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Raccoon Valley Electric Cooperative

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Category: Public, Society Benefit — Multipurpose and Other / Public Utilities (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$16.5M (2023)

Expenses
$16.3M (2023)

Total Assets
$53.5M (2023)

Total Liabilities
$31.5M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,500,789
Expenses
$16,298,462
Net Income
$202,327
Net Assets
$22,037,832
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,412,189
99.5%
Investment Income $49,476
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $39,124
0.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $427,559
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,357,146
8.3%
Assets/Debt
Total Assets $53,526,848
Total Liabilities $31,489,016
Net Assets $22,037,832
Club or Co-Op Income
Income From Members $15,360,709
Income From Other Sources $733,086
Compensation
Key Employees and Officers Compensation Related Other
James Gossett (Ceo) $171,878 $0 $70,182
Jack Scanlan (Line Superintendent) $119,665 $0 $79,164
Eugene Handlos (Cfo) $114,165 $0 $44,241
Ryan Galloway (Line Foreman) $102,145 $0 $22,049
Chad Lankford (Meter Technician) $101,261 $0 $48,601
Mark Ludwig (Secretary/Treasurer) $10,296 $0 $0
Karen Werner (Asst Sec Treas.) $9,438 $0 $0
Jeff Cranston (Director) $7,436 $0 $0
Dave Schroeder (Director) $6,864 $0 $0
David Onken (President) $6,292 $0 $0
Steve Schable (Vice President) $5,720 $0 $0
Adam Handlos (Director) $2,860 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,981,957
Expenses
$16,690,827
Net Income
$291,130
Net Assets
$21,104,631
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,907,086
99.6%
Investment Income $31,764
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$11,323
Net Inventory Sales $54,573
0.3%
Other Revenue -$143
Notable Expenses Percent of Total Expenses
Executive Compensation $393,985
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,301,954
7.8%
Assets/Debt
Total Assets $47,798,291
Total Liabilities $26,693,660
Net Assets $21,104,631
Club or Co-Op Income
Income From Members $15,475,656
Income From Other Sources $542,912
Compensation
Key Employees and Officers Compensation Related Other
James Gossett (Ceo) $164,998 $0 $93,863
Jack Scanlan (Line Superintendent) $118,176 $0 $117,293
Eugene Handlos (Cfo) $108,134 $0 $52,263
Mark Ludwig (Secretary/Treasurer) $8,640 $0 $0
Jeff Cranston (Vice President) $6,750 $0 $0
David Onken (President) $5,400 $0 $0
Karen Werner (Asst Sec Treas.) $4,590 $0 $0
Steve Schable (Director) $3,780 $0 $0
Adam Handlos (Director) $2,970 $0 $0
Steve Seidl (Director Until 09/2022) $2,430 $0 $0
Dave Schroeder (Director From 09/2022) $1,890 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,635,810
Expenses
$15,506,075
Net Income
$129,735
Net Assets
$19,121,693
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,520,915
99.3%
Investment Income $35,301
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $13,222
0.1%
Net Inventory Sales $66,584
0.4%
Other Revenue -$212
Notable Expenses Percent of Total Expenses
Executive Compensation $396,073
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,241,603
8.0%
Assets/Debt
Total Assets $42,311,743
Total Liabilities $23,190,050
Net Assets $19,121,693
Club or Co-Op Income
Income From Members $15,108,107
Income From Other Sources $49,133
Compensation
Key Employees and Officers Compensation Related Other
James Gossett (Ceo) $156,373 $0 $88,581
Eugene Handlos (Cfo) $120,652 $0 $54,626
Jack Scanlan (Line Superintendent) $114,643 $0 $105,402
Mark Ludwig (Secretary/Treasurer) $8,127 $0 $0
Jeff Cranston (Vice President) $7,611 $0 $0
Karen Werner (Asst Sec Treas.) $6,837 $0 $0
Steve Schable (Director) $5,676 $0 $0
David Onken (President) $5,418 $0 $0
Mark Adams (Director Until 09/2021) $4,257 $0 $0
Steve Seidl (Director) $4,257 $0 $0
Adam Handlos (Director From 09/2021) $2,838 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,578,634
Expenses
$14,422,520
Net Income
$156,114
Net Assets
$18,312,472
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,460,685
99.2%
Investment Income $45,847
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $35,000
0.2%
Net Inventory Sales $36,959
0.3%
Other Revenue $143
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $369,260
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,178,860
8.2%
Assets/Debt
Total Assets $41,551,304
Total Liabilities $23,238,832
Net Assets $18,312,472
Club or Co-Op Income
Income From Members $13,719,642
Income From Other Sources $144,748
Compensation
Key Employees and Officers Compensation Related Other
James Gossett (Ceo) $157,184 $0 $73,037
