2025-08-27T19:19:13-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2024-01-01 810243702 3 RIVERS TELEPHONE COOPERATIVE INC 3RIV 4064672535 PO BOX 429 FAIRFIELD MT 59436 EMILY A GULICK CFO 4064672535 2025-08-25 1 1 CHERI R BURNHAM CPA P00055324 5097472600 2025-08-25 2024 2025-03-06 01:10:19Z 3 RIVERS COMMUNICATIONS DAVID GIBSON 406 2ND AVE S FAIRFIELD MT 59436 68919078 0 X WWW.3RIVERS.NET X 1953 MT TO PROVIDE ADVANCED COMMUNICATIONS SERVICES AND GAINFUL EMPLOYMENT TO ENHANCE THE QUALITY OF OUR MEMBERS AND EMPLOYEES' LIVES WHILE IMPROVING THE ECONOMIC WELL-BEING OF THE COMMUNITIES SERVED. 8 8 129 0 277694 0 0 0 57938086 62709987 121790 -81079 256886 146068 58316762 62774976 50000 75000 3183592 2927258 2432586 2851504 0 0 0 52650584 56921214 58316762 62774976 0 0 178760111 174975911 57844922 52153634 120915189 122822277 TO PROVIDE ADVANCED COMMUNICATIONS SERVICES AND GAINFUL EMPLOYMENT TO ENHANCE THE QUALITY OF OUR MEMBERS AND EMPLOYEES' LIVES WHILE IMPROVING THE ECONOMIC WELL-BEING OF THE COMMUNITIES SERVED. 0 0 3 RIVERS TELEPHONE COOPERATIVE MAKES TELEPHONE, INTERNET SERVICES AND FACILITIES AVAILABLE TO THE WIDEST PRACTICAL NUMBER OF USERS ON A NON-PROFIT, COOPERATIVE BASIS. 0 0 0 0 0 0 0 0 0 1 0 0 1 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 0 0 0 1 702 0 1 129 1 1 1 0 0 0 0 21465923 2403089 0 0 0 X 8 8 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 0 1 1 0 X EMILY A GULICK 8007964567 406 2ND AVE S FAIRFIELD MT 59436 MARY E HILL PRESIDENT 8.00 X X 45876 0 0 HOWARD W GOLTZ TRUSTEE 5.00 X 19574 0 0 DIANE M GOLLEHON TRUSTEE 5.00 X 35765 0 0 KYLE J BURGMAIER TRUSTEE 5.00 X 39621 0 0 LOGAN P GOOD TRUSTEE 5.00 X 38271 0 0 KELLY M MCINERNEY SECRETARY/TREASURER 5.00 X X 34320 0 0 KIRK R DIGE VICE PRESIDENT 5.00 X X 22704 0 0 DALE E GIEM TRUSTEE 5.00 X 33120 0 0 DAVID GIBSON CEO/GM 40.00 X 397257 0 202955 EMILY GULICK CFO 40.00 X 225087 0 62226 TIMOTHY HODGES DIRECTOR OF NETWORK OPERATIONS 40.00 X 184624 0 278380 PEGGY POOR DIRECTOR OF CUSTOMER OPERATIONS 40.00 X 183579 0 297394 CHRISTIAN GRONNING DIRECTOR OF FACILITY OPERATIONS 40.00 X 149677 0 134945 ERNEST PETERSON - DIRECTOR OF FACILITY OPERATIONS (THRU 6/24) 40.00 X 238329 0 -708044 STEVEN KROGUE SENIOR NETWORK ADMINISTRATOR 40.00 X 165326 0 76581 TYLER LURA DISTRICT SUPERVISOR 40.00 X 162437 0 78033 DANIEL KIMMET OSP ENGINEER 40.00 X 148709 0 67358 BONNIE MAYER DIRECTOR OF HUMAN RESOURCES 40.00 X 161068 0 150579 BARTLETT ELLIOTT CONTROLLER 40.00 X 154713 0 50029 2440057 0 690436 45 0 1 0 MASTEC INC 152 PARK AVENUE SHEVLIN MN 56676 CONSTRUCTION 8332912 CROWN UTILITIES LLC 4457 E FRANKLIN ROAD NAMPA ID 83687 CONSTRUCTION 3855946 VICTORY EQUITY CONSTRUCTION 12100 PULP MILL ROAD MISSOULA MT 59808 CONSTRUCTION 1006857 MT COMMUNICATIONS LLC PO BOX 704 ENNIS MT 59729 CONSTRUCTION 819506 ROCKY MOUNTAIN CONTRACTORS INC PO BOX 8688 KALISPELL MT 59904 CONSTRUCTION 523883 19 WIRELINE 517000 41967812 41967812 INTERNET 517000 19553991 19553991 MISCELLANEOUS 517000 1188184 910490 277694 62709987 273631 273631 5789392 6144102 -354710 -354710 -354710 AFUDC 517000 136657 136657 PASSTHROUGH INVESTMENT 900099 9411 9411 146068 62774976 62441704 277694 55578 75000 2927258 2059251 792253 1361776 21860026 