2025-07-22T09:26:02-05:00 2024-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2024-01-01 460204517 WEST RIVER ELECTRIC ASSN INC WEST 6052792135 PO BOX 412 WALL SD 57790 ROBERT RAKER CEO/GENERAL MANAGER 6052792135 2025-07-22 1 1 LAURIE HANSON CPA P00851848 6053391999 2025-07-22 2024 2025-03-06 01:10:19Z ROBERT RAKER PO BOX 412 WALL SD 57790 49777397 0 X WWW.WESTRIVER.COOP X 1939 SD COOPERATIVE - ELECTRICITY TO MEMBERS 9 9 63 0 65923 57871 0 0 45581289 48647733 303311 210353 25324 98655 45909924 48956741 65989 67479 5353514 4588130 7844019 8552657 0 0 0 32274002 35393420 45537524 48601686 372400 355055 164335708 179291218 111077045 122031313 53258663 57259905 TO SERVE OUR MEMBERS BEST INTERESTS. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 20,674 MEMBERS AND MAINTAINED 2,711.18 MILES OF LINE. ADDED 78.66 MILES OF LINE AND REMOVED 57.26 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 1 257 0 1 63 1 1 1 0 0 0 0 48799494 1400227 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 7.50 0.00 X X 16350 0 10 STAN ANDERS VICE-PRESIDENT 10.00 0.00 X X 14525 0 10 JAMIE LEWIS SECRETARY 7.20 0.00 X X 13300 0 10 CHARLES SLOAN TREASURER 16.50 0.00 X X 16425 0 10 LARRY EISENBRAUN DIRECTOR 6.60 0.00 X 12950 0 6 MARCIA ARNESON DIRECTOR 7.20 0.00 X 16000 0 10 SUE PETERS DIRECTOR 7.60 0.00 X 16100 0 10 PETER BLAKE DIRECTOR 4.60 0.00 X 13075 0 10 HOWARD KNUPPE DIRECTOR (END OCT) 3.80 0.00 X 12175 0 5 STEVEN EDOFF DIRECTOR (BEG OCT) 3.80 0.00 X 3150 0 2 RICHARD JOHNSON CEO / GENERAL MANAGER 60.00 0.00 X 304105 0 230693 DAWN HILGENKAMP CFO / MANAGER OF FINANCE 50.00 0.00 X 160469 0 119045 MIKE LETCHER OPERATIONS MANAGER 50.00 0.00 X 173335 0 70067 LUCAS SCHREURS JOURNEYMAN LINEMAN 50.00 0.00 X 144763 0 22987 JENNY PATTERSON OFFICE MANAGER 50.00 0.00 X 142590 0 64932 LANCE STEIGER STAKING FOREMAN 50.00 0.00 X 138841 0 59715 ROBERT RAKER MANAGER OF COMMUNICATION 50.00 0.00 X 137900 0 75707 1336053 0 643229 35 0 1 0 KAINZ POWERLINES INC PO BOX 748 CUSTER SD 57730 LINE CONSTRUCTION 2122893 BESLER INC PO BOX 1527 RAPID CITY TX 57709 BUILD SUBSTATIONS 986153 RCS CONSTRUCTION INC 1314 FOUNTAIN PLAZA DRIVE RAPID CITY SD 57702 BUILD SUBSTATIONS 514610 ASPLUNDH TREE EXPERT CO 708 BLAIR MILL ROAD WILLOW GROVE PA 19090 TREE TRIMMING 262585 ACCURATE LOCATING SERVICE 3606 HWY 44 5 RAPID CITY SD 57703 UNDERGROUND LOCATING 204733 5 SALE OF POWER 221000 46644141 46644141 G&T CAPITAL CREDITS 221000 1691509 1691509 OTHER OPERATING REVENUE 221000 312083 312083 48647733 205459 205459 191042 125119 65923 65923 65923 7176 2282 4894 4894 4894 725987 693255 32732 32732 48956741 48680465 65923 210353 X 67479 4588130 792705 5853398 1430987 475567 3735459 5309010 UBI TAXES 8517 COST OF POWER 22749554 DISTRIBUTION - OPERATIO 2893758 CUSTOMER ACCOUNTS 1779043 -1081921 48601686 1489336 3099583 4620149 5274725 142500 52500 4752868 6150897 129103 211693 198199218 55187137 131559052 143012081 1607444 625444 20003711 20845990 31545 18305 164335708 179291218 3917785 4240126 17073 17843 103376713 116378447 1500000 0 2265474 1394897 111077045 122031313 X 0 0 0 0 53258663 57259905 53258663 57259905 164335708 179291218 X 355055 3646187 X 0 1 X 1 1 1 0 1 X 890221 890221 16239980 6206801 10033179 22055737 6825846 15229891 159013280 42154490 116858790 143012081 RUSHMORE ELECTRIC POWER COOPERATIVE, INC. 18215765 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 1364196 C FEDERATED RURAL ELECTRIC INSURANCE 366650 C RURAL ELECTRIC SUPPLY COOPERATIVE 596359 C GOLDEN WEST TELECOMMUNICATIONS COOPERATIVE 123465 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE 165550 C OTHER MEMBERSHIPS 14005 C 20845990 CUSTOMER DEPOSITS 464736 DEFERRED CREDITS 482500 LEASE LIABILITY 10282 POSTRETIREMENT BENEFITS 437379 1394897 X 48994270 37529 37529 48956741 0 48956741 44051085 46046 46046 44005039 4596647 4596647 48601686 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 41,952. RECLASSIFICATION OF TAXES -8,517. OTHER RENTAL EXPENSES 4,094. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTEREST EXPENSE ATTRIBUTED TO RENTAL PROPERTY 41,952. OTHER RENTAL EXPENSES 4,094. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2024 MARGINS TO MEMBERS IN 2025 4,588,130. RECLASSIFICATION OF TAXES 8,517. 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 INTENDED AND OUR SPONSORSHIP IS RECOGNIZED FOR THAT EVENT. X X X 0 0 0 RICHARD JOHNSON CEO / GENERAL MANAGER 303605 0 500 0 0 0 204277 0 28220 0 536602 0 0 0 DAWN HILGENKAMP CFO / MANAGER OF FINANCE 159819 0 500 0 150 0 86254 0 33766 0 280489 0 0 0 MIKE LETCHER OPERATIONS MANAGER 172685 0 500 0 150 0 37817 0 33290 0 244442 0 0 0 ROBERT RAKER MANAGER OF COMMUNICATION 137400 0 500 0 0 0 45253 0 31278 0 214431 0 0 0 JENNY PATTERSON OFFICE MANAGER 141940 0 500 0 150 0 37564 0 28221 0 208375 0 0 0 LANCE STEIGER STAKING FOREMAN 138341 0 500 0 0 0 29509 0 30820 0 199170 0 0 0 LUCAS SCHREURS JOURNEYMAN LINEMAN 144113 0 500 0 150 0 9054 0 14492 0 168309 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. CHANGE IN ACTUARIAL VALUE (INCLUDED IN COLUMN C): RICHARD JOHNSON $188,916 DAWN HILGENKAMP $77,846 MIKE LETCHER $25,291 LUCAS SCHREURS $4,206 JENNY PATTERSON $30,351 LANCE STEIGER $23,944 ROBERT RAKER $38,186 ACTUAL EXPENSE OF THE COOPERATIVE: RICHARD JOHNSON $70,380 DAWN HILGENKAMP $37,864 MIKE LETCHER $33,017 LUCAS SCHREURS $21,715 JENNY PATTERSON $33,261 LANCE STEIGER $23,886 ROBERT RAKER $32,023 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 2024 MARGINS TO MEMBERS IN 2025 4,588,130. RETIREMENT OF CAPITAL CREDITS -941,943. 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