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Nonprofiteer
← YAMPA VALLEY ELECTRIC ASSOCIATION INC

Form 990 for tax year 2023

Filed by YAMPA VALLEY ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$78,601,828
Total expenses
$77,103,813
Contributions and grants received
$0
Grants paid
$22,119
Program service revenue
$71,031,580
Investment income
$520,263
Other revenue
$7,049,985
Total assets, end of year
$210,963,955
Total liabilities, end of year
$130,365,652
Net assets or fund balances, end of year
$80,598,303
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: SALES OF ELECTRICITY

    total $69,188,174 · related or exempt $69,188,174

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $771,822 · related or exempt $771,483 · unrelated business $339

  • 2c · Program service revenue: SALE OF RENEWABLE ENERGY CREDIT

    total $549,845 · related or exempt $549,845

  • 2d · Program service revenue: MISC SERVICE FEES & SALES

    total $432,627 · related or exempt $432,627

  • 2e · Program service revenue: OTHER PROGRAM REVENUE

    total $89,112 · related or exempt $89,112

  • 3 · Investment income

    total $525,917 · excluded $525,917

  • 7a · Gross sales of assets other than inventory

    other assets $44,500

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

    other assets $50,154

  • 7c · Gain or loss

    other assets -$5,654

  • 7d · Net gain or loss

    total -$5,654 · related or exempt $34,751 · unrelated business -$40,405

  • 11a · Other revenue: LUMINATE FIBER SALES

    total $4,874,569 · unrelated business $4,874,569

  • 11b · Other revenue: LUMINATE GRANTS & CIAC

    total $2,122,033 · unrelated business $2,122,033

  • 11c · Other revenue: POLE ATTACHMENT INCOME

    total $53,383 · excluded $53,383

  • 11e · Other revenue, total

    $7,049,985

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,119

  • 4 · Benefits paid to or for members

    total $5,977,817

  • 5 · Compensation of officers, directors and key employees

    total $2,299,564

  • 7 · Other salaries and wages

    total $7,428,415

  • 8 · Pension plan contributions

    total $1,138,819

  • 9 · Other employee benefits

    total $997,846

  • 10 · Payroll taxes

    total $646,623

  • 20 · Interest

    total $4,725,098

  • 22 · Depreciation, depletion and amortization

    total $8,352,382

  • 24a · Other expenses: PURCHASED POWER

    total $36,392,479

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $4,323,617

  • 24c · Other expenses: ADMIN & GENERAL EXPENSE

    total $2,447,644

  • 24d · Other expenses: CONSUMER EXPENSE

    total $737,630

  • 24e · All other expenses

    total $1,613,760

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,017,699 · end of year $11,315,059

  • 4 · Accounts receivable

    beginning of year $11,284,991 · end of year $9,416,409

  • 5 · Loans and receivables from officers and key people

    beginning of year $55,000

  • 8 · Inventories for sale or use

    beginning of year $9,320,794 · end of year $9,420,066

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,410,240 · end of year $2,267,126

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

    $262,428,546

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

    $89,411,038

  • 10c · Land, buildings and equipment, net

    beginning of year $169,773,880 · end of year $173,017,508

  • 13 · Investments: program-related

    beginning of year $4,613,161 · end of year $5,044,471

  • 15 · Other assets

    beginning of year $899,041 · end of year $483,316

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,942,956 · end of year $7,344,283

  • 19 · Deferred revenue

    beginning of year $6,898,815 · end of year $9,438,720

  • 23 · Secured mortgages and notes payable

    beginning of year $107,035,992 · end of year $108,427,529

  • 25 · Other liabilities

    beginning of year $3,960,379 · end of year $5,155,120

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $75,536,664 · end of year $80,598,303

Mission and programs · 2023

Mission

YAMPA VALLEY ELECTRIC ASSOCIATION IS A COOPERATIVE THAT PROVIDES VALUE TO ITS MEMBER-OWNERS THROUGH TECHNOLOGY THAT DELIVERS SAFE AND RELIABLE ELECTRICAL SERVICE IN AN ENVIRONMENTALLY AND FINANCIALLY RESPONSIBLE MANNER.

Activities or mission (Part I)

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 28,322 CONSUMERS AT YEAR END.

As filed on the 2023 return.

