Civic Intelligence

Cullman Electric Cooperative

990 • Fiscal year 2016 • EIN 63-0052772

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 07, 2016

PO Box 1168Cullman, AL 35056-1168

(256) 737-3200

Siviq Scores

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

Liabilities / Assets

26th percentile

0.48x

Higher debt load relative to assets than 26% of similar nonprofits.

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

Liabilities / Revenue

18th percentile

0.84x

Higher debt load relative to revenue than 18% of similar nonprofits.

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

Net Margin

77th percentile

3.9%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

40th percentile

$268,967

Higher top officer pay than 40% 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

43rd percentile

3.0%

Faster asset growth than 43% of similar nonprofits.

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

Revenue Growth

12th percentile

-4.5%

Faster revenue growth than 12% of similar nonprofits.

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

Assets

Up

$193,555,570

Up $5,548,121 (+3.0%) from 2015

Net Assets

Up

$100,404,942

Up $4,345,205 (+4.5%) from 2015

Liabilities

Up

$93,150,628

Up $1,202,916 (+1.3%) from 2015

Revenue

Down

$110,502,860

Down $5,159,940 (-4.5%) from 2015

Expenses

Down

$106,140,787

Down $5,331,957 (-4.8%) from 2015

Net Income

Up

$4,362,073

Up $172,017 (+4.1%) from 2015

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $157,071,235Liabilities 2010: $90,081,622Net Assets 2010: $66,989,6132010Assets 2011: $171,855,087Liabilities 2011: $92,807,256Net Assets 2011: $79,047,8312011Assets 2012: $174,780,854Liabilities 2012: $90,428,939Net Assets 2012: $84,351,9152012Assets 2013: $182,929,740Liabilities 2013: $93,069,662Net Assets 2013: $89,860,0782013Assets 2014: $187,140,632Liabilities 2014: $95,277,821Net Assets 2014: $91,862,8112014Assets 2015: $188,007,449Liabilities 2015: $91,947,712Net Assets 2015: $96,059,7372015Assets 2016: $193,555,570Liabilities 2016: $93,150,628Net Assets 2016: $100,404,9422016Assets 2017: $202,022,718Liabilities 2017: $96,705,236Net Assets 2017: $105,317,4822017Assets 2018: $206,304,242Liabilities 2018: $96,207,556Net Assets 2018: $110,096,6862018Assets 2019: $212,014,988Liabilities 2019: $96,251,854Net Assets 2019: $115,763,1342019Assets 2020: $213,524,671Liabilities 2020: $94,645,461Net Assets 2020: $118,879,2102020Assets 2021: $231,310,688Liabilities 2021: $107,648,142Net Assets 2021: $123,662,5462021Assets 2022: $256,114,342Liabilities 2022: $127,013,880Net Assets 2022: $129,100,4622022Assets 2023: $276,811,469Liabilities 2023: $143,835,702Net Assets 2023: $132,975,7672023Assets 2024: $303,612,808Liabilities 2024: $164,823,306Net Assets 2024: $138,789,5022024Assets 2025: $340,062,839Liabilities 2025: $190,973,922Net Assets 2025: $149,088,9172025

Highlighted filing

2016

Assets$193,555,570
Liabilities$93,150,628
Net Assets$100,404,942

Operations Trend

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

$200M$150M$100M$50M$0Expenses 2010: $101,546,4882010Expenses 2011: $112,866,2492011Expenses 2012: $103,183,1532012Revenue 2013: $110,101,180Expenses 2013: $104,558,120Net Income 2013: $5,543,0602013Revenue 2014: $59,053,595Expenses 2014: $56,504,502Net Income 2014: $2,549,0932014Revenue 2015: $115,662,800Expenses 2015: $111,472,744Net Income 2015: $4,190,0562015Revenue 2016: $110,502,860Expenses 2016: $106,140,787Net Income 2016: $4,362,0732016Revenue 2017: $115,561,460Expenses 2017: $110,620,734Net Income 2017: $4,940,7262017Revenue 2018: $119,843,246Expenses 2018: $115,307,129Net Income 2018: $4,536,1172018Revenue 2019: $122,087,612Expenses 2019: $116,426,374Net Income 2019: $5,661,2382019Revenue 2020: $117,305,438Expenses 2020: $114,680,006Net Income 2020: $2,625,4322020Revenue 2021: $119,158,465Expenses 2021: $114,213,338Net Income 2021: $4,945,1272021Revenue 2022: $129,698,192Expenses 2022: $129,698,192Net Income 2022: $02022Revenue 2023: $145,062,218Expenses 2023: $145,062,218Net Income 2023: $02023Revenue 2024: $150,626,956Expenses 2024: $150,626,956Net Income 2024: $02024Revenue 2025: $167,943,353Expenses 2025: $167,943,353Net Income 2025: $02025

Highlighted filing

2016

Revenue$110,502,860
Expenses$106,140,787
Net Income$4,362,073
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 7, 2016
Return Version
2015v2.1
Gross Receipts
$110,502,860
Mission and Program Overview

Mission

Cullman electric cooperative's mission is to provide electric service to its members located in four north alabama counties while adhering to the following values: commitment, accountability, reliability and efficiency.

