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Spoon River Electric Co Operative Incorporated

Organization summary

Type of Nonprofit

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

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$12.3M (2023)

Expenses
$11.5M (2023)

Total Assets
$37.3M (2023)

Total Liabilities
$18.5M (2023)

Years with missing data
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
$12,292,423
Expenses
$11,494,122
Net Income
$798,301
Net Assets
$18,869,302
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,232,906
99.5%
Investment Income $18,178
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $41,339
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $342,944
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $37,342,598
Total Liabilities $18,473,296
Net Assets $18,869,302
Club or Co-Op Income
Income From Members $11,971,469
Income From Other Sources $322,172
Compensation
Key Employees and Officers Compensation Related Other
Joshua De Wees (Ceo) $137,814 $0 $68,771
Louis Gray (Lineman) $133,736 $0 $4,969
Paul Moffitt (Jny Lineman) $132,311 $0 $53,236
Mark Procarione (Operations Mgr) $126,551 $0 $37,522
William Sego (Line Foreman) $116,329 $0 $49,363
Tyler Fulton (Jny Lineman) $106,813 $0 $19,654
Mary Bartley (Cfo & Office Manager) $69,027 $0 $29,521
Bernard Marvel (President) $8,305 $0 $0
Lyle Nelson (Treasurer) $3,960 $0 $0
Joe Davis (Director) $3,702 $0 $0
Jack Clark (Secretary) $3,283 $0 $0
Kurt Duncan (Director) $3,014 $0 $0
Wesley Strode (Director) $2,618 $0 $0
John Spangler (Director) $2,421 $0 $0
Jo Dee Pedigo (Director) $2,179 $0 $0
Terry Beam (Vice President) $1,918 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,269,227
Expenses
$11,032,362
Net Income
$236,865
Net Assets
$18,070,221
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,248,691
99.8%
Investment Income $20,536
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $314,035
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $36,157,982
Total Liabilities $18,087,761
Net Assets $18,070,221
Club or Co-Op Income
Income From Members $11,077,377
Income From Other Sources $192,005
Compensation
Key Employees and Officers Compensation Related Other
Paul Moffitt (Jny Lineman) $127,813 $0 $63,984
Donald Schrodt (Jny Lineman) $127,789 $0 $82,371
Louis Gray (Lineman) $126,616 $0 $10,361
Joshua De Wees (Ceo) $125,728 $0 $67,379
Dusty Wintermote (Line Foreman) $111,998 $0 $37,226
William Sego (Line Foreman) $110,343 $0 $55,831
Mary Bartley (Cfo & Office Manager) $63,771 $0 $0
Bernard Marvel (President) $8,300 $0 $0
Lyle Nelson (Treasurer) $3,954 $0 $0
Joe Davis (Director) $3,692 $0 $0
Jack Clark (Secretary) $3,279 $0 $0
Kurt Duncan (Director) $3,004 $0 $0
Wesley Strode (Director) $2,608 $0 $0
John Spangler (Director) $2,411 $0 $0
Jo Dee Pedigo (Director) $2,169 $0 $0
Terry Beam (Vice President) $1,912 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,600,803
Expenses
$10,333,899
Net Income
$1,266,904
Net Assets
$17,832,411
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,913,150
94.1%
Investment Income $30,429
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $657,224
5.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $603,834
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $34,615,741
Total Liabilities $16,783,330
Net Assets $17,832,411
Club or Co-Op Income
Income From Members $10,653,608
Income From Other Sources $947,195
Compensation
Key Employees and Officers Compensation Related Other
William Dodds (Ceo & President) $245,084 $0 $56,096
Paul Moffitt (Jny Lineman) $139,081 $0 $67,534
Dusty Wintermote (Line Foreman) $133,179 $0 $35,620
Mark Balbinot (Manager Of Engineering) $120,881 $0 $12,834
Louis Gray (Lineman) $113,071 $0 $16,733
William Sago (Line Foreman) $106,600 $0 $44,562
Joshua De Wees (Coo) $104,492 $0 $60,024
Cody Schall (Cfo) $70,621 $0 $9,626
Mary Bartley (Cfo & Office Manager) $18,518 $0 $2,139
Bernard Marvel (President) $4,375 $0 $0
Lyle Nelson (Treasurer) $4,140 $0 $0
Terry Beam (Vice President) $3,308 $0 $0
Jack Clark (Secretary) $2,749 $0 $0
Wesley Strode (Director) $2,567 $0 $0
Kurt Duncan (Director) $2,360 $0 $0
Jo Dee Pedigo (Director) $2,321 $0 $0
John Spangler (Director) $2,246 $0 $0
Joe Davis (Director) $2,122 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,938,788
Expenses
$10,853,299
Net Income
$85,489
Net Assets
$16,508,979
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,353,281
94.6%
Investment Income $20,649
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $117,588
1.1%
Net Inventory Sales $0
Other Revenue $447,270
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $332,271
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $648,950
6.0%
Assets/Debt
Total Assets $33,263,922
Total Liabilities $16,754,943
Net Assets $16,508,979
Club or Co-Op Income
Income From Members $10,230,242
Income From Other Sources $697,853
Compensation
Key Employees and Officers Compensation Related Other
William R Dodds (President/Ceo) $180,960 $0 $54,585
Dusty Wintermote (Line Foreman) $119,246 $0 $34,517
Paul Moffitt (Journeyman Lineman) $119,000 $0 $43,163
Donald Schrodt (Journeyman Lineman) $118,980 $0 $41,863
Trent Ross (Journeyman Lineman) $106,915 $0 $41,863
Cody Schall (Cfo) $56,241 $0 $18,264
Bernard Marvel (Chairman) $3,363 $0 $4
Lyle Nelson (Treasurer) $2,783 $0 $6
Terry Beam (Vice Chairman) $2,410 $0 $6
Jack Clark (Secretary) $2,363 $0 $4
Jodee Pedigo (Director) $2,310 $0 $10
Wesley Strode (Director) $2,310 $0 $10
John Spangler (Director) $2,100 $0 $10
Robert Lascelles (Director) $1,523 $0 $7
Patrick Joe Davis (Director) $1,470 $0 $6
Kurt Duncan (Director) $840 $0 $2
James Banks (Director) $683 $0 $2

