Civic Intelligence

Tri-County Electric Cooperative Inc

990 • Fiscal year 2015 • EIN 75-0619960

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization ProfileWWW.TCECTEXAS.COM

View Organization Page

600 NW ParkwayAzle, TX 76020

(817) 444-3201

Siviq Scores

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

Liabilities / Assets

7th percentile

0.40x

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

2015 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2015

Liabilities / Revenue

20th percentile

0.92x

Higher debt load relative to revenue than 20% of similar nonprofits.

2015 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2015

Net Margin

42nd percentile

0.0%

Higher net margin than 42% of similar nonprofits.

2015 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2015

Top Officer Pay

40th percentile

$499,121

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2015 filings • $250M-$1B nonprofits • Source year 2015

Asset Growth

27th percentile

0.9%

Faster asset growth than 27% of similar nonprofits.

2015 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Revenue Growth

7th percentile

-11%

Faster revenue growth than 7% of similar nonprofits.

2015 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$546,517,792

Up $5,079,215 (+0.9%) from 2014

Net Assets

Up

$326,567,659

Up $8,408,193 (+2.6%) from 2014

Liabilities

Down

$219,950,133

Down $3,328,978 (-1.5%) from 2014

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin42nd percentile

Revenue

Down

$240,165,801

Down $31,117,367 (-11%) from 2014

Expenses

Down

$240,165,801

Down $31,117,367 (-11%) from 2014

Net Income

Flat

$0

Flat from 2014

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$2.0B$1.5B$1.0B$500M$0Assets 2010: $460,820,554Liabilities 2010: $240,751,983Net Assets 2010: $220,068,5712010Assets 2011: $478,624,994Liabilities 2011: $233,978,773Net Assets 2011: $244,646,2212011Assets 2012: $485,813,951Liabilities 2012: $220,862,682Net Assets 2012: $264,951,2692012Assets 2013: $507,242,824Liabilities 2013: $220,080,091Net Assets 2013: $287,162,7332013Assets 2014: $541,438,577Liabilities 2014: $223,279,111Net Assets 2014: $318,159,4662014Assets 2015: $546,517,792Liabilities 2015: $219,950,133Net Assets 2015: $326,567,6592015Assets 2016: $561,257,074Liabilities 2016: $212,256,170Net Assets 2016: $349,000,9042016Assets 2017: $569,784,272Liabilities 2017: $202,405,697Net Assets 2017: $367,378,5752017Assets 2018: $592,067,181Liabilities 2018: $205,836,494Net Assets 2018: $386,230,6872018Assets 2019: $596,876,863Liabilities 2019: $205,242,628Net Assets 2019: $391,634,2352019Assets 2020: $659,063,840Liabilities 2020: $269,076,645Net Assets 2020: $389,987,1952020Assets 2021: $737,055,460Liabilities 2021: $323,039,505Net Assets 2021: $414,015,9552021Assets 2022: $1,361,410,167Liabilities 2022: $939,007,695Net Assets 2022: $422,402,4722022Assets 2023: $1,454,349,365Liabilities 2023: $1,014,877,964Net Assets 2023: $439,471,4012023Assets 2024: $1,521,595,570Liabilities 2024: $1,056,182,836Net Assets 2024: $465,412,7342024

Highlighted filing

2015

Assets$546,517,792
Liabilities$219,950,133
Net Assets$326,567,659
Open 2015 Filing

