2024-09-20T15:27:46-04:00 2023-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2023-01-01 480124045 Ark Valley Electric Cooperative ARKV PO Box 1246 Hutchinson KS 675041246 Jackie Holmberg General Manager 6206626661 2024-09-20 true true George Lynch P00187596 9138311150 2024-09-20 2023 2024-08-08 14:25:15Z Jackie Holmberg 14366383 false X www.arkvalley.com X 1939 KS The Ark Valley Electric Cooperative Association, Inc., is dedicated to providing safe, reliable, high quality electric energy to its members at the lowest cost, while striving to improve the quality of life for all its members and adhering to cooperative principles. 7 7 15 0 0 105146 15444928 14004438 103411 227272 22389 29527 15570728 14366383 0 1965668 1690958 1464710 1596682 0 0 12140350 10973597 15570728 14261237 105146 45574215 45246819 22567890 21780600 23006325 23466219 The Ark Valley Electric Cooperative Association, Inc., is dedicated to providing safe, reliable, high quality electric energy to its members at the lowest cost, while striving to improve the quality of life for all its members and adhering to cooperative principles. false false Ark Valley Electric Cooperative distributes electricity to 5,245 rural members. It operates 2,014 miles of overhead line and 49 miles of underground distribution lines. The Cooperative is a voluntary organization open to all who are able to use its services. It is controlled by members with one vote per member. The margins beyond those necessary to pay expenses are credited back to the members through capital allocations. false false false false false false false false false true false true false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 73 0 true 15 true false false false false false 14385386 434681 false false false X 7 7 false false false false true true false true true false false false true true true true true true true false X Jackie Holmberg 6206626661 PO Box 1246 Hutchinson KS 675041246 Jackie Holmberg General Manager 46.00 0.00 X 160355 0 105934 Jim Sherry Director of Operations 50.00 0.00 X 155244 0 106664 Justin Tankersley Line Foreman 42.00 0.00 X 123678 0 61975 Ryan Walton Journeyman Lineman 43.00 0.00 X 119246 0 53994 Aryn Walton Journeyman Lineman 44.00 0.00 X 121279 0 50759 Garth Graham Journeyman Lineman 43.00 0.00 X 116750 0 50475 Cameron Horesky Journeyman Lineman 43.00 0.00 X 114518 0 50985 Penny Wood Office Manager 41.00 0.00 X 107792 0 57684 Judy Kinsler Secretary 3.00 0.00 X 5850 0 0 Doug Barr Director 3.00 0.00 X 5800 0 0 Keith McNickle President 4.00 0.00 X 5700 0 0 Jaime Howard Director 2.00 0.00 X 5600 0 0 Larry Froese Treasurer 3.00 0.00 X 5600 0 0 Joseph Seiwert Director 2.00 0.00 X 5150 0 0 Steve Schweizer Vice President 3.00 0.00 X 4650 0 0 Daniel Schnurr Director 2.00 0.00 X 1000 0 0 1058212 0 538470 9 false true false Royer Brothers Tree Service LLC 2401 S Lorraine St Hutchinson KS 67501 Line Clearing 514546 Appel Company 912 E 27th Ave Hutchinson KS 67502 UR ELectric Instal 102457 2 105146 105146 Sale of Electricity 221000 13835213 13835213 Capital Credits 221000 141017 141017 Miscellaneous 221000 28208 28208 14004438 227272 227272 23600 23600 23600 23600 Non-Operating 900099 5927 5927 5927 14366383 14010365 0 250872 X 1690958 733023 863659 679084 1332803 Cost of Power 6947164 6947164 Distribution Expense 1632276 1632276 Admin & General 97632 97632 Member Services 282839 282839 1799 14261237 0 0 0 2147361 2954445 2100000 800000 1593434 1383508 942857 1029247 179803 160479 47023955 13467177 33365493 33556778 5245267 5362362 45574215 45246819 2891117 2788336 60843 96617 19615930 18895647 22567890 21780600 X 23006325 23466219 23006325 23466219 45574215 45246819 X 105146 354748 X false true X true false 229703 229703 1648439 539403 1109036 45145813 12927774 32218039 33556778 Investment in Associated Organizati 4971368 C Subordinated Certificates 390994 C 5362362 X 14261237 14261237 105146 105146 14366383 12570279 12570279 1690958 1690958 14261237 Other revenues included on Form 990 (Part XI, line 4b) FEMA Grant $105,146 Other expenses included on Form 990 (Part XII, line 4b) Margins Assigned to Members $1,690,958 Footnote for uncertain tax position under FIN 48 (Part X) An evaluation of whether or not it has any uncertain tax positions isdetermined on an annual basis by the Association. While the Associationbelieves it has adequately provided for all tax positions, amounts assertedby taxing authorities could be different than the positions taken by the Association. Association recognizes any interest and penalties assessed by taxing authorities in income tax expense and, with few exceptions, isno longer subject to federal,state or local income tax examination by taxingauthorities for years before 2020. X true true X X false false false Jackie Holmberg General Manager 160355 81604 24330 266289 Jim Sherry Director of Operations 155244 82394 24270 261908 Justin Tankersley Line Foreman 123678 38128 23847 185653 Aryn Walton Journeyman Lineman 121279 27032 23727 172038 Ryan Walton Journeyman Lineman 119246 30267 23727 173240 Cameron Horesky Journeyman Lineman 114518 27258 23727 165503 Penny Wood Office Manager 107792 42122 15562 165476 Garth Graham Journeyman Lineman 116750 26748 23727 167225 Members or stockholder classes and rights Part VI line 6 Ark Valley Electric Cooperative is a member owned Cooperative. Member election for additional members Part VI line 7a Each Member of the Cooperative is entitled to vote in the election of the Board of Trustees. Form 990 governing body review Part VI line 11 Management reviews the annual filing of the Form 990. Conflict of interest policy compliance Part VI line 12c Annual and periodic reviews of the policy are made by the Board and Management. CEO executive director top management comp Part VI line 15a The Board of Trustees annually review the General Managers Performance and uses comparative salary information. The main criteria in setting management salaries is to look at what their peers get at other Cooperatives. The method is to separate pay from performance evaluations. Good performance is the minimum requirement for the job, and the Cooperative doesnt pay any more than they have to pay, as measured by what others pay for the same talent. It is also important that any supervisor should be compensated more than those he/she supervises and that can be a big factor where the Cooperative has high union-negotiated compensation. Other officer or key employee compensation Part VI line 15b All other employees are hourly union employees. Their pay rates are negotiated and contracted with IBEW. The Cooperative uses a labor attorney for negotiations. Governing documents etc available to public Part VI line 19 Bylaws are offered to all new members; all other documents are available at any time upon request. Explanation of other changes in net assets or fund balances Part XI line 9 Form 990, Part XI, Line 9 - Other Changes in Net Assets ExplanationCapital Credit Gain $ 143,236Margins Assigned to Members $ 1,690,958FEMA Grant Received $ -105,146Retirement of Capital Credits $-1,374,300 Total 354,748 Part IX response or note to any line in Part IX Form 990, Part IX, Line 4The instructions to the 2023 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words patronage dividends paid in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2023.