2020-11-13T16:49:12-06:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 370 INTERLOCKEN BOULEVARD SUITE 500 BROOMFIELD CO 80021 990 2019-01-01 840294734 POUDRE VALLEY REA INC POUD 9702261234 7649 REA PARKWAY FORT COLLINS CO 80527 JEFFREY WADSWORTH PRESIDENT & CEO 9702261234 2020-11-13 1 ADAM PYZDROWSKI P01603682 3034668822 2020-11-12 67.137.57.251 2020-11-13 13:59:35 MS P B862ADCB0437B8CE717B6D8BFBAF3A33FA4EB74A B804DB903FADC4F50357D1C7D10CA1BFA379F86D 2019 2022-01-07 14:23:13Z JEFFREY WADSWORTH PO BOX 272550 FORT COLLINS CO 80527 139367070 0 X WWW.PVREA.COOP X 1939 CO COMMITTED TO PROVIDING SAFE, RELIABLE, EFFICIENT ENERGY SOLUTIONS TO OUR MEMBERS. 9 9 101 0 0 0 0 0 136575839 139213744 152266 153326 0 0 136728105 139367070 0 0 3271542 3453173 8105523 8450910 0 0 0 122414305 121076517 133791370 132980600 2936735 6386470 253271889 275393689 133952621 144414496 119319268 130979193 WE ARE COMMITTED TO PROVIDING SAFE, RELIABLE, EFFICIENT ENERGY SOLUUTIONS WITH EXCEPTIONAL SERVICE TO OUR MEMBERS. 0 0 SOLD ELECTRICITY TO RURAL MEMBERS. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 121 0 1 101 1 0 0 0 0 0 133536022 5831048 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 1 0 X LISA WRIGHT 9702261234 7649 REA PARKWAY FORT COLLINS CO 80527 JEFFREY WADSWORTH PRESIDENT & CEO 50.00 X 355529 0 94993 LISA WRIGHT VP, CFO 50.00 X 201656 0 86371 JOHN BOWERFIND VP, COO 50.00 X 199575 0 79933 ROBERT WHITE VP MEMBER RELATIONS 50.00 X 160912 0 77003 JOSHUA NOEL VP IT/STRATEGY 50.00 X 175572 0 62103 JAMES ROSINTOSKI ENGINEERING DIRECTOR 50.00 X 150505 0 77185 CRAIG HARNEY OPERATIONS SUPERINTENDENT 50.00 X 143055 0 72157 JACK SCHNEIDER DIRECTOR 8.00 X 23300 0 0 RICK JOHNSON VICE CHAIR 9.00 X X 22950 0 0 JAN PETERSON DIRECTOR 8.00 X 21550 0 0 THAINE MITCHIE DIRECTOR 5.00 X 20500 0 0 BRYAN EHLICH DIRECTOR 7.00 X 20150 0 0 JIM FENDER SECRETARY 5.00 X X 19800 0 0 PETER HYLAND DIRECTOR 5.00 X 19100 0 0 RON SUTHERLAND DIRECTOR 6.00 X 18750 0 0 STEVE ANDERSON CHAIR 6.00 X X 18400 0 0 1571304 0 549745 40 0 1 0 FOOTHILLS ENERGY SERVICES INC PO BOX 603 FRANKTOWN CO 80116 CONTRACTOR 8692320 MASTEC 700 COMMERCE DRIVE SUITE 235 WOODBURY MN 55125 ENGINEERING CONTRACTOR 2156506 SALIENT POWER ENGINEERING LLC PO BOX 2079 ARVADA CO 80001 ENGINEERING CONTRACTOR 1421311 RELIABLE POWER CONSULTANTS INC 1001A EAST HARMONY 143 FORT COLLINS CO 80525 ENGINEERING CONTRACTOR 850570 FOOTHILLS TREE EXPERTS INC 3600 CANADIAN PARKWAY FORT COLLINS CO 80524 TREE TRIMMING CONTRACTOR 700000 19 SALE OF ELECTRICITY 221000 133536022 133536022 CAPITAL CREDITS 221000 4787636 4787636 LATE FEES 221000 364705 364705 CONNECTIONS REVENUE 221000 284424 284424 POLE RENTAL REVENUE 221000 207978 207978 32979 32979 139213744 108979 108979 44347 0 44347 44347 44347 139367070 