Civic Intelligence

Meade County Rural Electric Cooperative Corporation

990 • Fiscal year 2015 • EIN 61-0277343

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

Organization Profilewww.mcrecc.com
PO Box 489Brandenburg, KY 40108

(270) 422-2162

Siviq Scores

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

Liabilities / Assets

86th percentile

0.67x

Higher debt load relative to assets than 86% of similar nonprofits.

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

Liabilities / Revenue

54th percentile

1.39x

Higher debt load relative to revenue than 54% of similar nonprofits.

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

Net Margin

58th percentile

0.9%

Higher net margin than 58% of similar nonprofits.

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

Top Officer Pay

76th percentile

$260,846

Higher top officer pay than 76% of similar nonprofits.

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

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

Asset Growth

54th percentile

3.3%

Faster asset growth than 54% of similar nonprofits.

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

Revenue Growth

55th percentile

-1.4%

Faster revenue growth than 55% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$97,870,995

Up $3,121,301 (+3.3%) from 2014

Net Assets

Up

$32,231,839

Up $179,937 (+0.6%) from 2014

Liabilities

Up

$65,639,156

Up $2,941,364 (+4.7%) from 2014

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin58th percentile

Revenue

Down

$47,181,495

Down $645,874 (-1.4%) from 2014

Expenses

Down

$46,768,345

Down $665,685 (-1.4%) from 2014

Net Income

Up

$413,150

Up $19,811 (+5.0%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$150M$100M$50M$0Assets 2010: $83,963,908Liabilities 2010: $58,609,797Net Assets 2010: $25,354,1112010Assets 2011: $89,496,548Liabilities 2011: $62,010,061Net Assets 2011: $27,486,4872011Assets 2012: $90,932,625Liabilities 2012: $62,219,892Net Assets 2012: $28,712,7332012Assets 2013: $94,598,831Liabilities 2013: $64,207,367Net Assets 2013: $30,391,4642013Assets 2014: $94,749,694Liabilities 2014: $62,697,792Net Assets 2014: $32,051,9022014Assets 2015: $97,870,995Liabilities 2015: $65,639,156Net Assets 2015: $32,231,8392015Assets 2016: $101,241,474Liabilities 2016: $68,537,719Net Assets 2016: $32,703,7552016Assets 2017: $100,798,938Liabilities 2017: $66,888,954Net Assets 2017: $33,909,9842017Assets 2018: $115,491,506Liabilities 2018: $79,902,778Net Assets 2018: $35,588,7282018Assets 2019: $117,432,757Liabilities 2019: $81,591,166Net Assets 2019: $35,841,5912019Assets 2020: $116,075,331Liabilities 2020: $79,441,620Net Assets 2020: $36,633,7112020Assets 2021: $114,856,547Liabilities 2021: $76,702,108Net Assets 2021: $38,154,4392021Assets 2022: $116,049,029Liabilities 2022: $77,173,975Net Assets 2022: $38,875,0542022Assets 2023: $114,736,795Liabilities 2023: $73,721,028Net Assets 2023: $41,015,7672023Assets 2024: $114,152,123Liabilities 2024: $72,842,613Net Assets 2024: $41,309,5102024

Highlighted filing

2015

Assets$97,870,995
Liabilities$65,639,156
Net Assets$32,231,839
Open 2015 Filing

Operations Trend

Revenue Growth55th percentile

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

$100M$50M$0Expenses 2010: $32,884,0342010Revenue 2011: $36,122,913Expenses 2011: $35,937,553Net Income 2011: $185,3602011Expenses 2012: $36,302,9132012Revenue 2013: $41,631,065Expenses 2013: $41,260,916Net Income 2013: $370,1492013Revenue 2014: $47,827,369Expenses 2014: $47,434,030Net Income 2014: $393,3392014Revenue 2015: $47,181,495Expenses 2015: $46,768,345Net Income 2015: $413,1502015Revenue 2016: $50,668,130Expenses 2016: $50,350,387Net Income 2016: $317,7432016Revenue 2017: $54,505,954Expenses 2017: $54,306,991Net Income 2017: $198,9632017Revenue 2018: $59,758,606Expenses 2018: $59,208,333Net Income 2018: $550,2732018Revenue 2019: $55,880,201Expenses 2019: $55,880,201Net Income 2019: $02019Revenue 2020: $52,512,211Expenses 2020: $52,512,211Net Income 2020: $02020Revenue 2021: $56,068,538Expenses 2021: $56,068,538Net Income 2021: $02021Revenue 2022: $68,475,133Expenses 2022: $68,475,133Net Income 2022: $02022Revenue 2023: $74,643,147Expenses 2023: $74,643,147Net Income 2023: $02023Revenue 2024: $86,638,949Expenses 2024: $86,638,949Net Income 2024: $02024