Jack Scanlan (Line Superintendent) $105,641 $0 $77,363
Eugene Handlos (Cfo) $101,078 $0 $39,051
Mark Ludwig (Secretary/Treasurer) $7,611 $0 $0
Mark Adams (Director) $7,353 $0 $0
Jeff Cranston (Vice President) $6,579 $0 $0
Karen Werner (Asst Sec Treas.) $6,450 $0 $0
David Onken (President) $5,547 $0 $0
Dennis Kennebeck (Director Until 07/2020) $4,257 $0 $0
Steve Seidl (Director) $3,741 $0 $0
Steve Schable (Director From 08/2020) $3,612 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,428,666
Expenses
$16,233,190
Net Income
$195,476
Net Assets
$16,878,012
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,389,249
99.8%
Investment Income $24,500
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $15,229
0.1%
Other Revenue -$312
Notable Expenses Percent of Total Expenses
Executive Compensation $375,780
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,192,196
7.3%
Assets/Debt
Total Assets $40,648,743
Total Liabilities $23,770,731
Net Assets $16,878,012
Club or Co-Op Income
Income From Members $15,684,778
Income From Other Sources $43,262
Compensation
Key Employees and Officers Compensation Related Other
James Gossett (Ceo) $156,363 $0 $54,849
Eugene Handlos (Cfo) $100,680 $0 $24,918
Dennis Kennebeck (Director) $10,890 $0 $0
Mark Ludwig (Secretary/Treasurer) $8,527 $0 $8,053
Karen Werner (Asst Sec Treas.) $7,794 $0 $0
Jeff Cranston (Vice President) $7,536 $0 $0
Mark Adams (Director) $5,131 $0 $0
Steve Seidl (Director) $4,815 $0 $0
David Onken (President) $4,586 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,271,000
Expenses
$15,997,907
Net Income
$1,273,093
Net Assets
$15,665,508
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,178,423
99.5%
Investment Income $43,346
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $37,527
0.2%
Net Inventory Sales $11,704
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $348,477
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,319,455
8.2%
Assets/Debt
Total Assets $39,853,431
Total Liabilities $24,187,923
Net Assets $15,665,508
Club or Co-Op Income
Income From Members $15,683,812
Income From Other Sources $83,992
Compensation
Key Employees and Officers Compensation Related Other
James Gossett (Ceo) $143,111 $0 $46,857
Eugene Handlos (Cfo) $99,009 $0 $20,700
Mark Ludwig (Secretary/Treasurer) $9,034 $0 $5,178
Dennis Kennebeck (Director) $7,451 $0 $0
David Onken (President) $7,025 $0 $0
Karen Werner (Asst Sec Treas.) $7,013 $0 $0
Jeff Cranston (Vice President) $6,784 $0 $0
Steve Seidl (Director) $4,067 $0 $0
Mark Tigges (Director Until 08/2018) $3,586 $0 $0
Mark Adams (Director Starting 12/2018) $229 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,068,422
Expenses
$15,491,912
Net Income
$576,510
Net Assets
$13,632,707
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,013,164
99.7%
Investment Income $43,383
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,238
0.0%
Net Inventory Sales $5,637
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $383,260
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,264,576
8.2%
Assets/Debt
Total Assets $36,956,575
Total Liabilities $23,323,868
Net Assets $13,632,707
Club or Co-Op Income
Income From Members $15,459,758
Income From Other Sources $46,337
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
James Gossett (Ceo) $115,646 $0 $39,188
Eugene Handlos (Cfo) $90,316 $0 $15,850
James Bagley (Ceo Until 03/2017) $36,928 $0 $17,369
Mark Ludwig (Secretary/Treasurer) $11,764 $0 $8,736
Dennis Kennebeck (Director) $11,088 $0 $0
David Onken (President) $8,892 $0 $0
Karen Werner (Asst Sec Treas.) $8,224 $0 $0
Mark Tigges (Director) $6,889 $0 $0
Jeff Cranston (Vice President) $6,433 $0 $0
Steve Seidl (Director) $6,423 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,283,342
Expenses
$14,586,715
Net Income
$696,627
Net Assets
$12,866,319
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,238,992
99.7%
Investment Income $34,927
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$745
Net Inventory Sales $10,168
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $432,400
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,328,521
9.1%
Assets/Debt
Total Assets $35,604,182
Total Liabilities $22,737,863
Net Assets $12,866,319
Club or Co-Op Income
Income From Members $14,218,910
Income From Other Sources $69,347
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
James Bagley (Ceo) $183,018 $0 $53,792
Myron Heithoff (Director Of Finance) $105,997 $0 $112,666
Dennis Kennebeck (Director) $10,812 $0 $0
Mark Ludwig (Secretary/Treasurer) $10,388 $0 $8,322
David Onken (President) $8,268 $0 $0
Karen Werner (Asst Sec Treas.) $7,632 $0 $0
Mark Tigges (Director) $7,632 $0 $0
