ROCK COUNTY ELECTRIC COOPERATIVE ASSOCIATION: Form 990, tax year 2023
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- Organization
- ROCK COUNTY ELECTRIC COOPERATIVE ASSOCIATION (EIN 39-0574424)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-09-10
- IRS object ID
- 202402549349301965
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-09-10T16:27:56-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390574424 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rock Energy Cooperative | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Shane Larson | InCareOfNm |
| Business Name Control | ROCK | BusinessNameControlTxt |
| Phone | 6087524550 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1758 | AddressLine1Txt |
| City | Janesville | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 535471758 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHANE LARSON | PersonNm |
| Person Title | Chief Executive Officer | PersonTitleTxt |
| Phone | 6087524550 | PhoneNum |
| Signature | 2024-09-10 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SHANE L LARSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1758 | AddressLine1Txt |
| City | Janesville | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 535471758 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $65,013,821 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.rock.coop | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1936 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | Distribution of electric and natural gas energy | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 57 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $71,365,702 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $63,678,282 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,057,098 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,074,614 | CYInvestmentIncomeAmt |
| PY Other Revenue | $197,212 | PYOtherRevenueAmt |
| CY Other Revenue | $182,220 | CYOtherRevenueAmt |
| PY Total Revenue | $72,620,012 | PYTotalRevenueAmt |
| CY Total Revenue | $64,935,116 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $3,955,568 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $3,940,623 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,400,211 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,621,598 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $63,264,233 | PYOtherExpensesAmt |
| CY Other Expenses | $55,372,895 | CYOtherExpensesAmt |
| PY Total Expenses | $72,620,012 | PYTotalExpensesAmt |
| CY Total Expenses | $64,935,116 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $125,709,085 | TotalAssetsBOYAmt |
| Total Assets EOY | $129,557,721 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $72,802,939 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $74,583,382 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $52,906,146 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $54,974,339 | NetAssetsOrFundBalancesEOYAmt |
| Mission | As an energy cooperative, Rock Energy Cooperative strives to distribute reliable electric and natural gas services at competitive prices to its members. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $64,935,117 | ExpenseAmt |
| Revenue | $64,935,117 | RevenueAmt |
| Desc | Distribution of electric and natural gas services | Desc |
| Total Program Service Expenses | $64,935,117 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 27 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 57 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $63,680,248 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,144,270 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Excs Tax Sect4951 Or4952 Or4953 | false | ExcsTaxSect4951Or4952Or4953Ind |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rock Energy Cooperative | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6087524550 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1758 | AddressLine1Txt |
| City | Janesville | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 535471758 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| RONALD F RICHARDS | |||||||
| Director | 7.000 | Yes (X) | Yes (X) | $15,075 | $0 | $0 | |
| MARIAN A TRESCHER | |||||||
| Secretary | 10.00 | Yes (X) | Yes (X) | $10,650 | $0 | $0 | |
| WILLIAM E FISCHER | |||||||
| Director | 5.000 | Yes (X) | $10,850 | $0 | $0 | ||
| TODD THOMPSON | |||||||
| Director | 7.000 | Yes (X) | $14,000 | $0 | $0 | ||
| CLARK A SCHOONOVER | |||||||
| Chairman | 8.000 | Yes (X) | Yes (X) | $12,525 | $0 | $0 | |
| WENDELL A BOYER | |||||||
| Director | 5.000 | Yes (X) | $9,975 | $0 | $0 | ||
| BARBARA L MILLER | |||||||
| Director | 9.000 | Yes (X) | $13,300 | $0 | $0 | ||
| SHANE L LARSON | |||||||
| CEO | 60.00 | Yes (X) | $466,138 | $0 | $167,363 | ||
| WILLIAM WRIGHT | |||||||
| Lineman | 43.00 | $132,270 | $0 | $40,391 | Yes (X) | ||
| JUSTIN J BUSFIELD | |||||||
| Lineman | 46.00 | $133,002 | $0 | $41,040 | Yes (X) | ||
| LAVERNE J SLABACK | |||||||
| Lineman | 46.00 | $142,182 | $0 | $38,300 | Yes (X) | ||
| STEVEN B WHITE | |||||||
| Lineman | 46.00 | $138,302 | $0 | $40,193 | Yes (X) | ||
| CHRISTOPHER R TULLAR | |||||||
| Operations Manager | 50.00 | $151,081 | $0 | $58,996 | Yes (X) | ||
| THERESA HUBER | |||||||
| Director | 4.500 | Yes (X) | $14,000 | $0 | $0 | ||
| WILLIAM F DIETSCH | |||||||
| Vice Chairman | Yes (X) | Yes (X) | $1,400 | $0 | $0 | ||
| DERIK ROTH | |||||||
| Director | 4.000 | Yes (X) | $7,700 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,272,450 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $386,283 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 25 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| J&R Underground LLC | |||||
| 916 Blake Street | Blanchardville | WI | 53516 | TrenchingBoring | $1,615,182 |
