Civic Intelligence

Grayson Rural Electric Cooperative Corporation

990 • Fiscal year 2017 • EIN 61-0447602

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 24, 2018

Organization Profilewww.graysonrecc.com
109 Bagby ParkGrayson, KY 41143

(606) 474-5136

Siviq Scores

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

Liabilities / Assets

89th percentile

0.67x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

75th percentile

1.83x

Higher debt load relative to revenue than 75% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Net Margin

4th percentile

-5.5%

Higher net margin than 4% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

34th percentile

$215,388

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Asset Growth

15th percentile

-0.7%

Faster asset growth than 15% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-12%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$77,299,111

Down $509,726 (-0.7%) from 2016

Net Assets

Down

$25,609,184

Down $1,272,302 (-4.7%) from 2016

Liabilities

Up

$51,689,927

Up $762,576 (+1.5%) from 2016

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin4th percentile

Revenue

Down

$28,182,796

Down $3,825,751 (-12%) from 2016

Expenses

Down

$29,726,355

Down $2,282,192 (-7.1%) from 2016

Net Income

Down

-$1,543,559

Down $1,543,559 from 2016

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$100M$50M$0Assets 2010: $65,216,973Liabilities 2010: $47,341,973Net Assets 2010: $17,875,0002010Assets 2011: $66,307,439Liabilities 2011: $47,940,391Net Assets 2011: $18,367,0482011Assets 2012: $68,429,726Liabilities 2012: $49,779,397Net Assets 2012: $18,650,3292012Assets 2013: $72,893,358Liabilities 2013: $51,356,240Net Assets 2013: $21,537,1182013Assets 2014: $75,116,227Liabilities 2014: $51,841,706Net Assets 2014: $23,274,5212014Assets 2015: $75,985,062Liabilities 2015: $50,593,165Net Assets 2015: $25,391,8972015Assets 2016: $77,808,837Liabilities 2016: $50,927,351Net Assets 2016: $26,881,4862016Assets 2017: $77,299,111Liabilities 2017: $51,689,927Net Assets 2017: $25,609,1842017Assets 2018: $79,306,260Liabilities 2018: $52,772,499Net Assets 2018: $26,533,7612018Assets 2019: $82,855,758Liabilities 2019: $54,288,514Net Assets 2019: $28,567,2442019Assets 2020: $90,305,352Liabilities 2020: $59,887,772Net Assets 2020: $30,417,5802020Assets 2021: $91,917,122Liabilities 2021: $58,067,782Net Assets 2021: $33,849,3402021Assets 2022: $94,665,552Liabilities 2022: $56,391,292Net Assets 2022: $38,274,2602022Assets 2023: $92,629,124Liabilities 2023: $52,319,970Net Assets 2023: $40,309,1542023Assets 2024: $90,678,862Liabilities 2024: $49,532,404Net Assets 2024: $41,146,4582024

Highlighted filing

2017

Assets$77,299,111
Liabilities$51,689,927
Net Assets$25,609,184
Open 2017 Filing

Operations Trend

Revenue Growth2nd percentile

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

$60M$40M$20M$0-$20MExpenses 2010: $29,497,8182010Expenses 2011: $31,337,5162011Expenses 2012: $31,125,4192012Revenue 2013: $34,072,114Expenses 2013: $34,072,114Net Income 2013: $02013Revenue 2014: $34,459,509Expenses 2014: $34,459,509Net Income 2014: $02014Revenue 2015: $32,637,857Expenses 2015: $32,637,857Net Income 2015: $02015Revenue 2016: $32,008,547Expenses 2016: $32,008,547Net Income 2016: $02016Revenue 2017: $28,182,796Expenses 2017: $29,726,355Net Income 2017: -$1,543,5592017Revenue 2018: $32,813,423Expenses 2018: $32,813,423Net Income 2018: $02018Revenue 2019: $32,551,549Expenses 2019: $32,551,549Net Income 2019: $02019Revenue 2020: $31,132,893Expenses 2020: $31,132,893Net Income 2020: $02020Revenue 2021: $34,250,791Expenses 2021: $34,250,791Net Income 2021: $02021Revenue 2022: $43,062,397Expenses 2022: $43,062,397Net Income 2022: $02022Revenue 2023: $41,054,365Expenses 2023: $41,054,365Net Income 2023: $02023Revenue 2024: $40,083,276Expenses 2024: $40,083,276Net Income 2024: $02024

