2024-10-23T08:07:45-05:00 2023-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2023-01-01 460204517 WEST RIVER ELECTRIC ASSN INC WEST 6052792135 PO BOX 412 WALL SD 57790 RICHARD JOHNSON CEO/GENERAL MANAGER 6052792135 2024-10-22 1 1 LAURIE HANSON CPA P00851848 6053391999 2024-10-22 2023 2024-10-15 13:58:12Z RICHARD JOHNSON PO BOX 412 WALL SD 57790 46663111 0 X WWW.WESTRIVER.COM X 1939 SD COOPERATIVE - ELECTRICITY TO MEMBERS 9 9 67 0 36452 31427 0 0 44576308 45581289 130100 303311 70880 25324 44777288 45909924 0 65989 3343228 5353514 7592819 7844019 0 0 0 33594744 32274002 44530791 45537524 246497 372400 152133230 164335708 103697703 111077045 48435527 53258663 TO SERVE OUR MEMBERS BEST INTERESTS. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 15,230 MEMBERS AND MAINTAINED 2,690 OF MILES. ADDED 28 MILES OF LINE AND REMOVED 26 MILES OF LINE. 0 0 0 0 0 0 0 1 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 227 0 1 67 1 1 1 0 0 0 0 45100857 1372462 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X DAWN HILGENKAMP 6052792135 PO BOX 412 WALL SD 57790 X ANDY MOON PRESIDENT 7.70 X X 17050 0 0 CHARLES SLOAN TREASUERE 13.90 X X 15200 0 0 LARRY EISENBRAUN DIRECTOR 4.80 X 13525 0 0 JAMIE LEWIS SECRETARY 8.00 X X 15200 0 0 MARCIA M ARNESON DIRECTOR 5.70 X 15775 0 0 SUE PETERS DIRECTOR 6.50 X 14875 0 0 STAN ANDERS VICE-PRESIDENT 11.70 X X 16550 0 0 HOWARD KNUPPE DIRECTOR 4.00 X 13175 0 0 JERRY HAMMERQUIST DIRECTOR UNTIL 10/2023 6.00 X 11900 0 0 PETER BLAKE DIRECTOR FROM 10/2023 9.80 X 4500 0 0 RICHARD JOHNSON CEO/GENERAL MANAGER 60.00 X 276758 0 200913 DAWN HILGENKAMP CFO/MANAGER OF FINANCE 50.00 X 150450 0 109551 MIKE LETCHER MANAGER OF OPERATIONS 50.00 X 162009 0 64584 SEAN BESTGEN ELECTRICAL ENGINEER 50.00 X 130567 0 43747 MATT SCHMAHL CONSTRUCTION PROJECT MANAGER 50.00 X 131295 0 110877 JENNY PATTERSON OFFICE SERVICES MANAGER 50.00 X 138182 0 59093 LANCE STEIGER STAKING FORMAN 50.00 X 140915 0 58683 1267926 0 647448 31 0 1 0 KAINZ POWERLINES INC PO BOX 748 CUSTER SD 57730 LINE CONSTRUCTION 1265882 RCS CONSTRUCTION INC 1314 FOUNTAIN PLAZA DRIVE RAPID CITY SD 57702 BUILD SUBSTATIONS 406509 ASPLUNDH TREE EXPERT CO 708 BLAIR MILL ROAD WILLOW GROVE PA 19090 TREE TRIMMING 238659 BESLER INC PO BOX 1527 RAPID CITY SD 57709 BUILD SUBSTATIONS 209002 SUMMIT INC 2830 DEADWOOD AVE N RAPID CITY SD 57709 CONTRACTOR 208369 5 SALE OF POWER 221000 43213647 43213647 CAPITAL CREDITS 221000 2068218 2068218 OTHER OPERATING 221000 299424 299424 45581289 164583 164583 175389 138937 36452 36452 36452 157016 18288 138728 138728 138728 584834 595962 -11128 -11128 45909924 45570161 36452 303311 X 65989 5353514 743370 5398737 1262875 439037 3222804 4734655 UBI TAX 14162 COST OF POWER 20882388 ADMIN & GENERAL 3105908 DISTRIBUTION-OPERATIONS 2632680 -2318595 45537524 2054034 1489336 4856008 4620149 232500 142500 4303043 4752868 148344 129103 