2023-11-14T13:59:54-06:00 2022-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2022-01-01 840147605 SOUTHEAST COLORADO POWER ASSOCIATION SOUT 7193842551 PO BOX 521 LA JUNTA CO 81050 KEVIN BRANDON CEO 7193842551 2023-11-13 1 KEVIN BRANDON XXX-XX-XXXX 1 LAURIE HANSON CPA P00851848 6053391999 2023-11-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEVIN BRANDON PO BOX 521 LA JUNTA CO 81050 38737318 0 X WWW.SECPA.COM X 1939 CO PROVIDE ELECTRIC SERVICE TO MEMBERS ON A NOT-FOR-PROFIT BASIS. 7 7 68 0 546519 102657 1047803 0 36454543 37815328 321554 378424 1002788 543566 38826688 38737318 34227 39740 1446749 3602402 1385611 1176764 0 0 0 33084082 34336289 35950669 39155195 2876019 -417877 108651331 110977117 46258343 45582577 62392988 65394540 X OUR PRIMARY MISSION IS TO PROVIDE HIGH QUALITY, RELIABLE, ELECTRIC SERVICE AT A REASONABLE COST TO OUR MEMBERS, IMPROVE THEIR QUALITY OF LIFE THROUGH NEW TECHNOLOGIES AND SERVICES, BE A VISIBLE AND ACTIVE MEMBER OF THE COMMUNITY, AND SERVE OUR MEMBERS WITH RESPECT, COURTESY AND RESPONSIVENESS. 0 0 SOLD AND DISTRIBUTED ELECTRICITY TO RURAL MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 79 0 1 68 1 1 1 0 0 0 0 0 0 38742114 1032928 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X CRAIG MCBRAIN 7193842551 PO BOX 521 LA JUNTA CO 81050 RANDY PHILLIPS PRESIDENT / DIRECTOR (BEG 4/22) 1.50 0.80 X X 6450 0 0 BRAD BUCK DIRECTOR 1.50 0.80 X 6450 0 0 TRUMAN WRIGHT VICE PRES. / PRES. (BEG. 05/22) 1.20 0.65 X X 6375 0 0 LAWRENCE BRASE DIRECTOR 1.50 0.80 X 6900 0 0 CLINT ANDERSON SECRETARY / VP (BEG. 05/22) 0.65 0.35 X X 6450 0 0 MERLIN RUSHTON DIRECTOR / SECRETARY (BEG. 05/22) 1.50 0.80 X X 6300 0 0 KEVIN KARNEY DIRECTOR 1.50 0.80 X 6450 0 0 CRAIG MCBRAIN CHIEF FINANCIAL OFFICER 40.00 X 127463 0 59705 KEVIN BRANDON INTERIM CEO / CEO (BEG. 04/22) 40.00 X 165170 0 133192 MARK HALL CHIEF OPERATING OFFICER 40.00 X 151164 0 133706 KEENAN DAVIS JOURNEYMAN LINEMAN 40.00 X 134683 0 41033 MIKE TRUMBLE LINE SUPERINTENDENT 40.00 X 130478 0 163358 GARRETT WERTZ WORKING FOREMAN 40.00 X 128831 0 63465 JOHN JACKSON WORKING FOREMAN 40.00 X 128542 0 26582 JACK JOHNSTON FORMER CEO 40.00 X 218257 0 0 1229963 0 621041 12 1 1 0 STAMPEDE SERVICES PO BOX 311 WILEY CO 81092 CONTRACT CONSTRUCTION 1231153 ALTITUDE ENERGYLLC PO BOX 359 KEENESBURG CO 80643 CONSTRUCTION 222753 SUNBELT SOLOMON SERVICES 1922 S MLK JR DRIVE TEMPLE TX 76504 TRANSFORMER/OCR/ETC REPAIRS 204102 ASPLUNDH TREE EXPERT CO PO BOX 827464 PHILADELPHIA PA 19182 TREE TRIMMING 196041 4 SALE OF ELECTRICITY 221000 37146383 37146383 CAPITAL CREDITS 221000 370849 370849 RENTAL REVENUE 221000 246000 246000 EQUITY EARNINGS/(LOSSES) 221000 26221 26221 POLE RENTAL REVENUE 221000 25875 25875 37815328 269807 234701 24337 10769 108617 0 108617 108617 108617 MISCELLANEOUS REVENUE 221000 543566 