Civic Intelligence

Choctawhatchee Electric Cooperative Inc

990 • Fiscal year 2016 • EIN 59-0192831

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 05, 2017

PO Box 512Defuniak Springs, FL 32435-0512

(850) 892-2111

Siviq Scores

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

Liabilities / Assets

46th percentile

0.55x

Higher debt load relative to assets than 46% of similar nonprofits.

2016 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

28th percentile

1.09x

Higher debt load relative to revenue than 28% of similar nonprofits.

2016 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2016

Net Margin

82nd percentile

5.0%

Higher net margin than 82% of similar nonprofits.

2016 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

74th percentile

$370,888

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2016 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2016

Asset Growth

61st percentile

4.3%

Faster asset growth than 61% of similar nonprofits.

2016 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

40th percentile

-0.5%

Faster revenue growth than 40% of similar nonprofits.

2016 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Up

$189,735,266

Up $7,892,837 (+4.3%) from 2015

Net Assets

Up

$84,836,152

Up $4,893,790 (+6.1%) from 2015

Liabilities

Up

$104,899,114

Up $2,999,047 (+2.9%) from 2015

Revenue

Down

$96,606,139

Down $476,752 (-0.5%) from 2015

Expenses

Down

$91,736,190

Down $1,012,509 (-1.1%) from 2015

Net Income

Up

$4,869,949

Up $535,757 (+12%) from 2015

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2010: $150,094,681Liabilities 2010: $90,393,417Net Assets 2010: $59,701,2642010Assets 2011: $153,374,292Liabilities 2011: $90,180,161Net Assets 2011: $63,194,1312011Assets 2012: $159,917,910Liabilities 2012: $93,058,822Net Assets 2012: $66,859,0882012Assets 2013: $170,335,754Liabilities 2013: $99,683,010Net Assets 2013: $70,652,7442013Assets 2014: $176,131,929Liabilities 2014: $100,553,673Net Assets 2014: $75,578,2562014Assets 2015: $181,842,429Liabilities 2015: $101,900,067Net Assets 2015: $79,942,3622015Assets 2016: $189,735,266Liabilities 2016: $104,899,114Net Assets 2016: $84,836,1522016Assets 2017: $283,620,683Liabilities 2017: $191,767,678Net Assets 2017: $91,853,0052017Assets 2018: $301,930,093Liabilities 2018: $204,344,717Net Assets 2018: $97,585,3762018Assets 2019: $313,285,798Liabilities 2019: $209,722,826Net Assets 2019: $103,562,9722019Assets 2020: $334,468,850Liabilities 2020: $227,317,544Net Assets 2020: $107,151,3062020Assets 2021: $360,891,875Liabilities 2021: $247,648,139Net Assets 2021: $113,243,7362021Assets 2022: $375,282,827Liabilities 2022: $253,907,670Net Assets 2022: $121,375,1572022Assets 2023: $400,927,730Liabilities 2023: $271,894,425Net Assets 2023: $129,033,3052023Assets 2024: $422,576,549Liabilities 2024: $284,419,954Net Assets 2024: $138,156,5952024

Highlighted filing

2016

Assets$189,735,266
Liabilities$104,899,114
Net Assets$84,836,152

Operations Trend

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

$200M$150M$100M$50M$0Expenses 2010: $25,431,0192010Expenses 2011: $28,320,5662011Expenses 2012: $28,774,1862012Revenue 2013: $92,892,616Expenses 2013: $89,289,203Net Income 2013: $3,603,4132013Revenue 2014: $101,153,782Expenses 2014: $96,251,942Net Income 2014: $4,901,8402014Revenue 2015: $97,082,891Expenses 2015: $92,748,699Net Income 2015: $4,334,1922015Revenue 2016: $96,606,139Expenses 2016: $91,736,190Net Income 2016: $4,869,9492016Revenue 2017: $105,315,159Expenses 2017: $98,321,222Net Income 2017: $6,993,9372017Revenue 2018: $115,751,555Expenses 2018: $110,042,480Net Income 2018: $5,709,0752018Revenue 2019: $118,644,430Expenses 2019: $112,098,400Net Income 2019: $6,546,0302019Revenue 2020: $115,831,475Expenses 2020: $112,017,515Net Income 2020: $3,813,9602020Revenue 2021: $124,274,504Expenses 2021: $117,642,223Net Income 2021: $6,632,2812021Revenue 2022: $140,151,380Expenses 2022: $133,323,002Net Income 2022: $6,828,3782022Revenue 2023: $149,247,583Expenses 2023: $141,860,887Net Income 2023: $7,386,6962023Revenue 2024: $162,680,478Expenses 2024: $153,907,690Net Income 2024: $8,772,7882024

