2016-08-08T17:57:21-05:00 2015-12-31 450310328 BRADY MARTZ AND ASSOCIATES PC PO BOX 14296 GRAND FORKS ND 582084296 990 2015-01-01 410621437 WRIGHT-HENNEPIN COOPERATIVE ELECTRIC ASSOCIATION WRIG 7634773000 PO BOX 330 ROCKFORD MN 553730330 ANGELA PRIBYL CORPORATE OFFICER 7634773000 2016-08-02 1 MATT LAUGHLIN P00014168 7017754685 2016-08-02 2015 2016-12-15 16:53:06Z ANGELA PRIBYL PO BOX 330 ROCKFORD MN 553730330 92860259 0 X WWW.WHE.ORG X 1937 MN BUY AND SELL ELECTRICITY TO ITS MEMBERS 9 7 133 0 405 0 0 0 90731356 90541427 424530 417398 2313601 1892703 93469487 92851528 6750 6000 4265779 6317004 566891 875851 0 0 0 88355738 86608307 93195158 93807162 274329 -955634 189009700 193374989 111297431 114579364 77712269 78795625 WE ARE AN ENERGY AND SERVICE COOPERATIVE DEDICATED TO ENHANCING THE QUALITY OF LIFE OF OUR CUSTOMERS. 0 0 PROVIDE ELECTRICAL SERVICE TO MEMBERS 0 0 0 0 0 0 0 1 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 55 0 133 1 0 0 0 0 0 90937406 6031036 0 X 9 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X WRIGHT-HENNEPIN COOP ELECTRIC ASSOC ATTN ANGELA PRIBYL 7634773000 6800 ELECTRIC DRIVE ROCKFORD MN 55373 ERICK HEINZ BOARD CHAIR 7.00 3.42 X X 20540 17535 0 TIMOTHY YOUNG BOARD VICE-CHAIR 3.60 4.50 X X 15800 16775 0 DALE JANS BOARD SECRETARY/TREASURER 7.00 4.80 X X 19420 16855 0 CHRIS LANTTO DIRECTOR 8.00 6.00 X 17600 16375 0 KENNETH HIEBEL DIRECTOR 5.00 4.00 X 18340 17235 0 BURTON HORSCH DIRECTOR 5.64 3.76 X 17560 16415 0 DUANE LINDENFELSER DIRECTOR 10.00 10.00 X 17815 17785 0 DONALD LUCAS DIRECTOR 5.90 3.90 X 18240 16935 0 THOMAS MACH DIRECTOR 18.00 10.00 X 9940 10435 0 MICHAEL TIEVA DIRECTOR 7.00 6.00 X 4000 4400 0 MARK VOGT PRESIDENT/CEO 35.00 18.00 X 238234 122726 252853 WENDY YOUNGREN COO-WH HOLDING 45.00 X 184751 0 66133 TIM SULLIVAN PRESIDENT/CEO 45.00 X 111646 0 45712 ANGELA PRIBYL CFO/VP-FINANCE 27.00 18.00 X 129026 86018 155512 SONJA BOGART CEO-WH HOLDING 18.00 27.00 X 105335 161336 76739 LANCE HOVLAND VP-ENERGY DIST. 45.00 X 183964 0 36688 PETER LARSON VP-HUMAN RESOURCES 31.00 14.00 X 107212 48168 103739 ANTHONY HEID VP-INFORMATION TECHNOLOGY 37.00 8.00 X 118552 26024 93749 1337975 595017 831125 34 0 1 0 HEARTLAND SERVICES LLC 6800 ELECTRIC DRIVE ROCKFORD MN 55373 ENGINEERING AND PROFESSIONAL SERVICES 1140342 MP NEXLEVEL LLC 500 COUNTY ROAD 37 E MAPLE LAKE MN 55358 LINE CONSTRUCTION 1043688 BEAR TREE CARE INC 5625 20TH ST NE BUFFALO MN 55313 TREE TRIMMING 576910 SOLAR FARM LLC 13281 BERRYWOOD DRIVE APT 208 BAXTER MN 56425 SOLAR ARRAY CONSTRUCTION 441965 MICHELS CORPORATION PO BOX 95 BROWNSVILLE WI 530060095 LINE CONSTRUCTION 361409 12 ELECTRIC SALES 221000 90461371 90461371 POLE