Civic Intelligence

Franklin Electric Cooperative

990 • Fiscal year 2022 • EIN 63-0253927

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 21, 2022

Organization ProfileN/A

View Organization Page

PO Box 10Russellville, AL 35653-0010

(256) 332-2730

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.53x

Higher debt load relative to assets than 53% of similar nonprofits.

2022 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

3.05x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2022

Net Margin

86th percentile

8.3%

Higher net margin than 86% of similar nonprofits.

2022 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

15th percentile

$167,006

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2022 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2022

Asset Growth

56th percentile

4.9%

Faster asset growth than 56% of similar nonprofits.

2022 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

31st percentile

3.6%

Faster revenue growth than 31% of similar nonprofits.

2022 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$55,032,541

Up $2,590,881 (+4.9%) from 2021

Net Assets

Up

$26,091,069

Up $1,678,310 (+6.9%) from 2021

Liabilities

Up

$28,941,472

Up $912,571 (+3.3%) from 2021

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin86th percentile

Revenue

Up

$9,493,610

Up $330,394 (+3.6%) from 2021

Expenses

Up

$8,704,785

Up $865,560 (+11%) from 2021

Net Income

Down

$788,825

Down $535,166 (-40%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$60M$40M$20M$0Assets 2011: $48,057,594Liabilities 2011: $31,317,367Net Assets 2011: $16,740,2272011Assets 2012: $47,132,516Liabilities 2012: $29,557,099Net Assets 2012: $17,575,4172012Assets 2013: $48,120,899Liabilities 2013: $29,237,367Net Assets 2013: $18,883,5322013Assets 2014: $49,461,390Liabilities 2014: $28,795,639Net Assets 2014: $20,665,7512014Assets 2015: $50,258,140Liabilities 2015: $29,457,207Net Assets 2015: $20,800,9332015Assets 2016: $51,021,199Liabilities 2016: $30,690,076Net Assets 2016: $20,331,1232016Assets 2017: $50,164,298Liabilities 2017: $28,993,531Net Assets 2017: $21,170,7672017Assets 2018: $53,100,018Liabilities 2018: $30,357,822Net Assets 2018: $22,742,1962018Assets 2019: $51,743,985Liabilities 2019: $29,718,354Net Assets 2019: $22,025,6312019Assets 2020: $51,700,610Liabilities 2020: $28,869,703Net Assets 2020: $22,830,9072020Assets 2021: $52,441,660Liabilities 2021: $28,028,901Net Assets 2021: $24,412,7592021Assets 2022: $55,032,541Liabilities 2022: $28,941,472Net Assets 2022: $26,091,0692022Assets 2023: $54,446,867Liabilities 2023: $27,055,697Net Assets 2023: $27,391,1702023Assets 2024: $55,919,399Liabilities 2024: $26,403,575Net Assets 2024: $29,515,8242024Assets 2025: $58,710,186Liabilities 2025: $25,465,709Net Assets 2025: $33,244,4772025

Highlighted filing

2022

Assets$55,032,541
Liabilities$28,941,472
Net Assets$26,091,069
Open 2022 Filing

Operations Trend

Revenue Growth31st percentile

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

$15M$10M$5.0M$0Expenses 2011: $6,944,5022011Revenue 2012: $7,697,169Expenses 2012: $6,861,518Net Income 2012: $835,6512012Revenue 2013: $7,891,715Expenses 2013: $6,583,375Net Income 2013: $1,308,3402013Revenue 2014: $8,305,232Expenses 2014: $6,522,848Net Income 2014: $1,782,3842014Revenue 2015: $7,622,080Expenses 2015: $6,868,231Net Income 2015: $753,8492015Revenue 2016: $7,616,944Expenses 2016: $7,094,536Net Income 2016: $522,4082016Revenue 2017: $8,117,979Expenses 2017: $7,456,651Net Income 2017: $661,3282017Revenue 2018: $8,115,906Expenses 2018: $7,169,777Net Income 2018: $946,1292018Revenue 2019: $7,987,201Expenses 2019: $7,776,030Net Income 2019: $211,1712019Revenue 2020: $8,369,236Expenses 2020: $7,567,989Net Income 2020: $801,2472020Revenue 2021: $9,163,216Expenses 2021: $7,839,225Net Income 2021: $1,323,9912021Revenue 2022: $9,493,610Expenses 2022: $8,704,785Net Income 2022: $788,8252022Revenue 2023: $9,985,158Expenses 2023: $9,426,652Net Income 2023: $558,5062023Revenue 2024: $10,500,578Expenses 2024: $8,763,007Net Income 2024: $1,737,5712024Revenue 2025: $10,872,042Expenses 2025: $7,958,618Net Income 2025: $2,913,4242025

