Civic Intelligence

Shelby Energy Cooperative

990 • Fiscal year 2012 • EIN 61-0337665

Jan 01, 2012 to Dec 31, 2012 • Filed on Apr 25, 2013

Organization Profilewww.shelbyenergy.com
620 Old Finchville Road40065
Siviq Scores

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

Liabilities / Assets

71st percentile

0.63x

Higher debt load relative to assets than 71% of similar nonprofits.

2012 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

82nd percentile

7.1%

Faster asset growth than 82% of similar nonprofits.

2012 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$86,474,540

Up $5,730,574 (+7.1%) from 2011

Net Assets

Up

$32,287,180

Up $2,206,397 (+7.3%) from 2011

Liabilities

Up

$54,187,360

Up $3,524,177 (+7.0%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$44,321,887

Up $498,556 (+1.1%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$150M$100M$50M$0Assets 2010: $77,926,598Liabilities 2010: $50,419,673Net Assets 2010: $27,506,9252010Assets 2011: $80,743,966Liabilities 2011: $50,663,183Net Assets 2011: $30,080,7832011Assets 2012: $86,474,540Liabilities 2012: $54,187,360Net Assets 2012: $32,287,1802012Assets 2013: $90,646,968Liabilities 2013: $55,171,533Net Assets 2013: $35,475,4352013Assets 2014: $96,225,564Liabilities 2014: $57,699,779Net Assets 2014: $38,525,7852014Assets 2015: $99,917,093Liabilities 2015: $59,434,670Net Assets 2015: $40,482,4232015Assets 2016: $105,762,179Liabilities 2016: $64,101,783Net Assets 2016: $41,660,3962016Assets 2017: $110,047,493Liabilities 2017: $67,229,178Net Assets 2017: $42,818,3152017Assets 2018: $113,345,020Liabilities 2018: $67,765,078Net Assets 2018: $45,579,9422018Assets 2019: $117,387,080Liabilities 2019: $69,017,116Net Assets 2019: $48,369,9642019Assets 2020: $122,000,867Liabilities 2020: $71,963,271Net Assets 2020: $50,037,5962020Assets 2021: $128,023,912Liabilities 2021: $75,248,762Net Assets 2021: $52,775,1502021Assets 2022: $137,224,148Liabilities 2022: $81,753,136Net Assets 2022: $55,471,0122022Assets 2023: $143,497,321Liabilities 2023: $88,096,467Net Assets 2023: $55,400,8542023Assets 2024: $148,214,910Liabilities 2024: $91,272,388Net Assets 2024: $56,942,5222024

Highlighted filing

2012

Assets$86,474,540
Liabilities$54,187,360
Net Assets$32,287,180
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60M$40M$20M$0Expenses 2010: $39,543,2552010Expenses 2011: $43,823,3312011Expenses 2012: $44,321,8872012Revenue 2013: $46,840,538Expenses 2013: $46,840,538Net Income 2013: $02013Revenue 2014: $48,388,777Expenses 2014: $48,388,777Net Income 2014: $02014Revenue 2015: $45,620,350Expenses 2015: $45,620,350Net Income 2015: $02015Revenue 2016: $46,960,741Expenses 2016: $46,960,741Net Income 2016: $02016Revenue 2017: $45,316,764Expenses 2017: $45,316,764Net Income 2017: $02017Revenue 2018: $49,442,564Expenses 2018: $49,442,564Net Income 2018: $02018Revenue 2019: $48,466,176Expenses 2019: $48,466,176Net Income 2019: $02019Revenue 2020: $44,032,414Expenses 2020: $44,032,414Net Income 2020: $02020Revenue 2021: $48,869,118Expenses 2021: $48,869,118Net Income 2021: $02021Revenue 2022: $57,952,933Expenses 2022: $57,952,933Net Income 2022: $02022Revenue 2023: $53,500,392Expenses 2023: $53,500,392Net Income 2023: $02023Revenue 2024: $56,425,618Expenses 2024: $56,425,618Net Income 2024: $02024

Highlighted filing

2012

Revenue-
Expenses$44,321,887
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Apr 25, 2013
Return Version
2012v2.0
Gross Receipts
$44,321,887
Mission and Program Overview

Mission

Provide electric service to member owners on a patronage basis. Provide electric service to over 15,700 consumers monthly.

