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Nonprofiteer
← MISSOURI RURAL ELECTRIC COOPERATIVE

Form 990 for tax year 2024

Filed by MISSOURI RURAL ELECTRIC COOPERATIVE.

Totals

Total revenue
$22,032,182
Total expenses
$21,501,469
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$20,736,166
Investment income
$35,190
Other revenue
$1,260,826
Total assets, end of year
$42,373,162
Total liabilities, end of year
$21,018,680
Net assets or fund balances, end of year
$21,354,482
Program services expenses (Part IX)
$21,501,469
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$21,501,469

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: ELECTRIC SALES

    total $20,636,725 · related or exempt $20,636,725

  • 2b · Program service revenue: OTHER ELECTRIC REVENUE

    total $99,441 · related or exempt $99,441

  • 3 · Investment income

    total $35,190 · related or exempt $35,190

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER REVENUE

    total $18,411 · related or exempt $18,411

  • 11b · Other revenue: PATRONAGE CAPITAL CREDI

    total $1,242,415 · related or exempt $1,242,415

  • 11e · Other revenue, total

    $1,260,826

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $837,252 · program services $837,252

  • 20 · Interest

    total $857,426 · program services $857,426

  • 22 · Depreciation, depletion and amortization

    total $1,117,268 · program services $1,117,268

  • 24a · Other expenses: COST OF POWER

    total $13,866,446 · program services $13,866,446

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $2,749,435 · program services $2,749,435

  • 24c · Other expenses: CUSTOMER ACCOUNTS EXPENSE

    total $546,179 · program services $546,179

  • 24d · Other expenses: GENERAL AND ADMIN EXPENSE

    total $1,527,463 · program services $1,527,463

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $950,325 · end of year $33,904

  • 4 · Accounts receivable

    beginning of year $1,750,317 · end of year $1,784,878

  • 8 · Inventories for sale or use

    beginning of year $783,127 · end of year $811,057

  • 9 · Prepaid expenses and deferred charges

    beginning of year $63,172 · end of year $13,665

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

    $39,470,758

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

    $12,537,478

  • 10c · Land, buildings and equipment, net

    beginning of year $25,651,450 · end of year $26,933,280

  • 15 · Other assets

    beginning of year $12,079,623 · end of year $12,796,378

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,739,824 · end of year $1,603,644

  • 23 · Secured mortgages and notes payable

    beginning of year $18,234,908 · end of year $18,844,198

  • 25 · Other liabilities

    beginning of year $514,982 · end of year $570,838

  • 29 · Capital stock, trust principal or current funds

    beginning of year $100,030 · end of year $100,975

  • 31 · Retained earnings, endowment or other funds

    beginning of year $20,688,270 · end of year $21,253,507

Mission and programs · 2024

Mission

THE PRIMARY EXEMPT PURPOSE OF THE COOPERATIVE IS TO PROVIDE ELECTRIC SERVICE TO ITS APPROXIMATELY 4,400 MEMBERS REPRESENTING 5,651 METERS IN FIVE COUNTIES IN NORTHEAST MISSOURI.

  • THE COOPERATIVE PROVIDES ELECTRICITY TO ITS APPROXIMATELY 4,400 MEMBER-OWNERS THROUGH ITS DISTRIBUTION SYSTEM.

    Expenses $21,501,469

As filed on the 2024 return.

Listed in Part VII

  • Matthew Hudson

    GENERAL MANAGER

    Total calculated
    $247,719
    From this org
    $181,548
    From related orgs
    $0
    Other
    $66,171
    Hours/week
    44.86

    Schedule J breakdown matched by us

    Base
    $181,548
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $66,171
    Filer's total
    $247,719

  • Benjamin Martin

    OPERATIONS MANAGER

    Total calculated
    $183,007
    From this org
    $106,428
    From related orgs
    $0
    Other
    $76,579
    Hours/week
    43.01

    Schedule J breakdown matched by us

    Base
    $106,428
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $76,579
    Filer's total
    $183,007

  • Andrew Barnett

    FOREMAN LINEMAN

    Total calculated
    $162,758
    From this org
    $108,686
    From related orgs
    $0
    Other
    $54,072
    Hours/week
    43.44

    Schedule J breakdown matched by us

    Base
    $108,686
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $54,072
    Filer's total
    $162,758

  • Kyle Schneider

    FOREMAN LINEMAN

    Total calculated
    $153,908
    From this org
    $111,093
    From related orgs
    $0
    Other
    $42,815
    Hours/week
    44.39

    Schedule J breakdown matched by us

    Base
    $111,093
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $42,815
    Filer's total
    $153,908

  • Andy Augspurg

    LEAD LINEMAN

    Total calculated
    $152,390
    From this org
    $108,721
    From related orgs
    $0
    Other
    $43,669
    Hours/week
    43.93

    Schedule J breakdown matched by us

    Base
    $108,721
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $43,669
    Filer's total
    $152,390

  • Tanner Gordon

    JOURNEYMAN LINEMAN

    Total calculated
    $143,539
    From this org
    $107,369
    From related orgs
    $0
    Other
    $36,170
    Hours/week
    45.01

  • Kayla Klauser

    MANAGER OF FINANCE AND ACCOUNTING

    Total calculated
    $137,259
    From this org
    $98,110
    From related orgs
    $0
    Other
    $39,149
    Hours/week
    40.77

  • Ross Frankenbach

    SECRETARY

    Total calculated
    $13,650
    From this org
    $13,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.92

  • Robert Hall

    DIRECTOR

    Total calculated
    $10,150
    From this org
    $10,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.37

  • Greg R Straus

    DIRECTOR

    Total calculated
    $9,800
    From this org
    $9,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.09

  • Joseph Swisher

    VICE PRESIDENT

    Total calculated
    $9,800
    From this org
    $9,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.77

  • Cole Sutter

    DIRECTOR

    Total calculated
    $7,350
    From this org
    $7,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.87

  • Ollie L Pennewell

    DIRECTOR

    Total calculated
    $6,650
    From this org
    $6,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.58

  • Shondell Haerr

    PRESIDENT

    Total calculated
    $6,650
    From this org
    $6,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.83

  • Dick Disselhorst

    TREASURER

    Total calculated
    $5,600
    From this org
    $5,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.98

  • Trent Gottman

    DIRECTOR

    Total calculated
    $4,550
    From this org
    $4,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.02

  • Brenda Althoff

    DIRECTOR

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.93

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 · Approval by the board or compensation committee

Answered no

None.

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
2024
Filed
12 June 2025
IRS schema version
2024v5.1
Source object
202531639349301443

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