Operations Trend

Revenue Growth7th percentile

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

$600M$400M$200M$0-$200MExpenses 2010: $211,133,2262010Expenses 2011: $239,019,6832011Revenue 2012: $211,521,967Expenses 2012: $211,521,967Net Income 2012: $02012Revenue 2013: $226,460,403Expenses 2013: $226,460,403Net Income 2013: $02013Revenue 2014: $271,283,168Expenses 2014: $271,283,168Net Income 2014: $02014Revenue 2015: $240,165,801Expenses 2015: $240,165,801Net Income 2015: $02015Revenue 2016: $222,732,644Expenses 2016: $221,873,950Net Income 2016: $858,6942016Revenue 2017: $241,845,657Expenses 2017: $238,169,459Net Income 2017: $3,676,1982017Revenue 2018: $264,593,606Expenses 2018: $262,985,686Net Income 2018: $1,607,9202018Revenue 2019: $268,674,913Expenses 2019: $259,294,629Net Income 2019: $9,380,2842019Revenue 2020: $263,901,706Expenses 2020: $257,019,690Net Income 2020: $6,882,0162020Revenue 2021: $308,529,771Expenses 2021: $313,479,080Net Income 2021: -$4,949,3092021Revenue 2022: $435,689,159Expenses 2022: $435,340,285Net Income 2022: $348,8742022Revenue 2023: $454,006,532Expenses 2023: $454,255,140Net Income 2023: -$248,6082023Revenue 2024: $415,363,993Expenses 2024: $415,363,993Net Income 2024: $02024

Highlighted filing

2015

Revenue$240,165,801
Expenses$240,165,801
Net Income$0
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$240,171,268
Mission and Program Overview

Mission

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

To provide quality and reliable electric service to members of the cooperative.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$316,276,349$324,610,842▲ $8,334,493
Land, Buildings, and Equipment, Net$285,577,146$290,909,586▲ $5,332,440
Investments Program Related$170,415,391$167,359,414▼ $3,055,977
Savings and Temporary Cash Investments$34,604,934$58,064,451▲ $23,459,517
Accounts Receivable$11,902,975$8,026,709▼ $3,876,266
Inventories for Sale or Use$3,727,697$3,467,401▼ $260,296
Prepaid Expenses and Deferred Charges$3,304,582$2,785,163▼ $519,419
Cap Stk Tr Prin Current Funds$1,883,117$1,956,817▲ $73,700
Cash and Non-Interest-Bearing Accounts$14,506,233$454,590▼ $14,051,643
Total Assets$541,438,577$546,517,792▲ $5,079,215
Other Assets Total$17,399,619$15,450,478▼ $1,949,141
Liabilities
Mortgage Notes Payable Secured by Investment Property$155,803,048$150,862,447▼ $4,940,601
Other Liabilities$40,814,827$45,076,893▲ $4,262,066
Accounts Payable and Accrued Expenses$26,661,236$24,010,793▼ $2,650,443
Total Liabilities$223,279,111$219,950,133▼ $3,328,978
Net Assets / Fund Balance
Total Net Assets Fund Balance$318,159,466$326,567,659▲ $8,408,193
Total Liabilities and Net Assets / Fund Balance$541,438,577$546,517,792▲ $5,079,215

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$280,250,737$126,312,594$406,563,331
Other Land Buildings$8,214,021-$8,214,021
Buildings$1,812,386$2,304,284$4,116,670
Land$632,442-$632,442
Investment Program Related Org$60--
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
A Craig KnightExecutive VPFT$408,348$90,773$499,121
A Craig KnightExecutive VP/gm-$378,468$120,653$499,121
David MooreSystem EnginFT$192,044$78,575$270,619
David MooreSystem Engineer-$178,072$92,547$270,619
Scott BaumbachDistrict ManFT$191,739$62,115$253,854
Scott BaumbachDistrict Manager, Ne-$179,711$74,143$253,854
Richard KilarSpecial ProjFT$156,667$64,537$221,204
Richard KilarSpecial Projects Mgr-$146,140$75,064$221,204
Chad S LuigCFOFT$99,246$101,541$200,787
Kenneth MacuneOperations MFT$143,255$42,871$186,126
Kenneth MacuneOperations Manager-$139,551$46,575$186,126
Paul CarrellAccountantFT$102,777$55,763$158,540
Jorden WoodPresident-$42,854-$42,854
Larry MillerDirectorPT$35,436-$35,436
Todd SmithSecretary/tr-$35,319-$35,319
Max WaddellDirector-$34,701-$34,701
Jarrett ArmstrongDirector-$34,101-$34,101
Steve HarrisDirector-$30,236-$30,236
Jerry WaldenVice-presidePT$27,654-$27,654
John KilloughDirector-$24,379-$24,379

