HANCOCK-WOOD ELECTRIC COOPERATIVE: Form 990, tax year 2024
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- Organization
- HANCOCK-WOOD ELECTRIC COOPERATIVE (EIN 34-4253615)
- Tax period
- 2024-04-01 to 2025-03-31
- Filed
- 2025-08-13
- IRS object ID
- 202532259349301008
- Schema version
- 2024v5.2
- 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 | 2025-08-13T07:52:21-05:00 | ReturnTs |
| Tax Period End | 2025-03-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 363163136 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LWG CPAS & ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1776 N MERIDIAN ST STE 500 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-04-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 344253615 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HANCOCK-WOOD ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HANC | BusinessNameControlTxt |
| Phone | 8004454840 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1399 BUSINESS PARK DRIVE SOUTH | AddressLine1Txt |
| City | NORTH BALTIMORE | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 45872 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MELISSA SNYDER | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 4194234841 | PhoneNum |
| Signature | 2025-08-13 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Brian D Cherry | PreparerPersonNm |
| PTIN | P01355823 | PTIN |
| Phone | 3176344747 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MELISSA SNYDER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1399 BUSINESS PARK DRIVE SOUTH | AddressLine1Txt |
| City | NORTH BALTIMORE | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 45872 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $54,098,616 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.HWE.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | OH | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE PREMIUM QUALITY SERVICE, ECONOMICALLY PRICED ELECTRICITY AND OTHER UTILITY SERVICES TO MEMBERS AND COMMUNITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 50 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $51,012,197 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $52,779,734 | CYProgramServiceRevenueAmt |
| PY Investment Income | $220,029 | PYInvestmentIncomeAmt |
| CY Investment Income | $235,761 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,954,904 | PYOtherRevenueAmt |
| CY Other Revenue | $1,079,009 | CYOtherRevenueAmt |
| PY Total Revenue | $53,187,130 | PYTotalRevenueAmt |
| CY Total Revenue | $54,094,504 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $21,909 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $16,416 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,303,238 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $47,346,235 | PYOtherExpensesAmt |
| CY Other Expenses | $48,251,502 | CYOtherExpensesAmt |
| PY Total Expenses | $47,368,144 | PYTotalExpensesAmt |
| CY Total Expenses | $50,571,156 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,818,986 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,523,348 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $142,653,265 | TotalAssetsBOYAmt |
| Total Assets EOY | $144,416,943 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $61,537,150 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $62,859,196 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $81,116,115 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $81,557,747 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE PREMIUM QUALITY SERVICE, ECONOMICALLY PRICED ELECTRICITY AND OTHER UTILITY SERVICES TO OUR MEMBERS AND COMMUNITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $50,482,150 | ExpenseAmt |
| Grant | $16,416 | GrantAmt |
| Revenue | $52,779,734 | RevenueAmt |
| Desc | DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS. | Desc |
| Total Program Service Expenses | $50,482,150 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 53 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 50 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Members And Shr Gross Income | $52,779,734 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,314,770 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MELISSA SNYDER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4192575026 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1399 BUSINESS PARK DRIVE SOUTH | AddressLine1Txt |
