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Nonprofiteer
← TRICO ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by TRICO ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$124,295,012
Total expenses
$122,977,431
Contributions and grants received
$0
Grants paid
$140,500
Program service revenue
$123,158,306
Investment income
$635,600
Other revenue
$501,106
Total assets, end of year
$308,378,003
Total liabilities, end of year
$159,050,208
Net assets or fund balances, end of year
$149,327,795
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • DAVID PROCTOR

    DIRECTOR (NOV-DEC)

    Total calculated
    $6,768
    From this org
    $6,768
    From related orgs
    $0
    Other
    $0
    Hours/week
    4 + 1 related

  • JERRY RUTHERFORD

    ASST. SECRETARY/TREASURER

    Total calculated
    $15,933
    From this org
    $15,933
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related

  • JOE KING

    TREASURER

    Total calculated
    $10,011
    From this org
    $10,011
    From related orgs
    $0
    Other
    $0
    Hours/week
    4 + 1 related

  • L NICK BUCKELEW

    DIRECTOR (JAN-JUNE)

    Total calculated
    $2,256
    From this org
    $2,256
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9 + 1 related

  • LARRY HINCHLIFFE

    PRESIDENT

    Total calculated
    $14,100
    From this org
    $14,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    4 + 1 related

  • MARSHA THOMPSON

    VICE PRESIDENT

    Total calculated
    $16,638
    From this org
    $16,638
    From related orgs
    $0
    Other
    $0
    Hours/week
    4 + 1 related

  • ARNOLDO BURRUEL

    SECRETARY (JAN-SEPT)

    Total calculated
    $5,640
    From this org
    $5,640
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.6 + 1 related

  • DARREL BIRKHIMER

    DIRECTOR

    Total calculated
    $23,688
    From this org
    $23,688
    From related orgs
    $0
    Other
    $0
    Hours/week
    8 + 1 related

  • KEVIN MCCARTHY

    SECRETARY

    Total calculated
    $14,946
    From this org
    $14,946
    From related orgs
    $0
    Other
    $0
    Hours/week
    4 + 1 related

  • ERIC HAWKINS

    CHIEF OPERATING OFFICER/GC

    Total calculated
    $273,466
    From this org
    $226,427
    From related orgs
    $0
    Other
    $47,039
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $224,903
    Bonus
    $500
    Other
    $1,024
    Deferred
    $27,937
    Nontaxable benefits
    $19,102
    Filer's total
    $273,466

  • JAMES FREEMAN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $257,567
    From this org
    $182,273
    From related orgs
    $0
    Other
    $75,294
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $179,377
    Bonus
    $500
    Other
    $2,396
    Deferred
    $50,482
    Nontaxable benefits
    $24,812
    Filer's total
    $257,567

  • BRIAN HEITHOFF

    CHIEF EXECUTIVE OFFICER/GM

    Total calculated
    $472,093
    From this org
    $380,402
    From related orgs
    $0
    Other
    $91,691
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $366,617
    Bonus
    $500
    Other
    $13,285
    Deferred
    $74,153
    Nontaxable benefits
    $17,538
    Filer's total
    $472,093

  • TOREY BELL

    MANAGER OF ENGINEERING

    Total calculated
    $265,265
    From this org
    $168,545
    From related orgs
    $0
    Other
    $96,720
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $157,964
    Bonus
    $500
    Other
    $10,081
    Deferred
    $72,519
    Nontaxable benefits
    $24,201
    Filer's total
    $265,265

  • MATT FREDERICKSON

    JOURNEYMAN LINEMAN

    Total calculated
    $199,044
    From this org
    $147,412
    From related orgs
    $0
    Other
    $51,632
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $144,265
    Bonus
    $500
    Other
    $2,647
    Deferred
    $24,937
    Nontaxable benefits
    $26,695
    Filer's total
    $199,044

  • BLAKE REIS

    JOURNEYMAN LINEMAN

    Total calculated
    $197,861
    From this org
    $158,164
    From related orgs
    $0
    Other
    $39,697
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $157,455
    Bonus
    $500
    Other
    $209
    Deferred
    $11,911
    Nontaxable benefits
    $27,786
    Filer's total
    $197,861

