Rock County Electric Cooperative Association
- Assets
- $129.6m
- Revenue
- $64.9m
- Investments
- $612.5k
- Employees
- 57
- Location
- Janesville, WI
- Founding
- 03/1938
- Data as of
- 12/2023
- EIN
- 39-0574424
Organization Overview
Rock County Electric Cooperative Association is located in Janesville, WI. The organization was established in 1938. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Rock County Electric Cooperative Association employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rock County Electric Cooperative Association is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2023, Rock County Electric Cooperative Association generated $64.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $64.9m during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTION OF ELECTRIC AND NATURAL GAS ENERGY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF ELECTRIC AND NATURAL GAS SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald F Richards Director | OfficerTrustee | 7 | $15,075 |
Marian A Trescher Secretary | OfficerTrustee | 10 | $10,650 |
William E Fischer Director | Trustee | 5 | $10,850 |
Todd Thompson Director | Trustee | 7 | $14,000 |
Clark A Schoonover Chairman | OfficerTrustee | 8 | $12,525 |
Wendell A Boyer Director | Trustee | 5 | $9,975 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J&r Underground Llc Trenchingboring | 12/30/23 | $1,615,182 |
Asplundh Tree Trimming | 12/30/23 | $1,575,182 |
Mp Systems Electric Line Work | 12/30/23 | $1,374,503 |
Vangaurd Utility Partners Locating | 12/30/23 | $599,703 |
Corporate Contractors Inc Building Improvements | 12/30/23 | $164,710 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $63,678,282 |
| Investment income | $977,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $181,782 |
| Net Gain/Loss on Asset Sales | $97,377 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $438 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,935,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,940,623 |
| Compensation of current officers, directors, key employees. | $742,976 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,249,481 |
| Pension plan accruals and contributions | $589,543 |
| Other employee benefits | $657,739 |
| Payroll taxes | $381,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,118 |
| Fees for services: Accounting | $24,433 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $72,807 |
| Office expenses | $304,756 |
| Information technology | $262,429 |
| Royalties | $0 |
| Occupancy | $118,516 |
| Travel | $50,793 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110,051 |
| Interest | $2,650,737 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,447,483 |
| Insurance | $148,755 |
| All other expenses | $4,895,636 |
| Total functional expenses | $64,935,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,979 |
| Savings and temporary cash investments | $1,651,594 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,180,929 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,109,298 |
| Prepaid expenses and deferred charges | $514,584 |
| Net Land, buildings, and equipment | $110,422,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $612,477 |
| Investments—program-related | $8,202,470 |
| Intangible assets | $0 |
| Other assets | $1,591,590 |
| Total assets | $129,557,721 |
| Accounts payable and accrued expenses | $10,853,320 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $58,375,127 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,354,935 |
| Total liabilities | $74,583,382 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $53,225,188 |
| Retained earnings, endowment, accumulated income, or other funds | $1,749,151 |
| Total liabilities and net assets/fund balances | $129,557,721 |