TANNER ELECTRIC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- TANNER ELECTRIC (EIN 91-0330490)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202403219349300215
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T23:11:41-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 750882037 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLINGER SEGARS GILBERT AND MOSS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 NASHVILLE AVENUE | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79423 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 910330490 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TANNER ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TANN | BusinessNameControlTxt |
| Phone | 4258880623 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45715 SE 140TH ST | AddressLine1Txt |
| City | NORTH BEND | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98045 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEVE WALTER | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 4258880623 | PhoneNum |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WILLIAM M MILLER | PreparerPersonNm |
| PTIN | P00439459 | PTIN |
| Phone | 8067473806 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | STEVE WALTER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45715 SE 140TH ST | AddressLine1Txt |
| City | NORTH BEND | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98045 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $13,838,576 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.TANNERELECTRIC.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1936 | FormationYr |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 20 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $31,764 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $12,938,861 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $13,100,359 | CYProgramServiceRevenueAmt |
| PY Investment Income | $61,972 | PYInvestmentIncomeAmt |
| CY Investment Income | $91,763 | CYInvestmentIncomeAmt |
| PY Other Revenue | $148,062 | PYOtherRevenueAmt |
| CY Other Revenue | $646,454 | CYOtherRevenueAmt |
| PY Total Revenue | $13,148,895 | PYTotalRevenueAmt |
| CY Total Revenue | $13,838,576 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $300,000 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $224,435 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,368,429 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,660,785 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,519,665 | PYOtherExpensesAmt |
| CY Other Expenses | $8,874,935 | CYOtherExpensesAmt |
| PY Total Expenses | $12,188,094 | PYTotalExpensesAmt |
| CY Total Expenses | $11,760,155 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $960,801 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,078,421 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $39,195,305 | TotalAssetsBOYAmt |
| Total Assets EOY | $39,734,098 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $24,749,542 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $23,271,855 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $14,445,763 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $16,462,243 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE MISSION OF TANNER ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, SAFE, SUSTAINABLE ELECTRIC POWER AND RELATED SERVICES TO THE COMMUNITIES WE ARE PROUD TO SERVE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 5,317 ACTIVE SERVICES AT YEAR END. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 33 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 20 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Members And Shr Gross Income | $13,672,888 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $525,553 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEVIN BURNS DIRECTOR OF FINANCE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4258880623 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45715 SE 140TH STREET | AddressLine1Txt |
| City | NORTH BEND | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98045 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| MICHAEL HODGE | ||||||||
