Nonprofit · EIN 48-0506619
TWIN VALLEY ELECTRIC COOPERATIVE INC
Tax-exempt · ALTAMONT, KS 67330
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,534,531 | $6,534,531 | $0 | $33,105,361 | $23,801,559 | $9,303,802 |
| December 31, 2023 | 990 | $6,561,456 | $6,561,456 | $0 | $32,432,412 | $23,213,291 | $9,219,121 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,507,365
- Investment income
- $20,092
- Net rental income
- $5,886
- Net gain from sales of assets
- $11,000
- Other revenue
- $7,074
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $110,408
- Compensation of officers, directors and key employees
- $418,384
- Other salaries and wages
- $158,031
- Salaries, compensation and benefits (total)
- $576,415
- Professional fundraising fees
- $0
- Depreciation
- $919,260
Balance sheet and other
- Total assets, start of year
- $32,432,412
- Total assets, end of year
- $33,105,361
- Total liabilities, end of year
- $23,801,559
- Net assets, end of year
- $9,303,802
- Land, buildings and equipment
- $29,406,012
- Gross receipts
- $6,534,531
- Employees
- 15
- Year formed
- 1946
- State of legal domicile
- KS
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Angie Erickson | CEO Officer | 35 | $179,312 | $65,332 |
| Rebecca Hanigan | CFO Officer | 36 | $124,856 | $37,198 |
| Adam Myers | Line Superintendent Highest-paid employee | 38 | $125,663 | $32,368 |
| Bryan Hucke | Secretary Trustee or director | 0.87 | $2,710 | $0 |
| Dareld Nelson | Treasurer Trustee or director | 0.63 | $1,410 | $0 |
| Diane McCartney | Director Trustee or director | 1.08 | $1,410 | $0 |
| Bryan Coover | President Trustee or director | 0.79 | $1,110 | $0 |
| Jason Zwahlen | Director Trustee or director | 0.83 | $1,110 | $0 |
| Tom Ellison | Director Trustee or director | 0.38 | $1,106 | $0 |
| Larry D Hubbell | Vice President Trustee or director | 0.93 | $1,010 | $0 |
| Jared Nash | Director Trustee or director | 1.26 | $910 | $0 |
| Heath Steeby | Director Trustee or director | 0.99 | $910 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Angela Erickson | CEO Officer | 42 | $167,300 | $63,521 |
| Rebecca Hanigan | CFO Officer | 42 | $115,254 | $38,416 |
| Adam Myers | Line Superintendent Highest-paid employee | 44 | $110,251 | $32,981 |
| Bryan Hucke | Secretary Trustee or director | 1.29 | $2,410 | $0 |
| Larry D Hubbell | Board Vice President Trustee or director | 0.88 | $1,960 | $0 |
| Bryan Coover | Board President Trustee or director | 0.85 | $1,410 | $0 |
| Jason Zwahlen | Director Trustee or director | 1.09 | $1,410 | $0 |
| Diane McCartney | Director Trustee or director | 1.29 | $1,360 | $0 |
| Dareld Nelson | Treasurer Trustee or director | 1.2 | $1,360 | $0 |
| Heath Steeby | Director Trustee or director | 0.72 | $1,256 | $0 |
| Tom Ellison | Director Trustee or director | 1.08 | $1,206 | $0 |
| Jared Nash | Director Trustee or director | 1.04 | $1,110 | $0 |
| Rodney Baker | Director Former | 1 | $203 | $0 |
Address and contacts
- Address (IRS master file)
- 1511 14000 RD, ALTAMONT, KS 67330-9388
- In care of
- % ANGIE ERICKSON
- Principal officer (990 for 2024)
- Angie Erickson, PO Box 368, Altamont, KS 673300368
- Signed the 990
- ANGIE ERICKSON, CEO
- Phone
- (620) 784-5500
- Website
- www.twinvalleyelectric.coop
- Return prepared by
- Kelso Lynch PC PA
Mission
Providing safe, reliable energy services and enhancing the quality of life for our member owners.
Program accomplishments
- Twin Valley Electric Cooperative, Inc. is an electric distribution cooperative that provided electricity to approximately 2,900 electric meters to its approximately 1,960 members located in southeast Kansas.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 48-0506619
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1955
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $33,105,361
- Income (IRS master file)
- $6,534,531
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,534,531 | $6,534,531 | $33,105,361 | IRS |
| 990 | December 2023 | $6,561,456 | $6,561,456 | $32,432,412 | XML |
| 990 | December 2022 | $7,043,538 | $7,043,538 | $32,197,669 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 48-0506619).
Questions about TWIN VALLEY ELECTRIC COOPERATIVE INC
- What is the EIN of TWIN VALLEY ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of TWIN VALLEY ELECTRIC COOPERATIVE INC is 48-0506619.
- Is TWIN VALLEY ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1955.
- Are donations to TWIN VALLEY ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TWIN VALLEY ELECTRIC COOPERATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TWIN VALLEY ELECTRIC COOPERATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TWIN VALLEY ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TWIN VALLEY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names Angie Erickson.
- Who are the officers and directors of TWIN VALLEY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 12 received compensation from the organization, the highest $179,312 (Angie Erickson, CEO).
- How much revenue does TWIN VALLEY ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,534,531, expenses of $6,534,531 and total assets of $33,105,361 at year end.
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