Civic Intelligence

Bailey County Electric Cooperative Association

990 • Fiscal year 2012 • EIN 75-0124533

Jan 01, 2012 to Dec 31, 2012 • Filed on Sep 23, 2013

Organization ProfileWWW.BCECOOP.COM
PO Box 101379347-1013
Siviq Scores

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

Liabilities / Assets

33rd percentile

0.49x

Higher debt load relative to assets than 33% of similar nonprofits.

2012 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

94th percentile

15%

Faster asset growth than 94% of similar nonprofits.

2012 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$75,202,036

Up $9,883,339 (+15%) from 2011

Net Assets

Up

$38,386,693

Up $2,768,164 (+7.8%) from 2011

Liabilities

Up

$36,815,343

Up $7,115,175 (+24%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$33,707,641

Down $5,652,618 (-14%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$150M$100M$50M$0Assets 2010: $59,704,659Liabilities 2010: $27,560,109Net Assets 2010: $32,144,5502010Assets 2011: $65,318,697Liabilities 2011: $29,700,168Net Assets 2011: $35,618,5292011Assets 2012: $75,202,036Liabilities 2012: $36,815,343Net Assets 2012: $38,386,6932012Assets 2013: $78,556,072Liabilities 2013: $38,716,439Net Assets 2013: $39,839,6332013Assets 2014: $83,844,786Liabilities 2014: $42,326,193Net Assets 2014: $41,518,5932014Assets 2015: $95,048,298Liabilities 2015: $54,261,968Net Assets 2015: $40,786,3302015Assets 2016: $91,177,500Liabilities 2016: $50,459,971Net Assets 2016: $40,717,5292016Assets 2017: $90,929,528Liabilities 2017: $52,040,798Net Assets 2017: $38,888,7302017Assets 2018: $91,064,255Liabilities 2018: $52,056,768Net Assets 2018: $39,007,4872018Assets 2019: $93,867,998Liabilities 2019: $53,718,363Net Assets 2019: $40,149,6352019Assets 2020: $95,983,422Liabilities 2020: $51,464,115Net Assets 2020: $44,519,3072020Assets 2021: $97,646,615Liabilities 2021: $50,694,731Net Assets 2021: $46,951,8842021Assets 2022: $98,320,308Liabilities 2022: $51,762,794Net Assets 2022: $46,557,5142022Assets 2023: $97,666,210Liabilities 2023: $49,750,647Net Assets 2023: $47,915,5632023Assets 2024: $103,011,664Liabilities 2024: $51,890,153Net Assets 2024: $51,121,5112024

Highlighted filing

2012

Assets$75,202,036
Liabilities$36,815,343
Net Assets$38,386,693
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60M$40M$20M$0-$20MExpenses 2010: $28,282,4522010Expenses 2011: $39,360,2592011Expenses 2012: $33,707,6412012Revenue 2013: $35,671,635Expenses 2013: $35,671,635Net Income 2013: $02013Revenue 2014: $36,659,537Expenses 2014: $36,659,537Net Income 2014: $02014Revenue 2015: $29,778,409Expenses 2015: $29,778,409Net Income 2015: $02015Revenue 2016: $29,956,938Expenses 2016: $29,956,938Net Income 2016: $02016Revenue 2017: $28,062,350Expenses 2017: $29,866,428Net Income 2017: -$1,804,0782017Revenue 2018: $31,573,513Expenses 2018: $31,261,731Net Income 2018: $311,7822018Revenue 2019: $31,519,739Expenses 2019: $30,462,816Net Income 2019: $1,056,9232019Revenue 2020: $36,800,997Expenses 2020: $34,361,785Net Income 2020: $2,439,2122020Revenue 2021: $39,668,293Expenses 2021: $39,038,401Net Income 2021: $629,8922021Revenue 2022: $43,773,512Expenses 2022: $43,773,512Net Income 2022: $02022Revenue 2023: $37,826,466Expenses 2023: $37,301,466Net Income 2023: $525,0002023Revenue 2024: $33,441,859Expenses 2024: $33,441,859Net Income 2024: $02024

Highlighted filing

2012

Revenue-
Expenses$33,707,641
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Sep 23, 2013
Return Version
2012v2.1
Gross Receipts
$33,724,499
Mission and Program Overview

Mission

The cooperative's responsibility and aim is to provide excellent and innovative customer service as reflected in top quality electric service reliability, affordable rates, employee teamwork and the highest degree of integrity in all cooperative endeavors.