Highlighted filing

2016

Revenue$96,606,139
Expenses$91,736,190
Net Income$4,869,949
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 5, 2017
Return Version
2016v3.0
Gross Receipts
$96,606,139
Mission and Program Overview

Mission

To provide electric service to members in parts of holmes, okaloosa, santa rosa and walton counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$128,064,350$133,042,047▲ $4,977,697
Rtn Earn Endowment Incm Other Fnds$79,742,497$84,630,397▲ $4,887,900
Investments Program Related$38,043,053$39,687,738▲ $1,644,685
Accounts Receivable$7,525,435$7,866,879▲ $341,444
Inventories for Sale or Use$3,522,145$3,238,890▼ $283,255
Prepaid Expenses and Deferred Charges$3,538,337$2,962,469▼ $575,868
Cash and Non-Interest-Bearing Accounts$1,140,414$2,928,668▲ $1,788,254
Cap Stk Tr Prin Current Funds$199,865$205,755▲ $5,890
Intangible Assets$320$320→ $0
Total Assets$181,842,429$189,735,266▲ $7,892,837
Other Assets Total$8,375$8,255▼ $120
Liabilities
Mortgage Notes Payable Secured by Investment Property$84,799,776$86,696,820▲ $1,897,044
Other Liabilities$11,279,407$12,056,365▲ $776,958
Accounts Payable and Accrued Expenses$5,820,884$6,145,929▲ $325,045
Total Liabilities$101,900,067$104,899,114▲ $2,999,047
Net Assets / Fund Balance
Total Net Assets Fund Balance$79,942,362$84,836,152▲ $4,893,790
Total Liabilities and Net Assets / Fund Balance$181,842,429$189,735,266▲ $7,892,837

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$127,440,157$46,929,002$174,369,159
Equipment$3,129,498$5,133,345$8,262,843
Buildings$1,697,773$3,544,128$5,241,901
Land$774,619-$774,619
Investment Program Related Org$235,572--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen RhodesCEOFT$235,013$145,266$370,888
Wayne ThompsonCFOFT$155,479$111,660$260,898
Donny FugateVP of OperatFT$146,518$65,634$212,152
Donny FugateVP of Operations-$132,192$82,899$212,152
Stephen J WolframVP of MarketFT$141,911$27,892$169,803
Stephen J WolframVP of Marketing-$128,312$50,268$169,803
Jonathan AveryVP of EngineFT$138,468$29,129$167,597
Jonathan AveryVP of Engineering-$127,919$47,389$167,597
F Scott SeayVP of AdminiFT$130,716$26,163$156,879
F Scott SeayVP of Administration-$119,340$40,249$156,879
David B LeachSr. LinemanFT$104,918$27,646$132,564
Gerald EdmondsonVice PresidePT$15,875$1,200$17,075
Terry PilcherDirector-$15,900-$15,900
James BishopDirectorPT$14,675$1,200$15,875
Burt PrutzmanDirectorPT$15,000-$15,000
Gayle HughesSec/treas-$14,400-$14,400
Patricia CarlyleDirector-$11,475$1,200$12,675
Burt CossonDirector-$12,275-$12,275
Ronald JonesPresident-$10,825-$10,825
Brady BeardenDirector May-$8,225-$8,225

Board Members and Trustees

NameTitle
James HaganDirector Jan

Highest Paid Contractors

ContractorServicesLocationCompensation
Southland Utility Svcs (fmrly Csi)Row/ug InstallPO BOX 512, Defuniak Springs, FL 32435$4,259,997
Musgrove Construction INCConstruction8708 US 90, Live Oak, FL 32060$769,729
Applied Technology SolutionsSoftwre Support5610 BARBADOS BLVD, Castle Hayne, NC 28429$440,317
Osmose Wood PreservingPole Inspection980 ELLICOTT ST, Buffalo, NY 14209$111,316
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$96,543,428
Investment Income
$62,711
Other Revenue
$0
Change in Net Assets
$4,869,949

