Form 990 for tax year 2024
Filed by EASTERN ILLINI ELECTRIC COOPERATIVE INC.
Totals
- Total revenue
- $40,472,392
- Total expenses
- $38,635,886
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $38,759,304
- Investment income
- $77,869
- Other revenue
- $1,635,219
- Total assets, end of year
- $107,099,173
- Total liabilities, end of year
- $50,593,197
- Net assets or fund balances, end of year
- $56,505,976
- Program services expenses (Part IX)
- $38,635,886
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $38,635,886
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 ENERGY REVENUE
total $38,567,371 · related or exempt $38,567,371
-
2b · Program service revenue: MISCELLANEOUS ELECTRIC REVENUE
total $191,933 · related or exempt $191,933
-
3 · Investment income
total $77,869 · excluded $77,869
-
6a · Gross rents
real property $35,668
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $35,668
-
6d · Net rental income or loss
total $35,668 · related or exempt $35,668
-
10a · Gross sales of inventory
$155,649
-
10b · Cost of goods sold
$144,089
-
10c · Net income from sales of inventory
total $11,560 · related or exempt $11,560
-
11a · Other revenue: CAPITAL CREDITS
total $1,549,581 · related or exempt $1,549,581
-
11b · Other revenue: OTHER INCOME
total $34,785 · unrelated business $34,785
-
11c · Other revenue: POLE CONTACT BILLINGS
total $3,625 · related or exempt $3,625
-
11e · Other revenue, total
$1,587,991
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $974,478 · program services $974,478
-
13 · Office expenses
total $163,509 · program services $163,509
-
20 · Interest
total $1,984,474 · program services $1,984,474
-
22 · Depreciation, depletion and amortization
total $3,549,974 · program services $3,549,974
-
24a · Other expenses: PURCHASED POWER
total $22,493,463 · program services $22,493,463
-
24b · Other expenses: MAINTENANCE
total $2,811,387 · program services $2,811,387
-
24c · Other expenses: ADMINISTRATIVE EXPENSES
total $2,646,800 · program services $2,646,800
-
24d · Other expenses: OPERATIONS
total $2,629,592 · program services $2,629,592
-
24e · All other expenses
total $1,382,209 · program services $1,382,209
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $659,297 · end of year $481,186
-
2 · Savings and temporary cash investments
beginning of year $50,000 · end of year $315,403
-
4 · Accounts receivable
beginning of year $3,430,651 · end of year $3,689,601
-
8 · Inventories for sale or use
beginning of year $2,516,894 · end of year $2,003,036
-
9 · Prepaid expenses and deferred charges
beginning of year $109,831 · end of year $141,091
-
10a · Land, buildings and equipment: cost or other basis
$130,745,393
-
10b · Land, buildings and equipment: accumulated depreciation
$53,359,475
-
10c · Land, buildings and equipment, net
beginning of year $73,007,902 · end of year $77,385,918
-
12 · Investments: other securities
beginning of year $21,193,342 · end of year $22,563,253
-
15 · Other assets
beginning of year $592,954 · end of year $519,685
-
17 · Accounts payable and accrued expenses
beginning of year $3,614,198 · end of year $3,755,739
-
23 · Secured mortgages and notes payable
beginning of year $38,344,641 · end of year $41,930,652
-
25 · Other liabilities
beginning of year $4,939,647 · end of year $4,906,806
-
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 $54,662,385 · end of year $56,505,976
Mission and programs · 2024
Mission
EIEC'S MISSION IS PROVIDING OUR MEMBERS WITH SAFE, RELIABLE ENERGY SOLUTIONS AND EXCEPTIONAL SERVICE.
Activities or mission (Part I)
SALE AND DISTRIBUTION OF ELECTRICITY TO RURAL MEMBERS.
-
DISTRIBUTION OF ELECTRIC ENERGY TO COOPERATIVE MEMBERS.
Expenses $38,635,886 · Revenue $40,480,157
As filed on the 2024 return.
