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Nonprofiteer
← WESTERN ILLINOIS ELECTRICAL COOP

Form 990 for tax year 2023

Filed by WESTERN ILLINOIS ELECTRICAL COOP.

Totals

Total revenue
$11,199,774
Total expenses
$11,199,774
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$11,084,014
Investment income
$78,308
Other revenue
$37,452
Total assets, end of year
$27,450,583
Total liabilities, end of year
$12,105,361
Net assets or fund balances, end of year
$15,345,222
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 $10,628,064 · related or exempt $10,628,064

  • 2b · Program service revenue: Capital Credits

    total $417,445 · related or exempt $417,445

  • 2c · Program service revenue: Other Operating

    total $38,505 · related or exempt $38,505

  • 3 · Investment income

    total $64,120 · excluded $64,120

  • 6a · Gross rents

    real property $11,122

  • 6c · Rental income or loss

    real property $11,122

  • 6d · Net rental income or loss

    total $11,122 · excluded $11,122

  • 7a · Gross sales of assets other than inventory

    other assets $14,188

  • 7c · Gain or loss

    other assets $14,188

  • 7d · Net gain or loss

    total $14,188 · related or exempt $14,188

  • 11a · Other revenue: Non-Operating

    total $26,330 · related or exempt $26,330

  • 11e · Other revenue, total

    $26,330

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $909,550

  • 5 · Compensation of officers, directors and key employees

    total $341,779

  • 7 · Other salaries and wages

    total $609,690

  • 20 · Interest

    total $356,870

  • 22 · Depreciation, depletion and amortization

    total $839,556

  • 24a · Other expenses: Cost of Power

    total $7,085,800 · program services $7,085,800

  • 24b · Other expenses: Distribution Expense

    total $590,681 · program services $590,681

  • 24c · Other expenses: Admin & General

    total $376,790 · program services $376,790

  • 24d · Other expenses: Member Services

    total $67,531 · program services $67,531

  • 24e · All other expenses

    total $21,527

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $787,159 · end of year $972,670

  • 4 · Accounts receivable

    beginning of year $849,081 · end of year $870,035

  • 7 · Other notes and loans receivable

    beginning of year $1,832,687 · end of year $1,160,265

  • 8 · Inventories for sale or use

    beginning of year $405,441 · end of year $583,393

  • 9 · Prepaid expenses and deferred charges

    beginning of year $81,644 · end of year $76,071

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

    $31,006,246

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

    $12,592,417

  • 10c · Land, buildings and equipment, net

    beginning of year $16,414,705 · end of year $18,413,829

  • 13 · Investments: program-related

    beginning of year $5,181,625 · end of year $5,374,320

  • 17 · Accounts payable and accrued expenses

    beginning of year $951,017 · end of year $968,309

  • 19 · Deferred revenue

    beginning of year $123,086 · end of year $117,999

  • 23 · Secured mortgages and notes payable

    beginning of year $9,782,262 · end of year $11,019,053

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $13,975 · end of year $13,910

  • 31 · Retained earnings, endowment or other funds

    beginning of year $14,682,002 · end of year $15,331,312

Mission and programs · 2023

Mission

We are committed to give our member-owners the most reliable, cost-effective electric energy services possible.

  • Western Illinois Electrical Coop. is a member-owned electrical cooperative that provides service to approximately 3,600 members in the rural areas of Hancock, Southern Henderson, parts of Adams and McDonough counties.

As filed on the 2023 return.

Listed in Part VII

  • Michael Todd Grotts

    Manager

    Total calculated
    $210,206
    From this org
    $157,844
    From related orgs
    $0
    Other
    $52,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,844
    Bonus
    not reported
    Other
    not reported
    Deferred
    $50,973
    Nontaxable benefits
    $1,389
    Filer's total
    $210,206

  • Eric Albert Johnson

    Line Foreman

    Total calculated
    $175,880
    From this org
    $135,576
    From related orgs
    $0
    Other
    $40,304
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,576
    Bonus
    not reported
    Other
    not reported
    Deferred
    $39,215
    Nontaxable benefits
    $1,089
    Filer's total
    $175,880

  • Andrew J Lafeber

    Crew Foreman

    Total calculated
    $157,771
    From this org
    $115,599
    From related orgs
    $0
    Other
    $42,172
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,599
    Bonus
    not reported
    Other
    not reported
    Deferred
    $25,777
    Nontaxable benefits
    $16,395
    Filer's total
    $157,771

  • Cody L Grainger

    Area Service Technician

    Total calculated
    $153,857
    From this org
    $121,338
    From related orgs
    $0
    Other
    $32,519
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,338
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,881
    Nontaxable benefits
    $9,638
    Filer's total
    $153,857

  • Kyle Tanner

    Apprentice Lineworker

    Total calculated
    $122,181
    From this org
    $107,212
    From related orgs
    $0
    Other
    $14,969
    Hours/week
    40

  • Wendi Renea Whitaker

    Finance and Accounting Manage

    Total calculated
    $121,774
    From this org
    $88,918
    From related orgs
    $0
    Other
    $32,856
    Hours/week
    40

  • Jay Morrison

    Director

    Total calculated
    $1,600
    From this org
    $1,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Janet Spory

    Director

    Total calculated
    $1,600
    From this org
    $1,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Mark Burling

    Director

    Total calculated
    $1,600
    From this org
    $1,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Dustin Walker

    Director

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Stephen Patrick

    Director

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Robert Gronewold

    Director

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    $1,100
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $1,100

  • Kim Gullbert

    Director

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Landon Guymon

    Director

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

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
25 October 2024
IRS schema version
2023v5.1
Source object
202422999349301472

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