Civic Intelligence

Licking Valley Rural Electric Cooperative Corporation

990 • Fiscal year 2016 • EIN 61-0259922

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 21, 2017

Organization Profilewww.lvrecc.com
PO Box 605West Liberty, KY 41472

(606) 743-3179

Siviq Scores

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

Liabilities / Assets

45th percentile

0.52x

Higher debt load relative to assets than 45% of similar nonprofits.

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

Liabilities / Revenue

41st percentile

1.26x

Higher debt load relative to revenue than 41% 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

10th percentile

$142,749

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

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

Asset Growth

73rd percentile

4.8%

Faster asset growth than 73% of similar nonprofits.

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

Revenue Growth

42nd percentile

0.1%

Faster revenue growth than 42% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$67,943,810

Up $3,112,296 (+4.8%) from 2015

Net Assets

Up

$32,297,580

Up $940,370 (+3.0%) from 2015

Liabilities

Up

$35,646,230

Up $2,171,926 (+6.5%) from 2015

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin46th percentile

Revenue

Up

$28,309,667

Up $32,505 (+0.1%) from 2015

Expenses

Up

$28,309,667

Up $32,505 (+0.1%) from 2015

Net Income

Flat

$0

Flat from 2015

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$100M$50M$0Assets 2010: $54,632,246Liabilities 2010: $31,050,748Net Assets 2010: $23,581,4982010Assets 2011: $56,756,650Liabilities 2011: $31,008,940Net Assets 2011: $25,747,7102011Assets 2012: $59,369,289Liabilities 2012: $32,085,144Net Assets 2012: $27,284,1452012Assets 2013: $61,784,498Liabilities 2013: $32,039,334Net Assets 2013: $29,745,1642013Assets 2014: $63,979,839Liabilities 2014: $32,840,354Net Assets 2014: $31,139,4852014Assets 2015: $64,831,514Liabilities 2015: $33,474,304Net Assets 2015: $31,357,2102015Assets 2016: $67,943,810Liabilities 2016: $35,646,230Net Assets 2016: $32,297,5802016Assets 2017: $71,110,734Liabilities 2017: $38,201,652Net Assets 2017: $32,909,0822017Assets 2018: $73,203,845Liabilities 2018: $39,152,121Net Assets 2018: $34,051,7242018Assets 2019: $74,369,709Liabilities 2019: $39,315,927Net Assets 2019: $35,053,7822019Assets 2020: $75,203,882Liabilities 2020: $38,071,511Net Assets 2020: $37,132,3712020Assets 2021: $77,334,873Liabilities 2021: $38,400,695Net Assets 2021: $38,934,1782021Assets 2022: $79,923,890Liabilities 2022: $40,142,558Net Assets 2022: $39,781,3322022Assets 2023: $83,028,628Liabilities 2023: $43,923,602Net Assets 2023: $39,105,0262023Assets 2024: $86,809,002Liabilities 2024: $49,390,667Net Assets 2024: $37,418,3352024

Highlighted filing

2016

Assets$67,943,810
Liabilities$35,646,230
Net Assets$32,297,580
Open 2016 Filing

Operations Trend

Revenue Growth42nd percentile

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

$40M$30M$20M$10M$0Expenses 2010: $27,282,5212010Expenses 2011: $27,784,3102011Expenses 2012: $29,236,7282012Revenue 2013: $31,167,161Expenses 2013: $31,167,161Net Income 2013: $02013Revenue 2014: $31,269,416Expenses 2014: $31,269,416Net Income 2014: $02014Revenue 2015: $28,277,162Expenses 2015: $28,277,162Net Income 2015: $02015Revenue 2016: $28,309,667Expenses 2016: $28,309,667Net Income 2016: $02016Revenue 2017: $27,520,548Expenses 2017: $27,520,548Net Income 2017: $02017Revenue 2018: $28,991,589Expenses 2018: $28,991,589Net Income 2018: $02018Revenue 2019: $28,384,753Expenses 2019: $28,384,753Net Income 2019: $02019Revenue 2020: $27,046,835Expenses 2020: $27,046,835Net Income 2020: $02020Revenue 2021: $29,906,609Expenses 2021: $29,906,609Net Income 2021: $02021Revenue 2022: $35,858,923Expenses 2022: $35,858,923Net Income 2022: $02022Revenue 2023: $34,304,644Expenses 2023: $34,304,644Net Income 2023: $02023Revenue 2024: $38,656,302Expenses 2024: $38,656,302Net Income 2024: $02024