RENTALS 900099 80056 80056 90541427 389721 389721 21000 5660 15340 15340 15340 30748 3071 27677 27677 27677 CAPITAL CREDITS 900099 1876958 1876958 TRUCK MAINTENANCE 811000 405 405 1877363 92851528 92366006 405 485117 X 6000 6317004 875851 3577509 4852137 COST OF POWER 61740661 DISTRIBUTION - OPERATIO 6184544 ADMINISTRATIVE AND GENE 3472226 DISTRIBUTION - MAINTENA 2689858 4091372 93807162 768120 1524349 8825457 7598805 5130077 5465913 181261 123921 1359771 1337173 6608132 6142719 161207597 54297417 103433547 106910180 13782327 13392538 42660069 44488098 6260939 6391293 189009700 193374989 16798466 16935006 1200000 17657 17264 83906245 86573983 10575063 9853111 111297431 114579364 X 0 0 0 0 77712269 78795625 77712269 78795625 189009700 193374989 X -955634 2038990 X X 0 1 X 1 0 0 1 X 3064408 3064408 8041121 3853973 4187148 150102068 50443444 99658624 106910180 INVESTMENT IN SUBSIDIARY 13392538 C 13392538 PATRONAGE CAPITAL FROM ASSOCIATED ORGANIZATIONS 41897840 C CFC CAPITAL TERM CERTIFICATES 1210949 C LIFE INSURANCE 767178 C STOCKS IN ASSOCIATED COMPANIES 39006 C DEFERRED COMP INVESTMENTS 573125 C 44488098 UNCLAIMED CAPITAL CREDITS AND DEFERRED CREDITS 2364682 CUSTOMER DEPOSITS 1613941 SICK LEAVE AND WELLNESS PLAN ACCRUALS 174868 ACCUMULATED PENSION OBLIGATION 5699620 9853111 X PART IV, LINE 2B: THE MEMBERS OF THE COOPERATIVE CAN ELECT TO ROUND UP THEIR MONTHLY ELECTRIC BILL TO THE NEXT DOLLAR. THESE FUNDS COLLECTED FROM THE MEMBERSHIP ARE HELD IN A COOPERATIVE ACCOUNT UNTIL THEY ARE RELEASED TO THE WRIGHT-HENNEPIN ELECTRIC TRUST. THESE FUNDS ARE TRANSFERRED DIRECTLY TO THE TRUST ON A MONTHLY BASIS. FUNDS THAT EXIST AT THE END OF THE YEAR ARE A RESULT OF A TIMING DIFFERENCE IN THE RECEIPT OF THE FUNDS AND THE RELEASE OF THEM TO THE TRUST. FOR THE YEAR ENDED DECEMBER 31, 2015, THE ACCOUNT HELD $17,264. PART X, LINE 2: WRIGHT-HENNEPIN COOPERATIVE ELECTRIC ASSOCIATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. EARNINGS OR LOSSES FROM EQUITY INVESTMENTS AND UNRELATED BUSINESS ACTIVITIES ARE REPORTED AS UNRELATED BUSINESS INCOME BY WRIGHT-HENNEPIN AND FILED ANNUALLY ON FEDERAL FORM 990T. THE COMPANY'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE COMPANY HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE COMPANY ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 0 LINEMAN SCHOLARSHIPS 2 6000 X X X X X 0 1 0 MARK VOGT PRESIDENT/CEO 166210 85623 39600 20400 32424 16703 124010 63884 42873 22086 405117 208696 0 0 WENDY YOUNGREN COO-WH HOLDING 156091 0 28000 0 660 0 37620 0 28513 0 250884 0 0 0 TIM SULLIVAN PRESIDENT/CEO 111195 0 0 0 451 0 0 0 45712 0 157358 0 0 0 ANGELA PRIBYL CFO/VP-FINANCE 111839 