Filing and Contact Details

Filer

EIN
75-0124533
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED A RURAL SCHOLARSHIP FUND WITH RETIREMENTS OF PATRONAGE CAPITAL, WHICH HAVE REMAINED UNCLAIMED FOR A PERIOD OF THREE YEARS. THE AMOUNTS DEPOSITED INTO THE RURAL SCHOLARSHIP FUND ARE APPROVED BY THE STATE OF TEXAS AND CAN ONLY BE USED FOR SCHOLARSHIPS TO ENABLE STUDENTS FROM RURAL AREAS TO ATTEND COLLEGE, TECHNICAL SCHOOL OR OTHER POST SECONDARY EDUCATION INSTITUTION. ANY AMOUNTS SO DEPOSITED INTO THE RURAL SCHOLARSHIP FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED. ALSO PURSUANT TO SECTION 74.3013 OF THE TEXAS PROPERTY CODE, THE COOPERATIVE HAS ESTABLISHED AN ECONOMIC DEVELOPMENT FUND WITH RETIREMENTS OF PATRONAGE CAPITAL, WHICH HAVE REMAINED UNCLAIMED FOR A PERIOD OF THREE YEARS. THE AMOUNTS DEPOSITED INTO THE ECONOMIC DEVELOPMENT FUND ARE APPROVED BY THE STATE OF TEXAS AND CAN ONLY BE USED FOR THE STIMULATION AND IMPROVEMENT OF BUSINESS AND COMMERCIAL ACTIVITY FOR ECONOMIC DEVELOPMENT IN RURAL COMMUNITIES. ANY AMOUNTS SO DEPOSITED INTO THE ECONOMIC DEVELOPMENT FUND ARE STILL PAYABLE TO THE PERSON TO WHOM THE ORIGINAL PAYMENT WAS MADE BUT UNCLAIMED.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1ON JANUARY 1, 2009, THE COOPERATIVE ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS THEIR FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE, AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES.
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IRS990ScheduleD/Land/OtherCostOrOtherBasis0248332
IRS990ScheduleD/OtherAssets/BookValue09220
IRS990ScheduleD/OtherAssets/BookValue14016510
IRS990ScheduleD/OtherAssets/Description0OTHER CURRENT AND ACCRUED ASSETS
IRS990ScheduleD/OtherAssets/Description1DEFERRED DEBITS
IRS990ScheduleD/OtherLandBuildings/BookValue01801459
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis01801459
IRS990ScheduleD/OtherLiabilities/Amount033444
IRS990ScheduleD/OtherLiabilities/Amount17962895
IRS990ScheduleD/OtherLiabilities/Amount278044
IRS990ScheduleD/OtherLiabilities/Amount3500703
IRS990ScheduleD/OtherLiabilities/Amount49487
IRS990ScheduleD/OtherLiabilities/Description0CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilities/Description1POWER COST - OVERBILLED
IRS990ScheduleD/OtherLiabilities/Description2ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilities/Description3ACCRUED EMPLOYEE COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilities/Description4ACCRUED TAXES
IRS990ScheduleD/TotalBookValueOtherAssets04025730
IRS990ScheduleD/TotalOfAmounts08584573
IRS990ScheduleD/TotalOfBookValueLandBuildings045018368
IRS990ScheduleD/TotalOfBookValueProgramRelated020671027
IRS990ScheduleJ/BoardOrCommitteeApproval0X
IRS990ScheduleJ/CompensationSurvey0X
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg0107518
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg051023
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0Part II, Column C INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. DAVID MARRICLE ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $46,590 401(K) EMPLOYER MATCH 4,433 TOTAL COLUMN C: 51,023 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (46,590) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 20,735 TOTAL COOPERATIVE CASH CONTRIBUTION $25,168
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0Supplemental Information
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0Part III
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0DAVID MARRICLE
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg022578
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg05265
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/Title0PRESIDENT/CEO
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg0186384
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SubstantiationRequired01
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleJ/TravelForCompanions0X
IRS990ScheduleJ/WrittenPolicyReTAndEExpenses01
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction058069
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0RYAN IS AN EMPLOYEE OF THE COOPERATIVE.
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0RYAN MARRICLE
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0RYAN HAS A FAMILY RELATIONSHIP WITH THE PRESIDENT/CEO DAVID MARRICLE.
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues00
IRS990ScheduleO/GeneralExplanation/Explanation0THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. THE DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS; 2. THE DISSOLUTION/LIQUIDATION OF THE COOPERATIVE; AND 3. THE MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation3FROM TIME TO TIME THE ENTIRE BOARD WILL GO INTO EXECUTIVE SESSION FOR DISCUSSING ITEMS OF A SENSITIVE AND CONFIDENTIAL NATURE. WHEN THIS OCCURS MANAGEMENT AND OTHERS IN ATTENDANCE ARE REMOVED FROM THE MEETING ROOM. ITEMS DISCUSSED IN EXECUTIVE SESSION ARE NOT DOCUMENTED. HOWEVER, ACTIONS TAKEN BY THE BOARD AFTER EXECUTIVE SESSIONS ARE ADJOURNED ARE FULLY DOCUMENTED IN THE WRITTEN MINUTES.
IRS990ScheduleO/GeneralExplanation/Explanation4MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION, REVIEW AND APPROVAL PRIOR TO FILING. THE DISCUSSION AND REVIEW WAS PERFORMED AT THE BOARD MEETING IMMEDIATELY BEFORE FILING THE FORM 990.
IRS990ScheduleO/GeneralExplanation/Explanation5ALL NEW EMPLOYEES AND DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST CERTIFICATION WHEN THEY BEGIN EMPLOYMENT WITH THE COOPERATIVE. ALL EMPLOYEES, DIRECTORS AND OFFICERS ARE REQUIRED TO REVIEW AND BE FAMILIAR WITH THE POLICIES OUTLINED IN THE COOPERATIVE'S CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE FULL BOARD OF DIRECTORS AS SOON AS POSSIBLE. THE PRESIDENT/CEO REGULARLY THE MONITORS AND ENFORCES THIS POLICY.
IRS990ScheduleO/GeneralExplanation/Explanation6THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER. THE SURVEY SHOWS COMPARATIVE SALARIES FOR GENERAL MANAGERS FROM COOPERATIVES LOCATED IN TEXAS AND THE NATION. THE BOARD AND THE GENERAL MANAGER USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILAR COOPERATIVES THROUGHOUT TEXAS AND THE NATION.
IRS990ScheduleO/GeneralExplanation/Explanation7THE COOPERATIVE PROVIDES A SUMMARIZED COPY OF THE AUDITED FINANCIAL STATEMENTS TO THE MEMBERS OF THE COOPERATIVE AT THE ANNUAL MEETING. A COPY OF THE COOPERATIVE BY-LAWS ARE PROVIDED (1) TO EVERY NEW MEMBER AT THE TIME OF THEIR MEMBERSHIP 2) TO ALL MEMBERS WHEN AN ADMENDMENT IS MADE TO THE COOPERATIVE BY-LAWS, AND (3) ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE. THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF THE AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, OR GOVERNING DOCUMENTS TO ANY MEMBER WHO REQUESTS A COPY.
IRS990ScheduleO/GeneralExplanation/Explanation8THE COOPERATIVE HAS 7 BOARD MEMBERS; ALL 7 ARE ALLOWED TO VOTE, HOWEVER THE BOARD PRESIDENT VOTES ONLY IN THE CASE OF A TIE.
IRS990ScheduleO/GeneralExplanation/Explanation9IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. AS PART OF THE PLAN DOCUMENT, THE COOPERATIVE PROVIDES A MATCHING CONTRIBUTION FROM 1% TO 4% OF A PARTICIPATING EMPLOYEE'S BASE SALARY. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH AND LIFE INSURANCE TO ALL EMPLOYEES, INCLUDING OFFICERS, THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICER IS COMPRISED OF THE ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN FOR THE OFFICER, THE TOTAL AMOUNT CONTRIBUTED TO THE 401(K) PENSION PLAN AND THE INSURANCE PREMIUMS PAID FOR THE BENEFIT OF THE OFFICER.
IRS990ScheduleO/GeneralExplanation/Explanation10THE BOARD OF DIRECTORS CONSIDERS THE PRESIDENT/CEO TO BE BOTH THE TOP MANAGEMENT OFFICIAL AND THE TOP FINANCIAL OFFICIAL. THEREFORE, ONLY THE PRESIDENT/CEO IS LISTED AS AN EMPLOYEE OFFICER.