| City | NORTH BALTIMORE | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 45872 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| Gene Baker | |||||||
| Chairman (thru 06/12/24) | 0.58 | Yes (X) | $2,700 | $0 | $0 | ||
| Charles Beagle | |||||||
| Trustee | 3.85 | Yes (X) | $8,450 | $0 | $0 | ||
| Ed Crawford | |||||||
| Trustee | 4.71 | Yes (X) | $10,100 | $0 | $0 | ||
| Lee Anne Dierksheide | |||||||
| Vice Chairman | 3.51 | Yes (X) | $10,975 | $0 | $0 | Yes (X) | |
| Duane Fry | |||||||
| Secretary/Treasurer | 4.33 | Yes (X) | $14,050 | $0 | $0 | Yes (X) | |
| William Kale | |||||||
| Chairman (06/25/24) | 4.81 | Yes (X) | $10,725 | $0 | $0 | Yes (X) | |
| Timothy Phillips | |||||||
| Trustee | 3.85 | Yes (X) | $11,600 | $0 | $0 | ||
| Ronald Riegle | |||||||
| Trustee | 1.72 | Yes (X) | $9,400 | $0 | $0 | ||
| Brian Terry | |||||||
| Trustee | 4.18 | Yes (X) | $11,500 | $0 | $0 | ||
| Max Rader | |||||||
| Trustee | 3.37 | Yes (X) | $7,650 | $0 | $0 | ||
| William Barnhart | |||||||
| President/CEO | 42.85 | $287,727 | $0 | $89,917 | Yes (X) | ||
| Melissa Snyder | |||||||
| CFO | 39.53 | $153,133 | $0 | $78,495 | Yes (X) | ||
| Curtis Croy | |||||||
| COO | 41.03 | $160,394 | $0 | $54,653 | Yes (X) | ||
| Bradley Fisher | |||||||
| Vice President Engineering | 41.44 | $166,251 | $0 | $76,415 | Yes (X) | ||
| James Casey | |||||||
| Lineman I | 39.62 | $132,006 | $0 | $31,966 | Yes (X) | ||
| Ryan Marquette | |||||||
| IT Manager | 42.81 | $131,425 | $0 | $66,620 | Yes (X) | ||
| Allen Riegle | |||||||
| Line Superintendent | 44.33 | $130,458 | $0 | $64,137 | Yes (X) | ||
| Ryan Stearns | |||||||
| Lineman I | 41.47 | $122,942 | $0 | $49,598 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,381,486 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $511,801 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 15 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| VAUGHN INDUSTRIES LLC | |||||
| 1201 E FINDLAY ST | CAREY | OH | 43316 | ELECTRIC CONTRACTOR | $916,698 |
| MCRILL DRILLING | |||||
| 17651 STATE ROUTE 12 | ARCADIA | OH | 44804 | DIRECTIONAL DRILLING | $465,639 |
| ASPLUNDH TREE EXPERT LLC | |||||
| 708 BALIR MILL ROAD | WILLOW GROVE | PA | 19090 | ROW CLEARING | $406,716 |
| THE DAVEY TREE EXPERT COMPANY | |||||
| 1500 NORTH MANTUA ST | KENT | OH | 44240 | ROW CLEARING | $159,246 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ELECTRIC REVENUES | 221000 | $52,198,999 | $52,198,999 |
| OTHER ELECTIC REVENUES | 221000 | $580,735 | $580,735 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $52,779,734 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $203,151 | TotalRevenueColumnAmt |
| Exclusion | $203,151 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $36,722 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $4,112 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $32,610 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $32,610 | TotalRevenueColumnAmt |
| Exclusion | $32,610 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| Patronage Revenue | 900001 | $1,103,533 | $1,103,533 |
| Miscellaneous Nonoperating Income | 221000 | -$24,524 | -$24,524 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,079,009 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $54,094,504 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $52,779,734 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,314,770 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,416 | TotalAmt |
| Program Services | $16,416 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $824,319 | TotalAmt |
| Program Services | $824,319 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $687,330 | TotalAmt |
| Program Services | $687,330 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $791,589 | TotalAmt |
| Program Services | $791,589 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,206 | TotalAmt |
| Management And General | $69,206 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,800 | TotalAmt |
| Management And General | $19,800 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,805 | TotalAmt |
| Program Services | $118,805 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $208,448 | TotalAmt |
| Program Services | $208,448 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $130,655 | TotalAmt |
| Program Services | $130,655 | ProgramServicesAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $540,687 | TotalAmt |
| Program Services | $540,687 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,387,369 | TotalAmt |