Highlighted filing

2016

Revenue$28,309,667
Expenses$28,309,667
Net Income$0
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 21, 2017
Return Version
2016v3.0
Gross Receipts
$28,309,667
Mission and Program Overview

Mission

Provide electric service to member owners on a patronage basis. Serve an average of approximately 17,300 consumers monthly.

Provide electric service to member owners on a patronage basis. Serve an average of approximately 17,500 consumers monthly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$43,400,058$44,901,785▲ $1,501,727
Rtn Earn Endowment Incm Other Fnds$31,903,433$32,796,968▲ $893,535
Investments Program Related$15,392,401$16,657,174▲ $1,264,773
Accounts Receivable$5,068,753$5,492,278▲ $423,525
Inventories for Sale or Use$579,389$560,622▼ $18,767
Prepaid Expenses and Deferred Charges$127,352$228,609▲ $101,257
Cap Stk Tr Prin Current Funds$212,595$214,790▲ $2,195
Cash and Non-Interest-Bearing Accounts$263,561$103,342▼ $160,219
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-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$-758,818$-714,178▲ $44,640
Total Assets$64,831,514$67,943,810▲ $3,112,296
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$25,587,898$27,438,618▲ $1,850,720
Other Liabilities$5,362,772$5,462,917▲ $100,145
Accounts Payable and Accrued Expenses$2,523,634$2,744,695▲ $221,061
Total Liabilities$33,474,304$35,646,230▲ $2,171,926
Net Assets / Fund Balance
Total Net Assets Fund Balance$31,357,210$32,297,580▲ $940,370
Total Liabilities and Net Assets / Fund Balance$64,831,514$67,943,810▲ $3,112,296

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$44,901,785$26,720,101$71,621,886
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kerry K HowardGeneral Manager/CEOFT$119,110$23,639$142,749
Sandra BradleyAccountantFT$116,447$20,360$136,807
Ted HolbrookSec/TreasurerPT$7,500-$7,500
Phillip WilliamsDirectorPT$3,900-$3,900
CK StacyDirectorPT$3,600-$3,600
Darrell CundiffPresidentPT$3,600-$3,600
Dolores JonesDirectorPT$3,600-$3,600
J Frank PorterDirectorPT$3,600-$3,600
Michael AdamsVice PresidentPT$3,600-$3,600
Tommy HillDirectorPT$3,600-$3,600

Highest Paid Contractors

ContractorServicesLocationCompensation
BmcROW clearingPO Box 450, Mt Sterling, KY 40353$1,130,135
Dobson Power LinePower line constructPO Box 1236, Nicholasville, KY 40340$772,400
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$26,971,268
Investment Income
$29,883
Other Revenue
$1,308,516
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,309,667
Total Revenue per Audited Statements
$28,309,667
Total Revenue per Form 990
$28,309,667
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,052,802
Salaries, Compensation, and Employee Benefits$4,366,238
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,639,720--$2,639,720
Depreciation Depletion$2,263,754--$2,263,754
Other Expenses$1,367,807--$1,367,807
Other Employee Benefits$1,094,985--$1,094,985
Benefits to Members$890,627--$890,627
Interest$489,854--$489,854
Insurance$268,561--$268,561
Pension Plan Contributions$268,373--$268,373
Payroll Taxes$211,050--$211,050
Current Officers, Directors, Trustees, and Key Employees$152,110--$152,110
Fees for Services Accounting$96,315--$96,315
Fees for Services Legal$17,277--$17,277
All Other Expenses$-3,820,602--$-3,820,602
Total Functional Expenses$28,309,667$0$0$28,309,667

