STRATEGY STUDIO / PUBLIC DATA EXPLORER

ILLINOIS ELECTRIC COOPERATIVE: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
ILLINOIS ELECTRIC COOPERATIVE (EIN 37-0345145)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-14
IRS object ID
202532879349301298
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

FieldValueIRS element (for citing)
Return2025-10-14T13:44:07-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12689 COMMERCE DRIVE NW SUITE 201AddressLine1Txt
CityROCHESTERCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55901ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN370345145EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ILLINOIS ELECTRIC COOPERATIVEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlILLIBusinessNameControlTxt
Phone2172438700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 SOUTH MAIN STREETAddressLine1Txt
CityWINCHESTERCityNm
State AbbreviationILStateAbbreviationCd
ZIP62694ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJIM FREEMANPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2172438700PhoneNum
Signature2025-10-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKATHERINE LUTZKE CPAPreparerPersonNm
PTINP01760889PTIN
Phone5072802300PhoneNum
Preparation2025-10-08PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJIM FREEMANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 SOUTH MAIN STREETAddressLine1Txt
CityWINCHESTERCityNm
State AbbreviationILStateAbbreviationCd
ZIP62694ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$45,797,830GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.E-CO-OP.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1936FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionDEDICATED TO IMPROVING THE QUALITY OF LIFE FOR MEMBERS THROUGH DEPENDABILITY AND INNOVATION.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee65TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$42,738,948PYProgramServiceRevenueAmt
CY Program Service Revenue$43,926,273CYProgramServiceRevenueAmt
PY Investment Income$384,751PYInvestmentIncomeAmt
CY Investment Income$621,719CYInvestmentIncomeAmt
PY Other Revenue$1,204,196PYOtherRevenueAmt
CY Other Revenue$1,225,064CYOtherRevenueAmt
PY Total Revenue$44,327,895PYTotalRevenueAmt
CY Total Revenue$45,773,056CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$2,358,837PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$3,002,469CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$613,086PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$682,177CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$39,362,263PYOtherExpensesAmt
CY Other Expenses$40,298,225CYOtherExpensesAmt
PY Total Expenses$42,334,186PYTotalExpensesAmt
CY Total Expenses$43,982,871CYTotalExpensesAmt
PY Revenues Less Expenses$1,993,709PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,790,185CYRevenuesLessExpensesAmt
Total Assets BOY$152,796,039TotalAssetsBOYAmt
Total Assets EOY$160,795,905TotalAssetsEOYAmt
Total Liabilities BOY$94,048,435TotalLiabilitiesBOYAmt
Total Liabilities EOY$98,480,664TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$58,747,604NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$62,315,241NetAssetsOrFundBalancesEOYAmt
MissionIN THE COOPERATIVE TRADITION, ILLINOIS ELECTRIC IS DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR OUR MEMBERS THROUGH DEPENDABILITY AND INNOVATION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescWE PROVIDED 195,642,000 KILOWATT HOURS OF ELECTRICITY TO APPROXIMATELY 10,200 RURAL ACCOUNTS IN ALL OR PART OF TEN COUNTIES IN THE STATE OF ILLINOIS AND WILL CONTINUE THIS IN THE FUTURE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescWE PROVIDED INTERNET SERVICES TO APPROXIMATELY 6,450 CONSUMERS IN ALL OR PART OF TEN COUNTIES IN THE STATE OF ILLINOIS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescIN 2015 WE BEGAN OFFERING INTERNET AND PHONE THROUGH OUR NEWLY CONSTRUCTED FIBER INFRASTRUCTURE IN THE TOWNS OF WINCHESTER AND BLUFFS, SERVING 700 CONSUMERS. WE HAVE EXPANDED THIS SERVICE IN TO CALHOUN COUNTY SERVING AN ADDITIONAL 1,200 CONSUMERS. WE EXPECT OUR PHONE AND INTERNET PROGRAM TO CONTINUE GROWING IN THE FUTURE.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document25IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee65EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Members And Shr Gross Income$44,629,913MembersAndShrGrossIncomeAmt
Other Sources Gross Income$2,024,523OtherSourcesGrossIncomeAmt