Listed in Part VII
-
Kevin MooreKEVIN MOORE
CHAIRMAN
- Total calculated
- $9,816
- From this org
- $9,816
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.59
-
Bruce RistowBRUCE RISTOW
VICE CHAIRMAN
- Total calculated
- $10,516
- From this org
- $10,516
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.04
-
Bradley LudwigBRADLEY LUDWIG
DIRECTOR
- Total calculated
- $9,466
- From this org
- $9,466
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.57
-
Steve MeenenSTEVE MEENEN
SECRETARY/TREASURER
- Total calculated
- $10,866
- From this org
- $10,866
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.14
-
Stephen GordonSTEPHEN GORDON
DIRECTOR
- Total calculated
- $13,316
- From this org
- $13,316
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.14
-
Chad LarimoreCHAD LARIMORE
ASST SECRETARY/TREASURER
- Total calculated
- $9,466
- From this org
- $9,466
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.53
-
Lauri QuickLAURI QUICK
DIRECTOR
- Total calculated
- $12,966
- From this org
- $12,966
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.58
-
Tyler FineganTYLER FINEGAN
DIRECTOR
- Total calculated
- $11,916
- From this org
- $11,916
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.27
-
Mark SlagelMARK SLAGEL
DIRECTOR
- Total calculated
- $9,466
- From this org
- $9,466
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.26
-
Robert HunzingerROBERT HUNZINGER
CEO/PRESIDENT
- Total calculated
- $398,466
- From this org
- $353,466
- From related orgs
- $0
- Other
- $45,000
- Hours/week
- 52
Schedule J breakdown matched by us
- Base
- $340,284
- Bonus
- $0
- Other
- $13,182
- Deferred
- $45,000
- Nontaxable benefits
- $0
- Filer's total
- $398,466
-
Michael WilsonMICHAEL WILSON
VICE PRESIDENT OF MEMBER & COMMUNITY RELATIONS
- Total calculated
- $190,830
- From this org
- $149,315
- From related orgs
- $0
- Other
- $41,515
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $148,587
- Bonus
- $0
- Other
- $728
- Deferred
- $23,503
- Nontaxable benefits
- $18,012
- Filer's total
- $190,830
-
Shana BatteSHANA BATTE
CHIEF FINANCIAL OFFICER
- Total calculated
- $177,340
- From this org
- $137,884
- From related orgs
- $0
- Other
- $39,456
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,449
- Bonus
- $0
- Other
- $435
- Deferred
- $21,828
- Nontaxable benefits
- $17,628
- Filer's total
- $177,340
-
Bradley SmithBRADLEY SMITH
VICE PRESIDENT OF OPERATIONS & ENGINEERING
- Total calculated
- $210,925
- From this org
- $167,600
- From related orgs
- $0
- Other
- $43,325
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $167,082
- Bonus
- $0
- Other
- $518
- Deferred
- $25,313
- Nontaxable benefits
- $18,012
- Filer's total
- $210,925
-
Joseph GadyJOSEPH GADY
JOURNEYMAN LINEMAN
- Total calculated
- $159,768
- From this org
- $144,483
- From related orgs
- $0
- Other
- $15,285
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $144,391
- Bonus
- $0
- Other
- $92
- Deferred
- $15,285
- Nontaxable benefits
- $0
- Filer's total
- $159,768
-
Jonah CarneyJONAH CARNEY
JOURNEYMAN LINEMAN
- Total calculated
- $171,625
- From this org
- $141,853
- From related orgs
- $0
- Other
- $29,772
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $141,732
- Bonus
- $0
- Other
- $121
- Deferred
- $16,332
- Nontaxable benefits
- $13,440
- Filer's total
- $171,625
-
Scott McTaggartSCOTT MCTAGGART
SERVICEMAN
- Total calculated
- $172,902
- From this org
- $138,602
- From related orgs
- $0
- Other
- $34,300
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $138,292
- Bonus
- $0
- Other
- $310
- Deferred
- $16,672
- Nontaxable benefits
- $17,628
- Filer's total
- $172,902
-
Scott LaneSCOTT LANE
SERVICEMAN
- Total calculated
- $176,625
- From this org
- $135,821
- From related orgs
- $0
- Other
- $40,804
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $135,511
- Bonus
- $0
- Other
- $310
- Deferred
- $16,672
- Nontaxable benefits
- $24,132
- Filer's total
- $176,625
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 committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 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.
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 partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
EASTERN ILLINI BENEFITS GROUP
INVESTMENT · INSURANCE · IL · 62.5% owned · share of income -$94
Directly controlled by EASTERN ILLINI SERVICES CORPORATION
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
EASTERN ILLINI SERVICES CORPORATION INC
C · UTILITY SERVICES · IL · 100% owned · share of income $7,765
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501349349301325
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