Highlighted filing

2017

Revenue$28,182,796
Expenses$29,726,355
Net Income-$1,543,559
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 24, 2018
Return Version
2017v2.2
Gross Receipts
$28,183,197
Mission and Program Overview

Mission

Provide electric service to member owners on a patronage basis. Serve an average of approximately 15,300 customers per month.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$54,017,953$54,436,423▲ $418,470
Rtn Earn Endowment Incm Other Fnds$27,625,912$25,962,277▼ $1,663,635
Investments Program Related$15,849,671$16,341,967▲ $492,296
Accounts Receivable$6,148,793$4,497,022▼ $1,651,771
Inventories for Sale or Use$287,319$283,605▼ $3,714
Cash and Non-Interest-Bearing Accounts$139,462$213,727▲ $74,265
Cap Stk Tr Prin Current Funds$153,285$154,655▲ $1,370
Prepaid Expenses and Deferred Charges$56,765$58,987▲ $2,222
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-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$-897,711$-507,748▲ $389,963
Total Assets$77,808,837$77,299,111▼ $509,726
Other Assets Total$1,308,874$1,467,380▲ $158,506
Liabilities
Mortgage Notes Payable Secured by Investment Property$40,051,998$41,787,107▲ $1,735,109
Other Liabilities$8,395,335$7,405,978▼ $989,357
Accounts Payable and Accrued Expenses$2,480,018$2,496,842▲ $16,824
Total Liabilities$50,927,351$51,689,927▲ $762,576
Net Assets / Fund Balance
Total Net Assets Fund Balance$26,881,486$25,609,184▼ $1,272,302
Total Liabilities and Net Assets / Fund Balance$77,808,837$77,299,111▼ $509,726

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$54,436,423$23,474,155$77,910,578
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol Hall FraleyPresident/CEOFT$145,610$69,778$215,388
Kyle ClevengerMgr of OperationsFT$105,722$50,663$156,385
Bradley CherryMgr FinanceFT$82,268$39,424$121,692
Kim BushMgr MarketingFT$71,130$34,086$105,216
Jimmy WhittDirectorPT$18,765-$18,765
Harold DupuyChairman-$16,660-$16,660
Roger TrentDirector-$16,357-$16,357
Ken ArringtonDirectorPT$14,857-$14,857
Jim BentleyVice Chairman-$14,265-$14,265
William T RiceDirector-$12,157-$12,157
Eddie MartinSec/Treas-$11,865-$11,865

Highest Paid Contractors

ContractorServicesLocationCompensation
WA KendallROW clearingPO Box 831, Lawrenceville, GA 30046$1,431,558
Pike Electric IncPower line constructPO Box 1000, Memphis, TN 38148$591,390
Smith Tree Service LLCROW clearing220 Swint Hollow, Greenup, KY 41144$354,888
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$27,035,645
Investment Income
$33,944
Other Revenue
$1,113,207
Change in Net Assets
$-1,543,559

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,182,796
Total Revenue per Audited Statements
$28,182,796
Total Revenue per Form 990
$28,182,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,123,611
Salaries, Compensation, and Employee Benefits$5,602,744
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$3,477,092--$3,477,092
Other Salaries and Wages$3,021,259--$3,021,259
Other Expenses$1,299,965--$1,299,965
Interest$988,108--$988,108
Other Employee Benefits$947,831--$947,831
Pension Plan Contributions$866,932--$866,932
Current Officers, Directors, Trustees, and Key Employees$509,656--$509,656
Payroll Taxes$257,066--$257,066
Insurance$162,884--$162,884
Fees for Services Legal$46,960--$46,960
Fees for Services Accounting$23,730--$23,730
All Other Expenses$-4,406,666--$-4,406,666
Total Functional Expenses$29,726,355$0$0$29,726,355

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$29,726,355
Total Expenses per Audited Statements$29,726,355
Total Expenses per Form 990$29,726,355
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$3,085,624
Notes payable$2,185,000
Customer deposits$1,197,900
Other current and accrued liabilities$570,319
Consumer advances for construction$367,135
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
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 a member to run for Director. Member may run for director with a petition signed by 75 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 a majority vote of the membership. By-Laws may be altered, amended, or repealed by the Board of Directors at any regular or special meeting by a majority vote.”

