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Nonprofiteer
← NORTH CENTRAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by NORTH CENTRAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$34,539,385
Total expenses
$33,594,501
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$33,666,742
Investment income
$60,559
Other revenue
$812,084
Total assets, end of year
$89,021,916
Total liabilities, end of year
$52,871,382
Net assets or fund balances, end of year
$36,150,534
Program services expenses (Part IX)
$33,594,501
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$33,594,501

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: RESIDENTIAL SALES

    total $20,479,133 · related or exempt $20,479,133

  • 2b · Program service revenue: COMMERCIAL SALES - LARGE

    total $7,582,738 · related or exempt $7,582,738

  • 2c · Program service revenue: COMMERCIAL SALES- SMALL

    total $4,506,182 · related or exempt $4,506,182

  • 2d · Program service revenue: PUBLIC REVENUES

    total $747,195 · related or exempt $747,195

  • 2e · Program service revenue: OTHER ELECTRIC REVENUES

    total $300,293 · related or exempt $300,293

  • 2f · All other program service revenue

    total $51,201 · related or exempt $51,201

  • 3 · Investment income

    total $60,559 · excluded $60,559

  • 11a · Other revenue: PATRONAGE CAPITAL CREDITS

    total $722,947 · related or exempt $722,947

  • 11b · Other revenue: MISC REVENUE/EXPENSE

    total $77,059 · related or exempt $77,059

  • 11d · All other revenue

    total $12,078 · excluded $12,078

  • 11e · Other revenue, total

    $812,084

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,162,597 · program services $1,162,597

  • 5 · Compensation of officers, directors and key employees

    total $1,024,486 · program services $1,024,486

  • 11a · Fees: management

    total $33,947 · program services $33,947

  • 11b · Fees: legal

    total $36,025 · program services $36,025

  • 11c · Fees: accounting

    total $27,206 · program services $27,206

  • 12 · Advertising and promotion

    total $132,023 · program services $132,023

  • 20 · Interest

    total $1,864,585 · program services $1,864,585

  • 22 · Depreciation, depletion and amortization

    total $3,956,123 · program services $3,956,123

  • 24a · Other expenses: PURCHASED POWER

    total $19,756,972 · program services $19,756,972

  • 24b · Other expenses: OPERATIONS EXPENSE

    total $2,035,767 · program services $2,035,767

  • 24c · Other expenses: MAINTENANCE EXPENSE

    total $1,491,634 · program services $1,491,634

  • 24d · Other expenses: STATE EXCISE TAX

    total $943,419 · program services $943,419

  • 24e · All other expenses

    total $1,129,717 · program services $1,129,717

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,526,131 · end of year $1,749,941

  • 2 · Savings and temporary cash investments

    beginning of year $55,354 · end of year $57,959

  • 4 · Accounts receivable

    beginning of year $4,651,979 · end of year $3,402,003

  • 7 · Other notes and loans receivable

    beginning of year $7,445 · end of year $7,575

  • 8 · Inventories for sale or use

    beginning of year $1,234,467 · end of year $1,282,741

  • 9 · Prepaid expenses and deferred charges

    beginning of year $223,362 · end of year $276,857

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

    $102,554,999

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

    $34,890,318

  • 10c · Land, buildings and equipment, net

    beginning of year $64,626,418 · end of year $67,664,681

  • 12 · Investments: other securities

    beginning of year $13,918,915 · end of year $14,580,159

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,300,046 · end of year $4,209,104

  • 23 · Secured mortgages and notes payable

    beginning of year $37,192,365 · end of year $45,895,103

  • 25 · Other liabilities

    beginning of year $2,421,110 · end of year $2,767,175

  • 29 · Capital stock, trust principal or current funds

    beginning of year $80,980 · end of year $80,980

  • 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 $36,249,570 · end of year $36,069,554

Mission and programs · 2024

Mission

TO PROVIDE OUR MEMBER-OWNERS WITH HIGHLY RELIABLE ELECTRIC SERVICE, SUPERIOR CUSTOMER SERVICE AND INNOVATIVE ENERGY SOLUTIONS AT COMPETITIVE PRICES.

Activities or mission (Part I)

TO PROVIDE ELECTRICITY AND RELATED SERVICES TO MEMBERS.

