Civic Intelligence

Big Sandy Rural Electric Cooperative Corporation

990 • Fiscal year 2015 • EIN 61-0133681

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 28, 2016

Organization Profilewww.bigsandyrecc.com
504 11th StreetPaintsville, KY 41240

(606) 789-4095

Siviq Scores

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

Liabilities / Assets

57th percentile

0.56x

Higher debt load relative to assets than 57% of similar nonprofits.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

31st percentile

1.08x

Higher debt load relative to revenue than 31% of similar nonprofits.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2015

Net Margin

47th percentile

0.0%

Higher net margin than 47% of similar nonprofits.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

25th percentile

$175,491

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2015

Asset Growth

16th percentile

0.2%

Faster asset growth than 16% of similar nonprofits.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

15th percentile

-7.9%

Faster revenue growth than 15% of similar nonprofits.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$52,168,418

Up $120,489 (+0.2%) from 2014

Net Assets

Up

$23,068,054

Up $1,805,443 (+8.5%) from 2014

Liabilities

Down

$29,100,364

Down $1,684,954 (-5.5%) from 2014

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin47th percentile

Revenue

Down

$26,846,802

Down $2,298,489 (-7.9%) from 2014

Expenses

Down

$26,846,802

Down $2,298,489 (-7.9%) from 2014

Net Income

Flat

$0

Flat from 2014

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$80M$60M$40M$20M$0Assets 2010: $43,567,259Liabilities 2010: $28,130,941Net Assets 2010: $15,436,3182010Assets 2011: $45,132,367Liabilities 2011: $27,849,690Net Assets 2011: $17,282,6772011Assets 2012: $48,711,774Liabilities 2012: $32,091,249Net Assets 2012: $16,620,5252012Assets 2013: $51,421,588Liabilities 2013: $32,397,859Net Assets 2013: $19,023,7292013Assets 2014: $52,047,929Liabilities 2014: $30,785,318Net Assets 2014: $21,262,6112014Assets 2015: $52,168,418Liabilities 2015: $29,100,364Net Assets 2015: $23,068,0542015Assets 2016: $53,326,837Liabilities 2016: $28,957,211Net Assets 2016: $24,369,6262016Assets 2017: $54,430,379Liabilities 2017: $29,820,344Net Assets 2017: $24,610,0352017Assets 2018: $54,360,259Liabilities 2018: $28,874,287Net Assets 2018: $25,485,9722018Assets 2019: $54,715,985Liabilities 2019: $28,052,720Net Assets 2019: $26,663,2652019Assets 2020: $62,299,520Liabilities 2020: $34,103,221Net Assets 2020: $28,196,2992020Assets 2021: $64,893,563Liabilities 2021: $35,951,486Net Assets 2021: $28,942,0772021Assets 2022: $64,233,203Liabilities 2022: $34,801,433Net Assets 2022: $29,431,7702022Assets 2023: $64,568,724Liabilities 2023: $34,190,154Net Assets 2023: $30,378,5702023Assets 2024: $65,414,778Liabilities 2024: $36,089,656Net Assets 2024: $29,325,1222024

Highlighted filing

2015

Assets$52,168,418
Liabilities$29,100,364
Net Assets$23,068,054
Open 2015 Filing

Operations Trend

Revenue Growth15th percentile

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

$40M$30M$20M$10M$0Expenses 2010: $26,030,4872010Expenses 2011: $27,889,8292011Expenses 2012: $27,275,9262012Revenue 2013: $28,996,896Expenses 2013: $28,996,896Net Income 2013: $02013Revenue 2014: $29,145,291Expenses 2014: $29,145,291Net Income 2014: $02014Revenue 2015: $26,846,802Expenses 2015: $26,846,802Net Income 2015: $02015Revenue 2016: $25,462,623Expenses 2016: $25,462,623Net Income 2016: $02016Revenue 2017: $23,758,724Expenses 2017: $23,758,724Net Income 2017: $02017Revenue 2018: $26,201,315Expenses 2018: $26,201,315Net Income 2018: $02018Revenue 2019: $25,219,565Expenses 2019: $25,219,565Net Income 2019: $02019Revenue 2020: $24,085,808Expenses 2020: $24,085,808Net Income 2020: $02020Revenue 2021: $25,641,009Expenses 2021: $25,641,009Net Income 2021: $02021Revenue 2022: $30,032,172Expenses 2022: $30,032,172Net Income 2022: $02022Revenue 2023: $27,536,817Expenses 2023: $27,536,817Net Income 2023: $02023Revenue 2024: $27,773,700Expenses 2024: $27,773,700Net Income 2024: $02024