Highlighted filing

2022

Revenue$9,493,610
Expenses$8,704,785
Net Income$788,825
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 21, 2022
Return Version
2021v4.0
Gross Receipts
$9,493,610
Mission and Program Overview

Mission

Rural electricity distribution

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$45,193,514$45,633,267▲ $439,753
Rtn Earn Endowment Incm Other Fnds$24,379,434$26,057,739▲ $1,678,305
Cash and Non-Interest-Bearing Accounts$1,898,958$3,334,034▲ $1,435,076
Accounts Receivable$2,070,980$2,746,297▲ $675,317
Investments Other Securities$1,513,980$1,557,717▲ $43,737
Savings and Temporary Cash Investments$1,216,066$807,387▼ $408,679
Prepaid Expenses and Deferred Charges$413,556$748,580▲ $335,024
Inventories for Sale or Use$134,606$205,259▲ $70,653
Cap Stk Tr Prin Current Funds$33,325$33,330▲ $5
Total Assets$52,441,660$55,032,541▲ $2,590,881
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,660,769$17,114,464▲ $453,695
Accounts Payable and Accrued Expenses$5,724,435$7,005,881▲ $1,281,446
Other Liabilities$5,643,697$4,821,127▼ $822,570
Total Liabilities$28,028,901$28,941,472▲ $912,571
Net Assets / Fund Balance
Total Net Assets Fund Balance$24,412,759$26,091,069▲ $1,678,310
Total Liabilities and Net Assets / Fund Balance$52,441,660$55,032,541▲ $2,590,881

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$45,633,267$21,755,998$67,389,265
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mark StocktonGeneral ManaFT$167,006$167,006
Mark StocktonGeneral Manager-$167,006$167,006
Doyle TaylorTrustee-$8,420$8,420
Bobby HooperTrustee-$8,300$8,300
Donna HesterTrustee-$8,300$8,300
James MckinneyTrustee-$8,300$8,300
Jimmy MontgomeryTrustee-$8,300$8,300
John ShewbertTrustee-$8,300$8,300
Roger BoydTrustee-$8,300$8,300
Stanley HollandTrustee-$8,300$8,300
Steve McguireTrustee-$7,920$7,920
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,397,952
Investment Income
$95,658
Other Revenue
$0
Change in Net Assets
$788,825

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,493,610
Total Revenue per Audited Statements
$9,493,610
Total Revenue per Form 990
$9,493,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,412,964
Salaries, Compensation, and Employee Benefits$291,821
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$2,425,393
Interest---$812,682
Other Expenses---$602,130
Other Salaries and Wages---$291,821
Total Functional Expenses$0$0$0$8,704,785

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,704,785
Total Expenses per Audited Statements$8,704,785
Total Expenses per Form 990$8,704,785
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
Accrued Post Retirement Benefits$4,706,901
Conservation - Tva$114,226
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 6

“Everyone who receives service from the cooperative is a member of the cooperative.”

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

“The governing body is elected by the members of the cooperative.”

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

“The form 990 is reviewed by the general manager and accountant.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Franklin Electric Cooperative
EIN
63-0253927
Phone
2563322730
Address
PO BOX 10, RUSSELLVILLE, AL 35653-0010

Signing Officer

Name
Mark Stockton
Title
General Manager
Phone
2563322730
Signed
2022-10-21

Organization Details

Principal Officer
Mark Stockton
Formed
1945
Legal Domicile
Al
Voting Board Members
9
Independent Board Members
9
Employees
24

Preparer

Firm
Wear Howell Strickland Quinn &lawllc
Address
1323 STRATFORD RD SE, DECATUR, AL 35601-6017
Preparer
Steven R Strickland
Phone
2563538902
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Electric utility cooperative”

