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Nonprofiteer
← HARNEY ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by HARNEY ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$17,373,602
Total expenses
$17,373,602
Contributions and grants received
$0
Grants paid
$15,000
Program service revenue
$16,708,171
Investment income
$607,640
Other revenue
$57,791
Total assets, end of year
$43,001,322
Total liabilities, end of year
$20,989,164
Net assets or fund balances, end of year
$22,012,158
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: CAPITAL CREDITS

    total $32,469 · related or exempt $32,469

  • 2b · Program service revenue: ELECTRIC ENERGY SALES

    total $16,644,244 · related or exempt $16,644,244

  • 2c · Program service revenue: POLE RENT

    total $31,458 · excluded $31,458

  • 3 · Investment income

    total $602,114 · excluded $602,114

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $71,863

  • 6b · Less rental expenses

    real property $10,368

  • 6c · Rental income or loss

    real property $61,495

  • 6d · Net rental income or loss

    total $61,495 · excluded $61,495

  • 7a · Gross sales of assets other than inventory

    other assets $21,160

  • 7b · Less cost or other basis and sales expenses

    other assets $15,634

  • 7c · Gain or loss

    other assets $5,526

  • 7d · Net gain or loss

    total $5,526 · related or exempt $5,526

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Merchandising, net

    total -$3,704 · related or exempt -$3,704

  • 11e · Other revenue, total

    -$3,704

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $1,495,658

  • 5 · Compensation of officers, directors and key employees

    total $619,559

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,447,368

  • 8 · Pension plan contributions

    total $301,380

  • 9 · Other employee benefits

    total $633,634

  • 10 · Payroll taxes

    total $211,052

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $294,097

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,432,990

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Cost of power

    total $8,724,679

  • 24b · Other expenses: DISTRIBUTION-OPERATIONS & MAIN

    total $3,500,843

  • 24c · Other expenses: Administrative and general

    total $748,565

  • 24d · Other expenses: CONSUMER EXPENSES

    total $420,092

  • 24e · All other expenses

    total -$3,471,315

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,784,204 · end of year $2,717,629

  • 2 · Savings and temporary cash investments

    beginning of year $6,000,000 · end of year $14,896,493

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $1,023,732 · end of year $1,250,620

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $1,091,748 · end of year $1,128,282

  • 9 · Prepaid expenses and deferred charges

    beginning of year $117,574 · end of year $124,497

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

    $66,888,334

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

    $44,342,841

  • 10c · Land, buildings and equipment, net

    beginning of year $22,642,862 · end of year $22,545,493

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $326,859 · end of year $338,308

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,590,940 · end of year $4,477,273

  • 23 · Secured mortgages and notes payable

    beginning of year $8,987,945 · end of year $8,659,571

  • 25 · Other liabilities

    beginning of year $1,211,578 · end of year $7,852,320

  • 29 · Capital stock, trust principal or current funds

    beginning of year $12,600 · end of year $12,470

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $1,219,767 · end of year $1,239,094

  • 31 · Retained earnings, endowment or other funds

    beginning of year $19,964,149 · end of year $20,760,594

Mission and programs · 2025

Mission

TO PROVIDE LOW COST ELECTRICITY TO OUR MEMBERS

  • Harney Electric Cooperative, Inc., is a rural electric cooperative providing electric services to its members.

As filed on the 2025 return.

Listed in Part VII

  • Fred Flippence

    GENERAL MANAGER

    Total calculated
    $313,993
    From this org
    $245,735
    From related orgs
    $0
    Other
    $68,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,735
    Bonus
    not reported
    Other
    not reported
    Deferred
    $28,457
    Nontaxable benefits
    $39,801
    Filer's total
    $313,993

  • Jason Hill

    OPERATIONS MNGR

    Total calculated
    $264,007
    From this org
    $192,544
    From related orgs
    $0
    Other
    $71,463
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,544
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,653
    Nontaxable benefits
    $47,810
    Filer's total
    $264,007

  • Curtis Eggleston

    LINEMAN

    Total calculated
    $240,801
    From this org
    $175,061
    From related orgs
    $0
    Other
    $65,740
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $175,061
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,090
    Nontaxable benefits
    $43,650
    Filer's total
    $240,801

  • Jason Radinovich

    FOREMAN

    Total calculated
    $227,165
    From this org
    $171,743
    From related orgs
    $0
    Other
    $55,422
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,743
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,338
    Nontaxable benefits
    $34,084
    Filer's total
    $227,165

  • Charles Knox

    FOREMAN

    Total calculated
    $224,500
    From this org
    $157,644
    From related orgs
    $0
    Other
    $66,856
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $157,644
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,235
    Nontaxable benefits
    $47,621
    Filer's total
    $224,500

  • Mike Estrada

    FOREMAN

    Total calculated
    $222,063
    From this org
    $155,234
    From related orgs
    $0
    Other
    $66,829
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $155,234
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,208
    Nontaxable benefits
    $47,621
    Filer's total
    $222,063

  • Chris Venell

    Director

    Total calculated
    $54,167
    From this org
    $54,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gary Miller

    SEC/TREAS

    Total calculated
    $53,947
    From this org
    $53,947
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Ugalde

    President

    Total calculated
    $41,265
    From this org
    $41,265
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Frank Albisu

    Director

    Total calculated
    $40,190
    From this org
    $40,190
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rodney Hoagland

    Director

    Total calculated
    $40,016
    From this org
    $40,016
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Joe Cronin

    Vice President

    Total calculated
    $38,113
    From this org
    $38,113
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Hank Dufurrena

    Director

    Total calculated
    $37,868
    From this org
    $37,868
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2025
Filed
20 July 2026
IRS schema version
2025v4.1
Source object
202602019349301420

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