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Nonprofiteer
← ALGER DELTA CO-OP ELECTRIC ASSOCIATION

Form 990 for tax year 2024

Filed by ALGER DELTA CO-OP ELECTRIC ASSOCIATION.

Totals

Total revenue
$18,568,999
Total expenses
$18,568,999
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$18,554,978
Investment income
$14,021
Other revenue
$0
Total assets, end of year
$57,971,488
Total liabilities, end of year
$38,278,247
Net assets or fund balances, end of year
$19,693,241
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

  • Mike Lawless

    President

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.75

  • Jesse Betters

    Sec/Treas (Jan-Jun)/Pres (Jul-Dec)

    Total calculated
    $6,600
    From this org
    $6,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.06

  • Karen Alholm

    Vice President

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8

  • Kirk Bruno Director Jan-Jun

    Sec/Treas (Jul-Dec)

    Total calculated
    $11,100
    From this org
    $11,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.92

  • Darryl Small

    Director

    Total calculated
    $3,850
    From this org
    $3,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.2

  • Don Johnson

    Director

    Total calculated
    $10,600
    From this org
    $10,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.12

  • Stephen Wery

    Director

    Total calculated
    $5,200
    From this org
    $5,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.13

  • William Wotruba

    Director

    Total calculated
    $5,900
    From this org
    $5,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.96

  • Stephen Dausey

    Director

    Total calculated
    $5,050
    From this org
    $5,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.6

  • Timothy Jenkins

    Director

    Total calculated
    $2,550
    From this org
    $2,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.34

  • Michael Furmanski

    General Manager

    Total calculated
    $215,550
    From this org
    $162,046
    From related orgs
    $0
    Other
    $53,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,079
    Bonus
    $0
    Other
    $2,967
    Deferred
    $27,043
    Nontaxable benefits
    $30,355
    Filer's total
    $219,444

  • Lynn Labadie

    Finance Manager

    Total calculated
    $162,631
    From this org
    $113,085
    From related orgs
    $0
    Other
    $49,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,700
    Bonus
    $0
    Other
    $1,385
    Deferred
    $19,559
    Nontaxable benefits
    $32,663
    Filer's total
    $165,307

  • Brandon Benda

    Lineman

    Total calculated
    $160,656
    From this org
    $148,517
    From related orgs
    $0
    Other
    $12,139
    Hours/week
    51.87

    Schedule J breakdown matched by us

    Base
    $148,343
    Bonus
    $0
    Other
    $174
    Deferred
    $3,698
    Nontaxable benefits
    $10,404
    Filer's total
    $162,619

  • Jonathan Conger

    Lead Lineman

    Total calculated
    $176,731
    From this org
    $139,681
    From related orgs
    $0
    Other
    $37,050
    Hours/week
    48.93

    Schedule J breakdown matched by us

    Base
    $139,221
    Bonus
    $0
    Other
    $460
    Deferred
    $7,396
    Nontaxable benefits
    $29,654
    Filer's total
    $176,731

  • Brandon Lind

    Lineman

    Total calculated
    $197,012
    From this org
    $159,831
    From related orgs
    $0
    Other
    $37,181
    Hours/week
    53.69

    Schedule J breakdown matched by us

    Base
    $159,390
    Bonus
    $0
    Other
    $441
    Deferred
    $4,930
    Nontaxable benefits
    $34,214
    Filer's total
    $198,975

  • Troy Tiernan

    Operations Manager

    Total calculated
    $178,486
    From this org
    $129,385
    From related orgs
    $0
    Other
    $49,101
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,978
    Bonus
    $0
    Other
    $1,407
    Deferred
    $22,019
    Nontaxable benefits
    $30,173
    Filer's total
    $181,577

  • Jacob Hart

    Lineman

    Total calculated
    $159,597
    From this org
    $149,290
    From related orgs
    $0
    Other
    $10,307
    Hours/week
    52.67

    Schedule J breakdown matched by us

    Base
    $149,064
    Bonus
    $0
    Other
    $226
    Deferred
    $2,269
    Nontaxable benefits
    $9,970
    Filer's total
    $161,529

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 committee
  • 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

The filer's explanations (Part III)

Schedule J, Part II, column C, Deferred Compensation:
Included in other compensation is the estimated current year increase in the actuarial value of the defined benefit plan. These amounts do not represent any current year contributions to the plan. They are estimates of the increase in the actuarial value of the plan received from the NRECA. The current year expense and the increase in actuarial value for each employee is reflected in the Schedule O statement for Form 990, Part VII, column F.

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
31 July 2025
IRS schema version
2024v5.2
Source object
202542129349300829

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