Listed in Part VII

  • Scott McGill

    DIRECTOR

    Total calculated
    $28,200
    From this org
    $28,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Patrick Delaney

    DIRECTOR

    Total calculated
    $18,969
    From this org
    $18,969
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Thomas Fox

    CHAIRMAN

    Total calculated
    $18,640
    From this org
    $18,640
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.3

  • Ken Rogers

    VICE CHAIRMAN

    Total calculated
    $16,985
    From this org
    $16,985
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.2

  • Glynda S Sheehan

    TREASURER

    Total calculated
    $15,225
    From this org
    $15,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Sasha Nelson

    DIRECTOR

    Total calculated
    $14,807
    From this org
    $14,807
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Steven Ray Booker

    DIRECTOR

    Total calculated
    $13,145
    From this org
    $13,145
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Daniel Leblanc

    DIRECTOR

    Total calculated
    $12,735
    From this org
    $12,735
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.7

  • Debbie Cook

    DIRECTOR (JAN-JUNE)

    Total calculated
    $9,019
    From this org
    $9,019
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3

  • Raymond Dubois

    DIRECTOR (JULY-DEC)

    Total calculated
    $8,460
    From this org
    $8,460
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.5

  • Steven Johnson

    GM/PRESIDENT

    Total calculated
    $556,635
    From this org
    $379,044
    From related orgs
    $0
    Other
    $177,591
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $339,622
    Bonus
    $440
    Other
    $38,982
    Deferred
    $141,193
    Nontaxable benefits
    $36,398
    Filer's total
    $556,635

  • Larissa Rock

    EXECUTIVE ASSISTANT/SECRET

    Total calculated
    $141,039
    From this org
    $95,626
    From related orgs
    $0
    Other
    $45,413
    Hours/week
    40

  • John Cromer

    OPERATIONS MANAGER

    Total calculated
    $279,681
    From this org
    $193,200
    From related orgs
    $0
    Other
    $86,481
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $173,118
    Bonus
    $429
    Other
    $19,653
    Deferred
    $47,315
    Nontaxable benefits
    $39,166
    Filer's total
    $279,681

  • James Cross

    ENGINEERING MANAGER

    Total calculated
    $278,906
    From this org
    $182,933
    From related orgs
    $0
    Other
    $95,973
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $176,250
    Bonus
    $436
    Other
    $6,247
    Deferred
    $79,389
    Nontaxable benefits
    $16,584
    Filer's total
    $278,906

  • Kelli Root

    IT MANAGER

    Total calculated
    $268,653
    From this org
    $167,440
    From related orgs
    $0
    Other
    $101,213
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $158,380
    Bonus
    $440
    Other
    $8,620
    Deferred
    $84,763
    Nontaxable benefits
    $16,450
    Filer's total
    $268,653

  • Megan Moore-Kemp

    MEMBER RELATIONS MANAGER

    Total calculated
    $236,897
    From this org
    $172,014
    From related orgs
    $0
    Other
    $64,883
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,965
    Bonus
    $5,476
    Other
    $5,573
    Deferred
    $27,561
    Nontaxable benefits
    $37,322
    Filer's total
    $236,897

  • Emily Zvorak

    FINANCE MANGER

    Total calculated
    $202,228
    From this org
    $169,411
    From related orgs
    $0
    Other
    $32,817
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,582
    Bonus
    $414
    Other
    $5,415
    Deferred
    $12,314
    Nontaxable benefits
    $20,503
    Filer's total
    $202,228

  • Patrick Spengler

    ENGINEERING SVCS MGR

    Total calculated
    $179,340
    From this org
    $159,347
    From related orgs
    $0
    Other
    $19,993
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,926
    Bonus
    $39
    Other
    $4,382
    Deferred
    $13,485
    Nontaxable benefits
    $6,508
    Filer's total
    $179,340

  • Rex Stafford

    LINEMAN

    Total calculated
    $250,842
    From this org
    $171,447
    From related orgs
    $0
    Other
    $79,395
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $167,979
    Bonus
    $650
    Other
    $2,818
    Deferred
    $61,966
    Nontaxable benefits
    $17,429
    Filer's total
    $250,842

  • Dave Srite

    FOREMAN

    Total calculated
    $226,962
    From this org
    $166,069
    From related orgs
    $0
    Other
    $60,893
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $160,055
    Bonus
    $439
    Other
    $5,575
    Deferred
    $22,948
    Nontaxable benefits
    $37,945
    Filer's total
    $226,962

