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Nonprofiteer
← BIG HORN COUNTY ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by BIG HORN COUNTY ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$9,772,924
Total expenses
$9,499,612
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$9,714,426
Investment income
$58,498
Other revenue
$0
Total assets, end of year
$20,632,484
Total liabilities, end of year
$11,821,172
Net assets or fund balances, end of year
$8,811,312
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: Sales of electricity

    total $9,607,371 · related or exempt $9,607,371

  • 2b · Program service revenue: Other operating revenue

    total $107,055 · related or exempt $107,055

  • 3 · Investment income

    total $58,498 · related or exempt $26,852 · excluded $31,646

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $420,313

  • 5 · Compensation of officers, directors and key employees

    total $266,477

  • 7 · Other salaries and wages

    total $1,283,035

  • 8 · Pension plan contributions

    total $373,351

  • 9 · Other employee benefits

    total $367,030

  • 10 · Payroll taxes

    total $116,542

  • 11b · Fees: legal

    total $17,006

  • 11c · Fees: accounting

    total $13,500

  • 12 · Advertising and promotion

    total $2,274

  • 13 · Office expenses

    total $165,000

  • 14 · Information technology

    total $30,334

  • 19 · Conferences, conventions and meetings

    total $13,270

  • 20 · Interest

    total $416,778

  • 22 · Depreciation, depletion and amortization

    total $1,171,005

  • 23 · Insurance

    total $103,650

  • 24a · Other expenses: Cost of power

    total $3,981,035 · program services $3,981,035

  • 24b · Other expenses: Transmission & distribution

    total $511,575 · program services $511,575

  • 24c · Other expenses: Admin & general expenses

    total $247,437 · program services $247,437

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $389,912 · end of year $205,404

  • 2 · Savings and temporary cash investments

    beginning of year $83,020 · end of year $106,813

  • 4 · Accounts receivable

    beginning of year $910,923 · end of year $1,119,327

  • 8 · Inventories for sale or use

    beginning of year $515,898 · end of year $806,150

  • 9 · Prepaid expenses and deferred charges

    beginning of year $234,174 · end of year $196,036

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

    $39,738,078

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

    $21,978,455

  • 10c · Land, buildings and equipment, net

    beginning of year $16,766,754 · end of year $17,759,623

  • 13 · Investments: program-related

    beginning of year $493,259 · end of year $439,131

  • 17 · Accounts payable and accrued expenses

    beginning of year $933,290 · end of year $1,163,621

  • 19 · Deferred revenue

    beginning of year $301,348 · end of year $336,116

  • 23 · Secured mortgages and notes payable

    beginning of year $9,358,599 · end of year $10,025,242

  • 25 · Other liabilities

    beginning of year $277,748 · end of year $296,193

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

    beginning of year $643,676 · end of year $732,816

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,879,279 · end of year $8,078,496

Mission and programs · 2025

Mission

To supply electricity and services to members located within its boundries.

  • Provided electric energy to its rural members.

As filed on the 2025 return.

Listed in Part VII

  • Derek Sorley

    General Manager

    Total calculated
    $236,962
    From this org
    $175,029
    From related orgs
    $0
    Other
    $61,933
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $171,744
    Bonus
    $1,787
    Other
    $1,498
    Deferred
    $47,724
    Nontaxable benefits
    $14,209
    Filer's total
    $236,962

  • Jared Hebdon

    Foreman

    Total calculated
    $186,237
    From this org
    $127,051
    From related orgs
    $0
    Other
    $59,186
    Hours/week
    43

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $126,699
    Bonus
    $162
    Other
    $190
    Deferred
    $31,676
    Nontaxable benefits
    $27,510
    Filer's total
    $186,237

  • Gabe Havener

    Foreman

    Total calculated
    $183,599
    From this org
    $124,437
    From related orgs
    $0
    Other
    $59,162
    Hours/week
    44

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $124,085
    Bonus
    $162
    Other
    $190
    Deferred
    $31,652
    Nontaxable benefits
    $27,510
    Filer's total
    $183,599

  • Dustin Kruger

    Journeyman Lineman

    Total calculated
    $178,347
    From this org
    $125,046
    From related orgs
    $0
    Other
    $53,301
    Hours/week
    46

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $124,736
    Bonus
    $162
    Other
    $148
    Deferred
    $25,903
    Nontaxable benefits
    $27,398
    Filer's total
    $178,347

  • Zack Zukowski

    Journeyman Lineman

    Total calculated
    $176,547
    From this org
    $120,365
    From related orgs
    $0
    Other
    $56,182
    Hours/week
    45

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $120,055
    Bonus
    $162
    Other
    $148
    Deferred
    $28,784
    Nontaxable benefits
    $27,398
    Filer's total
    $176,547

  • Cole Kirschenmann

    Meter Technician

    Total calculated
    $175,401
    From this org
    $119,219
    From related orgs
    $0
    Other
    $56,182
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $118,872
    Bonus
    $162
    Other
    $185
    Deferred
    $28,784
    Nontaxable benefits
    $27,398
    Filer's total
    $175,401

  • Ashley Gietzen

    Finance & Admin Manager

    Total calculated
    $147,687
    From this org
    $93,120
    From related orgs
    $0
    Other
    $54,567
    Hours/week
    40

  • Brett Nedens

    President

    Total calculated
    $14,131
    From this org
    $14,131
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Edward Watt

    Director

    Total calculated
    $13,846
    From this org
    $13,846
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Spencer Kehler

    Director

    Total calculated
    $13,771
    From this org
    $13,771
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Nengfeng Stevens

    Secretary

    Total calculated
    $13,661
    From this org
    $13,661
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lila Taylor

    Vice-President

    Total calculated
    $13,571
    From this org
    $13,571
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Hale C Jeffers Jr

    Director

    Total calculated
    $13,571
    From this org
    $13,571
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lamont Herman

    Director

    Total calculated
    $13,471
    From this org
    $13,471
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jason Randall

    Director

    Total calculated
    $10,238
    From this org
    $10,238
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Todd Graham

    Director

    Total calculated
    $1,200
    From this org
    $1,200
    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
3 June 2026
IRS schema version
2025v4.1
Source object
202631759349300018

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