Highlighted filing

2015

Revenue$26,846,802
Expenses$26,846,802
Net Income$0
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 28, 2016
Return Version
2015v2.0
Gross Receipts
$26,846,802
Mission and Program Overview

Mission

Provide electric service to member owners on a patronage basis. Serve an average of approximately 13,200 consumers monthly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,817,332$32,893,915▲ $76,583
Rtn Earn Endowment Incm Other Fnds$23,579,862$25,241,779▲ $1,661,917
Investments Program Related$13,238,286$14,825,489▲ $1,587,203
Accounts Receivable$3,782,740$3,613,731▼ $169,009
Cash and Non-Interest-Bearing Accounts$1,871,490$513,116▼ $1,358,374
Inventories for Sale or Use$290,358$274,598▼ $15,760
Cap Stk Tr Prin Current Funds$231,950$227,660▼ $4,290
Prepaid Expenses and Deferred Charges$47,723$47,569▼ $154
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$-2,549,201$-2,401,385▲ $147,816
Total Assets$52,047,929$52,168,418▲ $120,489
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$23,809,859$22,467,522▼ $1,342,337
Other Liabilities$4,867,959$4,693,629▼ $174,330
Accounts Payable and Accrued Expenses$2,107,500$1,939,213▼ $168,287
Total Liabilities$30,785,318$29,100,364▼ $1,684,954
Net Assets / Fund Balance
Total Net Assets Fund Balance$21,262,611$23,068,054▲ $1,805,443
Total Liabilities and Net Assets / Fund Balance$52,047,929$52,168,418▲ $120,489

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,893,915$18,821,124$51,715,039
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David EsteppPresident & CEOFT$124,441$51,050$175,491
John HarrisonSupervisorFT$110,626$19,553$130,179
Jeff PraterPlant SuperintendentFT$84,442$38,171$122,613
Danny WallenVice Chairman-$13,696-$13,696
Kelly ShepherdSec/Treas-$13,496-$13,496
Robert MooreDirector-$12,600-$12,600
Velma MayChairman-$12,176-$12,176
William MaxeyDirector-$11,974-$11,974
Greg DavisVice Chairman-$11,426-$11,426
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$24,633,937
Investment Income
$174,792
Other Revenue
$2,038,073
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,846,802
Total Revenue per Audited Statements
$26,846,802
Total Revenue per Form 990
$26,846,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,467,721
Salaries, Compensation, and Employee Benefits$3,668,493
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,245,342--$2,245,342
Other Salaries and Wages$2,210,749--$2,210,749
Benefits to Members$1,710,588--$1,710,588
Other Expenses$1,081,338--$1,081,338
Interest$757,912--$757,912
Other Employee Benefits$615,065--$615,065
Pension Plan Contributions$361,583--$361,583
Current Officers, Directors, Trustees, and Key Employees$284,251--$284,251
Payroll Taxes$196,845--$196,845
Insurance$162,214--$162,214
Fees for Services Accounting$9,785--$9,785
Fees for Services Legal$8,500--$8,500
All Other Expenses$-2,876,092--$-2,876,092
Total Functional Expenses$26,846,802$0$0$26,846,802