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,260,678
Expenses
$10,635,358
Net Income
$625,320
Net Assets
$16,429,568
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,718,749
95.2%
Investment Income $20,650
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $47,154
0.4%
Net Inventory Sales $0
Other Revenue $474,125
4.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $240,860
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $903,557
8.5%
Assets/Debt
Total Assets $32,503,424
Total Liabilities $16,073,856
Net Assets $16,429,568
Club or Co-Op Income
Income From Members $10,569,873
Income From Other Sources $672,521
Compensation
Key Employees and Officers Compensation Related Other
William Sego (Line Foreman) $112,299 $0 $28,830
Dusty Wintermote (Line Foreman) $110,998 $0 $31,480
Donald Schrodt (Journeyman Lineman) $109,917 $0 $38,349
Trent Ross (Journeyman Lineman) $103,586 $0 $38,349
William R Dodds (President/Ceo) $99,956 $0 $50,691
Cody Schall (Cfo) $37,011 $0 $20,332
Bernard Marvel (Chairman) $7,343 $0 $4
Lyle Nelson (Treasurer) $4,463 $0 $6
Terry Beam (Vice Chairman) $4,463 $0 $6
Wesley Strode (Director) $3,570 $0 $10
James Banks (Director) $3,413 $0 $4
Jack Clark (Secretary) $3,203 $0 $4
Jodee Pedigo (Director) $2,363 $0 $10
Robert Lascelles (Director) $2,310 $0 $10
John Spangler (Director) $1,680 $0 $10

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,096,283
Expenses
$10,864,504
Net Income
$231,779
Net Assets
$15,788,040
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,648,485
96.0%
Investment Income $21,468
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,647
0.1%
Net Inventory Sales $0
Other Revenue $419,683
3.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $213,331
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,002,579
9.2%
Assets/Debt
Total Assets $31,987,401
Total Liabilities $16,199,361
Net Assets $15,788,040
Club or Co-Op Income
Income From Members $10,510,825
Income From Other Sources $600,639
Compensation
Key Employees and Officers Compensation Related Other
Dusty Wintermote (Line Foreman) $108,967 $0 $25,534
Donald Schrodt (Journeyman Lineman) $107,793 $0 $33,472
William R Dodds (President/Ceo) $96,945 $0 $34,137
Cody Schall (Cfo) $37,262 $0 $15,624
Bernard Marvel (Chairman) $6,338 $0 $4
Lyle Nelson (Treasurer) $4,423 $0 $6
James Banks (Director) $3,238 $0 $4
Terry Beam (Vice Chairman) $3,053 $0 $6
Robert Lascelles (Director) $2,633 $0 $10
Jack Clark (Secretary) $2,608 $0 $4
Jodee Pedigo (Director) $2,398 $0 $10
Wesley Strode (Director) $2,398 $0 $10
John Spangler (Director) $2,213 $0 $10

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,000,850
Expenses
$9,778,398
Net Income
$222,452
Net Assets
$15,409,885
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,045,604
> 100%
Investment Income $57,097
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$311,981
Net Inventory Sales $0
Other Revenue $210,130
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $325,287
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $803,076
8.2%
Assets/Debt
Total Assets $31,337,680
Total Liabilities $15,927,795
Net Assets $15,409,885
Club or Co-Op Income
Income From Members $9,909,018
Income From Other Sources $339,864
Compensation
Key Employees and Officers Compensation Related Other
William R Dodds (President/Ceo) $144,672 $0 $40,374
Dusty Wintermote (Line Foreman) $124,942 $0 $22,173
Donald Schrodt (Journeyman Lineman) $117,036 $0 $30,858
Robert Power (Journeyman Lineman) $102,651 $0 $21,642
Cody Schall (Cfo) $42,809 $0 $18,289
Bernard Marvel (Chairman) $4,985 $0 $4
Jodee Pedigo (Director) $4,440 $0 $10
Terry Beam (Vice Chairman) $3,800 $0 $6
Lyle Nelson (Treasurer) $3,700 $0 $6
James Banks (Director) $3,330 $0 $4
Robert Lascelles (Director) $2,775 $0 $10
Jack Clark (Secretary) $2,590 $0 $4
John Spangler (Director) $2,220 $0 $10
Wesley Strode (Director) $1,295 $0 $5
Gregory Leigh (Director) $925 $0 $2

