Civic Intelligence

Caney Fork Electric Cooperative Inc

990 • Fiscal year 2016 • EIN 62-0148804

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 15, 2016

Organization ProfileN/A

View Organization Page

PO Box 272Mcminnville, TN 37111

(931) 473-3116

Siviq Scores

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

Liabilities / Assets

79th percentile

0.64x

Higher debt load relative to assets than 79% of similar nonprofits.

2016 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

47th percentile

1.28x

Higher debt load relative to revenue than 47% of similar nonprofits.

2016 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2016

Net Margin

54th percentile

0.5%

Higher net margin than 54% of similar nonprofits.

2016 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

5th percentile

$154,342

Higher top officer pay than 5% of similar nonprofits.

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

2016 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2016

Asset Growth

39th percentile

2.4%

Faster asset growth than 39% of similar nonprofits.

2016 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

16th percentile

-3.8%

Faster revenue growth than 16% of similar nonprofits.

2016 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$123,703,759

Up $2,927,828 (+2.4%) from 2015

Net Assets

Down

$44,285,536

Down $2,067,463 (-4.5%) from 2015

Liabilities

Up

$79,418,223

Up $4,995,291 (+6.7%) from 2015

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin54th percentile

Revenue

Down

$61,979,580

Down $2,424,249 (-3.8%) from 2015

Expenses

Down

$61,648,489

Down $3,325,473 (-5.1%) from 2015

Net Income

Up

$331,091

Up $901,224 (+158%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2016

Assets$123,703,759
Liabilities$79,418,223
Net Assets$44,285,536
Open 2016 Filing

Operations Trend

Revenue Growth16th percentile

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

2016

Revenue$61,979,580
Expenses$61,648,489
Net Income$331,091
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 15, 2016
Return Version
2015v2.0
Gross Receipts
$61,979,580
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$89,798,181$91,953,478▲ $2,155,297
Rtn Earn Endowment Incm Other Fnds$46,205,389$44,135,706▼ $2,069,683
Cash and Non-Interest-Bearing Accounts$8,930,076$12,155,770▲ $3,225,694
Other Notes and Loans Receivable, Net$8,945,890$7,775,809▼ $1,170,081
Accounts Receivable$7,880,645$7,262,916▼ $617,729
Savings and Temporary Cash Investments$1,245,070$1,298,138▲ $53,068
Inventories for Sale or Use$766,925$801,165▲ $34,240
Prepaid Expenses and Deferred Charges$652,771$683,364▲ $30,593
Pledges and Grants Receivable$472,635$0▼ $472,635
Cap Stk Tr Prin Current Funds$147,610$149,830▲ $2,220
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$120,775,931$123,703,759▲ $2,927,828
Other Assets Total$2,083,738$1,773,119▼ $310,619
Liabilities
Mortgage Notes Payable Secured by Investment Property$46,362,562$48,531,199▲ $2,168,637
Other Liabilities$14,157,266$17,593,991▲ $3,436,725
Accounts Payable and Accrued Expenses$13,903,104$13,293,033▼ $610,071
Total Liabilities$74,422,932$79,418,223▲ $4,995,291
Net Assets / Fund Balance
Total Net Assets Fund Balance$46,352,999$44,285,536▼ $2,067,463
Total Liabilities and Net Assets / Fund Balance$120,775,931$123,703,759▲ $2,927,828

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,017,798$1,299,940-
Other Land Buildings$1,216,181$1,091,158-
Land$259,914--
Equipment$89,459,585$25,848,185-
Compensation and Service Providers
Top Officer Pay5th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William RogersManagerFT$118,375$35,967$154,342
Danny SuttonOperations DirectorFT$94,726$23,834$118,560
Don McbeeControllerFT$89,192$29,241$118,433
Michael BouldinPresident-$13,364-$13,364
Bill S DavisDirector-$12,548-$12,548
Albert R DicusDirector-$11,944-$11,944
Bobby LoveDirector-$11,932-$11,932
Glen H PageDirector-$11,648-$11,648
William R FloydVice President-$11,554-$11,554
J Steve RollerDirector-$8,040-$8,040
Johnny R CrainDirector-$4,600-$4,600
James H HillisDirector-$3,000-$3,000
Jeanette FranceSecretary/Treas-$2,775-$2,775

