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Nonprofiteer
← MIDWEST ENERGY INC

Form 990 for tax year 2024

Filed by MIDWEST ENERGY INC.

Totals

Total revenue
$206,354,862
Total expenses
$206,809,463
Contributions and grants received
$0
Grants paid
$202,915
Program service revenue
$206,127,230
Investment income
$227,632
Other revenue
$0
Total assets, end of year
$706,684,714
Total liabilities, end of year
$413,498,739
Net assets or fund balances, end of year
$293,185,975
Program services expenses (Part IX)
$206,809,463
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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: Electric Revenues

    total $160,265,848 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Gas Revenues

    total $44,404,891 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Joint Pole Rental

    total $217,782 · unrelated business $0 · excluded $217,782

  • 2d · Program service revenue: Patronage Dividends

    total $1,178,602 · unrelated business $0 · excluded $1,178,602

  • 2f · All other program service revenue

    total $60,107 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $227,632 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $202,915 · program services $202,915

  • 4 · Benefits paid to or for members

    total $12,479,133 · program services $12,479,133

  • 5 · Compensation of officers, directors and key employees

    total $3,940,820 · program services $3,940,820 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $16,725,636 · program services $16,725,636 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $3,799,101 · program services $3,799,101 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $3,171,748 · program services $3,171,748 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $1,509,747 · program services $1,509,747 · management and general $0 · fundraising $0

  • 20 · Interest

    total $14,838,619 · program services $14,838,619 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $23,551,151 · program services $23,551,151 · management and general $0 · fundraising $0

  • 24a · Other expenses: Purchased Power

    total $83,500,767 · program services $83,500,767 · management and general $0 · fundraising $0

  • 24b · Other expenses: Purchased Gas

    total $18,218,803 · program services $18,218,803 · management and general $0 · fundraising $0

  • 24c · Other expenses: Operating Expenses

    total $15,933,510 · program services $15,933,510 · management and general $0 · fundraising $0

  • 24d · Other expenses: Property Taxes

    total $8,937,513 · program services $8,937,513 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $398,165 · end of year $1,158,693

  • 4 · Accounts receivable

    beginning of year $32,361,282 · end of year $45,160,635

  • 7 · Other notes and loans receivable

    beginning of year $5,872,063 · end of year $5,686,334

  • 8 · Inventories for sale or use

    beginning of year $18,289,202 · end of year $18,908,376

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,170,217 · end of year $8,537,552

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

    $926,846,090

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

    $323,004,074

  • 10c · Land, buildings and equipment, net

    beginning of year $570,983,686 · end of year $603,842,016

  • 13 · Investments: program-related

    beginning of year $21,977,824 · end of year $22,404,922

  • 15 · Other assets

    beginning of year $952,448 · end of year $986,186

  • 17 · Accounts payable and accrued expenses

    beginning of year $79,198,585 · end of year $70,317,013

  • 19 · Deferred revenue

    beginning of year $14,060,460 · end of year $9,259,772

  • 23 · Secured mortgages and notes payable

    beginning of year $281,669,739 · end of year $333,921,954

  • 31 · Retained earnings, endowment or other funds

    beginning of year $286,076,103 · end of year $293,185,975

Mission and programs · 2024

Mission

Midwest Energys mission is to: -provide safe, reliable and efficient energy services -deliver innovative, affordable and environmentally sound solutions

  • Serve approximately 50,000 electric and 42,000 natural gas customers in Central and Western Kansas.

As filed on the 2024 return.

Listed in Part VII

  • Louise Berning

    Director

    Total calculated
    $8,800
    From this org
    $8,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    9
  • John Blackwell

    Director

    Total calculated
    $22,550
    From this org
    $22,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    20
  • Lon Frahm

    Director

    Total calculated
    $6,800
    From this org
    $6,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    7
  • Keith Miller

    Director

    Total calculated
    $5,700
    From this org
    $5,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Chuck Moore

    Director

    Total calculated
    $10,650
    From this org
    $10,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5
  • Judy Thurman

    Director

    Total calculated
    $3,850
    From this org
    $3,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5
  • Ed Pratt

    Director

    Total calculated
    $18,600
    From this org
    $18,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Juanita Stecklein

    Director

    Total calculated
    $16,150
    From this org
    $16,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $16,150
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $16,150
  • Dale Unruh

    Director

    Total calculated
    $16,600
    From this org
    $16,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Emily Campbell

    Director

    Total calculated
    $15,600
    From this org
    $15,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    7
  • Thomas S Meis

    VP Finance, CFO

    Total calculated
    $335,154
    From this org
    $257,880
    From related orgs
    $0
    Other
    $77,274
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,392
    Bonus
    $43,488
    Other
    $0
    Deferred
    $46,757
    Nontaxable benefits
    $30,517
    Filer's total
    $335,154
  • William Dowling

    VP Engineering & Energy Supply (Ret)

    Total calculated
    $313,711
    From this org
    $274,991
    From related orgs
    $0
    Other
    $38,720
    Hours/week
    7

    Schedule J breakdown matched by us

    Base
    $223,031
    Bonus
    $51,960
    Other
    $0
    Deferred
    $31,156
    Nontaxable benefits
    $7,564
    Filer's total
    $313,711
  • Fredrick Taylor

