2013-05-13T17:43:39-05:00 2012-12-31 810386935 SUMMERS MCNEA & CO PC 80 25TH STREET WEST BILLINGS MT 591024662 990 2012-01-01 810186335 RAVALLI ELECTRIC COOPERATIVE INC RAVA 4069613001 PO BOX 190 CORVALLIS MT 598280190 WAYNE D OLSON 4069613001 2013-04-26 1 RICHARD A MATUSIAK P00524085 4066522320 2013-04-26 2012 2016-02-25 16:41:14Z RICHARD J BROWN 1051 EAST SIDE HIGHWAY CORVALLIS MT 59828 12267166 0 X WWW.RAVALLIELECTRIC.COM X 1936 MT RAVALLI ELECTRIC COOPERATIVE,INC. OPERATES AS AN ELECTRICAL UTILITY ON A NON-PROFIT COOPERATIVE BASIS BY PROVIDING ELECRTRICAL POWER AND UTILITY SERVICES TO ITS MEMBERS LOCATED IN THE NORTHWEST PORTION OF MONTANA. THE COOPERATIVE IS EXEMPT UNDER 501(C)(12). 7 7 30 0 0 0 0 0 11170043 12051200 169796 153941 48926 62025 11388765 12267166 0 0 563131 609557 812188 862566 0 0 0 9462465 10539789 10837784 12011912 550981 255254 25954357 27772081 13328908 14891378 12625449 12880703 RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN THE NORTHWESTERN PORTION OF MONTANA. THE COOPERATIVE SERVES APPROXIMATELY 7,847 MEMBERS AT DECEMBER 31, 2012. 0 0 10603861 12236212 COOPERATIVE RESOURCES AND ACTIVITIES ARE RELATED TO PROVIDING DISTRIBUTION ELECTRICAL POWER AND SERVICES TO APPROXIMATELY 7,847 MEMBERS AND PATRONS LOCATED IN THE NORTHWEST PORTION OF THE STATE OF MONTANA. 10603861 0 0 0 0 0 0 0 0 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 0 0 0 1 73 0 30 1 0 0 0 0 0 0 0 12423525 185012 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARSHA DRAPER 4069613001 1051 EAST SIDE HIGHWAY CORVALLIS MT 59828 WAYNE OLSON 9.00 X X 19477 0 0 LARRY TREXLER 7.00 X X 22849 0 0 ROBERT BAILEY 7.00 X 21427 0 0 KEVIN FROST 5.00 X X 25655 0 0 REX GRIFFIN 9.00 X 23527 0 0 ROBERT POPHAM 10.00 X 22171 0 0 DENNIS SCHNEITER 11.00 X 9933 0 0 RICHARD J BROWN 40.00 X 133856 0 58345 MICHAEL BYRNE 40.00 X 101960 0 56595 MARSHA DRAPER 40.00 X 60426 0 37197 STACY BARTLETT 6.00 X 15256 0 0 456537 0 152137 2 1 1 0 L&L SUBSTATIONS INC PO BOX 27553 MINNEAPOLIS MN 55427 PLANT CONSTRUCTION 309053 HEBERLY & ASSOCIATES INC PO BOX 1311 HAVRE MT 59501 PLANT ENGINEERS 205122 CG POWER SYSTEMS INC 1 PAUWELS DRIVE WASHINGTON MO 630901134 PLANT CONSTRUCTION 196785 COOPER POWER SYSTEMS PO BOX 644247 PITTSBURG PA 152644247 PLANT METERS 125872 ASPLUNDH 140 CHERRY STREET HAMILTON MT 59840 TREE TRIMMING 112610 5 UTILITIES & SERVICES 221000 12051200 12051200 12051200 153941 153941 30954 0 30954 30954 30954 PATRONAGE CAPITAL CREDIT INCOME 221000 30054 30054 MERCHANDISING 221000 1017 1017 31071 12267166 12236212 0 30954 609557 609557 593418 593418 229097 229097 40051 40051 34730 34730 12000 12000 1685 1685 3510 3510 6449 6449 74548 74548 639776 639776 1257815 1171529 86286 22306 22306 COST OF POWER 4989218 4989218 DISTRIBUTIONS OPERATION 1618099 1618099 DISTRIBUTIONS MAINTENAN 868094 868094 CUSTOMER ACCOUNTS EXPEN 518363 518363 493196 189225 303971 12011912 10603861 1408051 0 728818 1383278 737124 715234 964250 827782 541408 586252 62756 86898 40935910 17722564 21970856 23213346 867317 886876 81828 72415 25954357 27772081 1489749 2042987 11242419 12230211 596740 618180 13328908 14891378 X 0 0 956943 1129147 11668506 11751556 12625449 12880703 25954357 27772081 255254 0 X X 0 1 X 1 0 453516 453516 992128 546017 446111 2590771 1950058 640713 36899495 15226489 21673006 23213346 POSTRETIREMENT BENEFIT ACCRUAL 439675 CUSTOMER DEPOSITS 178505 618180 X 12639491 372325 372325 12267166 0 12267166 11402355 0 11402355 609557 609557 12011912 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THERE ARE NO UNCERTAIN TAX POSITIONS EXISTING AT DECEMBER 31, 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONTRIBUTION IN AID OF CONSTRUCTION RECEIVED FROM MEMBERS FOR PLANT CONSTRUCTION PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS PAID TO MEMBERS - CAPITAL CREDITS RETIREMENTS PART VI-LINE 1E-OTHER PROPERTY-INCLUDES DISTRIBUTION PLANT OF POLES, WIRE, TRANSFORMERS, METERS AND STATION EQUIPMENT TOTALING $34,809,766; INTANGIBLE PLANT TOTALING $155,721;CONSTRUCTION WORK IN PROGRESS TOTALING $1,889,429 AND ELECTRIC PLANT ACQUISTION COSTS TOTALING $44,579. 