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Nonprofiteer
← MIDWEST ENERGY INC

Form 990 for tax year 2023

Filed by MIDWEST ENERGY INC.

Totals

Total revenue
$215,208,326
Total expenses
$215,738,574
Contributions and grants received
$0
Grants paid
$227,971
Program service revenue
$215,008,854
Investment income
$199,472
Other revenue
$0
Total assets, end of year
$661,004,887
Total liabilities, end of year
$374,928,784
Net assets or fund balances, end of year
$286,076,103
Program services expenses (Part IX)
$215,738,574
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 $162,088,266 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Gas Revenues

    total $51,095,512 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Joint Pole Rental

    total $166,304 · unrelated business $0 · excluded $166,304

  • 2d · Program service revenue: Patronage Dividends

    total $1,303,238 · unrelated business $0 · excluded $1,303,238

  • 2f · All other program service revenue

    total $355,534 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $199,472 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $227,971 · program services $227,971

  • 4 · Benefits paid to or for members

    total $13,551,614 · program services $13,551,614

  • 5 · Compensation of officers, directors and key employees

    total $3,290,207 · program services $3,290,207 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $15,710,457 · program services $15,710,457 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $3,563,433 · program services $3,563,433 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $3,195,913 · program services $3,195,913 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $1,427,761 · program services $1,427,761 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $51,507 · program services $51,507 · management and general $0 · fundraising $0

  • 20 · Interest

    total $13,658,213 · program services $13,658,213 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $22,789,793 · program services $22,789,793 · management and general $0 · fundraising $0

  • 24a · Other expenses: Purchased Power

    total $87,061,128 · program services $87,061,128 · management and general $0 · fundraising $0

  • 24b · Other expenses: Purchased Gas

    total $25,399,952 · program services $25,399,952 · management and general $0 · fundraising $0

  • 24c · Other expenses: Operating Expenses

    total $16,728,331 · program services $16,728,331 · management and general $0 · fundraising $0

  • 24d · Other expenses: Property Taxes

    total $9,082,294 · program services $9,082,294 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $603,972 · end of year $398,165

  • 4 · Accounts receivable

    beginning of year $36,235,188 · end of year $32,361,282

  • 7 · Other notes and loans receivable

    beginning of year $6,137,050 · end of year $5,872,063

  • 8 · Inventories for sale or use

    beginning of year $12,459,487 · end of year $18,289,202

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,641,006 · end of year $10,170,217

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

    $903,531,303

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

    $332,547,617

  • 10c · Land, buildings and equipment, net

    beginning of year $547,401,644 · end of year $570,983,686

  • 13 · Investments: program-related

    beginning of year $21,703,805 · end of year $21,977,824

  • 15 · Other assets

    beginning of year $1,036,019 · end of year $952,448

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,089,919 · end of year $79,198,585

  • 19 · Deferred revenue

    beginning of year $10,206,665 · end of year $14,060,460

  • 23 · Secured mortgages and notes payable

    beginning of year $295,268,710 · end of year $281,669,739

  • 31 · Retained earnings, endowment or other funds

    beginning of year $278,652,877 · end of year $286,076,103

Mission and programs · 2023

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 2023 return.

Listed in Part VII

  • Louise Berning

    Director

    Total calculated
    $8,750
    From this org
    $8,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • John Blackwell

    Director

    Total calculated
    $21,900
    From this org
    $21,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Lon Frahm

    Director

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Keith Miller

    Director

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Chuck Moore

    Director

    Total calculated
    $10,100
    From this org
    $10,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

  • Gary Moss

    Director

    Total calculated
    $11,000
    From this org
    $11,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $11,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $11,000

  • Ed Pratt

    Director

    Total calculated
    $14,850
    From this org
    $14,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Juanita Stecklein

    Director

    Total calculated
    $14,850
    From this org
    $14,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Dale Unruh

    Director

    Total calculated
    $12,650
    From this org
    $12,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Emily Campbell

    Director

    Total calculated
    $2,750
    From this org
    $2,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Thomas S Meis

    VP Finance, CFO

    Total calculated
    $330,345
    From this org
    $240,023
    From related orgs
    $0
    Other
    $90,322
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,069
    Bonus
    $39,954
    Other
    $0
    Deferred
    $61,024
    Nontaxable benefits
    $29,298
    Filer's total
    $330,345