NONREGULATED 11581643 PLANT SPECIFIC OPERATIO 10814820 PLANT NONSPECIFIC OPERA 4398407 CUSTOMER OPERATIONS 2201609 4702933 62774976 11201609 9108314 4463396 5000000 5884381 5580547 0 23333 5135852 4931505 1402718 1377571 338539318 206243289 137609395 132296029 6571526 6228567 6491234 10430045 178760111 174975911 5866872 5214637 45402211 41674702 6575839 5264295 57844922 52153634 X 0 0 11992318 12655779 108922871 110166498 120915189 122822277 178760111 174975911 X 0 1907088 X 0 1 X 1 0 1399727 1399727 13254994 8155549 5099445 323884597 198087740 125796857 132296029 OTHER ASSETS 2126517 PLANT UNDER CONSTRUCTION 8303528 10430045 ADVANCED BILLING AND CUSTOMER DEPOSITS 1899216 OTHER NONCURRENT LIABILITIES 3365079 5264295 X 63120275 354710 354710 62765565 9411 9411 62774976 60202428 354710 354710 59847718 2927258 2927258 62774976 PART X, LINE 2: INCOME TAX STATUS IN 2024 AND 2023, THE COOPERATIVE QUALIFIED AS A TAX-EXEMPT ENTITY BECAUSE MORE THAN 85% OF GROSS REVENUES WERE FROM COOPERATIVE MEMBERS. AS A TAX-EXEMPT ENTITY, TAXES ARE COMPUTED ON INCOME UNRELATED TO THE COOPERATIVE'S EXEMPT PURPOSE. DEFERRED TAXES ARE PROVIDED ON A LIABILITY METHOD WHEREBY DEFERRED TAX LIABILITIES ARE RECOGNIZED FOR DEDUCTIBLE TEMPORARY DIFFERENCES AND DEFERRED TAX ASSETS ARE RECOGNIZED FOR TAXABLE TEMPORARY DIFFERENCES. TEMPORARY DIFFERENCES ARE THE DIFFERENCES BETWEEN THE REPORTED AMOUNTS OF ASSETS AND LIABILITIES AND THEIR TAX BASIS. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT SOME PORTION OR ALL OF THE DEFERRED TAX WILL NOT BE REALIZED. THE COOPERATIVE RECORDS UNCERTAIN TAX POSITIONS IF THE LIKELIHOOD THE POSITION WOULD BE SUSTAINED UPON EXAMINATION IS LESS THAN 50%. AS OF DECEMBER 31, 2024 AND 2023, THE COOPERATIVE HAD NO ACCRUED AMOUNTS RELATED TO UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE RECORDED AS INTEREST EXPENSE AND OTHER EXPENSE, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF SECURITIES 354,710. PART XI, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH INVESTMENT INCOME 9,411. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF SECURITIES 354,710. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS TO MEMBERS 2,927,258. 0 MONTANA HISTORICAL SOCIETY 225 N ROBERTS ST HELENA MT 596201201 810302402 MONTANA 50000 0 DONATION TO PROVIDE FUNDING FOR FIELD TRIPS FOR MONTANA STUDENTS TO THE MONTANA HERITAGE CENTER AND STATE CAPITOL, AS WELL AS EDUCATIONAL RESOURCES THAT CONNECT CLASSROOM ACTIVITIES TO THEIR FIELD TRIP EXPERIENCE. GREENFIELD SCHOOL DISTRICT #75 590 HWY 431 FAIRFIELD MT 59436 780554979 MONTANA 15000 0 DONATION TO PROVIDE TECHNOLOGY GRANT TO SCHOOL DISTRICT TO ACQUIRE NEEDED TECHNOLOGY TO ENHANCE LEARNING. SUN RIVER ELECTRIC COOPERATIVE PO BOX 309 FAIRFIELD MT 59436 810199536 501(C)(12) 10000 0 DONATION GIVEN TO SCHOLARSHIP FUND 2 1 SCHEDULE I PART II THE ORGANIZATION DONATES TO LOCAL CHARITABLE ORGANIZATION AND THEREFORE ALL FUNDS ARE USED IN THE U.S. X 0 1 X X X 1 0 0 DAVID GIBSON CEO/GM 305452 0 53416 0 38389 0 179834 0 23121 0 600212 0 0 0 PEGGY POOR DIRECTOR OF CUSTOMER OPERATIONS 153121 0 20610 0 9848 0 285256 0 12138 0 480973 0 0 0 TIMOTHY HODGES DIRECTOR OF NETWORK OPERATIONS 149718 0 22402 0 12504 0 250151 0 28229 