Audited Revenue Reconciliation

Revenue per Audited Statements
$96,606,139
Total Revenue per Audited Statements
$96,606,139
Total Revenue per Form 990
$96,606,139
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$88,279,969
Salaries, Compensation, and Employee Benefits$1,450,315
Grants and Similar Amounts Paid$20,951
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$6,052,380
Interest---$3,955,006
Other Expenses---$3,360,584
All Other Expenses---$2,837,165
Benefits to Members---$1,984,955
Current Officers, Directors, Trustees, and Key Employees---$750,436
Other Salaries and Wages---$662,531
Other Employee Benefits---$30,905
Grants to Domestic Orgs---$17,951
Pension Plan Contributions---$6,443
Grants to Domestic Individuals---$3,000
Total Functional Expenses$0$0$0$91,736,190

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$91,736,190
Expenses per Audited Statements$89,733,284
Total Expenses per Audited Statements$89,733,284
Expenses Not Reported on Financial Statements$2,002,906
Other Expense Adjustments$2,002,906
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Walton Okaloosa Council on AgingDefuniak Springs, FL501c3See Part Iv$17,951
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$3,318,256
Deferred Credits$3,202,204
Consumer/customer Advances$1,869,925
Due to Sus$1,770,375
Deferred Revenues$1,099,292
Powersouth Def. Power Bill Credit$340,000
Unamortized Gain on Reacquired Debt$317,736
Deferred Compensation$138,577
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Membership is comprised of any person, firm, association, corporation, or body politic or subdivision thereof who (1) has made a written application for membership, (2) agreed to purchase cooperative electric energy, (3) agreed to comply with and be bound by the articles of incorporation and bylaws of the cooperative and any rules and regulations adoped by the board, and (4) paid the membership fee.

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

Members of the cooperative elect the governing board to three year terms.

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

The bylaws of the cooperative require approval by the members for such decisions as changes in the bylaws, the sale, mortgage or lease of all or any substantial portion of the cooperative's property.

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

The board reviews the tax return at a regular meeting prior to filing.

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

Board members are required to disclose any conflicts of interest annually.

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

An outside firm was utilized in determining the ceo's compensation. Comparable data for similar positions in the industry was used as a basis for compensation.

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

An outside firm was utilized in determining the compensation of other officers and key employees. Comparable data for similar positions in the industry was used as a basis for compensation.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available upon member request.

Filing and Contact Details

Filer

Filer Name
Choctawhatchee Electric
EIN
59-0192831
Phone
8508922111
Address
PO BOX 512, DEFUNIAK SPRINGS, FL 32435-0512

Signing Officer

Name
Stephen Rhodes
Title
CEO
Phone
8508922111
Signed
2017-06-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Rhodes
Formed
1941
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
149

Preparer

Firm
Purvis Gray & Company Llp
Address
443 EAST COLLEGE AVENUE, TALLAHASSEE, FL 32301
Preparer
Ryan M Tucker CPA
Phone
8502247144
Supplemental Narrative

Additional Explanations

Form 990

Part ix line 24e payroll taxes are included in line 24e.

Form 990, Part XI

Change in membership 5,890

Form 990, Part XI, Line 9

Change in memberships 5,890 members helping members 17,951 total 23,841

Financial Statement Notes

Schedule D, Page 3, Part X

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the companies and recognize a tax liability (or asset) if the companies have taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service and state taxing agencies. Management has analyzed the tax positions taken by the companies and has concluded that as of december 31, 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The companies are subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes the companies are no longer subject to income tax examinations for the years prior to 2013.

