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Nonprofiteer
← WESTERN ILLINOIS ELECTRICAL COOP

Form 990 for tax year 2022

Filed by WESTERN ILLINOIS ELECTRICAL COOP.

Totals

Total revenue
$10,459,583
Total expenses
$10,459,583
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$10,402,651
Investment income
$40,617
Other revenue
$16,315
Total assets, end of year
$25,552,342
Total liabilities, end of year
$10,856,365
Net assets or fund balances, end of year
$14,695,977
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SALE OF ELECTRICITY

    total $9,942,848 · related or exempt $9,942,848

  • 2b · Program service revenue: CAPITAL CREDITS

    total $418,217 · related or exempt $418,217

  • 2c · Program service revenue: MISCELLANEOUS ELECTRIC

    total $41,586 · related or exempt $41,586

  • 3 · Investment income

    total $29,863 · excluded $29,863

  • 6a · Gross rents

    personal property $10,572

  • 6c · Rental income or loss

    personal property $10,572

  • 6d · Net rental income or loss

    total $10,572 · excluded $10,572

  • 7a · Gross sales of assets other than inventory

    other assets $10,754

  • 7c · Gain or loss

    other assets $10,754

  • 7d · Net gain or loss

    total $10,754 · related or exempt $10,754

  • 11a · Other revenue: MISC NON-OPERATING

    total $5,743 · related or exempt $5,743

  • 11e · Other revenue, total

    $5,743

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $730,626

  • 5 · Compensation of officers, directors and key employees

    total $319,917

  • 7 · Other salaries and wages

    total $317,777

  • 20 · Interest

    total $292,734

  • 22 · Depreciation, depletion and amortization

    total $797,941

  • 24a · Other expenses: COST OF POWER

    total $6,610,580

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $765,038

  • 24c · Other expenses: ADMIN & GENERAL

    total $498,532

  • 24d · Other expenses: MEMBER SERVICES

    total $126,438

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $660,666 · end of year $787,159

  • 4 · Accounts receivable

    beginning of year $800,941 · end of year $849,081

  • 7 · Other notes and loans receivable

    beginning of year $2,510,078 · end of year $1,832,687

  • 8 · Inventories for sale or use

    beginning of year $235,382 · end of year $405,441

  • 9 · Prepaid expenses and deferred charges

    beginning of year $148,306 · end of year $81,644

  • 10a · Land, buildings and equipment: cost or other basis

    $28,652,078

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,237,373

  • 10c · Land, buildings and equipment, net

    beginning of year $16,389,462 · end of year $16,414,705

  • 13 · Investments: program-related

    beginning of year $4,990,456 · end of year $5,181,625

  • 17 · Accounts payable and accrued expenses

    beginning of year $825,727 · end of year $951,017

  • 19 · Deferred revenue

    beginning of year $128,346 · end of year $123,086

  • 23 · Secured mortgages and notes payable

    beginning of year $10,561,549 · end of year $9,782,262

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $14,020 · end of year $13,975

  • 31 · Retained earnings, endowment or other funds

    beginning of year $14,205,649 · end of year $14,682,002

Mission and programs · 2022

Mission

WE ARE COMMITTED TO GIVE OUR MEMBER-OWNERS THE MOST RELIABLE, COST- EFFECTIVE ELECTRIC ENERGY SERVICES POSSIBLE.

  • WESTERN ILLINOIS ELECTRICAL COOP. IS A MEMBER-OWNED ELECTRICAL COOPERATIVE THAT PROVIDES SERVICE TO APPROXIMATELY 3,600 MEMBERS IN THE RURAL AREAS OF HANCOCK, SOUTHERN HENDERSON, PARTS OF ADAMS AND MCDONOUGH COUNTIES.

As filed on the 2022 return.

Listed in Part VII

  • Michael Todd Grotts

    MANAGER

    Total calculated
    $203,897
    From this org
    $138,029
    From related orgs
    $0
    Other
    $65,868
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,029
    Bonus
    not reported
    Other
    not reported
    Deferred
    $64,477
    Nontaxable benefits
    $1,391
    Filer's total
    $203,897

  • Eric Albert Johnson

    LINE FOREMAN

    Total calculated
    $168,598
    From this org
    $111,841
    From related orgs
    $0
    Other
    $56,757
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,841
    Bonus
    not reported
    Other
    not reported
    Deferred
    $55,657
    Nontaxable benefits
    $1,100
    Filer's total
    $168,598

  • Andrew J Lafeber

    CREW FOREMAN

    Total calculated
    $149,179
    From this org
    $101,579
    From related orgs
    $0
    Other
    $47,600
    Hours/week
    40

  • Wendi Renea Whitaker

    FINANCE & AC

    Total calculated
    $106,120
    From this org
    $70,573
    From related orgs
    $0
    Other
    $35,547
    Hours/week
    40

  • Mark Burling

    DIRECTOR

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.56

  • Jay Morrison

    DIRECTOR

    Total calculated
    $1,700
    From this org
    $1,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.08

  • Janet Spory

    DIRECTOR

    Total calculated
    $1,700
    From this org
    $1,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.55

  • Robert Gronewold

    DIRECTOR

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.78

  • Kim Gullberg

    DIRECTOR

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.53

  • Dustin Walker

    DIRECTOR

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.35

  • Kent Flesner

    DIRECTOR

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.63

  • Stephen Patrick

    DIRECTOR

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.62

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
25 August 2023
IRS schema version
2022v5.0
Source object
202332439349300248

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