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SETH BUSHNELLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2172438700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 SOUTH MAIN STREETAddressLine1Txt
CityWINCHESTERCityNm
State AbbreviationILStateAbbreviationCd
ZIP62694ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
THOMAS D MEEHAN III
PRESIDENT11.900.00Yes (X)Yes (X)$21,800$0$0
JENNA MORROW
VICE PRESIDENT4.500.00Yes (X)Yes (X)$7,900$0$0
JIM FREEMAN
TREASURER2.700.00Yes (X)Yes (X)$7,750$0$0
KEVIN BRANNAN
SECRETARY8.800.00Yes (X)Yes (X)$10,850$0$0
JULIA EBERLIN
DIRECTOR2.800.00Yes (X)$4,650$0$0
LUKE FRALEY
DIRECTOR1.300.00Yes (X)$4,250$0$0
JULIE RHOADS
DIRECTOR4.700.00Yes (X)$6,050$0$0
KRISTINE BINGHAM
DIRECTOR13.400.00Yes (X)$9,600$0$0
BRYAN HUBBERT
DIRECTOR1.300.00Yes (X)$4,850$0$0
PAT STENDBACK
DIRECTOR3.400.00Yes (X)$7,200$0$0
KEVIN KLEIN
DIRECTOR10.800.00Yes (X)$13,100$0$0
PATRICK SIMON
DIRECTOR - PART YEAR1.900.00Yes (X)$4,000$0$0
RANDALL LONG
GENERAL MANAGER40.000.00Yes (X)$291,780$0$26,550
SETH BUSHNELL
MANAGER OF FINANCE40.000.00Yes (X)$209,806$0$52,041
MATTHEW HAVERFIELD
NETWORK ANALYST40.000.00$167,134$0$31,134Yes (X)
BRENDA BETTIS
LOSS CONTROL SUPERVISOR40.000.00$265,936$0$3,466Yes (X)
JOSEPH KILLDAY
JOURNEYMAN SERVICEMAN40.000.00$183,349$0$10,367Yes (X)
JOSEPH ALEXANDER
JOURNEYMAN SERVICEMAN40.000.00$168,219$0$21,780Yes (X)
KURTIS WEBER
DESIGN ENGINEER40.000.00$152,979$0$24,247Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,541,203TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$169,585TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K32IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
SCOBEE POWERLINE CONSTRUCTION LLC
602 LANA DRIVE SUITE ECAMERONMO64429ELECTRIC LINE CONTRACTOR$955,056
ERVIN CABLE CONSTRUCTION LLC
450 PRYOR BLVDSTRUGISKY42459CABLE CONTRACTOR$887,142
SELLENRIEK ENERGY LLC
313 N GLADSTONE AVEJONESBURGMO63351ELECTRIC LINE CONTRACTOR$610,512
WIEMELT PLUMBING & EXCAVATING INC
2709 PARKER DRIVEQUINCYIL62305FIBER LINE CONTRACTOR$477,833
GOUND OUTDOOR MANAGEMENT INC
126 E PATTERSON STROODHOUSEIL62082CONTRACT FORESTRY CLEARING$470,053
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K9CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SALE OF POWER221000$38,028,875$38,028,875
INTERNET REVENUES517000$5,559,302$5,559,302
OTHER ELECTRIC REVENUE221000$338,096$338,096
FieldValueIRS element (for citing)
Total Program Service Revenue$43,926,273TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$444,593TotalRevenueColumnAmt
Exclusion$444,593ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$201,900OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$24,774OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$177,126OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$177,126TotalRevenueColumnAmt
Exclusion$177,126ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
CAPITAL CREDITS221000$1,182,930$1,182,930
MISCELLANEOUS221000$42,134$42,134
FieldValueIRS element (for citing)
Other Revenue Total$1,225,064OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$45,773,056TotalRevenueColumnAmt
Related Or Exempt Func Income$45,151,337RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$621,719ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$3,002,469TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$682,177TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,584,273TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$6,214,641TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
COST OF POWER$19,222,676
DIST EXP - MAINTENANCE$3,414,804
INTERNET COST OF SALES$3,045,854
ADMIN & GENERAL EXP$2,068,253

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,747,724TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$43,982,871TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$594,141BOYAmt
EOY$653,475EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,507,077BOYAmt
EOY$175,475EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,066,467BOYAmt
EOY$2,324,184EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$741,903BOYAmt
EOY$244,733EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$3,104,156BOYAmt
EOY$2,987,459EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$283,876BOYAmt
EOY$464,492EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$164,876,722LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$35,186,981LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$123,349,072BOYAmt
EOY$129,689,741EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,518,292BOYAmt
EOY$5,182,844EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$331,233BOYAmt
