Civic Intelligence

Meade County Rural Electric Cooperative Corporation

990 • Fiscal year 2018 • EIN 61-0277343

Jan 01, 2018 to Dec 31, 2018 • Filed on May 08, 2019

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

93rd percentile

0.69x

Higher debt load relative to assets than 93% of similar nonprofits.

2018 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

51st percentile

1.34x

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

2018 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2018

Net Margin

65th percentile

0.9%

Higher net margin than 65% of similar nonprofits.

2018 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

14th percentile

$235,094

Higher top officer pay than 14% of similar nonprofits.

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

2018 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2018

Asset Growth

95th percentile

15%

Faster asset growth than 95% of similar nonprofits.

2018 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

9.6%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$115,491,506

Up $14,692,568 (+15%) from 2017

Net Assets

Up

$35,588,728

Up $1,678,744 (+5.0%) from 2017

Liabilities

Up

$79,902,778

Up $13,013,824 (+19%) from 2017

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin65th percentile

Revenue

Up

$59,758,606

Up $5,252,652 (+9.6%) from 2017

Expenses

Up

$59,208,333

Up $4,901,342 (+9.0%) from 2017

Net Income

Up

$550,273

Up $351,310 (+177%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2018

Assets$115,491,506
Liabilities$79,902,778
Net Assets$35,588,728
Open 2018 Filing

Operations Trend

Revenue Growth77th 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

2018

Revenue$59,758,606
Expenses$59,208,333
Net Income$550,273
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 8, 2019
Return Version
2018v3.1
Gross Receipts
$59,758,606
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$83,261,572$82,820,713▼ $440,859
Rtn Earn Endowment Incm Other Fnds$33,931,086$35,887,952▲ $1,956,866
Savings and Temporary Cash Investments$3,804,055$12,699,781▲ $8,895,726
Cash and Non-Interest-Bearing Accounts$2,711,161$8,914,207▲ $6,203,046
Accounts Receivable$6,364,636$6,279,294▼ $85,342
Investments Program Related$2,198,603$2,247,063▲ $48,460
Prepaid Expenses and Deferred Charges$823,939$958,553▲ $134,614
Inventories for Sale or Use$662,746$731,651▲ $68,905
Cap Stk Tr Prin Current Funds$72,819$69,520▼ $3,299
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-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$-93,921$-368,744▼ $274,823
Total Assets$100,798,938$115,491,506▲ $14,692,568
Other Assets Total$972,226$840,244▼ $131,982
Liabilities
Mortgage Notes Payable Secured by Investment Property$57,318,261$70,861,997▲ $13,543,736
Accounts Payable and Accrued Expenses$5,138,837$4,695,603▼ $443,234
Other Liabilities$4,431,856$4,345,178▼ $86,678
Total Liabilities$66,888,954$79,902,778▲ $13,013,824
Net Assets / Fund Balance
Total Net Assets Fund Balance$33,909,984$35,588,728▲ $1,678,744
Total Liabilities and Net Assets / Fund Balance$100,798,938$115,491,506▲ $14,692,568

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$82,820,713$42,719,251$125,539,964
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Martin LittrelPresident/CEOFT$198,244$36,850$235,094
David PoeVP Engineering & OperationsFT$165,617$34,291$199,908
Michael FrenchSystem EngineerFT$108,682$45,513$154,195
David PaceVP, Public Relations & MktFT$111,377$38,234$149,611
Anna SwansonVP, Acctg & FinanceFT$118,362$23,356$141,718
Brad CampJourneyman LinemanFT$110,394$29,852$140,246
Joseph TaylorJourneyman LinemanFT$107,352$20,915$128,267
Darla SipesSec-TreasPT$12,115-$12,115
Stephen BarrDirectorPT$11,382-$11,382
David T Wilson IIDirectorPT$10,632-$10,632
Robert RhodesChairmanPT$10,605-$10,605
Christopher CreechDirectorPT$10,382-$10,382
Paul Ed ButlerDirectorPT$9,115-$9,115
Dr James G SillsVice ChairmanPT$9,110-$9,110

Highest Paid Contractors

ContractorServicesLocationCompensation
The Townsend CorporationROW clearingPO Box 7015, Muncie, IN 47308$1,363,695
M&M Electrical ContractorPower line construct5081 Hwy 431 North, Springfield, TN 37172$706,503
Luthan Electric Meter Testing IncMeter read/testingPO Box 1178, Owensboro, KY 42302$104,587
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$58,876,763
Investment Income
$511,204
Other Revenue
$370,639
Change in Net Assets
$550,273

Audited Revenue Reconciliation

Revenue per Audited Statements
$59,758,606
Total Revenue per Audited Statements
$59,758,606
Total Revenue per Form 990
$59,758,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,931,479
Salaries, Compensation, and Employee Benefits$7,075,801
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,597,947--$4,597,947
Depreciation Depletion$4,297,337--$4,297,337
Interest$2,105,743--$2,105,743
Other Expenses$1,644,470--$1,644,470
Benefits to Members$1,201,053--$1,201,053
Pension Plan Contributions$770,771--$770,771
Current Officers, Directors, Trustees, and Key Employees$666,941--$666,941
Other Employee Benefits$647,408--$647,408
Payroll Taxes$392,734--$392,734
Insurance$238,208--$238,208
Fees for Services Legal$18,212--$18,212
Fees for Services Accounting$14,700--$14,700
All Other Expenses$-5,359,667--$-5,359,667
Total Functional Expenses$59,208,333$0$0$59,208,333