Cullman electric cooperative's mission is to provide electric service to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$151,976,347$153,208,973▲ $1,232,626
Rtn Earn Endowment Incm Other Fnds$95,856,382$100,200,207▲ $4,343,825
Accounts Receivable$13,742,603$14,183,403▲ $440,800
Savings and Temporary Cash Investments$7,768,228$12,034,574▲ $4,266,346
Other Notes and Loans Receivable, Net$4,590,879$4,514,276▼ $76,603
Prepaid Expenses and Deferred Charges$612,396$3,422,569▲ $2,810,173
Investments Other Securities$2,512,172$2,594,701▲ $82,529
Cash and Non-Interest-Bearing Accounts$2,362,050$2,242,225▼ $119,825
Inventories for Sale or Use$973,091$1,228,504▲ $255,413
Cap Stk Tr Prin Current Funds$203,355$204,735▲ $1,380
Total Assets$188,007,449$193,555,570▲ $5,548,121
Other Assets Total$3,469,683$126,345▼ $3,343,338
Liabilities
Mortgage Notes Payable Secured by Investment Property$64,695,483$65,595,004▲ $899,521
Accounts Payable and Accrued Expenses$18,757,209$19,203,618▲ $446,409
Other Liabilities$8,495,020$8,352,006▼ $143,014
Total Liabilities$91,947,712$93,150,628▲ $1,202,916
Net Assets / Fund Balance
Total Net Assets Fund Balance$96,059,737$100,404,942▲ $4,345,205
Total Liabilities and Net Assets / Fund Balance$188,007,449$193,555,570▲ $5,548,121

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$144,234,076$66,594,089$210,828,165
Buildings$4,862,510$3,871,066$8,733,576
Equipment$3,029,837$4,116,402$7,146,239
Land$1,082,550-$1,082,550
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Grady W Smith JrPresident &FT$200,706$68,261$268,967
Grady W Smith JrPresident & CEO-$200,706$68,261$268,967
Kyle BaggettVP of EngineFT$132,059$43,961$176,020
Kyle BaggettVP of Engineering &-$132,059$43,961$176,020
Jerry WeathersbyVP of AccounFT$126,650$48,063$174,713
Jerry WeathersbyVP of Accounting, Fi-$126,650$48,063$174,713
Steve LinkLinemanFT$115,727$44,009$159,736
Phillip WallaceLinemanFT$110,958$46,208$155,307
Gail NealVP of Hr and-$147,220$5,887$153,107
Gail NealVP of Hr and Assista-$147,220$11,439$153,107
Melissa CarteeVP of MemberFT$111,922$37,518$149,440
Robert VincentLinemanFT$106,481$35,646$142,127
Earnest GeisenLinemanFT$104,645$35,043$139,688
James GlasscockOperations S-$105,846$11,439$117,285
James GlasscockOperations Superinte-$105,846-$117,285
Robert Tidwell JrChairperson-$16,945-$16,945
Lynda CarterSecretaryPT$16,345-$16,345
David HembreeTrusteePT$16,345-$16,345
Lisa WeeksTrusteePT$16,345-$16,345
Chad AlexanderTreasurerPT$16,345-$16,345
Daryl CalvertTrusteePT$16,345-$16,345
James Fields JrVice ChairmaPT$16,345-$16,345
Sue ReynoldsTrustee-$16,345-$16,345
Neil RainwaterTrustee-$16,345$5,887$16,345

Board Members and Trustees

NameTitle
Phillip GarrisonTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Diversified Services INCOverhead Contra2940 HWY 31 NORTH, Hartselle, AL 35640$1,498,582
Asplundh Tree Expert CoRight Of Way ClPO BOX 75090, Charlotte, NC 28275$1,354,516
Advanced Power & Lighting INCElectrical Cont4575 PINNACLE LANE, Chattanooga, TN 37415$257,225
Envelopes & Forms INCBilling Service2505 MEADOWBROOK PARKWAY, Duluth, GA 30096$247,532
Jackson Line Clearing INCLine ClearingPO BOX 769, Bowdon, GA 30108$220,998
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$107,675,331
Investment Income
$120,875
Other Revenue
$2,706,654
Change in Net Assets
$4,362,073

