Civic Intelligence

Rich Mountain Electric Cooperative Inc

990 • Fiscal year 2017 • EIN 71-0207627

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 24, 2018

Organization Profilewww.rmec.com
PO Box 897Mena, AR 71953

(479) 394-4140

Siviq Scores

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

Liabilities / Assets

86th percentile

0.65x

Higher debt load relative to assets than 86% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

2.84x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Net Margin

84th percentile

6.4%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

24th percentile

$197,392

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Asset Growth

17th percentile

-0.3%

Faster asset growth than 17% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

6.7%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$68,474,354

Down $188,445 (-0.3%) from 2016

Net Assets

Up

$23,639,129

Up $1,572,922 (+7.1%) from 2016

Liabilities

Down

$44,835,225

Down $1,761,367 (-3.8%) from 2016

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin84th percentile

Revenue

Up

$15,764,736

Up $993,278 (+6.7%) from 2016

Expenses

Up

$14,752,323

Up $655,002 (+4.6%) from 2016

Net Income

Up

$1,012,413

Up $338,276 (+50%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$100M$50M$0Assets 2011: $48,816,463Liabilities 2011: $29,913,557Net Assets 2011: $18,902,9062011Assets 2012: $51,314,701Liabilities 2012: $32,160,338Net Assets 2012: $19,154,3632012Assets 2013: $55,628,614Liabilities 2013: $35,687,252Net Assets 2013: $19,941,3622013Assets 2014: $57,568,715Liabilities 2014: $36,678,380Net Assets 2014: $20,890,3352014Assets 2015: $63,758,622Liabilities 2015: $42,366,210Net Assets 2015: $21,392,4122015Assets 2016: $68,662,799Liabilities 2016: $46,596,592Net Assets 2016: $22,066,2072016Assets 2017: $68,474,354Liabilities 2017: $44,835,225Net Assets 2017: $23,639,1292017Assets 2018: $70,254,335Liabilities 2018: $44,988,094Net Assets 2018: $25,266,2412018Assets 2019: $73,856,381Liabilities 2019: $47,692,763Net Assets 2019: $26,163,6182019Assets 2020: $77,447,823Liabilities 2020: $50,046,760Net Assets 2020: $27,401,0632020Assets 2021: $79,572,118Liabilities 2021: $51,459,586Net Assets 2021: $28,112,5322021Assets 2022: $85,801,717Liabilities 2022: $56,874,792Net Assets 2022: $28,926,9252022Assets 2023: $90,461,275Liabilities 2023: $58,534,085Net Assets 2023: $31,927,1902023Assets 2024: $90,500,667Liabilities 2024: $56,292,506Net Assets 2024: $34,208,1612024

Highlighted filing

2017

Assets$68,474,354
Liabilities$44,835,225
Net Assets$23,639,129
Open 2017 Filing

Operations Trend

Revenue Growth81st percentile

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

$30M$20M$10M$0Expenses 2011: $12,690,7972011Expenses 2012: $12,952,8402012Revenue 2013: $14,578,660Expenses 2013: $13,789,871Net Income 2013: $788,7892013Revenue 2014: $14,524,192Expenses 2014: $13,575,997Net Income 2014: $948,1952014Revenue 2015: $14,347,504Expenses 2015: $13,846,140Net Income 2015: $501,3642015Revenue 2016: $14,771,458Expenses 2016: $14,097,321Net Income 2016: $674,1372016Revenue 2017: $15,764,736Expenses 2017: $14,752,323Net Income 2017: $1,012,4132017Revenue 2018: $17,308,822Expenses 2018: $15,713,874Net Income 2018: $1,594,9482018Revenue 2019: $17,300,960Expenses 2019: $16,403,114Net Income 2019: $897,8462019Revenue 2020: $17,249,861Expenses 2020: $16,076,180Net Income 2020: $1,173,6812020Revenue 2021: $20,751,481Expenses 2021: $20,073,580Net Income 2021: $677,9012021Revenue 2022: $23,041,846Expenses 2022: $22,263,972Net Income 2022: $777,8742022Revenue 2023: $21,911,930Expenses 2023: $18,944,672Net Income 2023: $2,967,2582023Revenue 2024: $21,957,285Expenses 2024: $19,702,945Net Income 2024: $2,254,3402024

Highlighted filing

2017

Revenue$15,764,736
Expenses$14,752,323
Net Income$1,012,413
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 24, 2018
Return Version
2017v2.3
Gross Receipts
$15,768,526
Mission and Program Overview

