2022-10-26T14:24:56-05:00 2021-12-31 FORVIS LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2021-01-01 430233223 CUIVRE RIVER ELECTRIC COOPERATIVE INC % WENDY MCELVAIN CUIV 8003923709 PO BOX 160 TROY MO 633790160 DOUG TRACY CEO 8003923709 2022-09-27 true DOUG TRACY 000000000 AMBER SHERRILL P00748683 5013721040 2 2021 2022-09-23 18:48:47Z WENDY MCELVAIN PO BOX 160 TROY MO 633790160 127613181 false X CUIVRE.COM X 1941 MO DISTRIBUTE ELECTRICITY TO MEMBER CONSUMERS 12 12 147 13 0 0 0 0 126557039 126813583 -1242426 421353 335704 353164 125650317 127588100 19965 25241 8891572 7296206 16709152 16449083 0 0 0 101330773 103974749 126951462 127745279 -1301145 -157179 333243701 339510149 186333193 194671932 146910508 144838217 BE A PROGRESSIVE LEADER IN THE ENERGY INDUSTRY, EMPOWERING EMPLOYEES TO SERVICE OUR MEMBERS USING INNOVATIVE ENERGY SOLUTIONS WHILE SAFELY PROVIDING RELIABLE SERVICE AT THE LOWEST POSSIBLE COST. false false CUIVRE RIVER ELECTRIC IS AN ELECTRIC DISTRIBUTION COOPERATIVE THAT PROVIDES ELECTRIC SERVICE TO 60,896 MEMBER OWNERS false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false false false true true false false true 55 0 true 147 true false false false false false 123997942 3311658 false false false X 12 12 false false false false true true true true true false false true true true true true true true true false MO X WENDY MCELVAIN 6366954811 1112 E CHERRY ST TROY MO 63379 X DOUG TRACY PRESIDENT/ CEO 50.0 0.0 X 424602 0 248165 Keith Stone VP Economic Development 48.0 0.0 X 164800 0 145780 Chris Ryan VP Member Engagement & Tech 42.0 0.0 X 140125 0 107241 Richard Didion VP ENGINEEING & OPERATIONS 45.0 0.0 X 197075 0 14278 KEVIN HURD Manager Administrative Service 42.0 0.0 X 123472 0 74475 Clint Courtney Supervising Crew Chief 50.0 0.0 X 144875 0 52055 Wendy McElvain VP FINANCE AND ACCOUNTING 48.0 0.0 X 141928 0 42019 Greg Hartley Journeyman Lineman 51.0 0.0 X 138735 0 22419 Rick Meyer OPERATIONS MANAGER 45.0 0.0 X 146764 0 10443 TED HOUSE DIRECTOR 2.57 0.0 X 10500 0 0 DIANE SAALE DIRECTOR 2.55 0.0 X 8550 0 0 PHIL DUNK DIRECTOR 2.14 0.0 X 8500 0 0 JEFF GEISENDORFER DIRECTOR 1.42 0.0 X 8400 0 0 DANIEL ELLIOT DIRECTOR 2.51 0.0 X 7550 0 0 MARK SCHULTE DIRECTOR 1.68 0.0 X 7050 0 0 MICHAEL CHERRY DIRECTOR 1.71 0.0 X 6950 0 0 Dale Anderson DIRECTOR 1.52 0.0 X 6800 0 0 MICHAEL BURKEMPER DIRECTOR 1.27 0.0 X 6800 0 0 WALTER GREGORY DIRECTOR 1.33 0.0 X 6500 0 0 DENISE O'MARA DIRECTOR 1.03 0.0 X 5800 0 0 PAUL RUBY DIRECTOR 1.81 0.0 X 4650 0 0 Steve Coffey DIRECTOR 0.68 0.0 X 2800 0 0 1713226 0 716875 54 false true false TOM'S TREE SERVICE ST CHARLES ROCK ROAD SAINT ANN MO 63074 TREE TRIMMING 3993607 ASPLUNDH TREE EXPERT CO 104 S MCKINLEY AVE C UNION MO 63084 TREE TRIMMING 2027892 Meridian Cooperative Inc 100 Ashford Center North Suite 500 ATLANTA GA 30338 Software Maintenance 