Highest Paid Contractors

ContractorServicesLocationCompensation
Anixter INCMaterialsPO BOX 4851, Orlando, FL 32802$6,133,777
Can-fer Utility ServicesConstruction1608 MARGARET ST, Houston, TX 77093$3,759,225
Northeast Service INCTree TrimmingPO BOX 1185, Kennedale, TX 76060$1,003,719
Information ManagementPrint Solutions2416 BROCKTON 105, San Antonio, TX 78217$966,885
Turn Key ConstructionConstruction9716 LIMESTONE CT, Joshua, TX 76058$847,386
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$238,076,147
Investment Income
$1,815,774
Other Revenue
$273,880
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$203,072,637
Salaries, Compensation, and Employee Benefits$9,135,899
Grants and Similar Amounts Paid$10,790
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$27,946,475
Depreciation Depletion---$12,894,815
Interest---$6,943,191
Other Salaries and Wages---$3,742,618
Other Expenses---$2,708,521
Other Employee Benefits---$2,675,359
Current Officers, Directors, Trustees, and Key Employees---$1,489,061
Pension Plan Contributions---$858,708
Payroll Taxes---$370,153
Grants to Domestic Orgs---$10,790
All Other Expenses---$839
Total Functional Expenses$0$0$0$240,165,801
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
Acc Unbilled Power Cost Rec Fac$19,853,914
Acc Provision for Pen & Ben$16,824,086
Consumer Deposits$6,851,255
Deferred Credits - Construction$1,547,638
Unam Gain on Reaquired Debt-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The cooperative was formed by the members to provide electric service at cost on a cooperative basis.”

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

“The members of the cooperative vote on the board of directors. Elections are done on a one member one vote basis by district.”

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

“The following acts require approval of the members of the cooperative: 1. Dissolution/liquidation of the cooperative 2. Merger or consolidation of the cooperative with another organization. 3. The disposal of a substantial portion of the cooperative's assets.”

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

“Management 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.”

Form 990, Page 6, Part VI, Line 12C

“The board of directors and officers are required to review and be familiar with the policies outlined in the cooperative's conflict of interest policy. The board of directors and officers are requiredto disclose any action or situation that might violate the policy to the full board of directors as soon as possible. The conflict of interest policy is reviewed on an annual basis. If any disclosure arises, the general manager reviews the contract and/or purchase procedures. Additionally, the general manager and staff evaluate employee relationships with vendors and other outside entities for possible conflict of interests.”

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

“The board of directors use a compensation survey and compare compensation reported on other cooperative irs forms 990 when determining the compensation of the general manager. The survey shows comparative salaries for general managers from similarly situated cooperatives located in texas and the nation.”

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

“The board and general manager use a compensation survey and compare compensation reported on other cooperative irs forms 990 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 similarly situated cooperatives throughout texas and the nation.”

Form 990, Page 6, Part VI, Line 19

“The cooperative provides a summarized copy of the audited financial statements to the members of the cooperative at the annual meeting. 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. All requests must be made in writing.”

Filing and Contact Details

Filer

Filer Name
Tri-county Electric Cooperativeinc
EIN
75-0619960
Phone
8174443201
Address
600 NW PARKWAY, AZLE, TX 76020

Signing Officer

Name
Chad S Luig
Title
CFO
Phone
8174443201
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad S Luig
Formed
1939
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
162

Preparer

Firm
Briscoe Burke & Grigsby Llp
Address
4120 EAST 51ST STREET SUITE 100, TULSA, OK 74135-3633
Preparer
Sean B Dunahay CPA
Phone
9187498337
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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

