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Nonprofiteer
← MOON LAKE ELECTRIC ASSOCIATION INC

Form 990 for tax year 2024

Filed by MOON LAKE ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$98,932,345
Total expenses
$90,356,148
Contributions and grants received
$0
Grants paid
$80,604
Program service revenue
$96,652,040
Investment income
$1,871,671
Other revenue
$408,634
Total assets, end of year
$162,452,040
Total liabilities, end of year
$52,812,580
Net assets or fund balances, end of year
$109,639,460
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$90,356,148

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: Sale of Electricity

    total $96,083,528 · related or exempt $96,083,528 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Patronage Capital

    total $568,512 · related or exempt $568,512 · 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 $1,799,567 · related or exempt $1,799,567 · 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 $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $63,699 · personal property $3,404

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $63,699 · personal property $3,404

  • 6d · Net rental income or loss

    total $67,103 · related or exempt $67,103 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $209,653

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $137,549

  • 7c · Gain or loss

    securities $0 · other assets $72,104

  • 7d · Net gain or loss

    total $72,104 · related or exempt $72,104 · unrelated business $0 · excluded $0

  • 11a · Other revenue: FAS 106 Adj

    total $341,531 · related or exempt $341,531 · unrelated business $0 · excluded $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $341,531

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $75,910

  • 2 · Grants to domestic individuals

    total $4,694

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $31,163

  • 5 · Compensation of officers, directors and key employees

    total $1,327,472

  • 7 · Other salaries and wages

    total $3,602,130

  • 8 · Pension plan contributions

    total $1,830,862

  • 9 · Other employee benefits

    total $1,544,346

  • 10 · Payroll taxes

    total $571,112

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $6,910

  • 11c · Fees: accounting

    total $17,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $1,340,932

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,793,411

  • 23 · Insurance

    total $0

  • 24a · Other expenses: POWER PURCHASED & PRODUCTION

    total $66,760,185

  • 24b · Other expenses: DISTRIBUTION OPERATION & MAINTENANCE

    total $4,312,089

  • 24c · Other expenses: ADMIN & GENERAL

    total $2,964,254

  • 24d · Other expenses: TRANSMISSION OPERATION & MAINTENANCE

    total $506,756

  • 24e · All other expenses

    total $666,922

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 $9,594,189 · end of year $6,683,878

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $9,937,279 · end of year $10,558,068

  • 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 $4,847,575 · end of year $9,185,759

  • 8 · Inventories for sale or use

    beginning of year $7,912,564 · end of year $8,025,726

  • 9 · Prepaid expenses and deferred charges

    beginning of year $690,292 · end of year $645,052

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

    $177,812,327

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

    $82,387,539

  • 10c · Land, buildings and equipment, net

    beginning of year $82,595,360 · end of year $95,424,788

  • 11 · Investments: publicly traded securities

    beginning of year $37,746,283 · end of year $26,747,016

  • 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 $1,390,832

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $4,044,466 · end of year $3,789,971

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,205,693 · end of year $13,447,887

  • 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 $31,525,025 · end of year $30,390,536

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $8,255,809 · end of year $8,974,157

  • 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 $96,383,345 · end of year $101,063,263

  • 31 · Retained earnings, endowment or other funds

    beginning of year $10,389,918 · end of year $8,576,197

Mission and programs · 2024

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 $90,356,148 · Revenue $98,932,345

As filed on the 2024 return.

Listed in Part VII

  • Yankton Johnson

    General Manager/CEO

    Total calculated
    $458,531
    From this org
    $329,464
    From related orgs
    $0
    Other
    $129,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,539
    Bonus
    $41,685
    Other
    $22,240
    Deferred
    $83,582
    Nontaxable benefits
    $45,485
    Filer's total
    $458,531

  • Michael J Griffiths

    Manager - Engineering

    Total calculated
    $303,018
    From this org
    $208,865
    From related orgs
    $0
    Other
    $94,153
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,496
    Bonus
    $15,320
    Other
    $4,049
    Deferred
    $59,288
    Nontaxable benefits
    $34,865
    Filer's total
    $303,018

  • Curtis F Miles

    Manager - Operations

    Total calculated
    $260,446
    From this org
    $181,946
    From related orgs
    $0
    Other
    $78,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,482
    Bonus
    $15,920
    Other
    $4,545
    Deferred
    $49,377
    Nontaxable benefits
    $29,123
    Filer's total
    $260,447