    VP Operations

    Total calculated
    $344,860
    From this org
    $253,303
    From related orgs
    $0
    Other
    $91,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,622
    Bonus
    $40,681
    Other
    $0
    Deferred
    $61,053
    Nontaxable benefits
    $30,504
    Filer's total
    $344,860
  • Patrick Parke

    CEO

    Total calculated
    $522,337
    From this org
    $465,161
    From related orgs
    $0
    Other
    $57,176
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $292,961
    Bonus
    $172,200
    Other
    $0
    Deferred
    $34,628
    Nontaxable benefits
    $22,548
    Filer's total
    $522,337
  • Timothy Flax

    VP Information Technology

    Total calculated
    $292,668
    From this org
    $251,141
    From related orgs
    $0
    Other
    $41,527
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $209,448
    Bonus
    $41,693
    Other
    $0
    Deferred
    $19,359
    Nontaxable benefits
    $22,168
    Filer's total
    $292,668
  • Nathan McNeil

    Director of Engineering

    Total calculated
    $245,614
    From this org
    $208,856
    From related orgs
    $0
    Other
    $36,758
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $184,435
    Bonus
    $24,421
    Other
    $0
    Deferred
    $7,351
    Nontaxable benefits
    $29,407
    Filer's total
    $245,614
  • Randy VanAllen

    Manager of Protection Systems

    Total calculated
    $220,691
    From this org
    $184,161
    From related orgs
    $0
    Other
    $36,530
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $168,136
    Bonus
    $16,025
    Other
    $0
    Deferred
    $7,206
    Nontaxable benefits
    $29,324
    Filer's total
    $220,691
  • Justin MacDonald

    VP Customer Service

    Total calculated
    $240,649
    From this org
    $203,978
    From related orgs
    $0
    Other
    $36,671
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $169,976
    Bonus
    $34,002
    Other
    $0
    Deferred
    $7,335
    Nontaxable benefits
    $29,336
    Filer's total
    $240,649
  • Mike Morley

    Director, Corporate Communications

    Total calculated
    $196,447
    From this org
    $161,219
    From related orgs
    $0
    Other
    $35,228
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $140,986
    Bonus
    $20,233
    Other
    $0
    Deferred
    $14,453
    Nontaxable benefits
    $20,775
    Filer's total
    $196,447
  • Schamra Detherage

    Asst. Sec & VP HR

    Total calculated
    $232,469
    From this org
    $198,076
    From related orgs
    $0
    Other
    $34,393
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $166,607
    Bonus
    $31,469
    Other
    $0
    Deferred
    $5,078
    Nontaxable benefits
    $29,315
    Filer's total
    $232,469
  • Aaron Rome

    Director of Energy Supply

    Total calculated
    $244,164
    From this org
    $189,033
    From related orgs
    $0
    Other
    $55,131
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $169,878
    Bonus
    $19,155
    Other
    $0
    Deferred
    $25,830
    Nontaxable benefits
    $29,301
    Filer's total
    $244,164
  • John Horesky

    Operations Manager

    Total calculated
    $193,850
    From this org
    $160,306
    From related orgs
    $0
    Other
    $33,544
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,694
    Bonus
    $10,612
    Other
    $0
    Deferred
    $17,878
    Nontaxable benefits
    $15,666
    Filer's total
    $193,850
  • Brett Albert

    Operations Manager

    Total calculated
    $214,692
    From this org
    $152,360
    From related orgs
    $0
    Other
    $62,332
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $141,671
    Bonus
    $10,689
    Other
    $0
    Deferred
    $38,338
    Nontaxable benefits
    $23,994
    Filer's total
    $214,692
  • Brenton Miles

    Operations Manager

    Total calculated
    $236,740
    From this org
    $150,967
    From related orgs
    $0
    Other
    $85,773
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,737
    Bonus
    $13,230
    Other
    $0
    Deferred
    $61,799
    Nontaxable benefits
    $23,974
    Filer's total
    $236,740
  • Brian McKinney

    Operations Manager

    Total calculated
    $147,428
    From this org
    $147,428
    From related orgs
    $0
    Other
    $0
    Hours/week
    45
  • Stephen Mazouch

    Manager of Transmission Construction

    Total calculated
    $143,937
    From this org
    $143,937
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Hali Bielser

    Director of Project Management Office

    Total calculated
    $136,199
    From this org
    $136,199
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Nathan Schippers

    Line Foreman

    Total calculated
    $137,480
    From this org
    $137,480
    From related orgs
    $0
    Other
    $0
    Hours/week
    47
  • Charles Burruss

    Manager of Reliability Compliance

    Total calculated
    $139,044
    From this org
    $139,044
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 committee
  • 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

The filer's explanations (Part III)

Pt I Line 3
Every 3 years a wage study is completed to compare market data with Midwest Energys salary plan. Base compensation and bonus amounts for the CEO are determined by the Board of Directors Compensation Committee.

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

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.

  • Midwest Development

    C · Economic Development · KS · 100% owned

Provenance

Return type
form_990
Tax year
2024
Filed
24 June 2025
IRS schema version
2024v5.2
Source object
202541759349301004

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