IRS990ScheduleD/LandGrp/BookValueAmt0791697
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0791697
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06186900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1657218
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0POSTRETIREMENT BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED CREDITS
IRS990ScheduleD/RevenueSubtotalAmt044430231
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PATRONAGE CAPITAL CREDITS 2,548,647
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt077627734
IRS990ScheduleD/TotalExpensesPerForm990Amt044401649
IRS990ScheduleD/TotalLiabilityAmt06844118
IRS990ScheduleD/TotalRevenuePerForm990Amt044430231
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt044430231
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt041853002
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IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0197045
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1145397
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2105587
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt066310
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt146728
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt237490
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt024759
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt124036
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt223634
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHAD LOWDER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JERRELL FURTICK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2LINDA WRIGHT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2MGR OF FINANCE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0288114
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1216161
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2166711
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER EQUITIES - RETIRED CAPITAL CREDITS 32,842 PATRONAGE CAPITAL CREDITS 2,548,647 MEMBERSHIP FEES 90 CAPITAL CREDIT RETIREMENTS -1,114,163 OTHER COMPREHENSIVE INCOME -1,076,295 TOTAL 391,121
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt090184560
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IRS990/TotalGrossUBIAmt00
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IRS990/USAddress/CityNm0ST MATTHEWS
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IRS990/VotingMembersGoverningBodyCnt09

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$90,184,560
Liabilities
$63,620,074
Net assets
$26,564,486
Revenue
$44,430,231
Expenses
$44,401,649
Net income
$28,582
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$173$135$38.0$53.1$51.9$1.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$163$130$33.2$48.3$49.6$1.31
2021Summary only. Only limited summary data is available for this year.$139$108$31.1$45.8$45.8$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$82.2$30.2$44.2$44.3$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$104$74.7$29.0$44.7$44.7$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$102$73.0$28.7$45.6$45.8$0.17
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$99.8$72.3$27.5$45.1$45.0$0.08
2016Detailed filing. Detailed filing data is available for this year.$90.2$63.6$26.6$44.4$44.4$0.03
2015Summary only. Only limited summary data is available for this year.$91.3$65.2$26.1$43.8$43.7$0.05
2014Summary only. Only limited summary data is available for this year.$93.2$68.5$24.7$46.4$47.4$1.04
2013Summary only. Only limited summary data is available for this year.$91.0$64.6$26.4$41.8$41.8$0.00
2012Summary only. Only limited summary data is available for this year.$86.8$63.1$23.7$39.4$39.5$0.08
2011Summary only. Only limited summary data is available for this year.$89.3$64.8$24.4$41.3$41.3$0.00