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Nonprofiteer
← RALLS COUNTY ELECTRIC COOPERATIVE

Form 990 for tax year 2024

Filed by RALLS COUNTY ELECTRIC COOPERATIVE.

Totals

Total revenue
$19,176,588
Total expenses
$18,363,248
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,044,113
Investment income
$132,475
Other revenue
$0
Total assets, end of year
$73,496,006
Total liabilities, end of year
$49,961,333
Net assets or fund balances, end of year
$23,534,673
Program services expenses (Part IX)
$18,363,248
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$18,363,248

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: Sales of Energy

    total $17,401,325 · related or exempt $17,401,325

  • 2b · Program service revenue: Other Electric Revenue

    total $852,641 · related or exempt $852,641

  • 2c · Program service revenue: Patronage Capital

    total $790,147 · related or exempt $790,147

  • 3 · Investment income

    total $132,475 · related or exempt $132,475

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $676,783 · program services $676,783

  • 5 · Compensation of officers, directors and key employees

    total $689,429 · program services $689,429

  • 20 · Interest

    total $1,830,206 · program services $1,830,206

  • 22 · Depreciation, depletion and amortization

    total $2,390,302 · program services $2,390,302

  • 24a · Other expenses: Purchased Power

    total $7,916,721 · program services $7,916,721

  • 24b · Other expenses: Distribution Maintenanc

    total $2,446,521 · program services $2,446,521

  • 24c · Other expenses: Operations

    total $1,136,967 · program services $1,136,967

  • 24d · Other expenses: General and Administrat

    total $840,504 · program services $840,504

  • 24e · All other expenses

    total $435,815 · program services $435,815

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $570,144 · end of year $675,787

  • 4 · Accounts receivable

    beginning of year $1,923,387 · end of year $2,380,355

  • 8 · Inventories for sale or use

    beginning of year $1,616,717 · end of year $1,423,533

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,368,331 · end of year $1,149,242

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

    $74,016,548

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

    $26,531,260

  • 10c · Land, buildings and equipment, net

    beginning of year $43,776,119 · end of year $47,485,288

  • 12 · Investments: other securities

    beginning of year $13,213,667 · end of year $14,409,741

  • 15 · Other assets

    beginning of year $4,385,132 · end of year $5,972,060

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,584,917 · end of year $3,079,273

  • 19 · Deferred revenue

    beginning of year $2,187,953 · end of year $3,357,774

  • 23 · Secured mortgages and notes payable

    beginning of year $39,459,286 · end of year $43,068,985

  • 25 · Other liabilities

    beginning of year $449,067 · end of year $455,301

  • 29 · Capital stock, trust principal or current funds

    beginning of year $117,755 · end of year $117,755

  • 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 $22,054,519 · end of year $23,416,918

Mission and programs · 2024

Mission

To provide our members with safe, reliable, and affordable electricity, and offer innovative solutions to the rural community through our subsidiaries.

Activities or mission (Part I)

To provide our members with safe, reliable, and affordable electricity, and offer innovative solutions to the rural community through our subsidiary.

  • Providing reliable electric service to the members of the Cooperative

    Expenses $18,363,248 · Revenue $19,176,588

As filed on the 2024 return.

Listed in Part VII

  • Lynn Hodges

    CEO/Manager

    Total calculated
    $414,374
    From this org
    $259,118
    From related orgs
    $0
    Other
    $155,256
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $259,118
    Bonus
    $0
    Other
    $0
    Deferred
    $113,397
    Nontaxable benefits
    $41,859
    Filer's total
    $414,374

  • Rhonda Robison

    CFO/Assistant Manager

    Total calculated
    $310,409
    From this org
    $187,862
    From related orgs
    $0
    Other
    $122,547
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $187,862
    Bonus
    $0
    Other
    $0
    Deferred
    $101,771
    Nontaxable benefits
    $20,776
    Filer's total
    $310,409

  • Christopher Gaines

    Line Superintendent

    Total calculated
    $202,471
    From this org
    $133,926
    From related orgs
    $0
    Other
    $68,545
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $133,926
    Bonus
    $0
    Other
    $0
    Deferred
    $28,809
    Nontaxable benefits
    $39,736
    Filer's total
    $202,471

  • Michael Coons

    Lineman

    Total calculated
    $149,733
    From this org
    $119,761
    From related orgs
    $0
    Other
    $29,972
    Hours/week
    48

  • Christopher Mundle

    Foreman

    Total calculated
    $154,783
    From this org
    $119,654
    From related orgs
    $0
    Other
    $35,129
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $119,654
    Bonus
    $0
    Other
    $0
    Deferred
    $15,998
    Nontaxable benefits
    $19,131
    Filer's total
    $154,783

  • Andrew Kestner

    Foreman

    Total calculated
    $167,649
    From this org
    $116,479
    From related orgs
    $0
    Other
    $51,170
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $116,479
    Bonus
    $0
    Other
    $0
    Deferred
    $12,140
    Nontaxable benefits
    $39,030
    Filer's total
    $167,649

  • Robert Winsel

    Tech COO

    Total calculated
    $173,698
    From this org
    $113,991
    From related orgs
    $0
    Other
    $59,707
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $113,991
    Bonus
    $0
    Other
    $0
    Deferred
    $20,500
    Nontaxable benefits
    $39,207
    Filer's total
    $173,698

  • John Hemeyer

    Director

    Total calculated
    $29,644
    From this org
    $29,644
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jerry Elsberry

    Secretary

    Total calculated
    $27,744
    From this org
    $27,744
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Adam Kaiser

    Director

    Total calculated
    $27,344
    From this org
    $27,344
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • David Palmer

    Treasurer

    Total calculated
    $27,244
    From this org
    $27,244
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Thomas Wooten

    Director

    Total calculated
    $13,242
    From this org
    $13,242
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Connie Ketsenberg

    President

    Total calculated
    $13,241
    From this org
    $13,241
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Sharon Leake

    Vice President

    Total calculated
    $13,142
    From this org
    $13,142
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Richard Epperson Sr

    Director

    Total calculated
    $2,010
    From this org
    $2,010
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mark Hodges

    Director

    Total calculated
    $1,210
    From this org
    $1,210
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

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

None.

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.

  • Ralls Technologies Inc

    C · Communications - Fiber Solutions · MO · 100% owned · share of income -$135,720 · share of assets $2,171,551

Provenance

Return type
form_990
Tax year
2024
Filed
30 April 2025
IRS schema version
2024v5.1
Source object
202511719349300516

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