Civic Intelligence

Marshall-Dekalb Electric Cooperative

990 • Fiscal year 2018 • EIN 63-0132555

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 15, 2018

Organization ProfileN/A
PO Box 724Boaz, AL 35957

(256) 593-4262

Siviq Scores

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

Liabilities / Assets

21st percentile

0.32x

Higher debt load relative to assets than 21% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

77th percentile

1.74x

Higher debt load relative to revenue than 77% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Net Margin

87th percentile

9.3%

Higher net margin than 87% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

32nd percentile

$211,859

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Asset Growth

61st percentile

3.9%

Faster asset growth than 61% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

25th percentile

1.6%

Faster revenue growth than 25% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$78,953,685

Up $2,962,718 (+3.9%) from 2017

Net Assets

Up

$53,390,092

Up $1,371,813 (+2.6%) from 2017

Liabilities

Up

$25,563,593

Up $1,590,905 (+6.6%) from 2017

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin87th percentile

Revenue

Up

$14,682,463

Up $231,455 (+1.6%) from 2017

Expenses

Up

$13,310,727

Up $1,456,577 (+12%) from 2017

Net Income

Down

$1,371,736

Down $1,225,122 (-47%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$150M$100M$50M$0Assets 2011: $57,278,923Liabilities 2011: $22,295,436Net Assets 2011: $34,983,4872011Assets 2012: $58,781,443Liabilities 2012: $20,291,884Net Assets 2012: $38,489,5592012Assets 2013: $63,831,575Liabilities 2013: $21,572,694Net Assets 2013: $42,258,8812013Assets 2014: $66,652,048Liabilities 2014: $21,228,935Net Assets 2014: $45,423,1132014Assets 2015: $69,022,033Liabilities 2015: $21,977,221Net Assets 2015: $47,044,8122015Assets 2016: $72,038,124Liabilities 2016: $22,617,333Net Assets 2016: $49,420,7912016Assets 2017: $75,990,967Liabilities 2017: $23,972,688Net Assets 2017: $52,018,2792017Assets 2018: $78,953,685Liabilities 2018: $25,563,593Net Assets 2018: $53,390,0922018Assets 2019: $79,818,973Liabilities 2019: $25,936,225Net Assets 2019: $53,882,7482019Assets 2020: $87,685,817Liabilities 2020: $32,094,826Net Assets 2020: $55,590,9912020Assets 2021: $89,972,951Liabilities 2021: $30,304,751Net Assets 2021: $59,668,2002021Assets 2022: $96,065,726Liabilities 2022: $32,653,068Net Assets 2022: $63,412,6582022Assets 2023: $99,231,302Liabilities 2023: $31,949,037Net Assets 2023: $67,282,2652023Assets 2024: $102,500,687Liabilities 2024: $32,408,553Net Assets 2024: $70,092,1342024Assets 2025: $110,007,347Liabilities 2025: $37,056,852Net Assets 2025: $72,950,4952025

Highlighted filing

2018

Assets$78,953,685
Liabilities$25,563,593
Net Assets$53,390,092
Open 2018 Filing

Operations Trend

Revenue Growth25th percentile

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

$30M$20M$10M$0Expenses 2011: $10,270,7872011Revenue 2012: $13,599,346Expenses 2012: $10,092,114Net Income 2012: $3,507,2322012Expenses 2013: $10,007,8992013Revenue 2014: $13,588,187Expenses 2014: $10,423,899Net Income 2014: $3,164,2882014Revenue 2015: $13,038,628Expenses 2015: $11,417,902Net Income 2015: $1,620,7262015Revenue 2016: $13,999,778Expenses 2016: $11,624,651Net Income 2016: $2,375,1272016Revenue 2017: $14,451,008Expenses 2017: $11,854,150Net Income 2017: $2,596,8582017Revenue 2018: $14,682,463Expenses 2018: $13,310,727Net Income 2018: $1,371,7362018Revenue 2019: $15,342,675Expenses 2019: $14,850,973Net Income 2019: $491,7022019Revenue 2020: $16,204,483Expenses 2020: $14,497,903Net Income 2020: $1,706,5802020Revenue 2021: $17,797,114Expenses 2021: $13,721,498Net Income 2021: $4,075,6162021Revenue 2022: $18,545,582Expenses 2022: $15,393,263Net Income 2022: $3,152,3192022Revenue 2023: $19,675,444Expenses 2023: $15,812,049Net Income 2023: $3,863,3952023Revenue 2024: $19,439,281Expenses 2024: $16,631,544Net Income 2024: $2,807,7372024Revenue 2025: $20,392,875Expenses 2025: $17,536,854Net Income 2025: $2,856,0212025