| PRESIDENT | 3.30 | Yes (X) | Yes (X) | $12,000 | $0 | $0 | ||
| CAROL PASCHAL | ||||||||
| TREASURER | 3.60 | Yes (X) | Yes (X) | $11,200 | $0 | $0 | ||
| JOHN SAATELA | ||||||||
| DIRECTOR | 2.80 | Yes (X) | $6,300 | $0 | $0 | |||
| STEVE NICHOLES | ||||||||
| DIRECTOR | 2.30 | Yes (X) | $5,500 | $0 | $0 | |||
| ROGER GUAY | ||||||||
| VICE PRESIDENT | 2.50 | Yes (X) | Yes (X) | $6,250 | $0 | $0 | ||
| SUSAN SERRETTE-EGAN | ||||||||
| SECRETARY (JAN-FEB) | 0.40 | Yes (X) | Yes (X) | $600 | $0 | $0 | ||
| DAVID MCGOLDRICK | ||||||||
| DIRECTOR | 1.80 | Yes (X) | $5,700 | $0 | $0 | |||
| DUTCH SIEDENTOPF | ||||||||
| SECRETARY | 1.10 | Yes (X) | Yes (X) | $7,000 | $0 | $0 | ||
| KRISTINA MICHAEL | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $3,800 | $0 | $0 | |||
| MALCOLM LYBECK | ||||||||
| DIRECTOR (JUNE-DEC) | 3.60 | Yes (X) | $3,200 | $0 | $0 | |||
| STEVE WALTER | ||||||||
| CEO | 45.00 | Yes (X) | $276,496 | $0 | $171,295 | |||
| KEVIN BURNS | ||||||||
| DIRECTOR OF FINANCE | 45.00 | Yes (X) | $165,879 | $0 | $49,157 | |||
| NICK HIMEBAUCH | ||||||||
| MGR OF OPERATIONS | 40.00 | $181,575 | $0 | $73,322 | Yes (X) | |||
| KYE REFVEM | ||||||||
| LINEMAN | 54.00 | $223,889 | $0 | $24,553 | Yes (X) | |||
| CHAD LOHREY | ||||||||
| LEAD LINEMAN | 50.00 | $212,178 | $0 | $25,411 | Yes (X) | |||
| RORY WALTER | ||||||||
| LINEMAN | 51.00 | $204,532 | $0 | $22,714 | Yes (X) | |||
| BLAINE BARNARD | ||||||||
| LINEMAN | 51.00 | $204,102 | $0 | $23,432 | Yes (X) | |||
| JUSTIN ISACKSON | ||||||||
| FOREMAN | 49.00 | $202,915 | $0 | $52,241 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,733,116 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $442,125 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| JOAQUIN'S TREE EXPERT | |||||
| 13121 112TH AVENUE E | PUYALLUP | WA | 98374 | TREE TRIMMING | $285,829 |
| PUGET SOUND ENERGY | |||||
| PO BOX 91269 | BELIEVUE | WA | 98009 | LINE CONVERSION | $227,736 |
| FURY SITE WORKS | |||||
| PO BOX 2118 | NORTH BEND | WA | 98045 | CONSTRUCTION | $165,403 |
| SPECIALTY ENGINEERING | |||||
| 3305 ARTIC BLVD SUITE 201 | ANCHORAGE | AK | 99503 | TRANSFORMER REPAIR & MAINTENANCE | $131,159 |
| GATES UNDERGROUND LLC | |||||
| PO BOX 465 | MCKENNA | WA | 98558 | UNDERGROUND BORING CONTRACTOR | $105,568 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALES OF ELECTRICITY | 221000 | $12,937,538 | $12,937,538 |
| PATRONAGE DIVIDENDS | 221000 | $93,789 | $93,789 |
| SERVICE FEES | 221000 | $69,032 | $69,032 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $13,100,359 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $51,476 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $31,764 | UnrelatedBusinessRevenueAmt |
| Exclusion | $19,712 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $40,287 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $40,287 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $40,287 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $40,287 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| EMPLOYEE RETENTION CREDIT | 221000 | $362,509 | $362,509 | |
| POLE ATTACHMENT INCOME | 221000 | $265,862 | $265,862 | |
| MISC. NON-OPERATING REVENUE | 221000 | $18,083 | $18,083 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $646,454 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,838,576 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,521,238 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $31,764 | UnrelatedBusinessRevenueAmt |
| Exclusion | $285,574 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $224,435 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $979,274 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,299,798 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,684 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,653 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,376 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $937,485 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,728,614 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $3,683,652 |
| ADMIN & GENERAL EXPENSE | $981,992 |
| DISTRIBUTION EXPENSE | $750,196 |
| TAXES | $612,693 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $180,303 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,760,155 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $567,699 | BOYAmt |
| EOY | $1,367,693 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,582,559 | BOYAmt |
| EOY | $3,046,131 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,034,327 | BOYAmt |
| EOY | $1,092,632 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,174 | BOYAmt |
| EOY | $82,886 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $59,344,518 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $26,001,616 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,542,141 | BOYAmt |
| EOY | $33,342,902 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,173,592 | BOYAmt |
| EOY | $589,503 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $204,813 | BOYAmt |
| EOY | $212,351 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,195,305 | BOYAmt |
| EOY | $39,734,098 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,299,308 | BOYAmt |
| EOY | $1,358,318 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,726 | BOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,752,747 | BOYAmt |
| EOY | $21,452,745 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $694,761 | BOYAmt |
| EOY | $460,792 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,749,542 | BOYAmt |
| EOY | $23,271,855 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,290 | BOYAmt |
| EOY | $24,050 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,422,473 | BOYAmt |
| EOY | $16,438,193 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,445,763 | BOYAmt |
| EOY | $16,462,243 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,195,305 | BOYAmt |
| EOY | $39,734,098 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,078,421 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$61,940 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $393,530 | OtherCostOrOtherBasisAmt |
| Book Value | $393,530 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,894,727 | OtherCostOrOtherBasisAmt |
| Depreciation | $720,125 | DepreciationAmt |
| Book Value | $6,174,602 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $50,842,797 | OtherCostOrOtherBasisAmt |
| Depreciation | $24,612,689 | DepreciationAmt |
| Book Value | $26,230,108 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,213,464 | OtherCostOrOtherBasisAmt |
| Depreciation | $668,802 | DepreciationAmt |
| Book Value | $544,662 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $33,342,902 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| CUSTOMER DEPOSITS | $33,710 |
| ACCRUED DEFERRED COMPENSATION | $303,692 |
| DEFERRED CREDIT - EDUCATION FUND | $62,634 |
| OTHER DEFERRED CREDITS | $60,756 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $460,792 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | THE COOPERATIVE HAS PUT INTO PLACE AN "OPERATION ROUND-UP" PLAN. MEMBERS WHO WISH TO PARTICIPATE IN THE PLAN VOLUNTARILY ROUND THEIR ELECTRIC BILLS UP TO THE NEAREST WHOLE DOLLAR. THE DIFFERENCE IS USED TO FUND THE PLAN. THE "OPERATION ROUND-UP" FUNDS ARE MAINTAINED IN A SEPARATE LIABILITY ACCOUNT, AND ALL DONATIONS ARE PLACED IN A TRUST ADMINISTERED BY THE SALVATION ARMY. THE FUNDS ARE AVAILABLE TO HELP INDIVIDUALS AND FAMILIES IN THE COOPERATIVE'S SERVICE AREA. |
| PART X, LINE 2: | THE COOPERATIVE FOLLOWS THE "UNCERTAIN TAX POSITIONS AND PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS ITS FILING STATUS AS A TAX-EXEMPT ENTITY. THE COOPERATIVE HAS DETERMINED THAT IS IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE COOPERATIVE FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES BEFORE 2017. |
| PART VIII: | THE AMOUNT OF INVESTMENTS-PROGRAM RELATED ON FORM 990, PAGE 11, PART X, LINE 13 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART VIII HAS BEEN LEFT BLANK. PART IX: THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STEVE WALTER | ||||||||||||||
