2018-07-24T10:44:51-05:00 2017-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2017-01-01 460204517 WEST RIVER ELECTRIC ASSOCIATION INC WEST 6052792135 PO BOX 412 WALL SD 57790 RICHARD JOHNSON CEO/GENERAL MANAGER 6052792135 2018-06-12 1 LAURIE HANSON P00851848 6053391999 2018-06-12 2017 2022-09-23 18:48:47Z ANDY MOON PO BOX 412 WALL SD 57790 38521763 0 X WWW.WESTRIVER.COM X 1939 SD COOPERATIVE - ELECTRICITY TO MEMBERS 9 9 61 0 -20889 -20889 0 0 36635788 37794524 333867 313332 -5252 28935 36964403 38136791 0 0 3270920 2013324 5499000 5834536 0 0 0 27828831 29904921 36598751 37752781 365652 384010 116298732 118661041 79153152 80111961 37145580 38549080 TO PROVIDE SAFE, RELIABLE, EFFICIENT, AND REASONABLY PRICED ELECTRICITY AND SERVICES, WHILE LEADING IN THE DEVELOPMENT OF OUR COMMUNITY FOR THE WELL BEING OF OUR MEMBERS. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 13,180 MEMBERS AND 17,038 METERS. ADDED OR REPLACED 190 METERS. 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 92 0 1 61 1 1 1 0 0 0 0 37269562 531747 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 6.70 X X 15500 0 10 STAN ANDERS VICE-PRESIDENT 10.40 X X 14600 0 10 JAMIE LEWIS SECRETARY 6.70 X X 14800 0 10 LARRY EISENBRAUN TREASURER 5.20 X X 14200 0 6 JERRY HAMMERQUIST DIRECTOR 6.00 X 12600 0 7 MARCIA M ARNESON DIRECTOR 8.10 X 16400 0 10 HOWARD KNUPPE DIRECTOR 4.90 X 13700 0 10 CHUCK SLOAN DIRECTOR 13.50 X 16700 0 10 TERRY PETERS DIRECTOR UNTIL 07/2017 3.10 X 7850 0 5 SUE PETERS DIRECTOR FROM 09/2017 12.80 X 6500 0 3 RICHARD JOHNSON CEO/GENERAL MANAGER 56.00 X 197386 0 104409 DAWN HILGENKAMP CFO 50.00 X 121341 0 69915 MIKE LETCHER MANAGER OF OPERATIONS 50.00 X 124075 0 87399 VERONICA KUSSER MARKETING MANAGER 50.00 X 108033 0 65608 JENNY PATTERSON OFFICE SERVICES MANAGER 50.00 X 105039 0 42200 WAYNE SHULL OPERATIONS SUPERINTENDENT 50.00 X 103961 0 45052 MATTHEW SCHMAHL STAKING FOREMAN 50.00 X 103510 0 54146 996195 0 468810 8 0 1 0 KAINZ POWERLINES INC PO BOX 748 CUSTER SD 57730 LINE CONSTRUCTION 434012 BESLER INC PO BOX 1527 RAPID CITY SD 57709 SUBSTATION CONSTRUCTION 311330 ASPLUNDH TREE EXPERT 708 BLAIR MILL RD WILLOW GROVE PA 19090 TREE TRIMMING 267740 BULLSEYE CONTRACTING SERVICES LLC 5155 HAINES AVE RAPID CITY SD 57701 TRENCHING 158777 RAM UTILITIES 5805 1ST ST NW MOORHEAD MN 56560 POLE TESTING 109735 5 SALE OF POWER 221000 36492319 36492319 CAPITAL CREDITS 221000 1099992 1099992 OTHER OPERATING 221000 202213 202213 37794524 319615 319615 116000 136889 -20889 -20889 -20889 1455 7738 -6283 -6283 -6283 290169 240345 49824 49824 38136791 37844348 -20889 313332 X 2013324 597145 4027877 878017 331497 2457200 3191483 COST OF POWER 20445753 ADMIN & GENERAL 2915439 DISTRIBUTION-OPERATIONS 1926516 DISTRIBUTION-MAINTENANC 1897747 -2929217 37752781 2375276 2711147 3980216 3807674 1260000 1080000 4335404 3975668 1480234 1238460 128186338 38132912 87127122 90053426 2487224 2064795 13245233 13721848 8023 8023 116298732 118661041 3808904 3795467 3606 9748 70622686 72455000 1372426 1220422 3345530 2631324 79153152 80111961 X 0 0 0 0 37145580 38549080 37145580 38549080 116298732 118661041 X 384010 1019490 X 0 1 X 1 0 0 1 X 890221 890221 15830759 3406256 12424503 7168904 5041043 2127861 104296454 29685613 74610841 90053426 RUSHMORE ELECTRIC POWER COOPERATIVE, INC. 12044400 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 1273097 C FEDERATED RURAL ELECTRIC INSURANCE 269547 C RURAL ELECTRIC SUPPLY COOPERATIVE 128451 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE 5253 C OTHER MEMBERSHIPS 1100 C 13721848 CUSTOMER DEPOSITS 401894 DEFERRED CREDITS 1827540 POSTRETIREMENT BENEFITS 391302 OTHER LIABILITIES 10588 2631324 X 38178535 53384 53384 38125151 11640 11640 38136791 35781201 53384 53384 35727817 2024964 2024964 37752781 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 IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE (IRS), EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME, IF ANY. THE ASSOCIATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) AND EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. 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 UBI 53,384. PART XI, LINE 4B - OTHER ADJUSTMENTS: EXPENSES NETTED TO REVENUE FOR GAAP PURPOSES 11,640. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTEREST EXPENSE ATTRIBUTED TO UBI 53,384. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2017 MARGINS TO MEMBERS IN 2018 2,013,324. EXPENSES NETTED TO REVENUE FOR GAAP PURPOSES 11,640. X 1 1 X X 0 0 0 RICHARD JOHNSON CEO/GENERAL MANAGER 183052 0 288 0 14046 0 84716 0 20852 0 302954 0 0 0 DAWN HILGENKAMP CFO 115662 0 150 0 5529 0 44031 0 26654 0 192026 0 0 0 MIKE LETCHER MANAGER OF OPERATIONS 121857 0 650 0 1568 0 62036 0 26159 0 212270 0 0 0 VERONICA KUSSER MARKETING MANAGER 103746 0 150 0 4137 0 40244 0 26065 0 174342 0 0 0 MATTHEW SCHMAHL STAKING FOREMAN 100877 0 810 0 1823 0 28367 0 26274 0 158151 0 0 0 PART I, LINE 1A WE REIMBURSE THE EMPLOYEE UP TO $40 PER MONTH FOR A HEALTH CLUB MEMBERSHIP. THIS IS USED AS AN INCENTIVE FOR OUR WELLNESS PROGRAM. THE EMPLOYEE HAS TO PROVIDE A RECEIPT SHOWING PROOF OF PAYMENT IN ORDER TO GET THE REIMBURSEMENT. THE WELLNESS COMMITTEE IS MADE UP OF 10 VOLUNTEER EMPLOYEES THAT MEET ON A QUARTERLY BASIS TO DETERMINE AND REVIEW THE ACTIVITIES OF THE WELLNESS PROGRAM. 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. RICHARD JOHNSON: CHANGE IN ACTUARIAL VALUE INCLUDED IN COLUMN C IS $77,216. ACTUAL EXPENSE OF THE COOPERATIVE IS $51,488. DAWN HILGENKAMP: CHANGE IN ACTUARIAL VALUE INCLUDED IN COLUMN C IS $39,102. ACTUAL EXPENSE OF THE COOPERATIVE IS $34,066. MIKE LETCHER: CHANGE IN ACTUARIAL VALUE INCLUDED IN COLUMN C IS $56,957. ACTUAL EXPENSE OF THE COOPERATIVE IS $35,101. VERONICA KUSSER: CHANGE IN ACTUARIAL VALUE INCLUDED IN COLUMN C IS $35,749. ACTUAL EXPENSE OF THE COOPERATIVE IS $31,093. MATTHEW SCHMAHL: CHANGE IN ACTUARIAL VALUE INCLUDED IN COLUMN C IS $25,157. ACTUAL EXPENSE OF THE COOPERATIVE IS $21,899. 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 PROVIDES AN ANNUAL UPDATE OF A BOARD APPROVED SALARY PLAN. ANALYSIS IS DONE OF NATIONAL AND REGIONAL WAGES FOR EACH POSITION WITHIN THE COOPERATIVE. THE PROCESS IS COMPLETED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. 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 GENERAL MANAGER/CEO, CFO, MANAGER OF OPERATIONS, MARKETING MANAGER, OFFICE SERVICES MANAGER, OPERATIONS SUPERINTENDENT AND STAKING FOREMAN. 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 6-10 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 XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -993,834. ALLOCATION OF 2017 MARGINS TO MEMBERS IN 2018 2,013,324. 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. 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 WEST RIVER SERVICES INC PO BOX 412 WALL SD 57790 460443950 SALES OF INTERNET SERVICES SD WEST RIVER ELECTRIC ASSOCIATION INC C 2253 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0