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

“Directors are furnished a draft copy of the Form 990, and review it prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Directors and key employees annually complete a questionnaire on family and business relationships.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“15a. Board of Directors review and approve compensation for key employees and other employees using data provided by state and national organization surveys of electric cooperatives.15b. Majority of compensation is negotiated through a union contract.”

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

“Copy of Articles of Incorporation and By-Laws are given to each new member. Financial statements are published annually in magazine distributed to each member. Meeting of members is held on an annual basis.”

Filing and Contact Details

Filer

Filer Name
Grayson Rural Electric
EIN
61-0447602
Phone
6064745136
Address
109 Bagby Park, Grayson, KY 41143

Signing Officer

Name
Carol Hall Fraley
Title
President & CEO
Signed
2018-04-24
Discuss with paid preparer
Yes

Organization Details

Formed
1936
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
7
Employees
56

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

“= $0”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Comprehensive income-postretirement ben = $389963”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Memberships issued = $1370”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Other equities = $45376”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Refunds of capital credits = -$165452”

Form 990, Part IX, Line 4 - Benefits paid to or for members

“Represents patronage capital allocated to members in accordance with the bylaws of the Cooperative. 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/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Sec/Treas
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt7President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8Mgr Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt9Mgr Marketing
IRS990/Form990PartVIISectionAGrp/TitleTxt10Mgr of Operations
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IRS990/Form990TFiledInd0false
IRS990/FormationYr01936
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt028183197
IRS990/GrossRentsGrp/RealAmt04800
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0162884
IRS990/InsuranceGrp/TotalAmt0162884
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt0988108
IRS990/InterestGrp/TotalAmt0988108
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0287319
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0283605
IRS990/InvestmentIncomeGrp/ExclusionAmt033944
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt033944
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt015849671
IRS990/InvestmentsProgramRelatedGrp/EOYAmt016341967
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt035
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt023474155
IRS990/LandBldgEquipBasisNetGrp/BOYAmt054017953
IRS990/LandBldgEquipBasisNetGrp/EOYAmt054436423
IRS990/LandBldgEquipCostOrOtherBssAmt077910578
IRS990/LegalDomicileStateCd0KY
IRS990/LessRentalExpensesGrp/RealAmt0401
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt027035645
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt08340
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt08340
IRS990/MissionDesc0Provide electric service to member owners on a patronage basis. Serve an average of approximately 15,300 customers per month.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt040051998
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt041787107
IRS990/NetAssetsOrFundBalancesBOYAmt026881486
IRS990/NetAssetsOrFundBalancesEOYAmt025609184
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt04399
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt04399
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01308874
IRS990/OtherAssetsTotalGrp/EOYAmt01467380
IRS990/OtherChangesInNetAssetsAmt0271257
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0947831
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0947831
IRS990/OtherExpensesGrp/Desc0Cost of power
IRS990/OtherExpensesGrp/Desc1Distribution - maintenance
IRS990/OtherExpensesGrp/Desc2Administrative and general
IRS990/OtherExpensesGrp/Desc3Distribution - operations
IRS990/OtherExpensesGrp/ProgramServicesAmt017151603
IRS990/OtherExpensesGrp/ProgramServicesAmt13424805
IRS990/OtherExpensesGrp/ProgramServicesAmt21955130
IRS990/OtherExpensesGrp/ProgramServicesAmt31299965
IRS990/OtherExpensesGrp/TotalAmt017151603
IRS990/OtherExpensesGrp/TotalAmt13424805
IRS990/OtherExpensesGrp/TotalAmt21955130
IRS990/OtherExpensesGrp/TotalAmt31299965
IRS990/OtherLiabilitiesGrp/BOYAmt08395335
IRS990/OtherLiabilitiesGrp/EOYAmt07405978
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/BusinessCd1221000
IRS990/OtherRevenueMiscGrp/BusinessCd2221000
IRS990/OtherRevenueMiscGrp/Desc0G&T capital credits
IRS990/OtherRevenueMiscGrp/Desc1Joint use rents
IRS990/OtherRevenueMiscGrp/Desc2Patronage cap credits
IRS990/OtherRevenueMiscGrp/ExclusionAmt0504926
IRS990/OtherRevenueMiscGrp/ExclusionAmt1507748
IRS990/OtherRevenueMiscGrp/ExclusionAmt287794
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0504926
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1507748
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt287794
IRS990/OtherRevenueTotalAmt01108808
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03021259
IRS990/OtherSalariesAndWagesGrp/TotalAmt03021259
IRS990/OtherSourcesGrossIncomeAmt0642225
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0257066
IRS990/PayrollTaxesGrp/TotalAmt0257066
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-897711
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-507748
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0866932
IRS990/PensionPlanContributionsGrp/TotalAmt0866932
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt056765
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt058987
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0Other electric services
IRS990/ProgramServiceRevenueGrp/Desc1Provide electric service
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt082251
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126953394
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt082251
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126953394
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt01592008
IRS990/PYInvestmentIncomeAmt029393
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt025002317
IRS990/PYOtherRevenueAmt01853259
IRS990/PYProgramServiceRevenueAmt030125895
IRS990/PYSalariesCompEmpBnftPaidAmt05414222
IRS990/PYTotalExpensesAmt032008547
IRS990/PYTotalRevenueAmt032008547
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1543559
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt04399
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt027035645
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt027625912
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt025962277
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt054436423
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023474155
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt077910578
IRS990ScheduleD/ExpensesSubtotalAmt029726355
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03085624
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1367135
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21197900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32185000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4570319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accumulated postretirement benefits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Consumer advances for construction
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Customer deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Notes payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Other current and accrued liabilities
IRS990ScheduleD/RevenueSubtotalAmt028182796
IRS990ScheduleD/TotalBookValueLandBuildingsAmt054436423
IRS990ScheduleD/TotalBookValueProgramRltdAmt016341967
IRS990ScheduleD/TotalExpensesPerForm990Amt029726355
IRS990ScheduleD/TotalLiabilityAmt07405978
IRS990ScheduleD/TotalRevenuePerForm990Amt028182796
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt028182796
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt029726355
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0145610
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1105722
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt069778
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt150663
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Carol Hall Fraley
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Kyle Clevenger