1108268 USIC Locating Services 1933 Westridge Dr IRVING TX 75038 Locating services 523387 Midwest Spray Team Sales 1424 NW 103 street CLIVE IA 50325 Vegetation Control 306410 9 X 0 SALES OF ELECTRIC ENERGY 221000 123368570 123368570 G&T CAPITAL CREDITS 221000 2701262 2701262 OTHER CAPITAL CREDITS 221000 609372 609372 SURGE SUPPRESSOR INCOME 221000 134379 134379 126813583 372341 372341 0 0 36147 307412 36147 307412 343559 343559 65181 16169 49012 49012 49012 0 0 0 0 0 0 18367 8912 9455 9455 All Other Misc Revenue 150 150 150 150 150 127588100 126813583 774517 25241 0 0 7296206 1456090 0 10208976 2280615 1589673 913729 0 28494 43480 0 0 0 53549 614197 670037 0 0 159541 0 0 137038 5090797 0 9471654 378 COST OF ELECTRIC POWER 79141451 CONSUMER ACCOUNTS 2804324 DISTRIBUTION EXPENSE 2604792 ADMINISTRATIVE & GENERAL 1625901 1529116 127745279 7871734 7573036 4868596 8250630 0 0 12062256 11337885 0 0 0 0 183333 219121 4198859 5240610 2695935 1949546 323942656 98744180 223172571 225198476 0 0 0 0 78190417 79740845 0 0 0 0 333243701 339510149 11435606 14957129 0 0 9795594 9940665 0 0 0 0 0 0 158940188 163890893 0 0 6161805 5883245 186333193 194671932 X 0 0 0 0 146910508 144838217 146910508 144838217 333243701 339510149 X -157179 -1915112 X false true X true false 0 1581038 1581038 0 18436505 13269940 5166565 0 300082886 85474240 214608646 0 3842227 3842227 225198476 PATRONAGE CAPITAL-ASSOC COOPS 76221882 C INVESTMENT IN CFC 2703561 C INVESTMENT IN ASSOC ORGS 5822 C NONUTILITY PROPERTY 7234 C OTHER SPECIAL FUNDS 802346 C 79740845 0 Unamortized Gain on Debt 189440 Consumer Deposits 2464760 Accum PostRetirement Benefits 3229045 5883245 127588100 127588100 127588100 120449073 120449073 7296206 7296206 127745279 form 990, schedule d, part x, line 2 management has evaluated their income tax positions under the guidance included in asc 740. based on their review, management has not identified any material tax positions to be recorded or disclosed in the financial statements. FORM 990, SCHEDULE D, PART XII, LINE 4B PATRONAGE CAPITAL ALLOCATED $7,296,206 X X false false false Keith Stone VP Economic Development 164800 0 0 0 0 0 126457 0 19323 0 310580 0 145780 0 Clint Courtney Supervising Crew Chief 144875 0 0 0 0 0 31867 0 20189 0 196931 0 52055 0 KEVIN HURD Manager Administrative Service 123472 0 0 0 0 0 62047 0 12427 0 197946 0 74475 0 Wendy McElvain VP FINANCE AND ACCOUNTING 141928 0 0 0 0 0 21830 0 20189 0 183947 0 0 0 Richard Didion VP ENGINEEING & OPERATIONS 197075 0 0 0 0 0 1235 0 13043 0 211353 0 0 0 Rick Meyer OPERATIONS MANAGER 146764 0 0 0 0 0 1452 0 8991 0 157207 0 0 0 Chris Ryan VP Member Engagement & Tech 140125 0 0 0 0 0 90586 0 16654 0 247365 0 107241 0 Greg Hartley Journeyman Lineman 138735 0 0 0 0 0 12010 0 10409 0 161154 0 0 0 DOUG TRACY PRESIDENT/ CEO 424602 0 0 0 0 0 232203 0 