4 Rivers Electric Cooperative Inc
- Assets
- $77.1m
- Revenue
- $28.0m
- Investments
- $1.0m
- Employees
- 51
- Location
- Lebo, KS
- Founding
- Data as of
- 12/2021
- EIN
- 83-3492758
Organization Overview
4 Rivers Electric Cooperative Inc is located in Lebo, KS. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, 4 Rivers Electric Cooperative Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 4 Rivers 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, 4 Rivers Electric Cooperative Inc generated $28.0m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $26.0m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 2 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 ELECTRICITY SERVICE TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
4 RIVERS ELECTRIC COOPERATIVE IS A RURAL ELECTRIC COOPERATIVE DELIVERING ELECTRICITY TO 12,561 METERS IN PORTIONS OF 16 COUNTIES IN EAST, CENTRAL KANSAS. THE GOAL IS TO PROVIDE CONSISTENT, RELIABLE ELECTRIC SERVICE TO OUR MEMBERS AT A REASONABLE COST, CONSISTENT WITH MAINTAINING SOUND BUSINESS PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Svanes CEO | Officer | 50 | $261,414 |
Mark Doebele COO | Officer | 50 | $169,857 |
Roger Cole CFO | Officer | 50 | $144,444 |
Kenneth Caudell It Manager | 50 | $124,330 | |
Robert Harkrader Trustee | Trustee | 1.9 | $4,800 |
David Kunkel Trustee | Trustee | 1.4 | $4,650 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anixter Inc Electrical Supplies | 12/30/21 | $1,096,604 |
Altec Industries Truck Purchases | 12/30/21 | $781,711 |
Koehn Building Construction | 12/30/21 | $481,354 |
Poor Boy Tree Service Inc Contract Brush Removal | 12/30/21 | $382,533 |
Osmose Utilities Services Inc Pole Testing | 12/30/21 | $289,505 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,069,310 |
| 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 | $1,069,310 |
| Total Program Service Revenue | $26,556,363 |
| Investment income | $40,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,009 |
| Net Gain/Loss on Asset Sales | $266,128 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,557 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,965,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,810 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $842,967 |
| Compensation of current officers, directors, key employees. | $917,716 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $697,410 |
| Pension plan accruals and contributions | $105,186 |
| Other employee benefits | $66,751 |
| 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 | $214,142 |
| Advertising and promotion | $72,908 |
| Office expenses | $292,474 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $895 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,363,386 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,781,810 |
| Insurance | $0 |
| All other expenses | $471,174 |
| Total functional expenses | $25,974,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,595,750 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,207,811 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $196,913 |
| Prepaid expenses and deferred charges | $352,099 |
| Net Land, buildings, and equipment | $62,168,717 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,038,632 |
| Investments—program-related | $9,325,518 |
| Intangible assets | $168,776 |
| Other assets | $5,745 |
| Total assets | $77,059,961 |
| Accounts payable and accrued expenses | $2,795,283 |
| Grants payable | $0 |
| Deferred revenue | $253,545 |
| 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 | $35,833,716 |
| Unsecured mortgages and notes payable | $600,000 |
| Other liabilities | $579,724 |
| Total liabilities | $40,062,268 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $77,059,961 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
4 Rivers Electric Cooperative Inc Lebo, KS | $77,059,961 | $27,965,623 |
Textron Aviation Employees Flying Club Inc Wichita, KS | $3,186,873 | $1,906,440 |
Us Custom Harvesters Inc Sylvia, KS | $2,310,352 | $1,197,281 |
Turner Ditch Co Paonia, CO | $13,591 | $488,551 |
Holbrook Mutual Irrigating Company 202 Lincoln Sq Prof Bldg Cheraw, CO | $531,299 | $260,494 |
Brinktown Farmers Mutual Ins Co Of Maries County Missouri Vienna, MO | $2,186,358 | $252,071 |
Organization Of Chinese Americans Inc Denver, CO | $57,777 | $0 |
Post Rock Opportunities Foundation Wilson, KS | $159,192 | $211,019 |
Service Employees Center Building Corporation St Louis, MO | $251,165 | $0 |
Grand County Mutual Ditch And Reservoir Company Winter Park, CO | $3,828,445 | $49,194 |
Springfield Hotel Motel Association Springfield, MO | $69,468 | $0 |
Steven And Susan Campbell Family Foudation Overland Park, KS | $860,731 | $55,501 |