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,846,802
Total Expenses per Audited Statements$26,846,802
Total Expenses per Form 990$26,846,802
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accumulated postretirement benefits$3,749,502
Customer deposits$640,413
Accrued expenses$283,788
Consumer advances for construction$19,926
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, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“Must be a member to receive electric service. Each member has 1 vote. May have more than 1 service per membership.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“Nominating committee meets every year to select a member to run for director. Member may run for director with petition signed by 75 or more eligible members.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Articles of Incorporation can only be changed by a majority of membership. By-Laws may be altered, amended, or repealed by the Board of Directors at any regular or special Board meeting, provided, that the notice of the meeting, shall have contained a copy of the proposed alteration, amendment, or repeal.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Directors are furnished a draft copy of the 990 prior to filing. May make inquiries of, and changes to, information contained in the filing. Additionally, directors meet with the independent auditor and are able to ask questions at that time.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Directors and key employees annually complete questionnaire on family and business relationships.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“15a & b. Board of Directors review and approve compensation of key employees and other non-union employees using data provided by state and national organization surveys of electric cooperatives.15b. Remaining employees compensation is negotiated through a union contract.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Big Sandy Rural Electric
EIN
61-0133681
Phone
6067894095
Address
504 11th Street, Paintsville, KY 41240

Signing Officer

Name
David Estepp
Title
President/Gen Mgr
Signed
2016-03-28
Discuss with paid preparer
No

Organization Details

Formed
1936
Legal Domicile
Ky
Voting Board Members
6
Independent Board Members
6
Employees
47

Preparer

Firm
Alan Zumstein
Address
1032 CHETFORD DRIVE, LEXINGTON, KY 40509
Preparer
Alan Zumstein
Phone
8592647147
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“= $0”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“= -$0”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Comprehensive income-postretirement ben = $147816”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Margins allocated to members = $1710588”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Memberships issued, net = -$4290”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Other equities = $17670”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Refunds of capital credits = -$66341”

Form 990, Part IX, Line 4 - Benefits paid to or for members

“Represents patronage capital allocated to members in accordance with the bylaws of the Cooperative. This reporting results in a difference between book income and income reported on the Form 990 by the same amount.”