Highlighted filing

2018

Revenue$14,682,463
Expenses$13,310,727
Net Income$1,371,736
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 15, 2018
Return Version
2017v2.3
Gross Receipts
$51,077,393
Mission and Program Overview

Mission

Purchase and sale of electricity for its membership

SALE OF ELECTRIC POWER

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$64,851,435$67,800,263▲ $2,948,828
Rtn Earn Endowment Incm Other Fnds$51,785,955$53,157,691▲ $1,371,736
Loans From Officers Directors$5,809,458$7,304,125▲ $1,494,667
Accounts Receivable$3,746,695$4,112,850▲ $366,155
Cash and Non-Interest-Bearing Accounts$1,995,995$3,042,752▲ $1,046,757
Prepaid Expenses and Deferred Charges$637,968$608,472▼ $29,496
Inventories for Sale or Use$454,656$480,332▲ $25,676
Savings and Temporary Cash Investments$35,832$140,971▲ $105,139
Cap Stk Tr Prin Current Funds$139,512$140,062▲ $550
Pd in Cap Srpls Land Bldg Eqp Fund$92,812$92,339▼ $473
Investments Other Securities$58,625$58,625→ $0
Total Assets$75,990,967$78,953,685▲ $2,962,718
Other Assets Total$4,209,761$2,709,420▼ $1,500,341
Liabilities
Accounts Payable and Accrued Expenses$14,628,954$15,639,856▲ $1,010,902
Other Liabilities$2,243,033$1,745,887▼ $497,146
Mortgage Notes Payable Secured by Investment Property$1,291,243$873,725▼ $417,518
Total Liabilities$23,972,688$25,563,593▲ $1,590,905
Net Assets / Fund Balance
Total Net Assets Fund Balance$52,018,279$53,390,092▲ $1,371,813
Total Liabilities and Net Assets / Fund Balance$75,990,967$78,953,685▲ $2,962,718

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$67,666,693$19,952,092$87,618,785
Land$133,570-$133,570
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
James W StewartManagerFT$211,859$211,859
Lavaughn HolcombPresidentPT$14,570$14,570
Bobby WeathersSec/treasPT$13,370$13,370
Terry JohnsonTrusteePT$12,395$12,395
Terry EdmondsonTrusteePT$12,363$12,363
William G HulganTrusteePT$12,330$12,330
Steve HenleyTrusteePT$11,717$11,717
Jerry ScottTrusteePT$11,688$11,688
Stephen P DavisTrusteePT$11,570$11,570
Briggs PattersonVice PresidentPT$10,229$10,229

Highest Paid Contractors

ContractorServicesLocationCompensation
Corbitt Power And Light LLCInstallation And Servicing Of Utility Li1008 CRESTWOOD STREET, Albertville, AL 35950$590,042
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$815,475
Investment Income
$44,673
Other Revenue
$13,822,315
Change in Net Assets
$1,371,736

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,682,463
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$36,394,931
Total Revenue per Audited Statements
$51,077,394
Total Revenue per Form 990
$14,682,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,015,514
Salaries, Compensation, and Employee Benefits$4,295,213
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,619,130--$2,619,130
Other Salaries and Wages$2,182,504--$2,182,504
Pension Plan Contributions$1,555,742--$1,555,742
All Other Expenses$1,171,707--$1,171,707
Other Expenses$557,726--$557,726
Interest$291,114--$291,114
Current Officers, Directors, Trustees, and Key Employees$267,810--$267,810
Payroll Taxes$235,041--$235,041
Office Expenses$147,836--$147,836
Other Employee Benefits$54,116--$54,116
Advertising$47,276--$47,276
Fees for Services Legal$45,387--$45,387
Total Functional Expenses$13,310,727$0$0$13,310,727

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$49,705,657
Expenses Not Reported on Form 990$36,394,930
Expenses per Audited Statements$13,310,727
Total Expenses per Form 990$13,310,727
Expenses Not Reported on Financial Statements$0
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
Loans from Officers, Directors, Trustees, and Key Employees$5,809,458$7,304,125▲ $1,494,667
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advances From Tva$1,633,305
Deferred Pole Rent Revenue$112,582
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Any person, firm corporation, or body politic may become a member of the cooperative by paying the membership fee, agreeing to purchase from the cooperative electric energy, and agreeing to comply with and be bound by the alabama electric cooperative act of 1939.”

