WELCOME TO THE 2024 NISC ANNUAL REPORT

CHAIRMAN + CEO INTRO

On behalf of NISC’s Board of Directors and employees, we encourage you to review NISC’s 2022-2023 Annual Report, which showcases some of the highlights from the past fiscal year. For a complete listing of the 2022-2023 fiscal year’s accomplishments, please review the timeline below.

Our Members are at the center of everything we do. Our mission at NISC is to provide innovative technology solutions and world-class support to our Members, through a strong partnership and shared set of values. Members serve on our Board of Directors, make up our numerous and active Member Advisory Committees and are true partners in the solution development, implementation process and overall future vison for our technology cooperative.

Thanks to the commitment of our employees and support of our Members, we were able to achieve some incredible things this year.

Delivering iVUE Connect is the primary focus. We made great progress this past year. We added many features and improvements on a strong, unified product built for electric and broadband utilities and many other services.

In addition to our focus on iVUE Connect, we have placed a great emphasis on creating and improving tools for you to serve and engage with your end consumers and subscribers, not only bringing efficiency to the process, but allowing you to serve more effectively. In addition to our product focus, 2022-2023 has been a year of partner focus as well. By partnering with other leaders in the industry, we are stronger together. It is all about leveraging strengths to benefit our Members.

This year we welcomed 30 new Members, which is a testament to the industry-leading quality and strength of our technology solutions and the responsive service provided by our team. Growing our Membership allows us to keep costs stable through economies of scale. We couldn’t be more grateful for each organization that trusts us to be their technology partner.

Our greatest strength is our team of talented and dedicated employees. We have had a busy and successful year in not only recruiting and training new employees, but also in providing ongoing learning and development opportunities for our existing employees. It is our continual mission to improve our skills and capabilities as we look for ways to better serve you.

We are thankful for your partnership and continued support and trust that allows NISC to be in a strong position as we navigate new challenges and opportunities. We have many more exciting projects underway for the year ahead, and we look forward to another year of solving challenges – together.

NISC Chairman
Kirk Trede - District 5

Kirk Trede

Chairman

Eastern Iowa Light & Power
Lone Tree, IA

NISC President & CEO
Doug Remboldt

Doug Remboldt

President & CEO

NISC
Mandan, ND

NISC Chairman
Kirk Trede - District 5

Kirk Trede

Chairman

Eastern Iowa Light & Power
Lone Tree, IA

Dan Wilbanks
Doug Remboldt

Doug Remboldt

President & CEO

NISC
Mandan, ND

Fiscal year Timeline

July 2023

iVUE Broadband Trouble Tickets feature added to copy the resolution information from the Master Ticket to all Child Tickets, eliminating the need to manually update every ticket


Document Management integration added to iVUE Connect – Operations Staking Persona


NISC Print Services Cloud Archive introduced, enabling storage of electronic statement images in Amazon Web Services (AWS)


NISC’s Weather Climate Service successfully migrated to AWS

august 2023

Form Builder released into iVUE Connect Operations, allowing Members to create additional Safety Forms for use with the iVUE AppSuite Tailgate feature

september 2023

Record-breaking Member Information Conference (MIC) hosted at the Gaylord Rockies Resort & Convention Center in Denver, Colorado


NISC awarded Prairie Business Top Workplace Award


Open Authorization and Multi-Factor Authentication released for iVUE AppSuite

october 2023

Customization of symbols and colors made available in the iVUE Connect – Operations Staking Persona


NISC converted to a new cloud-based phone system and contact center

november 2023

NISC received Computerworld’s Best Places to Work in IT award


Released a barcode scanning camera in iVUE AppSuite that allows Members with multiple cloud domains to quickly switch organization IDs


Added Document Management Artifacts activity to iVUE AppSuite Work Management


Added ability to send SMS outage notifications to customers without SmartHub accounts in Outage Management System


Measure tool added in iVUE Connect – Operations Staking Persona, allowing Members to measure at a point along a line, within a polygon or within a rectangular extent

