Form 990 for tax year 2025

Filed by MOON LAKE ELECTRIC ASSOCIATION INC.

Totals

Total revenue: $103,405,938
Total expenses: $93,878,579
Contributions and grants received: $0
Grants paid: $103,976
Program service revenue: $101,688,691
Investment income: $1,610,558
Other revenue: $106,689
Total assets, end of year: $166,890,457
Total liabilities, end of year: $48,165,166
Net assets or fund balances, end of year: $118,725,291
Program services expenses (Part IX): $93,878,579
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $93,878,579

Program services were 100.0% 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: Sale of Electricity

total $101,147,969 · related or exempt $101,147,969 · unrelated business $0 · excluded $0
2b · Program service revenue: Patronage Capital

total $540,722 · related or exempt $540,722 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $1,409,779 · related or exempt $1,409,779 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $10,588 · related or exempt $10,588 · unrelated business $0 · excluded $0
6a · Gross rents

real property $90,294 · personal property $5,807
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $90,294 · personal property $5,807
6d · Net rental income or loss

total $96,101 · related or exempt $96,101 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $0 · other assets $288,205
7b · Less cost or other basis and sales expenses

securities $0 · other assets $87,426
7c · Gain or loss

securities $0 · other assets $200,779
7d · Net gain or loss

total $200,779 · related or exempt $200,779 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $103,976 · program services $103,976
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $18,122 · program services $18,122
5 · Compensation of officers, directors and key employees

total $1,811,703 · program services $1,811,703 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $5,395,058 · program services $5,395,058 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $1,578,021 · program services $1,578,021 · management and general $0 · fundraising $0
9 · Other employee benefits

total $1,451,541 · program services $1,451,541 · management and general $0 · fundraising $0
10 · Payroll taxes

total $614,346 · program services $614,346 · management and general $0 · fundraising $0
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $0 · program services $0 · management and general $0 · fundraising $0
11c · Fees: accounting

total $15,776 · program services $15,776 · management and general $0 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $0 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $0 · program services $0 · management and general $0 · fundraising $0
14 · Information technology

total $0 · program services $0 · management and general $0 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $0 · program services $0 · management and general $0 · fundraising $0
17 · Travel

total $0 · program services $0 · management and general $0 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $0 · program services $0 · management and general $0 · fundraising $0
20 · Interest

total $1,293,195 · program services $1,293,195 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $5,044,981 · program services $5,044,981 · management and general $0 · fundraising $0
23 · Insurance

total $0 · program services $0 · management and general $0 · fundraising $0
24a · Other expenses: Power Purchased & Production

total $69,003,658 · program services $69,003,658 · management and general $0 · fundraising $0
24b · Other expenses: Distribution Operation & Maintenance

total $4,184,915 · program services $4,184,915 · management and general $0 · fundraising $0
24c · Other expenses: Admin & General

total $2,343,110 · program services $2,343,110 · management and general $0 · fundraising $0
24d · Other expenses: Transmission Operation & Maintenance

total $242,653 · program services $242,653 · management and general $0 · fundraising $0
24e · All other expenses

total $777,524 · program services $777,524 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $950 · end of year $950
2 · Savings and temporary cash investments

beginning of year $6,683,878 · end of year $7,132,657
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $10,558,068 · end of year $9,376,515
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $9,185,759 · end of year $4,079,366
8 · Inventories for sale or use

beginning of year $8,025,726 · end of year $8,439,611
9 · Prepaid expenses and deferred charges

beginning of year $645,052 · end of year $1,613,842
10a · Land, buildings and equipment: cost or other basis

$190,164,072
10b · Land, buildings and equipment: accumulated depreciation

$84,707,469
10c · Land, buildings and equipment, net

beginning of year $95,424,788 · end of year $105,456,603
11 · Investments: publicly traded securities

beginning of year $26,747,016 · end of year $25,900,478
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $1,390,832 · end of year $1,336,582
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $3,789,971 · end of year $3,553,853
17 · Accounts payable and accrued expenses

beginning of year $13,447,887 · end of year $13,223,081
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $30,390,536 · end of year $29,236,487
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $8,974,157 · end of year $5,705,598
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 $101,063,263 · end of year $109,197,933
31 · Retained earnings, endowment or other funds

beginning of year $8,576,197 · end of year $9,527,358

Mission and programs · 2025

Mission

Provide a safe and efficient electrical system to deliver power to members.

Provide a safe and efficient electrical system to deliver power to members.

Expenses $93,878,579 · Revenue $103,405,938

As filed on the 2025 return.