  • Jacob Perkins

    LINEMAN

    Total calculated
    $217,790
    From this org
    $176,808
    From related orgs
    $0
    Other
    $40,982
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $172,423
    Bonus
    $422
    Other
    $3,963
    Deferred
    $9,060
    Nontaxable benefits
    $31,922
    Filer's total
    $217,790

  • Chase Westberg

    FOREMAN

    Total calculated
    $208,628
    From this org
    $167,100
    From related orgs
    $0
    Other
    $41,528
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $162,633
    Bonus
    $406
    Other
    $4,061
    Deferred
    $11,587
    Nontaxable benefits
    $29,941
    Filer's total
    $208,628

  • Charles Tucker

    SAFETY COORDINATOR

    Total calculated
    $195,073
    From this org
    $168,680
    From related orgs
    $0
    Other
    $26,393
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $157,392
    Bonus
    $431
    Other
    $10,857
    Deferred
    $12,609
    Nontaxable benefits
    $13,784
    Filer's total
    $195,073

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

  • 2 · Substantiation required before reimbursing expenses
  • 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)

PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. STEVEN JOHNSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 128,272 EMPLOYER CONTRIBUTION TO 401(K) PLAN 12,921 TOTAL REPORTED IN COLUMN C $ 141,193 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (128,272) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 61,843 EXPENSE TO THE COOPERATIVE $ 74,764 JOHN CROMER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 42,003 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,312 TOTAL REPORTED IN COLUMN C $ 47,315 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (42,003) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 32,410 EXPENSE TO THE COOPERATIVE $ 37,722 JAMES CROSS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 71,980 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,409 TOTAL REPORTED IN COLUMN C $ 79,389 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (71,980) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 32,362 EXPENSE TO THE COOPERATIVE $ 39,771 KELLI ROOT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 78,011 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,752 TOTAL REPORTED IN COLUMN C $ 84,763 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (78,011) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 29,169 EXPENSE TO THE COOPERATIVE $ 35,291 REX STAFFORD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 54,913 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,053 TOTAL REPORTED IN COLUMN C $ 61,966 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (54,913) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 20,570 EXPENSE TO THE COOPERATIVE $ 27,623 MEGAN MOORE-KEMP: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 20,403 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,158 TOTAL REPORTED IN COLUMN C $ 27,561 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (20,403) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 30,149 EXPENSE TO THE COOPERATIVE $ 37,307 DAVE SRITE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 16,008 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,940 TOTAL REPORTED IN COLUMN C $ 22,948 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (16,008) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 21,787 EXPENSE TO THE COOPERATIVE $ 28,727 JACOB PERKINS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 3,692 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,368 TOTAL REPORTED IN COLUMN C $ 9,060 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (3,692) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 20,299 EXPENSE TO THE COOPERATIVE $ 25,667 CHASE WESTBERG: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 4,915 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,672 TOTAL REPORTED IN COLUMN C $ 11,587 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (4,915) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 22,159 EXPENSE TO THE COOPERATIVE $ 28,831 EMILY ZVORAK: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 6,146 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,168 TOTAL REPORTED IN COLUMN C $ 12,314 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (6,146) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 28,637 EXPENSE TO THE COOPERATIVE $ 34,805 CHARLES TUCKER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 5,793 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,816 TOTAL REPORTED IN COLUMN C $ 12,609 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (12,609) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 23,718 EXPENSE TO THE COOPERATIVE $ 30,534 PATRICK SPENGLER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 7,112 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,373 TOTAL REPORTED IN COLUMN C $ 13,485 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (7,112) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 27,631 EXPENSE TO THE COOPERATIVE $ 34,004

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

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.

  • YVEA CARING CONSUMERS FOUNDATION

    501(C)(3) · BETTERING THE QUALITY OF LIFE OF CITIZENS WITHIN THE AREA · CO · controlled entity

    Directly controlled by YAMPA VALLEY ELECTRIC ASSOCIATION

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.

  • LUMINATE FIBER LLC

    HIGH SPEED INTERNET & VOIP PHONE SERVICE · CO · income $5,245,280 · assets $8,999,670

    Directly controlled by YAMPA VALLEY ELECTRIC ASSOCIATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • YAMPA VENTURE SERVICES INC

    C · INACTIVE · CO · 100% owned · controlled entity

    Directly controlled by YAMPA VALLEY ELECTRIC ASSOCIATION

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349310273

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