Form 990, Part XI, Line 9

“Net change in memberships 73,700 patronage capital dividend 27,946,475 other equity changes 2,264 other comprehensive income - provision -114,133 patronage capital retirement -4,178,867 equity method subsidiary -15,321,246 total 8,408,193”

Financial Statement Notes

Schedule D, Page 3, Part X

“During the 2015 calendar year, the cooperative was exempt from federal income taxes under section 501(c)(12) of the internal revenue code with at least 85% of its revenue coming from members for the sole purpose of meeting losses and expenses. Additionally, the cooperative pays income tax on net unrealized business income. The cooperative's unrelated business activities primarily include the rental of radio tower facilities. Value choice and its subsidiary, millennium, are taxable entities. Value choice is a for-profit taxable corporation and is required to file form 1120 - "u.s. Corporation income tax return". Millennium is a single member limited liability company and considered a disregarded entity (i.e. Division) of its sole owner, value choice. As such, all items of revenue, income, expense, gain or loss of millennium are included in the federal income taxes associated with the net income of net operating losses of millennium are recorded on the books of value choice. In general, each corporation, limited liability company and limited partnership registered to do business in the state of texas is subject to the state franchise tax on gross income, less applicable deductions, apportioned to the state. The cooperative is exempt from the state franchise tax; however, both value choice and millennium are recognized as taxable companies by the state of texas. Therefore, current taxes are allocated to each company on the basis of taxable gross revenue and deferred taxes are calculated on a stand-alone basis. The cooperative and subsidiaries follow the asset and liability method for recording income taxes. The objective of the asset and liability method is to establish deferred tax assets and liabilities for temporary differences between the financial reporting basis and the tax basis of the cooperative and subsidiaries' assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes.”