139213744 0 153326 3453173 1001314 7449596 321500 2929745 6178043 COST OF POWER 102621817 DISTRIBUTION - OPS 2897216 DISTRIBUTION - MAINT 1939250 CONSUMER ACCOUNTS 1634974 2553972 132980600 747632 1767112 7401190 13420899 2301218 2875122 413276 618421 224447753 61233527 150474498 163214226 89874253 91708798 2059822 1789111 253271889 275393689 14982596 16637968 95374063 104417782 23595962 23358746 133952621 144414496 X 0 0 0 0 119319268 130979193 119319268 130979193 253271889 275393689 X 6386470 5375793 -102338 X X 0 1 X 1 0 10000 0 0 10000 10000 1 COLORADO ADVOCATES FOR RURAL ELECTRIFICATION 5400 WASHINGTON STREET DENVER CO 80216 743106451 10000 0 2267420 2267420 8119278 3523108 4596170 14032851 9647654 4385197 200028204 48062765 151965439 163214226 TRI STATE G&T - PATRONAGE CAPITAL 84119308 C WESTERN UNITED - PATRONAGE CAPITAL 3414981 C NRUCFC - PATRONAGE CAPITAL 806804 C FEDERATED R/E INSURANCE - PATRONAGE CAPITAL 340130 C OTHER INVESTMENTS IN ASSOCIATED ORGS 401351 C OTHER INVESTMENTS 416000 C SUBORDINATED CERTIFICATES 2210224 C 91708798 POWER COST REVENUE DEFERRAL - CUMULATIVE 17800000 ACCUMULATED PROVISION FOR POSTRETIREMENT BENEFITS 3713318 OTHER DEFERRED CREDITS 1284529 CUSTOMERS' PREPAYMENTS 560899 23358746 X PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)12 OF THE INTERNAL REVENUE CODE (IRC). THE ASSOCIATION HAS A LETTER OF EXEMPTION FROM FEDERAL INCOME TAX, ISSUED BY THE INTERNAL REVENUE SERVICE (IRS). AN EVALUATION OF WHETHER OR NOT THE ASSOCIATION AND THE SUBSIDIARY HAVE ANY UNCERTAIN TAX POSITIONS IS DETERMINED ON AN ANNUAL BASIS. WHILE THE ASSOCIATION AND SUBSIDIARY BELIEVE THEY HAVE ADEQUATELY PROVIDED FOR ALL TAX POSITIONS AND BELIEVE THAT THEY HAVE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2019 AND 2018, AMOUNTS ASSERTED BY TAXING AUTHORITIES COULD BE DIFFERENT THAN THE POSITIONS TAKEN BY BOTH ENTITIES. THE ASSOCIATION AND SUBSIDIARY RECOGNIZE ANY INTEREST AND PENALTIES ASSESSED BY TAXING AUTHORITIES IN INCOME TAX EXPENSE AND, WITH FEW EXCEPTIONS, ARE NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2016. X X X X 0 0 0 JEFFREY WADSWORTH PRESIDENT & CEO 292394 0 34629 0 28506 0 64335 0 30658 0 450522 0 0 0 LISA WRIGHT VP, CFO 185788 0 7836 0 8032 0 61304 0 25067 0 288027 0 0 0 JOHN BOWERFIND VP, COO 185039 0 7836 0 6700 0 49234 0 30699 0 279508 0 0 0 ROBERT WHITE VP MEMBER RELATIONS 148353 0 8102 0 4457 0 50986 0 26017 0 237915 0 0 0 JOSHUA NOEL VP IT/STRATEGY 166205 0 7992 0 1375 0 31395 0 30708 0 237675 0 0 0 JAMES ROSINTOSKI ENGINEERING DIRECTOR 142552 0 5695 0 2258 0 42761 0 34424 0 227690 0 0 0 CRAIG HARNEY OPERATIONS SUPERINTENDENT 132890 0 4260 0 5905 0 41499 0 30658 0 215212 0 0 0 TRI-STATE GENERATION AND TRANSMISSION ASSOCIATION INC COMMON BOARD MEMBER 91690197 PURCH PWR 0 