2024-05-29T07:50:55-05:00 2023-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2023-01-01 460225950 WEST CENTRAL ELECTRIC COOPERATIVE WEST 6056692472 PO BOX 17 MURDO SD 57559 JEFF BIRKELAND CEO/MANAGER 6056692472 2024-05-23 1 JEFF BIRKELAND XXX-XX-XXXX 1 LAURIE HANSON CPA P00851848 6053391999 2024-05-23 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z SHAD RIGGLE PO BOX 17 MURDO SD 57559 18166310 0 X HTTP://WWW.WCE.COOP X 1949 SD TO PROVIDE ELECTRICITY TO RURAL AREAS. 10 10 34 0 0 0 0 0 19010970 17650190 132243 445516 0 -21450 19143213 18074256 21000 21000 2014614 1026844 3815340 3866784 0 0 0 13068935 12694735 18919889 17609363 223324 464893 58808066 57961472 36613593 34791112 22194473 23170360 TO PROVIDE ELECTRICITY TO RURAL AREAS. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 3,697 MEMBERS, SERVING 3,966.40 MILES OF LINE, ADDED 0.80 MILES OF LINE, AND REMOVED 56.54 MILES OF LINE. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 34 1 0 0 0 0 0 17642158 862525 0 0 0 X 10 10 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X JEFF BIRKELAND 6056692472 PO BOX 17 MURDO SD 57559 X SHAD RIGGLE PRESIDENT 6.00 X X 13500 0 0 KENNETH MILLER VICE PRESIDENT 5.00 X X 18750 0 0 MARTY HANSEN SECRETARY/TREASURER 7.00 X X 16760 0 0 RICHARD BENDT DIRECTOR 5.00 X 14200 0 0 MIKE MCQUISTION DIRECTOR 4.00 X 11750 0 0 KEVIN NEUHAUSER DIRECTOR 6.00 X 16300 0 0 PAUL PATTERSON DIRECTOR 4.00 X 16650 0 0 JAMES SMITH DIRECTOR 6.00 X 17000 0 0 CLIFF UTHE DIRECTOR 4.00 X 18750 0 0 JIM WILLERT DIRECTOR 4.00 X 12450 0 0 JEFF BIRKELAND CEO/MANAGER 50.00 X 199779 0 58752 SETH GEIGLE LINE SUPERINTENDENT 50.00 X 116054 0 61038 SCOTT KITTLESON OPERATIONS MANAGER 50.00 X 148902 0 49336 JILL RANKIN FINANCE MANAGER 50.00 X 121550 0 103519 KIT TALICH STAFF ENGINEER 50.00 X 122993 0 62138 JESSIE TUCKER MANAGER OF MEMBER SERVICES 50.00 X 112563 0 50972 977951 0 385755 8 0 1 0 0 SALE OF POWER 221000 16487909 16487909 CAPITAL CREDITS 221000 746576 746576 OTHER OPERATING 221000 415705 415705 17650190 467876 467876 5849 28209 -22360 -22360 -22360 42395 63845 -21450 -21450 18074256 17628740 0 445516 21000 1026844 442623 2630029 580106 214026 989431 1726180 COST OF POWER 8376735 DISTRIBUTION - OPERATIO 1963280 DISTRIBUTION - MAINTENA 667715 CUSTOMER SERVICE 359536 -1388142 17609363 1968577 696180 3517368 1575633 71389 111550 2066362 2533872 89138 78400 69350170 33231460 34452440 36118710 6851812 6154684 8840886 9297349 950094 1395094 58808066 57961472 2019202 1465100 32519182 31011211 345310 345310 1729899 1969491 36613593 34791112 X 0 0 0 0 22194473 23170360 22194473 23170360 58808066 57961472 X 464893 -3401 514395 X 0 1 X 1 0 87244 87244 2617320 1251842 1365478 64516422 31979618 32536804 2129184 2129184 36118710 RUSHMORE ELECTRIC POWER COOPERATIVE, INC. 7848315 C BASIN ELECTRIC POWER COOPERATIVE MEMEBERSHIP 100 C RURAL ELECTRIC SUPPLY COOPERATIVE 114327 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE 71978 C FEDERATED RURAL ELECTRIC INSURANCE CORPORATION 297531 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 622914 C OTHER MEMBERSHIPS AND ALLOCATIONS 342184 C 9297349 CUSTOMER DEPOSITS 265550 DEFERRED CREDITS 1703941 1969491 X 18070855 -3401 -3401 18074256 0 18074256 16582519 0 16582519 1026844 1026844 17609363 PART X, LINE 2: THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2023 MARGINS TO MEMBERS IN 2024 1,026,844. 