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$75,202,036
Liabilities
$36,815,343
Net assets
$38,386,693
Revenue
-
Expenses
$33,707,641
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$103$51.9$51.1$33.4$33.4$0.00
2023Detailed filing. Detailed filing data is available for this year.$97.7$49.8$47.9$37.8$37.3$0.53
2022Detailed filing. Detailed filing data is available for this year.$98.3$51.8$46.6$43.8$43.8$0.00
2021Detailed filing. Detailed filing data is available for this year.$97.6$50.7$47.0$39.7$39.0$0.63
2020Detailed filing. Detailed filing data is available for this year.$96.0$51.5$44.5$36.8$34.4$2.44
2019Detailed filing. Detailed filing data is available for this year.$93.9$53.7$40.1$31.5$30.5$1.06
2018Detailed filing. Detailed filing data is available for this year.$91.1$52.1$39.0$31.6$31.3$0.31
2017Detailed filing. Detailed filing data is available for this year.$90.9$52.0$38.9$28.1$29.9$1.80
2016Detailed filing. Detailed filing data is available for this year.$91.2$50.5$40.7$30.0$30.0$0.00
2015Detailed filing. Detailed filing data is available for this year.$95.0$54.3$40.8$29.8$29.8$0.00
2014Detailed filing. Detailed filing data is available for this year.$83.8$42.3$41.5$36.7$36.7$0.00
2013Detailed filing. Detailed filing data is available for this year.$78.6$38.7$39.8$35.7$35.7$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.2$36.8$38.4$33.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.3$29.7$35.6$39.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.7$27.6$32.1$28.3