| Asplundh | |||||
| 1700 Solutions Center | Chicago | IL | 60677 | Tree Trimming | $1,575,182 |
| MP Systems | |||||
| 5477 S Westridge Crt | New Berlin | WI | 53151 | Electric Line Work | $1,374,503 |
| Vangaurd Utility Partners | |||||
| 5927 Haase Rd | Deforest | WI | 53532 | Locating | $599,703 |
| Corporate Contractors Inc | |||||
| 3800 Milwaukee Rd Ste 200 | Beloit | WI | 53511 | Building Improvements | $164,710 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Energy Sales | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $63,678,282 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $63,678,282 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $63,678,282 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $977,237 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $787,933 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $189,304 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $181,782 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $181,782 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $181,782 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $181,782 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $174,555 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $77,178 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $97,377 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $97,377 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $97,377 | RelatedOrExemptFuncIncomeAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $1,965 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $1,527 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $438 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $438 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $64,935,116 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $64,745,812 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $189,304 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,940,623 | TotalAmt |
| Program Services | $3,940,623 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $742,976 | TotalAmt |
| Program Services | $742,976 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,249,481 | TotalAmt |
| Program Services | $3,249,481 | ProgramServicesAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $589,543 | TotalAmt |
| Program Services | $589,543 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $657,739 | TotalAmt |
| Program Services | $657,739 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $381,859 | TotalAmt |
| Program Services | $381,859 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,118 | TotalAmt |
| Program Services | $74,118 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,433 | TotalAmt |
| Program Services | $24,433 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,807 | TotalAmt |
| Program Services | $72,807 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $304,756 | TotalAmt |
| Program Services | $304,756 | ProgramServicesAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $262,429 | TotalAmt |
| Program Services | $262,429 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,516 | TotalAmt |
| Program Services | $118,516 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,793 | TotalAmt |
| Program Services | $50,793 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,051 | TotalAmt |
| Program Services | $110,051 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,650,737 | TotalAmt |
| Program Services | $2,650,737 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,447,483 | TotalAmt |
| Program Services | $5,447,483 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $148,755 | TotalAmt |
| Program Services | $148,755 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Purchased Energy-Wholesal | $40,704,175 | $40,704,175 |
| Property Taxes | $508,206 | $508,206 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,895,636 | TotalAmt |
| Program Services | $4,895,636 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,935,116 | TotalAmt |
| Program Services | $64,935,116 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,714 | BOYAmt |
| EOY | $271,979 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,651,594 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,082,693 | BOYAmt |
| EOY | $4,180,929 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,005,667 | BOYAmt |
| EOY | $2,109,298 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $351,731 | BOYAmt |
| EOY | $514,584 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $170,039,758 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $59,616,958 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,137,646 | BOYAmt |
| EOY | $110,422,800 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $484,630 | BOYAmt |
| EOY | $612,477 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,809,298 | BOYAmt |
| EOY | $8,202,470 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,748,706 | BOYAmt |
| EOY | $1,591,590 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,709,085 | BOYAmt |
| EOY | $129,557,721 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,628,780 | BOYAmt |
| EOY | $10,853,320 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,591,369 | BOYAmt |
| EOY | $58,375,127 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $582,790 | BOYAmt |
| EOY | $5,354,935 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,802,939 | BOYAmt |
| EOY | $74,583,382 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,149,069 | BOYAmt |
| EOY | $53,225,188 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,757,077 | BOYAmt |
| EOY | $1,749,151 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,906,146 | BOYAmt |
| EOY | $54,974,339 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,709,085 | BOYAmt |
