2023-10-18T16:57:39-04:00 2022-12-31 743040374 KELSO LYNCH PC PA 6700 SQUIBB RD STE 215 MISSION KS 662023252 990 2022-01-01 840373770 Y W ELECTRIC ASSOCIATION INC YWEL 9703452291 PO BOX Y AKRON CO 80720 TRENT LOUTENSOCK GENERAL MANAGER 9703452291 2023-10-17 true TRENT LOUTENSOCK 999009999 false THOMAS F HANCOCK CPA P00501575 9138311150 2023-10-18 2022 2023-04-26 12:10:37Z TRENT LOUTENSOCK 48192755 false X WWW.YWELECTRIC.COOP X 1945 CO Y-W ELECTRIC ASSOCIATION, INC. IS DEDICATED TO PROVIDING HIGH QUALITY, RELIABLE ELECTRIC SERVICE AND RELATED PRODUCTS TO OUR MEMBERS AT COMPETITIVE PRICES. OUR MEMBERS DESERVE AND SHALL RECEIVE QUALITY SERVICE UNEXCELLED IN OUR INDUSTRY. WE ARE COMMITTED TO MAINTAIN AN ENVIRONMENT WHERE THE BOARD OF DIRECTORS AND EMPLOYEES CAN PERFORM AT MAXIMUM POTENTIAL TO BENEFIT OUR Y-W COMMUNITY. 9 9 51 0 1219037 0 45892698 48116469 56821 67991 85779 8295 47254335 48192755 0 3458447 2200555 961431 1019032 0 0 42834457 44973168 47254335 48192755 0 130403627 136329417 67122312 72372460 63281315 63956957 X Y-W ELECTRIC ASSOCIATION, INC. IS DEDICATED TO PROVIDING HIGH QUALITY, RELIABLE ELECTRIC SERVICE AND RELATED PRODUCTS TO OUR MEMBERS AT COMPETITIVE PRICES. OUR MEMBERS DESERVE AND SHALL RECEIVE QUALITY SERVICE UNEXCELLED IN OUR INDUSTRY. WE ARE COMMITTED TO MAINTAIN AN ENVIRONMENT WHERE THE BOARD OF DIRECTORS AND EMPLOYEES CAN PERFORM AT MAXIMUM POTENTIAL TO BENEFIT OUR Y-W COMMUNITY. false false PURCHASE OF ELECTRIC POWER TO SELL TO OUR CUSTOMERS. 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 18 0 true 51 true false false false false false 49085943 839053 false false false X 9 9 false false true false true true true true true false false true true true true false false true true false X TRENT LOUTENSOCK 9703452291 PO BOX Y AKRON CO 80720 TRENT LOUTENSOCK GENERAL MANA 40.00 X 228524 0 71421 RODNEY DUNKER OPERATIONS M 40.00 X 132220 0 50901 BRANDEE BULLARD OFFICE MANAG 40.00 X 117733 0 47015 JOSEPH HASE LINE SUPERIN 40.00 X 111578 0 45604 NATHAN WILLIAMS OTIS AREA LI 40.00 X 109055 0 41231 STUART TRAVIS DIRECTOR 7.00 X 12250 0 0 AARON GEBAUER DIRECTOR 3.00 X 9450 0 0 CRAIG LAMBLEY DIRECTOR 6.00 X 8800 0 0 BROOKE PRICE DIRECTOR 3.00 X 8400 0 0 ROGER SCHENK DIRECTOR 4.00 X 5950 0 0 FREEMAN MORRIS DIRECTOR 3.00 X 5600 0 0 LARRY WINGER DIRECTOR 2.00 X 4550 0 0 JONEAL YOUNG DIRECTOR 2.00 X 4550 0 0 ROBERT BLEDSOE DIRECTOR 2.00 X 4200 0 0 762860 256172 5 false true false SALE OF ELECTRICITY 221000 47780851 47780851 CAPITAL CREDITS 221000 265105 265105 MISC ELECTRIC REVENUE 221000 70513 70513 48116469 67991 67991 9120 9120 9120 9120 MISC NON OPERATING 900099 -825 -825 -825 48192755 48115644 77111 X 2200555 528443 490589 1688507 3620551 COST OF POWER 32466420 DISTRIBUTION EXPENSE 4385182 ADMIN & GENERAL 2264201 MEMBER SERVICES 548307 48192755 0 0 0 4183481 3001993 2903877 2777173 2531725 3066200 827187 548119 133447130 39022130 86949555 94425000 32716583 32352772 291219 158160 130403627 136329417 4209420 3974478 2417248 6138306 60495644 62259676 67122312 72372460 X 63281315 63956957 63281315 63956957 130403627 136329417 X 0 675642 X false true X true 817510 817510 10106851 455857 9650994 122522769 38566273 83956496 94425000 INVESTMENTS IN ASSOCIATED ORGA 31402717 C SUBORDINATED CERTIFICATES 802080 C OTHER INVESTMENTS 147975 C 32352772 X 48192755 48192755 48192755 45992200 45992200 2200555 2200555 48192755 SCHEDULE D, PAGE 3, PART X MANAGEMENT HAS EVALUATED THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED THAT THE ASSOCIATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS. WHILE THE ASSOCIATION BELIEVES IT HAS ADEQUATELY