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Nonprofiteer
← N W ELECTRIC POWER COOPERATIVE INC

Form 990 for tax year 2024

Filed by N W ELECTRIC POWER COOPERATIVE INC.

Totals

Total revenue
$126,449,964
Total expenses
$126,449,964
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$125,659,639
Investment income
$1,031,878
Other revenue
-$241,553
Total assets, end of year
$322,406,167
Total liabilities, end of year
$221,239,562
Net assets or fund balances, end of year
$101,166,605
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: Wholesale Electric

    total $116,288,730 · related or exempt $116,288,730

  • 2b · Program service revenue: Capital Credits

    total $7,338,904 · related or exempt $7,338,904

  • 2c · Program service revenue: Wheeling Revenue

    total $1,945,771 · related or exempt $1,945,771

  • 2d · Program service revenue: Other Revenue

    total $86,234 · related or exempt $86,234

  • 3 · Investment income

    total $887,593 · excluded $887,593

  • 6a · Gross rents

    personal property $86,225

  • 6b · Less rental expenses

    personal property $79,731

  • 6c · Rental income or loss

    personal property $6,494

  • 6d · Net rental income or loss

    total $6,494 · unrelated business $6,494

  • 7a · Gross sales of assets other than inventory

    other assets $144,285

  • 7c · Gain or loss

    other assets $144,285

  • 7d · Net gain or loss

    total $144,285 · related or exempt $144,285

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Misc Non Operating

    total -$248,047 · related or exempt -$248,047

  • 11e · Other revenue, total

    -$248,047

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $4,837,647

  • 5 · Compensation of officers, directors and key employees

    total $2,569,047

  • 7 · Other salaries and wages

    total $1,428,013

  • 20 · Interest

    total $6,131,258

  • 22 · Depreciation, depletion and amortization

    total $7,067,109

  • 24a · Other expenses: Power Supply

    total $90,491,784 · program services $90,491,784

  • 24b · Other expenses: Transmission

    total $8,224,518 · program services $8,224,518

  • 24c · Other expenses: Administrative & General

    total $3,656,074 · program services $3,656,074

  • 24d · Other expenses: Member Services

    total $186,819 · program services $186,819

  • 24e · All other expenses

    total $1,857,695

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,586,834 · end of year $4,208,025

  • 4 · Accounts receivable

    beginning of year $15,591,473 · end of year $10,542,564

  • 8 · Inventories for sale or use

    beginning of year $5,792,197 · end of year $10,786,261

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,119,121 · end of year $1,595,992

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

    $312,267,775

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

    $117,692,234

  • 10c · Land, buildings and equipment, net

    beginning of year $166,076,427 · end of year $194,575,541

  • 13 · Investments: program-related

    beginning of year $92,201,707 · end of year $96,497,457

  • 15 · Other assets

    beginning of year $4,637,802 · end of year $4,200,327

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,635,031 · end of year $18,720,359

  • 19 · Deferred revenue

    beginning of year $12,162,781 · end of year $10,162,781

  • 23 · Secured mortgages and notes payable

    beginning of year $137,113,551 · end of year $132,129,070

  • 24 · Unsecured notes and loans payable

    end of year $42,805,030

  • 25 · Other liabilities

    beginning of year $15,292,031 · end of year $17,422,322

  • 29 · Capital stock, trust principal or current funds

    beginning of year $800 · end of year $800

  • 31 · Retained earnings, endowment or other funds

    beginning of year $99,801,367 · end of year $101,165,805

Mission and programs · 2024

Mission

N.W. Electric Power Cooperative was formed by its member cooperatives to provide electric energy as described in IRC Section 501(c)(12)(b)

  • Rural electric cooperative operated as a transmission source of electric power for its member electric cooperatives

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

Listed in Part VII

  • David McDowell

    CEO General Manager

    Total calculated
    $869,105
    From this org
    $643,306
    From related orgs
    $0
    Other
    $225,799
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $643,306
    Bonus
    not reported
    Other
    not reported
    Deferred
    $209,515
    Nontaxable benefits
    $16,284
    Filer's total
    $869,105

