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Nonprofiteer
← ROCK COUNTY ELECTRIC COOPERATIVE ASSOCIATION

Form 990 for tax year 2022

Filed by ROCK COUNTY ELECTRIC COOPERATIVE ASSOCIATION.

Totals

Total revenue
$72,620,012
Total expenses
$72,620,012
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$71,365,702
Investment income
$1,057,098
Other revenue
$197,212
Total assets, end of year
$125,709,085
Total liabilities, end of year
$72,802,939
Net assets or fund balances, end of year
$52,906,146
Program services expenses (Part IX)
$72,620,012
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$72,620,012

Program services were 100.0% 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: Energy Sales

    total $71,365,702 · related or exempt $71,365,702

  • 3 · Investment income

    total $1,004,407 · related or exempt $776,920 · excluded $227,487

  • 6a · Gross rents

    personal property $198,556

  • 6c · Rental income or loss

    personal property $198,556

  • 6d · Net rental income or loss

    total $198,556 · related or exempt $198,556

  • 7a · Gross sales of assets other than inventory

    other assets $83,856

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

    other assets $31,165

  • 7c · Gain or loss

    other assets $52,691

  • 7d · Net gain or loss

    total $52,691 · related or exempt $52,691

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $527

  • 10b · Cost of goods sold

    $1,871

  • 10c · Net income from sales of inventory

    total -$1,344 · related or exempt -$1,344

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,955,568 · program services $3,955,568

  • 5 · Compensation of officers, directors and key employees

    total $733,513 · program services $733,513

  • 7 · Other salaries and wages

    total $3,113,421 · program services $3,113,421

  • 8 · Pension plan contributions

    total $515,240 · program services $515,240

  • 9 · Other employee benefits

    total $662,713 · program services $662,713

  • 10 · Payroll taxes

    total $375,324 · program services $375,324

  • 11b · Fees: legal

    total $42,161 · program services $42,161

  • 11c · Fees: accounting

    total $24,000 · program services $24,000

  • 12 · Advertising and promotion

    total $110,641 · program services $110,641

  • 13 · Office expenses

    total $284,435 · program services $284,435

  • 14 · Information technology

    total $244,931 · program services $244,931

  • 16 · Occupancy

    total $110,614 · program services $110,614

  • 17 · Travel

    total $47,406 · program services $47,406

  • 19 · Conferences, conventions and meetings

    total $102,713 · program services $102,713

  • 20 · Interest

    total $2,593,484 · program services $2,593,484

  • 22 · Depreciation, depletion and amortization

    total $5,249,281 · program services $5,249,281

  • 23 · Insurance

    total $142,036 · program services $142,036

  • 24a · Other expenses: Purchased Energy - wholesale

    total $49,121,678 · program services $49,121,678

  • 24b · Other expenses: Property Taxes

    total $446,170 · program services $446,170

  • 24c · Other expenses: Provision for Bad Debts

    total $72,000 · program services $72,000

  • 24d · Other expenses: Contracted Tree Triming

    total $1,419,140 · program services $1,419,140

  • 24e · All other expenses

    total $3,253,543 · program services $3,253,543

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,267 · end of year $88,714

  • 2 · Savings and temporary cash investments

    beginning of year $100,000

  • 4 · Accounts receivable

    beginning of year $4,733,659 · end of year $6,082,693

  • 8 · Inventories for sale or use

    beginning of year $1,764,211 · end of year $3,005,667

  • 9 · Prepaid expenses and deferred charges

    beginning of year $361,356 · end of year $351,731

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

    $161,624,472

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

    $55,486,826

  • 10c · Land, buildings and equipment, net

    beginning of year $104,144,506 · end of year $106,137,646

  • 12 · Investments: other securities

    beginning of year $412,208 · end of year $484,630

  • 13 · Investments: program-related

    beginning of year $7,491,485 · end of year $7,809,298

  • 15 · Other assets

    beginning of year $2,150,297 · end of year $1,748,706

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,022,838 · end of year $9,628,780

  • 19 · Deferred revenue

    beginning of year $1,000,000

  • 23 · Secured mortgages and notes payable

    beginning of year $60,675,355 · end of year $62,591,369

  • 25 · Other liabilities

    beginning of year $592,926 · end of year $582,790

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

    beginning of year $49,313,062 · end of year $51,149,069

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,583,808 · end of year $1,757,077

Mission and programs · 2022

Mission

As an energy cooperative, Rock Energy Cooperative strives to distribute reliable electric and natural gas services at competitive prices to its members.