1 X X 0 0 0 WAYNE OLSON 19477 0 0 0 0 0 0 0 0 0 19477 0 0 0 LARRY TREXLER 22849 0 0 0 0 0 0 0 0 0 22849 0 0 0 ROBERT BAILEY 21427 0 0 0 0 0 0 0 0 0 21427 0 0 0 KEVIN FROST 25655 0 0 0 0 0 0 0 0 0 25655 0 0 0 REX GRIFFIN 23527 0 0 0 0 0 0 0 0 0 23527 0 0 0 ROBERT POPHAM 22171 0 0 0 0 0 0 0 0 0 22171 0 0 0 DENNIS SCHNEITER 9933 0 0 0 0 0 0 0 0 0 9933 0 0 0 RICHARD J BROWN 133856 0 0 0 0 0 42318 0 16027 0 192201 0 0 0 MICHAEL BYRNE 101960 0 0 0 0 0 34214 0 22381 0 158555 0 0 0 MARSHA DRAPER 60426 0 0 0 0 0 21170 0 16027 0 97623 0 0 0 STACY BARTLETT 15256 0 0 0 0 0 0 0 0 0 15256 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS 7,847 VOTING MEMBERS AT DECEMBER 31, 2012. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT TWO OR THREE BOARD OF DIRECTORS TO SERVE A THREE YEAR TERM AT THE COOPERATIVE ANNUAL MEETING HELD IN JUNE OF EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B ALL BYLAW CHANGES RECOMMENDED BY THE BOARD OF DIRECTORS ARE APPROVED AND RATIFIED BY THE MAJORITY OF MEMBERSHIP AT THE COOPERATIVE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED AND APPROVED BY THE GENERAL MANAGER, THE BOARD PRESIDENT AND SECRETARY/TREASURER PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COOPERATIVE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE BYLAWS. ALL TRUSTESS MUST DISCLOSE TO THE BOARD OF DIRECTORS ANY SITUATION OR TRANSACTION IN WHICH THE TRUSTEE IS INVOLVED WHICH VIOLATES OR COULD APPEAR TO VIOLATE THE INTENT OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 MONTANA STATEWIDE ORGANIZATION -MONTANA ELECTRIC COOPERATIVE ASSOCIATION (MECA) AND THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION (NRECA) PERFORMS AN ANNUAL SALARY SURVEY BY JOB CLASSIFICATION. THE BOARD OF DIRECTORS MAKES USE OF THESE SALARY SURVEYS FROM NRECA AND MECA TO DETERMINE THE SALARY GUIDELINES FOR THE GENERAL MANAGER SALARY. THE GENERAL MANAGER USES THESE SALARY SURVEYS AND THE EMPLOYMENT COST INDEX TO DETERMINE THE RANGE OF SALARIES FOR THE COOPERATIVE'S LINEMAN AND ADMINISTRATIVE PERSONNEL. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, AND FINANICAL REPORTS - RUS FORM 7 - AND FORM 990 ARE AVAILABLE UPON REQUEST AT THE COOPERATIVE HEADQUARTER OFFICE. IN ADDITION, EACH NEW MEMBER IS PROVIDED WITH A COPY OF RAVALLI ELECTRIC COOPERATIVE'S BY LAWS. ALSO THE STATEMENT OF FINANCIAL CONDITION IS SENT OUT YEARLY TO ALL MEMBERS IN THE ANNUAL MEETING NOTICE PRIOR TO THE ANNUAL MEETING HELD IN JUNE OF EACH YEAR. IN ADDITION, THE COOPERATIVE STATEMENT OF FINANCIAL CONDITION IS PUBLISHED ANNUALLY IN MONTANA STATEWIDE ORGANIZATION- MONTANA ELECTRIC COOPERATIVE ASSOCIATION (MECA) RURAL MAGAZINE. THE BOARD OF DIRECTORS REQUIRE A FORMAL THREE YEAR AUDIT ENGAGEMENT LETTER FIXING THE ANNUAL AUDIT FEE AND PERFORMS OVERSIGHT OVER THE AUDIT. IN ADDITION, THE AUDITOR IS REQUIRED TO FORMALLY PRESENT THE AUDIT AND ANY FINDINGS TO THE BOARD OF DIRECTORS. ALSO, THE BOARD OF DIRECTORS REQUEST THE AUDITOR PRESENT THE COOPERATIVE'S STATEMENT OF FINANCIAL CONDITION TO ITS MEMBERSHIP AT THE ANNUAL MEETING HELD IN JUNE OF EACH YEAR.