Civic Intelligence

Duncan Valley Electric Cooperative Inc

990 • Fiscal year 2012 • EIN 86-0086280

Jan 01, 2012 to Dec 31, 2012 • Filed on Oct 30, 2013

PO Box 44085534
Siviq Scores

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

Liabilities / Assets

23rd percentile

0.12x

Higher debt load relative to assets than 23% of similar nonprofits.

2012 filings • 501(c)12 • $5M-$10M 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

63rd percentile

2.8%

Faster asset growth than 63% of similar nonprofits.

2012 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$8,053,501

Up $218,333 (+2.8%) from 2011

Net Assets

Up

$7,111,723

Up $51,955 (+0.7%) from 2011

Liabilities

Up

$941,778

Up $166,378 (+21%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$4,108,332

Down $18,212 (-0.4%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $7,677,395Liabilities 2010: $718,275Net Assets 2010: $6,959,1202010Assets 2011: $7,835,168Liabilities 2011: $775,400Net Assets 2011: $7,059,7682011Assets 2012: $8,053,501Liabilities 2012: $941,778Net Assets 2012: $7,111,7232012Assets 2013: $8,954,150Liabilities 2013: $1,498,584Net Assets 2013: $7,455,5662013Assets 2014: $8,981,978Liabilities 2014: $1,303,568Net Assets 2014: $7,678,4102014Assets 2015: $8,992,463Liabilities 2015: $1,267,463Net Assets 2015: $7,725,0002015Assets 2016: $9,532,083Liabilities 2016: $1,446,899Net Assets 2016: $8,085,1842016Assets 2017: $10,176,504Liabilities 2017: $1,677,068Net Assets 2017: $8,499,4362017Assets 2018: $10,161,929Liabilities 2018: $1,642,686Net Assets 2018: $8,519,2432018Assets 2019: $10,743,600Liabilities 2019: $1,873,757Net Assets 2019: $8,869,8432019Assets 2020: $10,820,190Liabilities 2020: $1,777,806Net Assets 2020: $9,042,3842020Assets 2021: $11,704,172Liabilities 2021: $2,205,023Net Assets 2021: $9,499,1492021Assets 2022: $11,812,605Liabilities 2022: $2,410,782Net Assets 2022: $9,401,8232022Assets 2023: $12,086,294Liabilities 2023: $2,743,744Net Assets 2023: $9,342,5502023Assets 2024: $12,057,357Liabilities 2024: $2,482,762Net Assets 2024: $9,574,5952024

Highlighted filing

2012

Assets$8,053,501
Liabilities$941,778
Net Assets$7,111,723

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,438,8902010Expenses 2011: $4,126,5442011Expenses 2012: $4,108,3322012Revenue 2013: $4,196,311Expenses 2013: $4,190,063Net Income 2013: $6,2482013Revenue 2014: $4,240,034Expenses 2014: $4,212,364Net Income 2014: $27,6702014Revenue 2015: $4,094,920Expenses 2015: $4,184,509Net Income 2015: -$89,5892015Revenue 2016: $4,283,489Expenses 2016: $4,283,842Net Income 2016: -$3532016Revenue 2017: $4,185,989Expenses 2017: $4,272,553Net Income 2017: -$86,5642017Revenue 2018: $4,841,058Expenses 2018: $4,840,443Net Income 2018: $6152018Revenue 2019: $4,773,491Expenses 2019: $4,814,503Net Income 2019: -$41,0122019Revenue 2020: $4,047,287Expenses 2020: $4,101,682Net Income 2020: -$54,3952020Revenue 2021: $4,342,345Expenses 2021: $4,082,260Net Income 2021: $260,0852021Revenue 2022: $5,692,030Expenses 2022: $5,558,171Net Income 2022: $133,8592022Revenue 2023: $5,472,570Expenses 2023: $5,608,583Net Income 2023: -$136,0132023Revenue 2024: $5,215,432Expenses 2024: $5,041,992Net Income 2024: $173,4402024

Highlighted filing

2012

Revenue-
Expenses$4,108,332
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Oct 30, 2013
Return Version
2012v2.1
Gross Receipts
$4,057,470
Mission and Program Overview

Mission

Duncan valley electric cooperative exists to provide safe, reliable energy services to its members, and to strengthen the communities we serve.