Raw XML AppendixShowing 400 of 602 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/BOYAmt026661236
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt024010793
IRS990/AccountsReceivableGrp/BOYAmt011902975
IRS990/AccountsReceivableGrp/EOYAmt08026709
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.
IRS990/AllOtherExpensesGrp/TotalAmt0839
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt027946475
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TRI-COUNTY ELECTRIC COOPERATIVE
IRS990/BooksInCareOfDetail/PhoneNum08174443201
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0600 NW PARKWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0AZLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd076020
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt01883117
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt01956817
IRS990/CashNonInterestBearingGrp/BOYAmt014506233
IRS990/CashNonInterestBearingGrp/EOYAmt0454590
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt037
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt01489061
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt06133777
IRS990/ContractorCompensationGrp/CompensationAmt13759225
IRS990/ContractorCompensationGrp/CompensationAmt21003719
IRS990/ContractorCompensationGrp/CompensationAmt3966885
IRS990/ContractorCompensationGrp/CompensationAmt4847386
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 4851
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt11608 MARGARET ST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 1185
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt32416 BROCKTON 105
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt49716 LIMESTONE CT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0ORLANDO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1HOUSTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2KENNEDALE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3SAN ANTONIO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4JOSHUA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd032802
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd177093
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd276060
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd378217
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd476058
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ANIXTER INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1CAN-FER UTILITY SERVICES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2NORTHEAST SERVICE INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3INFORMATION MANAGEMENT
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4TURN KEY CONSTRUCTION
IRS990/ContractorCompensationGrp/ServicesDesc0MATERIALS
IRS990/ContractorCompensationGrp/ServicesDesc1CONSTRUCTION
IRS990/ContractorCompensationGrp/ServicesDesc2TREE TRIMMING
IRS990/ContractorCompensationGrp/ServicesDesc3PRINT SOLUTIONS
IRS990/ContractorCompensationGrp/ServicesDesc4CONSTRUCTION
IRS990/CostOfGoodsSoldAmt05467
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt027946475
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt010790
IRS990/CYInvestmentIncomeAmt01815774
IRS990/CYOtherExpensesAmt0203072637
IRS990/CYOtherRevenueAmt0273880
IRS990/CYProgramServiceRevenueAmt0238076147
IRS990/CYRevenuesLessExpensesAmt00
IRS990/CYSalariesCompEmpBnftPaidAmt09135899
IRS990/CYTotalExpensesAmt0240165801
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0240165801
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt012894815
IRS990/Desc0PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 102,323 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt0162
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.87
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.63
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.73
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.62
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.84
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.45
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.84
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.82
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.11
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.04
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt37.26
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.62
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.83
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.74
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt73.29
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt850.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt950.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
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/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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/OtherCompensationAmt890773
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt990773
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1062115
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1164537
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1242871
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1378575
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1444569
IRS990/Form990PartVIISectionAGrp/PersonNm0JORDEN WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm1JERRY WALDEN
IRS990/Form990PartVIISectionAGrp/PersonNm2TODD SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm3LARRY MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm4STEVE HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN KILLOUGH
IRS990/Form990PartVIISectionAGrp/PersonNm6MAX WADDELL
IRS990/Form990PartVIISectionAGrp/PersonNm7JARRETT ARMSTRONG
IRS990/Form990PartVIISectionAGrp/PersonNm8A CRAIG KNIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm9CHAD S LUIG
IRS990/Form990PartVIISectionAGrp/PersonNm10SCOTT BAUMBACH
IRS990/Form990PartVIISectionAGrp/PersonNm11RICHARD KILAR
IRS990/Form990PartVIISectionAGrp/PersonNm12KENNETH MACUNE
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVID MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm14PAUL CARRELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt042854
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt127654
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt235319
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt335436
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt430236
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt524379
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt634701
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt734101
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8408348
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9110014
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10191739
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11156667
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12143255
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13192044
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14113971
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/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE VP
IRS990/Form990PartVIISectionAGrp/TitleTxt9CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt10DISTRICT MAN
IRS990/Form990PartVIISectionAGrp/TitleTxt11SPECIAL PROJ
IRS990/Form990PartVIISectionAGrp/TitleTxt12OPERATIONS M
IRS990/Form990PartVIISectionAGrp/TitleTxt13SYSTEM ENGIN
IRS990/Form990PartVIISectionAGrp/TitleTxt14ACCOUNTANT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01939
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt014158
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToDomesticOrgsGrp/TotalAmt010790
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt014158
IRS990/GrossReceiptsAmt0240171268
IRS990/GrossRentsGrp/PersonalAmt0267426
IRS990/GrossSalesOfInventoryAmt011921
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/TotalAmt06943191
IRS990/InventoriesForSaleOrUseGrp/BOYAmt03727697
IRS990/InventoriesForSaleOrUseGrp/EOYAmt03467401
IRS990/InvestmentIncomeGrp/ExclusionAmt01801616
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01801616
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0170415391
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0167359414
IRS990/IRPDocumentCnt094
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0128616878
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0285577146
