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Nonprofiteer
← ALGER DELTA CO-OP ELECTRIC ASSOCIATION

Form 990 for tax year 2025

Filed by ALGER DELTA CO-OP ELECTRIC ASSOCIATION.

Totals

Total revenue
$19,806,657
Total expenses
$19,806,657
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,792,698
Investment income
$13,959
Other revenue
$0
Total assets, end of year
$59,790,081
Total liabilities, end of year
$39,389,146
Net assets or fund balances, end of year
$20,400,935
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: Electricity Sales

    total $19,411,341 · related or exempt $19,411,341

  • 2b · Program service revenue: ATC LLC Book Income

    total $165,651 · related or exempt $165,651

  • 2c · Program service revenue: Capital Credits

    total $156,192 · related or exempt $156,192

  • 2d · Program service revenue: Miscellaneous Revenue

    total $59,514 · related or exempt $59,514

  • 3 · Investment income

    total $13,959 · excluded $13,959

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,042,236

  • 5 · Compensation of officers, directors and key employees

    total $484,870

  • 7 · Other salaries and wages

    total $1,845,203

  • 8 · Pension plan contributions

    total $306,551

  • 10 · Payroll taxes

    total $163,923

  • 20 · Interest

    total $1,162,734

  • 22 · Depreciation, depletion and amortization

    total $2,243,794

  • 24a · Other expenses: Purchased Power

    total $8,387,352

  • 24b · Other expenses: Distribution Expense

    total $4,546,887

  • 24c · Other expenses: Administrative and Gene

    total $1,345,804

  • 24d · Other expenses: Customer Service Expens

    total $286,735

  • 24e · All other expenses

    total -$2,009,432

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,534,789 · end of year $1,473,334

  • 4 · Accounts receivable

    beginning of year $1,907,491 · end of year $1,898,181

  • 8 · Inventories for sale or use

    beginning of year $937,080 · end of year $1,070,651

  • 9 · Prepaid expenses and deferred charges

    beginning of year $123,632 · end of year $132,326

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

    $76,803,531

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

    $24,967,461

  • 10c · Land, buildings and equipment, net

    beginning of year $50,276,138 · end of year $51,836,070

  • 13 · Investments: program-related

    beginning of year $3,188,908 · end of year $3,376,069

  • 15 · Other assets

    beginning of year $3,450 · end of year $3,450

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,998,584 · end of year $2,968,233

  • 23 · Secured mortgages and notes payable

    beginning of year $35,338,289 · end of year $35,707,631

  • 25 · Other liabilities

    beginning of year $941,374 · end of year $713,282

  • 29 · Capital stock, trust principal or current funds

    beginning of year $80,923 · end of year $80,923

  • 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 $19,612,318 · end of year $20,320,012

Mission and programs · 2025

Mission

Electrical distribution utility providing service to rural areas

  • In 2025 Alger Delta Cooperative Electric Association provided electrical services through 1,350 miles of energized lines to the rural areas of Marquette, Alger, Delta, Dickinson, Schoolcraft and Menominee counties in the Upper Peninsula of Michigan to a total 10,430 members.

As filed on the 2025 return.

Listed in Part VII

  • Jesse Betters

    President

    Total calculated
    $9,250
    From this org
    $9,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.3

  • Karen Alholm

    Vice President (Jan-Jun)

    Total calculated
    $7,150
    From this org
    $7,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.3

  • Kirk Bruno

    Secretary/Treasurer

    Total calculated
    $8,850
    From this org
    $8,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.2

  • Darryl Small

    Director

    Total calculated
    $5,600
    From this org
    $5,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.4

  • Don Johnson

    Director

    Total calculated
    $9,200
    From this org
    $9,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Stephen Wery

    Director

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.6

  • William Wotruba Dir Jan-Jun

    Vice President (Jun-Dec)

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Stephen Dausey

    Director

    Total calculated
    $5,600
    From this org
    $5,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.6

  • Timothy Jenkins

    Director

    Total calculated
    $7,600
    From this org
    $7,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Michael Furmanski

    General Manager

    Total calculated
    $229,381
    From this org
    $167,818
    From related orgs
    $0
    Other
    $61,563
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,559
    Bonus
    $0
    Other
    $3,259
    Deferred
    $33,898
    Nontaxable benefits
    $31,611
    Filer's total
    $233,327

  • Lynn Labadie

    Finance Manager

    Total calculated
    $177,004
    From this org
    $120,606
    From related orgs
    $0
    Other
    $56,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,092
    Bonus
    $0
    Other
    $1,514
    Deferred
    $24,805
    Nontaxable benefits
    $34,344
    Filer's total
    $179,755

  • Cody Warren

    Lead Lineman

    Total calculated
    $138,810
    From this org
    $129,253
    From related orgs
    $0
    Other
    $9,557
    Hours/week
    46.4

  • Jonathan Conger

    Lead Lineman

    Total calculated
    $202,042
    From this org
    $161,545
    From related orgs
    $0
    Other
    $40,497
    Hours/week
    52.2

    Schedule J breakdown matched by us

    Base
    $161,066
    Bonus
    $0
    Other
    $479
    Deferred
    $10,082
    Nontaxable benefits
    $32,538
    Filer's total
    $204,165

  • Brandon Lind

    Lineman

    Total calculated
    $199,203
    From this org
    $159,052
    From related orgs
    $0
    Other
    $40,151
    Hours/week
    53.1

    Schedule J breakdown matched by us

    Base
    $158,567
    Bonus
    $0
    Other
    $485
    Deferred
    $9,092
    Nontaxable benefits
    $33,182
    Filer's total
    $201,326

  • Troy Tiernan

    Operations Manager

    Total calculated
    $192,651
    From this org
    $134,256
    From related orgs
    $0
    Other
    $58,395
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,505
    Bonus
    $0
    Other
    $1,751
    Deferred
    $29,829
    Nontaxable benefits
    $31,723
    Filer's total
    $195,808

  • Jacob Hart

    Lineman

    Total calculated
    $190,903
    From this org
    $175,852
    From related orgs
    $0
    Other
    $15,051
    Hours/week
    57.2

    Schedule J breakdown matched by us

    Base
    $175,609
    Bonus
    $0
    Other
    $243
    Deferred
    $6,244
    Nontaxable benefits
    $10,824
    Filer's total
    $192,920

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
2025
Filed
9 July 2026
IRS schema version
2025v4.2
Source object
202641909349301349

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