North Western Electric Cooperative
- Assets
- $42.6m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 20
- Location
- Bryan, OH
- Founding
- 12/1937
- Data as of
- 12/2022
- EIN
- 34-4317160
Organization Overview
North Western Electric Cooperative is located in Bryan, OH. The organization was established in 1937. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, North Western Electric Cooperative employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Western Electric Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, North Western Electric Cooperative generated $17.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $17.9m during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ELECTRICITY TO APPROXIMATELY 6,051 RURAL MEMBER CUSTOMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF ELECTRICAL ENERGY TO APPOXIMATELY 6,051 CONSUMERS AND THE MAINTENANCE OF 1,070 PLUS MILES OF OVERHEAD AND UNDERGROUND DISTRIBUTION LINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darin Thorp President | OfficerTrustee | 45 | $221,974 |
Andrew Overman Chief Financ | OfficerTrustee | 40 | $119,290 |
Kim Shoup Vice-Chairma | OfficerTrustee | 5 | $11,900 |
Ryan Wehri Vice Chairma | OfficerTrustee | 3 | $11,438 |
Chris Oberlin Chairman | Trustee | 4 | $11,275 |
Mitch Headley Secretary | Trustee | 3 | $11,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Saylor Tree Service & Stump Removal Row Maint | 12/30/22 | $291,340 |
Vaughn Industries Llc Dist Plant Cons | 12/30/22 | $260,980 |
National Information Solutions Coop Computer Suppor | 12/30/22 | $166,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $17,107,242 |
| Investment income | $665,912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $87,558 |
| Net Gain/Loss on Asset Sales | -$14,952 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,903,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,406,825 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $866,726 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $110,783 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,262 |
| Fees for services: Accounting | $18,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,134 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $689,423 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,451 |
| Interest | $563,666 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,274,186 |
| Insurance | $45,290 |
| All other expenses | $472,889 |
| Total functional expenses | $17,903,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,742 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,009,901 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,815,634 |
| Inventories for sale or use | $578,547 |
| Prepaid expenses and deferred charges | $40,275 |
| Net Land, buildings, and equipment | $27,778,344 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,052,415 |
| Intangible assets | $0 |
| Other assets | $262,327 |
| Total assets | $42,606,185 |
| Accounts payable and accrued expenses | $1,196,249 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $20,629,566 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,211,436 |
| Total liabilities | $23,037,251 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $19,568,934 |
| Total liabilities and net assets/fund balances | $42,606,185 |