EOY$508,892EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$14,055,294BOYAmt
EOY$15,183,766EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$9,169BOYAmt
EOY$9,169EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$3,235,359BOYAmt
EOY$3,371,675EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$152,796,039BOYAmt
EOY$160,795,905EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,165,793BOYAmt
EOY$3,668,309EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$83,366,312BOYAmt
EOY$86,697,142EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$4,006,899BOYAmt
EOY$4,045,470EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,509,431BOYAmt
EOY$4,069,743EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$94,048,435BOYAmt
EOY$98,480,664EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$58,747,604BOYAmt
EOY$62,315,241EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$58,747,604BOYAmt
EOY$62,315,241EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$152,796,039BOYAmt
EOY$160,795,905EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$1,790,185ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$46,266NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$1,823,718OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$625,595OtherCostOrOtherBasisAmt
Book Value$625,595BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,669,276OtherCostOrOtherBasisAmt
Depreciation$1,621,925DepreciationAmt
Book Value$1,047,351BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$23,018,581OtherCostOrOtherBasisAmt
Depreciation$16,009,726DepreciationAmt
Book Value$7,008,855BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$138,563,270OtherCostOrOtherBasisAmt
Depreciation$17,555,330DepreciationAmt
Book Value$121,007,940BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$129,689,741TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
PAT CAP IN ASSOC. ORGS.$14,226,783C
NRUCFC CAPITAL TERM CERTS$782,274C
OTHER INVESTMENTS$27,700C
DEFERRED COMP. FUND$147,009C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$15,183,766TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
CONSUMER DEPOSITS$419,964
ACCUMULATED PROVISION FOR PENSION & BENEFITS$3,441,564
DEFERRED CREDITS$208,215
FieldValueIRS element (for citing)
Total Liability$4,069,743TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE COOPERATIVE HAS BEEN GRANTED TAX EXEMPT STATUS UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE (IRC). IRTC UTILIZES AN ASSET AND LIABILITY APPROACH TO FINANCIAL ACCOUNTING AND REPORTING FOR INCOME TAXES. DEFERRED INCOME TAXES ARE COMPUTED ANNUALLY FOR DIFFERENCES BETWEEN THE FINANCIAL STATEMENT AND TAX BASIS OF ASSETS AND LIABILITIES THAT WILL RESULT IN TAXABLE OR DEDUCTIBLE AMOUNTS IN THE FUTURE BASED ON ENACTED TAX LAWS AND RATES APPLICABLE TO THE PERIODS IN WHICH THE DIFFERENCES ARE EXPECTED TO AFFECT TAXABLE INCOME. SUCH DIFFERENCES RELATE PRIMARILY TO THE USE OF ACCELERATED DEPRECIATION METHODS FOR INCOME TAX PURPOSES AS COMPARED TO THE STRAIGHT-LINE METHOD FOR FINANCIAL REPORTING AND AMORTIZATION OF GOODWILL FOR INCOME TAX PURPOSES. VALUATION ALLOWANCES ARE ESTABLISHED WHEN NECESSARY TO REDUCE DEFERRED TAX ASSETS TO THE AMOUNT EXPECTED TO BE REALIZED. THE PROVISION FOR INCOME TAXES IS THE TAX PAYABLE OR REFUNDABLE FOR THE PERIOD PLUS OR MINUS THE CHANGE DURING THE PERIOD IN DEFERRED TAX ASSETS AND LIABILITIES. IRTC FILES A CONSOLIDATED TAX RETURN, WHICH INCLUDES ITS SUBSIDIARIES. THE CONSOLIDATED INCOME TAX PROVISION (BENEFIT) IS RECORDED BY IRTC AND IS NOT ALLOCATED TO ITS SUBSIDIARIES. THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
RANDALL LONG
GENERAL MANAGER$272,020$0$0$0$19,760$0$26,550$0$0$0$318,330$0$0$0
BRENDA BETTIS
LOSS CONTROL SUPERVISOR$43,000$0$0$0$222,936$0$3,466$0$0$0$269,402$0$0$0
SETH BUSHNELL
MANAGER OF FINANCE$183,431$0$0$0$26,375$0$52,041$0$0$0$261,847$0$0$0
MATTHEW HAVERFIELD
NETWORK ANALYST$156,532$0$0$0$10,602$0$31,134$0$0$0$198,268$0$0$0
JOSEPH KILLDAY
JOURNEYMAN SERVICEMAN$164,221$0$0$0$19,128$0$10,367$0$0$0$193,716$0$0$0
JOSEPH ALEXANDER
JOURNEYMAN SERVICEMAN$142,004$0$0$0$26,215$0$21,780$0$0$0$189,999$0$0$0
KURTIS WEBER
DESIGN ENGINEER$140,650$0$0$0$12,329$0$24,247$0$0$0$177,226$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 4BFormAndLineReferenceDesc
ExplanationRANDY LONG CONTRIBUTED $20,800 TO HIS 457 PLAN DURING 2024.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE COOPERATIVE HAS TWO CLASSES OF MEMBERS. CLASS A MEMBERS, ELECTRIC MEMBERS, HAVE VOTING RIGHTS, CLASS B MEMBERS INTERNET MEMBERS, DO NOT HAVE VOTING RIGHTS.
