Consolidated Electric Cooperative
- Assets
- $67.5m
- Revenue
- $25.5m
- Investments
- $1.8k
- Employees
- 39
- Location
- Mexico, MO
- Founding
- 08/1939
- Data as of
- 12/2021
- EIN
- 43-0226184
Organization Overview
Consolidated Electric Cooperative is located in Mexico, MO. 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 12/2021, Consolidated Electric Cooperative employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consolidated 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 12/2021, Consolidated Electric Cooperative generated $25.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $24.1m during the year ending 12/2021. While expenses have increased by 1.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEMBER-OWNERS WITH QUALITY, RELIABLE ELECTRIC AND RELATED SERVICES CONSISTENT WITH SOUND BUSINESS PRACTICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE DISTRIBUTES ELECTRIC ENERGY TO RURAL CONSUMER/MEMBERS IN EIGHT COUNTIES WITH APPROXIMATELY 6,360 MEMBERS. THE COOPERATIVE WILL CONTINUE TO MAINTAIN AND UPGRADE ELECTRIC LINES TO PROVIDE RELIABLE ELECTRIC SERVICE ON A COOPERATIVE BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Thompson General Manager | Officer | 42 | $200,436 |
Steven Tiller Working Forman | 49 | $134,805 | |
M Troy Crum Operations Coordinator | 42 | $129,495 | |
Carl Aulbur Operations Superintendent | 40 | $127,700 | |
Daniel Schutte Working Foreman | 46 | $120,706 | |
Kenneth Walker Lineman | 47 | $115,885 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tom's Tree Service Row Clearing | 12/30/21 | $739,708 |
Nisc Computer Software | 12/30/21 | $115,111 |
Osmose Utility Services Pole Inspection | 12/30/21 | $146,828 |
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 | $25,440,133 |
| Investment income | $35,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $72,417 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,548,026 |
| 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 | $1,295,123 |
| Compensation of current officers, directors, key employees. | $447,906 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $915,403 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,015,596 |
| Insurance | $0 |
| All other expenses | $530,736 |
| Total functional expenses | $24,069,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,668 |
| Savings and temporary cash investments | $5,055,035 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,693,218 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $788,180 |
| Prepaid expenses and deferred charges | $55,404 |
| Net Land, buildings, and equipment | $43,645,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,793 |
| Investments—program-related | $15,011,081 |
| Intangible assets | $0 |
| Other assets | $45,738 |
| Total assets | $67,513,704 |
| Accounts payable and accrued expenses | $2,094,160 |
| Grants payable | $0 |
| Deferred revenue | $800,000 |
| 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 | $33,530,012 |
| Unsecured mortgages and notes payable | $60,889 |
| Other liabilities | $1,528,577 |
| Total liabilities | $38,013,638 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $145,510 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $29,354,556 |
| Total liabilities and net assets/fund balances | $67,513,704 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black River Electric Cooperative Fredericktown, MO | $138,131,330 | $49,558,459 |
Shelby Energy Cooperative Inc Shelbyville, KY | $128,023,912 | $48,869,118 |
Tri-County Electric Cooperative Mount Vernon, IL | $133,948,921 | $48,522,537 |
Cumberland Valley Electric Co-Op Corp Gray, KY | $124,042,321 | $47,250,559 |
Rural Electric Co Op Inc Lindsay, OK | $94,050,768 | $47,989,459 |
Kiamichi Electric Cooperative Inc Wilburton, OK | $118,158,279 | $46,432,215 |
Pickwick Electric Cooperative Selmer, TN | $93,706,292 | $47,229,186 |
New Mac Electric Cooperative Inc Neosho, MO | $135,294,797 | $45,962,047 |
C & L Electric Cooperative Corporation Star City, AR | $139,600,891 | $49,154,793 |
Three Rivers Electric Cooperative Linn, MO | $111,680,117 | $44,711,641 |
Western Cooperative Electric Association Inc Wakeeney, KS | $116,000,475 | $44,441,643 |
Tennessee Valley Electric Cooperative Savannah, TN | $70,169,300 | $47,105,536 |