Caney Valley Electric Cooperative Association Inc
- Assets
- $33.0m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 22
- Location
- Cedar Vale, KS
- Founding
- 01/1955
- Data as of
- 12/2023
- EIN
- 48-0498898
Organization Overview
Caney Valley Electric Cooperative Association Inc is located in Cedar Vale, KS. The organization was established in 1955. 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, Caney Valley Electric Cooperative Association Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caney Valley Electric Cooperative Association 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, Caney Valley Electric Cooperative Association Inc generated $9.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $9.8m during the year ending 12/2023. 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
IT IS OUR MISSION TO SAFELY AND ECONOMICALLY PROVIDE RELIABLE ENERGY AND OTHER SERVICES THAT BRING VALUE TO OUR MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ELECTRIC ENERGY TO APPROXIMATELY 5,253 CONSUMER MEMBERS LOCATED IN ALL OR PARTS OF FIVE COUNTIES. THESE COUNTIES INCLUED ALL THE TOWNS AND RURAL AREAS IN CHAUTAUQUA COUNTY, ALL THE RURAL AREAS IN MOST OF ELK COUNTY, THE EASTERN HALF OF COWLEY COUNTY, AND A SMALL PART OF BUTLER AND MONTGOMERY COUNTIES. THE COOPERATIVE OPERATES ON A TOTAL OF 1,788 MILES OF TRANSMISSION AND DISTRIBUTION LINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen A Zadorozny General Manager | Officer | 40 | $144,751 |
Gary C Lampson Line Supervisor | 40 | $125,455 | |
Katherine M Sweaney Acctghr Manager | Officer | 40 | $100,780 |
Chris Kelly Director | Trustee | 3 | $6,600 |
Charles Mcmillan Director | Trustee | 2 | $6,000 |
Stephanie Ollenborger Director | Trustee | 2 | $5,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Border States Industries Inc Electrical Supply | 12/30/23 | $751,492 |
Poor Boy Tree Service Row Clearing | 12/30/23 | $363,756 |
Blue Cross Blue Shield Medical Insurance | 12/30/23 | $267,209 |
Custom Truck One Source Bucket Truck | 12/30/23 | $189,570 |
Kline Motors Inc Vehicles And Maint | 12/30/23 | $137,219 |
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 | $9,744,265 |
| Investment income | $72,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,462 |
| 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 | $9,833,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $269,409 |
| Compensation of current officers, directors, key employees. | $343,141 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,200 |
| 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 | $520,398 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $882,902 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,833,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $698,551 |
| Savings and temporary cash investments | $1,000,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $542,782 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $456,849 |
| Prepaid expenses and deferred charges | $1,188,911 |
| Net Land, buildings, and equipment | $25,109,854 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,021,521 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,018,468 |
| Accounts payable and accrued expenses | $958,979 |
| Grants payable | $0 |
| Deferred revenue | $234,475 |
| 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 | $14,830,795 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,024,249 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $19,492 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $16,974,727 |
| Total liabilities and net assets/fund balances | $33,018,468 |