1 SCHOLARSHIPS 21 21000 PART I, LINE 2: EACH YEAR WEST CENTRAL ELECTRIC SUPPORTS CONTINUING EDUCATION FOR AREA STUDENTS BY OFFERING SEVERAL SCHOLARSHIPS TO HIGH SCHOOL SENIORS WHO ARE DEPENDENTS OF COOPERATIVE MEMBERS. THE SCHOLARSHIP COMMITTEE, CEO AND DIRECTOR OF MEMBER SERVICES, ARE CHARGED WITH REVIEWING APPLICATIONS & DETERMINING THE WINNERS BASED ON THEIR MERITS. SCHOLARSHIP DISBURSEMENTS ARE CO-PAYABLE TO THE STUDENT & THE STUDENT'S PARENTS. SHOULD A STUDENT DECIDE NOT TO ATTEND A SCHOOL, THE FUNDS ARE RETURNED TO WEST CENTRAL ELECTRIC COOP, INC. THE PROCESS FOR MONITORING INCLUDES APPROVAL THROUGH THE BUDGET PROCESS BY THE BOARD. THE BOARD IS INFORMED OF THE SCHOLARSHIP WINNERS AND THE AMOUNT GIVEN EACH YEAR. X X X 0 0 0 JEFF BIRKELAND CEO/MANAGER 193828 0 0 0 5951 0 29453 0 30840 0 260072 0 0 0 JILL RANKIN FINANCE MANAGER 117340 0 0 0 4210 0 74220 0 30319 0 226089 0 0 0 SCOTT KITTLESON OPERATIONS MANAGER 137482 0 0 0 11420 0 29142 0 21400 0 199444 0 0 0 KIT TALICH STAFF ENGINEER 114683 0 0 0 8310 0 32839 0 30412 0 186244 0 0 0 SETH GEIGLE LINE SUPERINTENDENT 108095 0 0 0 7959 0 31739 0 30335 0 178128 0 0 0 JESSIE TUCKER MANAGER OF MEMBER SERVICES 109279 0 0 0 3284 0 21673 0 30288 0 164524 0 0 0 SCHEDULE J, PART II, COLUMN (C) PART II COLUMN (C) INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN FOR ALL PERSONS INCLUDED ON SCHEDULE J. THE ACTUAL CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN FOR EACH RESPECTIVE EMPLOYEE ARE NOT INCLUDIBLE IN COLUMN (C). FORM 990, PART VI, SECTION A, LINE 6 CLASS A MEMBERS - ALL MEMBERS WITH LESS THAN A 2 MW LOAD. CLASS B MEMBERS - MEMBERS HAVING A LOAD EQUAL TO OR GREATER THAN 2 MW. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE FOR ELECTION OF BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS VOTE ON BYLAW CHANGES. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES MEET AND REPORT TO THE BOARD. THE ENTIRE BOARD ACTS AS A WHOLE. A COMMITTEE CANNOT TAKE ACTION BY ITSELF. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD WILL REVIEW THE FORM 990 AT A BOARD MEETING PRIOR TO FILING THE 990. BOARD MEMBERS WILL BE GIVEN A COPY OF THE 990 AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND STAFF ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. EITHER MANAGEMENT OR THE BOARD CAN DETERMINE IF THERE IS A CONFLICT OF INTEREST. CONFLICTS ARE REVIEWED AT THE CEO AND BOARD LEVEL. THE RESTRICTIONS ARE IMPOSED ON A CASE BY CASE BASIS AND WILL REMOVE THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD USES NRECA COMPENSATION STUDY AND SDREA WAGE AND SALARY SURVEY TO SET THE CEO'S COMPENSATION. CEO USES NRECA COMPENSATION STUDY AND SDREA WAGE AND SALARY SURVEY TO SET STAFF AND INSIDE EMPLOYEES' WAGES. THIS PROCESS IS DONE BI-ANNUALLY AND WAS LAST UNDERTAKEN IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO OUR MEMBERS. ALL DOCUMENTS CAN BE VIEWED AT THE COOPERATIVE HEADQUARTERS IN MURDO. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE CEO/MANAGER, FINANCE MANAGER, OPERATIONS MANAGER, STAFF ENGINEER, LINE SUPERINTENDENT, AND MANAGER OF MEMBER SERVICES. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. PART VII JEFF BIRKELAND, CEO/MANAGER, ACTS IN THE CAPACITY OF TOP MANAGEMENT AND TOP FINANCIAL OFFICER OF THE COOPERATIVE. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -512,449. ALLOCATION OF 2023 MARGINS TO MEMBERS IN 2024 1,026,844. FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES: THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 6-10 ARE INCLUDED IN DISTRIBUTION EXPENSE, ADMINISTRATIVE & GENERAL EXPENSE AND CUSTOMER EXPENSE. THEREFORE, LABOR, PENSION AND PAYROLL TAXES ARE SHOWN AS A REDUCTION TO OTHER EXPENSES ON LINE 24E. FORM 990, PART IX, LINE 4, BENEFITS PAID TO OR FOR MEMBERS: THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BY-LAWS OF THE COOPERATIVE.