Form 990, Part XI, Line 9

“Changes in accumulated other comprehensive income 889,480 changes in investment of members 5 total 889,485”

Raw XML Appendix342 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05724435
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07005881
IRS990/AccountsReceivableGrp/BOYAmt02070980
IRS990/AccountsReceivableGrp/EOYAmt02746297
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0RURAL ELECTRICITY DISTRIBUTION
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0MARK STOCKTON
IRS990/BooksInCareOfDetail/PhoneNum02563322730
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 10
IRS990/BooksInCareOfDetail/USAddress/CityNm0RUSSELLVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd035653
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt033325
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt033330
IRS990/CashNonInterestBearingGrp/BOYAmt01898958
IRS990/CashNonInterestBearingGrp/EOYAmt03334034
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt095658
IRS990/CYOtherExpensesAmt08412964
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt09397952
IRS990/CYRevenuesLessExpensesAmt0788825
IRS990/CYSalariesCompEmpBnftPaidAmt0291821
IRS990/CYTotalExpensesAmt08704785
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt09493610
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt02425393
IRS990/Desc0ELECTRIC UTILITY COOPERATIVE
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt024
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt08704785
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0MARK STOCKTON
IRS990/Form990PartVIISectionAGrp/PersonNm1DOYLE TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm2ROGER BOYD
IRS990/Form990PartVIISectionAGrp/PersonNm3STANLEY HOLLAND
IRS990/Form990PartVIISectionAGrp/PersonNm4BOBBY HOOPER
IRS990/Form990PartVIISectionAGrp/PersonNm5DONNA HESTER
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMES MCKINNEY
IRS990/Form990PartVIISectionAGrp/PersonNm7JIMMY MONTGOMERY
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN SHEWBERT
IRS990/Form990PartVIISectionAGrp/PersonNm9STEVE MCGUIRE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0167006
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt28300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt38300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt48300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt58300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt68300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt78300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt88300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt97920
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0GENERAL MANA
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01945
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt09493610
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt0812682
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0134606
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0205259
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt095658
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt095658
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01513980
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01557717
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt021755998
IRS990/LandBldgEquipBasisNetGrp/BOYAmt045193514
IRS990/LandBldgEquipBasisNetGrp/EOYAmt045633267
IRS990/LandBldgEquipCostOrOtherBssAmt067389265
IRS990/LegalDomicileStateCd0AL
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0RURAL ELECTRICITY DISTRIBUTION
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt016660769
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt017114464
IRS990/NetAssetsOrFundBalancesBOYAmt024412759
IRS990/NetAssetsOrFundBalancesEOYAmt026091069
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0889485
IRS990/OtherExpensesGrp/Desc0DISTRIBUTION EXPENSE
IRS990/OtherExpensesGrp/Desc1MAINTENANCE EXPENSE
IRS990/OtherExpensesGrp/Desc2CUSTOMER SERVICE
IRS990/OtherExpensesGrp/Desc3GENERAL EXPENSE
IRS990/OtherExpensesGrp/TotalAmt01989232
IRS990/OtherExpensesGrp/TotalAmt11423963
IRS990/OtherExpensesGrp/TotalAmt21159564
IRS990/OtherExpensesGrp/TotalAmt3602130
IRS990/OtherLiabilitiesGrp/BOYAmt05643697
IRS990/OtherLiabilitiesGrp/EOYAmt04821127
IRS990/OtherOrganizationDsc0COOPERATIVE
IRS990/OtherSalariesAndWagesGrp/TotalAmt0291821
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0413556
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0748580
IRS990/PrincipalOfficerNm0MARK STOCKTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0NET OF POWER PURCHASED
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09397952
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09397952
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ELECTRIC UTILITY COOPERATIVE
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0102481
IRS990/PYOtherExpensesAmt07585398
IRS990/PYProgramServiceRevenueAmt09060735
IRS990/PYRevenuesLessExpensesAmt01323991
IRS990/PYSalariesCompEmpBnftPaidAmt0253827
IRS990/PYTotalExpensesAmt07839225
IRS990/PYTotalRevenueAmt09163216
IRS990/ReconcilationRevenueExpnssAmt0788825
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt024379434
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt026057739
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01216066