Audited Revenue Reconciliation

Revenue per Audited Statements
$110,502,860
Total Revenue per Audited Statements
$110,502,860
Total Revenue per Form 990
$110,502,860
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$99,447,917
Salaries, Compensation, and Employee Benefits$6,692,870
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$6,946,261--$6,946,261
Other Salaries and Wages$4,745,945--$4,745,945
Other Expenses$2,798,179--$2,798,179
Interest$2,431,881--$2,431,881
Other Employee Benefits$1,946,925--$1,946,925
Office Expenses$1,899,926--$1,899,926
Advertising$75,319--$75,319
All Other Expenses$6,370--$6,370
Total Functional Expenses$106,140,787$0$0$106,140,787

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$106,140,787
Total Expenses per Audited Statements$106,140,787
Total Expenses per Form 990$106,140,787
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance for Conservation Loans$4,375,419
Member Deposits$2,589,884
Post Retirement Health Benefits$1,386,703
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

MEMBERS

Form 990, Page 6, Part VI, Line 7A

The members elect the board of trustees

Form 990, Page 6, Part VI, Line 11B

After the form 990 was prepard by the independent auditors, the vice president of accounting, finance and control performed the initial review. The cooperative's president and ceo reviewed the report. A copy was provided to the cooperative's legal counsel. The cooperative's governing board was provided a copy of the report and reviewed the report at a regular meeting.

Form 990, Page 6, Part VI, Line 12C

A copy of the conflict of interest policy and a questionnaire is provided annually to all trustees, applicable management team members and selected employees to be returned to the president and ceo or executive committee of the board of trustees.

Form 990, Page 6, Part VI, Line 15A

The board of trustees evaluates the performance of the president/ceo annually. During this time compensation is reviewed and the board, acting as the compensation committee, makes their recommendation.

Form 990, Page 6, Part VI, Line 19

Cullman electric cooperative's governing documents, conflict of interest policy, and financial statements are available upon request through the office of the vice president of accounting, finance, and control.

Filing and Contact Details

Filer

Filer Name
Cullman Electric Cooperative
EIN
63-0052772
Phone
2567373200
Address
PO BOX 1168, CULLMAN, AL 35056-1168

Signing Officer

Name
Grady W Smith Jr
Title
President & CEO
Phone
2567373265
Signed
2016-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Grady W Smith Jr
Formed
1936
Legal Domicile
Al
Voting Board Members
9
Independent Board Members
9
Employees
114

Preparer

Firm
Wear Howell Strickland Quinn &lawllc
Address
1323 STRATFORD RD SE, DECATUR, AL 35601-6029
Preparer
Lynn Reeves
Phone
2563538902
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in memberships 1,380 post-retirement benefits adjustment -18,248 total -16,868

Financial Statement Notes

Schedule D, Page 3, Part X

The cooperative follows the accounting guidance for uncertainty in income taxes using the provisions of asc topic 740, income taxes. The cooperative has concluded that there are no significant uncertain tax positions requiring disclosure, and there are no material amounts of unrecognized tax benefits. The cooperative's evaluation was performed for tax years ended june 30, 2013 through june 30, 2016, the years that remain subject to examination by major tax jurisdictions as of june 30, 2016.

