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Nonprofiteer
← ATCHISON-HOLT ELECTRIC COOPERATIVE

Form 990 for tax year 2023

Filed by ATCHISON-HOLT ELECTRIC COOPERATIVE.

Totals

Total revenue
$11,396,412
Total expenses
$10,689,258
Contributions and grants received
$707,154
Grants paid
$0
Program service revenue
$10,349,080
Investment income
$300,635
Other revenue
$39,543
Total assets, end of year
$35,866,141
Total liabilities, end of year
$22,703,655
Net assets or fund balances, end of year
$13,162,486
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.

  • 1e · Government grants (contributions)

    $707,154

  • 2a · Program service revenue: Sale of Electricity

    total $9,904,098 · related or exempt $9,904,098

  • 2b · Program service revenue: Other Operating

    total $151,230 · related or exempt $151,230

  • 2c · Program service revenue: Capital Credits

    total $293,752 · related or exempt $293,752

  • 3 · Investment income

    total $300,635 · excluded $300,635

  • 11a · Other revenue: Non-Operating

    total $39,543 · related or exempt $39,543

  • 11e · Other revenue, total

    $39,543

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $740,208

  • 5 · Compensation of officers, directors and key employees

    total $604,122

  • 7 · Other salaries and wages

    total $785,820

  • 20 · Interest

    total $512,258

  • 22 · Depreciation, depletion and amortization

    total $841,680

  • 24a · Other expenses: Cost of Power

    total $5,410,843 · program services $5,410,843

  • 24b · Other expenses: Distribution Expense

    total $1,212,440 · program services $1,212,440

  • 24c · Other expenses: Admin & General

    total $394,899 · program services $394,899

  • 24d · Other expenses: Member Services

    total $186,988 · program services $186,988

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,106,560 · end of year $940,646

  • 4 · Accounts receivable

    beginning of year $862,557 · end of year $760,465

  • 8 · Inventories for sale or use

    beginning of year $233,408 · end of year $250,089

  • 9 · Prepaid expenses and deferred charges

    beginning of year $64,154 · end of year $58,746

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

    $32,310,863

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

    $9,217,033

  • 10c · Land, buildings and equipment, net

    beginning of year $23,171,132 · end of year $23,093,830

  • 13 · Investments: program-related

    beginning of year $10,717,670 · end of year $10,762,365

  • 15 · Other assets

    beginning of year $9,494

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,000,407 · end of year $979,099

  • 19 · Deferred revenue

    beginning of year $4,732,229 · end of year $4,771,579

  • 23 · Secured mortgages and notes payable

    beginning of year $17,658,447 · end of year $16,855,028

  • 25 · Other liabilities

    beginning of year $82,699 · end of year $97,949

  • 29 · Capital stock, trust principal or current funds

    beginning of year $596,561

  • 31 · Retained earnings, endowment or other funds

    beginning of year $12,094,632 · end of year $13,162,486

Mission and programs · 2023

Mission

See Note on Schedule O

  • Atchison-Holt Electric Cooperative is a member-owned electric utility providing approximately 3,800 services to approximately 2,500 members. Utilizing over 1,290 miles of line, Atchison-Holt Electric Cooperative serves its members in parts of Missouri and Iowa.

As filed on the 2023 return.

Listed in Part VII

  • Kevin P Dechant

    General ManagerCEO

    Total calculated
    $326,284
    From this org
    $220,099
    From related orgs
    $0
    Other
    $106,185
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $220,099
    Bonus
    not reported
    Other
    not reported
    Deferred
    $78,225
    Nontaxable benefits
    $27,960
    Filer's total
    $326,284

  • Michael L Daugherty

    Line Superintendent

    Total calculated
    $212,443
    From this org
    $123,829
    From related orgs
    $0
    Other
    $88,614
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,829
    Bonus
    not reported
    Other
    not reported
    Deferred
    $60,376
    Nontaxable benefits
    $28,238
    Filer's total
    $212,443

  • Kevin R Clark

    CFO

    Total calculated
    $194,238
    From this org
    $134,040
    From related orgs
    $0
    Other
    $60,198
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $134,040
    Bonus
    not reported
    Other
    not reported
    Deferred
    $37,100
    Nontaxable benefits
    $23,098
    Filer's total
    $194,238

  • Joey R Bradley

    Foreman

    Total calculated
    $156,042
    From this org
    $107,708
    From related orgs
    $0
    Other
    $48,334
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $107,708
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,461
    Nontaxable benefits
    $27,873
    Filer's total
    $156,042

  • Brock E Davis

    Foreman

    Total calculated
    $142,014
    From this org
    $110,816
    From related orgs
    $0
    Other
    $31,198
    Hours/week
    42

  • Tyler W Heits

    Journeyman Lineman

    Total calculated
    $141,586
    From this org
    $101,757
    From related orgs
    $0
    Other
    $39,829
    Hours/week
    42

  • Galen R Hunter

    Journeyman Lineman

    Total calculated
    $133,735
    From this org
    $105,565
    From related orgs
    $0
    Other
    $28,170
    Hours/week
    42

  • James Crawford

    Director

    Total calculated
    $18,250
    From this org
    $18,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.63

  • Larry Lauman

    Secretary

    Total calculated
    $13,100
    From this org
    $13,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.33

  • Hugh Wallace

    Vice President

    Total calculated
    $11,900
    From this org
    $11,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.88

  • Nancy Daugherty

    Director

    Total calculated
    $8,525
    From this org
    $8,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.65

  • David Frede

    Treasurer

    Total calculated
    $8,300
    From this org
    $8,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.56

  • Craig Heits

    Director

    Total calculated
    $7,100
    From this org
    $7,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.65

  • Duane Klute

    President

    Total calculated
    $5,975
    From this org
    $5,975
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.81

  • Marvin Gubser

    Director

    Total calculated
    $4,550
    From this org
    $4,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.06

  • Dennis Wright

    Director

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • Michael Peters

    Director

    Total calculated
    $2,300
    From this org
    $2,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.18

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202403179349305015

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