Three Rivers Electric Cooperative
- Assets
- $120.8m
- Revenue
- $48.2m
- Investments
- $0.0
- Employees
- 67
- Location
- Linn, MO
- Founding
- 04/1940
- Data as of
- 12/2023
- EIN
- 43-0552055
Organization Overview
Three Rivers Electric Cooperative is located in Linn, MO. The organization was established in 1940. 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 12/2023, Three Rivers Electric Cooperative employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Three Rivers 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 12/2023, Three Rivers Electric Cooperative generated $48.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $48.2m during the year ending 12/2023. While expenses have increased by 1.7% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTION OF ELECTRICITY TO CONSUMERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTE ELECTRICITY TO APPROXIMATELY 24,253 CUSTOMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Gaffke President | OfficerTrustee | 7 | $10,500 |
Linda Fahrenholtz Vice-President | OfficerTrustee | 7 | $10,500 |
Alan Mcneely Secretary/treasurer | OfficerTrustee | 7 | $12,900 |
Duane Paulsmeyer Director | Trustee | 7 | $13,500 |
Stephen Gumper Director | Trustee | 7 | $10,200 |
Mike Wyss Director | Trustee | 7 | $13,550 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hentges Tree Service Inc Tree Trimming/clearing | 12/30/23 | $1,828,456 |
Power Line Consultants Llc Line Construction | 12/30/23 | $855,757 |
Aspludh Tree Expert Company Tree Trimming/clearing | 12/30/23 | $709,887 |
Allen Line Clearance Llc Tree Trimming/clearing | 12/30/23 | $587,036 |
Osmose Utilitie Servics Inc Pole Treatments/inspection | 12/30/23 | $515,561 |
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 | $47,930,076 |
| Investment income | $259,915 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $781 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,189,109 |
| 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 | $3,257,924 |
| 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 | $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 | $1,888,873 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,828,461 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $48,189,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,718 |
| Savings and temporary cash investments | $2,245,301 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,556,609 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,678,447 |
| Prepaid expenses and deferred charges | $258,760 |
| Net Land, buildings, and equipment | $83,308,256 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $27,380,079 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $120,761,170 |
| Accounts payable and accrued expenses | $4,892,903 |
| Grants payable | $0 |
| Deferred revenue | $200,541 |
| 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 | $61,043,492 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $66,136,936 |
| 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 | $54,624,234 |
| Total liabilities and net assets/fund balances | $120,761,170 |