| Program Services | $4,387,369 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $234,169 | TotalAmt |
| Program Services | $234,169 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $200,869 | TotalAmt |
| Program Services | $200,869 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,004,345 | TotalAmt |
| Program Services | $2,004,345 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,074,962 | TotalAmt |
| Program Services | $4,074,962 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Purchased Power | $33,212,082 | $33,212,082 |
| Maintenance | $1,988,515 | $1,988,515 |
| Customer Account Expens | $530,726 | $530,726 |
| Administrative Expense | $525,227 | $525,227 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,637 | TotalAmt |
| Program Services | $5,637 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,571,156 | TotalAmt |
| Program Services | $50,482,150 | ProgramServicesAmt |
| Management And General | $89,006 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $937,899 | BOYAmt |
| EOY | $971,760 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,548,315 | BOYAmt |
| EOY | $2,861,252 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,884,407 | BOYAmt |
| EOY | $5,251,958 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,208,632 | BOYAmt |
| EOY | $1,860,845 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,089,629 | BOYAmt |
| EOY | $512,131 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $142,059,572 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $34,405,457 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,419,958 | BOYAmt |
| EOY | $107,654,115 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,564,425 | BOYAmt |
| EOY | $25,304,882 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $142,653,265 | BOYAmt |
| EOY | $144,416,943 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,317,963 | BOYAmt |
| EOY | $5,444,124 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,073,011 | BOYAmt |
| EOY | $55,166,895 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $146,176 | BOYAmt |
| EOY | $2,248,177 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,537,150 | BOYAmt |
| EOY | $62,859,196 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,116,115 | BOYAmt |
| EOY | $81,557,747 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,116,115 | BOYAmt |
| EOY | $81,557,747 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $142,653,265 | BOYAmt |
| EOY | $144,416,943 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,523,348 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$3,081,716 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,003,179 | OtherCostOrOtherBasisAmt |
| Book Value | $2,003,179 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,918,255 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,081,337 | DepreciationAmt |
| Book Value | $3,836,918 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $129,138,138 | OtherCostOrOtherBasisAmt |
| Depreciation | $27,324,120 | DepreciationAmt |
| Book Value | $101,814,018 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $107,654,115 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Patronage Capital Investment | $20,090,005 | F |
| Other Investments in Associated Com | $2,048,940 | F |
| Capital Term Certificates Issued by | $628,871 | F |
| Investment in Subsidiary Company | $2,537,066 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $25,304,882 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Customer Deposits | $150,713 |
| accumulated provision for benefits | $2,097,464 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,248,177 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $54,094,504 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $54,094,504 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $54,094,504 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $50,571,156 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $50,571,156 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $50,571,156 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | Accounting for uncertain tax positions - The Company follows "Accounting for Uncertainty in Income Taxes." The generally accepted accounting principal provides detailed guidance for the consolidated financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an enterprise's financial statements. The accounting principal requires an entity to recognize the consolidated financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. The adoption of this accounting principal does not have a material effect on its financial position, results of operations or cash flows as the Company does not believe they are taking any uncertain tax positions. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | COLLEGE SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 6 | RecipientCnt |
