2025-10-24T16:50:06-05:00 2024-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2024-01-01 840147605 SOUTHEAST COLORADO POWER ASSOCIATION SOUT 7193842551 PO BOX 521 LA JUNTA CO 81050 AARON JOHNSON CFO 7193842551 2025-10-23 1 1 LAURIE HANSON CPA P00851848 6053391999 2025-10-23 2024 2025-03-06 01:10:19Z MARK HALL PO BOX 521 LA JUNTA CO 81050 39078343 0 X WWW.SECPA.COM X 1939 CO PROVIDE ELECTRIC SERVICE TO MEMBERS ON A NOT-FOR-PROFIT BASIS. 7 7 56 0 529506 25091 0 0 36015176 38078537 283786 410862 645390 588944 36944352 39078343 56181 31246 1844504 976979 1197533 1330664 0 0 0 32945995 34280452 36044213 36619341 900139 2459002 114069584 119793089 46616270 49283170 67453314 70509919 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 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 58 0 1 56 1 1 1 0 0 0 0 0 0 37960134 1091181 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 AARON JOHNSON 7193842551 PO BOX 521 LA JUNTA CO 81050 TRUMAN WRIGHT PRESIDENT 1.60 0.80 X X 8200 0 0 CLINT ANDERSON VICE PRESIDENT 0.60 0.80 X X 6000 0 0 MERLIN RUSHTON SECRETARY 2.10 0.80 X X 6600 0 0 RANDY PHILLIPS DIRECTOR 1.80 0.80 X 9340 0 0 BRAD BUCK DIRECTOR 0.70 0.80 X 6000 0 0 LAWRENCE BRASE DIRECTOR 0.50 0.80 X 6300 0 0 MICHELLE GARDNER DIRECTOR 1.20 0.80 X 6000 0 0 KEVIN BRANDON CHIEF EXECUTIVE OFFICER 40.00 0.00 X 189951 0 130864 AARON JOHNSON CHIEF FINANCIAL OFFICER (BEG MAY) 40.00 0.00 X 91655 0 16846 MARK HALL CHIEF OPERATING OFFICER 40.00 0.00 X 188045 0 63404 CLINT ARBUTHNOT WORKING FOREMAN 40.00 0.00 X 143779 0 48103 MIKE TRUMBLE LINE SUPERINTENDENT 40.00 0.00 X 162971 0 98948 GARRETT WERTZ WORKING FOREMAN 40.00 0.00 X 146390 0 44817 JOHN JACKSON WORKING FOREMAN 40.00 0.00 X 154952 0 18687 1126183 0 421669 24 0 1 0 STAMPEDE POWER LINE SERVICES 35074 COUNTY RD SS WILEY CO 81092 POWER LINE CONTRACTOR 2487822 ASPLUNDH TREE EXPERT PO BOX 827464 PHILADELPHIA PA 19182 TREE TRIMMER 286525 2 SALE OF ELECTRICITY 221000 35860928 35860928 CAPITAL CREDITS 221000 1635816 1635816 EQUITY EARNINGS/(LOSSES) 221000 295055 295055 RENTAL REVENUE 221000 243600 243600 POLE RENTAL REVENUE 221000 25875 25875 17263 17263 38078537 254622 217721 21884 15017 156240 0 156240 156240 156240 MISCELLANEOUS REVENUE 221000 588944 244433 264022 80489 588944 39078343 38297091 529506 251746 23246 8000 976979 426020 904644 1475351 4460515 FEDERAL INCOME TAXES -48056 COST OF POWER PURCHASED 20285238 DISTRIBUTION MAINTENANC 3506248 DISTRIBUTION OPERATIONS 2435378 2165778 36619341 1298866 762947 2620342 2744519 80000 50000 1838888 2155070 5902649 5529726 141593375 62822518 74007698 78770857 8910771 9205825 18701426 19912738 708944 661407 114069584 119793089 3208198 3562057 111473 92190 40196840 43480920 2449670 700000 650089 1448003 46616270 49283170 X 0 0 0 0 67453314 70509919 67453314 70509919 114069584 119793089 X 2459002 597603 X 0 1 X 1 0 625927 625927 9426778 1688011 7738767 6957920 4886628 