  • PROVIDE ELECTRICITY AND RELATED SERVICES TO MEMBERS.

    Expenses $33,594,501 · Revenue $33,666,742

As filed on the 2024 return.

Listed in Part VII

  • Rodney Snavely

    CHAIR

    Total calculated
    $17,500
    From this org
    $17,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.5

  • Michael Scherger

    VICE CHAIR

    Total calculated
    $9,800
    From this org
    $9,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.43

  • Steven Seitz

    TREASURER

    Total calculated
    $9,100
    From this org
    $9,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.55

  • Kevin Bishop

    SECRETARY

    Total calculated
    $15,400
    From this org
    $15,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.17

  • Andrew Brose

    DIRECTOR

    Total calculated
    $6,500
    From this org
    $6,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.4

  • Ronald Frisch

    DIRECTOR

    Total calculated
    $10,150
    From this org
    $10,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.87

  • David Green

    DIRECTOR

    Total calculated
    $6,500
    From this org
    $6,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.21

  • Dennis Schindler

    DIRECTOR

    Total calculated
    $11,200
    From this org
    $11,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.1

  • Nicholas Wagner

    DIRECTOR

    Total calculated
    $17,848
    From this org
    $17,848
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.58

  • Edward Vanhoose

    PRESIDENT/CEO

    Total calculated
    $182,313
    From this org
    $134,532
    From related orgs
    $0
    Other
    $47,781
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $134,532
    Bonus
    $0
    Other
    $0
    Deferred
    $38,326
    Nontaxable benefits
    $9,455
    Filer's total
    $182,313

  • Brad Warnement

    CHIEF OPERATING OFFICER

    Total calculated
    $131,129
    From this org
    $66,397
    From related orgs
    $0
    Other
    $64,732
    Hours/week
    40

  • Joshua Long

    CHIEF FINANCIAL OFFICER

    Total calculated
    $66,033
    From this org
    $56,156
    From related orgs
    $0
    Other
    $9,877
    Hours/week
    40

  • Andrew Ruffing

    CHIEF ADMINISTRATIVE OFFIC

    Total calculated
    $61,979
    From this org
    $46,893
    From related orgs
    $0
    Other
    $15,086
    Hours/week
    40

  • Justis Clifford

    CHIEF STRATEGY OFFICER

    Total calculated
    $61,284
    From this org
    $46,283
    From related orgs
    $0
    Other
    $15,001
    Hours/week
    40

  • Brian Miller

    LINEMAN

    Total calculated
    $145,379
    From this org
    $119,855
    From related orgs
    $0
    Other
    $25,524
    Hours/week
    46.42

  • Alexander Scheiber

    LINEMAN

    Total calculated
    $146,124
    From this org
    $113,429
    From related orgs
    $0
    Other
    $32,695
    Hours/week
    44.64

  • Chad Burger

    LINEMAN

    Total calculated
    $153,750
    From this org
    $112,841
    From related orgs
    $0
    Other
    $40,909
    Hours/week
    45.23

    Schedule J breakdown matched by us

    Base
    $112,841
    Bonus
    $0
    Other
    $0
    Deferred
    $15,356
    Nontaxable benefits
    $25,553
    Filer's total
    $153,750

  • Paul Weaver

    LINEMAN

    Total calculated
    $153,434
    From this org
    $112,314
    From related orgs
    $0
    Other
    $41,120
    Hours/week
    44.77

    Schedule J breakdown matched by us

    Base
    $112,314
    Bonus
    $0
    Other
    $0
    Deferred
    $15,567
    Nontaxable benefits
    $25,553
    Filer's total
    $153,434

  • Curtis Reiter

    LINEMAN

    Total calculated
    $165,017
    From this org
    $111,788
    From related orgs
    $0
    Other
    $53,229
    Hours/week
    44.63

    Schedule J breakdown matched by us

    Base
    $111,788
    Bonus
    $0
    Other
    $0
    Deferred
    $27,676
    Nontaxable benefits
    $25,553
    Filer's total
    $165,017

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.

  • FEDERATED ENERGY SERVICES COOPERATIVE INC

    C · SERVICE MANAGEMENT · OH · 50% owned

Provenance

Return type
form_990
Tax year
2024
Filed
12 June 2025
IRS schema version
2024v5.1
Source object
202531779349301013

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