2024-06-27T13:08:42-05:00 2023-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2023-01-01 833492758 4 RIVERS ELECTRIC COOPERATIVE INC 4RIV 6203642116 2731 MILO TER LEBO KS 66856 JOANNE KOLB CFO 6203642116 2024-06-26 1 JOANNE KOLB XXX-XX-XXXX 0 LAURIE HANSON CPA P00851848 6053391999 2024-06-26 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z DENNIS SVANES 2731 MILO TER LEBO KS 66856 28636603 0 X HTTPS://4RIVERSELECTRIC.COM/ X 2020 KS TO PROVIDE ELECTRICITY SERVICE TO MEMBERS. 11 11 51 0 0 0 0 0 28091627 28310396 75258 225625 44514 40301 28211399 28576322 2750 6720 2494073 3170074 1882126 2072662 0 0 0 24097824 23326866 28476773 28576322 -265374 0 78628848 81725885 39965402 40481352 38663446 41244533 SERVING AND CARING. 0 0 4 RIVERS ELECTRIC COOPERATIVE IS A RURAL ELECTRIC COOPERATIVE DELIVERING ELECTRICITY TO 12,638 METERS IN EAST, CENTRAL KANSAS. THE GOAL IS TO PROVIDE CONSISTENT, RELIABLE ELECTRIC SERVICE TO OUR MEMBERS AT A REASONABLE COST, CONSISTENT WITH MAINTAINING SOUND BUSINESS PRACTICES. 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 51 1 0 0 0 0 0 28832129 466907 0 0 0 X 11 11 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X JOANNE KOLB 6203642116 2731 MILO TER LEBO KS 66856 MICHAEL SPRINGER PRESIDENT/TRUSTEE 1.10 X X 2800 0 0 ROBERT CONVERSE VICE PRESIDENT/TRUSTEE 0.90 X X 3500 0 0 A EUGENE HUSTON SECRETARY/TRUSTEE 0.90 X X 3900 0 0 LARRY FELTS TREASURER/PRESIDENT 2.50 X X 5300 0 0 TOM AYERS TRUSTEE 1.10 X 4700 0 0 DAVID KUNKEL TRUSTEE 1.20 X 4100 0 0 WARREN SCHMIDT TRUSTEE/SECRETARY 0.90 X 6000 0 0 NICK FRANKENBERY TRUSTEE 1.30 X 5000 0 0 RANDALL BUNNEL TRUSTEE 1.30 X 4700 0 0 SANDRA SMITH TRUSTEE (UNTIL 03/23) 1.30 X 1400 0 0 ROBERT HARKRADER TRUSTEE (UNTIL 03/23) 1.30 X 1500 0 0 STACY HEINS TRUSTEE/VICE PRESIDENT 1.30 X 4500 0 0 LOREN DICKENS JR TRUSTEE/TREASURER 1.00 X 8800 0 0 ROGER COLE CFO 50.00 X 163145 0 96285 MARK DOEBELE COO 50.00 X 192367 0 243673 DENNIS SVANES CEO 50.00 X 312440 0 92621 KENNETH CAUDELL CHIEF TECHNICAL OFFICER 50.00 X 146247 0 67637 CHAD GUIMOND JOURNEYMAN LINEMAN 44.60 X 130370 0 37547 LARRY MCVEY OPERATIONS SUPERVISOR/STAKING 41.50 X 118203 0 111999 BRYAN SOBBA LINE FOREMAN 43.50 X 124451 0 32602 ZACK PEAK SAFETY AND LINE MANAGER 40.00 X 123374 0 83796 1366797 0 766160 19 0 1 0 POOR BOY TREE SERVICE INC 273 EAST 410TH ROAD FAIR PLAY MO 65649 TREE CUTTING AND SPRAYING 832412 KANSAS ELECTRIC COOPERATIVE PO BOX 4267 TOPEKA KS 66604 PROFESSIONAL SERVICES 282445 OSMOSE UTILITIES SERVICES INC PO BOX 117284 ATLANTA GA 30368 POLE TESTING AND CHECKING 255297 JK FENCING LLC 5319 CR 5800 CHERRYVALE KS 67335 TREE/ROW CLEARING 245336 NISC PO BOX 1147 MANDAN ND 58554 COMPUTER SOFTWARE AND SERVICES 214725 5 SALE OF ELECTRICITY 221000 27766327 27766327 CAPITAL CREDITS 221000 338792 338792 OTHER OPERATING REVENUE 221000 164300 164300 RENTAL OF ELECTRIC PROPERTY 221000 40977 40977 28310396 93783 93783 24724 0 24724 24724 24724 131842 0 131842 131842 131842 75858 60281 15577 15577 28576322 28284996 0 291326 6720 3170074 1053603 855926 92069 71064 251307 87486 295727 1124 1437704 2588180 COST OF POWER 12120460 DISTRIBUTION - OPERATIO 2925503 DISTRIBUTION - MAINTENA 2308356 CUSTOMER ACCOUNTS & SER 767827 543192 28576322 1918603 2662372 2663495 2569335 292670 189068 171170 253919 100128906 35307378 62703240 64821528 1207245 1335519 9497810 9719623 168776 168776 5839 5745 78628848 81725885 2906051 2953203 217475 307987 34234831 36606588 2000000 0 607045 613574 39965402 40481352 X 0 0 0 0 38663446 41244533 38663446 41244533 78628848 81725885 X 0 2581087 X 0 1 X 1 0 636855 636855 9393805 1841140 7552665 88892674 33466238 55426436 1205572 1205572 64821528 OTHER COOPERATIVE INVESTMENTS 77948 C KANSAS ELECTRIC POWER COOP 8134363 C KANSAS ELECTRIC COOPERATIVE 26680 C FEDERATED INSURANCE 