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$77,299,111
Liabilities
$51,689,927
Net assets
$25,609,184
Revenue
$28,182,796
Expenses
$29,726,355
Net income
-$1,543,559
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$90.7$49.5$41.1$40.1$40.1$0.00
2023Detailed filing. Detailed filing data is available for this year.$92.6$52.3$40.3$41.1$41.1$0.00
2022Detailed filing. Detailed filing data is available for this year.$94.7$56.4$38.3$43.1$43.1$0.00
2021Detailed filing. Detailed filing data is available for this year.$91.9$58.1$33.8$34.3$34.3$0.00
2020Detailed filing. Detailed filing data is available for this year.$90.3$59.9$30.4$31.1$31.1$0.00
2019Detailed filing. Detailed filing data is available for this year.$82.9$54.3$28.6$32.6$32.6$0.00
2018Detailed filing. Detailed filing data is available for this year.$79.3$52.8$26.5$32.8$32.8$0.00
2017Detailed filing. Detailed filing data is available for this year.$77.3$51.7$25.6$28.2$29.7$1.54
2016Detailed filing. Detailed filing data is available for this year.$77.8$50.9$26.9$32.0$32.0$0.00
2015Detailed filing. Detailed filing data is available for this year.$76.0$50.6$25.4$32.6$32.6$0.00
2014Detailed filing. Detailed filing data is available for this year.$75.1$51.8$23.3$34.5$34.5$0.00
2013Detailed filing. Detailed filing data is available for this year.$72.9$51.4$21.5$34.1$34.1$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.4$49.8$18.7$31.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.3$47.9$18.4$31.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.2$47.3$17.9$29.5