Atchison-Holt Electric Cooperative

Not tax-deductible

Rock Port, MOMutual-benefit / member-servingSince 1938EIN 44-0156103

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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.

$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $273K a year · 3% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$23.0M
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.7M
+2% vs prior year
Spent
$11.0M
To programs
0%
Net assets
$13.5M
By yearFY2020–FY2024
Revenue
$11.7M
FY2024▲ +2%
Revenue by fiscal year
FY2020$9.6M
FY2021$10.5M
FY2022$10.8M
FY2023$11.4M
FY2024$11.7M
Expenses
$11.0M
FY2024▲ +3%
Expenses by fiscal year
FY2020$9.6M
FY2021$10.5M
FY2022$10.8M
FY2023$10.7M
FY2024$11.0M
Net assets
$13.5M
FY2024▲ +3%
Net assets by fiscal year
FY2020$10.9M
FY2021$12.4M
FY2022$12.7M
FY2023$13.2M
FY2024$13.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1939.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

17 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
General Managerceo
$236,034Pt VII · Sec A
$139,447Pt VII · Sec A
Line Superintendent
$125,236Pt VII · Sec A
$115,563Pt VII · Sec A
Journeyman Lineman
$113,888Pt VII · Sec A
$112,849Pt VII · Sec A
Journeyman Lineman
$110,803Pt VII · Sec A
Journeyman Lineman
$104,557Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kevin P Dechant$236,034$220,099$205,076$191,157$178,622
Kevin R Clark$139,447$134,040$128,228$120,467$112,526
Michael L Daugherty$125,236$123,829$117,714$113,221$103,382
Brock E Davis$115,563$110,816$108,226$110,009$102,965
Garrett R Schomburg$113,888————
Joey R Bradley$112,849$107,708$105,657$104,563—
Galen R Hunter$110,803$105,565$103,768$103,039—
Brogan S Lair$104,557————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supplies reliable, affordable electricity to members while improving their quality of life.

Provided by the organization

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1 program · in their own filed words · FY2024
01

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.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$11.7M
Ln 12
Fees for servicesLn 2g$10.6M
Gifts and grantsLn 1h$658K
Investment incomeLn 3$340K
Money outPt IX
$11.0M
Ln 25
Owns and owesPt X
$13.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$36.6M
LiabilitiesLn 26$23.0M
PeoplePt VI, VII
17
listed · VII A
PaidVII A17
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$658K
Government grantsLn 1e$658K
Fees for servicesLn 2g$10.6M
Investment incomeLn 3$340K
Other incomeLn 4–11$39K
Gains on assetsLn 7$39K
Total revenueLn 12$11.7M
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$11.2M
Land, buildings, equipmentLn 10c$23.1M
Total assetsLn 16$36.6M
LiabilitiesLn 26$23.0M
Net assetsLn 32$13.5M
OperationsPt I, VI
EmployeesI 516
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$941K$1.1M
InvestmentsLn 11–13$10.8M$11.2M
Land, buildings, equipmentLn 10c$23.1M$23.1M
Total assetsLn 16$35.9M$36.6M
LiabilitiesLn 26$22.7M$23.0M
Net assetsLn 32$13.2M$13.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$1.2M
Pay of current officers, directors and key staffLn 5$875K
Other salaries and wagesLn 7$739K
InterestLn 20$519K
Depreciation, depletion and amortizationLn 22$866K
Other expenses (24a–d)Ln 24$6.8M$6.8M
Total functional expensesLn 25$11.0M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $11.7M$11.0M$658K$13.5M 990 PDF
FY2023 $11.4M$10.7M$707K$13.2M 990 PDF
FY2022 $10.8M$10.8M$0$12.7M 990 PDF
FY2021 $10.5M$10.5M$0$12.4M 990 PDF
FY2020 $9.6M$9.6M$0$10.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $11,679,523 across 8 lines filed
VIII-1e Government grants$657,858
VIII-1h Total contributions, gifts and grants$657,858
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,642,632$10,642,632
VIII-3 Investment incomeExcluded from tax $300,185$300,185
VIII-7 Net gain or loss on sales of assetsExcluded from tax $39,435$39,435
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $39,413$39,413
VIII-12 Total revenueRelated to mission $10,682,045 · Unrelated business $0 · Excluded from tax $339,620$11,679,523
Part IX · Statement of functional expenses $11,021,665 across 6 lines filed
IX-4 Benefits paid to or for members$1,224,593
IX-5 Pay of current officers, directors and key staff$875,227
IX-7 Other salaries and wages$738,795
IX-20 Interest$519,092
IX-22 Depreciation, depletion and amortization$865,540
IX-24 Other expenses (24a–d)Programs $6,798,418$6,798,418
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$11,021,665
Part X · Balance sheet $36,567,075 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $940,646$1,120,730
X-4 Accounts receivableStart of year $760,465$854,956
X-8 Inventories for sale or useStart of year $250,089$179,747
X-9 Prepaid expenses and deferred chargesStart of year $58,746$54,623
X-10c Land, buildings and equipment, netStart of year $23,093,830$23,142,602
X-13 Program-related investmentsStart of year $10,762,365$11,214,417
X-16 Total assetsStart of year $35,866,141$36,567,075
X-17 Accounts payable and accrued expensesStart of year $979,099$645,958
X-19 Deferred revenueStart of year $4,771,579$5,228,078
X-25 Other liabilitiesStart of year $97,949$117,171
X-26 Total liabilitiesStart of year $22,703,655$23,036,879
X-32 Total net assets or fund balancesStart of year $13,162,486$13,530,196
X-33 Total liabilities and net assetsStart of year $35,866,141$36,567,075
Part XI · Reconciliation of net assets $13,530,196 net assets at year end
XI-1 Total revenue$11,679,523
XI-2 Total expenses$11,021,665
XI-3 Revenue less expenses$657,858
XI-4 Net assets at start of year$13,162,486
XI-9 Other changes in net assets−$290,148
XI-10 Net assets at end of year$13,530,196

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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