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

Retirement of capital credits 1,984,955 members helping members 17,951

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IRS990/Form990PartVIISectionAGrp/PersonNm4GAYLE HUGHES
IRS990/Form990PartVIISectionAGrp/PersonNm5PATRICIA CARLYLE
IRS990/Form990PartVIISectionAGrp/PersonNm6BURT COSSON
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IRS990/Form990PartVIISectionAGrp/PersonNm11WAYNE THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm12DONNY FUGATE
IRS990/Form990PartVIISectionAGrp/PersonNm13STEPHEN J WOLFRAM
IRS990/Form990PartVIISectionAGrp/PersonNm14JONATHAN AVERY
IRS990/Form990PartVIISectionAGrp/PersonNm15F SCOTT SEAY
IRS990/Form990PartVIISectionAGrp/PersonNm16DAVID B LEACH
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SEC/TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR MAY
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR JAN
IRS990/Form990PartVIISectionAGrp/TitleTxt10CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP OF OPERAT
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP OF MARKET
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP OF ENGINE
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP OF ADMINI
IRS990/Form990PartVIISectionAGrp/TitleTxt16SR. LINEMAN
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0128064350
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0133042047
IRS990/LandBldgEquipCostOrOtherBssAmt0188648522
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0TO PROVIDE ELECTRIC SERVICE TO MEMBERS IN PARTS OF HOLMES, OKALOOSA, SANTA ROSA AND WALTON COUNTIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt084799776
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IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2ADMINISTRATION
IRS990/OtherExpensesGrp/Desc3CONSUMER ACCOUNTS
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IRS990/OtherExpensesGrp/TotalAmt15953821
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IRS990/OtherSourcesGrossIncomeAmt02018619
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IRS990/PartialLiquidationInd0false
IRS990/PensionPlanContributionsGrp/TotalAmt06443
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03538337
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02962469
IRS990/PrincipalOfficerNm0STEPHEN RHODES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
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IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/BusinessCd4221000
IRS990/ProgramServiceRevenueGrp/Desc0SALE OF ELECTRICITY
IRS990/ProgramServiceRevenueGrp/Desc1CAPITAL CREDITS
IRS990/ProgramServiceRevenueGrp/Desc2POLE RENTAL
IRS990/ProgramServiceRevenueGrp/Desc3EGLIN CONTRACT REVENUES
IRS990/ProgramServiceRevenueGrp/Desc4OTHER REVENUES
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt14835
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt093772482
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44835
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt01917776
IRS990/PYGrantsAndSimilarPaidAmt024684
IRS990/PYInvestmentIncomeAmt037205
IRS990/PYOtherExpensesAmt089477340
IRS990/PYProgramServiceRevenueAmt097045686
IRS990/PYRevenuesLessExpensesAmt04334192
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IRS990/PYTotalRevenueAmt097082891
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt079742497
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt084630397
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01697773
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03544128
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05241901
IRS990ScheduleD/EquipmentGrp/BookValueAmt03129498
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05133345
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08262843
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02002906
IRS990ScheduleD/ExpensesSubtotalAmt089733284
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt039452166
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1235572
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN ASSOCIATED ORG.'S
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESTRICTED INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/LandGrp/BookValueAmt0774619
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0774619
IRS990ScheduleD/OtherExpensesNotIncludedAmt02002906
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0127440157
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt046929002
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0174369159
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03318256
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13202204
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21869925
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31770375
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt41099292
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5340000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt6317736
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt7138577
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED CREDITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CONSUMER/CUSTOMER ADVANCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO SUS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DEFERRED REVENUES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5POWERSOUTH DEF. POWER BILL CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6UNAMORTIZED GAIN ON REACQUIRED DEBT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7DEFERRED COMPENSATION
IRS990ScheduleD/RevenueSubtotalAmt096606139
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COMPANIES AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE COMPANIES HAVE TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AGENCIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMPANIES AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2016, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COMPANIES ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE COMPANIES ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RETIREMENT OF CAPITAL CREDITS 1,984,955 MEMBERS HELPING MEMBERS 17,951
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0133042047
IRS990ScheduleD/TotalBookValueProgramRltdAmt039687738
IRS990ScheduleD/TotalExpensesPerForm990Amt091736190
IRS990ScheduleD/TotalLiabilityAmt012056365
IRS990ScheduleD/TotalRevenuePerForm990Amt096606139
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt096606139
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt089733284
IRS990ScheduleI/GrantRecordsMaintainedInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$423$284$138$163$154$8.77
2023Detailed filing. Detailed filing data is available for this year.$401$272$129$149$142$7.39
2022Detailed filing. Detailed filing data is available for this year.$375$254$121$140$133$6.83
2021Detailed filing. Detailed filing data is available for this year.$361$248$113$124$118$6.63
2020Detailed filing. Detailed filing data is available for this year.$334$227$107$116$112$3.81
2019Detailed filing. Detailed filing data is available for this year.$313$210$104$119$112$6.55
2018Detailed filing. Detailed filing data is available for this year.$302$204$97.6$116$110$5.71
2017Detailed filing. Detailed filing data is available for this year.$284$192$91.9$105$98.3$6.99
2016Detailed filing. Detailed filing data is available for this year.$190$105$84.8$96.6$91.7$4.87
2015Detailed filing. Detailed filing data is available for this year.$182$102$79.9$97.1$92.7$4.33
2014Detailed filing. Detailed filing data is available for this year.$176$101$75.6$101$96.3$4.90
2013Detailed filing. Detailed filing data is available for this year.$170$99.7$70.7$92.9$89.3$3.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$160$93.1$66.9$28.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$153$90.2$63.2$28.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$150$90.4$59.7$25.4