PROVIDED FOR ALL TAX POSITIONS, AMOUNTS ASSERTED BY TAXING AUTHORITIES COULD BE DIFFERENT THAN THE POSITIONS TAKEN BY THE ASSOCIATION. THE ASSOCIATION RECOGNIZES ANY INTEREST AND PENALTIES ASSESSED BY TAXING AUTHORITIES IN INCOME TAX EXPENSE, AND, WITH FEW EXCEPTIONS, IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2019. SCHEDULE D, PAGE 4, PART XII, LINE 4B MARGINS ASSIGNED TO MEMBERS 2,200,555 X X false false false TRENT LOUTENSOCK GENERAL MANAGER 228524 51673 19748 299945 RODNEY DUNKER OPERATIONS MANAGER 132220 31615 19286 183121 BRANDEE BULLARD OFFICE MANAGER 117733 27398 19617 164748 JOSEPH HASE LINE SUPERINTENDENT 111578 26440 19164 157182 NATHAN WILLIAMS OTIS AREA LINEMAN 109055 22195 19036 150286 FORM 990 - ORGANIZATION'S MISSION Y-W ELECTRIC ASSOCIATION, INC. IS DEDICATED TO PROVIDING HIGH QUALITY, RELIABLE ELECTRIC SERVICE AND RELATED PRODUCTS TO OUR MEMBERS AT COMPETITIVE PRICES. OUR MEMBERS DESERVE AND SHALL RECEIVE QUALITY SERVICE UNEXCELLED IN OUR INDUSTRY. WE ARE COMMITTED TO MAINTAIN AN ENVIRONMENT WHERE THE BOARD OF DIRECTORS AND EMPLOYEES CAN PERFORM AT MAXIMUM POTENTIAL TO BENEFIT OUR Y-W COMMUNITY. FORM 990, PAGE 6, PART VI, LINE 4 ARTICLE IV - MEETINGS FOR THE DIRECTORS SECTION 1. REGULAR MEETINGS - BYLAW CHANGE TO ALLOW FOR A DIRECTOR TO PARTICIPATE AND VOTE ELECTRONICALLY IN ANY REGULAR MEETING OF THE BOARD OF DIRECTORS IF AUTHORIZED BY THE BOARD OF DIRECTORS. EACH DIRECTOR ATTENDING ANY REGULAR MEETING OF THE BOARD OF DIRECTORS ELECTRONICALLY, WHETHER THE REGULAR MEETING IS HELD ELECTRONICALLY OR A DIRECTOR OTHERWISE ELECTRONICALLY PARTICIPATES IN A MEETING AS AUTHORIZED BY THE BOARD OF DIRECTORS, SHALL BE DEEMED TO BE PRESENT IN-PERSON FOR THE PURPOSE OF ESTABLISHING A QUORUM. SECTION 2. SPECIAL MEETINGS - BYLAW CHANGE TO ALLOW FOR A DIRECTOR TO PARTICIPATE AND VOTE ELECTRONICALLY IN ANY SPECIAL MEETING OF THE BOARD OF DIRECTORS IF AUTHORIZED BY THE BOARD OF DIRECTORS. EACH DIRECTOR ATTENDING ANY SPECIAL MEETING OF THE BOARD OF DIRECTORS ELECTRONICALLY, WHETHER THE SPECIAL MEETING IS HELD ELECTRONICALLY OR A DIRECTOR OTHERWISE ELECTRONICALLY PARTICIPATES IN A MEETING AS AUTHORIZED BY THE BOARD OF DIRECTORS, SHALL BE DEEMED TO BE PRESENT IN-PERSON FOR THE PURPOSE OF ESTABLISHING A QUORUM. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS ARE OWNERS OF THE ELECTRIC UTILITY COOPERATIVE AND ARE ALLOCATED MARGINS ANNUALLY BASED ON ELECTRICITY USAGE. FORM 990, PAGE 6, PART VI, LINE 7A EACH MEMBER OF THE ASSOCIATION SHALL BE ENTITLED TO VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B BYLAW CHANGES MUST BE APPROVED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B REVIEW BY BOARD OF DIRECTORS DURING REGULAR BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C POLICIES ARE ON A ROTATION SO THAT MANAGEMENT EVALUATES REGULARLY. FORM 990, PAGE 6, PART VI, LINE 15A Y-W'S GM SALARY AND ANY CHANGE IN THAT SALARY IS DECIDED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B STAFF SALARIES ARE DECIDED BY Y-W'S GM, BUT THE BOARD OF DIRECTORS APPROVE THE TOTAL DOLLAR AMOUNT AND LET THE GM DECIDE THE PORPORTION GIVEN TO EACH SALARIED EMPLOYEE. FORM 990, PAGE 6, PART VI, LINE 19 BYLAWS ARE GIVEN TO ALL NEW MEMBERS; BYLAWS ARE POSTED ON THE COOPERATIVE'S WEBSITE, AND ALL OTHER DOCUMENTS ARE AVAILABLE AT ANY TIME UPON REQUEST. FORM 990, PART X FORM 990, PART IX, LINE 4 THE INSTRUCTIONS TO THE 2022 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, 2022. FORM 990, PART XI, LINE 9 CURRENT YEAR NET MARGINS ASSIGNED TO MEMBERS 2,200,555 OTHER CHANGES 166,084 RETIREMENT OF CAPITAL CREDITS -1,690,997 TOTAL 675,642