Cuivre River Electric Cooperative Incorporated
- Assets
- $354.6m
- Revenue
- $137.3m
- Investments
- $0.0
- Employees
- 148
- Location
- Troy, MO
- Founding
- 02/1943
- Data as of
- 12/2022
- EIN
- 43-0233223
Organization Overview
Cuivre River Electric Cooperative Incorporated is located in Troy, MO. The organization was established in 1943. 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 12/2022, Cuivre River Electric Cooperative Incorporated employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cuivre River Electric Cooperative Incorporated 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 12/2022, Cuivre River Electric Cooperative Incorporated generated $137.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $134.4m during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTE ELECTRICITY TO MEMBER CONSUMERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CUIVRE RIVER ELECTRIC IS AN ELECTRIC DISTRIBUTION COOPERATIVE THAT PROVIDES ELECTRIC SERVICE TO 61,846 MEMBER OWNERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas S Tracy President & CEO | Officer | 50 | $431,470 |
Keith Stone VP Economic Development | Officer | 48 | $182,279 |
Bryon Stilley VP Engineering & Operations | Officer | 40 | $197,075 |
Christopher Ryan VP Member Engagement | Officer | 42 | $151,965 |
Marvin Peasel Operations Manager | 40 | $134,651 | |
Stanley Winkle System Engineer | 40 | $146,408 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asplundh Tree Expert Co Tree Trimming | 12/30/22 | $1,456,580 |
Toms Tree Service Tree Trimming | 12/30/22 | $4,064,208 |
Meridian Cooperative Inc Software Maintenance | 12/30/22 | $1,314,805 |
Altitude Energy Llc Contract Labor | 12/30/22 | $1,116,924 |
Warner Communications Corp Radio System | 12/30/22 | $601,789 |
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 | $136,623,824 |
| Investment income | $150,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $378,900 |
| Net Gain/Loss on Asset Sales | $179,504 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,896 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,337,346 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,836 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $7,189,023 |
| Compensation of current officers, directors, key employees. | $1,869,043 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,201,909 |
| Pension plan accruals and contributions | $2,390,812 |
| Other employee benefits | $2,175,059 |
| Payroll taxes | $937,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,397 |
| Fees for services: Accounting | $41,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $166,758 |
| Advertising and promotion | $753,128 |
| Office expenses | $803,316 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $192,238 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $131,251 |
| Interest | $5,794,870 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,885,805 |
| Insurance | $378 |
| All other expenses | $1,407,331 |
| Total functional expenses | $134,435,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,065,564 |
| Savings and temporary cash investments | $6,208,643 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,242,669 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $186,633 |
| Inventories for sale or use | $10,324,878 |
| Prepaid expenses and deferred charges | $1,272,857 |
| Net Land, buildings, and equipment | $232,523,104 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $79,807,699 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $354,632,047 |
| Accounts payable and accrued expenses | $17,064,857 |
| Grants payable | $0 |
| Deferred revenue | $9,658,887 |
| 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 | $173,584,694 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,134,623 |
| Total liabilities | $205,443,061 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $149,188,986 |
| Total liabilities and net assets/fund balances | $354,632,047 |