2025-11-17T07:56:59-06:00 2024-12-31 363163136 LWG CPAS & ADVISORS 101 WEST OHIO STREET SUITE 1401 INDIANAPOLIS IN 46204 990 2024-01-01 370442695 NORRIS ELECTRIC COOPERATIVE NORR 6187838765 8543 N STATE HWY 130 NEWTON IL 62448 TAMARA PHILLIPS GENERAL MANAGER 6187838765 2025-11-17 1 1 BRIAN D CHERRY P01355823 3176344747 2024 2025-03-06 01:10:19Z TAMARA PHILLIPS 8543 N STATE HWY 130 NEWTON IL 62448 53278799 0 X WWW.NORRISELECTRIC.COM X 1938 IL DISTRIBUTION OF ELECTRICITY TO RURAL MEMBERS OF THE COOPERATIVE 11 11 54 0 0 0 0 0 51065795 52785205 237822 268200 301010 196744 51604627 53250149 0 0 0 0 489269 470228 0 0 0 49587995 51986514 50077264 52456742 1527363 793407 142761430 147320775 67472730 72649380 75288700 74671395 TO PROVIDE ELECTRICITY AND OTHER SERVICES TO ITS MEMBERS. 0 0 52456742 52981904 DISTRIBUTION OF ELECTRICITY TO RURAL MEMBERS. 52456742 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 1 0 0 0 0 0 0 0 0 1 53 0 54 1 1 1 0 0 0 0 0 0 52981904 268245 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X NORRIS ELECTRIC COOPERATIVE 6187838765 ROUTE 130 SOUTH NEWTON IL 62448 AVA LEMMON DIRECTOR 2.14 X 9459 0 0 BRANDON GRAVES VICE-PRESIDENT 2.59 X X 9456 0 0 DAN STRINE TREASURER 1.93 X X 10629 0 0 DAVE SHEPPARD DIRECTOR 2.96 X 12257 0 0 DAVE THOELE DIRECTOR 1.40 X 5464 0 0 GORDON MCCLURE PRESIDENT 2.56 X X 8603 0 0 JUSTIN PARCEL DIRECTOR 0.64 X 3691 0 0 KURT HOLSCHER DIRECTOR 1.06 X 5008 0 0 RON VIEHMAN DIRECTOR 2.18 X 11112 0 0 SCOTT WEISS DIRECTOR 0.91 X 3924 0 0 TED HELMINK DIRECTOR 1.38 X 5549 0 0 GILBERT GARBE DIRECTOR (THRU 02/24) 1.00 X 873 0 0 TAMARA PHILLIPS MANAGER 50.00 X 232835 0 55667 IAN MOORE MAINT LINEMAN JOURNEYMAN 51.04 X 168838 0 56047 JEFFREY HIGGS LINE FOREMAN 49.56 X 171244 0 56391 RALPH BOWERSOCK JR MAINT LINEMAN JOURNEYMAN 51.54 X 173158 0 57553 CONNOR WALTERS JOURNEYMAN LINEMAN 49.98 X 158852 0 54662 STEVEN P HUNZINGER MAINT LINEMAN JOURNEYMAN 50.34 X 162236 0 44377 1153188 0 324697 34 0 1 0 ASPLUNDH TREE EXPERTS CO 1700 SOLUTIONS CENTER CHICAGO IL 60677 RIGHT OF WAY CLEARING 1487599 OSMOSE UTILITIES SERVICE INC PO BOX 736729 DALLAS TX 75373 UTILITY CONSTRUCTION 908087 INTREN 18202 W UNION RD UNION IL 60180 UTILITY CONSTRUCTION 803508 HENKELS & MCCOY INC 2268 COLLECTION CENTER DRIVE CHICAGO IL 60693 UTILITY CONSTRUCTION 301751 GILLTREE INC 1592 COUNTY ROAD 2725 EAST MT ERIE IL 62466 ENGINEERING/CONSTRUCTION 164340 5 SMALL SINGLE PHASE 221000 30066866 30066866 COMMERCIAL & INDUSTRIAL SALES 221000 15859841 15859841 RESIDENTIAL A-D 221000 3697498 3697498 SMALL ELECTRIC HEAT-AE 221000 2726389 2726389 PUBLIC AUTHORITY