FARMERS ELECTRIC COOPERATIVE INC
Pub 78

FARMERS ELECTRIC COOPERATIVE INC
Pub 78

Greenfield, IA, US
501(c)
EIN
42-0243365

FARMERS ELECTRIC COOPERATIVE INC
Pub 78

Greenfield, IA, US
501(c)
EIN
42-0243365

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$47,959,932

Property, Plant, & Equipment (net)
71%
Investments
15%
Receivables (Non-Related)
6%
Cash & Equivalents
5%
Inventories
2%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)

$22,098,066

Notes Payable / Debt (Non-Related)
93%
Payables & Accruals
6%
Other Liabilities
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,896,328
$2,295,944
-61%
Receivables (Non-Related)
$2,263,626
$3,095,302
+37%
Related-Party Receivables
-
-
-
Inventories
$945,120
$891,291
-6%
Prepaid Expenses
$122,195
$124,454
+2%
Investments
$6,976,252
$7,338,482
+5%
Property, Plant, & Equipment (net)
$31,651,526
$34,208,524
+8%
Other Assets
$5,534
$5,935
+7%
Total Assets
$47,860,581
$47,959,932
+0%
Liabilities
2023
2024
Change
Payables & Accruals
$1,203,192
$1,390,378
+16%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$21,976,530
$20,590,421
-6%
Related-Party Payables
-
-
-
Other Liabilities
$116,592
$117,267
+1%
Total Liabilities
$23,296,314
$22,098,066
-5%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$24,564,267
+$25,861,866
+5%
Balance Sheet
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