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Nonprofiteer
← ROLLING HILLS ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by ROLLING HILLS ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$31,758,490
Total expenses
$31,758,490
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$31,354,730
Investment income
$358,746
Other revenue
$45,014
Total assets, end of year
$93,057,335
Total liabilities, end of year
$59,868,466
Net assets or fund balances, end of year
$33,188,869
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 $30,984,926 · related or exempt $30,984,926

  • 2b · Program service revenue: CAPITAL CREDITS

    total $369,804 · related or exempt $369,804

  • 3 · Investment income

    total $47,989 · excluded $47,989

  • 7a · Gross sales of assets other than inventory

    other assets $310,757

  • 7c · Gain or loss

    other assets $310,757

  • 7d · Net gain or loss

    total $310,757 · related or exempt $310,757

  • 11a · Other revenue: OTHER REVENUE 990-T

    total $162,305 · unrelated business $162,305

  • 11b · Other revenue: OTHER REVENUE

    total -$117,291 · related or exempt -$117,291

  • 11e · Other revenue, total

    $45,014

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,338,952

  • 5 · Compensation of officers, directors and key employees

    total $539,460

  • 7 · Other salaries and wages

    total $206,344

  • 20 · Interest

    total $2,194,075

  • 22 · Depreciation, depletion and amortization

    total $3,081,023

  • 24a · Other expenses: COST OF POWER

    total $16,295,797

  • 24b · Other expenses: DISTRIBUTION

    total $3,145,330

  • 24c · Other expenses: PROPERTY TAXES

    total $1,391,141

  • 24d · Other expenses: ADMIN & GENERAL

    total $1,005,059

  • 24e · All other expenses

    total $561,309

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,477,131 · end of year $1,552,231

  • 4 · Accounts receivable

    beginning of year $2,405,722 · end of year $2,513,650

  • 7 · Other notes and loans receivable

    beginning of year $165,455 · end of year $141,910

  • 8 · Inventories for sale or use

    beginning of year $378,151 · end of year $458,745

  • 9 · Prepaid expenses and deferred charges

    beginning of year $402,065 · end of year $179,162

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

    $116,578,943

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

    $37,744,926

  • 10c · Land, buildings and equipment, net

    beginning of year $74,083,315 · end of year $78,834,017

  • 13 · Investments: program-related

    beginning of year $9,265,478 · end of year $9,377,620

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,480,659 · end of year $3,450,050

  • 19 · Deferred revenue

    beginning of year $979,002 · end of year $993,141

  • 23 · Secured mortgages and notes payable

    beginning of year $53,268,826 · end of year $55,425,275

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

    beginning of year $19,620 · end of year $18,775

  • 31 · Retained earnings, endowment or other funds

    beginning of year $30,429,210 · end of year $33,170,094

Mission and programs · 2022

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.

Activities or mission (Part I)

TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS BY PROVIDING SAFE AND RELIABLE ENERGY SOLUTIONS.

  • ROLLING HILLS ELECTRIC COOPERATIVE IS A MEMBER-OWNED ELECTRIC COOPERATIVE PROVIDING 6,580 MEMBERS SERVICE TO 11,350 METERS IN PARTS OF 16 NORTHERN AND NORTH CENTRAL KANSAS COUNTIES. ITS NEARLY 40 EMPLOYEES MAINTAIN AND OPERATE APPOXIMATELY 6,400 MILES OF LINE. ROLLING HILLS IS GOVERNED BY A VOLUNTEER BOARD OF TRUSTEES THAT IS ELECTED BY FELLOW MEMBERS OF THE COOPERATIVE. ROLLING HILLS HAS 10 TRUSTEES IN THE COOPERATIVE WHO HAVE BEEN ASKED TO DEDICATE THEIR TIME AND ENERGY TO THE DIRECTION OF THE COOPERATIVE. TRUSTEES BRING A VARIETY OF SKILLS AND EXPERIENCES TO THE BOARD ROOM. EDUCATION IS A CORE TENET OF THE COOPERATIVE BUSINESS MODEL AND ON-GOING DIRECTOR EDUCATION IS ENCOURAGED TO FURTHER ENHANCE UTILITY KNOWLEDGE AND BOARD SKILLS. TRUSTEES DO RECEIVE COMPENSATION FOR THEIR MONTHLY BOARD MEETINGS AT THE LOCAL LEVEL. ROLLING HILLS MEETS DURING TIMES THAT COULD BE PRODUCTIVE FOR EMPLOYED OR SELF-EMPLOYED INDIVIDUALS, TRUSTEE COMPENSATION, OFTEN REFERRED TO AS PER-DIEM, IS PAID FOR THE DAY OF THE MEETING. TRUSTEES ARE NOT ADDITIONALLY COMPENSATED FOR THE EXTENSIVE WORK IN ADVANCE OF A BOARD MEETING TO STUDY MATERIALS AND BE AN EFFECTIVE REPRESENTATIVE OF THE MEMBERSHIP. TRUSTEES WILL ALSO RECEIVE PER-DIEM TO FULFILL EDUCATIONAL EXPECTATIONS AND FOR OTHER IMPORTANT INDUSTRY MEETINGS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Douglas Jackson

    GENERAL MANA

    Total calculated
    $315,225
    From this org
    $188,867
    From related orgs
    $0
    Other
    $126,358
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,867
    Bonus
    not reported
    Other
    not reported
    Deferred
    $106,255
    Nontaxable benefits
    $20,103
    Filer's total
    $315,225

  • Marc Martin

    OPERATIONS M

    Total calculated
    $206,344
    From this org
    $115,075
    From related orgs
    $0
    Other
    $91,269
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,075
    Bonus
    not reported
    Other
    not reported
    Deferred
    $64,038
    Nontaxable benefits
    $27,231
    Filer's total
    $206,344

  • Angie Behymer

    ACCOUNTANT

    Total calculated
    $125,626
    From this org
    $83,012
    From related orgs
    $0
    Other
    $42,614
    Hours/week
    40

  • Paul Wilson

    TRUSTEE

    Total calculated
    $16,248
    From this org
    $16,248
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • John George

    TRUSTEE

    Total calculated
    $13,960
    From this org
    $13,960
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Eric Andersen

    TRUSTEE

    Total calculated
    $11,681
    From this org
    $11,681
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Michelle Brokes

    TRUSTEE

    Total calculated
    $11,160
    From this org
    $11,160
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Corey Diabal

    TRUSTEE

    Total calculated
    $8,235
    From this org
    $8,235
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Justin Trost

    TRUSTEE

    Total calculated
    $8,235
    From this org
    $8,235
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Dave Dubbert

    TRUSTEE

    Total calculated
    $8,160
    From this org
    $8,160
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Mike Brzon

    TRUSTEE

    Total calculated
    $7,760
    From this org
    $7,760
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Tom Marr

    TRUSTEE

    Total calculated
    $7,635
    From this org
    $7,635
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Sarah Goss

    TRUSTEE

    Total calculated
    $5,535
    From this org
    $5,535
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jason M Rabe

    CEO/GENERAL

    Total calculated
    $0
    Hours/week
    0

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
2022
Filed
31 August 2023
IRS schema version
2022v5.0
Source object
202312439349301711

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