SALES 221000 315420 315420 119191 119191 52785205 255460 255460 41390 28650 12740 12740 12740 PATRONAGE REVENUE 900099 196699 196699 NON-OPERATING INCOME 221000 45 45 196744 53250149 52981904 0 268245 373653 96575 83582 15775 596085 45636 2069793 6173932 PURCHASED POWER 33014250 MAINTENANCE 4941956 ADMINISTRATIVE EXPENSE 2780995 OPERATIONS 1445166 819344 52456742 2503348 2287185 4381611 4297219 2918230 3590225 118409 112543 183314625 53789083 127014527 129525542 5825305 7508061 142761430 147320775 4250169 4571478 57487520 61306293 5735041 6771609 67472730 72649380 X 0 0 6413265 6413265 68875435 68258130 75288700 74671395 142761430 147320775 X 793407 -1410712 X X 0 1 X 1 0 510529 510529 2752825 1226709 1526116 180051271 52562374 127488897 129525542 INVESTMENTS ASSOC ORG/CRC 27484 F INVESTMENTS ASSOC ORG/FED-ICWCG 284572 F OTHER INVESTMENTS 440764 F OTHER INVESTMENTS/SEDC-CC 185793 F OTHER INVESTMENTS/NRTC-CC 374976 F RURAL ECONOMIC DEVELOP LOAN - USDA 1209010 F OTHER INVESTMENTS/NGPL WDS 3493981 F OTHER INVESTMENTS/R&R FUND 205048 F OTHER INVESTMENTS/PLANT ADDITION 119502 F NGPL WDS MM ACCOUNT 103051 F RENEWAL & REPLACEMENT INVESTED 300432 F RESTRICTED FUNDS CONTINGENCY 763448 F 7508061 CUSTOMER ADVANCES 6771609 6771609 X 53250149 0 53250149 0 53250149 52456742 0 52456742 0 52456742 PART X, LINE 2: THE COOPERATIVE FOLLOWS "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" GENERALLY ACCEPTED ACCOUNTING PRINCIPLE WHICH PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. THE ACCOUNTING PRINCIPLE REQUIRES AN ENTITY TO RECOGNIZE THE 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 PRINCIPLE DOES NOT HAVE A MATERIAL EFFECT ON ITS FINANCIAL POSITION, RESULTS OF OPERATIONS OR CASH FLOWS AS THE COOPERATIVE DOES NOT BELIEVE THEY ARE TAKING ANY UNCERTAIN TAX POSITIONS. FORM 990, PART XI, LINE 9 TOTAL ADJUSTMENTS TO NET ASSETS INCLUDES AMOUNTS THAT ARE PART OF RETAINED EARNINGS IN THE CURRENT YEAR. THE TOTAL IS MADE UP OF COMPREHENSIVE INCOME, PATRONAGE PAID TO MEMBERS, AND CHANGE IN MEMBERSHIPS. SEE SCHEDULE O FOR MORE DETAILS ON THESE EQUITY TRANSACTIONS. 1 X X 0 0 0 TAMARA PHILLIPS MANAGER 232835 0 0 0 0 0 32306 0 23361 0 288502 0 0 0 RALPH BOWERSOCK JR MAINT LINEMAN JOURNEYMAN 173158 0 0 0 0 0 24222 0 33331 0 230711 0 0 0 JEFFREY HIGGS LINE FOREMAN 171244 0 0 0 0 0 23961 0 32430 0 227635 0 0 0 IAN MOORE MAINT LINEMAN JOURNEYMAN 168838 0 0 0 0 0 23617 0 32430 0 224885 0 0 0 CONNOR WALTERS JOURNEYMAN LINEMAN 158852 0 0 0 0 0 22232 0 32430 0 213514 0 0 0 STEVEN P HUNZINGER MAINT LINEMAN JOURNEYMAN 162236 0 0 0 0 0 22675 0 21702 0 206613 0 0 0 TAMI PHILLIPS BOARD MEMBER 1771139 TAMI IS ON THE BOARD FOR UNITED UTILITY SUPPLY. THE COOPERATIVE PURCHASES TRANSFORMERS, WIRE, AND MISC. MATERIAL FROM UNITED UTILITY SUPPLY. 