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$28,309,667
Total Expenses per Audited Statements$28,309,667
Total Expenses per Form 990$28,309,667
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$3,157,101
Customer deposits$1,290,904
Other current and accrued liabilities$779,434
Consumer advances for construction$235,478
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 4th year to select member to run for director. Member may run for director with petition signed by 50 or more 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 the 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. They may make inquiries and changes of the 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 reviews and approves compensation of top management, key employees and others using data provided by state and national organization surveys of electric cooperatives.”

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

“Copy of Non-Discrimination statement and By-Laws are given to each new member. By-Laws and financial statements are published annually in newsletter mailed to each member. Each year an annual meeting of members is held.”

Filing and Contact Details

Filer

Filer Name
Licking Valley Rural Electric
EIN
61-0259922
Phone
6067433179
Address
PO Box 605, West Liberty, KY 41472

Signing Officer

Name
Kerry Howard
Title
General Mgr/CEO
Signed
2017-04-21
Discuss with paid preparer
No

Organization Details

Formed
1936
Legal Domicile
Ky
Voting Board Members
8
Independent Board Members
8
Employees
49

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 = $44640”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Margins allocated to members = $890627”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Memberships issued = $2195”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Other equities = $2908”

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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8General Manager/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9Accountant
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IRS990/Form990TFiledInd0false
IRS990/FormationYr01936
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0268561
IRS990/InsuranceGrp/TotalAmt0268561
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt0489854
IRS990/InterestGrp/TotalAmt0489854
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0579389
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0560622
IRS990/InvestmentIncomeGrp/ExclusionAmt029883
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt029883
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt015392401
IRS990/InvestmentsProgramRelatedGrp/EOYAmt016657174
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt026720101
IRS990/LandBldgEquipBasisNetGrp/BOYAmt043400058
IRS990/LandBldgEquipBasisNetGrp/EOYAmt044901785
IRS990/LandBldgEquipCostOrOtherBssAmt071621886
IRS990/LegalDomicileStateCd0KY
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt026971268
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt01774
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt01774
IRS990/MissionDesc0Provide electric service to member owners on a patronage basis. Serve an average of approximately 17,500 consumers monthly.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt025587898
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt027438618
IRS990/NetAssetsOrFundBalancesBOYAmt031357210
IRS990/NetAssetsOrFundBalancesEOYAmt032297580
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/OtherChangesInNetAssetsAmt0940370
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01094985
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01094985
IRS990/OtherExpensesGrp/Desc0Cost of power
IRS990/OtherExpensesGrp/Desc1Distribution - maintenance
IRS990/OtherExpensesGrp/Desc2Distribution - operations
IRS990/OtherExpensesGrp/Desc3Administrative and general
IRS990/OtherExpensesGrp/ProgramServicesAmt018013860
IRS990/OtherExpensesGrp/ProgramServicesAmt12591237
IRS990/OtherExpensesGrp/ProgramServicesAmt21764739
IRS990/OtherExpensesGrp/ProgramServicesAmt31367807
IRS990/OtherExpensesGrp/TotalAmt018013860
IRS990/OtherExpensesGrp/TotalAmt12591237
IRS990/OtherExpensesGrp/TotalAmt21764739
IRS990/OtherExpensesGrp/TotalAmt31367807
IRS990/OtherLiabilitiesGrp/BOYAmt05362772
IRS990/OtherLiabilitiesGrp/EOYAmt05462917
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/BusinessCd1221000
IRS990/OtherRevenueMiscGrp/BusinessCd2221000
IRS990/OtherRevenueMiscGrp/Desc0G&T capital credits
IRS990/OtherRevenueMiscGrp/Desc1Joint use attachments
IRS990/OtherRevenueMiscGrp/Desc2Patronage cap allocations
IRS990/OtherRevenueMiscGrp/ExclusionAmt01232105
IRS990/OtherRevenueMiscGrp/ExclusionAmt115077
IRS990/OtherRevenueMiscGrp/ExclusionAmt259560
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01232105
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt115077
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt259560
IRS990/OtherRevenueTotalAmt01308516
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02639720
IRS990/OtherSalariesAndWagesGrp/TotalAmt02639720
IRS990/OtherSourcesGrossIncomeAmt0106294
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0211050
IRS990/PayrollTaxesGrp/TotalAmt0211050
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-758818
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-714178
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0268373
IRS990/PensionPlanContributionsGrp/TotalAmt0268373
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0127352
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0228609
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0Electric revenue service
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt026971268
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt026971268
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt082562
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt029879
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt023856763
IRS990/PYOtherRevenueAmt01367910
IRS990/PYProgramServiceRevenueAmt026879373
IRS990/PYSalariesCompEmpBnftPaidAmt04337837
IRS990/PYTotalExpensesAmt028277162
IRS990/PYTotalRevenueAmt028277162
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/BOYAmt031903433
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt032796968
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt044901785
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026720101
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt071621886
IRS990ScheduleD/ExpensesSubtotalAmt028309667
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03157101
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1235478
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21290904
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3779434
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accumulated postretirement benefits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Consumer advances for construction
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Customer deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Other current and accrued liabilities
IRS990ScheduleD/RevenueSubtotalAmt028309667
IRS990ScheduleD/TotalBookValueLandBuildingsAmt044901785
IRS990ScheduleD/TotalBookValueProgramRltdAmt016657174
IRS990ScheduleD/TotalExpensesPerForm990Amt028309667
IRS990ScheduleD/TotalLiabilityAmt05462917
IRS990ScheduleD/TotalRevenuePerForm990Amt028309667
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt028309667
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt028309667
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 4th year to select member to run for director. Member may run for director with petition signed by 50 or more members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Articles of Incorporation can only be changed by a majority of the 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. They may make inquiries and changes of the 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 reviews and approves compensation of top management, key employees and others using data provided by state and national organization surveys of electric cooperatives.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Copy of Non-Discrimination statement and By-Laws are given to each new member. By-Laws and financial statements are published annually in newsletter mailed to each member. Each year an annual meeting of members is held.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Comprehensive income-postretirement ben = $44640
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Margins allocated to members = $890627
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Memberships issued = $2195
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Other equities = $2908
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 Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false

