2023-09-29T12:38:03-04:00 2022-12-31 743040374 KELSO LYNCH PC PA 6700 SQUIBB RD STE 215 MISSION KS 662023252 990 2022-01-01 480188605 DS&O ELECTRIC COOPERATIVE DS&O 7856552011 PO BOX 286 SOLOMON KS 67480 TIMOTHY J POWER CEO 7856552011 2023-09-25 true TIMOTHY J POWER 999009999 false THOMAS F HANCOCK CPA P00501575 9138311150 2023-09-29 2022 2023-04-26 12:10:37Z TIMOTHY J POWER 23655368 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 32 0 0 21069036 23453038 48552 58797 13548 140408 21131136 23652243 0 849269 2102355 1509561 1607241 0 0 18772306 19942647 21131136 23652243 0 72378968 74622942 50997510 51377115 21381458 23245827 X 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 false true false true false true true false 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 56 0 true 32 true false false false false false 23802437 737727 false false false X 10 10 false false false 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 DEAN ALLISON DIRECTOR 0.78 X 5100 0 0 DAVID BUTLER DIRECTOR 1.55 X 6300 0 0 JAMES CHRISTOPHER DIRECTOR 3.80 X 12850 0 0 DANE CLARK DIRECTOR 0.81 X 3000 0 0 KEN HEDBERG DIRECTOR 2.47 X 8100 0 0 SHELIA HUMMEL DIRECTOR 1.45 X 6300 0 0 BRIAN LANG DIRECTOR 3.92 X 4900 0 0 BRUCE SPARE DIRECTOR 1.55 X 5895 0 0 DAVID MUELLER DIRECTOR 1.57 X 9200 0 0 KEN BERRY DIRECTOR 0.86 X 4650 0 0 MICHAEL RICHARDS DIRECTOR 0.94 X 4800 0 0 TIMOTHY J POWER CEO 40.00 X 249829 0 131987 MARLA MARSHALL CFO 42.00 X 130907 0 113355 MICHAEL OLBERDING OPERATIONS M 43.00 X 130716 0 86065 DERRICK RUTHERFORD MEMBER SERVI 44.00 X 118643 0 74592 KEVIN STROUD LINEMAN 45.00 X 115332 0 78112 KIFF SWISHER LINEMAN 45.00 X 114498 0 48154 BRANDON SWENSON LINEMAN 43.00 X 111015 0 32941 1042035 565206 9 false true false ANIXTER 2301 PATRIOT BLVD GLENVIEW IL 60026 MATERIALS VENDO 784744 SUNBELT SOLOMON SERVICES LLC PO BOX 245 SOLOMON KS 67480 TRANSFORMERS 325476 SOLIDA TREE SERVICE PO BOX 421 PHILLIPSBURG KS 67661 RIGHT OF WAY CL 240935 KANSAS ELECTRIC COOPERATIVE PO BOX 4267 TOPEKA KS 66604 MEMBERSHIP SERV 175690 TODAY'S POWER 7300 INDUSTRY DR NORTH LITTLE ROCK AR 72117 SOLAR RENTAL 174455 6 SALE OF ELECTRICITY 221000 22908892 22908892 CAPITAL CREDITS 221000 296903 296903 MISC ELECTRIC REVENUE 221000 247243 247243 23453038 61922 61922 3125 -3125 -3125 -3125 MISC NON ELETRIC REVENUE 900099 140408 140408 140408 23652243 23590321 61922 X 2102355 697173 910068 1987073 2057503 COST OF POWER 12027799 ADMIN & GENERAL 1755757 DISTRIBUTION EXPENSE 1751726 MEMBER SERVICES 362789 23652243 0 0 0 1390120 2117880 1000000 1523850 1285397 2106161 3740 -9068 3137943 2817911 72990914 15412749 57284997 57578165 8138347 8335686 138424 152357 72378968 74622942 1712022 2029344 69775 70495 48751476 48781619 464237 495657 50997510 51377115 X 3796000 3917462 17585458 19328365 21381458 23245827 72378968 74622942 X 0 1864369 X X false false 921713 921713 8610807 2012206 6598601 63458394 13400543 50057851 57578165 INVESTMENTS IN ASSOC ORGANIZATIONS 7894899 C SUBORDINATED CERTIFICATES 440787 C 8335686 OTHER CURRENT LIABILITIES 495657 495657 X SCHEDULE D, PAGE 3, PART X MANAGEMENT HAS EVALUATED THE COOPERATIVE'S TAX POSITIONS AND CONCLUDED THAT THE COOPERATIVE HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS. WHILE THE COOPERATIVE BELIEVES IT HAS ADEQUATELY PROVIDED FOR ALL TAX POSITIONS, AMOUNTS ASSERTED BY TAXING AUTHORITIES COULD BE DIFFERENT THAN THE POSITIONS TAKEN BY THE COOPERATIVE. THE COOPERATIVE 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. X X false false false TIMOTHY J POWER CEO 249829 106980 25007 381816 MARLA MARSHALL CFO 130907 89453 23902 244262 MICHAEL OLBERDING OPERATIONS MANAGER 130716 62175 23890 216781 DERRICK RUTHERFORD MEMBER SERVICES 118643 50871 23721 193235 KEVIN STROUD LINEMAN 115332 55638 22474 193444 KIFF SWISHER LINEMAN 114498 25737 22417 162652 FORM 990 - ORGANIZATION'S MISSION 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. FORM 990, PAGE 6, 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 COOPERATIVE'S BYLAWS. FORM 990, PAGE 6, PART VI, LINE 7A ALL BOARD MEMBERS ARE ELECTED BY THE GENERAL MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B GOVERNANCE DECISIONS, SUCH AS AMENDING BYLAWS, ARE RESERVED TO MEMBERS ONLY. FORM 990, PAGE 6, PART VI, LINE 11B THE CEO AND CFO REVIEW THE FORM 990. THE FORM 990 IS ALSO SENT TO ALL BOARD MEMBERS FOR THEIR REVIEW. FORM 990, PAGE 6, 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. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS USES COMPENSATION SURVEY DATA TO DETERMINE COMPENSATION OF THE ORGANIZATION'S OFFICERS, AS WELL AS THE CEO. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS USES COMPENSATION SURVEY DATA TO DETERMINE COMPENSATION OF THE ORGANIZATION'S OFFICERS. FORM 990, PAGE 6, PART VI, LINE 19 BYLAWS ARE OFFERED TO ALL NEW MEMBERS; ALL OTHER DOCUMENTS ARE AVAILABLE AT ANY TIME UPON REQUEST OR ON THE COOPERATIVE'S WEBSITE. 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 MARGINS ASSIGNED TO MEMBERS 2,102,355 GAIN ON RETIREMENTS 120,164 OTHER CHANGES 5,142 RETIREMENT OF CAPITAL CREDITS -363,292 TOTAL 1,864,369 FORM 990, 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.