Skip to content
Nonprofiteer
← RACCOON VALLEY ELECTRIC COOPERATIVE

Form 990 for tax year 2025

Filed by RACCOON VALLEY ELECTRIC COOPERATIVE.

Totals

Total revenue
$16,871,352
Total expenses
$15,965,955
Contributions and grants received
$0
Grants paid
$8,186
Program service revenue
$16,719,458
Investment income
$96,285
Other revenue
$55,609
Total assets, end of year
$54,382,974
Total liabilities, end of year
$29,068,021
Net assets or fund balances, end of year
$25,314,953
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 POWER

    total $15,698,670 · related or exempt $15,698,670

  • 2b · Program service revenue: CAPITAL CREDITS

    total $1,020,788 · related or exempt $1,020,788

  • 3 · Investment income

    total $68,355 · excluded $68,355

  • 7a · Gross sales of assets other than inventory

    other assets $27,930

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $27,930

  • 7d · Net gain or loss

    total $27,930 · excluded $27,930

  • 10a · Gross sales of inventory

    $125,906

  • 10b · Cost of goods sold

    $70,297

  • 10c · Net income from sales of inventory

    total $55,609 · related or exempt $55,609

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,186

  • 4 · Benefits paid to or for members

    total $1,000,000

  • 5 · Compensation of officers, directors and key employees

    total $426,335

  • 7 · Other salaries and wages

    total $1,489,553

  • 8 · Pension plan contributions

    total $270,340

  • 10 · Payroll taxes

    total $135,669

  • 20 · Interest

    total $918,786

  • 22 · Depreciation, depletion and amortization

    total $1,399,927

  • 24a · Other expenses: COST OF POWER

    total $9,705,379

  • 24b · Other expenses: DISTRIBUTION-OPERATIONS

    total $903,871

  • 24c · Other expenses: ADMIN & GENERAL

    total $748,220

  • 24d · Other expenses: DISTRIBUTION-MAINTENANC

    total $740,632

  • 24e · All other expenses

    total -$1,780,943

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $485,653 · end of year $833,914

  • 4 · Accounts receivable

    beginning of year $1,538,974 · end of year $1,723,525

  • 7 · Other notes and loans receivable

    beginning of year $6,987,781 · end of year $6,336,111

  • 8 · Inventories for sale or use

    beginning of year $736,888 · end of year $699,559

  • 9 · Prepaid expenses and deferred charges

    beginning of year $144,178 · end of year $166,539

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

    $46,201,239

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

    $16,709,211

  • 10c · Land, buildings and equipment, net

    beginning of year $29,456,878 · end of year $29,492,028

  • 12 · Investments: other securities

    beginning of year $1,809,633 · end of year $1,762,911

  • 13 · Investments: program-related

    beginning of year $11,178,064 · end of year $11,594,651

  • 15 · Other assets

    beginning of year $1,773,726 · end of year $1,773,736

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,644,672 · end of year $1,582,028

  • 21 · Escrow or custodial account liability

    beginning of year $3,205 · end of year $3,222

  • 23 · Secured mortgages and notes payable

    beginning of year $26,682,421 · end of year $25,732,632

  • 24 · Unsecured notes and loans payable

    beginning of year $300,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,746,041 · end of year $1,750,139

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $23,735,436 · end of year $25,314,953

Mission and programs · 2025

Mission

TO PROVIDE SAFE, RELIABLE AND COMPETITIVE SERVICES WHILE BEING A LEADER IN OUR COMMUNITY'S PROSPERITY AND GROWTH.

Activities or mission (Part I)

PROVIDE ELECTRIC SERVICE TO MEMBERS.

  • PROVIDE ELECTRIC SERVICE TO APPROXIMATELY 2,094 MEMBERS. REVENUE IS COLLECTED FROM THE MEMBERS AND OTHER RELATED SOURCES FOR THE SOLE PURPOSE OF COVERING THE COST OF ELECTRIC SERVICE PROVIDED; AND TO PROVIDE OPERATING RESERVES TO FUND THOSE ACTIVITIES. EXCESS REVENUES OVER THE COST OF OPERATIONS AND ALLOCATIONS TO RESERVES ARE RETURNED TO THE MEMBERS AS PATRONAGE CAPITAL.

As filed on the 2025 return.

Listed in Part VII

  • David Onken

    PRESIDENT

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.6

  • Steve Schable

    VICE PRESIDENT

    Total calculated
    $7,200
    From this org
    $7,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Mark Ludwig

    SECRETARY/TREASURER

    Total calculated
    $9,600
    From this org
    $9,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.6

  • Karen Werner

    ASST SEC-TREAS.