Highlighted filing

2015

Revenue$47,181,495
Expenses$46,768,345
Net Income$413,150
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 28, 2016
Return Version
2015v2.0
Gross Receipts
$47,181,495
Mission and Program Overview

Mission

Provide electric service to member owners on a patronage basis. Serve an average of approximately 29,700 consumers monthly.

Provide electric service to member owners on a patronage basis. Serve an average of approximately 29,000 consumers monthly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$79,113,086$81,090,347▲ $1,977,261
Rtn Earn Endowment Incm Other Fnds$32,108,955$32,277,239▲ $168,284
Accounts Receivable$5,569,311$4,546,460▼ $1,022,851
Savings and Temporary Cash Investments$1,709,764$3,741,769▲ $2,032,005
Cash and Non-Interest-Bearing Accounts$3,065,391$3,454,605▲ $389,214
Investments Program Related$2,043,772$2,088,492▲ $44,720
Prepaid Expenses and Deferred Charges$945,097$896,339▼ $48,758
Inventories for Sale or Use$759,551$765,516▲ $5,965
Cap Stk Tr Prin Current Funds$82,942$79,237▼ $3,705
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-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$-139,995$-124,637▲ $15,358
Total Assets$94,749,694$97,870,995▲ $3,121,301
Other Assets Total$1,543,722$1,287,467▼ $256,255
Liabilities
Mortgage Notes Payable Secured by Investment Property$54,991,938$57,952,491▲ $2,960,553
Other Liabilities$3,916,952$4,298,865▲ $381,913
Accounts Payable and Accrued Expenses$3,788,902$3,387,800▼ $401,102
Total Liabilities$62,697,792$65,639,156▲ $2,941,364
Net Assets / Fund Balance
Total Net Assets Fund Balance$32,051,902$32,231,839▲ $179,937
Total Liabilities and Net Assets / Fund Balance$94,749,694$97,870,995▲ $3,121,301

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$81,090,347$36,055,241$117,145,588
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Burns MercerPresident/CEO-retiredFT$227,531$33,315$260,846
Karen BrownVP, Admin/Finance-retiredFT$177,089$23,074$200,163
David PoeVP Engineering & OperationsFT$158,172$30,291$188,463
David PaceVP, Public Relations & MktFT$105,202$33,383$138,585
Michael FrenchSystem EngineerFT$102,590$35,281$137,871
Anna SwansonVP, Acctg & FinanceFT$96,673$17,917$114,590
Martin LittrelPresident/CEOFT$25,157$3,648$28,805
Darla SipesSec-TreasPT$12,871-$12,871
Stephen BarrDirectorPT$11,132-$11,132
Robert RhodesChairmanPT$11,110-$11,110
David T Wilson IIDirectorPT$10,882-$10,882
Paul Ed ButlerDirectorPT$9,621-$9,621
Dr James G SillsVice ChairmanPT$9,610-$9,610
Christopher CreechDirectorPT$2,605-$2,605
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$46,420,588
Investment Income
$345,995
Other Revenue
$414,912
Change in Net Assets
$413,150

Audited Revenue Reconciliation

Revenue per Audited Statements
$47,181,495
Total Revenue per Audited Statements
$47,181,495
Total Revenue per Form 990
$47,181,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$39,220,655
Salaries, Compensation, and Employee Benefits$6,213,603
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,804,166--$3,804,166
Depreciation Depletion$3,702,433--$3,702,433
Other Expenses$1,843,506--$1,843,506
Interest$1,612,596--$1,612,596
Benefits to Members$1,334,087--$1,334,087
Current Officers, Directors, Trustees, and Key Employees$857,655--$857,655
Pension Plan Contributions$673,343--$673,343
Other Employee Benefits$529,296--$529,296
Payroll Taxes$349,143--$349,143
Insurance$292,391--$292,391
Fees for Services Legal$28,983--$28,983
Fees for Services Accounting$10,750--$10,750
All Other Expenses$-4,738,939--$-4,738,939
Total Functional Expenses$46,768,345$0$0$46,768,345

