Civic Intelligence

Caney Fork Electric Cooperative Inc

990 • Fiscal year 2014 • EIN 62-0148804

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 14, 2014

Organization ProfileN/A

View Organization Page

PO Box 27237111

(931) 473-3116

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.61x

Higher debt load relative to assets than 63% of similar nonprofits.

2014 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

38th percentile

1.12x

Higher debt load relative to revenue than 38% of similar nonprofits.

2014 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2014

Net Margin

67th percentile

2.5%

Higher net margin than 67% of similar nonprofits.

2014 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

7th percentile

$159,726

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2014 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2014

Asset Growth

82nd percentile

6.5%

Faster asset growth than 82% of similar nonprofits.

2014 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$120,910,615

Up $7,417,747 (+6.5%) from 2013

Net Assets

Up

$47,671,180

Up $1,869,429 (+4.1%) from 2013

Liabilities

Up

$73,239,435

Up $5,548,318 (+8.2%) from 2013

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin67th percentile

Revenue

$65,557,130

No earlier filing loaded for comparison.

Expenses

Up

$63,945,712

Up $3,017,230 (+5.0%) from 2013

Net Income

$1,611,418

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.

$200M$150M$100M$50M$0Assets 2011: $106,135,765Liabilities 2011: $63,373,319Net Assets 2011: $42,762,4462011Assets 2012: $109,231,958Liabilities 2012: $65,627,220Net Assets 2012: $43,604,7382012Assets 2013: $113,492,868Liabilities 2013: $67,691,117Net Assets 2013: $45,801,7512013Assets 2014: $120,910,615Liabilities 2014: $73,239,435Net Assets 2014: $47,671,1802014Assets 2015: $120,775,931Liabilities 2015: $74,422,932Net Assets 2015: $46,352,9992015Assets 2016: $123,703,759Liabilities 2016: $79,418,223Net Assets 2016: $44,285,5362016Assets 2017: $128,814,250Liabilities 2017: $83,157,769Net Assets 2017: $45,656,4812017Assets 2018: $128,728,047Liabilities 2018: $77,286,609Net Assets 2018: $51,441,4382018Assets 2019: $131,845,775Liabilities 2019: $77,086,244Net Assets 2019: $54,759,5312019Assets 2020: $136,758,342Liabilities 2020: $76,501,685Net Assets 2020: $60,256,6572020Assets 2021: $140,728,513Liabilities 2021: $73,242,895Net Assets 2021: $67,485,6182021Assets 2022: $145,317,750Liabilities 2022: $70,911,445Net Assets 2022: $74,406,3052022Assets 2023: $146,308,723Liabilities 2023: $67,389,734Net Assets 2023: $78,918,9892023Assets 2024: $157,172,585Liabilities 2024: $64,314,430Net Assets 2024: $92,858,1552024Assets 2025: $174,812,650Liabilities 2025: $77,100,918Net Assets 2025: $97,711,7322025

Highlighted filing

2014

Assets$120,910,615
Liabilities$73,239,435
Net Assets$47,671,180
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$100M$50M$0-$50MExpenses 2011: $63,613,3932011Expenses 2012: $60,291,3602012Expenses 2013: $60,928,4822013Revenue 2014: $65,557,130Expenses 2014: $63,945,712Net Income 2014: $1,611,4182014Revenue 2015: $64,403,829Expenses 2015: $64,973,962Net Income 2015: -$570,1332015Revenue 2016: $61,979,580Expenses 2016: $61,648,489Net Income 2016: $331,0912016Revenue 2017: $65,734,390Expenses 2017: $64,571,663Net Income 2017: $1,162,7272017Revenue 2018: $67,552,282Expenses 2018: $65,691,386Net Income 2018: $1,860,8962018Revenue 2019: $69,157,069Expenses 2019: $65,842,251Net Income 2019: $3,314,8182019Revenue 2020: $67,677,573Expenses 2020: $62,651,802Net Income 2020: $5,025,7712020Revenue 2021: $68,683,408Expenses 2021: $61,347,709Net Income 2021: $7,335,6992021Revenue 2022: $73,547,577Expenses 2022: $67,215,842Net Income 2022: $6,331,7352022Revenue 2023: $77,606,579Expenses 2023: $73,021,422Net Income 2023: $4,585,1572023Revenue 2024: $77,375,635Expenses 2024: $72,594,780Net Income 2024: $4,780,8552024Revenue 2025: $84,991,952Expenses 2025: $80,237,730Net Income 2025: $4,754,2222025

Highlighted filing

2014

Revenue$65,557,130
Expenses$63,945,712
Net Income$1,611,418
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 14, 2014
Return Version
2013v3.1
Gross Receipts
$65,557,130
Mission and Program Overview

Mission

To provide electric service in rural areas to the members of the Cooperative.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$83,652,847$86,980,776▲ $3,327,929
Rtn Earn Endowment Incm Other Fnds$45,656,346$47,525,775▲ $1,869,429
Cash and Non-Interest-Bearing Accounts$8,746,160$12,877,090▲ $4,130,930
Other Notes and Loans Receivable, Net$9,021,829$9,086,857▲ $65,028
Accounts Receivable$6,623,523$6,872,482▲ $248,959
Savings and Temporary Cash Investments$1,154,926$1,197,990▲ $43,064
Inventories for Sale or Use$861,842$838,526▼ $23,316
Prepaid Expenses and Deferred Charges$416,145$351,918▼ $64,227
Cap Stk Tr Prin Current Funds$145,405$145,405→ $0
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$113,492,868$120,910,615▲ $7,417,747
Other Assets Total$3,015,596$2,704,976▼ $310,620
Liabilities
Mortgage Notes Payable Secured by Investment Property$44,529,044$45,896,888▲ $1,367,844
Accounts Payable and Accrued Expenses$10,391,050$14,066,123▲ $3,675,073
Other Liabilities$12,771,023$13,276,424▲ $505,401
Total Liabilities$67,691,117$73,239,435▲ $5,548,318
Net Assets / Fund Balance
Total Net Assets Fund Balance$45,801,751$47,671,180▲ $1,869,429
Total Liabilities and Net Assets / Fund Balance$113,492,868$120,910,615▲ $7,417,747

