Civic Intelligence

Meade County Rural Electric Cooperative Corporation

990 • Fiscal year 2017 • EIN 61-0277343

Jan 01, 2017 to Dec 31, 2017 • Filed on May 02, 2018

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

85th percentile

0.66x

Higher debt load relative to assets than 85% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

40th percentile

1.23x

Higher debt load relative to revenue than 40% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Net Margin

57th percentile

0.4%

Higher net margin than 57% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$234,960

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Asset Growth

13th percentile

-0.4%

Faster asset growth than 13% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

84th percentile

7.6%

Faster revenue growth than 84% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$100,798,938

Down $442,536 (-0.4%) from 2016

Net Assets

Up

$33,909,984

Up $1,206,229 (+3.7%) from 2016

Liabilities

Down

$66,888,954

Down $1,648,765 (-2.4%) from 2016

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin57th percentile

Revenue

Up

$54,505,954

Up $3,837,824 (+7.6%) from 2016

Expenses

Up

$54,306,991

Up $3,956,604 (+7.9%) from 2016

Net Income

Down

$198,963

Down $118,780 (-37%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth13th 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

2017

Assets$100,798,938
Liabilities$66,888,954
Net Assets$33,909,984
Open 2017 Filing

Operations Trend

Revenue Growth84th 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

2017

Revenue$54,505,954
Expenses$54,306,991
Net Income$198,963
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 2, 2018
Return Version
2017v2.2
Gross Receipts
$54,505,954
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 29,500 consumers monthly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$82,746,664$83,261,572▲ $514,908
Rtn Earn Endowment Incm Other Fnds$32,737,347$33,931,086▲ $1,193,739
Accounts Receivable$6,413,680$6,364,636▼ $49,044
Savings and Temporary Cash Investments$4,723,269$3,804,055▼ $919,214
Cash and Non-Interest-Bearing Accounts$2,365,937$2,711,161▲ $345,224
Investments Program Related$2,141,767$2,198,603▲ $56,836
Prepaid Expenses and Deferred Charges$960,804$823,939▼ $136,865
Inventories for Sale or Use$748,613$662,746▼ $85,867
Cap Stk Tr Prin Current Funds$75,687$72,819▼ $2,868
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-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$-109,279$-93,921▲ $15,358
Total Assets$101,241,474$100,798,938▼ $442,536
Other Assets Total$1,140,740$972,226▼ $168,514
Liabilities
Mortgage Notes Payable Secured by Investment Property$59,054,105$57,318,261▼ $1,735,844
Accounts Payable and Accrued Expenses$4,952,504$5,138,837▲ $186,333
Other Liabilities$4,531,110$4,431,856▼ $99,254
Total Liabilities$68,537,719$66,888,954▼ $1,648,765
Net Assets / Fund Balance
Total Net Assets Fund Balance$32,703,755$33,909,984▲ $1,206,229
Total Liabilities and Net Assets / Fund Balance$101,241,474$100,798,938▼ $442,536

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$83,261,572$39,924,524$123,186,096
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Martin LittrelPresident/CEOFT$198,864$36,096$234,960
David PoeVP Engineering & OperationsFT$164,519$35,780$200,299
Michael FrenchSystem EngineerFT$110,315$43,444$153,759
David PaceVP, Public Relations & MktFT$114,407$36,239$150,646
Anna SwansonVP, Acctg & FinanceFT$118,401$23,242$141,643
Mike FordStaking SuprvisorFT$100,750$33,320$134,070
Brad CampJourneyman LinemanFT$105,307$25,889$131,196
Kelly NicholsJourneyman LinemanFT$102,788$14,605$117,393
Darla SipesSec-TreasPT$12,865-$12,865
David T Wilson IIDirectorPT$10,882-$10,882
Christopher CreechDirectorPT$10,632-$10,632
Robert RhodesChairmanPT$10,606-$10,606
Stephen BarrDirectorPT$9,382-$9,382
Paul Ed ButlerDirectorPT$9,365-$9,365
Dr James G SillsVice ChairmanPT$9,360-$9,360

Highest Paid Contractors

ContractorServicesLocationCompensation
The Townsend CorporationROW clearingPO Box 7015, Muncie, IN 47308$1,077,781
M&M Electrical ContractorPower line construct5081 Hwy 431 North, Springfield, TN 37172$656,995
William E Groves Construction IncSubstation constructPO Box 1205, Madisonville, KY 42431$343,355
Luthan Electric Meter Testing IncMeter read/testingPO Box 1178, Owensboro, KY 42302$306,902
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$53,971,040
Investment Income
$158,958
Other Revenue
$375,956
Change in Net Assets
$198,963

Audited Revenue Reconciliation

Revenue per Audited Statements
$54,505,954
Total Revenue per Audited Statements
$54,505,954
Total Revenue per Form 990
$54,505,954
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$46,261,520
Salaries, Compensation, and Employee Benefits$6,735,266
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,381,670--$4,381,670
Depreciation Depletion$4,163,482--$4,163,482
Interest$1,681,258--$1,681,258
Other Expenses$1,648,371--$1,648,371
Benefits to Members$1,310,205--$1,310,205
Pension Plan Contributions$779,295--$779,295
Current Officers, Directors, Trustees, and Key Employees$669,283--$669,283
Other Employee Benefits$526,701--$526,701
Payroll Taxes$378,317--$378,317
Insurance$237,923--$237,923
Fees for Services Accounting$13,350--$13,350
Fees for Services Legal$12,374--$12,374
All Other Expenses$-5,090,318--$-5,090,318
Total Functional Expenses$54,306,991$0$0$54,306,991

