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Nonprofiteer
← 4 RIVERS ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by 4 RIVERS ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$28,576,322
Total expenses
$28,576,322
Contributions and grants received
$0
Grants paid
$6,720
Program service revenue
$28,310,396
Investment income
$225,625
Other revenue
$40,301
Total assets, end of year
$81,725,885
Total liabilities, end of year
$40,481,352
Net assets or fund balances, end of year
$41,244,533
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 $27,766,327 · related or exempt $27,766,327

  • 2b · Program service revenue: CAPITAL CREDITS

    total $338,792 · related or exempt $338,792

  • 2c · Program service revenue: OTHER OPERATING REVENUE

    total $164,300 · related or exempt $164,300

  • 2d · Program service revenue: RENTAL OF ELECTRIC PROPERTY

    total $40,977 · excluded $40,977

  • 3 · Investment income

    total $93,783 · excluded $93,783

  • 6a · Gross rents

    real property $24,724

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $24,724

  • 6d · Net rental income or loss

    total $24,724 · excluded $24,724

  • 7a · Gross sales of assets other than inventory

    other assets $131,842

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $131,842

  • 7d · Net gain or loss

    total $131,842 · excluded $131,842

  • 10a · Gross sales of inventory

    $75,858

  • 10b · Cost of goods sold

    $60,281

  • 10c · Net income from sales of inventory

    total $15,577 · related or exempt $15,577

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,720

  • 4 · Benefits paid to or for members

    total $3,170,074

  • 5 · Compensation of officers, directors and key employees

    total $1,053,603

  • 7 · Other salaries and wages

    total $855,926

  • 8 · Pension plan contributions

    total $92,069

  • 9 · Other employee benefits

    total $71,064

  • 11g · Fees: other

    total $251,307

  • 12 · Advertising and promotion

    total $87,486

  • 13 · Office expenses

    total $295,727

  • 16 · Occupancy

    total $1,124

  • 20 · Interest

    total $1,437,704

  • 22 · Depreciation, depletion and amortization

    total $2,588,180

  • 24a · Other expenses: COST OF POWER

    total $12,120,460

  • 24b · Other expenses: DISTRIBUTION - OPERATIO

    total $2,925,503

  • 24c · Other expenses: DISTRIBUTION - MAINTENA

    total $2,308,356

  • 24d · Other expenses: CUSTOMER ACCOUNTS & SER

    total $767,827

  • 24e · All other expenses

    total $543,192

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,918,603 · end of year $2,662,372

  • 4 · Accounts receivable

    beginning of year $2,663,495 · end of year $2,569,335

  • 8 · Inventories for sale or use

    beginning of year $292,670 · end of year $189,068

  • 9 · Prepaid expenses and deferred charges

    beginning of year $171,170 · end of year $253,919

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

    $100,128,906

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

    $35,307,378

  • 10c · Land, buildings and equipment, net

    beginning of year $62,703,240 · end of year $64,821,528

  • 12 · Investments: other securities

    beginning of year $1,207,245 · end of year $1,335,519

  • 13 · Investments: program-related

    beginning of year $9,497,810 · end of year $9,719,623

  • 14 · Intangible assets

    beginning of year $168,776 · end of year $168,776

  • 15 · Other assets

    beginning of year $5,839 · end of year $5,745

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,906,051 · end of year $2,953,203

  • 19 · Deferred revenue

    beginning of year $217,475 · end of year $307,987

  • 23 · Secured mortgages and notes payable

    beginning of year $34,234,831 · end of year $36,606,588

  • 24 · Unsecured notes and loans payable

    beginning of year $2,000,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $607,045 · end of year $613,574

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $38,663,446 · end of year $41,244,533

Mission and programs · 2023

Mission

SERVING AND CARING.

Activities or mission (Part I)

TO PROVIDE ELECTRICITY SERVICE TO MEMBERS.

  • 4 RIVERS ELECTRIC COOPERATIVE IS A RURAL ELECTRIC COOPERATIVE DELIVERING ELECTRICITY TO 12,638 METERS 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.

As filed on the 2023 return.