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0290909586
IRS990/LandBldgEquipCostOrOtherBssAmt0419526464
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt0236076147
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE COOPERATIVE'S RESPONSIBILITY AND AIM IS TO PROVIDE EXCELLENT AND INNOVATIVE CUSTOMER SERVICE AS REFLECTED IN TOP QUALITY ELECTIC SERVICE RELIABILITY, AFFORDABLE RATES, EMPLOYEE TEAMWORK AND THE HIGHEST DEGREE OF INTEGRITY IN ALL COOPERATIVE ENDEAVORS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0155803048
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0150862447
IRS990/NetAssetsOrFundBalancesBOYAmt0318159466
IRS990/NetAssetsOrFundBalancesEOYAmt0326567659
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt014158
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt014158
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt06454
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt06454
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0260834
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0267426
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt06592
IRS990/NetUnrelatedBusTxblIncmAmt05592
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt017399619
IRS990/OtherAssetsTotalGrp/EOYAmt015450478
IRS990/OtherChangesInNetAssetsAmt08408193
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02675359
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION EXPENSE
IRS990/OtherExpensesGrp/Desc2ADMIN & GENERAL
IRS990/OtherExpensesGrp/Desc3CUSTOMER SERV & ASSIST EX
IRS990/OtherExpensesGrp/TotalAmt0169600467
IRS990/OtherExpensesGrp/TotalAmt18195160
IRS990/OtherExpensesGrp/TotalAmt22729644
IRS990/OtherExpensesGrp/TotalAmt32708521
IRS990/OtherLiabilitiesGrp/BOYAmt040814827
IRS990/OtherLiabilitiesGrp/EOYAmt045076893
IRS990/OtherSalariesAndWagesGrp/TotalAmt03742618
IRS990/OtherSourcesGrossIncomeAmt01827695
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt0370153
IRS990/PensionPlanContributionsGrp/TotalAmt0858708
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03304582
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02785163
IRS990/PrincipalOfficerNm0CHAD S LUIG
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRICITY SALES
IRS990/ProgramServiceRevenueGrp/Desc1PATRONAGE DIVIDENDS
IRS990/ProgramServiceRevenueGrp/Desc2SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0227553257
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19683103
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2839787
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0227553257
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19683103
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2839787
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt036872405
IRS990/PYGrantsAndSimilarPaidAmt015550
IRS990/PYInvestmentIncomeAmt01614412
IRS990/PYOtherExpensesAmt0225354548
IRS990/PYOtherRevenueAmt062096
IRS990/PYProgramServiceRevenueAmt0269606660
IRS990/PYSalariesCompEmpBnftPaidAmt09040665
IRS990/PYTotalExpensesAmt0271283168
IRS990/PYTotalRevenueAmt0271283168
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/PersonalAmt0267426
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0316276349
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0324610842
IRS990/SavingsAndTempCashInvstGrp/BOYAmt034604934
IRS990/SavingsAndTempCashInvstGrp/EOYAmt058064451
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01812386
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02304284
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04116670
IRS990ScheduleD/EquipmentGrp/BookValueAmt0280250737
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0126312594
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0406563331
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt092395706
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt149851549
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt210000000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt39101512
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt44928754
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt51036169
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt644264
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt71000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt8300
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt9100
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1060
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0PATRONAGE CAPITAL - BEPC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN SUBSIDIARY
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2MEMBER CAPITAL SECURITIES - CFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3CAPITAL TERM CERTIFICATES - CFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4PATRONAGE CAPITAL - CFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5PATRONAGE CAPITAL - TEC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6PATRONAGE CAPITAL - SEDC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc7MEMBERSHIPS - NRUCFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc8MEMBERSHIPS - OTHER
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc9PATRONAGE CAPITAL - NRTC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc10MEMBERSHIPS - TEC
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/InvstProgramRelatedOrgGrp/MethodValuationCd9C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd10C
IRS990ScheduleD/LandGrp/BookValueAmt0632442
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0632442
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08214021
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08214021
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019853914
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116824086
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26851255
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31547638
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACC UNBILLED POWER COST REC FAC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACC PROVISION FOR PEN & BEN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED CREDITS - CONSTRUCTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4UNAM GAIN ON REAQUIRED DEBT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DURING THE 2015 CALENDAR YEAR, THE COOPERATIVE WAS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE WITH AT LEAST 85% OF ITS REVENUE COMING FROM MEMBERS FOR THE SOLE PURPOSE OF MEETING LOSSES AND EXPENSES. ADDITIONALLY, THE COOPERATIVE PAYS INCOME TAX ON NET UNREALIZED BUSINESS INCOME. THE COOPERATIVE'S UNRELATED BUSINESS ACTIVITIES PRIMARILY INCLUDE THE RENTAL OF RADIO TOWER FACILITIES. VALUE CHOICE AND ITS SUBSIDIARY, MILLENNIUM, ARE TAXABLE ENTITIES. VALUE CHOICE IS A FOR-PROFIT TAXABLE CORPORATION AND IS REQUIRED TO FILE FORM 1120 - "U.S. CORPORATION INCOME TAX RETURN". MILLENNIUM IS A SINGLE MEMBER LIMITED LIABILITY COMPANY AND CONSIDERED A DISREGARDED ENTITY (I.E. DIVISION) OF ITS SOLE OWNER, VALUE CHOICE. AS SUCH, ALL ITEMS OF REVENUE, INCOME, EXPENSE, GAIN OR LOSS OF MILLENNIUM ARE INCLUDED IN THE FEDERAL INCOME TAXES ASSOCIATED WITH THE NET INCOME OF NET OPERATING LOSSES OF MILLENNIUM ARE RECORDED ON THE BOOKS OF VALUE CHOICE. IN GENERAL, EACH CORPORATION, LIMITED LIABILITY COMPANY AND LIMITED PARTNERSHIP REGISTERED TO DO BUSINESS IN THE STATE OF TEXAS IS SUBJECT TO THE STATE FRANCHISE TAX ON GROSS INCOME, LESS APPLICABLE DEDUCTIONS, APPORTIONED TO THE STATE. THE COOPERATIVE IS EXEMPT FROM THE STATE FRANCHISE TAX; HOWEVER, BOTH VALUE CHOICE AND MILLENNIUM ARE RECOGNIZED AS TAXABLE COMPANIES BY THE STATE OF TEXAS. THEREFORE, CURRENT TAXES ARE ALLOCATED TO EACH COMPANY ON THE BASIS OF TAXABLE GROSS REVENUE AND DEFERRED TAXES ARE CALCULATED ON A STAND-ALONE BASIS. THE COOPERATIVE AND SUBSIDIARIES FOLLOW THE ASSET AND LIABILITY METHOD FOR RECORDING INCOME TAXES. THE OBJECTIVE OF THE ASSET AND LIABILITY METHOD IS TO ESTABLISH DEFERRED TAX ASSETS AND LIABILITIES FOR TEMPORARY DIFFERENCES BETWEEN THE FINANCIAL REPORTING BASIS AND THE TAX BASIS OF THE COOPERATIVE AND SUBSIDIARIES' ASSETS AND LIABILITIES AT ENACTED TAX RATES EXPECTED TO BE IN EFFECT WHEN SUCH AMOUNTS ARE REALIZED OR SETTLED. AS CHANGES IN TAX LAWS OR RATES ARE ENACTED, DEFERRED TAX ASSETS AND LIABILITIES ARE ADJUSTED THROUGH THE PROVISION FOR INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0290909586
IRS990ScheduleD/TotalBookValueProgramRltdAmt0167359414