184561671 53002619 119256180 131559052 2589444 1607444 18649410 20003711 44267 31545 152133230 164335708 4810068 3917785 16256 17073 94588242 103376713 734808 1500000 3548329 2265474 103697703 111077045 X 0 0 0 0 48435527 53258663 48435527 53258663 152133230 164335708 X 372400 4450736 X 0 1 X 1 0 0 1 X 890221 890221 16288080 5952761 10335319 21486544 6200422 15286122 145896826 40849436 105047390 131559052 RUSHMORE ELECTRIC POWER COOPERATIVE, INC. 17555158 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 1368037 C FEDERATED RURAL ELECTRIC INSURANCE 368282 C RURAL ELECTRIC SUPPLY COOPERATIVE 411691 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE 164772 C OTHER MEMBERSHIPS 14023 C GOLDEN WEST TELECOMMUNICATIONS COOPERATIVE 121748 C 20003711 CUSTOMER DEPOSITS 466349 DEFERRED CREDITS 1371954 POSTRETIREMENT BENEFITS 395747 OTHER LIABILITIES 7902 LEASE LIABILITY 23522 2265474 X 45939527 29603 29603 45909924 0 45909924 40213613 43765 43765 40169848 5367676 5367676 45537524 PART IV, LINE 2B: THE COOPERATIVE COLLECTS MONEY FROM MEMBERS FOR THE WEST RIVER CHARITABLE TRUST INC. THE TRUST HAS A SEPARATE BOARD OF DIRECTORS THAT IS RESPONSIBLE FOR DISTRIBUTING THE FUNDS. PART X, LINE 2: THE ASSOCIATION 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 ASSOCIATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO THE UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST EXPENSE ATTRIBUTED TO RENTAL PROPERTY 43,765. RECLASSIFICATION OF TAXES -14,162. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTEREST EXPENSE ATTRIBUTED TO RENTAL PROPERTY 43,765. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2023 MARGINS TO MEMBERS IN 2024 5,353,514. RECLASSIFICATION OF TAXES 14,162. 1 SD ELLSWORTH DEVELOPMENT PO BOX 477 RAPID CITY SD 57709 271166754 10000 0 SPONSORSHIP 0 1 PART I, LINE 2: OUR BOARD OF DIRECTORS WILL APPROVE ALL GRANTS/SPONSORSHIPS BEFORE THEY ARE MADE. ONCE THEY ARE MADE, WE FOLLOW UP WITH THE EVENT TO MAKE SURE THE FUNDS ARE BEING USED AS PROMISED AND OUR SPONSORSHIP IS ADVERTISED FOR THAT EVENT. X X X 0 0 0 RICHARD JOHNSON CEO/GENERAL MANAGER 276258 0 500 0 0 0 174983 0 27653 0 479394 0 0 0 DAWN HILGENKAMP CFO/MANAGER OF FINANCE 149950 0 500 0 0 0 76958 0 33558 0 260966 0 0 0 MATT SCHMAHL CONSTRUCTION PROJECT MANAGER 130795 0 500 0 0 0 78907 0 32791 0 242993 0 0 0 MIKE LETCHER MANAGER OF OPERATIONS 161509 0 500 0 0 0 32590 0 33022 0 227621 0 0 0 LANCE STEIGER STAKING FORMAN 140415 0 500 0 0 0 27025 0 32278 0 200218 0 0 0 JENNY PATTERSON OFFICE SERVICES MANAGER 137682 0 500 0 0 0 34347 0 25604 0 198133 0 0 0 SEAN BESTGEN ELECTRICAL ENGINEER 130067 0 500 0 0 0 12975 0 31618 0 175160 0 0 0 SCHEDULE J, PART II, COLUMN C COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN FOR EACH PERSON REQUIRED TO BE REPORTED. ACTUAL EXPENSE OF THE COOPERATIVE MAY BE MORE OR LESS THAN THE CHANGE IN THE ACTUARIAL VALUE. RICHARD