0 JUSTIN PARCEL BOARD MEMBER 379164 JUSTIN SITS AS A BOARD DIRECTOR FOR THE COOPERATIVE AND AS A BOARD DIRECTOR FOR THE ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES. THE COOPERATIVE MAKES PAYMENTS TO THE ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES FOR MEMBERSHIP DUES, TRAINING, AND OTHER SERVICES, 0 TAMI PHILLIPS BOARD MEMBER 0 TAMI IS A BOARD MEMBER FOR PEOPLES STATE BANK. THIS IS THE PRIMARY BANK THAT THE COOPERATIVE USES FOR ITS BANKING. 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF NORRIS ELECTRIC COOPERATIVE ALSO RECEIVE SERVICES FROM THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE COOPERATIVE ELECT THE MEMBERS OF THE BOARD ANNUALLY. BOARD MEMBERS HAVE STAGGERED TERMS AND ARE RE-ELECTED OVER A THREE YEAR CYCLE. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS TO BE MADE BY THE BOARD OF DIRECTORS MUST BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF THE ORGANIZATION REVIEWS ALL BUSINESS MATTERS PRIOR TO FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THIS IS DISCUSSED AT EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE ENTIRE BOARD USED A COMPENSATION STUDY OF OTHER MANAGER'S AND THE SIZE OF THEIR CO-OP. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE BY MAIL TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY IS AVAILABLE BY REQUEST, AND FINANCIAL STATEMENTS ARE AVAILABLE ONLINE AND AT THE ANNUAL MEETING. FORM 990, PART XI, LINE 9: PATRONAGE PAID TO MEMBERS -1,410,256. CHANGE IN MEMBERSHIPS -456. FORM 990, PART IX, LINE 4 THE COOPERATIVE HAS SHOWN PATRONAGE RETIREMENTS PAID TO ITS MEMBERS IN THE OTHER CHANGES IN EQUITY SECTION OF THIS RETURN (SCHEDULE D, PART XI, LINE 8). THIS PRESENTATION IS CONSISTENT WITH THE PRESENTATION IN PRIOR RETURNS AS WELL AS WITH PROPER ACCOUNTING PROCEDURES FOR EQUITY TRANSACTIONS. THE COOPERATIVE HAS NOT SHOWN ANY AMOUNT OF PATRONAGE RETIREMENTS ON FORM 990, LINE 4 OF SECTION IX (STATEMENT OF FUNCTIONAL EXPENSES). THE REASON THAT LINE 4 OF SECTION IX DOES NOT INCLUDE ANY RETIREMENTS FROM PATRONAGE IS DUE TO THE FACT THAT NONE OF THE AMOUNTS THAT WERE RETIRED FROM THE PATRONAGE OF THE COOPERATIVE WERE OPERATING EXPENDITURES, BUT RATHER WERE MERELY A RETURN OF THE COOPERATIVES EQUITY. THE PRESENTATION SHOWN BY THE COOPERATIVE WAS DONE IN ORDER TO ADEQUATELY SUPPLY ALL NECESSARY INFORMATION TO THE SERVICE AS WELL AS ACCURATELY DISCLOSE THE ACTIVITY OF THE COOPERATIVE FOR THE YEAR.