Form 990, Part VI, Section B, Line 11B

“The chief financial officer of the cooperative reviews and approves all information before filing.”

Form 990, Part VI, Section B, Line 15

“All wage increases for all employees are approved by the board of trustees.”

Form 990, Part VI, Section C, Line 19

“All governing documents and financial statements are made available to the public by written request.”

Filing and Contact Details

Filer

Filer Name
Marshall-dekalb Electric Cooperative
EIN
63-0132555
Phone
2565934262
Address
PO BOX 724, BOAZ, AL 35957

Signing Officer

Name
Scott Bobo
Title
General Manager
Phone
2565934262
Signed
2018-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Bobo
Formed
1941
Legal Domicile
Al
Voting Board Members
9
Independent Board Members
0
Employees
67
Volunteers
0

Preparer

Firm
Mda Professional Group Pc
Address
PO BOX 1188, ALBERTVILLE, AL 35950
Preparer
William R Massey CPA
Phone
2568785548
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Other capital contributions -473. Memberships and refunds, net 550.”

Form 990, Part XII, Line 2C

“The board of trustees elects an audit committee who oversees the audit of the financial statements. The board of trustees approves the independent accountant to perform the audit of the financial statements.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 36,394,930. Rounding 1.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 36,394,930.”

Raw XML AppendixShowing 400 of 458 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/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PURCHASE AND SALE OF ELECTRICITY FOR ITS MEMBERSHIP
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01291243
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0873725
IRS990/NetAssetsOrFundBalancesBOYAmt052018279
IRS990/NetAssetsOrFundBalancesEOYAmt053390092
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt013237209
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt013237209
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0585106
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0585106
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0147836
IRS990/OfficeExpensesGrp/TotalAmt0147836
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04209761
IRS990/OtherAssetsTotalGrp/EOYAmt02709420
IRS990/OtherChangesInNetAssetsAmt077
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt054116
IRS990/OtherEmployeeBenefitsGrp/TotalAmt054116
IRS990/OtherExpensesGrp/Desc0GROSS RECEIPTS AND PRIV
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION MAINTENANC
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION OPERATING
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS GENERAL
IRS990/OtherExpensesGrp/ProgramServicesAmt01907811
IRS990/OtherExpensesGrp/ProgramServicesAmt11438970
IRS990/OtherExpensesGrp/ProgramServicesAmt2788557
IRS990/OtherExpensesGrp/ProgramServicesAmt3557726
IRS990/OtherExpensesGrp/TotalAmt01907811
IRS990/OtherExpensesGrp/TotalAmt11438970
IRS990/OtherExpensesGrp/TotalAmt2788557
IRS990/OtherExpensesGrp/TotalAmt3557726
IRS990/OtherLiabilitiesGrp/BOYAmt02243033
IRS990/OtherLiabilitiesGrp/EOYAmt01745887
IRS990/OtherOrganizationDsc0COOPERATIVE
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02182504
IRS990/OtherSalariesAndWagesGrp/TotalAmt02182504
IRS990/OtherSourcesGrossIncomeAmt00
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0235041
IRS990/PayrollTaxesGrp/TotalAmt0235041
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt092812
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt092339
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01555742
IRS990/PensionPlanContributionsGrp/TotalAmt01555742
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0637968
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0608472
IRS990/PrincipalOfficerNm0SCOTT BOBO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0MISCELLANEOUS ELECTRIC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0815475
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0815475
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt031162
IRS990/PYOtherExpensesAmt07796085
IRS990/PYOtherRevenueAmt012854467
IRS990/PYProgramServiceRevenueAmt01565379
IRS990/PYRevenuesLessExpensesAmt02596858
IRS990/PYSalariesCompEmpBnftPaidAmt04058065
IRS990/PYTotalExpensesAmt011854150
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014451008
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01371736
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt0585106
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt051785955
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt053157691
IRS990/SavingsAndTempCashInvstGrp/BOYAmt035832
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0140971
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt067666693
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019952092
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt087618785
IRS990ScheduleD/ExpensesNotReportedAmt036394930
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt013310727
IRS990ScheduleD/LandGrp/BookValueAmt0133570
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0133570
IRS990ScheduleD/OtherExpensesIncludedAmt036394930
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01633305
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1112582
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCES FROM TVA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED POLE RENT REVENUE
IRS990ScheduleD/OtherRevenueAmt036394931
IRS990ScheduleD/RevenueNotReportedAmt036394931
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt014682463
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF GOODS SOLD 36,394,930. ROUNDING 1.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 36,394,930.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt067800263
IRS990ScheduleD/TotalExpensesPerForm990Amt013310727
IRS990ScheduleD/TotalLiabilityAmt01745887
IRS990ScheduleD/TotalRevenuePerForm990Amt014682463
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt051077394
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt049705657
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0211859
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES W STEWART
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0211859
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS MAKES RECOMMENDATIONS FOR COMPENSATION TO THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE RECOMMENDED COMPENSATIONS ARE REVIEWED AND VOTED ON BY THE BOARD OF DIRECTORS ANNUALLY.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART 1, QUESTION 3:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt07304125
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0COOPERATIVE FINANCE CORPORATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1COOPERATIVE FINANCE CORPORATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0CAPITAL EXPENDITURES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1CAPITAL EXPENDITURES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt08960530
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt13000000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0MARSHALL-DEKALB ELECTRIC COOPERATIVE IS A MEMBER OF THE CFC./
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1MARSHALL-DEKALB ELECTRIC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/TotalBalanceDueAmt07304125
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANY PERSON, FIRM CORPORATION, OR BODY POLITIC MAY BECOME A MEMBER OF THE COOPERATIVE BY PAYING THE MEMBERSHIP FEE, AGREEING TO PURCHASE FROM THE COOPERATIVE ELECTRIC ENERGY, AND AGREEING TO COMPLY WITH AND BE BOUND BY THE ALABAMA ELECTRIC COOPERATIVE ACT OF 1939.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CHIEF FINANCIAL OFFICER OF THE COOPERATIVE REVIEWS AND APPROVES ALL INFORMATION BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL WAGE INCREASES FOR ALL EMPLOYEES ARE APPROVED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC BY WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER CAPITAL CONTRIBUTIONS -473. MEMBERSHIPS AND REFUNDS, NET 550.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF TRUSTEES ELECTS AN AUDIT COMMITTEE WHO OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS. THE BOARD OF TRUSTEES APPROVES THE INDEPENDENT ACCOUNTANT TO PERFORM THE AUDIT OF THE FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt075990967
IRS990/TotalAssetsEOYAmt078953685
IRS990/TotalAssetsGrp/BOYAmt075990967
IRS990/TotalAssetsGrp/EOYAmt078953685
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt067
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt013310727
IRS990/TotalFunctionalExpensesGrp/TotalAmt013310727
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023972688
IRS990/TotalLiabilitiesEOYAmt025563593
IRS990/TotalLiabilitiesGrp/BOYAmt023972688
IRS990/TotalLiabilitiesGrp/EOYAmt025563593
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt052018279
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt053390092

