Civic Intelligence

Deaf Smith Electric Cooperative Inc

990 • Fiscal year 2011 • EIN 75-0230385

Jan 01, 2011 to Dec 31, 2011 • Filed on Oct 29, 2012

Organization ProfileWWW.DEAFSMITH.COOP
PO Box 75379045
Siviq Scores

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

Liabilities / Assets

7th percentile

0.23x

Higher debt load relative to assets than 7% of similar nonprofits.

2011 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

81st percentile

7.8%

Faster asset growth than 81% of similar nonprofits.

2011 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$95,358,139

Up $6,899,764 (+7.8%) from 2010

Net Assets

Up

$72,963,594

Up $8,032,819 (+12%) from 2010

Liabilities

Down

$22,394,545

Down $1,133,055 (-4.8%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$76,023,789

Up $25,347,029 (+50%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$150M$100M$50M$0Assets 2010: $88,458,375Liabilities 2010: $23,527,600Net Assets 2010: $64,930,7752010Assets 2011: $95,358,139Liabilities 2011: $22,394,545Net Assets 2011: $72,963,5942011Assets 2012: $102,614,086Liabilities 2012: $22,863,585Net Assets 2012: $79,750,5012012Assets 2013: $107,311,063Liabilities 2013: $22,877,430Net Assets 2013: $84,433,6332013Assets 2014: $109,487,113Liabilities 2014: $20,964,055Net Assets 2014: $88,523,0582014Assets 2015: $114,672,121Liabilities 2015: $24,474,707Net Assets 2015: $90,197,4142015Assets 2016: $110,808,275Liabilities 2016: $18,932,049Net Assets 2016: $91,876,2262016Assets 2017: $109,041,231Liabilities 2017: $17,570,681Net Assets 2017: $91,470,5502017Assets 2018: $109,405,149Liabilities 2018: $16,516,293Net Assets 2018: $92,888,8562018Assets 2019: $121,498,916Liabilities 2019: $20,993,504Net Assets 2019: $100,505,4122019Assets 2020: $122,883,212Liabilities 2020: $21,057,613Net Assets 2020: $101,825,5992020Assets 2021: $131,981,381Liabilities 2021: $22,598,947Net Assets 2021: $109,382,4342021Assets 2022: $130,870,300Liabilities 2022: $20,916,838Net Assets 2022: $109,953,4622022Assets 2023: $136,454,276Liabilities 2023: $18,034,960Net Assets 2023: $118,419,3162023Assets 2024: $134,558,096Liabilities 2024: $16,755,568Net Assets 2024: $117,802,5282024

Highlighted filing

2011

Assets$95,358,139
Liabilities$22,394,545
Net Assets$72,963,594
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$100M$50M$0-$50MExpenses 2010: $50,676,7602010Expenses 2011: $76,023,7892011Expenses 2012: $66,067,0172012Revenue 2013: $71,657,420Expenses 2013: $71,594,528Net Income 2013: $62,8922013Revenue 2014: $73,714,253Expenses 2014: $73,698,455Net Income 2014: $15,7982014Revenue 2015: $53,250,731Expenses 2015: $53,251,422Net Income 2015: -$6912015Revenue 2016: $58,878,060Expenses 2016: $58,878,060Net Income 2016: $02016Revenue 2017: $51,260,979Expenses 2017: $51,260,979Net Income 2017: $02017Revenue 2018: $64,029,981Expenses 2018: $64,029,981Net Income 2018: $02018Revenue 2019: $57,673,046Expenses 2019: $57,673,046Net Income 2019: $02019Revenue 2020: $64,266,853Expenses 2020: $64,266,853Net Income 2020: $02020Revenue 2021: $79,450,297Expenses 2021: $79,450,297Net Income 2021: $02021Revenue 2022: $86,716,385Expenses 2022: $86,716,385Net Income 2022: $02022Revenue 2023: $75,169,966Expenses 2023: $75,169,966Net Income 2023: $02023Revenue 2024: $58,835,798Expenses 2024: $58,835,798Net Income 2024: $02024

Highlighted filing

2011

Revenue-
Expenses$76,023,789
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Oct 29, 2012
Return Version
2011v1.2
Gross Receipts
$76,090,870
Mission and Program Overview

Mission

To procure, develop, and distribute reliable electric energy to our customers through a well built and maintained facility, and to provide supporting services which enhance our consumers and employees safety and quality of life.