  • William Dowling

    VP Engineering & Energy Supply

    Total calculated
    $365,752
    From this org
    $287,624
    From related orgs
    $0
    Other
    $78,128
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $238,030
    Bonus
    $49,594
    Other
    $0
    Deferred
    $54,633
    Nontaxable benefits
    $23,495
    Filer's total
    $365,752

  • Fredrick Taylor

    VP Operations

    Total calculated
    $349,881
    From this org
    $243,643
    From related orgs
    $0
    Other
    $106,238
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,182
    Bonus
    $41,461
    Other
    $0
    Deferred
    $76,940
    Nontaxable benefits
    $29,298
    Filer's total
    $349,881

  • Patrick Parke

    CEO

    Total calculated
    $514,170
    From this org
    $428,554
    From related orgs
    $0
    Other
    $85,616
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $273,660
    Bonus
    $154,894
    Other
    $0
    Deferred
    $61,310
    Nontaxable benefits
    $0
    Filer's total
    $489,864

  • Timothy Flax

    VP Information Technology

    Total calculated
    $298,632
    From this org
    $238,858
    From related orgs
    $0
    Other
    $59,774
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $200,193
    Bonus
    $38,665
    Other
    $0
    Deferred
    $38,254
    Nontaxable benefits
    $0
    Filer's total
    $277,112

  • Nathan McNeil

    Director of Engineering

    Total calculated
    $240,977
    From this org
    $187,403
    From related orgs
    $0
    Other
    $53,574
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $171,416
    Bonus
    $15,987
    Other
    $0
    Deferred
    $24,412
    Nontaxable benefits
    $29,162
    Filer's total
    $240,977

  • Randy VanAllen

    Manager of Protection Systems

    Total calculated
    $227,690
    From this org
    $176,048
    From related orgs
    $0
    Other
    $51,642
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,268
    Bonus
    $14,780
    Other
    $0
    Deferred
    $23,538
    Nontaxable benefits
    $28,104
    Filer's total
    $227,690

  • Justin MacDonald

    VP Customer Service

    Total calculated
    $236,528
    From this org
    $185,597
    From related orgs
    $0
    Other
    $50,931
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $161,090
    Bonus
    $24,507
    Other
    $0
    Deferred
    $22,829
    Nontaxable benefits
    $28,102
    Filer's total
    $236,528

  • Mike Morley

    Director, Corporate Communications

    Total calculated
    $201,858
    From this org
    $153,079
    From related orgs
    $0
    Other
    $48,779
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $133,520
    Bonus
    $19,559
    Other
    $0
    Deferred
    $26,801
    Nontaxable benefits
    $21,978
    Filer's total
    $201,858

  • Schamra Detherage

    Asst. Sec & VP HR

    Total calculated
    $232,660
    From this org
    $183,441
    From related orgs
    $0
    Other
    $49,219
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $156,197
    Bonus
    $27,244
    Other
    $0
    Deferred
    $21,148
    Nontaxable benefits
    $28,071
    Filer's total
    $232,660

  • Aaron Rome

    Director of Energy Supply

    Total calculated
    $222,855
    From this org
    $158,256
    From related orgs
    $0
    Other
    $64,599
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $144,896
    Bonus
    $13,360
    Other
    $0
    Deferred
    $35,317
    Nontaxable benefits
    $29,282
    Filer's total
    $222,855

  • John Horesky

    Operations Manager

    Total calculated
    $148,536
    From this org
    $148,536
    From related orgs
    $0
    Other
    $0
    Hours/week
    55

  • Brett Albert

    Operations Manager

    Total calculated
    $140,733
    From this org
    $140,733
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Wanda Kuhn

    Compensation & Benefits Manager

    Total calculated
    $138,469
    From this org
    $138,469
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Brenton Miles

    Operations Manager

    Total calculated
    $134,550
    From this org
    $134,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Brian McKinney

    Operations Manager

    Total calculated
    $134,543
    From this org
    $134,543
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

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
2023
Filed
27 June 2024
IRS schema version
2023v5.1
Source object
202413119349303961

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