Mission

Rich mountain electric cooperative inc. Is a member owned electric distribution cooperative established to provide electric service to its members at the lowest possible cost. This includes assisting its members in finding ways to improve energy efficiency at their home or business.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$55,002,627$56,236,084▲ $1,233,457
Pd in Cap Srpls Land Bldg Eqp Fund$22,004,497$23,576,889▲ $1,572,392
Investments Program Related$6,790,127$6,794,305▲ $4,178
Accounts Receivable$2,286,008$2,510,811▲ $224,803
Savings and Temporary Cash Investments$3,920,682$2,262,831▼ $1,657,851
Inventories for Sale or Use$429,398$415,799▼ $13,599
Prepaid Expenses and Deferred Charges$141,965$147,060▲ $5,095
Cash and Non-Interest-Bearing Accounts$91,992$107,464▲ $15,472
Cap Stk Tr Prin Current Funds$61,710$62,240▲ $530
Total Assets$68,662,799$68,474,354▼ $188,445
Liabilities
Mortgage Notes Payable Secured by Investment Property$44,146,569$42,773,607▼ $1,372,962
Other Liabilities$1,542,068$1,078,918▼ $463,150
Accounts Payable and Accrued Expenses$907,955$982,700▲ $74,745
Total Liabilities$46,596,592$44,835,225▼ $1,761,367
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,066,207$23,639,129▲ $1,572,922
Total Liabilities and Net Assets / Fund Balance$68,662,799$68,474,354▼ $188,445

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$305--
Buildings$741,615$1,035,440-
Other Land Buildings$52,758,857$17,170,027-
Land$372,007--
Equipment$2,363,605$3,300,057-
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Gerald L PhilpotCEOFT$197,392$197,392
Buddy NewboldtDirectorPT$41,546$41,546
Mark RobbinsTreasurerPT$41,146$41,146
Danny HansbroughDirectorPT$37,946$37,946
Gary BeardenDirectorPT$37,796$37,796
Larry DunawayDirectorPT$34,346$34,346
Hershel BellDirectorPT$33,146$33,146
Jerry JacobsBoard ChairmPT$32,896$32,896
George TilleyDirectorPT$31,546$31,546
Betty SmithDirectorPT$26,666$26,666
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$14,921,175
Investment Income
$414,634
Other Revenue
$428,927
Change in Net Assets
$1,012,413

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,764,736
Total Revenue per Audited Statements
$15,764,736
Total Revenue per Form 990
$15,764,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,546,699
Salaries, Compensation, and Employee Benefits$905,624
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,197,062--$2,197,062
Interest$1,597,650--$1,597,650
All Other Expenses$550,407--$550,407
Current Officers, Directors, Trustees, and Key Employees$514,426--$514,426
Other Expenses$509,977--$509,977
Other Salaries and Wages$391,198--$391,198
Benefits to Members$300,000--$300,000
Fees for Services Legal$29,349--$29,349
Fees for Services Accounting$28,495--$28,495
Total Functional Expenses$14,752,323$0$0$14,752,323

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,752,323
Total Expenses per Audited Statements$14,752,323
Total Expenses per Form 990$14,752,323
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 Property Taxes$479,366
Customer Deposits$296,062
Cusotmer Advance for Constr$120,591
Accrued Sick & Vacation Leave$92,486
Sales & Payroll Tax Payble$52,161
Patronage Capital Payable$29,824
Interest Payable$8,428
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“As a cooperative,all of individuals or businesses that are provided electric service through the coop are members of the coop”

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

“All board members are elected by the cooperative's members”

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

“The coop's ceo and board chairman review and discuss the contents of form 990 prior to it being filed.”

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

“The cooperative's ceo is given a performance valuation by the board on an annual basis.”

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

“Each employee receives an annual performance evaluation by the ceo at which time their annual compensation is reviewed. All results are documented in the employees' files”

Form 990, Page 6, Part VI, Line 19

“A copy of the by-laws are given to each member when they join the cooperative and the by-laws are published annually in the coop's rural arkansas magazine which is distributed to all members. A copy of the annual audited financial statements are available for inspection for all members at the cooperative's business office during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Rich Mountain Electric Cooperative
EIN
71-0207627
Phone
4793944140
Address
PO BOX 897, MENA, AR 71953

Signing Officer

Name
Gerald L Philpot
Title
CEO
Phone
4793944140
Signed
2018-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Jacobs
Formed
1945
Legal Domicile
Ar
Voting Board Members
9
Independent Board Members
9
Employees
30

Preparer

Firm
Thessing and Associates Ltd
Address
9772 MAUMELLE BLVD, N LITTLE ROCK, AR 72113
Preparer
John Thessing
Phone
5015371010
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Rich mountain electric cooperative inc. Is a member owned electric distribution cooperative established to provide electric service to its members at the lowest possible cost. This includes assisting its members in finding ways to improve energy efficiency at their home or business.”

