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Nonprofiteer
← BIG HORN RURAL ELECTRIC COMPANY

Form 990 for tax year 2024

Filed by BIG HORN RURAL ELECTRIC COMPANY.

Totals

Total revenue
$17,350,508
Total expenses
$16,421,583
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$17,005,042
Investment income
$327,233
Other revenue
$18,233
Total assets, end of year
$44,858,365
Total liabilities, end of year
$27,465,175
Net assets or fund balances, end of year
$17,393,190
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Electric Sales

    total $17,005,042 · related or exempt $17,005,042

  • 3 · Investment income

    total $322,109 · related or exempt $239,656 · excluded $82,453

  • 6a · Gross rents

    personal property $11,160

  • 6c · Rental income or loss

    personal property $11,160

  • 6d · Net rental income or loss

    total $11,160 · excluded $11,160

  • 7a · Gross sales of assets other than inventory

    other assets $5,124

  • 7c · Gain or loss

    other assets $5,124

  • 7d · Net gain or loss

    total $5,124 · related or exempt $5,124

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: ElectricianMerchandise

    total $7,073 · excluded $7,073

  • 11e · Other revenue, total

    $7,073

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $519,851

  • 5 · Compensation of officers, directors and key employees

    total $456,312

  • 7 · Other salaries and wages

    total $221,094

  • 8 · Pension plan contributions

    total $402,702

  • 9 · Other employee benefits

    total $344,147

  • 10 · Payroll taxes

    total $117,750

  • 11a · Fees: management

    total $36,525

  • 11b · Fees: legal

    total $8,600

  • 11c · Fees: accounting

    total $14,075

  • 13 · Office expenses

    total $56,573

  • 14 · Information technology

    total $113,235

  • 17 · Travel

    total $18,090

  • 20 · Interest

    total $911,197

  • 22 · Depreciation, depletion and amortization

    total $1,380,972

  • 23 · Insurance

    total $78,225

  • 24a · Other expenses: Cost of Power

    total $9,964,953 · program services $9,964,953

  • 24b · Other expenses: Maintenance & Distribution

    total $771,281 · program services $771,281

  • 24c · Other expenses: Operations

    total $360,705 · program services $360,705

  • 24d · Other expenses: Property Taxes

    total $146,478 · program services $146,478

  • 24e · All other expenses

    total $498,818

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $420,199 · end of year $316,396

  • 2 · Savings and temporary cash investments

    beginning of year $2,157,636 · end of year $3,155,455

  • 4 · Accounts receivable

    beginning of year $1,311,498 · end of year $1,237,858

  • 8 · Inventories for sale or use

    beginning of year $950,427 · end of year $1,145,897

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,313 · end of year $36,107

  • 10a · Land, buildings and equipment: cost or other basis

    $46,388,528

  • 10b · Land, buildings and equipment: accumulated depreciation

    $19,389,920

  • 10c · Land, buildings and equipment, net

    beginning of year $24,690,679 · end of year $26,998,608

  • 12 · Investments: other securities

    beginning of year $226,089 · end of year $226,089

  • 13 · Investments: program-related

    beginning of year $10,689,560 · end of year $10,942,012

  • 15 · Other assets

    beginning of year $838,538 · end of year $799,943

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,802,929 · end of year $6,532,865

  • 23 · Secured mortgages and notes payable

    beginning of year $18,044,946 · end of year $20,932,310

  • 31 · Retained earnings, endowment or other funds

    beginning of year $16,470,064 · end of year $17,393,190

Mission and programs · 2024

Mission

To supply electrical services to patrons and members located in Wyoming and Montana. The cooperative serves approximately 4,100 meters.

  • Provided electric energy to rural customers in sparsely populated areas.

As filed on the 2024 return.

Listed in Part VII

  • Jeff Umplett

    General Manager

    Total calculated
    $407,708
    From this org
    $313,860
    From related orgs
    $0
    Other
    $93,848
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,860
    Bonus
    not reported
    Other
    not reported
    Deferred
    $61,090
    Nontaxable benefits
    $32,758
    Filer's total
    $407,708

  • Clint Getzfreid

    General Foreman

    Total calculated
    $189,243
    From this org
    $136,609
    From related orgs
    $0
    Other
    $52,634
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $136,609
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,427
    Nontaxable benefits
    $23,207
    Filer's total
    $189,243

  • Russell Burden

    Line Foreman

    Total calculated
    $170,205
    From this org
    $120,006
    From related orgs
    $0
    Other
    $50,199
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $120,006
    Bonus
    not reported
    Other
    not reported
    Deferred
    $26,992
    Nontaxable benefits
    $23,207
    Filer's total
    $170,205

  • Joseph Herman

    Line Foreman

    Total calculated
    $165,532
    From this org
    $112,898
    From related orgs
    $0
    Other
    $52,634
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $112,898
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,427
    Nontaxable benefits
    $23,207
    Filer's total
    $165,532

  • Randy Theasmeyer

    Line Superintendent

    Total calculated
    $163,376
    From this org
    $126,457
    From related orgs
    $0
    Other
    $36,919
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,457
    Bonus
    not reported
    Other
    not reported
    Deferred
    $35,427
    Nontaxable benefits
    $1,492
    Filer's total
    $163,376

  • Anthony Nelson

    Lineman

    Total calculated
    $161,696
    From this org
    $111,497
    From related orgs
    $0
    Other
    $50,199
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $111,497
    Bonus
    not reported
    Other
    not reported
    Deferred
    $26,992
    Nontaxable benefits
    $23,207
    Filer's total
    $161,696

  • Jeff Pillow

    General Manager

    Total calculated
    $91,043
    From this org
    $72,833
    From related orgs
    $0
    Other
    $18,210
    Hours/week
    0

  • John Joyce

    President

    Total calculated
    $23,600
    From this org
    $23,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Stephen Helburn

    Secretary

    Total calculated
    $16,500
    From this org
    $16,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.5

  • John Fernandez

    Director

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • William Bridges

    Vice President

    Total calculated
    $12,600
    From this org
    $12,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Sara Schlattmann

    Treasurer

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 July 2025
IRS schema version
2024v5.1
Source object
202511989349300031

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