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Nonprofiteer
← ALGER DELTA CO-OP ELECTRIC ASSOCIATION

Form 990 for tax year 2022

Filed by ALGER DELTA CO-OP ELECTRIC ASSOCIATION.

Totals

Total revenue
$18,706,041
Total expenses
$18,706,041
Contributions and grants received
$0
Grants paid
$387
Program service revenue
$18,675,930
Investment income
$30,111
Other revenue
$0
Total assets, end of year
$54,541,428
Total liabilities, end of year
$36,376,967
Net assets or fund balances, end of year
$18,164,461
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

  • Darryl Small

    Director

    Total calculated
    $5,400
    From this org
    $5,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.63

  • Dave Prestin

    Director(Jan-Oct)

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.83

  • Don Johnson

    Director

    Total calculated
    $12,400
    From this org
    $12,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.12

  • Doug Bovin

    Secretary/Treasurer (Until 12/22)

    Total calculated
    $11,650
    From this org
    $11,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.87

  • Jesse Betters Director Jan-Nov

    Treasurer (Beg Dec)

    Total calculated
    $6,650
    From this org
    $6,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.38

  • Karen Alholm

    VP

    Total calculated
    $6,200
    From this org
    $6,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.12

  • Kirk Bruno

    Director

    Total calculated
    $10,550
    From this org
    $10,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.21

  • Michael Lawless

    President

    Total calculated
    $7,300
    From this org
    $7,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.87

  • Stephen Wery

    Director

    Total calculated
    $7,750
    From this org
    $7,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.37

  • Lynn Labadie

    Finance Manager

    Total calculated
    $142,215
    From this org
    $94,363
    From related orgs
    $0
    Other
    $47,852
    Hours/week
    40

  • Michael Furmanski

    General manager

    Total calculated
    $220,304
    From this org
    $153,056
    From related orgs
    $0
    Other
    $67,248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,282
    Bonus
    $0
    Other
    $2,774
    Deferred
    $35,319
    Nontaxable benefits
    $35,699
    Filer's total
    $224,074

  • Troy Tiernan

    Operations Manager

    Total calculated
    $177,428
    From this org
    $117,243
    From related orgs
    $0
    Other
    $60,185
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,433
    Bonus
    $0
    Other
    $810
    Deferred
    $34,457
    Nontaxable benefits
    $28,270
    Filer's total
    $179,970

  • Brandon Lind

    Lineman

    Total calculated
    $151,801
    From this org
    $112,969
    From related orgs
    $0
    Other
    $38,832
    Hours/week
    51.05

    Schedule J breakdown matched by us

    Base
    $112,735
    Bonus
    $0
    Other
    $234
    Deferred
    $9,946
    Nontaxable benefits
    $30,246
    Filer's total
    $153,161

  • Cody Warren

    Lead Lineman

    Total calculated
    $150,912
    From this org
    $118,974
    From related orgs
    $0
    Other
    $31,938
    Hours/week
    48.65

    Schedule J breakdown matched by us

    Base
    $118,765
    Bonus
    $0
    Other
    $209
    Deferred
    $12,486
    Nontaxable benefits
    $21,073
    Filer's total
    $152,533

  • Jon Conger

    Lead Lineman

    Total calculated
    $166,770
    From this org
    $123,629
    From related orgs
    $0
    Other
    $43,141
    Hours/week
    49.29

    Schedule J breakdown matched by us

    Base
    $123,256
    Bonus
    $0
    Other
    $373
    Deferred
    $16,418
    Nontaxable benefits
    $28,345
    Filer's total
    $168,392

  • Thomas Viitala

    Lead Lineman

    Total calculated
    $142,043
    From this org
    $119,070
    From related orgs
    $0
    Other
    $22,973
    Hours/week
    48.35

  • Todd Wilson

    Working Foreman (Jan-Sept)

    Total calculated
    $174,694
    From this org
    $123,462
    From related orgs
    $0
    Other
    $51,232
    Hours/week
    52.01

    Schedule J breakdown matched by us

    Base
    $122,793
    Bonus
    $0
    Other
    $669
    Deferred
    $30,790
    Nontaxable benefits
    $21,659
    Filer's total
    $175,911

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 · Written employment contract
  • 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
2022
Filed
10 August 2023
IRS schema version
2022v5.0
Source object
202332269349300883

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