2017-04-16T15:46:31-07:00 2016-12-31 ALAN ZUMSTEIN 1032 CHETFORD DRIVE LEXINGTON KY 40509 990 2016-01-01 610294540 Nolin Rural Electric Cooperative Corp NOLI 2707656153 411Ring Road Elizabethtown KY 42701 Michael L Miller President & CEO 2017-04-16 false Alan Zumstein P00641130 8592647147 X 2016 2021-01-29 14:40:06Z 77615499 false false X www.nolin.com X 1937 KY Provide electric service on a patronage basis to a monthly average of over 34,900 consumers. 6 6 106 0 0 73007398 71673239 1863086 1675131 4112226 4267129 78982710 77615499 0 3818427 0 12262671 11055960 0 0 71034783 67548420 87115881 78604380 -8133171 -988881 185817730 186889850 118323959 120802895 67493771 66086955 Provide electric service on a patronage basis to a monthly average of over 34,900 consumers. false false 78604380 Provide electric service on a patronage basis to a monthly average of over 34,900 consumers. 78604380 false 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 false false false false false false false false false false true 27 0 true 106 true false false false false false false false false false 71673239 2447239 false false false X 6 6 false false false false true true true true true false false true true true true true true true true false X X Sara Roberson VP Finance 2707656153 411 Ring Road Elizabethtown KY 42701 David Brown Chairman 3.70 0.00 X X 23659 0 0 Gene Straney Vice Chairman 2.10 0.00 X X 18634 0 0 AL Rosenberger SEC/Treas 2.30 0.00 X X 19101 0 0 Lawrence Ireland Director 2.40 0.00 X 17866 0 0 Linda Grimes Director 4.60 0.00 X 23134 0 0 Raymond Thomas Director 2.20 0.00 X 22834 0 0 Michael Miller President/CEO 40.00 0.00 X 252555 0 19197 Vincent Heuser VP Operations/Engineering 40.00 0.00 X 202003 0 18675 Richard Ryan VP Member Svcs 40.00 0.00 X 136242 0 50600 Greg Lee VP, Ft. Knox Operations 40.00 0.00 X 118214 0 46519 Cheryl Thomas VP Office Services 40.00 0.00 X 121749 0 51569 Russ Stanger Sr Line Tech 40.00 0.00 X 106744 0 38177 Donald Propes Maintenance Super 40.00 0.00 X 118690 0 5720 David Cox IT Manager 40.00 0.00 X 106277 0 47070 David Johnston Ft Knox Team Lead 53.00 0.00 X 106264 0 39584 Robert Sands Generation Super 53.00 0.00 X 116170 0 35661 1510136 352772 13 false true false Asplundh Tree Expert company PO Box 532729 Atlanta GA 30353 ROW clearing 2167754 Trico Tiger Development LLC 8446 W Elder Rd Alden MI 49612 Power line construct 1977669 Hamilton Power Line Construction LLC PO Box 625 Bardstown KY 40004 Power line construct 634632 TNT Construction Inc 486 Berrytown Rd Rineyville KY 40162 Underground construc 191295 Bluegrass Septic Service LLC 12555 Hwy 60 Guston KY 40142 General construction 163413 5 0 Electric maintenance 221000 2486053 2486053 Sale electricity 221000 69179225 69179225 Sale of electric applianc 221000 7961 7961 71673239 1675131 1675131 0 0 0 0 0 0 0 G&T capital credit 221000 3495021 3495021 Joint use attachments 221000 302707 302707 Patronage capital assignd 221000 385220 385220 84181 84181 4267129 77615499 71673239 5942260 0 0 0 0 955992 955992 0 6706328 6706328 1515515 1515515 1300700 1300700 577425 577425 0 401954 401954 15000 15000 0 0 0 0 0 0 0 0 0 0 0 0 3223798 3223798 0 4569860 4569860 422864 422864 Cost of power 52919789 52919789 Distribution - maintenance 5637646 5637646 Administrative and general 4690601 4690601 Distribution - operations 4165464 4165464 -8498556 -8498556 78604380 78604380 0 0 1706407 1580543 0 0 7979448 9069002 0 0 64189767 58910646 1077448 1039773 27085 27798 115036709 43183652 69754993 71853057 0 0 38474598 42169233 0 2607984 2239798 185817730 186889850 9205309 10026136 93838720 96911558 15279930 13865201 118323959 120802895 X 275020 271095 -3125347 -2392812 70344098 68208672 67493771 66086955 185817730 186889850 X -988881 -417935 X false true X true false 115036709 43183652 71853057 71853057 42169233 Accrued expenses 1832415 Accumulated postretirement benefits 6467665 Consumer advances for construction 285558 Consumer deposits 2279563 Short term notes payable 3000000 13865201 77615499 77615499 77615499 78604380 78604380 78604380 X X false false false Cheryl Thomas VP Office Services 121749 51569 173318 David Cox IT Manager 106277 47070 153347 Greg Lee VP, Ft. Knox Operations 118214 46519 164733 Michael Miller President/CEO 252555 19197 271752 Richard Ryan VP Member Svcs 136242 50600 186842 Robert Sands Generation Super 116170 35661 151831 Vincent Heuser VP Operations/Engineering 202003 18675 220678 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Nominating committee meets every year to select member to run for director. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Nominating committee meets every year to select member to run for director. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Articles of Incorporation can only be changed by at least a 2/3 majority vote of the members. The Bylaws may be amended at any regular or special meeting of the Board of Directors, with a majority vote. Form 990, Part VI, Line 11b: Form 990 Review Process Directors are furnished a draft copy of the 990 prior to filing. May make inquiries of information contained in the filing. Additionally, directors meet with the independent auditor in a closed session and are able to ask questions at that time. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts A questionnaire is prepared by each director and key employee on an annual basis. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 15.a and b. The Board receives compensation data from both local and national surveys. The Board uses this data, along with a performance review, to set compensation. Each Director evaluates the President/CEO performance annually. The Board has used, and occassionally does, use an independent Human Resource consulting firm to review the compensation and process. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Articles of Incorporation and Bylaws are given to each new member. Annual financial statements and information is given to each member through a member magazine, at the annual membership meeting, and the are available on the Kentucky Public Service Commission website. Other Changes In Net Assets Or Fund Balances - Other Increases Comprehensive income-postretirement ben = $732535 Other Changes In Net Assets Or Fund Balances - Other Increases Margins allocated to members = $0 Other Changes In Net Assets Or Fund Balances - Other Decreases Memberships issued = -$3925 Other Changes In Net Assets Or Fund Balances - Other Decreases Net loss = -$988881 Other Changes In Net Assets Or Fund Balances - Other Increases Other equities = $69575 Other Changes In Net Assets Or Fund Balances - Other Decreases Refunds of capital credits = -$227239 Form 990, Part IX, Line 4 - Benefits paid to or for members Represents patronage capital allocated to members in accordance with the bylaws of the Cooperative. This reporting results in a difference between book income and income reported on the Form 990 by the same amount.