DECEMBER 2023

100th Application Service Provider (ASP) Member deployed with Trustgrid


Customer Notifications added in iVUE AppSuite


Released GL Task feature for device integration for iVUE Connect Broadband Members


Added the ability for iVUE AppSuite iVUE Connect Broadband Members to manage IP address assignments for broadband devices


Added a GIS inspections element within the Compass feature of iVUE AppSuite for iVUE Utility and iVUE Connect Members


Began supporting custom logos on iVUE Connect – Operations Staking Persona sheets

JANUARY 2024

Cobol to Java transition for Capital Credit Retirements completed


First iVUE Connect Advanced Search screen released for iVUE Connect – Operations Asset Management Persona


Broadband Device History released


iVUE AppSuite Outage Management System Set Fault Location Activity added, allowing users to mark affected spans


In-house digitizing and art services added to iGEAR’s Member and client offerings

FEBRUARY 2024

NISC Broadband Annual Update hosted in Tampa, Florida, in conjunction with NTCA RTIME 


Completed the migration of all Utility Members to the redesigned SmartHub application

MARCH 2024

NISC Annual Meeting hosted in San Antonio, Texas, in conjunction with NRECA TechAdvantage

APRIL 2024

Surpassed 400 Members leveraging NISC’s Cybersecurity Services


Surpassed 950 Members utilizing NISC’s iVUE server patching services, almost 4,000 servers patched monthly

MAY 2024

First intermediate legacy Broadband Member live on iVUE Connect


NISC launched Marketing Partnership Program with Pioneer Utility Resources


iVUE AppSuite’s What’s New feature began delivering important release changes directly inside the app


Broadband Members using iVUE Connect – Operations Asset Management Persona given tools for managing network connectivity in mass


Released Operations Analytics user interface rewrite


Reached parity on Secure Payments in Multi-Channel Messenger and began migrating Members to the new solution

JUNE 2024

All West Communications became the 101st broadband provider to implement iVUE Connect – Service


2,400,000 legacy Broadband accounts billed


NISC named 2024 Top Workplaces in the St. Louis area by St. Louis Post-Dispatch


NISC named a Top 10 Workplace by Bismarck-Mandan Young Professionals


iGEAR processed over 6,000 orders totaling more than $1 million dollars in online sales and hosts nearly 7,000 active users in their custom online stores


Released phase 2 of the iVUE Connect – Operations Staking Persona


iVUE AppSuite Open Authorization (OAuth) Login Process was enabled for 99% of Members


Modern Tabbed Navigation released for iVUE AppSuite


NISC enhanced its DERMS Partnership Program with additions of Emulate and FlexCharging


NISC Service Center sent 3,380 unique Executive Engagement Reports to Member CEOs and General Managers


71 Service Center enhancements were completed throughout the fiscal year


98 Business Intelligence implementations were completed


238 new Business Intelligence features were introduced


89% of NISC Member sites accessed the Service Center portal throughout the fiscal year


More than 40 Members adopted the new Print Services Utility Baseline Bill, an out-of-the-box statement solution offering modern designs and flexible printing


NISC Print Services hit 324 million printed statement images, 4 million capital credit checks and 878,840 Messenger letters printed


Paperless billing statements through SmartHub hit an all-time high of 62.7 million

FINANCIAL SUMMARY

The management of the company is responsible for the integrity of its financial statements. These statements have been prepared in conformity with generally accepted accounting principles and include the best estimates and judgments of management. The company maintains a system of internal accounting controls designed to provide reasonable assurance that assets are safeguarded against loss or unauthorized use, and that transactions are executed in accordance with management’s authorization and recorded and summarized properly.


Our independent auditors have audited the company’s financial statements. The audit is conducted in accordance with generally accepted auditing standards, which require a review of the internal accounting controls and tests of accounting procedures to the extent necessary for the purpose of their audit.

 

To ensure complete independence, the Board of Directors selects the independent auditors and is presented with the full audit report at their regular Board meeting in September of each year.

FINANCIAL CHARTS

Member Growth
Employee Growth
Operating Margin
Patronage Retirement
Debt
Spending

FINANCIAL STATEMEnts