  • Kent Brown

    CFO 2nd Assistant Secretary

    Total calculated
    $503,474
    From this org
    $334,415
    From related orgs
    $0
    Other
    $169,059
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $334,415
    Bonus
    not reported
    Other
    not reported
    Deferred
    $154,476
    Nontaxable benefits
    $14,583
    Filer's total
    $503,474

  • John Stickley

    COO

    Total calculated
    $486,927
    From this org
    $324,171
    From related orgs
    $0
    Other
    $162,756
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $324,171
    Bonus
    not reported
    Other
    not reported
    Deferred
    $140,404
    Nontaxable benefits
    $22,352
    Filer's total
    $486,927

  • Bryon Roach

    VP Public Relations & Special Proje

    Total calculated
    $400,291
    From this org
    $257,872
    From related orgs
    $0
    Other
    $142,419
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $257,872
    Bonus
    not reported
    Other
    not reported
    Deferred
    $120,067
    Nontaxable benefits
    $22,352
    Filer's total
    $400,291

  • Ashley Leazenby

    VP of Human Resources & Info System

    Total calculated
    $383,739
    From this org
    $276,477
    From related orgs
    $0
    Other
    $107,262
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,477
    Bonus
    not reported
    Other
    not reported
    Deferred
    $84,910
    Nontaxable benefits
    $22,352
    Filer's total
    $383,739

  • Mark Ramsey

    Manager of Operations

    Total calculated
    $343,145
    From this org
    $200,600
    From related orgs
    $0
    Other
    $142,545
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $200,600
    Bonus
    not reported
    Other
    not reported
    Deferred
    $120,193
    Nontaxable benefits
    $22,352
    Filer's total
    $343,145

  • Brannon Bischoff

    Manager of Substation Engineering

    Total calculated
    $245,223
    From this org
    $188,014
    From related orgs
    $0
    Other
    $57,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,014
    Bonus
    not reported
    Other
    not reported
    Deferred
    $34,857
    Nontaxable benefits
    $22,352
    Filer's total
    $245,223

  • Chris Koch

    Manager of Planning & Operations

    Total calculated
    $235,874
    From this org
    $162,442
    From related orgs
    $0
    Other
    $73,432
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,442
    Bonus
    not reported
    Other
    not reported
    Deferred
    $51,080
    Nontaxable benefits
    $22,352
    Filer's total
    $235,874

  • John Kaiser

    Manager of Transmission Engineering

    Total calculated
    $220,032
    From this org
    $162,222
    From related orgs
    $0
    Other
    $57,810
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $162,222
    Bonus
    not reported
    Other
    not reported
    Deferred
    $35,458
    Nontaxable benefits
    $22,352
    Filer's total
    $220,032

  • Duane Klute

    Vice President

    Total calculated
    $28,500
    From this org
    $28,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    42

  • James Bagley

    Assistant Secretary

    Total calculated
    $27,750
    From this org
    $27,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    34

  • Robert Simmons

    Director

    Total calculated
    $27,000
    From this org
    $27,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

  • Scott Wilson

    Director

    Total calculated
    $25,500
    From this org
    $25,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • Loren Haines

    Secretary

    Total calculated
    $25,500
    From this org
    $25,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    21

  • Michael Newland

    Director

    Total calculated
    $24,750
    From this org
    $24,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

  • Dave Deihl

    President

    Total calculated
    $24,750
    From this org
    $24,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Toni Cox

    Director

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    22

  • Larry Leachman

    Director

    Total calculated
    $21,750
    From this org
    $21,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Richard Moore

    Treasurer

    Total calculated
    $21,000
    From this org
    $21,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    48

  • Melvin Scott

    Director

    Total calculated
    $19,500
    From this org
    $19,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • John Killgore

    Director

    Total calculated
    $18,750
    From this org
    $18,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Don Smith

    Director

    Total calculated
    $17,250
    From this org
    $17,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    13

  • Kevin DeChant

    Director

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • James Rhoades

    Director

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NW Service Company LLC

    Electric Service Company · MO · income $86,225 · assets $475,981

    Directly controlled by NW Electric Power Cooperative

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202503149349305740

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