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
$67,943,810
Liabilities
$35,646,230
Net assets
$32,297,580
Revenue
$28,309,667
Expenses
$28,309,667
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$86.8$49.4$37.4$38.7$38.7$0.00
2023Detailed filing. Detailed filing data is available for this year.$83.0$43.9$39.1$34.3$34.3$0.00
2022Detailed filing. Detailed filing data is available for this year.$79.9$40.1$39.8$35.9$35.9$0.00
2021Detailed filing. Detailed filing data is available for this year.$77.3$38.4$38.9$29.9$29.9$0.00
2020Detailed filing. Detailed filing data is available for this year.$75.2$38.1$37.1$27.0$27.0$0.00
2019Detailed filing. Detailed filing data is available for this year.$74.4$39.3$35.1$28.4$28.4$0.00
2018Detailed filing. Detailed filing data is available for this year.$73.2$39.2$34.1$29.0$29.0$0.00
2017Detailed filing. Detailed filing data is available for this year.$71.1$38.2$32.9$27.5$27.5$0.00
2016Detailed filing. Detailed filing data is available for this year.$67.9$35.6$32.3$28.3$28.3$0.00
2015Detailed filing. Detailed filing data is available for this year.$64.8$33.5$31.4$28.3$28.3$0.00
2014Detailed filing. Detailed filing data is available for this year.$64.0$32.8$31.1$31.3$31.3$0.00
2013Detailed filing. Detailed filing data is available for this year.$61.8$32.0$29.7$31.2$31.2$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.4$32.1$27.3$29.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.8$31.0$25.7$27.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.6$31.1$23.6$27.3