Filing and Contact Details

Filer

EIN
61-0337665
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IRS990ScheduleO/GeneralExplanation/Explanation0Represents patronage capital allocated to members in accordance with the bylaws of the Cooperative. This reporting results in a difference between book and income reported on the Form 990 by the same amount
IRS990ScheduleO/GeneralExplanation/Explanation1Refunds of capital credits = -$373591
IRS990ScheduleO/GeneralExplanation/Explanation2Other equities = $113729
IRS990ScheduleO/GeneralExplanation/Explanation3Margins allocated to members = $2443818
IRS990ScheduleO/GeneralExplanation/Explanation4Comprehensive income-postretirement ben = $22441
IRS990ScheduleO/GeneralExplanation/Explanation5Articles of Incorporation and Bylaws are made available to each new member on the Cooperative's website, and available upon request. Annual financial information is provided to all members in the newsletter mailed to each member, at the annual membership meeting, on the Cooperative's website, and on the Kentucky Public Service Commission website.
IRS990ScheduleO/GeneralExplanation/Explanation6The Human Resources Coordinator performs an annual wage and salary study with assistance and oversight of the applicable manager. An independent human resources consultant conducts a review of the wage information assembled for all employees.
IRS990ScheduleO/GeneralExplanation/Explanation7The Board receives compensation data from both local and national surveys of electric cooperatives. The Board uses this data, along with a performance review of the CEO, to set compensation.
IRS990ScheduleO/GeneralExplanation/Explanation8Should any situation be reported or come to the attention of the Board, it would be addressed immediately. If the situation involves a key employee, it would be reported to and addressed by the President & CEO. Should the situation involve the President & CEO or a member of the Board, it would be reported to the Cooperative's legal counsel. The Board is provided the applicable board policy on an annual basis to review and sign a conflict of interest statement as does management, key employees, and lead staff members.
IRS990ScheduleO/GeneralExplanation/Explanation9The Form 990 is provided to the Board of Directors for review approximately a week before the regular board meeting is held. Members of the Board have the opportunity to ask questions prior to the meeting. The Form 990 is then placed on the agenda for review with the full Board at the regular meeting prior to being submitted to the IRS.
IRS990ScheduleO/GeneralExplanation/Explanation10Articles of Incorporation can only be changed by a 2/3 majority vote of the members. Bylaws may be altered, amended, or repealed at any special or regular board meeting with a majority vote of the board.
IRS990ScheduleO/GeneralExplanation/Explanation11Nominating committee meets every year there is an election to select a member to run for director. Member may run for director with petition signed by 100 or more eligible members.
IRS990ScheduleO/GeneralExplanation/Explanation12Must be a member to receive electric service. Each member has 1 vote. May have more than 1 service per membership.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part XI, Line 9
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part XI, Line 9
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part XI, Line 9
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part XI, Line 9
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part VI, Line 15b
IRS990ScheduleO/GeneralExplanation/Identifier6Form 990, Part VI, Line 15a
IRS990ScheduleO/GeneralExplanation/Identifier7Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier8Form 990, Part VI, Line 11b
IRS990ScheduleO/GeneralExplanation/Identifier9Form 990, Part VI, Line 7b
IRS990ScheduleO/GeneralExplanation/Identifier10Form 990, Part VI, Line 7a
IRS990ScheduleO/GeneralExplanation/Identifier11Form 990, Part VI, Line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part IX, Line 4 - Benefits paid to or for members
IRS990ScheduleO/GeneralExplanation/ReturnReference1Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/GeneralExplanation/ReturnReference2Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/GeneralExplanation/ReturnReference3Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/GeneralExplanation/ReturnReference4Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/GeneralExplanation/ReturnReference7Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/GeneralExplanation/ReturnReference8Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference9Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/GeneralExplanation/ReturnReference10Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/GeneralExplanation/ReturnReference11Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/GeneralExplanation/ReturnReference12Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990/ScheduleORequired0true
IRS990ScheduleR/DividendsRelatedOrganization0false
IRS990ScheduleR/ExchangeOfAssets0false
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/AddressLine10620 Old Finchville Rd
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/City0Shelbyville
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/State0KY
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/ZIPCode040065
IRS990ScheduleR/Form990ScheduleRPartIV/ControlledOrg0false
IRS990ScheduleR/Form990ScheduleRPartIV/DirectControllingEntityNA0N/A

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$86,474,540
Liabilities
$54,187,360
Net assets
$32,287,180
Revenue
-
Expenses
$44,321,887
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$148$91.3$56.9$56.4$56.4$0.00
2023Detailed filing. Detailed filing data is available for this year.$143$88.1$55.4$53.5$53.5$0.00
2022Detailed filing. Detailed filing data is available for this year.$137$81.8$55.5$58.0$58.0$0.00
2021Detailed filing. Detailed filing data is available for this year.$128$75.2$52.8$48.9$48.9$0.00
2020Detailed filing. Detailed filing data is available for this year.$122$72.0$50.0$44.0$44.0$0.00
2019Detailed filing. Detailed filing data is available for this year.$117$69.0$48.4$48.5$48.5$0.00
2018Detailed filing. Detailed filing data is available for this year.$113$67.8$45.6$49.4$49.4$0.00
2017Detailed filing. Detailed filing data is available for this year.$110$67.2$42.8$45.3$45.3$0.00
2016Detailed filing. Detailed filing data is available for this year.$106$64.1$41.7$47.0$47.0$0.00
2015Detailed filing. Detailed filing data is available for this year.$99.9$59.4$40.5$45.6$45.6$0.00
2014Detailed filing. Detailed filing data is available for this year.$96.2$57.7$38.5$48.4$48.4$0.00
2013Detailed filing. Detailed filing data is available for this year.$90.6$55.2$35.5$46.8$46.8$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.5$54.2$32.3$44.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.7$50.7$30.1$43.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$77.9$50.4$27.5$39.5