Civic Intelligence

Big Sandy Rural Electric Cooperative Corporation

990 • Fiscal year 2016 • EIN 61-0133681

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 14, 2017

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

51st percentile

0.54x

Higher debt load relative to assets than 51% of similar nonprofits.

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

Liabilities / Revenue

33rd percentile

1.14x

Higher debt load relative to revenue than 33% of similar nonprofits.

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

Net Margin

46th percentile

0.0%

Higher net margin than 46% of similar nonprofits.

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

Top Officer Pay

22nd percentile

$185,575

Higher top officer pay than 22% of similar nonprofits.

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

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

Asset Growth

38th percentile

2.2%

Faster asset growth than 38% of similar nonprofits.

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

Revenue Growth

13th percentile

-5.2%

Faster revenue growth than 13% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$53,326,837

Up $1,158,419 (+2.2%) from 2015

Net Assets

Up

$24,369,626

Up $1,301,572 (+5.6%) from 2015

Liabilities

Down

$28,957,211

Down $143,153 (-0.5%) from 2015

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin46th percentile

Revenue

Down

$25,462,623

Down $1,384,179 (-5.2%) from 2015

Expenses

Down

$25,462,623

Down $1,384,179 (-5.2%) from 2015

Net Income

Flat

$0

Flat from 2015

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2016

Assets$53,326,837
Liabilities$28,957,211
Net Assets$24,369,626
Open 2016 Filing

Operations Trend

Revenue Growth13th 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

2016

Revenue$25,462,623
Expenses$25,462,623
Net Income$0
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 14, 2017
Return Version
2016v3.0
Gross Receipts
$25,462,623
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$32,893,915$33,210,099▲ $316,184
Rtn Earn Endowment Incm Other Fnds$25,241,779$25,880,946▲ $639,167
Investments Program Related$14,825,489$15,648,826▲ $823,337
Accounts Receivable$3,613,731$3,700,810▲ $87,079
Cash and Non-Interest-Bearing Accounts$513,116$451,012▼ $62,104
Inventories for Sale or Use$274,598$275,659▲ $1,061
Cap Stk Tr Prin Current Funds$227,660$227,285▼ $375
Prepaid Expenses and Deferred Charges$47,569$40,431▼ $7,138
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-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$-2,401,385$-1,738,605▲ $662,780
Total Assets$52,168,418$53,326,837▲ $1,158,419
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$22,467,522$22,111,765▼ $355,757
Other Liabilities$4,693,629$4,608,506▼ $85,123
Accounts Payable and Accrued Expenses$1,939,213$2,236,940▲ $297,727
Total Liabilities$29,100,364$28,957,211▼ $143,153
Net Assets / Fund Balance
Total Net Assets Fund Balance$23,068,054$24,369,626▲ $1,301,572
Total Liabilities and Net Assets / Fund Balance$52,168,418$53,326,837▲ $1,158,419

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$33,210,099$19,412,457$52,622,556
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David EsteppPresident & CEOFT$130,091$55,484$185,575
John HarrisonSupervisorFT$111,272$21,506$132,778
Velma MayDirector-$33,464-$33,464
Danny WallenChairman-$16,381-$16,381
Robert MooreDirector-$16,224-$16,224
William MaxeyDirector-$12,036-$12,036
Kelly ShepherdSec/Treas-$11,586-$11,586
Greg DavisVice Chairman-$9,314-$9,314

Highest Paid Contractors

ContractorServicesLocationCompensation
WA Kendall & CompanyROW clearingPO Box 381, Lawrenceville, GA 30046$577,053
R & H Contracting LLCBuilding construct33 Lafferty Branch, Presonsburg, KY 41635$124,672
G & S Contracting IncLine construction81 Willow Drive, Auxier, KY 41602$112,411
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$24,036,771
Investment Income
$173,286
Other Revenue
$1,252,566
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,462,623
Total Revenue per Audited Statements
$25,462,623
Total Revenue per Form 990
$25,462,623
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,437,411
Salaries, Compensation, and Employee Benefits$3,827,757
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,289,840--$2,289,840
Other Salaries and Wages$2,276,351--$2,276,351
Benefits to Members$1,197,455--$1,197,455
Other Expenses$996,251--$996,251
Interest$747,663--$747,663
Other Employee Benefits$740,288--$740,288
Pension Plan Contributions$389,840--$389,840
Current Officers, Directors, Trustees, and Key Employees$229,095--$229,095
Payroll Taxes$192,183--$192,183
Insurance$182,364--$182,364
Fees for Services Legal$16,194--$16,194
Fees for Services Accounting$9,250--$9,250
All Other Expenses$-3,073,486--$-3,073,486
Total Functional Expenses$25,462,623$0$0$25,462,623

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$25,462,623
Total Expenses per Audited Statements$25,462,623
Total Expenses per Form 990$25,462,623
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$3,678,035
Customer deposits$618,198
Accrued expenses$300,679
Consumer advances for construction$11,594
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
2017-04-14
Discuss with paid preparer
No

Organization Details

Formed
1936
Legal Domicile
Ky
Voting Board Members
6
Independent Board Members
6
Employees
43

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

“Comprehensive income-postretirement ben = $147816”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Margins allocated to members = $1197455”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Memberships issued, net = -$375”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Other equities = $20097”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Refunds of capital credits = -$63421”

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.”