FORM 990, PART VI, SECTION A, LINE 7AEACH CUSTOMER WHO RECEIVES ELECTRIC SERVICE IS A CLASS A MEMBER. THESE MEMBERS ELECT THE MEMBERS OF THE BOARD OF DIRECTORS AND APPROVE SIGNIFICANT DECISIONS OF THE COOPERATIVE.
FORM 990, PART VI, SECTION A, LINE 7BTHE COOPERATIVE HAS ONE CLASS OF MEMBERSHIP THAT MUST VOTE ON CHANGES TO THE BYLAWS, ARTICLES OF INCORPORATION, AND SALE OF SUBSTANTIALLY ALL OF THE COOPERATIVE'S ASSETS.
FORM 990, PART VI, SECTION A, LINE 8BTHERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11BBEFORE THE 990 IS FILED, A FINAL DRAFT WILL BE REVIEWED BY THE BOARD AND DISCUSSED. QUESTIONS ANSWERED AND CORRECTIONS MADE IF NEEDED.
FORM 990, PART VI, SECTION B, LINE 12CCOUNSEL REVIEWS POLICY ANNUALLY WITH THE BOARD AND SENIOR MANAGEMENT. THE GENERAL MANAGER REVIEWS IT ANNUALLY WITH THE EMPLOYEES. DETERMINATIONS FOR THE BOARD ARE AT THE BOARD LEVEL, THE GENERAL MANAGER AT THE BOARD LEVEL AND ALL OTHER EMPLOYEES AT THE GENERAL MANAGER LEVEL. RESTRICTIONS ON THE BOARD IN THE INSTANCE OF A CONFLICT OF INTEREST DOES NOT ALLOW THEM TO VOTE ON THE MATTER AND EMPLOYEES ARE PROHIBITED FROM HAVING CONFLICTS OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15THE BOARD OF DIRECTORS DETERMINES THE GENERAL MANAGER'S COMPENSATION. IN MAKING THAT DETERMINATION, THEY USE BENCHMARK DATA FROM THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION AND THE ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES. THE PROCESS IS DOCUMENTED IN THE MINUTES OF THE BOARD'S MEETINGS. THIS PROCESS TAKES PLACE ANNUALLY ALONGSIDE A FORMAL REVIEW. THE MANAGEMENT OF THE COOPERATIVE DETERMINES THE COMPENSATION OF KEY EMPLOYEES. MANAGEMENT USES BENCHMARK DATA FROM THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION AND THE ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES. THIS PROCESS TAKES PLACE ANNUALLY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024.
FORM 990, PART VI, SECTION C, LINE 19THE COOPERATIVE'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AND ON OUR WEBSITE WWW.E-CO-OP.COM
FORM 990, PART XI, LINE 9:EQUITY IN EARNINGS IN SUBSIDIARY 177,659. PATRONAGE RETIRED -1,054,581. CHANGE IN OTHER COMPREHENSIVE INCOME -301,828. PATRONAGE DIVIDENDS ALLOCATED 3,002,468.
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 DIVIDENDS 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 13 OF THE FORM 990.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
ILLINOIS RURAL TELECOMMUNICATION CO
2 SOUTH MAIN STREETWINCHESTERIL62694371306087TELECOMMUNICATIONSILILLINOIS ELECTRIC COOPC$319,832$2,690,1431.00000Yes (1)
PRATHER OIL CO
2 SOUTH MAIN STREETWINCHESTERIL62694371112402SALE OF PROPANEILILLINOIS RURAL TELECOMMUNICATION COC1.000000
ILLINOIS PROPANE CO
2 SOUTH MAIN STREETWINCHESTERIL62694202239550SALE OF PROPANEILILLINOIS RURAL TELECOMMUNICATION COC1.000000
MIDSTATE PROPANE LLC
2 SOUTH MAIN STREETWINCHESTERIL62694371413502SALE OF PROPANEILILLINOIS RURAL TELECOMMUNICATION COC1.000000
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1ILLINOIS RURAL TELECOMMUNICATION COMPANYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeKTransactionTypeTxt
Involved$300,000InvolvedAmt
Method Of Amount DeterminationACTUALMethodOfAmountDeterminationTxt