Cuivre River Electric Cooperative Incorporated
- Assets
- $339.5m
- Revenue
- $127.6m
- Investments
- $0.0
- Employees
- 147
- Location
- Troy, MO
- Founding
- 02/1943
- Data as of
- 12/2021
- EIN
- 43-0233223
Organization Overview
Cuivre River Electric Cooperative Incorporated is located in Troy, MO. The organization was established in 1943. 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, Cuivre River Electric Cooperative Incorporated employed 147 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cuivre River Electric Cooperative Incorporated 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, Cuivre River Electric Cooperative Incorporated generated $127.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $127.7m during the year ending 12/2021. While expenses have increased by 2.6% 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
DISTRIBUTE ELECTRICITY TO MEMBER CONSUMERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CUIVRE RIVER ELECTRIC IS AN ELECTRIC DISTRIBUTION COOPERATIVE THAT PROVIDES ELECTRIC SERVICE TO 60,896 MEMBER OWNERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Tracy President/ CEO | Officer | 50 | $424,602 |
Richard Didion VP Engineeing & Operations | 45 | $197,075 | |
Keith Stone VP Economic Development | Officer | 48 | $164,800 |
Rick Meyer Operations Manager | 45 | $146,764 | |
Clint Courtney Supervising Crew Chief | 50 | $144,875 | |
Wendy Mcelvain VP Finance And Accounting | Officer | 48 | $141,928 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asplundh Tree Expert Co Tree Trimming | 12/30/21 | $2,027,892 |
Tom's Tree Service Tree Trimming | 12/30/21 | $3,993,607 |
Meridian Cooperative Inc Software Maintenance | 12/30/21 | $1,108,268 |
Usic Locating Services Locating Services | 12/30/21 | $523,387 |
Midwest Spray Team Sales Vegetation Control | 12/30/21 | $306,410 |
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 | $126,813,583 |
| Investment income | $372,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $343,559 |
| Net Gain/Loss on Asset Sales | $49,012 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,455 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,588,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,241 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $7,296,206 |
| Compensation of current officers, directors, key employees. | $1,456,090 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,208,976 |
| Pension plan accruals and contributions | $2,280,615 |
| Other employee benefits | $1,589,673 |
| Payroll taxes | $913,729 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,494 |
| Fees for services: Accounting | $43,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,549 |
| Advertising and promotion | $614,197 |
| Office expenses | $670,037 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $159,541 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $137,038 |
| Interest | $5,090,797 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,471,654 |
| Insurance | $378 |
| All other expenses | $1,529,116 |
| Total functional expenses | $127,745,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,573,036 |
| Savings and temporary cash investments | $8,250,630 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,337,885 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $219,121 |
| Inventories for sale or use | $5,240,610 |
| Prepaid expenses and deferred charges | $1,949,546 |
| Net Land, buildings, and equipment | $225,198,476 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $79,740,845 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $339,510,149 |
| Accounts payable and accrued expenses | $14,957,129 |
| Grants payable | $0 |
| Deferred revenue | $9,940,665 |
| 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 | $163,890,893 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,883,245 |
| Total liabilities | $194,671,932 |
| 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 | $144,838,217 |
| Total liabilities and net assets/fund balances | $339,510,149 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Kentucky Power Cooperative Inc Winchester, KY | $3,550,114,968 | $954,101,068 |
Middle Tennessee Electric Membership Corporation Murfreesboro, TN | $972,885,002 | $816,151,968 |
Kenergy Corp Henderson, KY | $260,651,880 | $473,591,627 |
Cumberland Electric Membership Corp Clarksville, TN | $559,882,187 | $327,722,843 |
Volunteer Energy Cooperative Decatur, TN | $369,462,846 | $270,037,507 |
Midwest Energy Inc Hays, KS | $627,319,066 | $242,109,196 |
Carroll Electric Cooperative Corporation Berryville, AR | $756,571,061 | $239,227,342 |
Nebraska Electric Generation And Transmission Cooperative Inc Columbus, NE | $24,698,351 | $237,875,387 |
First Electric Cooperative Corporation Jacksonville, AR | $572,577,962 | $234,356,715 |
Central Electric Power Cooperative Jefferson City, MO | $478,589,080 | $224,762,707 |
Duck River Electric Membership Corporation Shelbyville, TN | $294,861,810 | $219,371,768 |
Mississippi County Electric Cooperative Inc Blytheville, AR | $148,581,171 | $213,607,546 |