Victory Electric Cooperative Association Inc is located in Dodge City, KS. The organization was established in 1954. 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 12/2021, Victory Electric Cooperative Association Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victory 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 12/2021, Victory Electric Cooperative Association Inc generated $85.8m 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 $83.8m during the year ending 12/2021. While expenses have increased by 2.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 20,037 ACTIVE SERVICES AT YEAR END.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shane Laws CEO | Officer | 55 | $358,815 |
Angela K Unruh CFO | Officer | 45 | $182,422 |
Denzil Mcgill VP Of It | 45 | $155,352 | |
Ryan Miller VP Of Operations | 48 | $148,250 | |
Marlon Hernandez-Gonzalez Journeyman | 55 | $138,567 | |
Rob Henry VP Of Engineering | 50 | $134,771 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Nisc Billing & Software Services | 12/30/21 | $372,687 |
Kansas Electric Cooperatives Assessments, Subscription Dues, Safety M | 12/30/21 | $238,511 |
Frank's Plumbing Inc Drilling Services | 12/30/21 | $287,490 |
Marks Nelson Accounting And Tax Services | 12/30/21 | $111,610 |
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 | $83,739,453 |
Investment income | $111,467 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $1,147 |
Net Gain/Loss on Asset Sales | $37,480 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$4,258 |
Miscellaneous Revenue | $0 |
Total Revenue | $85,802,968 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $49,084 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $8,449,530 |
Compensation of current officers, directors, key employees. | $1,074,050 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,448,801 |
Pension plan accruals and contributions | $1,002,650 |
Other employee benefits | $944,726 |
Payroll taxes | $261,795 |
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 | $3,800,043 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,012,657 |
Insurance | $0 |
All other expenses | $533,025 |
Total functional expenses | $83,799,708 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,444,213 |
Savings and temporary cash investments | $6,376,236 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $8,001,941 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $13,466 |
Inventories for sale or use | $2,924,686 |
Prepaid expenses and deferred charges | $2,192,388 |
Net Land, buildings, and equipment | $118,380,665 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $36,641,247 |
Intangible assets | $0 |
Other assets | $5,864,838 |
Total assets | $181,839,680 |
Accounts payable and accrued expenses | $5,400,457 |
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 | $103,175,096 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,137,240 |
Total liabilities | $111,712,793 |
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 | $70,126,887 |
Total liabilities and net assets/fund balances | $181,839,680 |
Over the last fiscal year, Victory Electric Cooperative Association Inc has awarded $20,999 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
Dodge City, KS PURPOSE: SHARING SUCCESS GRANT | $10,000 |
Dodge City, KS PURPOSE: ANNUAL MEMBERSHIP, STATE OF THE CITY ADDRESS, ANNUAL GOLF TOURNAMENT, DODGE CITY DAYS SALUTE THE TROOPS | $5,599 |
Dodge City, KS PURPOSE: ANNUAL MEMBERSHIP, DOWNTOWN TRICK-OR-TREAT | $5,400 |
Organization Name | Assets | Revenue |
---|---|---|
Intermountain Rural Electric Association Sedalia, CO | $1,228,049,117 | $331,307,918 |
United Power Inc Brighton, CO | $596,297,380 | $312,195,991 |
Midwest Energy Inc Hays, KS | $627,319,066 | $242,109,196 |
Nebraska Electric Generation And Transmission Cooperative Inc Columbus, NE | $24,698,351 | $237,875,387 |
Central Electric Power Cooperative Jefferson City, MO | $478,589,080 | $224,762,707 |
National Electrical Contractors Association Inc Kansas City, MO | $2,543,076 | $175,759,939 |
Kansas Electric Power Cooperative Inc Topeka, KS | $324,892,215 | $155,298,946 |
Citizens Electric Corporation Perryville, MO | $190,238,434 | $155,506,076 |
Holy Cross Electric Assoc Inc Glenwood Springs, CO | $346,769,060 | $143,962,151 |
Poudre Valley Rural Electric Association Inc Fort Collins, CO | $294,330,752 | $138,618,060 |
Mountain View Electric Assoc Inc Limon, CO | $390,883,600 | $130,263,584 |
Cuivre River Electric Cooperative Incorporated Troy, MO | $339,510,149 | $127,588,100 |