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IRS990/Form990PartVIISectionAGrp/PersonNm3CHAD ALEXANDER
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IRS990/Form990PartVIISectionAGrp/PersonNm9GRADY W SMITH JR
IRS990/Form990PartVIISectionAGrp/PersonNm10KYLE BAGGETT
IRS990/Form990PartVIISectionAGrp/PersonNm11JERRY WEATHERSBY
IRS990/Form990PartVIISectionAGrp/PersonNm12MELISSA CARTEE
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IRS990/Form990PartVIISectionAGrp/PersonNm17NEIL RAINWATER
IRS990/Form990PartVIISectionAGrp/PersonNm18GAIL NEAL
IRS990/Form990PartVIISectionAGrp/PersonNm19JAMES GLASSCOCK
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT &
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP OF ENGINE
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP OF ACCOUN
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP OF MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt14LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt15LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt16LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP OF HR AND
IRS990/Form990PartVIISectionAGrp/TitleTxt19OPERATIONS S
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IRS990/Form990TFiledInd0true
IRS990/FormationYr01936
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
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IRS990/GamingActivitiesInd0false
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IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0110502860
IRS990/GrossRentsGrp/PersonalAmt01000
IRS990/GrossRentsGrp/RealAmt01669721
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IRS990/IncludeFIN48FootnoteInd0true
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IRS990/IndependentVotingMemberCnt09
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ProgramServicesAmt02431881
IRS990/InterestGrp/TotalAmt02431881
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0973091
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01228504
IRS990/InvestmentIncomeGrp/ExclusionAmt0120875
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0120875
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IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02512172
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02594701
IRS990/IRPDocumentCnt073
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IRS990/LandBldgEquipAccumDeprecAmt074581557
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0151976347
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0153208973
IRS990/LandBldgEquipCostOrOtherBssAmt0227790530
IRS990/LegalDomicileStateCd0AL
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt0107668138
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CULLMAN ELECTRIC COOPERATIVE'S MISSION IS TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS LOCATED IN FOUR NORTH ALABAMA COUNTIES WHILE ADHERING TO THE FOLLOWING VALUES: COMMITMENT, ACCOUNTABILITY, RELIABILITY AND EFFICIENCY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt064695483
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt065595004
IRS990/NetAssetsOrFundBalancesBOYAmt096059737
IRS990/NetAssetsOrFundBalancesEOYAmt0100404942
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt01670721
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01670721
IRS990/NetUnrelatedBusTxblIncmAmt0210477
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt01899926
IRS990/OfficeExpensesGrp/TotalAmt01899926
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03469683
IRS990/OtherAssetsTotalGrp/EOYAmt0126345
IRS990/OtherChangesInNetAssetsAmt0-16868
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01946925
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01946925
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1TAXES
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION-MAINTENANCE
IRS990/OtherExpensesGrp/Desc3OTHER EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt077827509
IRS990/OtherExpensesGrp/ProgramServicesAmt14065222
IRS990/OtherExpensesGrp/ProgramServicesAmt23397250
IRS990/OtherExpensesGrp/ProgramServicesAmt32798179
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IRS990/OtherExpensesGrp/TotalAmt14065222
IRS990/OtherExpensesGrp/TotalAmt23397250
IRS990/OtherExpensesGrp/TotalAmt32798179
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IRS990/OtherRevenueMiscGrp/Desc0CONTRACT BILLINGS
IRS990/OtherRevenueMiscGrp/Desc1PATRONAGE CAPITAL
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IRS990/PrincipalOfficerNm0GRADY W SMITH JR
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IRS990/ProgramServiceRevenueGrp/BusinessCd1453000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC SALES
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt012034574
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04862510
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03871066
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08733576
IRS990ScheduleD/EquipmentGrp/BookValueAmt03029837
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04116402
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07146239
IRS990ScheduleD/ExpensesSubtotalAmt0106140787
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01082550
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01082550
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0144234076
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt066594089
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0210828165
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04375419
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12589884
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21386703
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE FOR CONSERVATION LOANS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MEMBER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2POST RETIREMENT HEALTH BENEFITS
IRS990ScheduleD/RevenueSubtotalAmt0110502860
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES. THE COOPERATIVE HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS. THE COOPERATIVE'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2013 THROUGH JUNE 30, 2016, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2016.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$340$191$149$168$168$0.00
2024Detailed filing. Detailed filing data is available for this year.$304$165$139$151$151$0.00
2023Detailed filing. Detailed filing data is available for this year.$277$144$133$145$145$0.00
2022Detailed filing. Detailed filing data is available for this year.$256$127$129$130$130$0.00
2021Detailed filing. Detailed filing data is available for this year.$231$108$124$119$114$4.95
2020Detailed filing. Detailed filing data is available for this year.$214$94.6$119$117$115$2.63
2019Detailed filing. Detailed filing data is available for this year.$212$96.3$116$122$116$5.66
2018Detailed filing. Detailed filing data is available for this year.$206$96.2$110$120$115$4.54
2017Detailed filing. Detailed filing data is available for this year.$202$96.7$105$116$111$4.94
2016Detailed filing. Detailed filing data is available for this year.$194$93.2$100$111$106$4.36
2015Detailed filing. Detailed filing data is available for this year.$188$91.9$96.1$116$111$4.19
2014Summary only. Only limited summary data is available for this year.$187$95.3$91.9$59.1$56.5$2.55
2013Detailed filing. Detailed filing data is available for this year.$183$93.1$89.9$110$105$5.54
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$175$90.4$84.4$103
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$172$92.8$79.0$113
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$157$90.1$67.0$102