Raw XML AppendixShowing 400 of 461 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02107500
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01939213
IRS990/AccountsReceivableGrp/BOYAmt03782740
IRS990/AccountsReceivableGrp/EOYAmt03613731
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Provide electric service to member owners on a patronage basis. Serve an average of approximately 13,200 consumers monthly.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0-2876092
IRS990/AllOtherExpensesGrp/TotalAmt0-2876092
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/ProgramServicesAmt01710588
IRS990/BenefitsToMembersGrp/TotalAmt01710588
IRS990/BooksInCareOfDetail/PersonNm0Sandra Shepherd Office Mgr
IRS990/BooksInCareOfDetail/PhoneNum06067894095
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0504 11th Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Paintsville
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd041240
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0231950
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0227660
IRS990/CashNonInterestBearingGrp/BOYAmt01871490
IRS990/CashNonInterestBearingGrp/EOYAmt0513116
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0284251
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0284251
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt01710588
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0174792
IRS990/CYOtherExpensesAmt021467721
IRS990/CYOtherRevenueAmt02038073
IRS990/CYProgramServiceRevenueAmt024633937
IRS990/CYRevenuesLessExpensesAmt00
IRS990/CYSalariesCompEmpBnftPaidAmt03668493
IRS990/CYTotalExpensesAmt026846802
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt026846802
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt02245342
IRS990/DepreciationDepletionGrp/TotalAmt02245342
IRS990/Desc0Provide electric service to member owners on a patronage basis. Serve an average of approximately 13,200 consumers monthly.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt047
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt025136214
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt09785
IRS990/FeesForServicesAccountingGrp/TotalAmt09785
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt08500
IRS990/FeesForServicesLegalGrp/TotalAmt08500
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt44.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt54.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt864.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt651050
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt738171
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt819553
IRS990/Form990PartVIISectionAGrp/PersonNm0Velma May
IRS990/Form990PartVIISectionAGrp/PersonNm1Danny Wallen
IRS990/Form990PartVIISectionAGrp/PersonNm2Greg Davis
IRS990/Form990PartVIISectionAGrp/PersonNm3William Maxey
IRS990/Form990PartVIISectionAGrp/PersonNm4Robert Moore
IRS990/Form990PartVIISectionAGrp/PersonNm5Kelly Shepherd
IRS990/Form990PartVIISectionAGrp/PersonNm6David Estepp
IRS990/Form990PartVIISectionAGrp/PersonNm7Jeff Prater
IRS990/Form990PartVIISectionAGrp/PersonNm8John Harrison
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt012176
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt113696
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt211426
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt311974
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt412600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt513496
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6124441
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt784442
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8110626
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Sec/Treas
IRS990/Form990PartVIISectionAGrp/TitleTxt6President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt7Plant Superintendent
IRS990/Form990PartVIISectionAGrp/TitleTxt8Supervisor
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt026846802
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0162214
IRS990/InsuranceGrp/TotalAmt0162214
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt0757912
IRS990/InterestGrp/TotalAmt0757912
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0290358
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0274598
IRS990/InvestmentIncomeGrp/ExclusionAmt0174792
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0174792
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt013238286
IRS990/InvestmentsProgramRelatedGrp/EOYAmt014825489
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018821124
IRS990/LandBldgEquipBasisNetGrp/BOYAmt032817332
IRS990/LandBldgEquipBasisNetGrp/EOYAmt032893915
IRS990/LandBldgEquipCostOrOtherBssAmt051715039
IRS990/LegalDomicileStateCd0KY
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt024633937
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt019520
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt019520
IRS990/MissionDesc0Provide electric service to member owners on a patronage basis. Serve an average of approximately 13,200 consumers monthly.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt023809859
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt022467522
IRS990/NetAssetsOrFundBalancesBOYAmt021262611
IRS990/NetAssetsOrFundBalancesEOYAmt023068054
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt01805443
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0615065
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0615065
IRS990/OtherExpensesGrp/Desc0Cost of power
IRS990/OtherExpensesGrp/Desc1Distribution - maintenance
IRS990/OtherExpensesGrp/Desc2Administrative and general
IRS990/OtherExpensesGrp/Desc3Distribution - operations
IRS990/OtherExpensesGrp/ProgramServicesAmt017190536
IRS990/OtherExpensesGrp/ProgramServicesAmt11563328
IRS990/OtherExpensesGrp/ProgramServicesAmt21324858
IRS990/OtherExpensesGrp/ProgramServicesAmt31081338
IRS990/OtherExpensesGrp/TotalAmt017190536
IRS990/OtherExpensesGrp/TotalAmt11563328
IRS990/OtherExpensesGrp/TotalAmt21324858
IRS990/OtherExpensesGrp/TotalAmt31081338
IRS990/OtherLiabilitiesGrp/BOYAmt04867959
IRS990/OtherLiabilitiesGrp/EOYAmt04693629
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/BusinessCd1221000
IRS990/OtherRevenueMiscGrp/BusinessCd2221000
IRS990/OtherRevenueMiscGrp/Desc0G&T capital credits
IRS990/OtherRevenueMiscGrp/Desc1Joint use pole attachment
IRS990/OtherRevenueMiscGrp/Desc2Patronage capital credits
IRS990/OtherRevenueMiscGrp/ExclusionAmt01573030
IRS990/OtherRevenueMiscGrp/ExclusionAmt1375816
IRS990/OtherRevenueMiscGrp/ExclusionAmt269707
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01573030
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1375816
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt269707
IRS990/OtherRevenueTotalAmt02038073
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02210749
IRS990/OtherSalariesAndWagesGrp/TotalAmt02210749
IRS990/OtherSourcesGrossIncomeAmt0639835
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0196845
IRS990/PayrollTaxesGrp/TotalAmt0196845
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-2549201
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-2401385
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0361583
IRS990/PensionPlanContributionsGrp/TotalAmt0361583
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt047723
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt047569
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0Electric revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt024633937
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt024633937
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt02137905
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0177255
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt023372553
IRS990/PYOtherRevenueAmt01850261
IRS990/PYProgramServiceRevenueAmt027117775
IRS990/PYSalariesCompEmpBnftPaidAmt03634833
IRS990/PYTotalExpensesAmt029145291
IRS990/PYTotalRevenueAmt029145291
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt023579862
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt025241779
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt032893915
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018821124
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt051715039
IRS990ScheduleD/ExpensesSubtotalAmt026846802
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0283788
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13749502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt219926
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3640413
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued expenses
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accumulated postretirement benefits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Consumer advances for construction
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Customer deposits
IRS990ScheduleD/RevenueSubtotalAmt026846802
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032893915
IRS990ScheduleD/TotalBookValueProgramRltdAmt014825489
IRS990ScheduleD/TotalExpensesPerForm990Amt026846802
IRS990ScheduleD/TotalLiabilityAmt04693629
IRS990ScheduleD/TotalRevenuePerForm990Amt026846802
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt026846802
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt026846802
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0124441
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt051050
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0David Estepp
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0175491
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Must be a member to receive electric service. Each member has 1 vote. May have more than 1 service per membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Nominating committee meets every year to select a member to run for director. Member may run for director with petition signed by 75 or more eligible members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Articles of Incorporation can only be changed by a majority of membership. By-Laws may be altered, amended, or repealed by the Board of Directors at any regular or special Board meeting, provided, that the notice of the meeting, shall have contained a copy of the proposed alteration, amendment, or repeal.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Directors are furnished a draft copy of the 990 prior to filing. May make inquiries of, and changes to, information contained in the filing. Additionally, directors meet with the independent auditor and are able to ask questions at that time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Directors and key employees annually complete questionnaire on family and business relationships.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt515a & b. Board of Directors review and approve compensation of key employees and other non-union employees using data provided by state and national organization surveys of electric cooperatives.15b. Remaining employees compensation is negotiated through a union contract.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7= $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8= -$0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Comprehensive income-postretirement ben = $147816
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Margins allocated to members = $1710588
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Memberships issued, net = -$4290
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Other equities = $17670
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Refunds of capital credits = -$66341
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Represents patronage capital allocated to members in accordance with the bylaws of the Cooperative. This reporting results in a difference between book income and income reported on the Form 990 by the same amount.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 4 - Benefits paid to or for members
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt052047929
IRS990/TotalAssetsEOYAmt052168418
IRS990/TotalAssetsGrp/BOYAmt052047929