Filing and Contact Details

Filer

EIN
75-0230385
Raw XML AppendixShowing 400 of 535 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/MissionDescription0DEAF SMITH ELECTRIC COOPERATIVE'S MISSION IS TO PROCURE, DEVELOP, AND DISTRIBUTE RELIABLE ELECTRIC ENERGY TO OUR CUSTOMERS THROUGH A WELL BUILT AND MAINTAINED FACILITY, AND TO PROVIDE SUPPORTING SERVICES WHICH ENHANCE OUR CONSUMERS AND EMPLOYEES SAFETY AND QUALITY OF LIFE.
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IRS990ScheduleD/Form990ScheduleDPartXIV/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.
IRS990ScheduleD/Form990ScheduleDPartXIV/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 ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE COOPERATIVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS 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.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2RETIREMENT OF PATRONAGE CAPITAL -3,181,227. OTHER COMPREHENSIVE INCOME (LOSS) PROVISION FOR PENSIONS AND BENEFITS 28,727. PATRONAGE CAPITAL ASSIGNED 11,120,908. Total to Schedule D, Part XI, Line 8: 7,968,408.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation3PATRONAGE CAPITAL ASSIGNED 11,120,908.
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IRS990ScheduleD/InvestmentsProgramRelated/Description1PATRONAGE CAPITAL - TEXAS ELECTRIC COOPERATIVES, INC.
IRS990ScheduleD/InvestmentsProgramRelated/Description2PATRONAGE CAPITAL - GOLDEN SPREAD ELECTRIC COOPERATIVE, INC
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IRS990ScheduleD/OtherAmount07968408
IRS990ScheduleD/OtherExpensesNotIncluded011120908
IRS990ScheduleD/OtherLandBuildings/BookValue01880530
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis01880530
IRS990ScheduleD/OtherLiabilities/Amount0775452
IRS990ScheduleD/OtherLiabilities/Amount14134100
IRS990ScheduleD/OtherLiabilities/Amount22500000
IRS990ScheduleD/OtherLiabilities/Amount3316985
IRS990ScheduleD/OtherLiabilities/Amount4241783
IRS990ScheduleD/OtherLiabilities/Amount53157132
IRS990ScheduleD/OtherLiabilities/Description0CONSUMER DEPOSITS & PREPAYMENTS
IRS990ScheduleD/OtherLiabilities/Description1ACCUMULATED PROVISION FOR POST RETIREMENT BENEFITS
IRS990ScheduleD/OtherLiabilities/Description2PATRONAGE CAPITAL PAYABLE
IRS990ScheduleD/OtherLiabilities/Description3ACCRUED EMPLOYEE COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilities/Description4OTHER CURRENT AND ACCRUED LIABILITIES
IRS990ScheduleD/OtherLiabilities/Description5FUEL COST OVER BILLED
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal076088200
IRS990ScheduleD/TotalAdjustments07968408
IRS990ScheduleD/TotalExpenses076023789
IRS990ScheduleD/TotalExpensesPerForm990076023789
IRS990ScheduleD/TotalOfAmounts011125452
IRS990ScheduleD/TotalOfBookValueLandBuildings042172217
IRS990ScheduleD/TotalOfBookValueProgramRelated040778878
IRS990ScheduleD/TotalRevenue076088200
IRS990ScheduleD/TotalRevenuePerForm990076088200
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt064902881
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt076088200
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0ALL GRANTS, SPONSORSHIPS AND DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA. ALL DONATIONS ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE.
IRS990ScheduleI/NoGrantMoreThan50000X
IRS990ScheduleI/RecordsMaintained00
IRS990ScheduleJ/BoardOrCommitteeApproval0X
IRS990ScheduleJ/CompensationSurvey0X
IRS990ScheduleJ/DiscretionarySpendingAccount0X
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg0176768
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg1113335
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg2105712
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg02219
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg11604
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg21548
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs20
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs20
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg10
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg20
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs20
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg038493
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg121862
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg224050
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs20
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 CONTRIBUTION TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. STEVE LOUDER ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 22,396 401(K) EMPLOYER MATCH 16,097 TOTAL COLUMN C: 38,493 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (22,396) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 19,850 TOTAL COOPERATIVE CASH CONTRIBUTION $ 35,947 MIKE VEAZEY ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 12,235 401(K) EMPLOYER MATCH 9,627 TOTAL COLUMN C: 21,862 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (12,235) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 12,974 TOTAL COOPERATIVE CASH CONTRIBUTION $ 22,601 GEORGE BULLARD ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 14,349 401(K) EMPLOYER MATCH 9,701 TOTAL COLUMN C: 24,050 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (14,349) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 11,951 TOTAL COOPERATIVE CASH CONTRIBUTION $ 21,652
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0Supplemental Information
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0Part III
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0STEVE LOUDER
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1MIKE VEAZEY
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson2GEORGE BULLARD
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg022113
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg118779
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg218760
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs20
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg06637
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg14469
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg24912
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs10
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs20
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg0246230
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg1160049

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$95,358,139
Liabilities
$22,394,545
Net assets
$72,963,594
Revenue
-
Expenses
$76,023,789
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$135$16.8$118$58.8$58.8$0.00
2023Detailed filing. Detailed filing data is available for this year.$136$18.0$118$75.2$75.2$0.00
2022Detailed filing. Detailed filing data is available for this year.$131$20.9$110$86.7$86.7$0.00
2021Detailed filing. Detailed filing data is available for this year.$132$22.6$109$79.5$79.5$0.00
2020Detailed filing. Detailed filing data is available for this year.$123$21.1$102$64.3$64.3$0.00
2019Detailed filing. Detailed filing data is available for this year.$121$21.0$101$57.7$57.7$0.00
2018Detailed filing. Detailed filing data is available for this year.$109$16.5$92.9$64.0$64.0$0.00
2017Detailed filing. Detailed filing data is available for this year.$109$17.6$91.5$51.3$51.3$0.00
2016Detailed filing. Detailed filing data is available for this year.$111$18.9$91.9$58.9$58.9$0.00
2015Detailed filing. Detailed filing data is available for this year.$115$24.5$90.2$53.3$53.3$0.00
2014Detailed filing. Detailed filing data is available for this year.$109$21.0$88.5$73.7$73.7$0.02
2013Detailed filing. Detailed filing data is available for this year.$107$22.9$84.4$71.7$71.6$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$103$22.9$79.8$66.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.4$22.4$73.0$76.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$88.5$23.5$64.9$50.7