    Total calculated
    $7,200
    From this org
    $7,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.1

  • Adam Handlos

    DIRECTOR

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.9

  • Dave Schroeder

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.7

  • Jeff Cranston

    DIRECTOR (JAN-SEPT)

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.2

  • Carol Raasch

    DIRECTOR (SEPT-DEC)

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • James Gossett

    CEO (UNTIL JAN 2025)

    Total calculated
    $75,851
    From this org
    $59,285
    From related orgs
    $0
    Other
    $16,566
    Hours/week
    45

  • Eugene Handlos

    CFO

    Total calculated
    $168,438
    From this org
    $129,408
    From related orgs
    $0
    Other
    $39,030
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $128,497
    Bonus
    $0
    Other
    $911
    Deferred
    $25,531
    Nontaxable benefits
    $15,024
    Filer's total
    $169,963

  • Keaton Hildreth

    INTERIM CEO (JAN-JUN)/CEO (JUL-DEC)

    Total calculated
    $113,868
    From this org
    $93,558
    From related orgs
    $0
    Other
    $20,310
    Hours/week
    24

    Schedule J breakdown matched by us

    Base
    $93,558
    Bonus
    $0
    Other
    $0
    Deferred
    $17,825
    Nontaxable benefits
    $9,572
    Filer's total
    $120,955

  • Jack Scanlan

    LINE SUPERINTENDENT

    Total calculated
    $220,261
    From this org
    $126,516
    From related orgs
    $0
    Other
    $93,745
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $124,090
    Bonus
    $0
    Other
    $2,426
    Deferred
    $73,547
    Nontaxable benefits
    $21,724
    Filer's total
    $221,787

  • Ryan Galloway

    LINE FOREMAN

    Total calculated
    $148,653
    From this org
    $116,489
    From related orgs
    $0
    Other
    $32,164
    Hours/week
    43

  • Chad Lankford

    METER TECHNICIAN

    Total calculated
    $169,347
    From this org
    $111,102
    From related orgs
    $0
    Other
    $58,245
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $109,964
    Bonus
    $0
    Other
    $1,138
    Deferred
    $36,366
    Nontaxable benefits
    $23,178
    Filer's total
    $170,646

  • Mitchell McKeever

    OPERATIONS SUPERINTENDENT

    Total calculated
    $194,130
    From this org
    $112,023
    From related orgs
    $0
    Other
    $82,107
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $108,913
    Bonus
    $0
    Other
    $3,110
    Deferred
    $69,919
    Nontaxable benefits
    $13,500
    Filer's total
    $195,442

  • Terry Vauble

    LINE FOREMAN

    Total calculated
    $194,901
    From this org
    $112,245
    From related orgs
    $0
    Other
    $82,656
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $109,102
    Bonus
    $0
    Other
    $3,143
    Deferred
    $62,639
    Nontaxable benefits
    $21,339
    Filer's total
    $196,223

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
ALL EMPLOYEE'S ARE OFFERED GYM MEMBERSHIP REIMBURSEMENT UP TO A MAXIMUM OF $150 PER YEAR. SUBSTANTIATION OF EXPENSES IS REQUIRED PRIOR TO REIMBURSEMENT.
FORM 990 SCHEDULE J PART II COLUMN C
INCLUDED IN COLUMN C IS CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR KEATON HILDRETH. CHANGE IN ACTUARIAL VALUE IN THE PLAN FOR MR. HILDRETH WAS $10,738. ACTUAL CONTRIBUTION EXPENSE FOR MR. HILDRETH WAS $17,825. INCLUDED IN COLUMN C IS CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR JACK SCANLAN. CHANGE IN ACTUARIAL VALUE IN THE PLAN FOR MR. SCANLAN WAS $73,547. ACTUAL CONTRIBUTION EXPENSE FOR MR. SCANLAN WAS $21,464. INCLUDED IN COLUMN C IS CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR EUGENE HANDLOS. CHANGE IN ACTUARIAL VALUE IN THE PLAN FOR MR. HANDLOS WAS $25,531. ACTUAL CONTRIBUTION EXPENSE FOR MR. HANDLOS WAS $22,125. INCLUDED IN COLUMN C IS CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR CHAD LANKFORD. CHANGE IN ACTUARIAL VALUE IN THE PLAN FOR MR. LANKFORD WAS $36,366. ACTUAL CONTRIBUTION EXPENSE FOR MR. LANKFORD WAS $19,381. INCLUDED IN COLUMN C IS CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR MITCHELL MCKEEVER. CHANGE IN ACTUARIAL VALUE IN THE PLAN FOR MR. MCKEEVER WAS $69,919. ACTUAL CONTRIBUTION EXPENSE FOR MR. MCKEEVER WAS $30,946. INCLUDED IN COLUMN C IS CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR TERRY VAUBLE. CHANGE IN ACTUARIAL VALUE IN THE PLAN FOR MR. VAUBLE WAS $62,639. ACTUAL CONTRIBUTION EXPENSE FOR MR. VAUBLE WAS $18,923.
FORM 990 SCHEDULE J PART II
KEATON HILDRETH WAS COMPENSATED BY AN UNRELATED ORGANIZATION, CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION, THROUGH A SHARED SERVICES AGREEMENT. TOTAL COMPENSATION AND BENEFITS, INCLUDING PAYROLL TAXES AND REIMBURSABLE EXPENSES, PAID FOR KEATON'S SERVICES IN 2025 WAS $93,558 AND $52,847, RESPECTIVELY.

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.

  • RACCOON VALLEY VISIONARY CORPORATION

    C · ECONOMIC DEVELOPMENT · IA · 100% owned · share of income $29,474 · share of assets $3,373,720 · controlled entity

    Directly controlled by RACCOON VALLEY ELECTRIC COOPERATIVE

Provenance

Return type
form_990
Tax year
2025
Filed
15 May 2026
IRS schema version
2025v4.1
Source object
202611479349300706

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

The source document this was parsed from is served over the API, which is where bulk and document access live.