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

“Rich mountain electric cooperative provides electric service to all of its members at the lowest cost and offers energy efficiency programs to all of its members.”

Form 990, Part XI, Line 9

“Increase in memberships 530 increase in donated capital 335 retired capital credits -gain 559,644 total 560,509”

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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt056542
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0560509
IRS990/OtherExpensesGrp/Desc0COST OF POWER PURCHASED
IRS990/OtherExpensesGrp/Desc1CONSUMER ACCOUNTS
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE & GENERAL
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION OPERATIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt07300627
IRS990/OtherExpensesGrp/ProgramServicesAmt1807916
IRS990/OtherExpensesGrp/ProgramServicesAmt2525216
IRS990/OtherExpensesGrp/ProgramServicesAmt3509977
IRS990/OtherExpensesGrp/TotalAmt07300627
IRS990/OtherExpensesGrp/TotalAmt1807916
IRS990/OtherExpensesGrp/TotalAmt2525216
IRS990/OtherExpensesGrp/TotalAmt3509977
IRS990/OtherLiabilitiesGrp/BOYAmt01542068
IRS990/OtherLiabilitiesGrp/EOYAmt01078918
IRS990/OtherRevenueMiscGrp/Desc0CAPITAL CREDITS RECEIVED
IRS990/OtherRevenueMiscGrp/ExclusionAmt0371726
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0371726
IRS990/OtherRevenueTotalAmt0371726
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0391198
IRS990/OtherSalariesAndWagesGrp/TotalAmt0391198
IRS990/OtherSourcesGrossIncomeAmt0842902
IRS990/PartialLiquidationInd0false
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt022004497
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt023576889
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0141965
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0147060
IRS990/PrincipalOfficerNm0JERRY JACOBS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC ENERGY SALES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt014921175
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014921175
IRS990/ProgSrvcAccomActyOtherGrp/Desc0RICH MOUNTAIN ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICE TO ALL OF ITS MEMBERS AT THE LOWEST COST AND OFFERS ENERGY EFFICIENCY PROGRAMS TO ALL OF ITS MEMBERS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0543775
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0300000
IRS990/PYInvestmentIncomeAmt0381871
IRS990/PYOtherExpensesAmt012955883
IRS990/PYOtherRevenueAmt0237173
IRS990/PYProgramServiceRevenueAmt014152414
IRS990/PYRevenuesLessExpensesAmt0674137
IRS990/PYSalariesCompEmpBnftPaidAmt0841438
IRS990/PYTotalExpensesAmt014097321
IRS990/PYTotalRevenueAmt014771458
IRS990/ReconcilationRevenueExpnssAmt01012413
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt056542
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03920682
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02262831
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0741615
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01035440
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01777055
IRS990ScheduleD/EquipmentGrp/BookValueAmt02363605
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03300057
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt05663662
IRS990ScheduleD/ExpensesSubtotalAmt014752323
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05302962
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1727212
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2499730
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3179043
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt467350
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt515932
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt61000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt7771
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt8305
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0ARK ELECTRIC COOP CORP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1ARK ELECTRIC COOP INC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2NATL RURAL UTIL CORP FIN CO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3FEDERATED RURAL ELECTRIC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4NATL INFORMATION SOLUTIONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5ARK RURAL ELECT SELF INS TR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6NATL RURAL TELEPHONE COOP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc7POLK COUNTY FARMERS ASSOC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc8OTHER INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd7C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd8C
IRS990ScheduleD/LandGrp/BookValueAmt0372007
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0372007
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt052758857
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017170027
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt069928884
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0479366
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1296062
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2120591
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt392486
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt452161
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt529824
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt68428