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$59,208,333
Total Expenses per Audited Statements$59,208,333
Total Expenses per Form 990$59,208,333
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
Other current and accrued liabilities$1,351,709
Accumulated postretirement benefits$1,226,781
Consumer deposits$1,221,257
Consumer advances for construction$545,431
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
2019-05-08
Discuss with paid preparer
Yes

Organization Details

Formed
1937
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
7
Employees
81

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 = $274823”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Margins allocated to members = $1201053”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Memberships issued = -$3299”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Other equities = $193207”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Refunds of capital credits = -$537313”

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/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/PersonNm13Joseph Taylor
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt010632
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt212115
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt39115
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt410605
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt510382
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt611382
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7198244
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8165617
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9118362
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10111377
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11108682
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12110394
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13107352
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
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/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/GrossReceiptsAmt059758606
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0238208
IRS990/InsuranceGrp/TotalAmt0238208
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt02105743
IRS990/InterestGrp/TotalAmt02105743
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0662746
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0731651
IRS990/InvestmentIncomeGrp/ExclusionAmt0511204
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0511204
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02198603
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02247063
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt034
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt042719251
IRS990/LandBldgEquipBasisNetGrp/BOYAmt083261572
IRS990/LandBldgEquipBasisNetGrp/EOYAmt082820713
IRS990/LandBldgEquipCostOrOtherBssAmt0125539964
IRS990/LegalDomicileStateCd0KY
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt058957812
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide electric service to member owners on a patronage basis. Serve an average of approximately 29,700 consumers monthly.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt057318261
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt070861997
IRS990/NetAssetsOrFundBalancesBOYAmt033909984
IRS990/NetAssetsOrFundBalancesEOYAmt035588728
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/BOYAmt0972226
IRS990/OtherAssetsTotalGrp/EOYAmt0840244
IRS990/OtherChangesInNetAssetsAmt01128471
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0647408
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0647408
IRS990/OtherExpensesGrp/Desc0Purchase power
IRS990/OtherExpensesGrp/Desc1Distribution - maintenance
IRS990/OtherExpensesGrp/Desc2Distribution - operations
IRS990/OtherExpensesGrp/Desc3Administrative and general
IRS990/OtherExpensesGrp/ProgramServicesAmt041606540
IRS990/OtherExpensesGrp/ProgramServicesAmt13415197
IRS990/OtherExpensesGrp/ProgramServicesAmt22950739
IRS990/OtherExpensesGrp/ProgramServicesAmt31644470
IRS990/OtherExpensesGrp/TotalAmt041606540
IRS990/OtherExpensesGrp/TotalAmt13415197
IRS990/OtherExpensesGrp/TotalAmt22950739
IRS990/OtherExpensesGrp/TotalAmt31644470
IRS990/OtherLiabilitiesGrp/BOYAmt04431856
IRS990/OtherLiabilitiesGrp/EOYAmt04345178
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/ExclusionAmt0250521
IRS990/OtherRevenueMiscGrp/ExclusionAmt139069
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt081049
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0250521
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt181049
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt239069
IRS990/OtherRevenueTotalAmt0370639
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04597947
IRS990/OtherSalariesAndWagesGrp/TotalAmt04597947
IRS990/OtherSourcesGrossIncomeAmt0800794
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0392734
IRS990/PayrollTaxesGrp/TotalAmt0392734
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-93921
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-368744
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0770771
IRS990/PensionPlanContributionsGrp/TotalAmt0770771
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0823939
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0958553
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0Electric service
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt058876763
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt058876763
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt01310205
IRS990/PYInvestmentIncomeAmt0158958
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt046261520
IRS990/PYOtherRevenueAmt0375956
IRS990/PYProgramServiceRevenueAmt053971040
IRS990/PYRevenuesLessExpensesAmt0198963
IRS990/PYSalariesCompEmpBnftPaidAmt06735266
IRS990/PYTotalExpensesAmt054306991
IRS990/PYTotalRevenueAmt054505954
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0550273
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt058957812
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt033931086
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt035887952
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03804055
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012699781
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt082820713
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042719251
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0125539964
IRS990ScheduleD/ExpensesSubtotalAmt059208333
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01226781
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1545431
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21221257
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31351709
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accumulated postretirement benefits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Consumer advances for construction
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Consumer deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Other current and accrued liabilities
IRS990ScheduleD/RevenueSubtotalAmt059758606
IRS990ScheduleD/TotalBookValueLandBuildingsAmt082820713

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$115,491,506
Liabilities
$79,902,778
Net assets
$35,588,728
Revenue
$59,758,606
Expenses
$59,208,333
Net income
$550,273
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