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Nonprofiteer
← SIERRA ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by SIERRA ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$12,188,226
Total expenses
$12,188,226
Contributions and grants received
$0
Grants paid
$29,381
Program service revenue
$11,923,180
Investment income
$184,472
Other revenue
$80,574
Total assets, end of year
$31,757,090
Total liabilities, end of year
$17,654,796
Net assets or fund balances, end of year
$14,102,294
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.

  • 2a · Program service revenue: SALES OF ELECTRICITY

    total $11,610,563 · related or exempt $11,610,563

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $304,181 · related or exempt $304,181

  • 2c · Program service revenue: SERVICE FEES

    total $8,436 · related or exempt $8,436

  • 3 · Investment income

    total $184,472 · excluded $184,472

  • 10a · Gross sales of inventory

    $222

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $222 · related or exempt $222

  • 11a · Other revenue: POLE ATTACHMENT INCOME

    total $80,352 · excluded $80,352

  • 11e · Other revenue, total

    $80,352

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $29,381

  • 4 · Benefits paid to or for members

    total $967,485

  • 5 · Compensation of officers, directors and key employees

    total $338,561

  • 7 · Other salaries and wages

    total $841,835

  • 8 · Pension plan contributions

    total $59,579

  • 9 · Other employee benefits

    total $207,991

  • 10 · Payroll taxes

    total $80,234

  • 20 · Interest

    total $510,298

  • 22 · Depreciation, depletion and amortization

    total $829,722

  • 24a · Other expenses: PURCHASED POWER

    total $7,231,912

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $504,263

  • 24c · Other expenses: ADMIN & GENERAL EXPENSE

    total $473,121

  • 24d · Other expenses: CONSUMER EXPENSE

    total $113,424

  • 24e · All other expenses

    total $420

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $382,336 · end of year $529,891

  • 2 · Savings and temporary cash investments

    beginning of year $1,450,000 · end of year $3,820,017

  • 4 · Accounts receivable

    beginning of year $1,090,700 · end of year $1,121,207

  • 8 · Inventories for sale or use

    beginning of year $266,317 · end of year $313,586

  • 9 · Prepaid expenses and deferred charges

    beginning of year $364,907 · end of year $407,335

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

    $29,927,797

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

    $10,826,246

  • 10c · Land, buildings and equipment, net

    beginning of year $19,223,879 · end of year $19,101,551

  • 11 · Investments: publicly traded securities

    beginning of year $869,065 · end of year $983,410

  • 13 · Investments: program-related

    beginning of year $5,199,889 · end of year $5,455,853

  • 15 · Other assets

    beginning of year $61,387 · end of year $24,240

  • 17 · Accounts payable and accrued expenses

    beginning of year $791,364 · end of year $677,839

  • 19 · Deferred revenue

    end of year $18,746

  • 23 · Secured mortgages and notes payable

    beginning of year $14,253,467 · end of year $16,428,568

  • 25 · Other liabilities

    beginning of year $515,248 · end of year $529,643

  • 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 $13,348,401 · end of year $14,102,294

Mission and programs · 2025

Mission

SIERRA ELECTRIC COOPERATIVE IS DEDICATED TO PROVIDE TOP QUALITY ELECTRIC SERVICE TO OUR VALUED MEMBERS, AT COMPETITIVE PRICES, WHILE NAVIGATING COMPLEX CHANGES IN OUR INDUSTRY. WE WILL EMPOWER OUR BOARD OF TRUSTEES AND OUR EMPLOYEES TO MAXIMIZE THEIR POTENTIAL THROUGH TEAMWORK AND THROUGH OUR SHARED COMMITMENT TO THE MEMBERS AND COMMUNITIES WE SERVE.

Activities or mission (Part I)

TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.

  • SALE OF ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 4,684 ACTIVE SERVICES AT YEAR END.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dennis Franklin

    TRUSTEE

    Total calculated
    $8,600
    From this org
    $8,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.2

  • Tami Garrett

    PRESIDENT

    Total calculated
    $10,060
    From this org
    $10,060
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.2

  • Judy Smith

    TRUSTEE

    Total calculated
    $8,235
    From this org
    $8,235
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.7

  • Darryl Sullivan

    TREASURER

    Total calculated
    $9,314
    From this org
    $9,314
    From related orgs
    $0
    Other
    $0
    Hours/week
    30.2

  • Warren Strong

    SECRETARY

    Total calculated
    $8,810
    From this org
    $8,810
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.7

  • Raymond Ruffini

    VICE PRESIDENT

    Total calculated
    $10,385
    From this org
    $10,385
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.6

  • Paul Scott

    TRUSTEE

    Total calculated
    $8,510
    From this org
    $8,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ray Hodges

    TRUSTEE

    Total calculated
    $8,660
    From this org
    $8,660
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.8

  • April Romero

    TRUSTEE

    Total calculated
    $8,660
    From this org
    $8,660
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Guy Payne

    EVP/GENERAL MANAGER

    Total calculated
    $257,327
    From this org
    $204,533
    From related orgs
    $0
    Other
    $52,794
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $194,122
    Bonus
    $9,500
    Other
    $911
    Deferred
    $22,387
    Nontaxable benefits
    $30,407
    Filer's total
    $257,327

  • Jose Villa

    LINE SUPERINTENDENT

    Total calculated
    $163,491
    From this org
    $126,083
    From related orgs
    $0
    Other
    $37,408
    Hours/week
    45.4

    Schedule J breakdown matched by us

    Base
    $119,554
    Bonus
    $5,750
    Other
    $779
    Deferred
    $7,817
    Nontaxable benefits
    $29,591
    Filer's total
    $163,491

  • Jesse Alexander

    LINE FOREMAN

    Total calculated
    $152,338
    From this org
    $114,088
    From related orgs
    $0
    Other
    $38,250
    Hours/week
    45.9

    Schedule J breakdown matched by us

    Base
    $109,702
    Bonus
    $4,250
    Other
    $136
    Deferred
    $8,783
    Nontaxable benefits
    $29,467
    Filer's total
    $152,338

  • Felix Martinez

    JOURNEYMAN LINEMAN

    Total calculated
    $147,206
    From this org
    $108,295
    From related orgs
    $0
    Other
    $38,911
    Hours/week
    48.6

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.

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.

Provenance

Return type
form_990
Tax year
2025
Filed
31 July 2026
IRS schema version
2025v4.2
Source object
202612169349302251

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