WESTERN UNITED ELECTRIC SUPPLY CORPORATION COMMON BOARD MEMBER 9698456 MAT PURCH 0 COLORADO RURAL ELECTRIC ASSOCIATION COMMON BOARD MEMBER 264891 MBR SERV 0 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION IS A MEMBER OWNED COOPERATIVE AND HAS ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD CONSISTS OF NINE DIRECTORS WHO ARE ELECTED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE GOVERNING BODY DID NOT DELEGATE BROAD AUTHORITY TO ACT ON ITS BEHALF TO AN EXECUTIVE COMMITTEE OR SIMILAR COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. THE RETURN IS THEN REVIEWED BY THE MANAGEMENT TEAM PRIOR TO FILING. BOARD MEMBERS HAVE ACCESS TO REVIEW THE FORM AFTER FILING, UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES AND DIRECTORS OF THE BOARD. THE GENERAL RULE IS THAT EMPLOYEES AND DIRECTORS OF THE BOARD OF THE ASSOCIATION ARE OBLIGATED TO AVOID AND DISCLOSE ETHICAL, LEGAL, FINANCIAL, OR OTHER CONFLICTS OF INTEREST INVOLVING PROCUREMENT AND CONTRACT ADMINISTRATION FOR THE ASSOCIATION, AND REMOVE THEMSELVES FROM A POSITION OF DECISIONMAKING AUTHORITY WITH RESPECT TO ANY PROCUREMENT OR CONTRACT ADMINISTRATION CONFLICT SITUATION. ALL POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE PRESIDENT AND CEO. POTENTIAL CONFLICTS OF INTEREST WITH THE PRESIDENT AND CEO, OR A DIRECTOR OF THE BOARD ARE REVIEWED BY THE ASSOCIATION'S CORPORATE ATTORNEY. IF AN EMPLOYEE OR DIRECTOR OF THE BOARD IS DETERMINED TO HAVE A REAL OR APPARENT CONFLICT OF INTEREST, THE ASSOCIATION WILL DISQUALIFY THE EMPLOYEE OR DIRECTOR FROM ACTING ON ANY PROCUREMENT OR CONTRACT ADMINISTRATION MATTER OR PARTICIPATING IN ANY PROCUREMENT OR CONTRACT ADMINISTRATION DECISION(S) THAT COULD BE IMPACTED BY THE CONFLICT. ANY CONFLICTS OF INTERESTS AND RELATED RESOLUTIONS AND ACTIONS AT THE BOARD LEVEL WILL BE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 DATA IS COLLECTED AND REVIEWED FROM THE FOLLOWING SURVEYS: NRECA NATIONAL COMPENSATION SURVEY, ECONOMIC RESEARCH INSTITUTE'S SALARY SURVEY, EMPLOYER'S COUNCIL STATE SALARY SURVEY, AND ELECO SOLUTIONS A THIRD PARTY CONSULTANT IS RETAINED TO PREPARE AN ANALYSIS AND WORK WITH POUDRE VALLEY REA'S SENIOR MANAGEMENT TEAM TO RECOMMEND THE COMPENSATION PLAN FOR BOARD APPROVAL. THIS PROCESS LAST OCCURRED IN 2019. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME AND EQUITIES -102,338. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSEEING AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. POUDRE VALLEY ASSOCIATED SERVICES INC PO BOX 272550 FORT COLLINS CO 80527 841079476 SOLAR FARM CO POUDRE VALLEY REA INC C 202413 2043470 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 POUDRE VALLEY ASSOCIATED SERVICES M 202413 ACTUAL POUDRE VALLEY ASSOCIATED SERVICES D 190655 LOAN AMOUNT