2024-10-01T11:53:22-04:00 2023-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2023-01-01 480188605 DS&O Electric Cooperative DS&O PO Box 286 Solomon KS 67480 Timothy J Power CEO 7856552011 2024-09-25 true true George Lynch P00187596 9138311150 2024-10-01 2023 2024-10-15 13:58:12Z Timothy J Power 22300999 false X www.dsoelectric.com X 1937 KS To provide to our members safe, reliable, and affordable energy, educational programs, high quality service and other products through the provision of cooperative financial stability, hiring innovative employees and environmental stewardship. 10 10 33 0 0 132175 23453038 21995662 58797 166387 140408 6775 23652243 22300999 10000 2102355 1750515 1607241 1419645 0 0 19942647 18988664 23652243 22168824 132175 74622942 73956995 51377115 49182777 23245827 24774218 To provide to our members safe, reliable, and affordable energy, educational programs, high quality service and other products through the provision of cooperative financial stability, hiring innovative employees and environmental stewardship. false false The Cooperative serves approximately 8,400 residential and commercial meters in some thirty communities spread throughout a nine county area in Central Kansas. Its service area extends from Junction City to McPherson and from Glasco to Lost Springs. This area includes the City of Solomon and certain areas within the city limits of Junction City. The majority of residential customers continue to be found in Dickinson, Saline, and Ottawa counties. Signficant numbers are also in Geary and McPherson counties. false false false false false false false false true false true false true true false false false false false false false false false false false false true true false false false false false false false false false false false false false false true 43 0 true 33 true false false false false false 22069232 697739 false false false X 10 10 false false true false true true true true true false false true true true true true true true true false X Marla Marshall 7856552011 PO Box 286 Solomon KS 67480 Timothy J Power CEO 40.00 0.00 X 268152 0 121919 Marla Marshall CFO 42.00 0.00 X 138975 0 100168 Michael Olberding Operations Manager 42.00 0.00 X 134184 0 75578 Derrick Rutherford Member Services 44.00 0.00 X 121824 0 59251 Tracy Turner Operations Manager 40.00 0.00 X 111057 0 53857 Kiff Swisher Lineman 43.00 0.00 X 111848 0 41682 James Christopher Director 7.16 0.00 X 17100 0 0 Ken Hedberg Director 4.27 0.00 X 12300 0 0 Michael Richards Director 2.79 0.00 X 10500 0 0 Shelia Hummel Director 2.95 0.00 X 9550 0 0 David Mueller Director 2.76 0.00 X 7400 0 0 Dean Allison Director 2.12 0.00 X 7200 0 0 David Butler Director 1.91 0.00 X 6300 0 0 Ken Berry Director 1.89 0.00 X 5400 0 0 Bruce Spare Director 1.59 0.00 X 4800 0 0 Dane Clark Director 0.32 0.00 X 600 0 0 967190 0 452455 8 true true false Anixter Inc P O Box 842584 Dallas TX 75284 Materials Vendor 983221 ALTEC Industries Inc P O Box 11407 Birmingham AL 35246 Vehicles 279499 Solida Tree Service PO Box 421 Phillipsburg KS 67661 Right of Way Clear 210307 Kansas Electric Cooperative PO Box 4267 Topeka KS 66604 Membership Serv 200319 Todays Power 7300 Industry Dr North Little Rock AR 72117 Solar Rental 219520 10 132175 132175 Sale of Electricity 221000 21383493 21383493 Capital Credits 221000 355319 355319 Misc Electric Revenue 221000 256850 256850 21995662 98457 98457 67930 67930 67930 67930 Non-Operating 900099 6775 6775 6775 22300999 22070367 0 98457 X 10000 1750515 707364 712281 1954632 2129078 Cost of Power 10679386 10679386 Admin & General 1019194 1019194 Distribution Expense 1678462 1678462 Member Services 400710 400710 1127202 22168824 0 0 0 2117880 2181944 1523850 641860 2106161 1724923 -9068 -10856 2817911 2683785 74344467 16196673 57578165 58147794 8335686 8582336 152357 5209 74622942 73956995 2029344 2140835 70495 68168 48781619 46787302 495657 186472 51377115 49182777 X 3917462 4557191 19328365 20217027 23245827 24774218 74622942 73956995 X 132175 1396216 X X false false false 578630 578630 8634477 2262050 6372427 65131360 13934623 51196737 58147794 Investments in Assoc Organizations 8142865 C Subordinated Certificates 439471 C 8582336 Customer Deposits 186472 186472 X Footnote for uncertain tax position under FIN 48 (Part X) Management has evaluated the Cooperatives tax positions and concluded thatthe Cooperative has taken no uncertain tax positions that requireadjustments to the financial statements. While the Cooperative believes ithas adequately provided for all tax positions, amounts asserted by taxingauthorities could be different than the positions taken by the Cooperative.THe Cooperative recognizes any interest and penalties assessed by taxingauthorities in income tax expense, and with few exceptions, is no longersubject to federal, state, or local income tax examinations by taxauthorities for years before 2020. true Scholarships 10 10000 Monitoring procedures (Part I, line 2) Recipients must provide proof of enrollment. After review and approval, scholarship payments are made directly to the school. Monitoring and approval before payment is made by coordinator and member services director. X X false false false Dane Clark Director 600 600 Tracy Turner Operations Manager 111057 43322 10535 164914 Timothy J Power CEO 268152 94541 27378 390071 Marla Marshall CFO 138975 74086 26082 239143 Michael Olberding Operations Manager 134184 49522 26056 209762 Derrick Rutherford Member Services 121824 33362 25889 181075 Kiff Swisher Lineman 111848 17615 24067 153530 Organizational document changes Part VI line 4 The number of trustees was officially changed to 9 from 10 through member ballot approval. There are 3 districts with 3 trustees from each district. The vote was certified in November 2023 and becomes effective April 1, 2024 Members or stockholder classes and rights Part VI line 6 DS&O Electric Cooperative, Inc. is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the cooperatives bylaws. Member election for additional members Part VI line 7a All Board members are elected by the general membership. Governing body decisions Part VI line 7b Governance decisions, such as amending bylaws, are reserved to members only. Form 990 governing body review Part VI line 11 The CEO and CFO review the Form 990. The Form 990 is also sent to all Board members for their review. Conflict of interest policy compliance Part VI line 12c The Cooperative Attorney presented a session on the conflict of interest policy and what should be reported. He asked the Board Members if there was anything they needed to report at that time and the Board Members complete a conflict of interest form for compliance purposes. CEO executive director top management comp Part VI line 15a The Board of Directors uses compensation survey data to determine compensation of the organizations officers, as well as the CEO. Other officer or key employee compensation Part VI line 15b The Board of Directors uses compensation survey data to determine compensation of the organizations officers. 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 or on the cooperatives website. Explanation of other changes in net assets or fund balances Part XI line 9 Margins Assigned to Members $ 1,750,515Gain on Retirements $ 122,208Other Changes $ 7,983FEMA/KDEM Grant $ -132,175Retirement of Capital Credits $ -352,315 Total $ 1,396,216 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. Part XII Response or note to any line in Part XII The Financial Statement year end differs from the tax year end. The Cooperative receives an annual audited financial statement for the year ending April 30.