Highest Paid Contractors

ContractorServicesLocationCompensation
J & L Tree Service LLCTree Service9 WILLIAMS LANE SOUTH, Alexandria, TN 37012$988,958
T & M Distribution Power LLCConstruction247 MASON LANE, Woodbury, TN 37190$383,530
Mckenzie Tree Service INCTree ServicePO BOX 425, Parsons, TN 38363$357,550
G&g Tree Service LLCTree ServicePO BOX 214, Liberty, TN 37095$206,825
Halls Backhoe ServiceContractor5008 SHELBYVILLE RD, Mcminnville, TN 37110$141,895
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$61,473,407
Investment Income
$505,776
Other Revenue
$397
Change in Net Assets
$331,091
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$61,254,791
Salaries, Compensation, and Employee Benefits$393,698
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$3,678,674--$3,678,674
Interest$1,882,874--$1,882,874
Current Officers, Directors, Trustees, and Key Employees$393,698--$393,698
Other Expenses$72,891--$72,891
Total Functional Expenses$61,648,489$0$0$61,648,489
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$15,826,971
Customer deposits$1,634,618
Other current liabilities$132,402
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 publication. 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

Filer Name
Caney Fork Electric Cooperative Inc
EIN
62-0148804
Phone
9314733116
Address
PO BOX 272, MCMINNVILLE, TN 37111

Signing Officer

Name
William Rogers
Title
Manager
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Totherow Haile & Welch CPAs PLLC
Address
2355 South Chancery St, McMinnville, TN 37110
Preparer
Gentry Underhill Jr CPA
Phone
9316681272
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Comprehensive income associated with postretirement benefits = -$2400774”

Other Changes In Net Assets Or Fund Balances - Other Increases

“memberships received = $13360”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Memberships refunded = -$11140”

Raw XML AppendixShowing 400 of 495 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/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/Treas
IRS990/Form990PartVIISectionAGrp/TitleTxt3President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt11CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt12OPERATIONS DIRECTOR
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IRS990/InterestGrp/TotalAmt01882874
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IRS990/LandBldgEquipCostOrOtherBssAmt0120192761
IRS990/LegalDomicileStateCd0TN
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt061232655
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide electric service in rural areas to the members of the Cooperative.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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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/BOYAmt02083738
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IRS990/OtherChangesInNetAssetsAmt0-2398554
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IRS990/OtherExpensesGrp/Desc0Purchased power
IRS990/OtherExpensesGrp/Desc1Operating expenses
IRS990/OtherExpensesGrp/Desc2Maintenance expense
IRS990/OtherExpensesGrp/Desc3Miscellaneous
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IRS990/OtherExpensesGrp/ProgramServicesAmt17306826
IRS990/OtherExpensesGrp/ProgramServicesAmt23359937
IRS990/OtherExpensesGrp/ProgramServicesAmt372891
IRS990/OtherExpensesGrp/TotalAmt044953589
IRS990/OtherExpensesGrp/TotalAmt17306826
IRS990/OtherExpensesGrp/TotalAmt23359937
IRS990/OtherExpensesGrp/TotalAmt372891
IRS990/OtherLiabilitiesGrp/BOYAmt014157266
IRS990/OtherLiabilitiesGrp/EOYAmt017593991
IRS990/OtherRevenueMiscGrp/BusinessCd0518210
IRS990/OtherRevenueMiscGrp/Desc0Billing/Coll Fees
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0397
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0397
IRS990/OtherRevenueTotalAmt0397
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherSourcesGrossIncomeAmt0561612
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt08945890
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07775809
IRS990/PartialLiquidationInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0683364
IRS990/ProfessionalFundraisingInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt025848185
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IRS990ScheduleD/LandGrp/BookValueAmt0259914
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0259914
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01216181
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01091158
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt02307339
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01634618
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1132402
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt215826971
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Customer deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other current liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Postretirement benefits
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IRS990ScheduleD/TotalLiabilityAmt017593991
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IRS990ScheduleJ/CompensationCommitteeInd0X
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IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM ROGERS

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$123,703,759
Liabilities
$79,418,223
Net assets
$44,285,536
Revenue
$61,979,580
Expenses
$61,648,489
Net income
$331,091
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
2016Detailed filing. Detailed filing data is available for this year.$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