2023-11-13T19:21:06-07:00 2022-12-31 990 2022-01-01 840312795 SAN LUIS VALLEY RURAL ELECTRIC COOPERATIVE INC SANL 7198523538 PO Box 3625 Monte Vista CO 81144 JoAn Waudby CFO 7198526631 2023-11-13 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z JoAn R Waudby 23495 State Highway 371 La Jara CO 81140 41358520 0 X www.slvrec.com X 1937 CO Sales of Electricity on a cooperative basis 7 7 61 0 0 0 0 0 40477929 41114781 85483 194478 21248 21290 40584660 41330549 0 0 1325476 842776 6132634 6258964 0 0 0 33126550 34228809 40584660 41330549 0 0 146227571 151737878 92594031 97950073 53633540 53787805 Sales of Electric power to Members. WE had 13,066 meters in place at the end of 2022. 0 0 35506586 35506586 Sales of Electricty on a cooperative basis 5823963 5823963 Broadband Service on a patronage basis 0 0 0 41330549 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 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 1 208 0 61 1 0 0 0 0 0 40358226 972323 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X San Luis Valley Rural Electric Cooperative Inc 7198523538 3625 US Hwy 160 W Monte Vista CO 81144 Loren Howard Chief Executive Officer 40 X X 289396 0 69073 JoAn Waudby Treasurer / Chief Financial Officer 40 X 183374 0 51712 Marvin Martinez Area Serviceman 57 0 X 162459 0 55230 Stacy Valdez Manager of Customer Service and Billing 42 0 X 154701 0 52066 Ryan Christensen Working Foremen 48 0 X 155448 0 50241 Michelle Trujillo Assistant Secretary / Human Resource Manager 40 0 X X 156694 0 47913 Monroe Johnson Chief Technology Officer 45 0 X 150466 0 54097 Shawn McKibbon Chief Operating Officer 45 X 148846 0 53582 Randy Magnuson Working Foremen 46 X 152619 0 44139 Kevin McCaroll Area Serviceman 51 X 141991 0 49173 Wade Warman Working Foreman 43 0 X 135011 0 50543 Terry Daley Engineering Manager 45 0 X 136272 0 43809 Scott Wolf Director 3 8 X 26686 23000 0 Keenan Anderson Vice President 2 0 X X 27586 0 0 Carol Lee Dugan Board President 2 X 19657 0 0 Stephen Valdez Secretary 3 2 X X 13908 3000 0 Wade Lockhart Director 1 X X 5365 0 0 Cole Wakasugi Director 3 0 X 4070 0 0 Creede Hargraves Director 2 X 3760 0 0 2068309 26000 621578 28 0 1 0 JKL Associates Inc PO Box 80046 Billings MT 59108 Construction 1314054 Leidos Engineering LLC PO Box 223058 Pittsburgh PA 15251 Engineering 360043 Hoot Communications 9586 East I-25 Frontage Road Longmont CO 80504 Construction - Splicing 407257 Asplundh Tree Expert PO Box 827464 Philadelphia PA 19182 Right of Way Clearing 477293 National Power LIne 19820 North 7th Ave Suite 120 Phoenix AZ 85027 Construction 414628 10 0 Electric Sales 221122 34447557 34447557 0 0 Capital Credit Revenue 221122 776497 776497 0 0 Broadband Revenue 513300 5665962 5665962 0 0 Warehouse Sales 221122 46688 46688 0 0 Fee and Service Revenue 221122 147564 147564 0 0 30513 30513 0 0 41114781 89875 0 0 89875 0 0 0 0 0 0 0 0 6157 15133 0 0 6157 15133 21290 0 0 21290 0 132574 0 27971 0 104603 104603 0 0 104603 0 41330549 41114781 0 215768 842776 1702111 0 2527408 446882 1279142 303421 97696 83636 196062 222975 74730 3638144 0 5803031 222940 Distribution Expense 3404222 Customer Accounts and Service Expense 774906 Broadband Expense 1692378 Power Cost 17835510 182579 41330549 0 0 0 424667 983319 360663 640469 4358735 5118621 5528959 6058486 560465 1392891 174367580 64686234 105096389 109681346 1026150 825345 0 22824141 23001176 54990 151245 5992412 3884980 146227571 151737878 5957965 5433240 0 0 41104 33274 0 0 0 84791752 90087724 0 1803210 2395835 92594031 97950073 X 0 0 0 0 53633540 53787805 53633540 53787805 146227571 151737878 X 0 0 0 0 0 154265 X 1 X 1 X 1 0 98703 0 98703 8547954 0 3236862 5311092 0 0 0 0 57489085 0 18149012 39340073 108231838 0 43300360 64931478 109681346 Investments in Associated Organizations 23001176 C 23001176 0 Consumer Deposit 486198 Capital Lease obligation 98884 Retirement Obligations 30477 Deferred Credits 1780276 2395835 41393916 0 0 0 63367 63367 41330549 0 0 0 41330549 41393916 0 0 0 63367 63367 41330549 0 0 0 41330549 Schedule D, Part XI, Line 2d AFUDC deduction on Interest expense deduction auditor requires this to be revenue not an expense deduction. Schedule D, Part XII, Line 2d AFUDC was recorded as a reduction in expense and was moved to revenue in Audited Financials X X X 0 0 0 Loren Howard Chief Executive Officer 289396 0 0 0 0 0 50490 0 18583 0 358469 0 0 0 JoAn Waudby Treasurer / Chief Financial Officer 179859 0 3515 0 0 0 32453 0 19259 0 235086 0 0 0 Shawn McKibbon Chief Operating Officer 146011 0 2835 0 0 0 27225 0 26356 0 202427 0 0 0 Marvin Martinez Area Serviceman 160394 0 2065 0 0 0 30802 0 24428 0 217689 0 0 0 Stacy Valdez Manager of Customer Service and Billing 151860 0 2841 0 0 0 25708 0 26358 0 206767 0 0 0 Michelle Trujillo Assistant Secretary / Human Resource Manager 153708 0 2986 0 0 0 29156 0 18757 0 204607 0 0 0 Ryan Christensen Working Foremen 152910 0 2538 0 0 0 29298 0 20943 0 205689 0 0 0 Randy Magnuson Working Foremen 150081 0 2538 0 0 0 27567 0 16572 0 196758 0 0 0 Monroe Johnson Chief Technology Officer 147366 0 3100 0 0 0 27474 0 26623 0 204563 0 0 0 Terry Daley Engineering Manager 133444 0 2828 0 0 0 25081 0 18728 0 180081 0 0 0 Wade Warman Working Foreman 132473 0 2538 0 0 0 25757 0 24786 0 185554 0 0 0 Kevin McCaroll Area Serviceman 139925 0 2066 0 0 0 24846 0 24327 0 191164 0 0 0 Form 990, Part VI, Section A, Line 6 San Luis Valley Rural Electric has 7,912 members Form 990, Part VI, Section A, Line 7a Members elect the 7 board members at our Annual Meeting. They can vote in person or by mail Form 990, Part VI, Section A, Line 7b Bylaw changes are approved by members at Annual Meeting Form 990, Part VI, Section B, Line 11b Form 990 is given to board members and reviewed at board meeting Form 990, Part VI, Section B, Line 12c Once a year have board fill out questionnaire and sign it Form 990, Part VI, Section B, Line 15 CEO compensation is set by board of directors using compensation surveys CFO and other Executive staff is determined through NRECA Compensate program based on comparative data and responsibility of position Form 990, Part VI, Section C, Line 19 By-laws are on website other information is given upon request Form 990, Part XI, Line 9 Capital Credit Refunds to members and allocated patronage capital