74560 16800 11200 387 258 64936 43291 28371 18914 222333 148223 0 0 SONJA BOGART CEO-WH HOLDING 69275 106105 15270 23389 20790 31842 26510 40604 3802 5823 135647 207763 0 0 LANCE HOVLAND VP-ENERGY DIST. 160289 0 20000 0 3675 0 23084 0 13604 0 220652 0 0 0 PETER LARSON VP-HUMAN RESOURCES 84548 37986 17250 7750 5414 2432 43748 19655 27832 12504 178792 80327 0 0 ANTHONY HEID VP-INFORMATION TECHNOLOGY 96282 21135 18040 3960 4230 929 39686 8711 37189 8163 195427 42898 0 0 PART I, LINE 4B THE COOPERATIVE SPONSORS TWO UNFUNDED NONQUALIFIED DEFERRED COMPENSATION PLANS. UNDER THE FIRST PLAN, ONLY EMPLOYEES WHO MEET CERTAIN ELIGIBILITY REQUIREMENTS ARE ALLOWED TO PARTICIPATE. UNDER THIS PLAN, ANNUAL DISCRETIONARY CONTRIBUTIONS ARE APPROVED BY THE BOARD OF DIRECTORS. PARTICIPATING EMPLOYEES WILL BE FULLY VESTED IN THE AWARDED AMOUNTS ONLY UPON MEETING ALL VESTING REQUIREMENTS AS DEFINED IN THE PLAN AGREEMENT. PERSONS LISTED ON PART VII SECTION A THAT PARTICIPATE IN THIS PLAN ARE AS FOLLOWS: ANGELA PRIBYL SONJA BOGART LANCE HOVLAND WENDY YOUNGREN PETER LARSON ANTHONY HEID NO AMOUNTS WERE PAID TO ANY PARTICIPANTS DURING THE YEAR. UNDER THE SECOND PLAN, A FIXED AWARD HAS BEEN APPROVED BY THE BOARD OF DIRECTORS. ADDITIONAL AWARDS WILL BE MADE ANNUALLY TO THIS PLAN BASED ON AN EARNING FORMULA AND INDEX AS DEFINED IN THE PLAN AGREEMENT. VESTING REQUIREMENTS, AS DEFINED IN THE PLAN AGREEMENT, MUST BE MET BEFORE A PARTICIPANT IS ELIGIBLE TO RECEIVE ANY COMPENSATION UNDER THIS PLAN. NO AMOUNTS WERE PAID UNDER THIS PLAN DURING THE YEAR. MARK VOGT IS THE ONLY PARTICIPANT IN THIS PLAN. SCHEDULE J, PART II, COLUMN C INCLUDED IN COLUMN "C", DEFERRED COMPENSATION, IS THE ESTIMATED ANNUAL INCREASE (DECREASE) IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. FOR THE FOLLOWING INDIVIDUALS, THE ESTIMATED INCREASE (DECREASE) IS: MARK VOGT: $134,894 ANGELA PRIBYL: $57,178 SONJA BOGART: $28,661 LANCE HOVLAND: $2,337 WENDY YOUNGREN: $8,557 PETER LARSON: $25,527 TONY HEID: $17,560 THESE AMOUNTS ARE ESTIMATES IN THE INCREASE (DECREASE) OF THE VALUE OF THE PLAN AND ARE NOT CURRENT YEAR EXPENSES OF THE COOPERATIVE. THERE WERE NO CURRENT YEAR CONTRIBUTIONS INTO THE DEFINED BENEFIT PLAN AS THE PLAN WAS FROZEN AS OF JANUARY 1, 2012, AND CONVERTED INTO A DEFINED CONTRIBUTION PLAN. RESCO ENTITY FOR WHICH DALE JANS, CURRENT DIRECTOR, WAS SERVING AS A DIRECTOR 3553739 PURCHASE OF SUPPLIES AND EQUIPMENT FOR ELECTRIC PLANT 0 HEARTLAND SERVICES LLC ENTITY FOR WHICH TIM SULLIVAN, PRESIDENT/CEO, WAS SERVING AS A DIRECTOR 1140342 LABOR AND EXPENSE REIMBURSMENT AND ENGINEERING SERVICES 0 MREA ENTITY FOR WHICH DUANE LINDENFELSER, CURRENT DIRECTOR, WAS SERVING