| CEO | $250,643 | $0 | $0 | $0 | $25,853 | $0 | $132,100 | $0 | $39,195 | $0 | $447,791 | $0 | $0 | $0 |
| JUSTIN ISACKSON | ||||||||||||||
| FOREMAN | $199,708 | $0 | $653 | $0 | $2,554 | $0 | $20,215 | $0 | $32,026 | $0 | $255,156 | $0 | $0 | $0 |
| NICK HIMEBAUCH | ||||||||||||||
| MGR OF OPERATIONS | $179,711 | $0 | $1,306 | $0 | $558 | $0 | $41,296 | $0 | $32,026 | $0 | $254,897 | $0 | $0 | $0 |
| KYE REFVEM | ||||||||||||||
| LINEMAN | $219,552 | $0 | $660 | $0 | $3,677 | $0 | $13,045 | $0 | $11,508 | $0 | $248,442 | $0 | $0 | $0 |
| CHAD LOHREY | ||||||||||||||
| LEAD LINEMAN | $211,278 | $0 | $660 | $0 | $240 | $0 | $13,903 | $0 | $11,508 | $0 | $237,589 | $0 | $0 | $0 |
| BLAINE BARNARD | ||||||||||||||
| LINEMAN | $203,299 | $0 | $653 | $0 | $150 | $0 | $11,924 | $0 | $11,508 | $0 | $227,534 | $0 | $0 | $0 |
| RORY WALTER | ||||||||||||||
| LINEMAN | $203,729 | $0 | $653 | $0 | $150 | $0 | $11,206 | $0 | $11,508 | $0 | $227,246 | $0 | $0 | $0 |
| KEVIN BURNS | ||||||||||||||
| DIRECTOR OF FINANCE | $163,704 | $0 | $1,421 | $0 | $754 | $0 | $25,426 | $0 | $23,731 | $0 | $215,036 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | PURSUANT TO APPLICABLE TRAVEL POLICIES, THE COOPERATIVE WILL REIMBURSE THE CEO FOR THE COST OF HIS/HER SPOUSE TO ACCOMPANY HIM/HER ON OFFICIAL BUSINESS OF THE COOPERATIVE. STEVE WALTER'S SPOUSE ACCOMANIED HIM ON ONE TRIP DURING THE YEAR. |
| PART II, COLUMN C: | INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. STEVE WALTER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 107,015 EMPLOYER CONTRIBUTION TO 457(B) DEFERRED COMP. PLAN 12,862 EMPLOYER CONTRIBUTION TO 401(K) PLAN 12,223 TOTAL REPORTED IN COLUMN C $ 132,100 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (107,015) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 47,589 EXPENSE TO THE COOPERATIVE $ 72,674 JUSTIN ISACKSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 13,742 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,473 TOTAL REPORTED IN COLUMN C $ 20,215 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (13,742) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 25,720 EXPENSE TO THE COOPERATIVE $ 32,193 NICK HIMEBAUCH: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 24,168 EMPLOYER CONTRIBUTION TO 457(B) DEFERRED COMP. PLAN 8,779 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,349 TOTAL REPORTED IN COLUMN C $ 41,296 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (24,168) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 34,264 EXPENSE TO THE COOPERATIVE $ 51,392 KYE REFVEM: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 7,151 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,894 TOTAL REPORTED IN COLUMN C $ 13,045 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (7,151) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,496 EXPENSE TO THE COOPERATIVE $ 30,390 CHAD LOHREY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 7,867 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,036 TOTAL REPORTED IN COLUMN C $ 13,903 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (7,867) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 25,720 EXPENSE TO THE COOPERATIVE $ 31,756 BLAINE BARNARD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 6,186 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,738 TOTAL REPORTED IN COLUMN C $ 11,924 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (6,186) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,496 EXPENSE TO THE COOPERATIVE $ 30,234 RORY WALTER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 5,451 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,755 TOTAL REPORTED IN COLUMN C $ 11,206 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (5,451) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,496 EXPENSE TO THE COOPERATIVE $ 30,251 KEVIN BURNS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 9,787 EMPLOYER CONTRIBUTION TO 457(B) DEFERRED COMP. PLAN 8,024 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,615 TOTAL REPORTED IN COLUMN C $ 25,426 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (9,787) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 30,457 EXPENSE TO THE COOPERATIVE $ 46,096 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RORY WALTER | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | FAMILY - OFFICER (S. WALTER) | RelationshipDescriptionTxt |
