Howell-Oregon Electric Cooperative Inc
- Assets
- $148.4m
- Revenue
- $27.2m
- Investments
- $0.0
- Employees
- 98
- Location
- West Plains, MO
- Founding
- 01/1942
- Data as of
- 12/2023
- EIN
- 44-0290777
Organization Overview
Howell-Oregon Electric Cooperative Inc is located in West Plains, MO. The organization was established in 1942. 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, Howell-Oregon Electric Cooperative Inc employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Howell-Oregon Electric Cooperative Inc 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, Howell-Oregon Electric Cooperative Inc generated $27.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $24.9m during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 9 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
PROVIDE THE LOWEST POSSIBLE ELECTRIC RATES FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE'S PURPOSE IS TO PROVIDE THE LOWEST POSSIBLE ELECTRIC RATES FOR MEMBERS AND THE END OF THE YEAR MARGINS ARE ASSIGNED TO THE MEMBERSHIP AS PATRONAGE CAPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Pace Director | Trustee | 3.25 | $5,600 |
Dennis Walton Secretary-Treasurer | OfficerTrustee | 4.08 | $6,800 |
Brandon Huffman Director | Trustee | 4.69 | $8,000 |
Scott Mahan Director | Trustee | 3.79 | $8,400 |
John Plummer Director | Trustee | 3.63 | $5,600 |
Garel Montgomery Assistant Secretary-Treasu | OfficerTrustee | 3.79 | $5,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kiowa Line Builders Inc Pole Changes | 12/30/23 | $4,731,764 |
Arkansas Electric Cooperative Right Of Way Clearing | 12/30/23 | $1,513,084 |
Pike Pole Changes | 12/30/23 | $955,990 |
Don Kelly Contractor Inc Boring | 12/30/23 | $374,011 |
Wa Kendall And Company Llc Right Of Way Clearing | 12/30/23 | $260,400 |
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 | $473,755 |
| Investment income | $1,012,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $25,685,526 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,224,158 |
| 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 | $1,740,175 |
| Compensation of current officers, directors, key employees. | $730,033 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,720,326 |
| Pension plan accruals and contributions | $1,138,338 |
| Other employee benefits | $1,974,694 |
| Payroll taxes | $400,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,170 |
| Fees for services: Accounting | $18,550 |
| 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 | $540,086 |
| Information technology | $29,514 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,367 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,247,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,384,468 |
| Insurance | $82,472 |
| All other expenses | $173,474 |
| Total functional expenses | $24,924,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $972,213 |
| Savings and temporary cash investments | $3,961,330 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,817,192 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $26,924 |
| Inventories for sale or use | $2,662,243 |
| Prepaid expenses and deferred charges | $148,714 |
| Net Land, buildings, and equipment | $116,559,012 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,288,947 |
| Total assets | $148,436,575 |
| Accounts payable and accrued expenses | $9,154,189 |
| Grants payable | $0 |
| Deferred revenue | $8,650,000 |
| 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 | $82,096,182 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $219,077 |
| Total liabilities | $100,119,448 |
| 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 | $48,317,127 |
| Total liabilities and net assets/fund balances | $148,436,575 |