Ckenergy Electric Cooperative Inc
- Assets
- $211.6m
- Revenue
- $79.6m
- Investments
- $0.0
- Employees
- 109
- Location
- Binger, OK
- Founding
- Data as of
- 12/2021
- EIN
- 47-4815587
Organization Overview
Ckenergy Electric Cooperative Inc is located in Binger, OK. As of 12/2021, Ckenergy Electric Cooperative Inc employed 109 individuals. Ckenergy Electric Cooperative Inc 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 12/2021, Ckenergy Electric Cooperative Inc generated $79.6m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $79.6m during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 26,406 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clint Pack CEO | Officer | 60 | $312,558 |
James Hedrick Director Of Operations | Officer | 50 | $167,032 |
William B Lee VP Strategic Planning | Officer | 45 | $155,775 |
Debra Toho CFO | Officer | 45 | $145,500 |
Wisper Howell Dir Of Consumer Acct/asst. Secretary | Officer | 45 | $144,340 |
Lance Goucher Construction Foreman | 40 | $137,780 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Victory Electric Coop Association Mutual Aid Line Construction | 12/30/21 | $312,425 |
Blackout Power Llc Line Construction | 12/30/21 | $3,196,227 |
R&r Powerline Line Construction | 12/30/21 | $711,287 |
B&h Construction Llc Drilling/loop Install | 12/30/21 | $815,337 |
Quality Powerline Llc Line Construction | 12/30/21 | $449,575 |
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 | $79,197,354 |
| Investment income | $109,776 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,681 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $113,758 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $113,960 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,566,224 |
| 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 | $5,544,422 |
| Compensation of current officers, directors, key employees. | $1,807,065 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,726,740 |
| Pension plan accruals and contributions | $1,102,331 |
| Other employee benefits | $1,947,791 |
| Payroll taxes | $507,709 |
| 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 | $3,678,331 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,934,780 |
| Insurance | $0 |
| All other expenses | $1,851,147 |
| Total functional expenses | $79,566,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,261,485 |
| Savings and temporary cash investments | $6,993,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,747,359 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $265,129 |
| Inventories for sale or use | $1,589,170 |
| Prepaid expenses and deferred charges | $862,751 |
| Net Land, buildings, and equipment | $148,743,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $29,488,096 |
| Intangible assets | $0 |
| Other assets | $3,622,697 |
| Total assets | $211,573,649 |
| Accounts payable and accrued expenses | $7,978,205 |
| 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 | $126,610,543 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,051,535 |
| Total liabilities | $144,640,283 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $77,730 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $66,855,636 |
| Total liabilities and net assets/fund balances | $211,573,649 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ckenergy Electric Cooperative Inc has recieved totaling $32,832.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: INTEGRITY FUND - TERRITORY THREAT | $32,832 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integris Baptist Medical Center Inc Oklahoma City, OK | $2,058,378,701 | $1,074,971,636 |
Western Governors University Salt Lake City, UT | $621,679,021 | $1,020,118,520 |
Scott & White Clinic Dallas, TX | $177,643,392 | $977,412,932 |
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Driscoll Childrens Health Plan Corpus Christi, TX | $460,782,364 | $1,055,125,455 |
Baptist Health Little Rock, AR | $1,838,433,342 | $1,059,132,631 |
Woodmen Of The World Life Insurance Society Omaha, NE | $11,463,649,522 | $1,020,619,814 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Ssm Health Care Corporation St Louis, MO | $4,485,127,106 | $1,033,534,741 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |