2024-05-02T15:20:23-07:00 2023-12-31 990 2023-01-01 930389023 MIDSTATE ELECTRIC COOPERATIVE INC MIDS 5415362126 P O Box 127 La Pine OR 97739 James Anderson General Manager 5415362126 2024-05-02 James Anderson 999009999 1 1 11 0 AAL2 X 2023 2023-04-26 12:10:37Z James Anderson P O Box 127 La Pine OR 97739 40163355 0 X www.midstateelectric.coop X 1948 OR Delivering and selling electricity to the members of the Cooperative. 9 9 76 0 17851 16782 0 0 38123082 39539864 292455 418569 62897 204922 38478434 40163355 0 0 1790147 1568673 7362693 7794895 0 0 0 29325594 30799787 38478434 40163355 0 0 86079392 97783444 52262498 63342205 33816894 34441239 Midstate Electric Cooperative provides cost-effective reliable utility services to its members. 0 0 Distribution of electricity to members: 17,752 members BPA Weatherization Programs:29 jobs completed 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 49 0 1 76 1 1 1 0 0 0 0 39539864 623491 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Jami Steinhauer 5415362126 16755 Finley Butte Rd La Pine OR 97739 James Anderson General Manager 50 0 X 304026 0 170459 Pat Barker Working Foreman Area Coordinator 50 0 X 240763 0 69339 Jami Steinhauer Accounting Manager 45 0 X 181672 0 110909 Tom Weller Engineering Manager 45 0 X 183492 0 106771 Gary Green Serviceman 55 0 X 206047 0 63106 Chad Wearin Line Foreman 52 0 X 195408 0 67162 Tyler Graff Line Foreman 51 0 X 199934 0 32634 Tyler Peterson Lineman 55 0 X 204159 0 4392 Dan Jansen Director 4 0 X 42422 0 0 Victor Russell Director 5 0 X X 35459 0 0 Tanna King Secretary / Treasurer 5 0 X 35301 0 0 Alan Parks Director 3 0 X 34844 0 0 Garry Journey Director 3 0 X 34394 0 0 Richard Luebke Chairman 7 0 X 25356 0 0 Wayne Ernst Director 6 0 X 25281 0 0 Ron Cass Vice Chairman 2 0 X 23331 0 0 Donovan Kendall Director 2 0 X 18986 0 0 1990875 0 624772 34 0 1 0 David Evans and Associates Inc Dept LA 24340 Pasadena CA 91185 Engineering 764856 DJ's Electrical Inc PO Box 289 Brush Prairie WA 98606 Tree Trimming 763532 Key Line Construction Inc 725 Ash Street Myrtle Point OR 97458 Line Construction 287062 Direct Drilling Inc 9120 Double Diamond Pkwy Suite 6073 Reno NV 89521 Drilling 351613 Pioneer Utility Resources Inc P O Box 1306 North Plains OR 97133 Publisher 169130 10 0 Electric Sales 221000 39519000 39519000 0 0 Dark Fiber Leasing 221000 17851 0 17851 0 Outside Billing 221000 3013 3013 0 0 0 0 0 0 39539864 418569 0 0 418569 0 0 0 0 0 0 0 0 66214 0 0 0 66214 0 66214 66214 0 0 0 0 Gain on Disposition of Property 221000 138708 138708 0 0 0 0 0 0 138708 40163355 39726935 17851 418569 1568673 942755 3655642 1274198 1343714 578586 17850 52636 26225 1000207 780282 167551 848993 100112 503344 2031603 3758312 277757 Cost of Power 18393735 Taxes 927390 1913790 40163355 0 0 0 439688 200026 53479 305718 5174469 4625242 3525298 6188965 1988526 1688616 152440037 70390736 72291244 82049301 2606688 2725576 86079392 97783444 3074526 3430908 43802166 53580544 5385806 6330753 52262498 63342205 X 0 0 4559493 5194954 29257401 29246285 33816894 34441239 86079392 97783444 X 0 0 0 0 0 624345 X 0 1 1 0 5000 0 0 0 0 1 Oregon Action Committee for Rural Electrification 8565 SW Sallish Lane Suite 130 Wilsonville OR 97070 930593238 5000 0 Schedule C, Part I-A, Line 1 The Cooperative makes a corporate contribution to Oregon Action Committee for Rural Electrification. 427132 0 427132 9110861 0 3801668 5309193 0 0 0 0 11140835 0 8189780 2951055 131761209 0 58399288 73361921 82049301 0 Post Retirement Benefit Obligation 701570 Consumer Deposits 541042 Accrued Taxes 913040 Patronage Capital Payable 1566744 Accrued Employee Compensation 1097760 Other Current Liabilities 260597 Deferred Credits 1250000 6330753 X 40163355 0 0 0 0 0 40163355 0 0 0 40163355 38594682 0 0 0 0 0 38594682 0 1568673 1568673 40163355 Schedule D, Part X, Line 2 The Cooperative adopted Accounting Standards Codification (ASC) 740-10, relating to accounting for uncertain tax positions. The Cooperative does not have any uncertain tax positions. Schedule D, Part XII, Line 4b The audited financial statements have included some expenses that were netted against related items therefore reducing the expense amount. The audited financial statements also recognized net margins not as an expense as reported on the Form 990. X 0 0 0 James Anderson General Manager 299738 0 0 0 4288 0 126984 0 47165 0 478175 0 0 0 Pat Barker Working Foreman Area Coordinator 140472 0 31062 0 69229 0 38811 0 32400 0 311974 0 0 0 Jami Steinhauer Accounting Manager 175740 0 1500 0 4432 0 103159 0 10065 0 294896 0 0 0 Tom Weller Engineering Manager 172139 0 1500 0 9853 0 73642 0 35414 0 292548 0 0 0 Gary Green Serviceman 122201 0 1620 0 82227 0 35972 0 28752 0 270772 0 0 0 Chad Wearin Line Foreman 119771 0 1360 0 74277 0 23687 0 45023 0 264118 0 0 0 Tyler Graff Line Foreman 134814 0 1500 0 63619 0 17432 0 16750 0 234115 0 0 0 Tyler Peterson Lineman 111419 0 1780 0 90960 0 1098 0 4502 0 209759 0 0 0 Form 990, Part VI, Section A, Line 6 Any person, firm, association, corporation or body politic which uses electric energy and to whom the Cooperative's electric service is then available, shall be eligible for membership to the Cooperative, subject to acceptance for membership as provided by our Bylaws. Form 990, Part VI, Section A, Line 7a Each member of the Cooperative shall be entitled to one vote to elect Directors, make changes to the Cooperative's Articles of Incorporation or Bylaws and any other action that takes approval of the general membership. Form 990, Part VI, Section A, Line 7b Each member of the Cooperative shall be entitled to one vote to elect Directors, make changes to the Cooperative's Articles of Incorporation or Bylaws and any other action that takes approval of the general membership. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by the Accounting Manager and reviewed by the Corporate Counsel. We periodically have our Independent Auditing Firm review it as well. The Form 990 is reviewed by the governing body at a regular board meeting prior to the filing of the Form. Form 990, Part VI, Section B, Line 12c Each year the Board of Directors are given a questionnaire to identify possible conflicts of interest and relationships with family members. Management of the Cooperative review contracts and transactions as part of the regular course of business to identify conflicts of interest. Form 990, Part VI, Section B, Line 15 The Board of Directors review the General Manager's performance and the salary is based on this performance review. Other Cooperative's Form 990's and compensation survey's are reviewed as a comparison tool. All 9 Board Members are on the review committee. The General Manager uses a comparative salary model that looks at salaries for the industry and the area serviced by the organization for non-union employees. Salaries in part are based on a scale provided in this model. Form 990, Part VI, Section C, Line 19 The Cooperative gives Bylaws to new members and any existing member that makes a request. The financial statements are mailed to all members and to any member that requests them. The Cooperative's Independent Auditor is present and reports to the membership at the Cooperative's Annual Membership Meeting. Policies are given to members upon request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances is the current years margins plus other changes in equity less patronage capital retirements.