Major Activities

Activity 2
Sale of natural gas to members - 737 active services were provided natural gas at year end at cost on a cooperative basis.
Filing and Contact Details

Filer

EIN
86-0086280
Raw XML AppendixShowing 400 of 546 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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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE COOPERATIVE HAS 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/Form990ScheduleDPartXIII/Explanation1Part IX: THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS SCHEDULE D, PART IX HAS BEEN LEFT BLANK.
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IRS990ScheduleD/OtherLiabilities/Description0CUSTOMER DEPOSITS AND PRE-PAYMENTS
IRS990ScheduleD/OtherLiabilities/Description1DEFERRED CREDITS
IRS990ScheduleD/OtherLiabilities/Description2OTHER CURRENT AND ACCRUED LIABILITIES
IRS990ScheduleD/OtherLiabilities/Description3ACCRUED EMPLOYEE COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilities/Description4ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilities/Description5ACCRUED TAXES
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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/Form990ScheduleIPartIV/Identifier0Schedule I, Part II
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IRS990ScheduleI/RecipientTable/AddressUS/State0AZ
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode085016
IRS990ScheduleI/RecipientTable/AmountOfCashGrant010000
IRS990ScheduleI/RecipientTable/EINOfRecipient0860348306
IRS990ScheduleI/RecipientTable/IRCSection0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrant0DONATION TO START A SCHOLARHSIP FUND.
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10ARIZONA COMMUNITY FOUNDATION
IRS990ScheduleI/RecordsMaintained00
IRS990ScheduleI/TotalNbrOf501C3AndGovtGrants01
IRS990ScheduleJ/BoardOrCommitteeApproval0X
IRS990ScheduleJ/CompensationSurvey0X
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg093084
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg073236
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 CONTRIBUTION TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. MIKE PEARCE ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 67,513 401(K) EMPLOYER MATCH 5,723 TOTAL COLUMN C: $ 73,236 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN: (67,513) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN: 22,626 TOTAL COOPERATIVE CASH CONTRIBUTION $ 28,349
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0Supplemental Information
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0Part III
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0MIKE PEARCE
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg016562
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg08834
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/Title0CEO
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg0191716
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleO/GeneralExplanation/Explanation0ARTICLE III, SECTION 4 OF THE COOPERATIVE'S BYLAWS WERE AMENDED TO ALLOW FOR THE INCLUSION OF MAIL-IN BALLOTS AS A MEANS FOR DETERMINING A QUORUM FOR ANY MEETING OF THE MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC AND GAS SERVICE AT COST ON A COOPERATIVE BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation2THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation3THE 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/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/Explanation5PRIOR TO SERVICE FOR THE COOPERATIVE, EACH DIRECTOR, EMPLOYEE, OR MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (B) HAS READ AND UNDERSTANDS THE POLICY; (C) HAS AGREED TO COMPLY WITH THE POLICY; AND (D) UNDERSTANDS THAT THE COOPERATIVE IS A NON-PROFIT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ITS TAX-EXEMPT PURPOSES. THE COOPERATIVE CONDUCTS ANNUAL REVIEWS WHICH, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND ARE THE RESULTS OF ARM'S-LENGTH BARGAINING; (B) WHETHER PARTNERSHIP AND JOINT VENTURE ARRANGEMENTS CONFORM TO WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE PAYMENTS FOR GOODS AND SERVICES, FURTHER THE COOPERATIVE'S NON-PROFIT PURPOSES AND DO NOT RESULT IN INUREMENT AND IMPERMISSIBLE PRIVATE BENEFIT; AND (C) WHETHER AGREEMENTS TO PROVIDE SERVICES, AND AGREEMENTS WITH OTHER SERVICE PROVIDERS, DIRECTORS, EMPLOYEES, MEMBERS OR THIRD PARTY PAYORS, FURTHER THE COOPERATIVE'S NON-PROFIT PURPOSES AND DO NOT RESULT IN INUREMENT OR IMPERMISSIBLE PRIVATE BENEFIT.
IRS990ScheduleO/GeneralExplanation/Explanation6THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S CEO. THE SURVEY INCLUDES SALARIES FROM SIMILAR COOPERATIVES THROUGHOUT ARIZONA AND THE NATION. THE BOARD AND THE CEO USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILAR COOPERATIVES THROUGHOUT ARIZONA AND THE NATION.
IRS990ScheduleO/GeneralExplanation/Explanation7THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. THE COOPERATIVE INCLUDES A DETAILED BALANCE SHEET AND INCOME STATEMENT IN THE ANNUAL REPORT PROVIDED TO THE MEMBERS IN ATTENDANCE AT THE ANNUAL MEETING, AND UPON REQUEST. FINALLY THE BY-LAWS CAN BE FOUND ON THE COOPERATIVE'S WEBSITE.
IRS990ScheduleO/GeneralExplanation/Explanation8PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS.
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. 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 ORGANIZATION ALSO PROVIDES HEALTH AND LIFE INSURANCE TO ALL EMPLOYEES 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 ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS AS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION FOR CLASS A AND B ELECTRIC UTILITIES MODIFIED FOR ELECTRIC BORROWERS OF THE RURAL UTILITIES SERVICE(RUS). THE UNIFORM SYSTEM OF ACCOUNTING DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1 - 23. THE COOPERATIVE WILL BREAK OUT SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1 - 23 WILL BE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE UNIFORM SYSTEM OF ACCOUNTS.
IRS990ScheduleO/GeneralExplanation/Explanation11SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. IN AN EFFORT TO EXPLAIN WHY THE AMOUNTS REPORTED ON LINES 5-7 DO NOT AGREE TO THE W-3 THE FOLLOWING RECONCILIATION IS PROVIDED. TOTAL PER LINES 5-7 $ 724,136 LESS DIRECTORS FEES REPORTED ON 1099-MISC (40,400) LESS EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (127,562) PLUS SALARIES AND WAGES ALLOCATED TO ASSET ACCOUNTS 198,570 RECONCILIATION TO W-3 $ 754,744

