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Nonprofiteer
← ATCHISON-HOLT ELECTRIC COOPERATIVE

Form 990 for tax year 2024

Filed by ATCHISON-HOLT ELECTRIC COOPERATIVE.

Totals

Total revenue
$11,679,523
Total expenses
$11,021,665
Contributions and grants received
$657,858
Grants paid
$0
Program service revenue
$10,642,632
Investment income
$339,620
Other revenue
$39,413
Total assets, end of year
$36,567,075
Total liabilities, end of year
$23,036,879
Net assets or fund balances, end of year
$13,530,196
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.

  • 1e · Government grants (contributions)

    $657,858

  • 2a · Program service revenue: Sale of Electricity

    total $10,329,964 · related or exempt $10,329,964

  • 2b · Program service revenue: Other Operating

    total $37,258 · related or exempt $37,258

  • 2c · Program service revenue: Capital Credits

    total $275,410 · related or exempt $275,410

  • 3 · Investment income

    total $300,185 · excluded $300,185

  • 7a · Gross sales of assets other than inventory

    other assets $39,435

  • 7c · Gain or loss

    other assets $39,435

  • 7d · Net gain or loss

    total $39,435 · excluded $39,435

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Non-Operating

    total $39,413 · related or exempt $39,413

  • 11e · Other revenue, total

    $39,413

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,224,593

  • 5 · Compensation of officers, directors and key employees

    total $875,227

  • 7 · Other salaries and wages

    total $738,795

  • 20 · Interest

    total $519,092

  • 22 · Depreciation, depletion and amortization

    total $865,540

  • 24a · Other expenses: Cost of Power

    total $5,306,800 · program services $5,306,800

  • 24b · Other expenses: Distribution Expense

    total $966,714 · program services $966,714

  • 24c · Other expenses: Admin & General

    total $342,217 · program services $342,217

  • 24d · Other expenses: Member Services

    total $182,687 · program services $182,687

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $940,646 · end of year $1,120,730

  • 4 · Accounts receivable

    beginning of year $760,465 · end of year $854,956

  • 8 · Inventories for sale or use

    beginning of year $250,089 · end of year $179,747

  • 9 · Prepaid expenses and deferred charges

    beginning of year $58,746 · end of year $54,623

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

    $32,854,813

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

    $9,712,211

  • 10c · Land, buildings and equipment, net

    beginning of year $23,093,830 · end of year $23,142,602

  • 13 · Investments: program-related

    beginning of year $10,762,365 · end of year $11,214,417

  • 17 · Accounts payable and accrued expenses

    beginning of year $979,099 · end of year $645,958

  • 19 · Deferred revenue

    beginning of year $4,771,579 · end of year $5,228,078

  • 23 · Secured mortgages and notes payable

    beginning of year $16,855,028 · end of year $17,045,672

  • 25 · Other liabilities

    beginning of year $97,949 · end of year $117,171

  • 31 · Retained earnings, endowment or other funds

    beginning of year $13,162,486 · end of year $13,530,196

Mission and programs · 2024

Mission

See Note on Schedule O

  • Atchison-Holt Electric Cooperative is a member-owned electric utility providing approximately 3,800 services to approximately 2,500 members. Utilizing over 1,290 miles of line, Atchison-Holt Electric Cooperative serves its members in parts of Missouri and Iowa.

As filed on the 2024 return.

Listed in Part VII

  • Kevin P Dechant

    General ManagerCEO

    Total calculated
    $352,841
    From this org
    $236,034
    From related orgs
    $0
    Other
    $116,807
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $236,034
    Bonus
    not reported
    Other
    not reported
    Deferred
    $87,538
    Nontaxable benefits
    $29,269
    Filer's total
    $352,841

  • Michael L Daugherty

    Line Superintendent

    Total calculated
    $219,897
    From this org
    $125,236
    From related orgs
    $0
    Other
    $94,661
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $125,236
    Bonus
    not reported
    Other
    not reported
    Deferred
    $64,161
    Nontaxable benefits
    $30,500
    Filer's total
    $219,897

  • Kevin R Clark

    CFO

    Total calculated
    $204,064
    From this org
    $139,447
    From related orgs
    $0
    Other
    $64,617
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $139,447
    Bonus
    not reported
    Other
    not reported
    Deferred
    $40,253
    Nontaxable benefits
    $24,364
    Filer's total
    $204,064

  • Joey R Bradley

    Foreman

    Total calculated
    $161,368
    From this org
    $112,849
    From related orgs
    $0
    Other
    $48,519
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $112,849
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,680
    Nontaxable benefits
    $27,839
    Filer's total
    $161,368

  • Garrett R Schomburg

    Journeyman Lineman

    Total calculated
    $148,334
    From this org
    $113,888
    From related orgs
    $0
    Other
    $34,446
    Hours/week
    44

  • Brock E Davis

    Foreman

    Total calculated
    $147,120
    From this org
    $115,563
    From related orgs
    $0
    Other
    $31,557
    Hours/week
    43

  • Brogan S Lair

    Journeyman Lineman

    Total calculated
    $142,823
    From this org
    $104,557
    From related orgs
    $0
    Other
    $38,266
    Hours/week
    43

  • Galen R Hunter

    Journeyman Lineman

    Total calculated
    $139,150
    From this org
    $110,803
    From related orgs
    $0
    Other
    $28,347
    Hours/week
    43

  • Larry Lauman

    Secretary

    Total calculated
    $15,200
    From this org
    $15,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.98

  • James Crawford

    Director

    Total calculated
    $13,300
    From this org
    $13,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.98

  • Michael Peters

    Director

    Total calculated
    $12,825
    From this org
    $12,825
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.22

  • David Frede

    Treasurer

    Total calculated
    $11,875
    From this org
    $11,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.64

  • Hugh Wallace

    Vice President

    Total calculated
    $11,400
    From this org
    $11,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.6

  • Nancy Daugherty

    Director

    Total calculated
    $10,925
    From this org
    $10,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.63

  • Craig Heits

    Director

    Total calculated
    $10,550
    From this org
    $10,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.37

  • Duane Klute

    President

    Total calculated
    $6,650
    From this org
    $6,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Marvin Gubser

    Director

    Total calculated
    $5,700
    From this org
    $5,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.13

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
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202503149349306505

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