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Nonprofiteer
← WEST-CENTRAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by WEST-CENTRAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$34,472,104
Total expenses
$34,493,104
Contributions and grants received
$0
Grants paid
$27,400
Program service revenue
$33,798,638
Investment income
$597,317
Other revenue
$76,149
Total assets, end of year
$98,020,754
Total liabilities, end of year
$58,170,605
Net assets or fund balances, end of year
$39,850,149
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 $32,298,766 · related or exempt $32,298,766

  • 2b · Program service revenue: Capital Credits

    total $913,625 · related or exempt $913,625

  • 2c · Program service revenue: Other Operating

    total $586,247 · related or exempt $586,247

  • 3 · Investment income

    total $331,669 · excluded $331,669

  • 6a · Gross rents

    personal property $82,678

  • 6b · Less rental expenses

    personal property $14,780

  • 6c · Rental income or loss

    personal property $67,898

  • 6d · Net rental income or loss

    total $67,898 · unrelated business -$8,780 · excluded $76,678

  • 7a · Gross sales of assets other than inventory

    other assets $279,353

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

    other assets $13,705

  • 7c · Gain or loss

    other assets $265,648

  • 7d · Net gain or loss

    total $265,648 · related or exempt $265,648

  • 11a · Other revenue: Non-Operating

    total $8,251 · related or exempt $8,251

  • 11e · Other revenue, total

    $8,251

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $27,400

  • 4 · Benefits paid to or for members

    total $3,494,142

  • 5 · Compensation of officers, directors and key employees

    total $373,562

  • 7 · Other salaries and wages

    total $978,073

  • 20 · Interest

    total $1,490,532

  • 22 · Depreciation, depletion and amortization

    total $2,695,089

  • 24a · Other expenses: Cost of Power

    total $19,197,476 · program services $19,197,476

  • 24b · Other expenses: Distribution Expense

    total $3,151,004 · program services $3,151,004

  • 24c · Other expenses: Admin & General

    total $2,002,291 · program services $2,002,291

  • 24d · Other expenses: Member Services

    total $1,083,535 · program services $1,083,535

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,530,942 · end of year $2,091,232

  • 4 · Accounts receivable

    beginning of year $2,391,131 · end of year $2,257,689

  • 8 · Inventories for sale or use

    beginning of year $474,853 · end of year $426,524

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75,556 · end of year $7,452

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

    $93,608,782

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

    $20,837,639

  • 10c · Land, buildings and equipment, net

    beginning of year $68,070,730 · end of year $72,771,143

  • 13 · Investments: program-related

    beginning of year $20,224,742 · end of year $20,466,714

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,250,824 · end of year $2,955,998

  • 19 · Deferred revenue

    beginning of year $3,147,685 · end of year $3,903,423

  • 23 · Secured mortgages and notes payable

    beginning of year $49,062,067 · end of year $50,687,192

  • 25 · Other liabilities

    beginning of year $485,136 · end of year $623,992

  • 31 · Retained earnings, endowment or other funds

    beginning of year $37,822,242 · end of year $39,850,149

Mission and programs · 2023

Mission

West Central Electric Cooperative focuses on enhancing the quality of life for our members by providing safe, reliable, and affordable electricity in a professional manner,

  • West Central Electric now provides power to more than 15,100 meters through 2,600 miles of line in five counties, including Lafayette, Johnson, Eastern Jackson and a small part of Cass and Pettis counties.

As filed on the 2023 return.

Listed in Part VII

  • Peter Nelson

    Engineering Manager

    Total calculated
    $214,496
    From this org
    $120,329
    From related orgs
    $0
    Other
    $94,167
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $120,329
    Bonus
    not reported
    Other
    not reported
    Deferred
    $65,871
    Nontaxable benefits
    $28,296
    Filer's total
    $214,496

  • Scott Gard

    Operations Manager

    Total calculated
    $211,898
    From this org
    $120,489
    From related orgs
    $0
    Other
    $91,409
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $120,489
    Bonus
    not reported
    Other
    not reported
    Deferred
    $63,206
    Nontaxable benefits
    $28,203
    Filer's total
    $211,898

  • Michael Newland

    General Manager

    Total calculated
    $206,257
    From this org
    $158,955
    From related orgs
    $0
    Other
    $47,302
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $158,955
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,514
    Nontaxable benefits
    $28,788
    Filer's total
    $206,257

  • Todd Gast

    Foreman

    Total calculated
    $193,951
    From this org
    $117,215
    From related orgs
    $0
    Other
    $76,736
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $117,215
    Bonus
    not reported
    Other
    not reported
    Deferred
    $47,932
    Nontaxable benefits
    $28,804
    Filer's total
    $193,951

  • William Mackie

    Foreman

    Total calculated
    $193,131
    From this org
    $119,806
    From related orgs
    $0
    Other
    $73,325
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $119,806
    Bonus
    not reported
    Other
    not reported
    Deferred
    $48,280
    Nontaxable benefits
    $25,045
    Filer's total
    $193,131

  • Derek Cole

    Jouneyman

    Total calculated
    $166,747
    From this org
    $118,469
    From related orgs
    $0
    Other
    $48,278
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $118,469
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,571
    Nontaxable benefits
    $28,707
    Filer's total
    $166,747

  • Rebecca Hoeflicker

    Accounting Manager

    Total calculated
    $97,725
    From this org
    $95,486
    From related orgs
    $0
    Other
    $2,239
    Hours/week
    45

  • Clark Bredehoft

    Vice President

    Total calculated
    $10,325
    From this org
    $10,325
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.58

  • Colby Dowell

    Director

    Total calculated
    $9,275
    From this org
    $9,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.73

  • Densil Allen

    President

    Total calculated
    $8,855
    From this org
    $8,855
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.4

  • Stan Rhodes

    Asst Secretary

    Total calculated
    $8,750
    From this org
    $8,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.62

  • Dale Jarman

    Treasurer

    Total calculated
    $8,225
    From this org
    $8,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.83

  • Richard Strobel

    Director

    Total calculated
    $7,700
    From this org
    $7,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.92

  • Jeremy Ahmann

    Director

    Total calculated
    $6,475
    From this org
    $6,475
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.9

  • Robert Simmons

    Secretary

    Total calculated
    $5,425
    From this org
    $5,425
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.27

  • Sandra Streit

    Director

    Total calculated
    $4,550
    From this org
    $4,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.92

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    $4,550
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $4,550

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • West Central Services Inc

    C Corp · Internet · MO · 100% owned · share of income -$8,436 · share of assets $329,512

Provenance

Return type
form_990
Tax year
2023
Filed
24 October 2024
IRS schema version
2023v5.1
Source object
202403039349302225

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