  • LESLIE HUNT

    JOURNEYMAN LINEMAN

    Total calculated
    $182,693
    From this org
    $144,866
    From related orgs
    $0
    Other
    $37,827
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $144,067
    Bonus
    $500
    Other
    $299
    Deferred
    $14,615
    Nontaxable benefits
    $23,212
    Filer's total
    $182,693

  • JEREMY KONSKI

    JOURNEYMAN LINEMAN

    Total calculated
    $207,602
    From this org
    $166,996
    From related orgs
    $0
    Other
    $40,606
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $166,275
    Bonus
    $500
    Other
    $221
    Deferred
    $14,157
    Nontaxable benefits
    $26,449
    Filer's total
    $207,602

  • RICHARD JANNEY

    JOURNEYMAN LINEMAN

    Total calculated
    $159,531
    From this org
    $145,624
    From related orgs
    $0
    Other
    $13,907
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $145,004
    Bonus
    $500
    Other
    $120
    Deferred
    $5,365
    Nontaxable benefits
    $8,542
    Filer's total
    $159,531

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 · Form 990 of other organizations
  • 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

The filer's explanations (Part III)

PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTION TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. BRIAN HEITHOFF: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 60,953 EMPLOYER CONTRIBUTION TO 401(K) PLAN 13,200 TOTAL REPORTED IN COLUMN C $ 74,153 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (60,953) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 106,897 EXPENSE TO COOPERATIVE $ 120,097 ERIC HAWKINS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 18,798 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,139 TOTAL REPORTED IN COLUMN C $ 27,937 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (18,798) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 65,295 EXPENSE TO COOPERATIVE $ 74,434 TOREY BELL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 66,005 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,514 TOTAL REPORTED IN COLUMN C $ 72,519 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (66,005) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 48,039 EXPENSE TO COOPERATIVE $ 54,553 JAMES FREEMAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 42,881 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,601 TOTAL REPORTED IN COLUMN C $ 50,482 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (42,881) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 54,133 EXPENSE TO COOPERATIVE $ 61,734 JEREMY KONSKI: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 9,309 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,848 TOTAL REPORTED IN COLUMN C $ 14,157 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (9,309) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 28,360 EXPENSE TO COOPERATIVE $ 33,208 MATT FREDERICKSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 18,916 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,021 TOTAL REPORTED IN COLUMN C $ 24,937 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (18,916) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 42,855 EXPENSE TO COOPERATIVE $ 48,876 BLAKE REIS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 7,353 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,558 TOTAL REPORTED IN COLUMN C $ 11,911 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (7,353) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,129 EXPENSE TO COOPERATIVE $ 30,687 LESLIE HUNT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 10,063 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,552 TOTAL REPORTED IN COLUMN C $ 14,615 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (10,063) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,129 EXPENSE TO COOPERATIVE $ 30,681 RICHARD JANNEY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 2,741 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,624 TOTAL REPORTED IN COLUMN C $ 5,365 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (2,741) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,129 EXPENSE TO COOPERATIVE $ 28,753

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • TRICO FOUNDATION

    501(C)3 · TO PROVIDE COLLEGE SCHOLARSHIPS TO MEMEBERS OF THE COOPERATIVE. · AZ · controlled entity

    Directly controlled by TRICO ELECTRIC COOPERATIVE

  • TRICO ELECTRIC CHARITABLE TRUST

    501(C)3 · TO PROVIDE CHARITABLE GRANTS TO RESIDENTS OF THE COOPERATIVE'S SERVICE AREA. · AZ · controlled entity

    Directly controlled by TRICO ELECTRIC COOPERATIVE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AVION SOLAR LLC

    C · SOLAR ENERGY · AZ · 100% owned · share of income $2,280,914 · share of assets $23,074,318 · controlled entity

    Directly controlled by TRICO ELECTRIC COOPERATIVE INC

  • CHIRREON ENERGY LLC

    C · SOLAR ENERGY · AZ · 100% owned · share of income $3,055,256 · share of assets $27,336,889 · controlled entity

    Directly controlled by TRICO ELECTRIC COOPERATIVE INC

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443209349324139

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