Western Cooperative Electric Association Inc
- Assets
- $117.6m
- Revenue
- $37.6m
- Investments
- $0.0
- Employees
- 58
- Location
- Wakeeney, KS
- Founding
- 05/1950
- Data as of
- 12/2023
- EIN
- 48-0504601
Organization Overview
Western Cooperative Electric Association Inc is located in Wakeeney, KS. The organization was established in 1950. 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, Western Cooperative Electric Association Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Cooperative Electric 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, Western Cooperative Electric Association Inc generated $37.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $37.6m during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 5 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
IT IS THE MISSION OF WESTERN COOPERATIVE ELECTRIC TO PROVIDE RELIABLE ENERGY AND OPTIMUM SERVICES FOR THE BETTERMENT OF ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ELECTRICAL SERVICE TO 12,101 METERS IN OUR DESIGNATED SERVICE TERRITORY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Crossland Director | Trustee | 2.2 | $7,200 |
Terry Hobbs Vicepresident | OfficerTrustee | 5.3 | $18,910 |
Richard Schaus Secretary Treasurer | OfficerTrustee | 2.1 | $7,800 |
Frank Joy Director | Trustee | 4.6 | $12,300 |
Dale Weinhold Director | Trustee | 5.6 | $17,100 |
Susan Rohleder Director | Trustee | 3.7 | $7,800 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Solida Tree Service Inc Tree Trimming | 12/30/23 | $188,580 |
Sunflower Electric Power Transmission Maintenance | 12/30/23 | $55,002 |
Global Mapping Solutions Gis Mapping | 12/30/23 | $52,818 |
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 | $37,485,170 |
| Investment income | $67,777 |
| 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 | $1,017 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,553,964 |
| 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 | $3,863,319 |
| Compensation of current officers, directors, key employees. | $1,098,532 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,096,018 |
| Pension plan accruals and contributions | $1,294,861 |
| Other employee benefits | $292,052 |
| Payroll taxes | $235,015 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,104 |
| Fees for services: Accounting | $19,025 |
| 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 | $295,763 |
| Information technology | $273,088 |
| 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 | $146,545 |
| Interest | $1,513,069 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,498,480 |
| Insurance | $158,237 |
| All other expenses | $1,348,108 |
| Total functional expenses | $37,553,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $847,347 |
| Savings and temporary cash investments | $962 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,769,602 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,991,769 |
| Prepaid expenses and deferred charges | $643,239 |
| Net Land, buildings, and equipment | $80,212,159 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $27,124,348 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,589,426 |
| Accounts payable and accrued expenses | $2,690,563 |
| 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 | $55,708,238 |
| Unsecured mortgages and notes payable | $1,735,158 |
| Other liabilities | $1,192,848 |
| Total liabilities | $61,326,807 |
| 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 | $56,262,619 |
| Total liabilities and net assets/fund balances | $117,589,426 |