JOHNSON: CHANGE IN ACTUARIAL VALUE INCLUDED IN COLUMN C IS $163,816. ACTUAL EXPENSE OF THE COOPERATIVE IS $63,882. DAWN HILGENKAMP: CHANGE IN ACTUARIAL VALUE INCLUDED IN COLUMN C IS $70,634. ACTUAL EXPENSE OF THE COOPERATIVE IS $35,751. MIKE LETCHER: CHANGE IN ACTUARIAL VALUE INCLUDED IN COLUMN C IS $22,516. ACTUAL EXPENSE OF THE COOPERATIVE IS $30,926. LANCE STEIGER: CHANGE IN ACTUARIAL VALUE INCLUDED IN COLUMN C IS $22,643. ACTUAL EXPENSE OF THE COOPERATIVE IS $22,801. JENNY PATTERSON: CHANGE IN ACTUARIAL VALUE INCLUDED IN COLUMN C IS $28,700. ACTUAL EXPENSE OF THE COOPERATIVE IS $31,667. SEAN BESTGEN: CHANGE IN ACTUARIAL VALUE INCLUDED IN COLUMN C IS $7,537 ACTUAL EXPENSE OF THE COOPERATIVE IS $31,361. MATT SCHMAHL: CHANGE IN ACTUARIAL VALUE INCLUDED IN COLUMN C IS $73,423 ACTUAL EXPENSE OF THE COOPERATIVE IS $30,287. FORM 990, PART VI, SECTION A, LINE 6 1 CLASS OF MEMBERS. ALL COOPERATIVE MEMBERS WITH EQUAL VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS HAVE EQUAL VOTING RIGHTS TO VOTE FOR MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B BYLAWS AND ARTICLES OF INCORPORATION CHANGES MUST BE APPROVED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B REVIEW WILL BE DONE AT THE REGULAR BOARD MEETING PRIOR TO SIGNING THE FINAL FORM. THE GENERAL MANAGER AND DIRECTOR OF FINANCE WILL REVIEW THE FORM 990 WITH THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND EMPLOYEES ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE DETERMINATION OF WHETHER A CONFLICT EXISTS, AND FOR REVIEW OF POTENTIAL CONFLICTS. BOARD MEMBERS WITH CONFLICTS OF INTEREST MUST ABSTAIN FROM DISCUSSION AND VOTING ON THE ITEM. DIRECTORS ARE ASKED ANNUALLY TO DOCUMENT ANY CONFLICTS THEY MAY HAVE. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT CONSULTANT, UTILIZING NATIONAL AND REGIONAL WAGE INFORMATION FOR EACH POSITION WITHIN THE COOPERATIVE, PROVIDES A RECOMMENDATION FOR COMPENSATION TO THE BOARD OF DIRECTORS. THE BOARD REVIEWS THE RECOMMENDATIONS AND PROVIDES FINAL APPROVAL. THE PROCESS IS COMPLETED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST AND ON OUR WEBSITE. 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/GENERAL MANAGER, CFO/MANAGER OF FINANCE, MANAGER OF OPERATIONS, MARKETING MANAGER, OFFICE SERVICES MANAGER, STAKING FOREMAN AND CONSTRUCTION PROJECT MANAGER. 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. FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES: THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 5-10 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. FORM 990, PART XI, LINE 9: ALLOCATION OF 2023 MARGINS TO MEMBERS IN 2024 5,353,514. RETIREMENT OF CAPITAL CREDITS -902,778. WEST RIVER ELECTRIC CHARITABLE TRUST INC PO BOX 412 WALL SD 57790 460454370 CHARITABLE SD 501(C)(3) LINE 7 WEST RIVER ELECTRIC ASSOCIATION INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0