Steve Seidl (Director) $5,300 $0 $0
Jeff Cranston (Vice President) $4,876 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,831,547
Expenses
$13,733,549
Net Income
$97,998
Net Assets
$11,514,126
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,986,466
> 100%
Investment Income $32,160
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$188,361
Net Inventory Sales $1,282
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $419,236
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,225,030
8.9%
Assets/Debt
Total Assets $32,558,161
Total Liabilities $21,044,035
Net Assets $11,514,126
Club or Co-Op Income
Income From Members $13,681,411
Income From Other Sources $35,920
Other
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Bagley (Ceo) $173,653 $0 $49,986
Myron Heithoff (Director Of Finance) $99,028 $0 $97,791
Mark Ludwig (Secretary/Treasurer) $8,600 $0 $8,322
La Verne Greving (President Until 09/09/15) $6,000 $0 $0
Mark Tigges (Director) $6,000 $0 $0
Jeff Cranston (Assistant Sec Treas/Vice President) $5,600 $0 $0
Steve Seidl (Vice President/Director) $5,400 $0 $0
Karen Werner (Director/Assistant Sec Treas.) $4,800 $0 $0
David Onken (Director/President) $4,400 $0 $0
Dennis Kennebeck (Director From 09/09/15) $2,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,639,039
Expenses
$14,238,011
Net Income
$401,028
Net Assets
$11,254,773
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,567,019
99.5%
Investment Income $37,391
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,678
0.1%
Net Inventory Sales $26,951
0.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $411,630
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,194,294
8.4%
Assets/Debt
Total Assets $31,746,062
Total Liabilities $20,491,289
Net Assets $11,254,773
Club or Co-Op Income
Income From Members $14,322,485
Income From Other Sources $56,032
Other
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Bagley (Ceo) $168,884 $0 $20,682
Myron Heithoff (Director Of Finance) $99,705 $0 $72,370
Mark Ludwig (Secretary/Treasurer) $8,000 $0 $8,100
La Verne Greving (President) $7,400 $0 $0
Steve Seidl (Vice President) $5,400 $0 $0
David Onken (Director) $5,400 $0 $0
Jeff Cranston (Assistant Secretary/Treasurer) $5,000 $0 $0
Mark Tigges (Director) $4,400 $0 $0
Karen Werner (Director) $4,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,983,573
Expenses
$13,628,469
Net Income
$355,104
Net Assets
$10,425,839
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,934,346
99.6%
Investment Income $39,573
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $9,654
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $429,955
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,147,566
8.4%
Assets/Debt
Total Assets $34,376,745
Total Liabilities $23,950,906
Net Assets $10,425,839
Club or Co-Op Income
Income From Members $13,692,816
Income From Other Sources $42,465
Other
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Bagley (Ceo) $151,243 $0 $49,701
Myron Heithoff (Director Of Finance) $102,643 $0 $237,493
La Verne Greving (President) $7,280 $0 $0
Mark Ludwig (Secretary/Treasurer) $6,910 $0 $7,422
Mark Tigges (Director) $6,250 $0 $0
Jeff Cranston (Assistant Secretary/Treasurer) $5,910 $0 $0
Karen Werner (Director) $4,700 $0 $0
Steve Seidl (Vice President) $4,370 $0 $0
David Onken (Director) $4,130 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,989,297
Expenses
$12,463,007
Net Income
$526,290
Net Assets
$9,932,886
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,843,041
98.9%
Investment Income $32,774
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $98,224
0.8%
Net Inventory Sales $15,258
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $367,523
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,214,698
9.7%
Assets/Debt
Total Assets $28,925,664
Total Liabilities $18,992,778
Net Assets $9,932,886
Club or Co-Op Income
Income From Members $12,464,219
Income From Other Sources $34,640

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,700,526
Expenses
$12,352,029
Net Income
$348,497
Net Assets
$8,902,319
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,643,302
99.5%
Investment Income $46,671
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $20,000
0.2%
Net Inventory Sales -$9,447
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $351,803
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,192,880
9.7%
Assets/Debt
Total Assets $28,891,417
Total Liabilities $19,989,098
Net Assets $8,902,319
Club or Co-Op Income
Income From Members $12,124,393
Income From Other Sources $101,791

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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