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,514,812
Expenses
$10,201,376
Net Income
$313,436
Net Assets
$14,272,876
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,879,094
94.0%
Investment Income $129,841
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $74,441
0.7%
Net Inventory Sales $0
Other Revenue $431,436
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $192,298
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $29,780,090
Total Liabilities $15,507,214
Net Assets $14,272,876
Club or Co-Op Income
Income From Members $9,825,101
Income From Other Sources $689,711
Compensation
Key Employees and Officers Compensation Related Other
William R Dodds (President/Ceo) $154,098 $0 $45,328
Bernard Marvel (Chairman) $7,675 $0 $0
Lyle H Nelson (Treasurer) $5,550 $0 $0
James C Banks (Director) $4,070 $0 $0
Gregory M Leigh (Director) $4,070 $0 $0
Jack L Clark (Secretary) $3,885 $0 $0
Robert D Lascelles (Asst Treasurer) $3,515 $0 $0
Steven M Pille (Director) $3,330 $0 $0
Terry A Beam (Vice Chairman) $3,145 $0 $0
John Spangler (Director) $2,960 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,281,098
Expenses
$10,916,184
Net Income
-$635,086
Net Assets
$13,550,201
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,833,109
95.6%
Investment Income $70,840
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $35,648
0.3%
Net Inventory Sales $0
Other Revenue $341,501
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $172,308
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $28,452,946
Total Liabilities $14,902,745
Net Assets $13,550,201
Club or Co-Op Income
Income From Members $9,775,653
Income From Other Sources $505,445
Compensation
Key Employees and Officers Compensation Related Other
William R Dodds (President/Ceo) $141,318 $0 $49,945
Bernard Marvel (Chairman) $5,460 $0 $0
James C Banks (Director) $4,625 $0 $0
Terry A Beam (Vice Chairman) $3,885 $0 $0
Lyle H Nelson (Treasurer) $3,700 $0 $0
Jack L Clark (Director) $3,330 $0 $0
Gregory M Leigh (Director) $3,145 $0 $0
Steven M Pille (Secretary) $2,775 $0 $0
John Spangler (Director) $2,035 $0 $0
Robert D Lascelles (Asst Treasurer) $2,035 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,243,201
Expenses
$9,736,566
Net Income
$506,635
Net Assets
$13,556,142
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,724,162
94.9%
Investment Income $21,176
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,927
0.0%
Net Inventory Sales $0
Other Revenue $494,936
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $192,914
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $27,575,860
Total Liabilities $14,019,718
Net Assets $13,556,142
Club or Co-Op Income
Income From Members $9,666,646
Income From Other Sources $573,629
Compensation
Key Employees and Officers Compensation Related Other
William R Dodds (President/Ceo) $156,894 $0 $55,790
Bernard Marvel (Chairman) $5,495 $0 $0
Terry A Beam (Vice Chairman) $4,810 $0 $0
Gregory M Leigh (Director) $4,810 $0 $0
Lyle H Nelson (Treasurer) $4,625 $0 $0
Jack L Clark (Director) $4,625 $0 $0
Steven M Pille (Secretary) $3,885 $0 $0
James C Banks (Director) $3,700 $0 $0
John Spangler (Director) $2,035 $0 $0
Robert D Lascelles (Asst Treasurer) $2,035 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,869,656
Expenses
$9,226,886
Net Income
$642,770
Net Assets
$12,593,473
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,525,780
96.5%
Investment Income $79,082
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $11,199
0.1%
Net Inventory Sales $0
Other Revenue $253,595
2.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $166,381
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $26,183,369
Total Liabilities $13,589,896
Net Assets $12,593,473
Club or Co-Op Income
Income From Members $9,463,475
Income From Other Sources $419,567

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,888,264
Expenses
$10,017,476
Net Income
-$129,212
Net Assets
$11,809,390
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,313,259
94.2%
Investment Income $157,756
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $126,707
1.3%
Net Inventory Sales $0
Other Revenue $290,542
2.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $176,711
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $25,555,297
Total Liabilities $13,745,907
Net Assets $11,809,390
Club or Co-Op Income
Income From Members $9,320,422
Income From Other Sources $579,257

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

Fiscal Year Ending Dec.
2009

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

Fiscal Year Ending Dec.
2008

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

Fiscal Year Ending Dec.
2007

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

Fiscal Year Ending Dec.
2006

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

Fiscal Year Ending Dec.
2005

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

Fiscal Year Ending Dec.
2004

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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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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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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