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Nonprofiteer
← MARIAS RIVER ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by MARIAS RIVER ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$8,392,138
Total expenses
$8,392,138
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,675,080
Investment income
$34,034
Other revenue
$683,024
Total assets, end of year
$21,967,316
Total liabilities, end of year
$10,107,479
Net assets or fund balances, end of year
$11,859,837
Program services expenses (Part IX)
$7,158,361
Management and general expenses
$1,233,777
Fundraising expenses
$0
Program service expenses (Part III)
$7,158,361

Program services were 85.3% 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: ELECTRICAL SERVICE CHA

    total $7,675,080 · related or exempt $7,675,080

  • 3 · Investment income

    total $34,034 · excluded $34,034

  • 11a · Other revenue: CAPITAL CREDITS

    total $630,355 · related or exempt $630,355

  • 11b · Other revenue: OTHER NONOPERATING INC

    total $52,669 · related or exempt $52,669

  • 11e · Other revenue, total

    $683,024

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,147,022 · program services $1,147,022

  • 5 · Compensation of officers, directors and key employees

    total $223,380 · management and general $223,380

  • 7 · Other salaries and wages

    total $138,338 · management and general $138,338

  • 9 · Other employee benefits

    total $12,332 · management and general $12,332

  • 13 · Office expenses

    total $62,408 · management and general $62,408

  • 17 · Travel

    total $15,126 · management and general $15,126

  • 19 · Conferences, conventions and meetings

    total $26,804 · management and general $26,804

  • 20 · Interest

    total $357,167 · management and general $357,167

  • 22 · Depreciation, depletion and amortization

    total $768,824 · program services $768,824

  • 23 · Insurance

    total $52,178 · management and general $52,178

  • 24a · Other expenses: COST OF POWER

    total $3,397,023 · program services $3,397,023

  • 24b · Other expenses: DISTRIBUTION - MAINTENA

    total $615,565 · program services $615,565

  • 24c · Other expenses: DISTRIBUTION - OPERATIO

    total $587,910 · program services $587,910

  • 24d · Other expenses: TAXES

    total $309,273 · program services $309,273

  • 24e · All other expenses

    total $678,788 · program services $332,744 · management and general $346,044

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $108,574 · end of year $193,622

  • 2 · Savings and temporary cash investments

    beginning of year $6,472 · end of year $10,258

  • 4 · Accounts receivable

    beginning of year $994,609 · end of year $1,011,565

  • 8 · Inventories for sale or use

    beginning of year $867,791 · end of year $808,229

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,153 · end of year $31,452

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

    $27,886,183

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

    $12,438,026

  • 10c · Land, buildings and equipment, net

    beginning of year $15,250,298 · end of year $15,448,157

  • 15 · Other assets

    beginning of year $4,025,597 · end of year $4,464,033

  • 17 · Accounts payable and accrued expenses

    beginning of year $513,738 · end of year $418,999

  • 23 · Secured mortgages and notes payable

    beginning of year $9,007,643 · end of year $8,756,445

  • 25 · Other liabilities

    beginning of year $816,458 · end of year $932,035

  • 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 $4,360,080 · end of year $4,755,242

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,587,575 · end of year $7,104,595

Mission and programs · 2024

Mission

PROVIDE ELECTRICAL POWER TO RURAL NORTHERN MONTANA

  • PROVIDE ELECTRIC POWER SERVICE TO COOPERATIVE MEMBERS IN NORTHERN RURAL MONTANA

    Expenses $7,158,361 · Revenue $8,358,104

As filed on the 2024 return.

Listed in Part VII

  • Merle Raph

    PRESIDENT

    Total calculated
    $5,984
    From this org
    $5,984
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.83

  • Adrian Hawks

    VICE PRESIDENT

    Total calculated
    $2,757
    From this org
    $2,757
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.88

  • Joe Sisk

    SECRETARY/TREASURER

    Total calculated
    $4,008
    From this org
    $4,008
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.25

  • Mel Fretheim

    TRUSTEE

    Total calculated
    $4,458
    From this org
    $4,458
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.25

  • Terry Peters

    TRUSTEE

    Total calculated
    $3,075
    From this org
    $3,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.89

  • Dan Gliko

    TRUSTEE

    Total calculated
    $2,570
    From this org
    $2,570
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.21

  • Shannon Dunk

    TRUSTEE

    Total calculated
    $2,598
    From this org
    $2,598
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.03

  • Shannon McAllister

    TRUSTEE

    Total calculated
    $1,875
    From this org
    $1,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.62

  • Renae Manley

    TRUSTEE

    Total calculated
    $3,744
    From this org
    $3,744
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.69

  • Shane Clark

    MANAGER

    Total calculated
    $192,311
    From this org
    $140,782
    From related orgs
    $0
    Other
    $51,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,782
    Bonus
    $0
    Other
    $0
    Deferred
    $14,334
    Nontaxable benefits
    $37,195
    Filer's total
    $192,311

  • Ryan Austin

    OPERATIONS SUPERINTENDENT

    Total calculated
    $190,287
    From this org
    $122,629
    From related orgs
    $0
    Other
    $67,658
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,629
    Bonus
    $0
    Other
    $0
    Deferred
    $30,601
    Nontaxable benefits
    $37,057
    Filer's total
    $190,287

  • Justin Nelson

    FOREMAN

    Total calculated
    $165,131
    From this org
    $126,560
    From related orgs
    $0
    Other
    $38,571
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,560
    Bonus
    $0
    Other
    $0
    Deferred
    $20,643
    Nontaxable benefits
    $17,928
    Filer's total
    $165,131

  • Cory Lamb

    MAPPING TECH/JOURNEYMAN

    Total calculated
    $151,545
    From this org
    $114,975
    From related orgs
    $0
    Other
    $36,570
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,975
    Bonus
    $0
    Other
    $0
    Deferred
    $18,742
    Nontaxable benefits
    $17,828
    Filer's total
    $151,545

  • Derek Doane

    JOURNEYMAN LINEMAN

    Total calculated
    $144,468
    From this org
    $107,919
    From related orgs
    $0
    Other
    $36,549
    Hours/week
    40

  • Michael Luke Wood

    JOURNEYMAN LINEMAN

    Total calculated
    $145,413
    From this org
    $115,187
    From related orgs
    $0
    Other
    $30,226
    Hours/week
    40

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 · 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
8 May 2025
IRS schema version
2024v5.1
Source object
202541359349309939

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