2071292 124582750 56247879 68334871 78770857 INVESTMENT IN SECOM 9205825 C 9205825 FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE PATRONAGE CAPITAL 400799 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE PATRONAGE CAPITAL 190759 C NRUCFC 752789 C OTHER 18250 C WESTERN UNITED ELECTRIC SUPPLY 1457171 C INVESTMENT IN TRI-STATE G&T COOPERATIVE 17092970 C 19912738 DUE TO AFFILIATED COMPANY 6119 CONSUMER DEPOSITS 1378263 DEFERRED CREDITS 63621 1448003 X 38682878 0 38682878 395465 395465 39078343 35246897 0 35246897 1372444 1372444 36619341 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 48,637. RECLASSIFY EXPENSES OUT OF REVENUE 346,828. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF MEMBER BENEFIT 976,979. INTERCOMPANY LABOR 48,637. RECLASSIFY EXPENSES OUT OF REVENUE 346,828. 1 SCHOLARSHIPS 8 8000 PART I, LINE 2: SCHOLARSHIP PAYMENTS ARE MADE PAYABLE TO THE SCHOOL AND THE RECIPIENT. THE SCHOOL WILL PROVIDE CONFIRMATION THAT THE PAYMENT WAS USED FOR TUITION IF REQUESTED BY THE COOPERATIVE. OTHER SUPPORT IS GIVEN AS NEED ARISES, FOLLOWING COMMUNICATION AMONG TOP MANAGEMENT OFFICIALS. X X 0 0 0 KEVIN BRANDON CHIEF EXECUTIVE OFFICER 179043 0 0 0 10908 0 100187 0 33214 0 323352 0 0 0 MIKE TRUMBLE LINE SUPERINTENDENT 159799 0 0 0 3172 0 68652 0 32398 0 264021 0 0 0 MARK HALL CHIEF OPERATING OFFICER 186397 0 0 0 1648 0 40007 0 25559 0 253611 0 0 0 CLINT ARBUTHNOT WORKING FOREMAN 132152 0 0 0 11627 0 20339 0 29246 0 193364 0 0 0 GARRETT WERTZ WORKING FOREMAN 135337 0 0 0 11053 0 14081 0 32141 0 192612 0 0 0 JOHN JACKSON WORKING FOREMAN 145698 0 0 0 9254 0 6750 0 13346 0 175048 0 0 0 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. THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KEVIN BRANDON $94,508 - MIKE TRUMBLE $63,884 - MARK HALL $34,627 - GARRET WERTZ $10,317 - CLINT ARBUTHNOT $16,452 - JOHN JACKSON $2,781 THE ACTUAL EXPENSE OF THE ASSOCIATION FOR DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KEVIN BRANDON $39,238 - MIKE TRUMBLE $32,248 - MARK HALL $36,119 - GARRET WERTZ $23,814 - CLINT ARBUTHNOT $24,644 - JOHN JACKSON $13,617 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, ASSESSING THE CEO PERFORMANCE AND EVALUATING COMPENSATION. FOR OFFICERS' SALARIES, THE HR DEPARTMENT UTILIZES AN INDUSTRY-SPECIFIC SALARY SURVEY TO ASSIST IN EVALUATING ANNUAL SALARY ADJUSTMENTS. THE SALARIES OF BOTH THE CEO AND CFO ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. 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 188,706. RETIREMENT OF CAPITAL CREDITS -568,082. ALLOCATION OF MEMBER BENEFIT 976,979. SECOM INC 27850 HARRIS ROAD LA JUNTA CO 81050 480707018 TELECOMMUNICATION CO SOUTHEAST COLORADO POWER ASSOCIATION C 14670105 24617110 1.00000 1 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 SECOM INC A 265484 BOOK BASIS SECOM INC L 264022 BOOK BASIS SECOM INC Q 328196 BOOK BASIS SECOM INC S 63360 BOOK BASIS