0 463004 0 0 0 BONNIE MAYER DIRECTOR OF HUMAN RESOURCES 134688 0 20265 0 6115 0 127987 0 22592 0 311647 0 0 0 EMILY GULICK CFO 183002 0 24653 0 17432 0 33728 0 28498 0 287313 0 0 0 CHRISTIAN GRONNING DIRECTOR OF FACILITY OPERATIONS 130561 0 8570 0 10546 0 133680 0 1265 0 284622 0 0 0 STEVEN KROGUE SENIOR NETWORK ADMINISTRATOR 153417 0 2518 0 9391 0 48739 0 27842 0 241907 0 0 0 TYLER LURA DISTRICT SUPERVISOR 140484 0 9378 0 12575 0 50123 0 27910 0 240470 0 0 0 DANIEL KIMMET OSP ENGINEER 139359 0 2215 0 7135 0 39631 0 27727 0 216067 0 0 0 BARTLETT ELLIOTT CONTROLLER 133885 0 16136 0 4692 0 21849 0 28180 0 204742 0 0 0 ERNEST PETERSON - DIRECTOR OF FACILITY OPERATIONS (THRU 6/24) 109898 0 23476 0 104955 0 -719474 0 11430 0 -469715 0 0 0 PART I, LINE 1A SOME AIRFARE AND MEAL EXPENSES ARE PROVIDED FOR SPOUSES TO ACCOMPANY KEY EMPLOYEES ON BUSINESS TRAVEL. EMPLOYEES REIMBURSE THE COMPANY FOR THEIR SPOUSES' TRAVEL EXPENSES. THE BOARD HAS SPOUSAL TRAVEL PAID FOR BY THE COMPANY, FOR WHICH THEY ARE TAXED EACH YEAR. PART I, LINE 4A ERNEST PETERSON, A KEY EMPLOYEE, RECEIVED A SEVERANCE PAYMENT CONCURRENT WITH HIS RETIREMENT FROM 3 RIVERS. FORM 990, PART VI, SECTION A, LINE 2 A BOARD MEMBER IS AN EMPLOYEE OF ANOTHER BOARD MEMBER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION OPERATES AS A COOPERATIVE CONSISTING OF MEMBERS WHO ELECT THE GOVERNING BODY (BOARD OF TRUSTEES) AND SHARE IN THE ORGANIZATION'S PROFITS. SIGNIFICANT DECISIONS ARE LARGELY APPROVED INDIRECTLY BY THE MEMBERS THROUGH THE BOARD OF TRUSTEES. HOWEVER, THE MEMBERS DO APPROVE THE AUDIT / ANNUAL REPORT. FORM 990, PART VI, SECTION A, LINE 7A THERE IS ONLY ONE CLASS OF COOPERATIVE MEMBERS. ALL MEMBERS HAVE THE SAME RIGHTS IN ELECTING THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP MUST APPROVE BY-LAW CHANGES AND THE SALE, MORTGAGE, LEASE OR DISPOSAL OF OR ENCUMBERANCE OF ALL OR ANY SUBSTANTIAL PORTION OF THE COOPERATIVE'S PROPERTY. FORM 990, PART VI, SECTION B, LINE 11B THE CEO, CFO, AND CONTROLLER REVIEW THE COMPLETED FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY PRIMARILY BY REVIEW DURING ANNUAL TRUSTEE ELECTIONS. THE POLICY IS MONITORED AND DISCUSSED WITH THE ORGANIZATION'S ATTORNEY, THE BOARD AND SENIOR MANAGEMENT EVERY YEAR. IF THERE IS A CONFLICT, THE AFFECTED PEOPLE RECUSE THEMSELVES FROM RELATED CONVERSATIONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO IS DETERMINED USING A COMPENSATION SURVEY AND IS REVIEWED AND APPROVED BY CONSENSUS OF THE BOARD OF TRUSTEES. ALL OTHER COMPENSATION IS PART OF THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING THE MAIN OFFICE AND IS ALSO PUBLISHED IN THE COOPERATIVE'S DIRECTORY. THE COOPERATIVE'S CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST BY CONTACTING THE MAIN OFFICE. THE COOPERATIVE'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING THE MAIN OFFICE AND ARE DISTRIBUTED, IN A SUMMARIZED FORM, WITH THE ANNUAL REPORT MAILING. FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL RETIRED - GENERAL -1,114,060. PATRONAGE CAPITAL RETIRED - ESTATES AND DISCONNECTED BUSINESSES -766,472. OTHER 30,479. OTHER COMPREHENSIVE INCOME 839,294. BENEFITS PAID TO MEMBERS 2,927,258. NTCA DEFERRED COMP PLAN -9,411.