| Transaction | $204,532 | TransactionAmt |
| Transaction | EMPLOYMENT | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (19 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 19 - REVENUE LESS EXPENSES | IN GENERAL, WHEN AN ELECTRIC COOPERATIVE BASES THE PATRONAGE DIVIDEND CALCULATION ON ITS NET BOOK INCOME/(LOSS), PAGE 1, PART I, LINE 19 - REVENUE LESS EXPENSES - WILL BE $0. FOR THE CURRENT YEAR, LINE 19 REPORTS NET INCOME OF $2,078,421 WHICH IS THE AMOUNT BY WHICH THE PATRONAGE DIVIDEND CALCUALTION WAS REDUCED TO COVER THE CURRENT AND PRIOR YEAR LOSSES. THE FOLLOWING IS PROVIDED TO FURTHER EXPLAIN THE IMPACT OF THIS TRANSACTION: 2023 NET MARGIN PER FINANCIAL STATEMENTS $ 2,301,144 BENEFITS PAID TO MEMBERS (I.E. PATRONAGE DIVIDENDS), (224,435) PART 1, LINE 14 EQUITY METHOD LOSS FROM SUBSIDIARY $ 1,711 TOTAL ON PART I, LINE 19 $ 2,078,420 U.S. GAAP REQUIRES THE COOPERATIVE TO RECORD ON ITS BOOKS THE EQUITY METHOD INCOME (LOSS) FROM ITS WHOLLY OWNED SUBSIDIARY. EQUITY METHOD INCOME (LOSS) IS NOT INCOME FOR FORM 990 REPORTING PURPOSES AND HAS BEEN REPORTED AS AN OTHER CHANGE IN NET ASSETS. HOWEVER, THIS LOSS OF $1,711 IS A COMPONENT OF NET BOOK INCOME, ON WHICH THE PATROANGE DIVIDEND IS BASED. INCLUDING THIS LOSS IN THE PATRONAGE DIVIDEND CALCUALTION IS BASED ON THE FACT THAT IT IS ASSOCIATED WITH THE PROVISION OF ELECTRIC ENERGY; THE NET MARGINS OF WHICH ARE SUBJECT TO A PRE-EXISTING OBLIGATION IN THE BYLAWS TO ALLOCATE EQUITABLY TO THE MEMBERS ON A PATROANGE BASIS (I.E. PATRONAGE DIVIDEND). THIS CONNECTION IS MADE DUE TO THE INVESTMENT INTENT OF THE SUBSIDIARY - TO HELP SECURE A SOURCE OF ELECTRIC POWER TO MEET ANTICIPATED DEMANDS THAT, AT THE TIME OF THE INVESTMENT, THE CURRENT WHOLESALE POWER SUPPLIER WAS UNABLE TO MEET. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION ADDITIONALLY, THE MEMBERS OF THE COOPERATIVE MAY AMEND THE BYLAWS BY PETITION OF AT LEAST 5% AND AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERSHIP ATTENDING THE ANNUAL MEETING. BYLAW AMENDMENTS INITIATED BY MEMBER PETITION SHALL NOT BE AMENDED BY THE BOARD OF DIRECTORS EXCEPT BY APPROVAL OF A MAJORITY OF MEMBERS IN ATTENDANCE AT THE SUBSEQUENT ANNUAL MEETING. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO". |
| FORM 990, PART VI, SECTION B, LINE 11B | MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION AND REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | DIRECTORS, EMPLOYEE OFFICERS, AND KEY EMPLOYEES, IF ANY, ARE REQUIRED TO REVIEW VENDORS, ORGANIZATIONS AND RELATIONSHIPS ANNUALLY AND DECLARE CONFLICTS OF INTEREST THAT ARE PROHIBITED BY COOPERATIVE POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | MULTIPLE EXTERNAL INDUSTRY SOURCES ARE USED FOR WAGE COMPARISONS AND BENCHMARKING. CEO COMPENSATION IS BASED ON INDUSTRY COMPARISON AND INDEPENDENT SURVEYS, AND ARE REVIEWED AND APPROVED BY THE PERSONNEL COMMITTEE. UPON APPROVAL, THE COMMITTEE RECOMMENDS TO THE FULL BOARD IN EXECUTIVE SESSION THE CEO COMPENSATION PACKAGE. A COMPENSATION SURVEY IS UTILIZED WHEN DETERMINING AND APPROVING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEE, IF ANY. ALL SALARIES, WAGES, AND ADJUSTMENTS ARE APPROVED BY THE CEO. |
| FORM 990, PART VI, SECTION C, LINE 19 | AUDITED FINANCIAL STATEMENTS, BOARD POLICIES (INCLUDING CONFLICT OF INTEREST), AND CERTAIN OTHER ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST. THE COOPERATIVE ALSO HOLDS AN ANNUAL MEETING OF THE MEMBERSHIP AND PROVIDES FINANCIAL AND OTHER INFORMATION AT THE MEETING. ADDITIONALLY, THE COOPERATIVE'S BYLAWS CAN ALSO BE FOUND ON THE COOPERATIVE'S WEBSITE AT WWW.TANNERELECTRIC.COOP/TEC-BYLAWS. |