15962 0 672767 0 0 0 FORM 990, SCHEDULE J, PART II, COLUMN C Retirement and other deferred compensation is not actual received annual compensation to the individual, rather it is an actuarial amount of benefits for anticipated retirement distribution upon normal retirement age. The amount is used for accounting purposes by the cooperative annually. FORM 990, PART VI, SECTION A, LINE 6 ALL CUSTOMERS OF THE COOPERATIVE ARE MEMBER OWNERS. MEMBERS HAVE THE SAME RIGHTS TO ELECT INDIVIDUALS TO THE BOARD OF DIRECTORS AND VOTE ON BY LAW REVISIONS. MEMBERS RECEIVE PATRONAGE CAPITAL ALLOCATIONS BASED ON THEIR ELECTRIC REVENUE CONTRIBUTED LESS POWER COSTS. FORM 990, PART VI, SECTION A, LINE 7A ALL BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE AT THE ANNUAL MEETING, IN PERSON OR BY ABSENTEE VOTING. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE COOPERATIVE VOTE ON PROPOSED BY LAW CHANGED EACH YEAR DURING ANNUAL MEETING, IN PERSON OR BY ABSENTEE VOTING FORM 990, PART VI, SECTION B, LINE 11B A PRELIMINARY COPY IS PRESENTED TO THE BOARD OF DIRECTORS, CEO AND MANAGER OF FINANCE AND ACCOUTNING FOR REVIEW. THE RETURN IS THEN PRESENTED FOR FINAL REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS. ONCE FINAL CHANGES ARE MADE, THE BOARD AND MANAGEMENT AUTHORIZE IT FOR SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS COMPLETE A QUESTIONNAIRE ANNUALLY TO DETERMINE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15A & 15B THE ORGANIZATION HAS A WAGE & SALARY PLAN IN PLACE WITH EACH JOB POSITION ASSIGNED A CLASSIFICATION LEVEL. THIS PLAN IS REVIEWED ANNUALLY BY THE CEO AND MANAGER OF ADMINISTRATION AND PRESENTED TO THE BOARD FOR APPROVAL OF WAGE ADJUSMENTS. THE REVIEW INCLUDES COMPARING CREC'S PLAN TO A NATIONAL COMPENSATION SURVEY PROVIDED BY NRECA, PLANS OF COOPERATIVES OF SIMILAR SIZE AND DEMOGRAPHICS AND PLANS OF BUSINESSES IN METROPOLITAN AREAS. THE BOARD OF DIRECTORS REVIEWS THE CEO COMPENSATION. AN ANALYSIS IS CONDUCTED AND A FULL REPORT IS PRESENTED TO THE MANAGER OF HUMAN RESOURCES, CEO, AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9 2021 PATRONAGE ALLOCATED TO MEMBERS: $7,296,206 RETIREMENT OF CAPITAL CREDITS: $(8,015,990) UNCLAIMED CAPITAL CREDITS: $868,480 ACTUARIAL LOSS: $99,411 OTHER: $(2,163,219) --------------- TOTAL OTHER CHANGES $ (1,915,112) FORM 990, PART XII, LINE 2C THE ORGANIZATION'S BOARD OF DIRECTORS ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS NOT CHANGED THE OVERSIGHT FROM PRIOR YEARS. CUIVRE RIVER ELECTRIC TRUST 1112 EAST CHERRY STREET TROY MO 63379 431789426 CHARITY MO 501(C)(3) 7 CREC true CUIVRE RIVER ELECTRIC SERVICE CO 1112 EAST CHERRY STREET TROY MO 63379 431439246 INACTIVE MO CREC C CORPORATION 0 0 1.00000 true false false false false false false false false false false false false false false false false false false false