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Nonprofiteer
← ARROWHEAD ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by ARROWHEAD ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$17,965,861
Total expenses
$14,869,024
Contributions and grants received
$1,846,227
Grants paid
$0
Program service revenue
$15,746,443
Investment income
$16,164
Other revenue
$357,027
Total assets, end of year
$50,813,613
Total liabilities, end of year
$26,593,683
Net assets or fund balances, end of year
$24,219,930
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1e · Government grants (contributions)

    $1,846,227

  • 2a · Program service revenue: ELECTRIC REVENUE

    total $11,610,242 · related or exempt $11,610,242

  • 2b · Program service revenue: TELECOM REVENUE

    total $4,136,201 · related or exempt $4,136,201

  • 3 · Investment income

    total $16,164 · excluded $16,164

  • 11a · Other revenue: CAPITAL CREDITS

    total $357,027 · related or exempt $357,027

  • 11e · Other revenue, total

    $357,027

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $583,725

  • 12 · Advertising and promotion

    total $60,271

  • 20 · Interest

    total $982,893

  • 22 · Depreciation, depletion and amortization

    total $1,566,232

  • 24a · Other expenses: COST OF POWER

    total $5,690,755

  • 24b · Other expenses: TELECOM - PLANT OPERATI

    total $1,994,665

  • 24c · Other expenses: DISTRIBUTIONS - OPERATI

    total $1,015,060

  • 24d · Other expenses: DISTRIBUTIONS - MAINTEN

    total $864,419

  • 24e · All other expenses

    total $2,111,004

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,963 · end of year $786,967

  • 2 · Savings and temporary cash investments

    beginning of year $285,996 · end of year $252,445

  • 4 · Accounts receivable

    beginning of year $2,043,835 · end of year $2,085,620

  • 8 · Inventories for sale or use

    beginning of year $3,037,924 · end of year $2,614,665

  • 9 · Prepaid expenses and deferred charges

    beginning of year $215,530 · end of year $264,087

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

    $62,019,805

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

    $22,846,543

  • 10c · Land, buildings and equipment, net

    beginning of year $34,755,401 · end of year $39,173,262

  • 12 · Investments: other securities

    beginning of year $5,135,581 · end of year $5,312,647

  • 15 · Other assets

    beginning of year $0 · end of year $323,920

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,518,205 · end of year $4,177,153

  • 23 · Secured mortgages and notes payable

    beginning of year $13,588,798 · end of year $18,548,355

  • 24 · Unsecured notes and loans payable

    beginning of year $6,000,000 · end of year $3,000,000

  • 25 · Other liabilities

    beginning of year $1,789,347 · end of year $868,175

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $21,609,880 · end of year $24,219,930

Mission and programs · 2024

Mission

ELECTRIC ENERGY DISTRIBUTION

  • DISTRIBUTED ELECTRIC ENERGY AND OTHER SERVICES TO CONSUMERS.

As filed on the 2024 return.

Listed in Part VII

  • Stanley Tull

    DIRECTOR THROUGH JULY, PRESIDENT

    Total calculated
    $11,490
    From this org
    $11,490
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Mike Littfin

    PRESIDENT THROUGH JULY,VICE PRESIDENT

    Total calculated
    $11,080
    From this org
    $11,080
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Matthew Schuerger

    DIRECTOR BEGINNING AUGUST

    Total calculated
    $3,800
    From this org
    $3,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Roger Opp

    TREASURER

    Total calculated
    $11,534
    From this org
    $11,534
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Donna Lunke

    SECRETARY

    Total calculated
    $13,200
    From this org
    $13,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Michael Valentini

    VICE PRESIDENT THROUGH JULY

    Total calculated
    $5,800
    From this org
    $5,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Don McKeever

    DIRECTOR

    Total calculated
    $10,200
    From this org
    $10,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Sharon Hexum-Platzer

    DIRECTOR

    Total calculated
    $16,115
    From this org
    $16,115
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Jenny Kartes

    DIRECTOR OF FINANCE

    Total calculated
    $192,589
    From this org
    $144,425
    From related orgs
    $0
    Other
    $48,164
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $144,425
    Bonus
    $0
    Other
    $0
    Deferred
    $19,423
    Nontaxable benefits
    $28,741
    Filer's total
    $192,589

  • John Twiest

    GENERAL MANAGER/CEO

    Total calculated
    $307,918
    From this org
    $237,085
    From related orgs
    $0
    Other
    $70,833
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $237,085
    Bonus
    $0
    Other
    $0
    Deferred
    $41,569
    Nontaxable benefits
    $29,264
    Filer's total
    $307,918

  • Sara McManus

    MEMBER SERVICE MANAGER

    Total calculated
    $189,028
    From this org
    $142,050
    From related orgs
    $0
    Other
    $46,978
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,050
    Bonus
    $0
    Other
    $0
    Deferred
    $18,389
    Nontaxable benefits
    $28,589
    Filer's total
    $189,028

  • Derrick Seidel

    COMMUNICATION LINEMAN

    Total calculated
    $195,984
    From this org
    $155,553
    From related orgs
    $0
    Other
    $40,431
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $155,553
    Bonus
    $0
    Other
    $0
    Deferred
    $12,830
    Nontaxable benefits
    $27,601
    Filer's total
    $195,984

  • Cody Selger

    LINEMAN

    Total calculated
    $177,566
    From this org
    $160,650
    From related orgs
    $0
    Other
    $16,916
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $160,650
    Bonus
    $0
    Other
    $0
    Deferred
    $2,670
    Nontaxable benefits
    $14,246
    Filer's total
    $177,566

  • Erick Arnold

    COMMUNICATION LINEMAN

    Total calculated
    $175,740
    From this org
    $135,096
    From related orgs
    $0
    Other
    $40,644
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $135,096
    Bonus
    $0
    Other
    $0
    Deferred
    $12,700
    Nontaxable benefits
    $27,944
    Filer's total
    $175,740

  • Nathan Norquest

    LINEMAN

    Total calculated
    $148,079
    From this org
    $133,742
    From related orgs
    $0
    Other
    $14,337
    Hours/week
    54

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 committee
  • 3 · Independent compensation consultant
  • 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
18 November 2025
IRS schema version
2024v5.2
Source object
202543579349300504

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