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Nonprofiteer
← ATCHISON-HOLT ELECTRIC COOPERATIVE

Form 990 for tax year 2022

Filed by ATCHISON-HOLT ELECTRIC COOPERATIVE.

Totals

Total revenue
$10,788,403
Total expenses
$10,788,403
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$10,533,860
Investment income
$213,836
Other revenue
$40,707
Total assets, end of year
$36,164,975
Total liabilities, end of year
$23,473,782
Net assets or fund balances, end of year
$12,691,193
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 $10,176,553 · related or exempt $10,176,553

  • 2b · Program service revenue: CAPITAL CREDITS

    total $333,681 · related or exempt $333,681

  • 2c · Program service revenue: MISC ELECTRIC REVENUE

    total $23,626 · related or exempt $23,626

  • 3 · Investment income

    total $188,336 · excluded $188,336

  • 7a · Gross sales of assets other than inventory

    other assets $25,500

  • 7c · Gain or loss

    other assets $25,500

  • 7d · Net gain or loss

    total $25,500 · related or exempt $25,500

  • 11a · Other revenue: MISC NON OPERATING

    total $40,707 · related or exempt $40,707

  • 11e · Other revenue, total

    $40,707

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,531,351

  • 5 · Compensation of officers, directors and key employees

    total $621,305

  • 7 · Other salaries and wages

    total $822,395

  • 20 · Interest

    total $524,946

  • 22 · Depreciation, depletion and amortization

    total $822,171

  • 24a · Other expenses: COST OF POWER

    total $5,137,469

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $828,593

  • 24c · Other expenses: ADMIN & GENERAL

    total $339,725

  • 24d · Other expenses: MEMBER SERVICES

    total $160,448

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,554,721 · end of year $1,106,560

  • 4 · Accounts receivable

    beginning of year $741,902 · end of year $862,557

  • 8 · Inventories for sale or use

    beginning of year $86,601 · end of year $233,408

  • 9 · Prepaid expenses and deferred charges

    beginning of year $137,772 · end of year $64,154

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

    $31,942,297

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

    $8,771,165

  • 10c · Land, buildings and equipment, net

    beginning of year $22,314,437 · end of year $23,171,132

  • 13 · Investments: program-related

    beginning of year $9,561,995 · end of year $10,717,670

  • 15 · Other assets

    beginning of year $9,282 · end of year $9,494

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,030,083 · end of year $1,000,407

  • 19 · Deferred revenue

    beginning of year $3,855,140 · end of year $4,732,229

  • 23 · Secured mortgages and notes payable

    beginning of year $17,070,413 · end of year $17,658,447

  • 25 · Other liabilities

    beginning of year $72,199 · end of year $82,699

  • 29 · Capital stock, trust principal or current funds

    beginning of year $528,458 · end of year $596,561

  • 31 · Retained earnings, endowment or other funds

    beginning of year $11,850,417 · end of year $12,094,632

Mission and programs · 2022

Mission

ATCHISON-HOLT ELECTRIC COOPERATIVE IS DEDICATED TO PROVIDING OUR MEMBERS WITH A RELIABLE, COMPETITIVELY PRICED, HIGH QUALITY SUPPLY OF ELECTRIC ENERGY, WHILE ADHERING TO COOPERATIVE PRINCIPLES AND STRIVING TO IMPROVE THE QUALITY OF LIFE FOR ALL MEMBERS THROUGH A HIGHLY TRAINED, EFFICIENT STAFF.

  • 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 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin P Dechant

    GENERAL MANA

    Total calculated
    $348,783
    From this org
    $205,076
    From related orgs
    $0
    Other
    $143,707
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $205,076
    Bonus
    not reported
    Other
    not reported
    Deferred
    $119,378
    Nontaxable benefits
    $24,329
    Filer's total
    $348,783

  • Michael L Daugherty

    LINE SUPERIN

    Total calculated
    $225,518
    From this org
    $117,714
    From related orgs
    $0
    Other
    $107,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,714
    Bonus
    not reported
    Other
    not reported
    Deferred
    $84,629
    Nontaxable benefits
    $23,175
    Filer's total
    $225,518

  • Kevin R Clark

    CFO

    Total calculated
    $203,722
    From this org
    $128,228
    From related orgs
    $0
    Other
    $75,494
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $128,228
    Bonus
    not reported
    Other
    not reported
    Deferred
    $55,394
    Nontaxable benefits
    $20,100
    Filer's total
    $203,722

  • Joey R Bradley

    FOREMAN

    Total calculated
    $163,337
    From this org
    $105,657
    From related orgs
    $0
    Other
    $57,680
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $105,657
    Bonus
    not reported
    Other
    not reported
    Deferred
    $34,537
    Nontaxable benefits
    $23,143
    Filer's total
    $163,337

  • Brock E Davis

    FOREMAN

    Total calculated
    $149,114
    From this org
    $108,226
    From related orgs
    $0
    Other
    $40,888
    Hours/week
    42

  • Tyler W Heits

    JOURNEYMAN L

    Total calculated
    $143,398
    From this org
    $101,453
    From related orgs
    $0
    Other
    $41,945
    Hours/week
    43

  • Galen R Hunter

    JOURNEYMAN L

    Total calculated
    $141,028
    From this org
    $103,768
    From related orgs
    $0
    Other
    $37,260
    Hours/week
    42

  • James Crawford

    DIRECTOR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.77

  • Larry Lauman

    SECRETARY

    Total calculated
    $11,600
    From this org
    $11,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.25

  • David Frede

    TREASURER

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.56

  • Hugh Wallace

    VICE PRESIDE

    Total calculated
    $7,600
    From this org
    $7,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.48

  • Nancy Daugherty

    DIRECTOR

    Total calculated
    $7,200
    From this org
    $7,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.68

  • Craig Heits

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.23

  • Duane Klute

    PRESIDENT

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.27

  • Marvin Gubser

    DIRECTOR

    Total calculated
    $5,600
    From this org
    $5,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.25

  • Dennis Wright

    DIRECTOR

    Total calculated
    $4,400
    From this org
    $4,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.96

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
2022
Filed
27 October 2023
IRS schema version
2022v5.0
Source object
202333059349301713

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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