Grundy Electric Cooperative Incorporated
- Assets
- $57.3m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 45
- Location
- Trenton, MO
- Founding
- 01/1940
- Data as of
- 12/2022
- EIN
- 44-0270266
Organization Overview
Grundy Electric Cooperative Incorporated is located in Trenton, 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 12/2022, Grundy Electric Cooperative Incorporated employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grundy 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 12/2022, Grundy Electric Cooperative Incorporated generated $15.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $15.2m during the year ending 12/2022. While expenses have increased by 1.7% 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
COMMITTED TO PROVIDING THE MEMBERS WITH COMPETITIVELY PRICED, QUALITY ELECTRIC SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRIC SERVICE TO THE MEMBERSHIP OF THE COOPERATIVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Wilson CEO & Manager | Officer | 50 | $204,703 |
Keith Vandevender Area Supervisor | 55 | $126,325 | |
Cathy Mckay Office Manager | Officer | 50 | $124,247 |
Jeff Pash Operations Manager | 50 | $120,585 | |
Troy Slagle It Manager | 50 | $105,907 | |
Scott Crawford Lead Lineman | 46 | $104,892 |
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 | $15,357,132 |
| Investment income | $85,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $15,443,021 |
| 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 | $567,941 |
| Compensation of current officers, directors, key employees. | $530,784 |
| 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 | $974,229 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,341,305 |
| Insurance | $0 |
| All other expenses | $939,306 |
| Total functional expenses | $15,229,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,897 |
| Savings and temporary cash investments | $1,644,527 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,510,928 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,110,180 |
| Net Land, buildings, and equipment | $42,171,088 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $10,597,159 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,314,779 |
| Accounts payable and accrued expenses | $1,357,259 |
| 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 | $33,209,069 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,570,408 |
| Total liabilities | $36,136,736 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $25,345 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $21,152,698 |
| Total liabilities and net assets/fund balances | $57,314,779 |