Western Illinois Electrical Coop
- Assets
- $25.6m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 14
- Location
- Carthage, IL
- Founding
- 03/1939
- Data as of
- 12/2022
- EIN
- 37-0580852
Organization Overview
Western Illinois Electrical Coop is located in Carthage, IL. The organization was established in 1939. 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, Western Illinois Electrical Coop employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Illinois Electrical Coop 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, Western Illinois Electrical Coop generated $10.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $10.5m during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 7 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
WE ARE COMMITTED TO GIVE OUR MEMBER-OWNERS THE MOST RELIABLE, COST- EFFECTIVE ELECTRIC ENERGY SERVICES POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESTERN ILLINOIS ELECTRICAL COOP. IS A MEMBER-OWNED ELECTRICAL COOPERATIVE THAT PROVIDES SERVICE TO APPROXIMATELY 3,600 MEMBERS IN THE RURAL AREAS OF HANCOCK, SOUTHERN HENDERSON, PARTS OF ADAMS AND MCDONOUGH COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Todd Grotts Manager | Officer | 40 | $138,029 |
Eric Albert Johnson Line Foreman | 40 | $111,841 | |
Andrew J Lafeber Crew Foreman | 40 | $101,579 | |
Wendi Renea Whitaker Finance & Ac | Officer | 40 | $70,573 |
Mark Burling Director | Trustee | 1.56 | $2,400 |
Jay Morrison Director | Trustee | 1.08 | $1,700 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kc Construction Inc Materials/labor | 12/30/21 | $196,470 |
Illinois Forest Products Co Inc Tree Trimming | 12/30/21 | $195,958 |
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 | $10,402,651 |
| Investment income | $29,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,572 |
| Net Gain/Loss on Asset Sales | $10,754 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,459,583 |
| 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 | $730,626 |
| Compensation of current officers, directors, key employees. | $319,917 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $317,777 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $292,734 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $797,941 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,459,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $787,159 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $849,081 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,832,687 |
| Inventories for sale or use | $405,441 |
| Prepaid expenses and deferred charges | $81,644 |
| Net Land, buildings, and equipment | $16,414,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,181,625 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,552,342 |
| Accounts payable and accrued expenses | $951,017 |
| Grants payable | $0 |
| Deferred revenue | $123,086 |
| 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 | $9,782,262 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,856,365 |
| 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 | $13,975 |
| Retained earnings, endowment, accumulated income, or other funds | $14,682,002 |
| Total liabilities and net assets/fund balances | $25,552,342 |