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$46,768,345
Total Expenses per Audited Statements$46,768,345
Total Expenses per Form 990$46,768,345
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$1,537,930
Other current and accrued liabilities$1,142,818
Consumer deposits$998,977
Consumer advances for construction$619,140
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 there is an election to select member to run for director. Member may run for director with petition signed by 100 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 at least a 2/3 majority of membership. By laws may be altered by a majority vote of the board of directors.”

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

“Directors are furnished a draft copy of the Form 990 prior to filing. May make inquiries and changes to the information contained in the filing.”

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. and b. The Board receives data from both local and national surveys. The Board uses this data, along with performance review for the CEO, to set compensation.”

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

“By laws and Articles of Incorporation are made available to each new member. Each year an annual meeting of members is held, with financial information distributed at this meeting. Financial information is available on Kentucky Public Service Commission website.”

Filing and Contact Details

Filer

Filer Name
Meade County Rural Electric
EIN
61-0277343
Phone
2704222162
Address
PO Box 489, Brandenburg, KY 40108

Signing Officer

Name
Martin Littrel
Title
President & CEO
Signed
2016-04-28
Discuss with paid preparer
Yes

Organization Details

Formed
1937
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
7
Employees
70

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 = $15358”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Margins allocated to members = $1334087”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Memberships issued = -$3705”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Other equities = -$0”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Other equities = $134521”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Refunds of capital credits = -$1713474”