Activities or mission (Part I)

Distribution of electric and natural gas energy

  • Distribution of electric and natrual gas services

    Expenses $72,620,012 · Revenue $72,142,622

As filed on the 2022 return.

Listed in Part VII

  • William F Dietch

    Vice Chairman

    Total calculated
    $7,825
    From this org
    $7,825
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $7,825
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $7,825

  • Ronald F Richards

    Director

    Total calculated
    $13,975
    From this org
    $13,975
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

    Schedule J breakdown matched by us

    Base
    $13,975
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $13,975

  • Marian A Trescher

    Secretary

    Total calculated
    $8,325
    From this org
    $8,325
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

    Schedule J breakdown matched by us

    Base
    $8,325
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $8,325

  • James W Quade

    Treasurer

    Total calculated
    $2,275
    From this org
    $2,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $2,275
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $2,275

  • William E Fischer

    Director

    Total calculated
    $7,775
    From this org
    $7,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $7,775
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $7,775

  • Todd Thompson

    Director

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $2,100
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $2,100

  • Clark A Schoonover

    Chairman

    Total calculated
    $16,225
    From this org
    $16,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

    Schedule J breakdown matched by us

    Base
    $16,225
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $16,225

  • Wendell A Boyer

    Director

    Total calculated
    $8,175
    From this org
    $8,175
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $8,175
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $8,175

  • Barbara L Miller

    Director

    Total calculated
    $12,275
    From this org
    $12,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $12,275
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $12,275

  • Shane L Larson

    CEO

    Total calculated
    $641,588
    From this org
    $448,979
    From related orgs
    $0
    Other
    $192,609
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $448,979
    Bonus
    not reported
    Other
    not reported
    Deferred
    $170,367
    Nontaxable benefits
    $22,242
    Filer's total
    $641,588

  • Timothy R Gillitzer

    Lineman

    Total calculated
    $168,463
    From this org
    $130,577
    From related orgs
    $0
    Other
    $37,886
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $130,577
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,921
    Nontaxable benefits
    $24,965
    Filer's total
    $168,463

  • Justin J Busfield

    Lineman

    Total calculated
    $168,061
    From this org
    $128,993
    From related orgs
    $0
    Other
    $39,068
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $128,993
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,653
    Nontaxable benefits
    $26,415
    Filer's total
    $168,061

  • Laverne J Slaback

    Lineman

    Total calculated
    $168,580
    From this org
    $132,327
    From related orgs
    $0
    Other
    $36,253
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $132,327
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,921
    Nontaxable benefits
    $23,332
    Filer's total
    $168,580

  • Steven B White

    Lineman

    Total calculated
    $169,536
    From this org
    $131,287
    From related orgs
    $0
    Other
    $38,249
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $131,287
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,921
    Nontaxable benefits
    $25,328
    Filer's total
    $169,536

  • Christopher R Tullar

    Operations Manager

    Total calculated
    $185,748
    From this org
    $131,668
    From related orgs
    $0
    Other
    $54,080
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $131,668
    Bonus
    not reported
    Other
    not reported
    Deferred
    $27,778
    Nontaxable benefits
    $26,302
    Filer's total
    $185,748

  • Theresa Huber

    Director

    Total calculated
    $12,975
    From this org
    $12,975
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $12,975
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $12,975

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 · 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 4b
Shane Larson, $105,277 (actuarily determined expense - no payments
Part I, Line 4b
in 2022)

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
26 October 2023
IRS schema version
2022v5.0
Source object
202342999349301214

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