Atchison-Holt Electric Cooperative
- Assets
- $36.2m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 16
- Location
- Rock Port, MO
- Founding
- 02/1939
- Data as of
- 12/2022
- EIN
- 44-0156103
Organization Overview
Atchison-Holt Electric Cooperative is located in Rock Port, MO. The organization was established in 1939. 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, Atchison-Holt Electric Cooperative employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atchison-Holt Electric Cooperative 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, Atchison-Holt Electric Cooperative generated $10.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $10.8m during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 8 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
ATCHISON-HOLT ELECTRIC COOPERATIVE IS DEDICATED TO PROVIDING OUR MEMBERS WITH A RELIABLE, COMPETITIVELY PRICED, HIGH QUALITY SUPPLY OF ELECTRIC ENERGY, WHILE ADHERING TO COOPERATIVE PRINCIPLES AND STRIVING TO IMPROVE THE QUALITY OF LIFE FOR ALL MEMBERS THROUGH A HIGHLY TRAINED, EFFICIENT STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATCHISON-HOLT ELECTRIC COOPERATIVE IS A MEMBER-OWNED ELECTRIC UTILITY PROVIDING APPROXIMATELY 3,800 SERVICES TO APPROXIMATELY 2,500 MEMBERS. UTILIZING OVER 1,290 MILES OF LINE, ATCHISON-HOLT ELECTRIC COOPERATIVE SERVES ITS MEMBERS IN PARTS OF MISSOURI AND IOWA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin P Dechant General Mana | Officer | 55 | $205,076 |
Michael L Daugherty Line Superin | 40 | $117,714 | |
Kevin R Clark CFO | Officer | 55 | $128,228 |
Joey R Bradley Foreman | 42 | $105,657 | |
Brock E Davis Foreman | 42 | $108,226 | |
Tyler W Heits Journeyman L | 43 | $101,453 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iaec Health Care Health Ins | 12/30/22 | $291,152 |
Sunbelt Solomon Services Llc Transformers | 12/30/22 | $229,998 |
Rs Electric Utility Services Construction | 12/30/22 | $205,000 |
Nreca Ins & Retire | 12/30/22 | $258,492 |
Tom's Tree Service Tree Trimming | 12/30/22 | $122,383 |
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 | $10,533,860 |
| Investment income | $188,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,788,403 |
| 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 | $1,531,351 |
| Compensation of current officers, directors, key employees. | $621,305 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $822,395 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $524,946 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $822,171 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,788,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,106,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $862,557 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $233,408 |
| Prepaid expenses and deferred charges | $64,154 |
| Net Land, buildings, and equipment | $23,171,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $10,717,670 |
| Intangible assets | $0 |
| Other assets | $9,494 |
| Total assets | $36,164,975 |
| Accounts payable and accrued expenses | $1,000,407 |
| Grants payable | $0 |
| Deferred revenue | $4,732,229 |
| 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 | $17,658,447 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $82,699 |
| Total liabilities | $23,473,782 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $596,561 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $12,094,632 |
| Total liabilities and net assets/fund balances | $36,164,975 |