Form 990, Part IX, Line 4 -

“Represents patronage capital allocated to members in accordance with the Cooperative's bylaws. 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/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Sec-Treas
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP Engineering & Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP, Acctg & Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP, Public Relations & Mkt
IRS990/Form990PartVIISectionAGrp/TitleTxt11President/CEO-retired
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP, Admin/Finance-retired
IRS990/Form990PartVIISectionAGrp/TitleTxt13System Engineer
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IRS990/Form990TFiledInd0false
IRS990/FormationYr01937
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
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IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0292391
IRS990/InsuranceGrp/TotalAmt0292391
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt01612596
IRS990/InterestGrp/TotalAmt01612596
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0759551
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0765516
IRS990/InvestmentIncomeGrp/ExclusionAmt0345995
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0345995
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02043772
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02088492
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt018
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt036055241
IRS990/LandBldgEquipBasisNetGrp/BOYAmt079113086
IRS990/LandBldgEquipBasisNetGrp/EOYAmt081090347
IRS990/LandBldgEquipCostOrOtherBssAmt0117145588
IRS990/LegalDomicileStateCd0KY
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt046420588
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide electric service to member owners on a patronage basis. Serve an average of approximately 29,000 consumers monthly.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt054991938
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt057952491
IRS990/NetAssetsOrFundBalancesBOYAmt032051902
IRS990/NetAssetsOrFundBalancesEOYAmt032231839
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/BOYAmt01543722
IRS990/OtherAssetsTotalGrp/EOYAmt01287467
IRS990/OtherChangesInNetAssetsAmt0-233213
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0529296
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0529296
IRS990/OtherExpensesGrp/Desc0Purchase power
IRS990/OtherExpensesGrp/Desc1Distribution - maintenance
IRS990/OtherExpensesGrp/Desc2Distribution - operations
IRS990/OtherExpensesGrp/Desc3Administrative and general
IRS990/OtherExpensesGrp/ProgramServicesAmt030339288
IRS990/OtherExpensesGrp/ProgramServicesAmt13127030
IRS990/OtherExpensesGrp/ProgramServicesAmt23002617
IRS990/OtherExpensesGrp/ProgramServicesAmt31843506
IRS990/OtherExpensesGrp/TotalAmt030339288
IRS990/OtherExpensesGrp/TotalAmt13127030
IRS990/OtherExpensesGrp/TotalAmt23002617
IRS990/OtherExpensesGrp/TotalAmt31843506
IRS990/OtherLiabilitiesGrp/BOYAmt03916952
IRS990/OtherLiabilitiesGrp/EOYAmt04298865
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/BusinessCd1221000
IRS990/OtherRevenueMiscGrp/BusinessCd2221000
IRS990/OtherRevenueMiscGrp/Desc0Joint use pole attachment
IRS990/OtherRevenueMiscGrp/Desc1Patronage capital allocat
IRS990/OtherRevenueMiscGrp/Desc2Sale of general plant
IRS990/OtherRevenueMiscGrp/ExclusionAmt0270984
IRS990/OtherRevenueMiscGrp/ExclusionAmt176773
IRS990/OtherRevenueMiscGrp/ExclusionAmt267155
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0270984
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt176773
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt267155
IRS990/OtherRevenueTotalAmt0414912
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03804166
IRS990/OtherSalariesAndWagesGrp/TotalAmt03804166
IRS990/OtherSourcesGrossIncomeAmt0760907
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0349143
IRS990/PayrollTaxesGrp/TotalAmt0349143
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-139995
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-124637
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0673343
IRS990/PensionPlanContributionsGrp/TotalAmt0673343
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0945097
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0896339
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0Electric service
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt046420588
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt046420588
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt01484774
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0319170
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt040038015
IRS990/PYOtherRevenueAmt0421983
IRS990/PYProgramServiceRevenueAmt047086216
IRS990/PYRevenuesLessExpensesAmt0393339
IRS990/PYSalariesCompEmpBnftPaidAmt05911241
IRS990/PYTotalExpensesAmt047434030
IRS990/PYTotalRevenueAmt047827369
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0413150
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt032108955
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt032277239
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01709764
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03741769
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt081090347
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036055241
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0117145588
IRS990ScheduleD/ExpensesSubtotalAmt046768345
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01537930
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1619140
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2998977
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31142818
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accumulated postretirement benefits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Consumer advances for construction
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Consumer deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Other current and accrued liabilities
IRS990ScheduleD/RevenueSubtotalAmt047181495
IRS990ScheduleD/TotalBookValueLandBuildingsAmt081090347
IRS990ScheduleD/TotalExpensesPerForm990Amt046768345
IRS990ScheduleD/TotalLiabilityAmt04298865
IRS990ScheduleD/TotalRevenuePerForm990Amt047181495
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt047181495
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt046768345
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0227531
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1158172
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2177089
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt033315
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt130291
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt223074
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Burns Mercer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1David Poe
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Karen Brown

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$97,870,995
Liabilities
$65,639,156
Net assets
$32,231,839
Revenue
$47,181,495
Expenses
$46,768,345
Net income
$413,150
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$114$72.8$41.3$86.6$86.6$0.00
2023Detailed filing. Detailed filing data is available for this year.$115$73.7$41.0$74.6$74.6$0.00
2022Detailed filing. Detailed filing data is available for this year.$116$77.2$38.9$68.5$68.5$0.00
2021Detailed filing. Detailed filing data is available for this year.$115$76.7$38.2$56.1$56.1$0.00
2020Detailed filing. Detailed filing data is available for this year.$116$79.4$36.6$52.5$52.5$0.00
2019Detailed filing. Detailed filing data is available for this year.$117$81.6$35.8$55.9$55.9$0.00
2018Detailed filing. Detailed filing data is available for this year.$115$79.9$35.6$59.8$59.2$0.55
2017Detailed filing. Detailed filing data is available for this year.$101$66.9$33.9$54.5$54.3$0.20
2016Detailed filing. Detailed filing data is available for this year.$101$68.5$32.7$50.7$50.4$0.32
2015Detailed filing. Detailed filing data is available for this year.$97.9$65.6$32.2$47.2$46.8$0.41
2014Detailed filing. Detailed filing data is available for this year.$94.7$62.7$32.1$47.8$47.4$0.39
2013Detailed filing. Detailed filing data is available for this year.$94.6$64.2$30.4$41.6$41.3$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.9$62.2$28.7$36.3
2011Summary only. Only limited summary data is available for this year.$89.5$62.0$27.5$36.1$35.9$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.0$58.6$25.4$32.9