2020-11-09T10:02:26-06:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2019-01-01 390651310 TAYLOR ELECTRIC COOPERATIVE TAYL 7156782411 N1831 STATE HIGHWAY 13 MEDFORD WI 54451 KENNETH CEAGLSKE PRESIDENT/CEO 7156782411 2020-10-27 1 CRAIG POPENHAGEN P01587689 5072802300 2020-10-08 67.137.57.251 2020-10-27 10:10:05 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1C9123CBFBBEEFDA386F3BB1E4DC8BF32FBF933A 2019 2021-04-22 16:20:28Z KENNETH CEAGLSKE N1831 STATE HIGHWAY 13 MEDFORD WI 54451 10141198 0 X WWW.TAYLORELECTRIC.ORG X 1937 WI OUR MISSION IS TO BE OUR MEMBERS' MOST VALUABLE RESOURCE FOR ENERGY AND RELATED SERVICES. 7 7 15 0 3492 0 0 0 9891537 9810773 19662 16069 9017 284937 9920216 10111779 0 0 662058 739642 461788 397317 0 0 0 8770403 8948987 9894249 10085946 25967 25833 24471459 24984735 14410351 14451120 10061108 10533615 OUR MISSION IS TO BE OUR MEMBERS' MOST VALUABLE RESOURCE FOR ENERGY AND RELATED SERVICES. 0 0 THE COOPERATIVE SOLD 69,290,642 KWH OF ELECTRICITY TO 4,418 MEMBERS DURING 2019. IN CONNECTION WITH THE COOPERATIVE'S MISSION, THE COOPERATIVE CONTINUES TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO CUSTOMERS ON A NOT-FOR-PROFIT BASIS AND MAXIMUM VALUES TO MEMBERS CONSISTENT WITH THE WISE USE OF RESOURCES AND TECHNOLOGY. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 68 0 15 1 1 1 0 0 0 0 9849057 288399 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X PATRICIA NELSON 7156782411 N1831 STATE HIGHWAY 13 MEDFORD WI 54451 MICHAEL SCHAEFER PRESIDENT & CEO 45.00 X 146808 0 139432 KEVIN COMSTOCK LINE SUPERINTENDENT 45.00 X 107705 0 89331 PATRICIA NELSON MGR, FINANCE & ADMINISTRAT 45.00 X 97279 0 76474 PATRICIA WALDHART SECRETARY/TREASURER 5.10 X X 9175 0 0 CHARLES ZENNER VICE-CHAIRMAN 4.30 X X 7775 0 0 DEAN TESCH CHAIRMAN 4.30 X X 6275 0 0 JEFF ALBERS DIRECTOR (PART YEAR) 5.10 X 6075 0 0 BRIAN HALLGREN DIRECTOR 4.90 X 5675 0 0 JOANN SMITH DIRECTOR 2.60 X 5075 0 0 DENNIS ENGEL DIRECTOR 2.60 X 4275 0 0 RAYMOND HENRICHS DIRECTOR (PART YEAR) 2.00 X 1200 0 0 397317 0 305237 2 0 1 0 MAKOVSKY BRUSH SERVICE PO BOX 206 PRENTICE WI 54556 BRUSHING/TREE-TRIMMING 344208 NISC PO BOX 1147 MANDAN ND 58554 COMPUTER PROGRAMING 136389 2 GROSS ELECTRIC REVENUE 221000 9752517 9752517 SERVICES, CHARGES, & FEES 221000 58256 58256 9810773 14476 14476 1593 0 1593 1593 1593 38284 29419 8865 8865 CAPITAL CREDITS 900099 272330 272330 NONOPERATING INCOME 452000 3742 250 3492 276072 10111779 10092218 3492 16069 X 739642 397317 665010 854281 COST OF POWER 5485651 MAINTENANCE EXPENSE 626273 OPERATIONS EXPENSE 490424 CONSUMER ACCOUNTS 346373 480975 10085946 300 300 337269 375008 850963 882365 226504 226998 98645 108590 29801200 11226403 18213365 18574797 4518041 4645885 226372 170792 24471459 24984735 1146685 847042 13091326 13140559 172340 463519 14410351 14451120 X 0 0 10061108 10533615 0 0 10061108 10533615 24471459 24984735 X 25833 446674 X X 0 1 X 1 0 23271 23271 2133762 623721 1510041 22064490 9157088 12907402 5579677 1445594 4134083 18574797 INVESTMENT CTC, LTCT, ZTC - CFC 331764 C FEDERATED INSURANCE EQUITY 67157 C DAIRYLAND POWER COOP PATRONAGE 3605963 C NRUCFC-INVEST ASSOC CO 438019 C OTHER ASSOCIATED