| FORM 990, PARTS VI & VII: | THE COOPERATIVE ANNUALLY PROVIDES EACH DIRECTOR WHO SERVED ON THE BOARD DURING THE YEAR A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES AND TIME LOGS ARE USED TO COMPLETE THE APPLICABLE QUESTIONS ON THE FORM 990 PERTAINING TO BUSINESS RELATIONSHIPS AMONG DIRECTORS, OFFICERS, AND KEY EMPLOYEES, AS WELL AS TO DETERMINE IF THERE ARE ANY TRANSACTIONS WHICH MUST BE REPORTED IN DETAIL ON SCHEDULE L - "TRANSACTIONS WITH INTERESTED PERSONS". IF THE COOPERATIVE WAS UNABLE TO OBTAIN A COMPLETED QUESTIONNAIRE, THE COOPERATIVE RELIED UPON THE COMPLETED INFORMATION FOR THE PRIOR YEAR. DIRECTOR SUSAN SERRETTE-EGAN'S PRIOR YEAR QUESTIONNAIRE WAS RELIED UPON WHILE PREPARING THIS RETURN. THERE WERE NO KNOWN CHANGES FROM 2022 TO 2023. |
| FORM 990, PART VII, COLUMN F: | IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS, INCLUDING OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES. THE COOPERATIVE ALSO PROVIDES HEALTH, DENTAL, VISION AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE EMPLOYEE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN, THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE DEFINED CONTRIBUTION PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. |
| FORM 990, PART VIII, LINE 2: | PATRONAGE DIVIDENDS RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. |
| FORM 990, PART IX: | ALTHOUGH THE COOPERATIVE IS NO LONGER A RURAL UTILITIES SERVICE (RUS) BORROWER, ITS ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS (USOA) PRESCRIBED FOR RUS ELECTRIC BORROWERS. THE USOA GENERALLY DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH ITS ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON THE APPLICABLE LINE BASED ON THE FUNCTIONAL EXPENSE CATEGORIES REQUIRED BY THE USOA. |
| FORM 990, PART IX, LINE 4: | PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2023 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. |
| FORM 990, PART IX, LINES 5-7: | SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 2,279,072 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (61,550) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (220,452) LESS: KEY EMPLOYEE BENEFITS INCLUDED IN LINE 5 (73,322) PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 515,697 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 200,892 TOTAL WAGES ACCRUED AND/OR PAID $ 2,640,337 |
| FORM 990, PART IX, LINE 24: | ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS & OTHER $ 1,430,192 OFFICE SUPPLIES 337,689 OUTSIDE SERVICES 67,354 INSURANCES AND DAMAGES 91,844 ADVERTISING 12,127 MISCELLANEOUS GENERAL 81,603 DIRECTORS 103,709 TRAININGS AND MEETINGS 255,146 DUES AND SUBSCRIPTIONS 6,348 MAINTENANCE OF GENERAL PLANT 100,615 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 2,486,627 LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (61,550) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (1,068,057) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (375,028) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 981,992 |
| FORM 990, PART IX, LINE 24E: | OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: CONSUMER ACCOUNTS $ 97,297 CUSTOMER SERVICE AND INFORMATION 83,009 TOTAL EXPENSES PER LINE 24E $ 180,303 |
| FORM 990, PART XI, LINE 9: | NET CHANGE IN MEMBERSHIPS 760. PATRONAGE CAPITAL ALLOCATED 224,435. PATRONAGE CAPITAL RETIRED - TOTAL -356,580. PATRONAGE CAPITAL RETIRED - UNCLAIMED & RETAINED 71,156. EQUITY METHOD LOSS FROM SUBSIDIARY CORPORATION -1,711. |
| FORM 990, PART XII, LINE 2C: | THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TANNER WIND ENERGY INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45715 SE 140TH ST | AddressLine1Txt |
| City | NORTH BEND | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 98045 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208423637 | EIN |
| Primary Activities | WIND ENERGY PRODUCTION | PrimaryActivitiesTxt |
| Legal Domicile State | WA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TANNER ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $401,034 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $731,741 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| TANNER WIND ENERGYINC | ||
| A | $31,764 | PURSUANT TO PROMISSORY NOTE |
| TANNER WIND ENERGYINC | ||
| S | $100,000 | PROMISSORY NOTE PRINCIPAL PAYMENT |