West-Central Electric Cooperative Inc
- Assets
- $93.8m
- Revenue
- $34.5m
- Investments
- $0.0
- Employees
- 44
- Location
- Higginsville, MO
- Founding
- 02/1943
- Data as of
- 12/2022
- EIN
- 44-0483533
Organization Overview
West-Central Electric Cooperative Inc is located in Higginsville, 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 12/2022, West-Central Electric Cooperative Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West-Central 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 12/2022, West-Central Electric Cooperative Inc generated $34.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $34.5m during the year ending 12/2022. While expenses have increased by 3.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WEST CENTRAL ELECTRIC COOPERATIVE FOCUSES ON ENHANCING THE QUALITY OF LIFE FOR OUR MEMBERS BY PROVIDING SAFE, RELIABLE, AND AFFORDABLE ELECTRICITY IN A PROFESSIONAL MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEST CENTRAL ELECTRIC NOW PROVIDES POWER TO MORE THAN 14,700 METERS THROUGH 2,600 MILES OF LINE IN FIVE COUNTIES, INCLUDING LAFAYETTE, JOHNSON, EASTERN JACKSON AND A SMALL PART OF CASS AND PETTIS COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Gray General Mana | Officer | 40 | $192,897 |
Peter Nelson Engineering | 45 | $118,386 | |
Randy Burkeybile Operations M | 45 | $118,684 | |
William Mackie Jr Foreman | 43 | $111,747 | |
Todd Gast Foreman | 44 | $113,851 | |
Matt Schellman Foreman | 44 | $119,117 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kiowa Line Builders Inc Tree Trimming | 12/30/22 | $939,423 |
Scobee Powerline Construction Powerline Const | 12/30/22 | $800,850 |
Asplundh Tree Trimming | 12/30/22 | $491,494 |
Nisc Software Provid | 12/30/22 | $264,484 |
Apex Row Llc Row-herbicide | 12/30/22 | $115,892 |
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 | $34,250,974 |
| Investment income | $180,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $46,839 |
| 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 | $34,486,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,278,745 |
| Compensation of current officers, directors, key employees. | $640,139 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,123,321 |
| 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 | $1,382,428 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,560,041 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $34,486,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,530,942 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,391,131 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $474,853 |
| Prepaid expenses and deferred charges | $75,556 |
| Net Land, buildings, and equipment | $68,070,730 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $20,224,742 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $93,767,954 |
| Accounts payable and accrued expenses | $3,250,824 |
| Grants payable | $0 |
| Deferred revenue | $3,147,685 |
| 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 | $49,062,067 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $485,136 |
| Total liabilities | $55,945,712 |
| 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 | $37,822,242 |
| Total liabilities and net assets/fund balances | $93,767,954 |