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$54,306,991
Total Expenses per Audited Statements$54,306,991
Total Expenses per Form 990$54,306,991
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
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$1,631,530
Other current and accrued liabilities$1,232,910
Consumer deposits$1,075,447
Consumer advances for construction$491,969
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
2018-05-02
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 = $1310205”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Memberships issued = -$2868”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Other equities = -$1144”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Refunds of capital credits = -$314285”

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/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt736096
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt835780
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt923242
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1036239
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1143444
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1225889
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1314605
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1433320
IRS990/Form990PartVIISectionAGrp/PersonNm0David T Wilson II
IRS990/Form990PartVIISectionAGrp/PersonNm1Dr James G Sills
IRS990/Form990PartVIISectionAGrp/PersonNm2Darla Sipes
IRS990/Form990PartVIISectionAGrp/PersonNm3Paul Ed Butler
IRS990/Form990PartVIISectionAGrp/PersonNm4Robert Rhodes
IRS990/Form990PartVIISectionAGrp/PersonNm5Christopher Creech
IRS990/Form990PartVIISectionAGrp/PersonNm6Stephen Barr
IRS990/Form990PartVIISectionAGrp/PersonNm7Martin Littrel
IRS990/Form990PartVIISectionAGrp/PersonNm8David Poe
IRS990/Form990PartVIISectionAGrp/PersonNm9Anna Swanson
IRS990/Form990PartVIISectionAGrp/PersonNm10David Pace
IRS990/Form990PartVIISectionAGrp/PersonNm11Michael French
IRS990/Form990PartVIISectionAGrp/PersonNm12Brad Camp
IRS990/Form990PartVIISectionAGrp/PersonNm13Kelly Nichols
IRS990/Form990PartVIISectionAGrp/PersonNm14Mike Ford
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt010882
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19360
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt212865
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt39365
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt410606
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt510632
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt69382
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7198864
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8164519
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9118401
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10114407
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11110315
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12105307
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13102788
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14100750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
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/TitleTxt11System Engineer
IRS990/Form990PartVIISectionAGrp/TitleTxt12Journeyman Lineman
IRS990/Form990PartVIISectionAGrp/TitleTxt13Journeyman Lineman
IRS990/Form990PartVIISectionAGrp/TitleTxt14Staking Suprvisor
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01937
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt054505954
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0237923
IRS990/InsuranceGrp/TotalAmt0237923
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt01681258
IRS990/InterestGrp/TotalAmt01681258
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0748613
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0662746
IRS990/InvestmentIncomeGrp/ExclusionAmt0158958
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0158958
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02141767
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02198603
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt030
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt039924524
IRS990/LandBldgEquipBasisNetGrp/BOYAmt082746664
IRS990/LandBldgEquipBasisNetGrp/EOYAmt083261572
IRS990/LandBldgEquipCostOrOtherBssAmt0123186096
IRS990/LegalDomicileStateCd0KY
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt053971040
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide electric service to member owners on a patronage basis. Serve an average of approximately 29,500 consumers monthly.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt059054105
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt057318261
IRS990/NetAssetsOrFundBalancesBOYAmt032703755
IRS990/NetAssetsOrFundBalancesEOYAmt033909984
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/BOYAmt01140740
IRS990/OtherAssetsTotalGrp/EOYAmt0972226
IRS990/OtherChangesInNetAssetsAmt01007266
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0526701
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0526701
IRS990/OtherExpensesGrp/Desc0Purchase power
IRS990/OtherExpensesGrp/Desc1Distribution - operations
IRS990/OtherExpensesGrp/Desc2Distribution - maintenance
IRS990/OtherExpensesGrp/Desc3Consumer accounts
IRS990/OtherExpensesGrp/ProgramServicesAmt037651465
IRS990/OtherExpensesGrp/ProgramServicesAmt12989873
IRS990/OtherExpensesGrp/ProgramServicesAmt22953742
IRS990/OtherExpensesGrp/ProgramServicesAmt31648371
IRS990/OtherExpensesGrp/TotalAmt037651465
IRS990/OtherExpensesGrp/TotalAmt12989873
IRS990/OtherExpensesGrp/TotalAmt22953742
IRS990/OtherExpensesGrp/TotalAmt31648371
IRS990/OtherLiabilitiesGrp/BOYAmt04531110
IRS990/OtherLiabilitiesGrp/EOYAmt04431856
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/ExclusionAmt0249934
IRS990/OtherRevenueMiscGrp/ExclusionAmt186017
IRS990/OtherRevenueMiscGrp/ExclusionAmt240005
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0249934
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt186017
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt240005
IRS990/OtherRevenueTotalAmt0375956
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04381670
IRS990/OtherSalariesAndWagesGrp/TotalAmt04381670
IRS990/OtherSourcesGrossIncomeAmt0534914
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0378317
IRS990/PayrollTaxesGrp/TotalAmt0378317
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-109279
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-93921
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0779295
IRS990/PensionPlanContributionsGrp/TotalAmt0779295
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0960804
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0823939
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0Electric service
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt053971040
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt053971040
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt01457488
IRS990/PYInvestmentIncomeAmt0293000
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt042229215
IRS990/PYOtherRevenueAmt0316365
IRS990/PYProgramServiceRevenueAmt050058765
IRS990/PYRevenuesLessExpensesAmt0317743
IRS990/PYSalariesCompEmpBnftPaidAmt06663684
IRS990/PYTotalExpensesAmt050350387
IRS990/PYTotalRevenueAmt050668130
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0198963
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt053971040
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt032737347
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt033931086
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04723269
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03804055

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$100,798,938
Liabilities
$66,888,954
Net assets
$33,909,984
Revenue
$54,505,954
Expenses
$54,306,991
Net income
$198,963
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