ORGANIZATIONS 202982 C 4645885 CUSTOMER DEPOSITS 80391 OTHER DEFERRED CREDITS 74322 PATRONAGE CAPITAL PAYABLE 713 ACCRUED PAYROLL 184134 ACCRUED INTEREST 123959 463519 X 10108937 0 10108937 2842 2842 10111779 9343462 0 9343462 742484 742484 10085946 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED AT DECEMBER 31, 2019 AND 2018. THE COOPERATIVE HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2019 AND 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: NONOPERATING EXPENSES 2,842. PART XII, LINE 4B - OTHER ADJUSTMENTS: NONOPERATING EXPENSES 2,842. NET MARGIN 739,642. X X 0 0 0 MICHAEL SCHAEFER PRESIDENT & CEO 146808 0 0 0 0 0 115677 0 23755 0 286240 0 0 0 KEVIN COMSTOCK LINE SUPERINTENDENT 107705 0 0 0 0 0 65600 0 23731 0 197036 0 0 0 PATRICIA NELSON MGR, FINANCE & ADMINISTRAT 97279 0 0 0 0 0 65562 0 10912 0 173753 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON WHO REQUESTS SERVICE FROM THE COOPERATIVE SUBJECT TO THE CONDITIONS APPLICABLE TO ALL PATRONS OF THE SAME CLASS OF SERVICE, UPON RECEIPT OF SUCH SERVICE SHALL BE DEEMED A MEMBER WITH THE SAME RIGHTS AND PRIVILEGES AS EACH OTHER MEMBER OF SUCH CLASS. FORM 990, PART VI, SECTION A, LINE 7A CANDIDATES FOR POSITIONS ON THE BOARD OF DIRECTORS ARE NOMINATED BY A NOMINATING COMMITTEE AND/OR BY PETITION SIGNED BY NOT LESS THAN 25 MEMBERS. THE BOARD OF DIRECTORS MAY APPOINT AN ELIGIBLE MEMBER TO FILL A VACANT POSITION ON THE BOARD. THAT MEMEBER MUST STAND FOR ELECTION AT THE NEXT ANNUAL MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER HAS ONE VOTE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CEO AND THE VICE PRESIDENT OF FINANCE. THE 990 IS THEN FORWARDED TO ALL BOARD MEMBERS PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF THE CONFLICTS OF INTEREST POLICY IS MONITORED ON AN ONGOING BASIS WITH MANAGEMENT AND THE BOARD AS WELL AS SPECIAL CONSIDERATIONS AT TIME OF HIRE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS COMPARED THE CEO/GENERAL MANAGER'S SALARY TO DATA BY NRECA'S NATIONAL CONSULTING GROUP OF ALL ELECTRIC COOPERATIVE MANAGERS IN THE REGION. THIS DECISION IS DISCUSSED IN A SPECIAL MEETING OF THE BOARD OF DIRECTORS AND IS DOCUMENTED IN THOSE MINUTES. CEO/GENERAL MANAGER COMPARES OTHER OFFICERS AND/OR KEY STAFF TO DATA BY NRECA'S NATIONAL CONSULTING GROUP OF ALL ELECTRIC COOPERATIVE LISTED POSITIONS IN THE REGION. THIS INFORMATION IS KEPT BY THE CEO/GENERAL MANAGER. THE BOARD OF DIRECTORS APPROVES ALL SALARY INCREASES AND THE PROCESS IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 4 THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4. THE ORGANIZATION HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO MEAN PATRONAGE DIVDENDS ALLOCATED OR TO BE ALLOCATED FOR THE CURRENT YEAR. SINCE THIS ALLOCATION IS NOT AN EXPENSE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THIS HAS RESULTED IN A RECONCILING ITEM TO NET ASSETS IN PART XI ON PAGE 12 OF THE FORM 990. FORM 990, PART XI, LINE 9: MARGINS ALLOCATED TO MEMBERS 739,642. RETIREMENT OF CAPITAL CREDITS -309,724. NET CHANGE TO OTHER EQUITIES FOR RETIREMENTS 16,756. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES TO THE OVERSIGHT PROCESS.