| Cash Grant | $16,416 | CashGrantAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| William Barnhart | ||||||||||||||
| President/CEO | $287,727 | $0 | $0 | $0 | $0 | $0 | $78,555 | $0 | $11,362 | $0 | $377,644 | $0 | $0 | $0 |
| Bradley Fisher | ||||||||||||||
| Vice President Engineering | $166,251 | $0 | $0 | $0 | $0 | $0 | $47,357 | $0 | $29,058 | $0 | $242,666 | $0 | $0 | $0 |
| Melissa Snyder | ||||||||||||||
| CFO | $153,133 | $0 | $0 | $0 | $0 | $0 | $41,425 | $0 | $37,070 | $0 | $231,628 | $0 | $0 | $0 |
| Curtis Croy | ||||||||||||||
| COO | $160,394 | $0 | $0 | $0 | $0 | $0 | $42,055 | $0 | $12,598 | $0 | $215,047 | $0 | $0 | $0 |
| Ryan Marquette | ||||||||||||||
| IT Manager | $131,425 | $0 | $0 | $0 | $0 | $0 | $40,743 | $0 | $25,877 | $0 | $198,045 | $0 | $0 | $0 |
| Allen Riegle | ||||||||||||||
| Line Superintendent | $130,458 | $0 | $0 | $0 | $0 | $0 | $38,329 | $0 | $25,808 | $0 | $194,595 | $0 | $0 | $0 |
| Ryan Stearns | ||||||||||||||
| Lineman I | $122,942 | $0 | $0 | $0 | $0 | $0 | $24,019 | $0 | $25,579 | $0 | $172,540 | $0 | $0 | $0 |
| James Casey | ||||||||||||||
| Lineman I | $132,006 | $0 | $0 | $0 | $0 | $0 | $30,880 | $0 | $1,086 | $0 | $163,972 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| ED CRAWFORD | |||
| BOARD MEMBER | $309,090 | HANCOCK-WOOD ELECTRIC COOPERATIVE MAKES PAYMENTS TO OHIO RURAL ELECTRIC COOPERATIVES, INC. (OEC) FOR MEMBERSHIP DUES, TRAINING, AND OTHER SERVICES. MR. CRAWFORD SITS ON THE BOARD OF DIRECTORS FOR OEC. | 0 |
| ED CRAWFORD | |||
| BOARD MEMBER | $33,212,082 | HANCOCK-WOOD ELECTRIC COOPERATIVE MAKES PAYMENTS TO NATIONAL RURAL ELECTRIC COOPERATIVES ASSOCIATION (NRECA) FOR MEMBERSHIP DUES, RETIREMENT SECURITY, 401(K), AND GROUP INSURANCE BENEFITS. MR. CRAWFORD SITS ON THE BOARD OF DIRECTORS FOR NRECA.;ListTotal 1377023;ListTotal 1965022 | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 6 | MEMBERS OF THE COOPERATIVE OF THOSE WHOM RECEIVE ELECTRICITY FROM THE COOPERATIVE. THEY ARE CONSIDERED OWNERS OF THE COOPERATIVE AND ARE ENTITLED TO A PORTION OF THE INCOME. |
| Form 990, Part VI, Section A, line 7a | EACH OF THE COOPERATIVE'S TEN DISTRICTS VOTE FOR A TRUSTEE TO REPRESENT THEIR DISTRICT. DISTRICT ELECTIONS ARE DONE ON A ROTATING BASIS WITH EACH TRUSTEE SERVING A THREE YEAR TERM, LIMITED TO FOUR TERMS. |
| Form 990, Part VI, Section A, line 7b | MEMBERS OF THE COOPERATIVE CAN VOTE ON ANY CHANGES TO THE ARTICLES OF INCORPORATION AND CODE OF REGULATIONS AT THE ANNUAL MEMBER'S MEETING. |
| Form 990, Part VI, Section B, line 11b | THE FORM 990 IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW AT THE MONTHLY BOARD MEETING. |
| Form 990, Part VI, Section B, line 12c | Form 990, Part VI, Section B, Line 12c - AnnUally, the conflict of interest policy is distributed and reviewed with the board of directors. Officers and key employees, each is requested to disclose any conflict of interest and are required to sign and return significant confirmation that the policy was received and reviewed with them. |
| Form 990, Part VI, Section B, line 15 | PERIODICALLY, COMPENSATION SURVEYS ARE CONDUCTED BY AN INDEPENDENT ORGANIZATION. THIS IS USED TO SET WAGE SCALES FOR OFFICERS AND KEY EMPLOYEES. |
| Form 990, Part VI, Section C, line 18 | TAX RETURNS ARE AVAILABLE UPON REQUEST AT THE COOPERATIVE'S OFFICE. |
| Form 990, Part VI, Section C, line 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST OR VIA THE COOPERATIVE'S WEBSITE. FINANCIAL REPORTS ARE AVAILABLE AT THE ANNUAL MEETING. |
| Form 990, Part XI, line 9: | CAPITAL CREDIT RETIREMENTS -2,953,001. UNRECOGNIZED POSTRETIREMENT BENEFIT COST -128,715. |
| Form 990, Part XII, Line 2c: | There were no changes made from prior year. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRISM SOLUTIONS | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1399 BUSINESS PARK DRIVE SOUTH | AddressLine1Txt |
| City | NORTH BALTIMORE | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 45873 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 311559534 | EIN |
| Legal Domicile State | OH | LegalDomicileStateCd |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |