2021-11-09T07:57:05-06:00 2020-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2020-01-01 840147605 SOUTHEAST COLORADO POWER ASSOCIATION SOUT 7193842551 PO BOX 521 LA JUNTA CO 81050 CRAIG MCBRAIN CFO 7193842551 2021-11-08 1 CRAIG MCBRAIN 999009999 LAURIE HANSON CPA P00851848 6053391999 2021-11-08 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z KEVIN BRANDON PO BOX 521 LA JUNTA CO 81050 35757995 0 X WWW.SECPA.COM X 1939 CO PROVIDE ELECTRIC SERVICE TO MEMBERS ON A NOT-FOR-PROFIT BASIS. 7 7 58 0 650546 215035 0 0 31770956 35471007 127965 263095 -1116316 -70292 30782605 35663810 0 18962 1149440 1394425 4909464 1344320 0 0 0 25782524 32374310 31841428 35132017 -1058823 531793 103041654 107112444 48822966 48945478 54218688 58166966 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 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 73 0 58 1 1 1 0 0 0 0 0 0 34498254 913990 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 KEVIN KARNEY PRESIDENT UNTIL 04/2020; DIRECTOR 2.20 1.20 X X 4500 3000 0 RANDY PHILLIPS PRESIDENT FROM 05/2020; DIRECTOR 1.50 0.80 X X 3300 3000 0 BRAD BUCK VICE PRES UNTIL 04/2020; DIRECTOR 1.50 0.80 X X 3150 3000 0 TRUMAN WRIGHT VICE PRESIDENT FROM 05/2020 1.20 0.65 X X 3750 3000 0 LAWRENCE BRASE SECRETARY UNTIL 04/2020 1.50 0.80 X X 3450 3000 0 CLINT ANDERSON SECRETARY FROM 05/2020 0.65 0.35 X X 3150 3000 0 MERLIN RUSHTON BOARD MEMBER FROM 09/2020 1.50 0.80 X 1000 1000 0 WILLIAM GRASMICK BOARD MEMBER UNTIL 06/2020 1.35 0.75 X 1650 1500 0 JACK JOHNSTON CEO 27.00 13.00 X 318353 0 112445 JOSEPH MICHALEWICZ CFO UNTIL 06/2020 27.00 13.00 X 63991 0 10649 CRAIG MCBRAIN CFO FROM 12/2020 29.70 14.30 X 20879 0 1111 MARK HALL COO 45.00 0.00 X 132982 0 56388 HEATH PIPER WORKING FOREMAN 55.00 0.00 X 130610 0 26138 MICHAEL TRUMBLE LINE SUPERINTENDENT 45.00 0.00 X 116309 0 71073 KYLE MAIER JOURNEYMAN / SERVICEMAN 49.00 0.00 X 117679 0 30499 BRUCE BARNHART WORKING FOREMAN 48.00 0.00 X 115392 0 26165 1040145 20500 334468 16 0 1 0 ALTITUDE ENERGYLLC PO BOX 359 KEENESBURG CO 80643 CONSTRUCTION 1294195 ASPLUNDH TREE EXPERT LLC ASPLUNDH TREE EXPERT LLC PHILADELPHIA PA 19182 TREE TRIMMING 162039 SOLOMON TRANSFORMERS LLC PO BOX 245 SOLOMON KS 67480 TRANSFORMER/OCR/ETC REPAIRS 124216 3 SALE OF ELECTRICITY 221000 33251066 33251066 MISCELLANEOUS REVENUE 221000 1368940 718394 650546 CAPITAL CREDITS 221000 738391 738391 POLE RENTAL REVENUE 221000 112610 112610 35471007 187280 187280 170000 94185 75815 75815 75815 EQUITY EARNINGS/LOSSES 221000 -70292 -70292 -70292 35663810 34750169 650546 263095 13962 5000 1394425 559285 785035 1302038 3701965 COST OF POWER PURCHASED 20514846 DISTRIBUTION MAINTENANC 2688705 DISTRIBUTION OPERATIONS 2007592 COLLECTION EXPENSES 799465 1359699 35132017 662886 884446 58395 3058680 2400994 170000 1386564 1158315 625925 7302615 121908897 53731864 63692187 68177033 7735907 7665605 18597035 18348873 7224075 1004563 103041654 107112444 6385156 3041412 42437810 43737920 1343181 0 822965 48822966 48945478 X 0 0 0 0 0 0 54218688 58166966 103041654 107112444 X 531793 2155653 1260832 X 0 1 X 1 0 626427 626427 9119831 741209 8378622 6357886 4410643 1947243 105804753 48580012 57224741 68177033 INVESTMENT IN SUBDIARY 7665605 C 7665605 NRUCFC 614890 C TRI-STATE G&T COOPERATIVE 16187842 C WESTERN UNITED ELECTRIC SUPPLY 1047212 C FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE PATRONAGE CAPITAL 299034 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE PATRONAGE CAPITAL 143762 C OTHER 56133 C 18348873 DUE TO AFFILIATED COMPANY 246850 CONSUMER DEPOSITS 576115 822965 X 35220868 0 35220868 442942 442942 35663810 33294650 0 33294650 1837367 1837367 35132017 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 47,146. RECLASSIFY EXPENSES OUT OF REVENUE 395,796. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF MEMBER BENEFIT 1,394,425. INTERCOMPANY LABOR 47,146. RECLASSIFY EXPENSES OUT OF REVENUE 395,796. X 1 1 X X 0 1 0 JACK JOHNSTON CEO 278011 0 36119 0 4223 0 84168 0 31779 0 434300 0 0 0 MARK HALL COO 132103 0 0 0 879 0 36374 0 21593 0 190949 0 0 0 MICHAEL TRUMBLE LINE SUPERINTENDENT 114623 0 0 0 1686 0 46464 0 26071 0 188844 0 0 0 HEATH PIPER WORKING FOREMAN 123750 0 0 0 6860 0 3725 0 23540 0 157875 0 0 0 PART I, LINE 1A COOPERATIVE REIMBURSES FOR HEALTH CLUB DUES FOR ALL EMPLOYEES THROUGH A WELLNESS COMMITTEE. PART I, LINE 4B JACK JOHNSTON PARTICIPATES IN A 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. CONTRIBUTIONS AND EARNINGS FOR 2020 TOTALLED $899. 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. JACK JOHNSTON CHANGE IN ACTUARIAL VALUE: $48,689 CONTRIBUTION TO THE PLAN BY COOPERATIVE: $29,583 MARK HALL CHANGE IN ACTUARIAL VALUE: $32,435 CONTRIBUTION TO THE PLAN BY COOPERATIVE: $24,708 MICHAEL TRUMBLE CHANGE IN ACTUARIAL VALUE: $42,901 CONTRIBUTION TO THE PLAN BY COOPERATIVE: $21,930 HEATH PIPER CHANGE IN ACTUARIAL VALUE: $0 CONTRIBUTION TO THE PLAN BY COOPERATIVE: $17,687 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; THEY ASSESS THE CEO PERFORMANCE AND EVALUATE COMPENSATION. FOR OFFICERS' SALARIES, THE HR DEPARTMENT UTILIZES AN INDUSTRY-SPECIFIC SALARY SURVEY TO ASSIST IN EVALUATING ANNUAL SALARY ADJUSTMENTS. 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 XI, LINE 9: UNCLAIMED RETIRED CAPITAL CREDITS 229,386. RETIREMENT OF CAPITAL CREDITS -362,979. ALLOCATION OF MEMBER BENEFIT 1,394,425. SECOMINC 27850 HARRIS ROAD LA JUNTA CO 81050 480707018 TELECOMMUNICATION CO SOUTHEAST COLORADO POWER ASSOCIATION C 12868490 24855469 1.00000 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 SECOM INC J 111600 ACTURAL SECOM INC N 117185 ACTURAL