Western Cooperative Electric Association Inc
- Assets
- $116.0m
- Revenue
- $44.4m
- Investments
- $0.0
- Employees
- 57
- Location
- Wakeeney, KS
- Founding
- 05/1950
- Data as of
- 12/2022
- 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 12/2022, Western Cooperative Electric Association Inc employed 57 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 12/2022, Western Cooperative Electric Association Inc generated $44.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $44.4m during the year ending 12/2022. While expenses have increased by 0.9% per year over the past 8 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
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 12,117 METERS IN OUR DESIGNATED SERVICE TERRITORY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Ruth General Manager | Officer | 40 | $232,908 |
Stacey Malsam CFO | Officer | 40 | $144,262 |
Ron Aschenbrenner Line Superintendent | 40 | $124,758 | |
Aaron Frieb Line Foreman | 40 | $114,907 | |
Craig Cramer Manager Of Is | 40 | $114,728 | |
Mark Klein Line Foreman | 40 | $113,815 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sunflower Electric Power Transmission Maintenance | 12/30/22 | $281,781 |
Solida Tree Service Inc Tree Trimming | 12/30/22 | $219,964 |
Utility Asset Management Pole Testing | 12/30/22 | $109,347 |
Par Electrical Contractors Electrical Construction | 12/30/22 | $41,325 |
Waj Spraying Llc Substation Spraying | 12/30/22 | $17,466 |
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 | $44,414,115 |
| Investment income | $27,600 |
| 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 | -$72 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,441,643 |
| 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 | $4,441,383 |
| Compensation of current officers, directors, key employees. | $1,058,008 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,450,774 |
| Pension plan accruals and contributions | $1,446,701 |
| Other employee benefits | $317,794 |
| Payroll taxes | $231,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,172 |
| Fees for services: Accounting | $84,358 |
| 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 | $310,203 |
| Information technology | $331,008 |
| 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 | $120,209 |
| Interest | $1,534,155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,422,925 |
| Insurance | $109,878 |
| All other expenses | $1,013,661 |
| Total functional expenses | $44,441,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $918,517 |
| Savings and temporary cash investments | $110 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,810,026 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,075,902 |
| Prepaid expenses and deferred charges | $2,521,570 |
| Net Land, buildings, and equipment | $77,933,104 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $26,741,246 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $116,000,475 |
| Accounts payable and accrued expenses | $2,538,046 |
| 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 | $56,595,771 |
| Unsecured mortgages and notes payable | $2,443,286 |
| Other liabilities | $1,177,869 |
| Total liabilities | $62,754,972 |
| 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 | $53,245,503 |
| Total liabilities and net assets/fund balances | $116,000,475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
N W Electric Power Cooperative Inc Cameron, MO | $276,321,789 | $107,924,696 |
La Plata Electric Association Inc Durango, CO | $287,521,885 | $109,650,926 |
Tri-County Electric Cooperative Inc Hooker, OK | $321,398,945 | $100,998,279 |
Pioneer Electric Cooperative Inc Ulysses, KS | $284,468,248 | $104,061,245 |
Northeast Missouri Electric Power Cooperative Palmyra, MO | $173,630,221 | $92,260,519 |
Prairie Land Electric Cooperative Inc Norton, KS | $193,607,034 | $87,385,850 |
Victory Electric Cooperative Association Inc Dodge City, KS | $181,839,680 | $85,802,968 |
Northeast Oklahoma Electric Cooperative Inc Vinita, OK | $249,522,381 | $85,761,419 |
Verdigris Valley Electric Cooperative Incorporated Collinsville, OK | $207,857,115 | $78,783,085 |
Cotton Electric Cooperative Inc Walters, OK | $176,118,552 | $75,743,198 |
Canadian Valley Electric Cooperative Inc Seminole, OK | $173,885,980 | $69,270,313 |
Delta-Montrose Electric Association Montrose, CO | $233,268,073 | $81,764,019 |