Listed in Part VII

  • Michael Springer

    PRESIDENT/TRUSTEE

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.1

  • Robert Converse

    VICE PRESIDENT/TRUSTEE

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.9

  • A Eugene Huston

    SECRETARY/TRUSTEE

    Total calculated
    $3,900
    From this org
    $3,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.9

  • Larry Felts

    TREASURER/PRESIDENT

    Total calculated
    $5,300
    From this org
    $5,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5

  • Tom Ayers

    TRUSTEE

    Total calculated
    $4,700
    From this org
    $4,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.1

  • David Kunkel

    TRUSTEE

    Total calculated
    $4,100
    From this org
    $4,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.2

  • Warren Schmidt

    TRUSTEE/SECRETARY

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.9

  • Nick Frankenbery

    TRUSTEE

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • Randall Bunnel

    TRUSTEE

    Total calculated
    $4,700
    From this org
    $4,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • Sandra Smith

    TRUSTEE (UNTIL 03/23)

    Total calculated
    $1,400
    From this org
    $1,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • Robert Harkrader

    TRUSTEE (UNTIL 03/23)

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • Stacy Heins

    TRUSTEE/VICE PRESIDENT

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • Loren Dickens Jr

    TRUSTEE/TREASURER

    Total calculated
    $8,800
    From this org
    $8,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Roger Cole

    CFO

    Total calculated
    $259,430
    From this org
    $163,145
    From related orgs
    $0
    Other
    $96,285
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $163,145
    Bonus
    $0
    Other
    $0
    Deferred
    $74,444
    Nontaxable benefits
    $22,811
    Filer's total
    $260,400

  • Mark Doebele

    COO

    Total calculated
    $436,040
    From this org
    $192,367
    From related orgs
    $0
    Other
    $243,673
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $192,367
    Bonus
    $0
    Other
    $0
    Deferred
    $220,092
    Nontaxable benefits
    $24,723
    Filer's total
    $437,182

  • Dennis Svanes

    CEO

    Total calculated
    $405,061
    From this org
    $312,440
    From related orgs
    $0
    Other
    $92,621
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $304,940
    Bonus
    $7,500
    Other
    $0
    Deferred
    $69,041
    Nontaxable benefits
    $25,205
    Filer's total
    $406,686

  • Kenneth Caudell

    CHIEF TECHNICAL OFFICER

    Total calculated
    $213,884
    From this org
    $146,247
    From related orgs
    $0
    Other
    $67,637
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $146,247
    Bonus
    $0
    Other
    $0
    Deferred
    $44,056
    Nontaxable benefits
    $24,428
    Filer's total
    $214,731

  • Chad Guimond

    JOURNEYMAN LINEMAN

    Total calculated
    $167,917
    From this org
    $130,370
    From related orgs
    $0
    Other
    $37,547
    Hours/week
    44.6

    Schedule J breakdown matched by us

    Base
    $130,370
    Bonus
    $0
    Other
    $0
    Deferred
    $14,996
    Nontaxable benefits
    $23,175
    Filer's total
    $168,541

  • Larry McVey

    OPERATIONS SUPERVISOR/STAKING

    Total calculated
    $230,202
    From this org
    $118,203
    From related orgs
    $0
    Other
    $111,999
    Hours/week
    41.5

    Schedule J breakdown matched by us

    Base
    $118,203
    Bonus
    $0
    Other
    $0
    Deferred
    $88,418
    Nontaxable benefits
    $24,787
    Filer's total
    $231,408

  • Bryan Sobba

    LINE FOREMAN

    Total calculated
    $157,053
    From this org
    $124,451
    From related orgs
    $0
    Other
    $32,602
    Hours/week
    43.5

    Schedule J breakdown matched by us

    Base
    $124,451
    Bonus
    $0
    Other
    $0
    Deferred
    $10,052
    Nontaxable benefits
    $23,645
    Filer's total
    $158,148

  • Zack Peak

    SAFETY AND LINE MANAGER

    Total calculated
    $207,170
    From this org
    $123,374
    From related orgs
    $0
    Other
    $83,796
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,374
    Bonus
    $0
    Other
    $0
    Deferred
    $60,216
    Nontaxable benefits
    $24,841
    Filer's total
    $208,431

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
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
THE CEO, DENNIS SVANES, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION PLAN. CONTRIBUTIONS ADJUSTED FOR GAINS/(LOSSES) IN THIS PLAN WERE $5,575 IN 2023.
FORM 990, SCHEDULE J, PART II
AS REQUIRED PER THE INSTRUCTIONS OF FORM 990 AND SCHEDULE J, THE AMOUNT REPORTED IN SCHEDULE J COLUMN C IS THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN RATHER THAN THE EXPENSE ON THE BOOKS OF THE COOPERATIVE.

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
2023
Filed
26 June 2024
IRS schema version
2023v5.1
Source object
202411799349301271

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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