Rolling Hills Electric Cooperative Inc
- Assets
- $88.2m
- Revenue
- $31.0m
- Investments
- $0.0
- Employees
- 49
- Location
- Beloit, KS
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 48-1251358
Organization Overview
Rolling Hills Electric Cooperative Inc is located in Beloit, KS. The organization was established in 2002. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Rolling Hills Electric Cooperative Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rolling Hills 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 12/2021, Rolling Hills Electric Cooperative Inc generated $31.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $31.0m during the year ending 12/2021. While expenses have increased by 5.2% 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 IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS BY PROVIDING SAFE AND RELIABLE ENERGY SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROLLING HILLS ELECTRIC COOPERATIVE IS A MEMBER-OWNED ELECTRIC COOPERATIVE PROVIDING 6,580 MEMBERS SERVICE TO 11,300 METERS IN PARTS OF 16 NORTHERN AND NORTH CENTRAL KANSAS COUNTIES. ITS NEARLY 50 EMPLOYEES MAINTAIN AND OPERATE APPOXIMATELY 6,400 MILES OF LINE. ROLLING HILLS IS GOVERNED BY A VOLUNTEER BOARD OF TRUSTEES THAT IS ELECTED BY FELLOW MEMBERS OF THE COOPERATIVE. ROLLING HILLS HAS 10 TRUSTEES IN THE COOPERATIVE WHO HAVE BEEN ASKED TO DEDICATE THEIR TIME AND ENERGY TO THE DIRECTION OF THE COOPERATIVE. TRUSTEES BRING A VARIETY OF SKILLS AND EXPERIENCES TO THE BOARD ROOM. EDUCATION IS A CORE TENET OF THE COOPERATIVE BUSINESS MODEL AND ON-GOING DIRECTOR EDUCATION IS ENCOURAGED TO FURTHER ENHANCE UTILITY KNOWLEDGE AND BOARD SKILLS. TRUSTEES DO RECEIVE COMPENSATION FOR THEIR MONTHLY BOARD MEETINGS AT THE LOCAL LEVEL. ROLLING HILLS MEETS DURING TIMES THAT COULD BE PRODUCTIVE FOR EMPLOYED OR SELF-EMPLOYED INDIVIDUALS, TRUSTEE COMPENSATION, OFTEN REFERRED TO AS PER-DIEM, IS PAID FOR THE DAY OF THE MEETING. TRUSTEES ARE NOT ADDITIONALLY COMPENSATED FOR THE EXTENSIVE WORK IN ADVANCE OF A BOARD MEETING TO STUDY MATERIALS AND BE AN EFFECTIVE REPRESENTATIVE OF THE MEMBERSHIP. TRUSTEES WILL ALSO RECEIVE PER-DIEM TO FULFILL EDUCATIONAL EXPECTATIONS AND FOR OTHER IMPORTANT INDUSTRY MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Jackson General Mana | Officer | 40 | $181,796 |
Marc Martin Operations M | 40 | $108,191 | |
Angie Behymer Accountant | Officer | 40 | $80,415 |
Paul Wilson Trustee | Trustee | 5 | $13,318 |
John George Trustee | Trustee | 6 | $11,550 |
Eric Andersen Trustee | Trustee | 2 | $6,950 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Solida Tree Service Tree Clearing | 12/30/21 | $287,275 |
Border States Industires Inc Materials | 12/30/21 | $2,771,297 |
Foley Equipment Company Equip Repair/re | 12/30/21 | $210,240 |
Kansas Electric Coop Statewide Coop | 12/30/21 | $184,601 |
Nisc Computer Softwa | 12/30/21 | $242,060 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $182,399 |
| 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 | $182,399 |
| Total Program Service Revenue | $30,720,220 |
| Investment income | $41,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,106 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,017,669 |
| 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 | $3,110,478 |
| Compensation of current officers, directors, key employees. | $509,020 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,502 |
| Other salaries and wages | $213,061 |
| 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 | $2,159,748 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,013,348 |
| Insurance | $0 |
| All other expenses | $561,443 |
| Total functional expenses | $31,017,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,477,131 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,405,722 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $165,455 |
| Inventories for sale or use | $378,151 |
| Prepaid expenses and deferred charges | $402,065 |
| Net Land, buildings, and equipment | $74,083,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,265,478 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $88,177,317 |
| Accounts payable and accrued expenses | $3,480,659 |
| Grants payable | $0 |
| Deferred revenue | $979,002 |
| 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 | $53,268,826 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $57,728,487 |
| 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 | $19,620 |
| Retained earnings, endowment, accumulated income, or other funds | $30,429,210 |
| Total liabilities and net assets/fund balances | $88,177,317 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rolling Hills Electric Cooperative Inc Beloit, KS | $88,177,317 | $31,017,669 |
Bluestem Electric Cooperative Inc Wamego, KS | $60,019,975 | $18,369,331 |
Utilities Service Alliance Inc Overland Park, KS | $8,902,974 | $4,307,011 |
Logan Well Users Inc Sterling, CO | $1,034,878 | $1,191,850 |
Missouri Water Association Osage Beach, MO | $1,640,689 | $501,498 |
Lower Logan Well Users Inc Sterling, CO | $491,673 | $451,948 |
Catlin Augmentation Association Inc Fowler, CO | $121,837 | $393,653 |
Conifer Sanitation Association Greenwood Village, CO | $1,275,136 | $193,981 |
Anderson Ditch Company Boulder, CO | $790,983 | $223,345 |
Granada Water Association Lamar, CO | $1,135,090 | $155,405 |
Holmes Creek Sewer Company Llc Kearney, MO | $147,663 | $0 |
Rocky Mountain Reserve Group Golden, CO | $0 | $48,257 |