AS A DIR 79559 MEMBERSHIP DUES AND TRAINING/MEETINGS 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A MEMBER OWNED COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A THE GENERAL MEMBERSHIP IS DIVIDED INTO 9 DISTRICTS. EACH MEMBER WITHIN THE DISTRICT VOTES FOR THEIR MEMBER TO SERVE ON THE 9 PERSON BOARD FOR A TERM OF 3 YEARS. FORM 990, PART VI, SECTION A, LINE 7B ALL CHANGES TO THE BYLAWS AND ARTICLES OF INCORPORATION ARE VOTED ON BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11 CEO AND CFO REVIEW 990 WITH BOARD OF DIRECTORS AT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL QUESTIONNAIRE AND ANNUAL REVIEW OF POLICIES FORM 990, PART VI, SECTION B, LINE 15 ENGAGE AN INDEPENDENT OUTSIDE VENDOR FOR COMPENSATION MARKET STUDY AND BENCHMARK INFO FOR ALL POSITIONS WITHIN THE ORGANIZATION FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 4: AS REQUIRED BY FORM 990 INSTRUCTIONS, FORM 990, PART IX, LINE 4 (BENEFITS PAID TO OR FOR MEMBERS) INCLUDES PATRONAGE DIVIDENDS PAID. THIS AMOUNT IS AN EXPENSE FOR PURPOSES OF FORM 990, BUT IS NOT RECOGNIZED AS AN EXPENSE UNDER G.A.A.P. REPORTING REQUIREMENTS, WHICH ARE USED FOR BOOK INCOME. THE RESULT IS A BOOK TO TAX DIFFERENCE WHICH IS DISCLOSED ON PART XI. IN REFERENCE TO PART IX, LINE 4, THE COOPERATIVE HAS INTERPRETED "PATRONAGE DIVIDENDS PAID" AS CAPITAL CREDITS ALLOCATED TO MEMBERS UNDER THE PREEXISTING OBLIGATIONS PURSUANT TO THE BYLAWS OF THE COOPERATIVE. FORM 990, PART XI, LINE 9: BOOK TO TAX DIFFERENCE - EARNINGS FROM TAXABLE SUBSIDIARY -539,789. RETIREMENT OF CAPITAL CREDITS -3,456,171. ALLOCATED CAPITAL CREDITS 6,317,004. DEFINED BENEFIT PLAN - ACTUARIAL LOSS -282,054. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE COOPERATIVE'S OVERSIGHT RESPONSIBILITES THIS YEAR. WRIGHT-HENNEPIN ELECTRIC TRUST 6800 ELECTRIC DRIVE ROCKFORD MN 55373 411801974 PROVIDES A FUNDING SOURCE FOR OTHER NON-PROFIT ORGANIZATIONS MN 501(C)(3) LINE 7 WRIGHT-HENNEPIN COOPERATIVE ELECTRIC ASSOCIATION 1 HEARTLAND SERVICES LLC 6800 ELECTRIC DRIVE PO BOX 330 ROCKFORD MN 553730330 411913777 ENGINEERING MN WRIGHT HENNEPIN HOLDING COMPANY UNRELATED 20966 133004 0 1 0.50000 WRIGHT HENNEPIN HOLDING COMPANY 6800 ELECTRIC DRIVE ROCKFORD MN 55373 203548124 MANAGEMENT COMPANY MN WRIGHT-HENNEPIN COOPERATIVE ELECTRIC ASSOCIATION C -539789 19273340 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 WRIGHT HENNEPIN HOLDING COMPANY N 1028850 RENT PAID WRIGHT HENNEPIN HOLDING COMPANY O 2533151 CASH PAID WRIGHT-HENNEPIN ELECTRIC TRUST R 207798 CASH TRANSFERRED HEARTLAND SERVICES LLC P 735243 CASH PAID HEARTLAND SERVICES LLC Q 51186 CASH PAID HEARTLAND SERVICES LLC M 405099 CASH PAID