Listed in Part VII

Yankton A Johnson

CEO/General Manager

Total calculated

$505,657

From this org

$384,042

From related orgs

$0

Other

$121,615

Hours/week

42

Schedule J breakdown matched by us

Base

$291,468

Bonus

$70,730

Other

$21,844

Deferred

$90,187

Nontaxable benefits

$31,428

Filer's total

$505,657
Michael J Griffiths

Engineering Manager

Total calculated

$329,837

From this org

$235,260

From related orgs

$0

Other

$94,577

Hours/week

42

Schedule J breakdown matched by us

Base

$205,549

Bonus

$25,540

Other

$4,171

Deferred

$63,013

Nontaxable benefits

$31,563

Filer's total

$329,836
Curtis F Miles

Operations Manager

Total calculated

$297,099

From this org

$211,492

From related orgs

$0

Other

$85,607

Hours/week

42

Schedule J breakdown matched by us

Base

$166,766

Bonus

$28,045

Other

$16,681

Deferred

$53,342

Nontaxable benefits

$32,265

Filer's total

$297,099
John Zilles

CFO/Finance Manager

Total calculated

$280,164

From this org

$197,234

From related orgs

$0

Other

$82,930

Hours/week

42

Schedule J breakdown matched by us

Base

$166,219

Bonus

$27,125

Other

$3,890

Deferred

$51,722

Nontaxable benefits

$31,209

Filer's total

$280,165
Nathan D Goodrich

Information Technology Manager

Total calculated

$269,870

From this org

$190,329

From related orgs

$0

Other

$79,541

Hours/week

42

Schedule J breakdown matched by us

Base

$152,340

Bonus

$25,430

Other

$12,559

Deferred

$48,292

Nontaxable benefits

$31,249

Filer's total

$269,870
Vern Allred

Engineering Project Coordinator

Total calculated

$266,010

From this org

$193,231

From related orgs

$0

Other

$72,779

Hours/week

44

Schedule J breakdown matched by us

Base

$137,880

Bonus

$1,507

Other

$53,844

Deferred

$41,829

Nontaxable benefits

$30,950

Filer's total

$266,010
Dean Sellers

Legal Administrative Advisor

Total calculated

$258,205

From this org

$179,407

From related orgs

$0

Other

$78,798

Hours/week

42

Schedule J breakdown matched by us

Base

$151,258

Bonus

$23,750

Other

$4,399

Deferred

$47,586

Nontaxable benefits

$31,212

Filer's total

$258,205
Nicholas R Brown

Line Crew Forman

Total calculated

$231,577

From this org

$161,334

From related orgs

$0

Other

$70,243

Hours/week

45

Schedule J breakdown matched by us

Base

$142,722

Bonus

$1,677

Other

$16,935

Deferred

$39,355

Nontaxable benefits

$30,888

Filer's total

$231,577
Cody J Aland

Technical Services Supervisor

Total calculated

$222,005

From this org

$152,223

From related orgs

$0

Other

$69,782

Hours/week

42

Schedule J breakdown matched by us

Base

$132,910

Bonus

$2,125

Other

$17,188

Deferred

$41,511

Nontaxable benefits

$28,271

Filer's total

$222,005
Robert R Richens

Line Superintendent

Total calculated

$218,827

From this org

$145,951

From related orgs

$0

Other

$72,876

Hours/week

42

Schedule J breakdown matched by us

Base

$139,996

Bonus

$2,195

Other

$3,760

Deferred

$43,020

Nontaxable benefits

$29,856

Filer's total

$218,827
Wayne L Malnar

Line Crew Forman

Total calculated

$187,423

From this org

$147,161

From related orgs

$0

Other

$40,262

Hours/week

43

Schedule J breakdown matched by us

Base

$137,341

Bonus

$1,962

Other

$7,858

Deferred

$36,016

Nontaxable benefits

$4,246

Filer's total

$187,423
Randon J Vincent

Board Member

Total calculated

$28,375

From this org

$28,375

From related orgs

$0

Other

$0

Hours/week

1
Bert Al Potts

Board Secretary

Total calculated

$27,578

From this org

$27,578

From related orgs

$0

Other

$0

Hours/week

1
Alan Robert Ducey

Board President

Total calculated

$22,425

From this org

$22,425

From related orgs

$0

Other

$0

Hours/week

1
Kenneth A Moon

Board Vice President

Total calculated

$22,275

From this org

$22,275

From related orgs

$0

Other

$0

Hours/week

1
Gregory Miles

Board Member

Total calculated

$22,002

From this org

$22,002

From related orgs

$0

Other

$0

Hours/week

1
Josh Hunter

Board Member

Total calculated

$21,975

From this org

$21,975

From related orgs

$0

Other

$0

Hours/week

1
Brian Ross

Board Member

Total calculated

$18,921

From this org

$18,921

From related orgs

$0

Other

$0

Hours/week

1
Tommy Kent Olsen

Board Member

Total calculated

$8,900

From this org

$8,900

From related orgs

$0

Other

$0

Hours/week

1

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

1a · Travel for companions
1a · Tax indemnification and gross-up payments
2 · Substantiation required before reimbursing expenses
3 · Approval by the board or compensation committee

Answered no

1b · Written policy on the line-1a expenses
4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 1a: Travel for Companions -- Per the Moon Lake Electric Travel Policy all employees are allowed to take their spouse on 1 trip per year paid by Moon Lake Electric Association Inc. The cost of the spouse travel is added as a taxable benefit and reported on the employees W2 in Box 1, 3, and 5. ---- Tax Indemnification and gross-up payments -- Employees may receive gross-up payments to assist with the taxes associated to the employee's gifts and service awards.
Schedule J, Part I, Line 1b: See notes for Schedule J, Part I, Line 1a.

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

DUCHESNE COUNTY

$17,290

Donation to the Duchesne County Fair and the Duchesne County Jr Livestock Program.
UPPER COMMUNITY RECREATION DISTRICT

$10,000

Improvements to be made to rodeo grounds.

Provenance

Return type: form_990
Tax year: 2025
Filed: 31 March 2026
IRS schema version: 2025v4.0
Source object: 202640849349301344

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