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0807387
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt045633267
IRS990ScheduleD/BuildingsGrp/DepreciationAmt021755998
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt067389265
IRS990ScheduleD/ExpensesSubtotalAmt08704785
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04706901
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1114226
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED POST RETIREMENT BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CONSERVATION - TVA
IRS990ScheduleD/RevenueSubtotalAmt09493610
IRS990ScheduleD/TotalBookValueLandBuildingsAmt045633267
IRS990ScheduleD/TotalExpensesPerForm990Amt08704785
IRS990ScheduleD/TotalLiabilityAmt04821127
IRS990ScheduleD/TotalRevenuePerForm990Amt09493610
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09493610
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08704785
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0167006
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARK STOCKTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0167006
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ELECTRIC UTILITY COOPERATIVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVERYONE WHO RECEIVES SERVICE FROM THE COOPERATIVE IS A MEMBER OF THE COOPERATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY IS ELECTED BY THE MEMBERS OF THE COOPERATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY THE GENERAL MANAGER AND ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME 889,480 CHANGES IN INVESTMENT OF MEMBERS 5 TOTAL 889,485
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt052441660
IRS990/TotalAssetsEOYAmt055032541
IRS990/TotalAssetsGrp/BOYAmt052441660
IRS990/TotalAssetsGrp/EOYAmt055032541
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt08704785
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt028028901
IRS990/TotalLiabilitiesEOYAmt028941472
IRS990/TotalLiabilitiesGrp/BOYAmt028028901
IRS990/TotalLiabilitiesGrp/EOYAmt028941472
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt024412759
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt026091069
IRS990/TotalProgramServiceExpensesAmt08704785
IRS990/TotalProgramServiceRevenueAmt09397952
IRS990/TotalReportableCompFromOrgAmt0241446
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09493610
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09493610
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt052441660
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt055032541
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 10
IRS990/USAddress/CityNm0RUSSELLVILLE
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035653
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK STOCKTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum02563322730
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN ELECTRIC COOPERATIVE
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0630253927
ReturnHeader/Filer/PhoneNum02563322730
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 10
ReturnHeader/Filer/USAddress/CityNm0RUSSELLVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd0356530010
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0630510739
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEAR HOWELL STRICKLAND QUINN &LAWLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01323 STRATFORD RD SE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DECATUR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0356016017
ReturnHeader/PreparerPersonGrp/PhoneNum02563538902
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN R STRICKLAND
ReturnHeader/ReturnTs02022-11-17T16:22:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STOCKTON
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,032,541
Liabilities
$28,941,472
Net assets
$26,091,069
Revenue
$9,493,610
Expenses
$8,704,785
Net income
$788,825
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$58.7$25.5$33.2$10.9$7.96$2.91
2024Detailed filing. Detailed filing data is available for this year.$55.9$26.4$29.5$10.5$8.76$1.74
2023Detailed filing. Detailed filing data is available for this year.$54.4$27.1$27.4$9.99$9.43$0.56
2022Detailed filing. Detailed filing data is available for this year.$55.0$28.9$26.1$9.49$8.70$0.79
2021Detailed filing. Detailed filing data is available for this year.$52.4$28.0$24.4$9.16$7.84$1.32
2020Detailed filing. Detailed filing data is available for this year.$51.7$28.9$22.8$8.37$7.57$0.80
2019Detailed filing. Detailed filing data is available for this year.$51.7$29.7$22.0$7.99$7.78$0.21
2018Detailed filing. Detailed filing data is available for this year.$53.1$30.4$22.7$8.12$7.17$0.95
2017Detailed filing. Detailed filing data is available for this year.$50.2$29.0$21.2$8.12$7.46$0.66
2016Detailed filing. Detailed filing data is available for this year.$51.0$30.7$20.3$7.62$7.09$0.52
2015Detailed filing. Detailed filing data is available for this year.$50.3$29.5$20.8$7.62$6.87$0.75
2014Detailed filing. Detailed filing data is available for this year.$49.5$28.8$20.7$8.31$6.52$1.78
2013Summary only. Only limited summary data is available for this year.$48.1$29.2$18.9$7.89$6.58$1.31
2012Summary only. Only limited summary data is available for this year.$47.1$29.6$17.6$7.70$6.86$0.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.1$31.3$16.7$6.94