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Nonprofiteer
← ROLLING HILLS ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by ROLLING HILLS ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$30,654,765
Total expenses
$30,088,880
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$30,014,150
Investment income
$636,628
Other revenue
$3,987
Total assets, end of year
$97,089,697
Total liabilities, end of year
$61,370,707
Net assets or fund balances, end of year
$35,718,990
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: Electric Sales

    total $29,555,449 · related or exempt $29,555,449

  • 2b · Program service revenue: Capital Credits

    total $458,701 · related or exempt $458,701

  • 3 · Investment income

    total $70,861 · excluded $70,861

  • 7a · Gross sales of assets other than inventory

    other assets $565,767

  • 7c · Gain or loss

    other assets $565,767

  • 7d · Net gain or loss

    total $565,767 · related or exempt $565,767

  • 11a · Other revenue: Other Revenue 990-T

    total -$2,474 · unrelated business -$2,474

  • 11b · Other revenue: Other Revenue

    total $6,461 · related or exempt $6,461

  • 11e · Other revenue, total

    $3,987

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,578,583

  • 5 · Compensation of officers, directors and key employees

    total $586,061

  • 7 · Other salaries and wages

    total $298,516

  • 20 · Interest

    total $2,420,807

  • 22 · Depreciation, depletion and amortization

    total $3,119,168

  • 24a · Other expenses: Cost of Power

    total $14,804,555 · program services $14,804,555

  • 24b · Other expenses: Distribution

    total $3,201,103 · program services $3,201,103

  • 24c · Other expenses: Consumer Services

    total $563,456 · program services $563,456

  • 24d · Other expenses: Admin & General

    total $1,080,542 · program services $1,080,542

  • 24e · All other expenses

    total $1,436,089

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,552,231 · end of year $1,151,799

  • 4 · Accounts receivable

    beginning of year $2,513,650 · end of year $2,377,640

  • 7 · Other notes and loans receivable

    beginning of year $141,910 · end of year $141,910

  • 8 · Inventories for sale or use

    beginning of year $458,745 · end of year $620,971

  • 9 · Prepaid expenses and deferred charges

    beginning of year $179,162 · end of year $174,197

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

    $122,822,050

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

    $39,740,272

  • 10c · Land, buildings and equipment, net

    beginning of year $78,834,017 · end of year $83,081,778

  • 13 · Investments: program-related

    beginning of year $9,377,620 · end of year $9,541,402

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,450,050 · end of year $3,067,389

  • 19 · Deferred revenue

    beginning of year $993,141 · end of year $1,018,636

  • 23 · Secured mortgages and notes payable

    beginning of year $55,425,275 · end of year $56,836,224

  • 24 · Unsecured notes and loans payable

    end of year $448,458

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

    beginning of year $18,775 · end of year $18,080

  • 31 · Retained earnings, endowment or other funds

    beginning of year $33,170,094 · end of year $35,700,910

Mission and programs · 2023

Mission

Rolling Hills provides and improves economic growth and quality of life for members,employees, and communities through application of core values and a sound business plan

  • See Schedule O

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Douglas Jackson

    General Manager

    Total calculated
    $270,361
    From this org
    $165,745
    From related orgs
    $0
    Other
    $104,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,745
    Bonus
    not reported
    Other
    not reported
    Deferred
    $94,771
    Nontaxable benefits
    $9,845
    Filer's total
    $270,361

  • Marc Martin

    Operations Manager

    Total calculated
    $191,855
    From this org
    $120,448
    From related orgs
    $0
    Other
    $71,407
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,448
    Bonus
    not reported
    Other
    not reported
    Deferred
    $50,402
    Nontaxable benefits
    $21,005
    Filer's total
    $191,855

  • Angie Behymer

    Accounting & CSR Manager

    Total calculated
    $124,617
    From this org
    $86,576
    From related orgs
    $0
    Other
    $38,041
    Hours/week
    40

  • Jason M Rabe

    CEOGeneral Manager

    Total calculated
    $116,167
    From this org
    $98,878
    From related orgs
    $0
    Other
    $17,289
    Hours/week
    40

  • Adrion Reed

    Executive Service Manager

    Total calculated
    $106,661
    From this org
    $86,082
    From related orgs
    $0
    Other
    $20,579
    Hours/week
    40

  • Paul Wilson

    Trustee

    Total calculated
    $12,866
    From this org
    $12,866
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • John George

    Trustee

    Total calculated
    $11,800
    From this org
    $11,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Eric Andersen

    Trustee

    Total calculated
    $8,550
    From this org
    $8,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Michelle Brokes

    Trustee

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Justin Trost

    Trustee

    Total calculated
    $7,800
    From this org
    $7,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Dave Dubbert

    Trustee

    Total calculated
    $6,150
    From this org
    $6,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Corey Diabal

    Trustee

    Total calculated
    $5,400
    From this org
    $5,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Tom Marr

    Trustee

    Total calculated
    $4,950
    From this org
    $4,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Mike Brzon

    Trustee

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Sarah Gross

    Trustee

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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

  • 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
29 August 2024
IRS schema version
2023v5.1
Source object
202402689349301345

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