  • John Zilles

    CFO/Manager of Finance

    Total calculated
    $252,112
    From this org
    $169,248
    From related orgs
    $0
    Other
    $82,864
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,382
    Bonus
    $15,790
    Other
    $3,076
    Deferred
    $47,841
    Nontaxable benefits
    $35,023
    Filer's total
    $252,112

  • Nathan D Goodrich

    Manager of Information Technology

    Total calculated
    $246,115
    From this org
    $169,297
    From related orgs
    $0
    Other
    $76,818
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,519
    Bonus
    $15,245
    Other
    $11,533
    Deferred
    $45,056
    Nontaxable benefits
    $31,763
    Filer's total
    $246,116

  • Dean Sellers

    Manager - Legal

    Total calculated
    $237,040
    From this org
    $157,228
    From related orgs
    $0
    Other
    $79,812
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,619
    Bonus
    $15,330
    Other
    $3,278
    Deferred
    $44,563
    Nontaxable benefits
    $35,248
    Filer's total
    $237,038

  • Cody J Aland

    Technical Services Supervisor

    Total calculated
    $205,222
    From this org
    $138,054
    From related orgs
    $0
    Other
    $67,168
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,780
    Bonus
    $1,845
    Other
    $13,429
    Deferred
    $39,150
    Nontaxable benefits
    $28,018
    Filer's total
    $205,222

  • Robert R Richens

    line Superintendent

    Total calculated
    $204,472
    From this org
    $136,629
    From related orgs
    $0
    Other
    $67,843
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,027
    Bonus
    $2,455
    Other
    $2,147
    Deferred
    $40,771
    Nontaxable benefits
    $27,072
    Filer's total
    $204,472

  • Nicholas R Brown

    Line Crew Forman

    Total calculated
    $202,402
    From this org
    $137,615
    From related orgs
    $0
    Other
    $64,787
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $129,913
    Bonus
    $2,140
    Other
    $5,561
    Deferred
    $36,768
    Nontaxable benefits
    $28,018
    Filer's total
    $202,400

  • Marty A Herrera

    Safety Coordinator

    Total calculated
    $181,212
    From this org
    $136,059
    From related orgs
    $0
    Other
    $45,153
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,930
    Bonus
    $1,075
    Other
    $22,054
    Deferred
    $35,912
    Nontaxable benefits
    $9,240
    Filer's total
    $181,211

  • Steve T Nelson

    Maintenance Planner

    Total calculated
    $173,068
    From this org
    $134,625
    From related orgs
    $0
    Other
    $38,443
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,724
    Bonus
    $2,015
    Other
    $11,886
    Deferred
    $35,457
    Nontaxable benefits
    $2,986
    Filer's total
    $173,068

  • Tommy Kent Olsen

    Board Member

    Total calculated
    $29,241
    From this org
    $29,241
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Bert AL Potts

    Board Member

    Total calculated
    $26,298
    From this org
    $26,298
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Randon J Vincent

    Board President

    Total calculated
    $25,050
    From this org
    $25,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kenneth A Moon

    Board Member

    Total calculated
    $21,762
    From this org
    $21,762
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Josh Hunter

    Board Secretary

    Total calculated
    $21,450
    From this org
    $21,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gregory Miles

    Board Member

    Total calculated
    $20,450
    From this org
    $20,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Alan Robert Ducey

    Board Member

    Total calculated
    $19,426
    From this org
    $19,426
    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
Part I Line 1 -- 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. -- Part I Line 1 -- Tax Indemnification and gross-up payments -- Per the CFO/Manager of Finance and CEO/General Manager, all employees received gross-up payments to assist with the taxes associated to the employee's Christmas gifts and bonus.
Schedule J, Part I, Line 1b
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

    $20,492

    DONATION TO THE DUCHESNE COUNTY FAIR AND THE DUCHESNE COUNTY JR LIVESTOCK PROGRAM

  • UINTAH BASIN JUNIOR LIVESTOCK SHOW

    $5,659

    DONATION TO THE UINTAH BASIN JR LIVESTOCK PROGRAM

Provenance

Return type
form_990
Tax year
2024
Filed
31 March 2025
IRS schema version
2024v5.0
Source object
202510909349300241

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