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$2.48$9.57$5.22$5.04$0.17
2023Detailed filing. Detailed filing data is available for this year.$12.1$2.74$9.34$5.47$5.61$0.14
2022Detailed filing. Detailed filing data is available for this year.$11.8$2.41$9.40$5.69$5.56$0.13
2021Detailed filing. Detailed filing data is available for this year.$11.7$2.21$9.50$4.34$4.08$0.26
2020Detailed filing. Detailed filing data is available for this year.$10.8$1.78$9.04$4.05$4.10$0.05
2019Detailed filing. Detailed filing data is available for this year.$10.7$1.87$8.87$4.77$4.81$0.04
2018Detailed filing. Detailed filing data is available for this year.$10.2$1.64$8.52$4.84$4.84$0.00
2017Detailed filing. Detailed filing data is available for this year.$10.2$1.68$8.50$4.19$4.27$0.09
2016Detailed filing. Detailed filing data is available for this year.$9.53$1.45$8.09$4.28$4.28$0.00
2015Detailed filing. Detailed filing data is available for this year.$8.99$1.27$7.73$4.09$4.18$0.09
2014Detailed filing. Detailed filing data is available for this year.$8.98$1.30$7.68$4.24$4.21$0.03
2013Detailed filing. Detailed filing data is available for this year.$8.95$1.50$7.46$4.20$4.19$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.05$0.94$7.11$4.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.84$0.78$7.06$4.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.68$0.72$6.96$4.44