Skip to content
Nonprofiteer
← SIERRA ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by SIERRA ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$12,316,155
Total expenses
$12,316,155
Contributions and grants received
$0
Grants paid
$20,380
Program service revenue
$12,091,876
Investment income
$144,316
Other revenue
$79,963
Total assets, end of year
$28,908,480
Total liabilities, end of year
$15,560,079
Net assets or fund balances, end of year
$13,348,401
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 $11,536,775 · related or exempt $11,536,775

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $547,480 · related or exempt $547,480

  • 2c · Program service revenue: SERVICE FEES

    total $7,621 · related or exempt $7,621

  • 3 · Investment income

    total $144,316 · excluded $144,316

  • 10a · Gross sales of inventory

    $1,871

  • 10b · Cost of goods sold

    $1,782

  • 10c · Net income from sales of inventory

    total $89 · related or exempt $89

  • 11a · Other revenue: POLE ATTACHMENT INCOME

    total $79,874 · excluded $79,874

  • 11e · Other revenue, total

    $79,874

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,380

  • 4 · Benefits paid to or for members

    total $1,308,455

  • 5 · Compensation of officers, directors and key employees

    total $338,590

  • 7 · Other salaries and wages

    total $774,435

  • 8 · Pension plan contributions

    total $62,632

  • 9 · Other employee benefits

    total $200,397

  • 10 · Payroll taxes

    total $77,918

  • 20 · Interest

    total $409,708

  • 22 · Depreciation, depletion and amortization

    total $810,335

  • 24a · Other expenses: PURCHASED POWER

    total $7,288,125

  • 24b · Other expenses: ADMIN & GENERAL EXPENSE

    total $547,089

  • 24c · Other expenses: DISTRIBUTION EXPENSE

    total $348,802

  • 24d · Other expenses: CONSUMER EXPENSE

    total $123,187

  • 24e · All other expenses

    total $6,102

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $371,080 · end of year $382,336

  • 2 · Savings and temporary cash investments

    beginning of year $1,900,000 · end of year $1,450,000

  • 4 · Accounts receivable

    beginning of year $989,647 · end of year $1,090,700

  • 8 · Inventories for sale or use

    beginning of year $265,205 · end of year $266,317

  • 9 · Prepaid expenses and deferred charges

    beginning of year $482,077 · end of year $364,907

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

    $29,412,342

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

    $10,188,463

  • 10c · Land, buildings and equipment, net

    beginning of year $18,327,759 · end of year $19,223,879

  • 11 · Investments: publicly traded securities

    beginning of year $790,014 · end of year $869,065

  • 13 · Investments: program-related

    beginning of year $4,692,623 · end of year $5,199,889

  • 15 · Other assets

    beginning of year $0 · end of year $61,387

  • 17 · Accounts payable and accrued expenses

    beginning of year $729,623 · end of year $791,364

  • 23 · Secured mortgages and notes payable

    beginning of year $13,993,982 · end of year $14,253,467

  • 25 · Other liabilities

    beginning of year $644,643 · end of year $515,248

  • 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 $12,450,157 · end of year $13,348,401

Mission and programs · 2024

Mission

SIERRA ELECTRIC COOPERATIVE IS DEDICATED TO PROVIDING HIGH QUALITY, RELIABLE ELECTRIC SERVICE AND RELATED PRODUCTS TO OUR MEMBERS AT COMPETITIVE PRICES. OUR MEMBERS DESERVE AND SHALL RECEIVE QUALITY SERVICE UNPARALLELED IN OUR INDUSTRY. WE ARE COMMITTED TO MAINTAINING AN ENVIRONMENT WHERE THE BOARD OF TRUSTEES AND EMPLOYEES CAN PERFORM AT THEIR MAXIMUM POTENTIAL TO BENEFIT OUR COMMUNITY.

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 4,645 ACTIVE SERVICES AT YEAR END.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • George Biel

    TREASURER (JAN-MARCH)

    Total calculated
    $6,993
    From this org
    $6,993
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.4

  • Dennis Franklin

    TRUSTEE

    Total calculated
    $9,722
    From this org
    $9,722
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8

  • Tami Garrett

    PRESIDENT

    Total calculated
    $9,379
    From this org
    $9,379
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.7

  • Judy Smith

    TRUSTEE

    Total calculated
    $8,307
    From this org
    $8,307
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8

  • Darryl Sullivan

    TREASURER

    Total calculated
    $9,509
    From this org
    $9,509
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Warren Strong

    SECRETARY

    Total calculated
    $9,254
    From this org
    $9,254
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.6

  • Raymond Ruffini

    VICE PRESIDENT

    Total calculated
    $10,304
    From this org
    $10,304
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Paul Scott

    TRUSTEE

    Total calculated
    $9,254
    From this org
    $9,254
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Ray Hodges

    TRUSTEE

    Total calculated
    $9,179
    From this org
    $9,179
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • April Romero

    TRUSTEE (APRIL-DEC)

    Total calculated
    $6,244
    From this org
    $6,244
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Denise Barrera

    ASSISTANT GENERAL MANAGER

    Total calculated
    $197,530
    From this org
    $178,919
    From related orgs
    $0
    Other
    $18,611
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $165,627
    Bonus
    $10,000
    Other
    $3,292
    Deferred
    $16,028
    Nontaxable benefits
    $2,583
    Filer's total
    $197,530

  • Guy Payne

    EVP/GENERAL MANAGER (OCT-DEC)

    Total calculated
    $52,915
    From this org
    $47,500
    From related orgs
    $0
    Other
    $5,415
    Hours/week
    50

  • Ofelia Melendez

    MANAGER OF FINANCE & ADMIN

    Total calculated
    $161,430
    From this org
    $119,410
    From related orgs
    $0
    Other
    $42,020
    Hours/week
    40.3

    Schedule J breakdown matched by us

    Base
    $112,064
    Bonus
    $6,000
    Other
    $1,346
    Deferred
    $13,077
    Nontaxable benefits
    $28,943
    Filer's total
    $161,430

  • Jose Villa

    LINE SUPERINTENDENT

    Total calculated
    $158,471
    From this org
    $118,376
    From related orgs
    $0
    Other
    $40,095
    Hours/week
    45.1

    Schedule J breakdown matched by us

    Base
    $111,617
    Bonus
    $6,000
    Other
    $759
    Deferred
    $11,336
    Nontaxable benefits
    $28,759
    Filer's total
    $158,471

  • Jesse Alexander

    LINE FOREMAN

    Total calculated
    $140,051
    From this org
    $103,148
    From related orgs
    $0
    Other
    $36,903
    Hours/week
    44.6

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
2024
Filed
9 November 2025
IRS schema version
2024v5.2
Source object
202503169349307215

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.