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$78,953,685
Liabilities
$25,563,593
Net assets
$53,390,092
Revenue
$14,682,463
Expenses
$13,310,727
Net income
$1,371,736
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$110$37.1$73.0$20.4$17.5$2.86
2024Detailed filing. Detailed filing data is available for this year.$103$32.4$70.1$19.4$16.6$2.81
2023Detailed filing. Detailed filing data is available for this year.$99.2$31.9$67.3$19.7$15.8$3.86
2022Detailed filing. Detailed filing data is available for this year.$96.1$32.7$63.4$18.5$15.4$3.15
2021Detailed filing. Detailed filing data is available for this year.$90.0$30.3$59.7$17.8$13.7$4.08
2020Detailed filing. Detailed filing data is available for this year.$87.7$32.1$55.6$16.2$14.5$1.71
2019Detailed filing. Detailed filing data is available for this year.$79.8$25.9$53.9$15.3$14.9$0.49
2018Detailed filing. Detailed filing data is available for this year.$79.0$25.6$53.4$14.7$13.3$1.37
2017Detailed filing. Detailed filing data is available for this year.$76.0$24.0$52.0$14.5$11.9$2.60
2016Detailed filing. Detailed filing data is available for this year.$72.0$22.6$49.4$14.0$11.6$2.38
2015Detailed filing. Detailed filing data is available for this year.$69.0$22.0$47.0$13.0$11.4$1.62
2014Detailed filing. Detailed filing data is available for this year.$66.7$21.2$45.4$13.6$10.4$3.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.8$21.6$42.3$10.0
2012Summary only. Only limited summary data is available for this year.$58.8$20.3$38.5$13.6$10.1$3.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.3$22.3$35.0$10.3