| EOY | $129,557,721 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $2,068,193 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $491,869 | InvestmentCostOrOtherBasisAmt |
| Book Value | $491,869 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $7,765,646 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $2,618,948 | DepreciationAmt |
| Book Value | $5,146,698 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $158,302,251 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $56,998,010 | DepreciationAmt |
| Book Value | $101,304,241 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $3,479,992 | InvestmentCostOrOtherBasisAmt |
| Book Value | $3,479,992 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $110,422,800 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Homestead Funds | Desc |
| Book Value | $612,477 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $612,477 | TotalBookValueSecuritiesAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| NRUCFC | $4,314,633 | C |
| American Transmission Com | $2,950,676 | C |
| RESCO | $460,518 | C |
| Federated Rural Insurance | $296,608 | C |
| NISC | $150,399 | C |
| Other | $29,636 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $8,202,470 | TotalBookValueProgramRltdAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Prepaid Pension Plan Cost | $327,069 |
| Regulatory Assets | $900,000 |
| Deferred Maintenance | $364,521 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,591,590 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Refundable Deposits | Desc |
| Amt | $5,354,935 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,354,935 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $64,935,116 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $64,935,116 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $64,935,116 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $60,994,491 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $60,994,491 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,940,625 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,940,625 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $64,935,116 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| P12, Ln 4b | Represents allocated patronage dividends which are not expenses under GAAP |
| P12, Ln 4b | accounting, but specified as reportable expense per Form 990 instructions. |
| Other | Sch D Part VI Ln 1d includes warehouse & office equipment, vehicles & the |
| Other | electric/natural gas distribution systems. |
| Other | Sch D Part VI Ln 1e represents construction work in process |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt |
|---|---|---|---|---|
| RONALD F RICHARDS | ||||
| Director | $15,075 | $15,075 | ||
| MARIAN A TRESCHER | ||||
| Secretary | $10,650 | $10,650 | ||
| WILLIAM E FISCHER | ||||
| Director | $10,850 | $10,850 | ||
| TODD THOMPSON | ||||
| Director | $14,000 | $14,000 | ||
| CLARK A SCHOONOVER | ||||
| Chairman | $12,525 | $12,525 | ||
| WENDELL A BOYER | ||||
| Director | $9,975 | $9,975 | ||
| BARBARA L MILLER | ||||
| Director | $13,300 | $13,300 | ||
| SHANE L LARSON | ||||
| CEO | $466,138 | $633,501 | $143,686 | $23,677 |
| WILLIAM WRIGHT | ||||
| Lineman | $132,270 | $172,661 | $13,785 | $26,606 |
| JUSTIN J BUSFIELD | ||||
| Lineman | $133,002 | $174,042 | $13,785 | $27,255 |
| LAVERNE J SLABACK | ||||
| Lineman | $142,182 | $180,482 | $14,077 | $24,223 |
| STEVEN B WHITE | ||||
| Lineman | $138,302 | $178,495 | $14,077 | $26,116 |
| CHRISTOPHER R TULLAR | ||||
| Operations Manager | $151,081 | $210,077 | $31,971 | $27,025 |
| THERESA HUBER | ||||
| Director | $14,000 | $14,000 | ||
| WILLIAM F DIETSCH | ||||
| Vice Chairman | $1,400 | $1,400 | ||
| DERIK ROTH | ||||
| Director | $7,700 | $7,700 | ||
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 4b | Executive Benefit Restor- |
| Part I, Line 4b | ation deferred compensta- |
| Part I, Line 4b | tion plan for select em- |
| Part I, Line 4b | ployees. No payments made |
| Part I, Line 4b | out of this plan in 2023. |
| Part I, Line 4b | 2023 actuarial expense - |
| Part I, Line 4b | recorded of $66,070 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (21 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part VI Line 11b | Form 990 is distributed and reviewed at a monthly board meeting for |
| Part VI Line 11b | approval. |
| Part VI Line 12c | Completion of disclosure surveys are required annually |
| Part VI Line 15a or b | All salaries are approved by the board of directors including the CEO. This |
| Part VI Line 15a or b | has been the process all along - 2023 and 2024. |
| Part VI Line 19 | Documents are available upon request and financial statements are |
| Part VI Line 19 | in annual meeting notice. |
| Part XI Line 9 | Consists of allocated patronage dividends less net retirements. |
| Part VI Line 6 | All parties to which energy is distributed are members. |
| Part VI Line 7a | The governing body of the Cooperative is elected by its members. |
| Part VI Line 7a | Each member is entitled to one vote |
| Part VI Line 7b | Certain decisions (changes in by-laws) are subject to a vote by the members |
| Part VI Line 8a | Recorded in Minutes |
| Part VI Line 8b | Recorded in Minutes |
| Part XII Line 2c | No change |
| Part VI Line 15a or b | Salary data for key employees of similar organizations has been considered. |
| Part VI Line 15b | Salary data for key employees of similar organizations has been considered. |
| Part XI Line 9 | Consists of allocated patronage dividends less net retirements. Expenses on |
| Part XI Line 9 | Form 990 but not on GAAP statements. |
| Part VI Line 11b | Distributed and reviewed at a monthly board meeting. |
| Part VI Line 12c | Completion of disclosure surveys are required annually. |