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$52,168,418
Liabilities
$29,100,364
Net assets
$23,068,054
Revenue
$26,846,802
Expenses
$26,846,802
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$65.4$36.1$29.3$27.8$27.8$0.00
2023Detailed filing. Detailed filing data is available for this year.$64.6$34.2$30.4$27.5$27.5$0.00
2022Detailed filing. Detailed filing data is available for this year.$64.2$34.8$29.4$30.0$30.0$0.00
2021Detailed filing. Detailed filing data is available for this year.$64.9$36.0$28.9$25.6$25.6$0.00
2020Detailed filing. Detailed filing data is available for this year.$62.3$34.1$28.2$24.1$24.1$0.00
2019Detailed filing. Detailed filing data is available for this year.$54.7$28.1$26.7$25.2$25.2$0.00
2018Detailed filing. Detailed filing data is available for this year.$54.4$28.9$25.5$26.2$26.2$0.00
2017Detailed filing. Detailed filing data is available for this year.$54.4$29.8$24.6$23.8$23.8$0.00
2016Detailed filing. Detailed filing data is available for this year.$53.3$29.0$24.4$25.5$25.5$0.00
2015Detailed filing. Detailed filing data is available for this year.$52.2$29.1$23.1$26.8$26.8$0.00
2014Detailed filing. Detailed filing data is available for this year.$52.0$30.8$21.3$29.1$29.1$0.00
2013Detailed filing. Detailed filing data is available for this year.$51.4$32.4$19.0$29.0$29.0$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.7$32.1$16.6$27.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.1$27.8$17.3$27.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.6$28.1$15.4$26.0