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PROPERTY TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CUSOTMER ADVANCE FOR CONSTR
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED SICK & VACATION LEAVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SALES & PAYROLL TAX PAYBLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5PATRONAGE CAPITAL PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6INTEREST PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt015764736
IRS990ScheduleD/TotalBookValueLandBuildingsAmt056236084
IRS990ScheduleD/TotalBookValueProgramRltdAmt06794305
IRS990ScheduleD/TotalExpensesPerForm990Amt014752323
IRS990ScheduleD/TotalLiabilityAmt01078918
IRS990ScheduleD/TotalRevenuePerForm990Amt015764736
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015764736
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014752323
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0197392
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GERALD L PHILPOT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0197392
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RICH MOUNTAIN ELECTRIC COOPERATIVE INC. IS A MEMBER OWNED ELECTRIC DISTRIBUTION COOPERATIVE ESTABLISHED TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS AT THE LOWEST POSSIBLE COST. THIS INCLUDES ASSISTING ITS MEMBERS IN FINDING WAYS TO IMPROVE ENERGY EFFICIENCY AT THEIR HOME OR BUSINESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RICH MOUNTAIN ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICE TO ALL OF ITS MEMBERS AT THE LOWEST COST AND OFFERS ENERGY EFFICIENCY PROGRAMS TO ALL OF ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS A COOPERATIVE,ALL OF INDIVIDUALS OR BUSINESSES THAT ARE PROVIDED ELECTRIC SERVICE THROUGH THE COOP ARE MEMBERS OF THE COOP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BOARD MEMBERS ARE ELECTED BY THE COOPERATIVE'S MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COOP'S CEO AND BOARD CHAIRMAN REVIEW AND DISCUSS THE CONTENTS OF FORM 990 PRIOR TO IT BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COOPERATIVE'S CEO IS GIVEN A PERFORMANCE VALUATION BY THE BOARD ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EACH EMPLOYEE RECEIVES AN ANNUAL PERFORMANCE EVALUATION BY THE CEO AT WHICH TIME THEIR ANNUAL COMPENSATION IS REVIEWED. ALL RESULTS ARE DOCUMENTED IN THE EMPLOYEES' FILES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7A COPY OF THE BY-LAWS ARE GIVEN TO EACH MEMBER WHEN THEY JOIN THE COOPERATIVE AND THE BY-LAWS ARE PUBLISHED ANNUALLY IN THE COOP'S RURAL ARKANSAS MAGAZINE WHICH IS DISTRIBUTED TO ALL MEMBERS. A COPY OF THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION FOR ALL MEMBERS AT THE COOPERATIVE'S BUSINESS OFFICE DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8INCREASE IN MEMBERSHIPS 530 INCREASE IN DONATED CAPITAL 335 RETIRED CAPITAL CREDITS -GAIN 559,644 TOTAL 560,509
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt068662799
IRS990/TotalAssetsEOYAmt068474354
IRS990/TotalAssetsGrp/BOYAmt068662799
IRS990/TotalAssetsGrp/EOYAmt068474354
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt014752323
IRS990/TotalFunctionalExpensesGrp/TotalAmt014752323
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt046596592
IRS990/TotalLiabilitiesEOYAmt044835225
IRS990/TotalLiabilitiesGrp/BOYAmt046596592
IRS990/TotalLiabilitiesGrp/EOYAmt044835225
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt022066207
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt023639129
IRS990/TotalOtherProgSrvcExpenseAmt0543775
IRS990/TotalProgramServiceExpensesAmt014752323
IRS990/TotalProgramServiceRevenueAmt014921175
IRS990/TotalReportableCompFromOrgAmt0514426
IRS990/TotalRevenueGrp/ExclusionAmt015764736
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt015764736
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt068662799
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt068474354
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0119 JACOBS LOOP
IRS990/USAddress/CityNm0DIERKS
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd071833
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$68,474,354
Liabilities
$44,835,225
Net assets
$23,639,129
Revenue
$15,764,736
Expenses
$14,752,323
Net income
$1,012,413
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.5$56.3$34.2$22.0$19.7$2.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.5$58.5$31.9$21.9$18.9$2.97
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.8$56.9$28.9$23.0$22.3$0.78
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$79.6$51.5$28.1$20.8$20.1$0.68
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$77.4$50.0$27.4$17.2$16.1$1.17
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.9$47.7$26.2$17.3$16.4$0.90
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$70.3$45.0$25.3$17.3$15.7$1.59
2017Detailed filing. Detailed filing data is available for this year.$68.5$44.8$23.6$15.8$14.8$1.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.7$46.6$22.1$14.8$14.1$0.67
2015Detailed filing. Detailed filing data is available for this year.$63.8$42.4$21.4$14.3$13.8$0.50
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.6$36.7$20.9$14.5$13.6$0.95
2013Detailed filing. Detailed filing data is available for this year.$55.6$35.7$19.9$14.6$13.8$0.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.3$32.2$19.2$13.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.8$29.9$18.9$12.7