4 Rivers Electric Cooperative Inc
- Assets
- $81.7m
- Revenue
- $28.6m
- Investments
- $1.3m
- Employees
- 51
- Location
- Lebo, KS
- Founding
- Data as of
- 12/2023
- EIN
- 83-3492758
Organization Overview
4 Rivers Electric Cooperative Inc is located in Lebo, KS. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, 4 Rivers Electric Cooperative Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 4 Rivers 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 12/2023, 4 Rivers Electric Cooperative Inc generated $28.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $28.6m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 4 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
TO PROVIDE ELECTRICITY SERVICE TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
4 RIVERS ELECTRIC COOPERATIVE IS A RURAL ELECTRIC COOPERATIVE DELIVERING ELECTRICITY TO 12,638 METERS IN EAST, CENTRAL KANSAS. THE GOAL IS TO PROVIDE CONSISTENT, RELIABLE ELECTRIC SERVICE TO OUR MEMBERS AT A REASONABLE COST, CONSISTENT WITH MAINTAINING SOUND BUSINESS PRACTICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Springer President/trustee | OfficerTrustee | 1.1 | $2,800 |
Robert Converse Vice President/trustee | OfficerTrustee | 0.9 | $3,500 |
A Eugene Huston Secretary/trustee | OfficerTrustee | 0.9 | $3,900 |
Larry Felts Treasurer/president | OfficerTrustee | 2.5 | $5,300 |
Tom Ayers Trustee | Trustee | 1.1 | $4,700 |
David Kunkel Trustee | Trustee | 1.2 | $4,100 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Poor Boy Tree Service Inc Tree Cutting And Spraying | 12/30/23 | $832,412 |
Osmose Utilities Services Inc Pole Testing And Checking | 12/30/23 | $255,297 |
Kansas Electric Cooperative Professional Services | 12/30/23 | $282,445 |
Jk Fencing Llc Tree/row Clearing | 12/30/23 | $245,336 |
Nisc Computer Software And Services | 12/30/23 | $214,725 |
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 | $28,310,396 |
| Investment income | $93,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,724 |
| Net Gain/Loss on Asset Sales | $131,842 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,577 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,576,322 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,720 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,170,074 |
| Compensation of current officers, directors, key employees. | $1,053,603 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $855,926 |
| Pension plan accruals and contributions | $92,069 |
| Other employee benefits | $71,064 |
| 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 | $251,307 |
| Advertising and promotion | $87,486 |
| Office expenses | $295,727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,124 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,437,704 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,588,180 |
| Insurance | $0 |
| All other expenses | $543,192 |
| Total functional expenses | $28,576,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,662,372 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,569,335 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $189,068 |
| Prepaid expenses and deferred charges | $253,919 |
| Net Land, buildings, and equipment | $64,821,528 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,335,519 |
| Investments—program-related | $9,719,623 |
| Intangible assets | $168,776 |
| Other assets | $5,745 |
| Total assets | $81,725,885 |
| Accounts payable and accrued expenses | $2,953,203 |
| Grants payable | $0 |
| Deferred revenue | $307,987 |
| 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 | $36,606,588 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $613,574 |
| Total liabilities | $40,481,352 |
| 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 | $41,244,533 |
| Total liabilities and net assets/fund balances | $81,725,885 |