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,072,524$1,190,510-
Other Land Buildings$1,197,514$838,997-
Land$259,914--
Equipment$84,450,824$22,433,038-
Compensation and Service Providers
Top Officer Pay7th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William RogersManagerFT$122,100$37,626$159,726
Don McbeeControllerFT$91,355$30,741$122,096
Danny SuttonOperations DirectorFT$90,218$24,321$114,539
William R FloydDirector-$13,748-$13,748
Albert R DicusDirector-$13,548-$13,548
Michael BouldinVice President-$13,048-$13,048
Bobby LoveDirector-$12,898-$12,898
Bill S DavisDirector-$12,174-$12,174
Glen H PageDirector-$11,874-$11,874
J Steve RollerDirector-$8,535-$8,535
Johnny R CrainPresident-$5,550-$5,550
James H HillisDirector-$3,150-$3,150
Jeanette FranceSecretary/Treas-$2,475-$2,475

Highest Paid Contractors

ContractorServicesLocationCompensation
J & L Tree Service LLCTree Service-$909,423
T & M Distribution Power LLCConstruction-$421,979
Mckenzie Tree Service INCTree Service-$356,924
G&g Tree Service LLCTree Service-$219,081
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$65,036,952
Investment Income
$525,993
Other Revenue
$-5,815
Change in Net Assets
$1,611,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$65,557,130
Total Revenue per Audited Statements
$65,557,130
Total Revenue per Form 990
$65,557,130
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$63,545,038
Salaries, Compensation, and Employee Benefits$400,674
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$3,238,170--$3,238,170
Interest$1,894,155--$1,894,155
Current Officers, Directors, Trustees, and Key Employees$400,674--$400,674
Other Expenses$27,957--$27,957
Total Functional Expenses$63,945,712$0$0$63,945,712

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$63,945,712
Total Expenses per Audited Statements$63,945,712
Total Expenses per Form 990$63,945,712
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Postretirement benefits$11,740,799
Customer deposits$1,382,592
Other current liabilities$153,033
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

“Members of the cooperative are individuals and businesses that are located within its service area and have electric service with the cooperative.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“Directors serve three year terms. Members elect directors with expiring terms on an annual basis at an annual meeting.”

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

“The governing body reviews and approves the form 990 before filing.”

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

“The board members are requested yearly to complete a conflict of interest and disclosure form.”

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

“The board of directors review the performance of management employees on an annual basis and determine the compensation for these employees for the coming year.”

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

“Financial information is distributed annually to members through an industry publicaton. All documents, policies, and financial information required to be made public by i.r.c. 6104 are available upon request.”

Filing and Contact Details

Filer

EIN
62-0148804
Phone
9314733116

Signing Officer

Name
William Rogers
Title
Manager
Signed
2014-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1940
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
0
Employees
84

Preparer

Preparer
Gentry Underhill Jr CPA
Phone
9316681272
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Comprehensive income associated with postretirement benefits = $257056”

Other Changes In Net Assets Or Fund Balances - Other Increases

“memberships received = $13240”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Memberships refunded = -$12285”

Raw XML AppendixShowing 400 of 493 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/Treas
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9President
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IRS990/LobbyingActivitiesInd0false
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-5913
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
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IRS990/OtherChangesInNetAssetsAmt0258011
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IRS990/OtherExpensesGrp/TotalAmt22968820
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IRS990/OtherRevenueMiscGrp/BusinessCd0518210
IRS990/OtherRevenueMiscGrp/Desc0Billing/Coll Fees
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-5815
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0-5815
IRS990/OtherRevenueTotalAmt0-5815
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherSourcesGrossIncomeAmt0525993
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt09021829
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09086857
IRS990/PartialLiquidationInd0false
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IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PYOtherRevenueAmt08769
IRS990/PYProgramServiceRevenueAmt062677059
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IRS990/PYSalariesCompEmpBnftPaidAmt0399450
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Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$120,910,615
Liabilities
$73,239,435
Net assets
$47,671,180
Revenue
$65,557,130
Expenses
$63,945,712
Net income
$1,611,418
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$175$77.1$97.7$85.0$80.2$4.75
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$157$64.3$92.9$77.4$72.6$4.78
2023Detailed filing. Detailed filing data is available for this year.$146$67.4$78.9$77.6$73.0$4.59
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$145$70.9$74.4$73.5$67.2$6.33
2021Detailed filing. Detailed filing data is available for this year.$141$73.2$67.5$68.7$61.3$7.34
2020Detailed filing. Detailed filing data is available for this year.$137$76.5$60.3$67.7$62.7$5.03
2019Detailed filing. Detailed filing data is available for this year.$132$77.1$54.8$69.2$65.8$3.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$129$77.3$51.4$67.6$65.7$1.86
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$129$83.2$45.7$65.7$64.6$1.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$124$79.4$44.3$62.0$61.6$0.33
2015Detailed filing. Detailed filing data is available for this year.$121$74.4$46.4$64.4$65.0$0.57
2014Detailed filing. Detailed filing data is available for this year.$121$73.2$47.7$65.6$63.9$1.61
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$67.7$45.8$60.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$109$65.6$43.6$60.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$106$63.4$42.8$63.6