188442 276182 78942 543566 38737318 37992471 546519 198328 X 30740 9000 3602402 722276 454488 1220059 4099663 FEDERAL INCOME TAXES -698 COST OF POWER PURCHASED 21920918 DISTRIBUTION MAINTENANC 2597108 DISTRIBUTION OPERATIONS 2303894 2195345 39155195 790461 1451879 2890890 2770643 176000 147000 1265068 1771533 6919477 6417202 129162011 58792657 68503283 70369354 8668392 8694613 18622407 18619764 815353 735129 108651331 110977117 3368925 2875438 135941 42059029 40314344 0 1557922 830389 698932 46258343 45582577 X 0 0 0 0 0 0 62392988 65394540 108651331 110977117 X -417877 3419429 X 0 1 X 1 0 625927 625927 9345679 1198625 8147054 6289767 4746311 1543456 112900638 52847721 60052917 70369354 INVESTMENT IN SECOM 8694613 C 8694613 FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE PATRONAGE CAPITAL 392866 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE PATRONAGE CAPITAL 166793 C NRUCFC 702407 C OTHER 26795 C WESTERN UNITED ELECTRIC SUPPLY 1133424 C INVESTMENT IN TRI-STATE G&T COOPERATIVE 16197479 C 18619764 DUE TO AFFILIATED COMPANY 1488 CONSUMER DEPOSITS 633823 DEFERRED CREDITS 63621 698932 X 38371846 0 38371846 365472 365472 38737318 35187321 0 35187321 3967874 3967874 39155195 PART X, LINE 2: THE ASSOCIATION IS ORGANIZED UNDER THE COOPERATIVE LAWS OF THE STATE OF COLORADO AND HAS OBTAINED AN EXEMPTION FROM FEDERAL INCOME TAXES UNDER CODE SECTION 501(C)(12). PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY LABOR 22,853. RECLASSIFY EXPENSES OUT OF REVENUE 342,619. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF MEMBER BENEFIT 3,602,402. INTERCOMPANY LABOR 22,853. RECLASSIFY EXPENSES OUT OF REVENUE 342,619. 1 SCHOLARSHIPS 9 9000 PART I, LINE 2: SCHOLARSHIP PAYMENTS ARE MADE PAYABLE TO THE SCHOOL AND THE RECIPIENT. THE SCHOOL WILL PROVIDE CONFIRMATION THAT THE PAYMENT WAS USED FOR TUITION IF REQUESTED BY THE COOPERATIVE. X X 1 0 0 KEVIN BRANDON INTERIM CEO / CEO (BEG. 04/22) 163512 0 0 0 1658 0 108559 0 26127 0 299856 0 0 0 MIKE TRUMBLE LINE SUPERINTENDENT 128841 0 0 0 1637 0 137510 0 27529 0 295517 0 0 0 MARK HALL CHIEF OPERATING OFFICER 149757 0 0 0 1407 0 112454 0 23090 0 286708 0 0 0 JACK JOHNSTON FORMER CEO 0 0 99092 0 119165 0 0 0 0 0 218257 0 0 0 GARRETT WERTZ WORKING FOREMAN 125171 0 0 0 3660 0 36189 0 28472 0 193492 0 0 0 CRAIG MCBRAIN CHIEF FINANCIAL OFFICER 121910 0 5000 0 553 0 31193 0 30064 0 188720 0 0 0 KEENAN DAVIS JOURNEYMAN LINEMAN 132139 0 0 0 2544 0 19781 0 22316 0 176780 0 0 0 JOHN JACKSON WORKING FOREMAN 125520 0 0 0 3022 0 15592 0 12143 0 156277 0 0 0 PART I, LINE 4A JACK JOHNSTON RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $119,165 IN 2022. SCHEDULE J, PART II, COLUMN C COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR EACH PARTICIPANT RATHER THAN THE ACTUAL CONTRIBUTION PAID TO THE PLAN. THE CHANGE IN ACTUARIAL CALUE IN THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KEVIN BRANDON $51,796 - MIKE TRUMBLE $66,765 - MARK HALL $53,998 - GARRET WERTZ $16,414 - CRAIG MCBRAIN $13,619 - KEENAN DAVIS $8,329 - JOHN JACKSON $6,150 THE ACTUAL EXPENSE OF THE ASSOCIATION FOR DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KEVIN BRANDON $22,010 - MIKE TRUMBLE $26,241 - MARK HALL $29,391 - GARRET WERTZ $19,394 - CRAIG MCBRAIN $13,472 - KEENAN DAVIS $10,014 - JOHN JACKSON $10,372 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS INDIVIDUAL, JOINT, AND BUSINESS MEMBERS. EACH MEMBERSHIP IS ALLOWED ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE COOPERATIVE SHALL BE ENTITLED TO VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS. THE BOARD CONSISTS OF 7 DIRECTORS WHO ARE ELECTED BY THE MEMBERSHIP TO SERVE MEMBERS BY RESPONDING TO AND SUPPORTING MEMBER NEEDS. FORM 990, PART VI, SECTION A, LINE 7B MEMBER APPROVAL IS NEEDED FOR ACTIONS RELATED TO CAPITAL CREDITS AND SIGNIFICANT PROPERTY DISPOSITIONS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT AND PAID PREPARER REVIEW DRAFTS OF FORM 990 PRIOR TO FILING. A COPY OF THE 990 IS PROVIDED TO BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: BOARD MEMBERS AND EMPLOYEES ARE COVERED BY THE CONFLICT OF INTEREST POLICY. POTENTIAL CONFLICTS WITH BOARD MEMBERS ARE TAKEN TO THE CEO AND/OR THE BOARD OF DIRECTORS FOR REVIEW. IF A TRANSACTION IS DETERMINED TO BE IN THE BEST INTEREST OF THE ORGANIZATION, A VOTE IS TAKEN TO APPROVE THE TRANSACTION. IF A BOARD MEMBER IS DETERMINED TO HAVE A CONFLICT OF INTEREST, THE BOARD MEMBER IS REQUIRED TO ABSTAIN FROM DISCUSSION AND VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS A SALARY SURVEY FOR COOPERATIVE CEOS, ASSESSING THE CEO PERFORMANCE AND EVALUATING COMPENSATION. FOR OFFICERS' SALARIES, THE HR DEPARTMENT UTILIZES AN INDUSTRY-SPECIFIC SALARY SURVEY TO ASSIST IN EVALUATING ANNUAL SALARY ADJUSTMENTS. THE SALARIES OF BOTH THE CEO AND CFO ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS, RATES, TERMS OF SERVICE, AND TAX RETURNS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. AUDITED AND INTERIM FINANCIAL INFORMATION IS PROVIDED TO COOPERATIVE MEMBERS UPON REQUEST. FORM 990, PART IX, LINE 24E ADMIN AND GENERAL EXPENSES 890,156. COLLECTION EXPENSES 734,836. ALL OTHER EXPENSES 567,453. GENERAL TAXES 2,900. FORM 990, PART XI, LINE 9: UNCLAIMED RETIRED CAPITAL CREDITS 235,481. RETIREMENT OF CAPITAL CREDITS -418,454. ALLOCATION OF MEMBER BENEFIT 3,602,402. SECOMINC 27850 HARRIS ROAD LA JUNTA CO 81050 480707018 TELECOMMUNICATION CO SOUTHEAST COLORADO POWER ASSOCIATION C 13140886 24629441 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 SECOM INC A 270337 BOOK BASIS SECOM INC L 276182 BOOK BASIS SECOM INC Q 59329 BOOK BASIS SECOM INC S 63360 BOOK BASIS