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IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt025462623
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0182364
IRS990/InsuranceGrp/TotalAmt0182364
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt0747663
IRS990/InterestGrp/TotalAmt0747663
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0274598
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0275659
IRS990/InvestmentIncomeGrp/ExclusionAmt0173286
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0173286
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt014825489
IRS990/InvestmentsProgramRelatedGrp/EOYAmt015648826
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt018
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019412457
IRS990/LandBldgEquipBasisNetGrp/BOYAmt032893915
IRS990/LandBldgEquipBasisNetGrp/EOYAmt033210099
IRS990/LandBldgEquipCostOrOtherBssAmt052622556
IRS990/LegalDomicileStateCd0KY
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt024036771
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt013873
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt013873
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/BOYAmt022467522
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt022111765
IRS990/NetAssetsOrFundBalancesBOYAmt023068054
IRS990/NetAssetsOrFundBalancesEOYAmt024369626
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/OtherChangesInNetAssetsAmt01301572
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0740288
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0740288
IRS990/OtherExpensesGrp/Desc0Cost of power
IRS990/OtherExpensesGrp/Desc1Distribution - maintenance
IRS990/OtherExpensesGrp/Desc2Administrative and general
IRS990/OtherExpensesGrp/Desc3Distribution - operations
IRS990/OtherExpensesGrp/ProgramServicesAmt016239864
IRS990/OtherExpensesGrp/ProgramServicesAmt11686356
IRS990/OtherExpensesGrp/ProgramServicesAmt21343115
IRS990/OtherExpensesGrp/ProgramServicesAmt3996251
IRS990/OtherExpensesGrp/TotalAmt016239864
IRS990/OtherExpensesGrp/TotalAmt11686356
IRS990/OtherExpensesGrp/TotalAmt21343115
IRS990/OtherExpensesGrp/TotalAmt3996251
IRS990/OtherLiabilitiesGrp/BOYAmt04693629
IRS990/OtherLiabilitiesGrp/EOYAmt04608506
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/ExclusionAmt0800000
IRS990/OtherRevenueMiscGrp/ExclusionAmt1379021
IRS990/OtherRevenueMiscGrp/ExclusionAmt259672
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0800000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1379021
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt259672
IRS990/OtherRevenueTotalAmt01252566
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02276351
IRS990/OtherSalariesAndWagesGrp/TotalAmt02276351
IRS990/OtherSourcesGrossIncomeAmt0625852
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0192183
IRS990/PayrollTaxesGrp/TotalAmt0192183
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-2401385
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-1738605
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0389840
IRS990/PensionPlanContributionsGrp/TotalAmt0389840
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt047569
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt040431
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0Electric revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt024036771
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt024036771
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt01710588
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0174792
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt021467721
IRS990/PYOtherRevenueAmt02038073
IRS990/PYProgramServiceRevenueAmt024633937
IRS990/PYSalariesCompEmpBnftPaidAmt03668493
IRS990/PYTotalExpensesAmt026846802
IRS990/PYTotalRevenueAmt026846802
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/BOYAmt025241779
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt025880946
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt033210099
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019412457
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052622556
IRS990ScheduleD/ExpensesSubtotalAmt025462623
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0300679
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13678035
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt211594
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3618198
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued expenses
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accumulated postretirement benefits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Consumer advances for construction
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Customer deposits
IRS990ScheduleD/RevenueSubtotalAmt025462623
IRS990ScheduleD/TotalBookValueLandBuildingsAmt033210099
IRS990ScheduleD/TotalBookValueProgramRltdAmt015648826
IRS990ScheduleD/TotalExpensesPerForm990Amt025462623
IRS990ScheduleD/TotalLiabilityAmt04608506
IRS990ScheduleD/TotalRevenuePerForm990Amt025462623
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt025462623
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt025462623
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0130091
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt055484
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0David Estepp
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0185575
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/ExplanationTxt7Comprehensive income-postretirement ben = $147816
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Margins allocated to members = $1197455
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Memberships issued, net = -$375
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Other equities = $20097
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Refunds of capital credits = -$63421
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Represents 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 Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Changes In Net Assets Or Fund Balances - Other Decreases
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/FormAndLineReferenceDesc12Form 990, Part IX, Line 4 - Benefits paid to or for members
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$53,326,837
Liabilities
$28,957,211
Net assets
$24,369,626
Revenue
$25,462,623
Expenses
$25,462,623
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