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$546,517,792
Liabilities
$219,950,133
Net assets
$326,567,659
Revenue
$240,165,801
Expenses
$240,165,801
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,522$1,056$465$415$415$0.00
2023Detailed filing. Detailed filing data is available for this year.$1,454$1,015$439$454$454$0.25
2022Detailed filing. Detailed filing data is available for this year.$1,361$939$422$436$435$0.35
2021Detailed filing. Detailed filing data is available for this year.$737$323$414$309$313$4.95
2020Detailed filing. Detailed filing data is available for this year.$659$269$390$264$257$6.88
2019Detailed filing. Detailed filing data is available for this year.$597$205$392$269$259$9.38
2018Detailed filing. Detailed filing data is available for this year.$592$206$386$265$263$1.61
2017Detailed filing. Detailed filing data is available for this year.$570$202$367$242$238$3.68
2016Detailed filing. Detailed filing data is available for this year.$561$212$349$223$222$0.86
2015Detailed filing. Detailed filing data is available for this year.$547$220$327$240$240$0.00
2014Detailed filing. Detailed filing data is available for this year.$541$223$318$271$271$0.00
2013Detailed filing. Detailed filing data is available for this year.$507$220$287$226$226$0.00
2012Summary only. Only limited summary data is available for this year.$486$221$265$212$212$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$479$234$245$239
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$461$241$220$211