271394 C COBANK 520325 C COOPERATIVE FINANCE CORPORATION 298056 C NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE 164628 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE 143263 C ARKANSAS ELECTRIC COOPERATIVE 82966 C 9719623 CUSTOMER DEPOSITS 613574 613574 X 28576322 0 28576322 0 28576322 25406248 0 25406248 3170074 3170074 28576322 PART X, LINE 2: IN CONFORMITY WITH ITS BYLAWS, THE COOPERATIVE CONDUCTS ITS OPERATIONS ON A COOPERATIVE BASIS. ANNUAL REVENUE, IN EXCESS OF THE COST OF PROVIDING SERVICE, IS ALLOCATED IN THE FORM OF CAPITAL CREDITS TO THE MEMBERS' CAPITAL ACCOUNTS ON THE BASIS OF PATRONAGE. THE COOPERATIVE HAS A LETTER OF EXEMPTION FROM FEDERAL INCOME TAX, ISSUED BY THE INTERNAL REVENUE SERVICE AND FILES IRS FORM 990 ANNUALLY. AN EVALUATION OF WHETHER IT HAS ANY UNCERTAIN TAX POSITIONS IS DETERMINED ON AN ANNUAL BASIS BY THE COOPERATIVE. WHILE THE COOPERATIVE BELIEVES IT HAS ADEQUATELY PROVIDED FOR ALL TAX POSITIONS, AMOUNTS ASSERTED BY TAXING AUTHORITIES COULD BE DIFFERENT THAN THE POSITIONS TAKEN BY THE COOPERATIVE. THE COOPERATIVE RECOGNIZES ANY INTEREST AND PENALTIES ASSESSED BY TAXING AUTHORITIES IN INCOME TAX EXPENSE. PART XII, LINE 4B - OTHER ADJUSTMENTS: 2023 PATRONAGE ALLOCATION IN 2024 3,170,074. X X 0 1 0 MARK DOEBELE COO 192367 0 0 0 0 0 220092 0 24723 0 437182 0 0 0 DENNIS SVANES CEO 304940 0 7500 0 0 0 69041 0 25205 0 406686 0 0 0 ROGER COLE CFO 163145 0 0 0 0 0 74444 0 22811 0 260400 0 0 0 LARRY MCVEY OPERATIONS SUPERVISOR/STAKING 118203 0 0 0 0 0 88418 0 24787 0 231408 0 0 0 KENNETH CAUDELL CHIEF TECHNICAL OFFICER 146247 0 0 0 0 0 44056 0 24428 0 214731 0 0 0 ZACK PEAK SAFETY AND LINE MANAGER 123374 0 0 0 0 0 60216 0 24841 0 208431 0 0 0 CHAD GUIMOND JOURNEYMAN LINEMAN 130370 0 0 0 0 0 14996 0 23175 0 168541 0 0 0 BRYAN SOBBA LINE FOREMAN 124451 0 0 0 0 0 10052 0 23645 0 158148 0 0 0 PART I, LINE 4B THE CEO, DENNIS SVANES, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION PLAN. CONTRIBUTIONS ADJUSTED FOR GAINS/(LOSSES) IN THIS PLAN WERE $5,575 IN 2023. FORM 990, SCHEDULE J, PART II AS REQUIRED PER THE INSTRUCTIONS OF FORM 990 AND SCHEDULE J, THE AMOUNT REPORTED IN SCHEDULE J COLUMN C IS THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN RATHER THAN THE EXPENSE ON THE BOOKS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 6 ALL ELECTRIC CUSTOMERS ARE VOTING MEMBERS OF THE COOPERATIVE. EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS VOTE FOR THE BOARD OF TRUSTEES AT THE COOPERATIVE'S ANNUAL MEETING. THE BOARD CONSISTS OF 7-14 MEMBERS WITH 3 YEAR TERMS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS VOTE ON CHANGES TO BY-LAWS AND ARTICLES OF INCORPORATION. THERE IS ONE CLASS OF MEMBERSHIP. DISPOSITION OF ALL OR ANY SUBSTANTIAL PORTION OF THE ELECTRIC TRANSMISSION AND DISTRIBUTION SYSTEM MAY NOT OCCUR WITHOUT AUTHORIZATION BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE 990 IN DETAIL. THE BOARD RECEIVES A COPY OF THE 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL MEMBERS OF THE BOARD OF TRUSTEES. THE CEO AND THE BOARD OF TRUSTEES REVIEW THE POTENTIAL CONFLICTS TO DETERMINE IF A CONFLICT EXISTS. IF A CONFLICT EXISTS, THE CONFLICTED BOARD MEMBER OR OFFICER IS EXCLUDED FROM DISCUSSIONS AND VOTING RELATED TO THE POTENTIAL OR EXISTING RELATIONSHIP INVOLVING THE CONFLICT OF INTEREST. THE REMAINING BOARD MEMBERS AND OFFICERS WILL REVIEW, FOR FAIRNESS, ALL PAST TRANSACTIONS INVOLVING THE CONFLICT OF INTEREST. LEGAL REMEDIES WILL BE CONSIDERED IF NEEDED. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES ON AN ANNUAL BASIS. COMPENSATION FOR OTHER OFFICERS IS REVIEWED AND APPROVED BY THE CEO ANNUALLY. BOTH REVIEW AND APPROVAL ARE COMPLETED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -588,987. 2023 PATRONAGE ALLOCATION IN 2024 3,170,074.