Kansas Electric Power Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves
Kansas Electric Power Cooperative Inc is a 501(c)(12) organization based in Topeka, Kansas, registered in 1981, with $152,486,482 in FY2024 revenue. CharityIndex grades it A.
600 Sw Corporate Vw, Topeka, KS, 66615 EIN 48-0836984 Since 1981
Revenue (FY2024)
$152.5M
▲ 3.2% vs prior year
Expenses (FY2024)
$151.5M
Net assets
$92.0M
Employees
27
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Kansas Electric Power Cooperative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kansas Electric Power Cooperative Inc: 7 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Kansas Electric Power Cooperative Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kansas Electric Power Cooperative Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To procure an adequate and reliable power supply for the organization's 16 distribution rural electric cooperative member/owners at a reasonable cost.
Contact & location
Financial trends
Revenue declined from $165.6M (FY2013) to $152.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $217.5MNet assets $92.0M
Operating margin
0.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$309.5M
Total liabilities
$217.5M
Net assets
$92.0M
Salaries & benefits
$10.8M
7% of expenses
Board members
16
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $152,486,482▲3.2% | $151,496,067▲4.1% | $92,031,181▲2.6% | $309,487,229▼0.8% | 990 |
| 2023 | $147,752,846▼10.8% | $145,463,517▼11.4% | $89,706,246▲2.6% | $312,040,387▲0.7% | 990 |
| 2022 | $165,593,549▲6.6% | $164,193,277▲6.5% | $87,425,432▲9.7% | $309,864,388▼4.6% | 990 |
| 2021 | $155,298,946▲3.6% | $154,230,546▲2.9% | $79,665,507▲4.2% | $324,892,215▲7.2% | 990 |
| 2020 | $149,853,338▼3.1% | $149,881,009▼1.3% | $76,460,434▼2.1% | $303,130,738▲4.1% | 990 |
| 2019 | $154,657,016▼6.0% | $151,860,557▼6.2% | $78,126,154▲4.0% | $291,259,404▲4.0% | 990 |
| 2018 | $164,607,848▲6.1% | $161,897,545▲5.9% | $75,104,611▲4.1% | $280,168,485▼2.7% | 990 |
| 2017 | $155,188,358▼4.1% | $152,835,877▼4.4% | $72,160,578▲2.7% | $287,881,223▼1.1% | 990 |
| 2016 | $161,782,179▼0.9% | $159,849,285 | $70,294,682▲1.1% | $291,168,504▲3.7% | 990 |
| 2015 | $163,188,415▼6.3% | $159,907,274▼6.3% | $69,517,360▲6.7% | $280,840,653 | 990 |
| 2014 | $174,173,592▲5.2% | $170,681,160▲4.7% | $65,141,723▼1.1% | $280,768,857▲2.3% | 990 |
| 2013 | $165,601,753 | $163,010,163▲2.0% | $65,874,594▲12.5% | $274,535,281▲2.2% | 990 |
| 2012 | — | $159,830,736 | $58,564,912 | $268,557,587 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Steven O Foss — $360,450 (0.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Steven O Foss | Executive Vp & Ceo Since 03/22/2024 | 40 | $360,450 |
| Coleen Wells | Sr Vp & Chief Financial Officer | 40 | $285,284 |
| Mark Barbee | Sr Vp & Chief Operating Officer | 40 | $260,620 |
| Susan Cunningham | Sr Vp & General Counsel | 40 | $238,412 |
| Suzanne Lane | Executive Vp & Ceo Through 03/22/2024 | 40 | $209,115 |
| Mark Doljac | Executive Director, Rates & Planning | 40 | $162,770 |
| Shawn Geil | Executive Director, Technical & Energy Services | 40 | $153,453 |
| Rebecca Fowler | Director Regulatory Affairs | 40 | $141,246 |
| Lori Jones | Trustee | 3 | $24,017 |
| Chuck Goeckel | Vice-president | 3 | $20,062 |
| Michael Morton | President | 6 | $19,497 |
| Kirk Thompson | Trustee | 3 | $19,216 |
| Byran Coover | Secretary | 3 | $15,684 |
| Mark Scheibe | Trustee | 3 | $15,609 |
| Chris Parr | Trustee | 3 | $14,977 |
| Dennis Svanes | Trustee | 3 | $14,267 |
| Ken Hedberg | Treasurer | 3 | $14,267 |
| Larry Froese | Trustee | 1 | $14,267 |
| Kevin Brownlee | Trustee | 3 | $13,253 |
| Kevin Compton | Trustee | 3 | $13,137 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| K&l Gates LLP | Legal Assistance | $426,074 |
| Steven Foss | Temporary Management Services | $360,450 |
| Gds Associates Inc | Consulting | $335,863 |
| Aces | Energy Management | $147,077 |
| Guernsey | Consulting | $125,652 |
Frequently asked questions
- Is Kansas Electric Power Cooperative Inc a legitimate nonprofit?
- Yes. Kansas Electric Power Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 48-0836984, based in Topeka, Kansas.
- What is Kansas Electric Power Cooperative Inc's EIN?
- Kansas Electric Power Cooperative Inc's Employer Identification Number (EIN) is 48-0836984.
- How much revenue does Kansas Electric Power Cooperative Inc report?
- Kansas Electric Power Cooperative Inc reported $152,486,482 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Kansas Electric Power Cooperative Inc have?
- CharityIndex grades Kansas Electric Power Cooperative Inc A, based on financial health (reserves and operating margin).
- How much does Kansas Electric Power Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Kansas Electric Power Cooperative Inc's latest Form 990 is $360,450, paid to Steven O Foss (Executive Vp & Ceo Since 03/22/2024).
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Data for Kansas Electric Power Cooperative Inc (EIN 48-0836984) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.