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Nonprofiteer
← FIRELANDS ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by FIRELANDS ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$25,122,041
Total expenses
$23,424,612
Contributions and grants received
$0
Grants paid
$21,180
Program service revenue
$24,606,828
Investment income
$88,586
Other revenue
$426,627
Total assets, end of year
$56,308,406
Total liabilities, end of year
$29,534,330
Net assets or fund balances, end of year
$26,774,076
Program services expenses (Part IX)
$23,424,612
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$23,424,612

Program services were 100.0% 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: SALE OF ELECTRIC

    total $24,606,828 · related or exempt $24,606,828

  • 3 · Investment income

    total $85,303 · excluded $85,303

  • 7a · Gross sales of assets other than inventory

    securities $6,000

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

    securities $2,717

  • 7c · Gain or loss

    securities $3,283

  • 7d · Net gain or loss

    total $3,283 · related or exempt $3,283

  • 11a · Other revenue: PATRONAGE CAPITAL

    total $426,627 · excluded $426,627

  • 11e · Other revenue, total

    $426,627

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,180 · program services $21,180

  • 5 · Compensation of officers, directors and key employees

    total $517,742 · program services $517,742

  • 7 · Other salaries and wages

    total $275,032 · program services $275,032

  • 20 · Interest

    total $844,649 · program services $844,649

  • 22 · Depreciation, depletion and amortization

    total $1,852,204 · program services $1,852,204

  • 24a · Other expenses: COST OF POWER

    total $13,796,475 · program services $13,796,475

  • 24b · Other expenses: DISTRIBUTION EXP-MAINTENA

    total $2,372,628 · program services $2,372,628

  • 24c · Other expenses: DISTRIBUTION EXP-OPERATIO

    total $1,632,935 · program services $1,632,935

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $867,474 · program services $867,474

  • 24e · All other expenses

    total $1,244,293 · program services $1,244,293

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $899,343 · end of year $1,131,500

  • 4 · Accounts receivable

    beginning of year $1,911,656 · end of year $2,076,804

  • 8 · Inventories for sale or use

    beginning of year $821,139 · end of year $938,260

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

    $63,089,407

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

    $22,024,184

  • 10c · Land, buildings and equipment, net

    beginning of year $38,774,698 · end of year $41,065,223

  • 12 · Investments: other securities

    beginning of year $10,235,774 · end of year $10,107,060

  • 15 · Other assets

    beginning of year $673,839 · end of year $989,559

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,196,306 · end of year $2,517,159

  • 23 · Secured mortgages and notes payable

    beginning of year $24,155,262 · end of year $26,117,521

  • 25 · Other liabilities

    beginning of year $862,321 · end of year $899,650

  • 29 · Capital stock, trust principal or current funds

    beginning of year $24,728 · end of year $23,758

  • 31 · Retained earnings, endowment or other funds

    beginning of year $26,077,832 · end of year $26,750,318

Mission and programs · 2024

Mission

RURAL DISTRIBUTION OF ELECTRIC ENERGY AND RELATED SERVICE

  • RURAL DISTRIBUTION OF ELECTRIC ENERGY AND RELATED SERVICE TO 7,966 MEMBERS.

    Expenses $23,424,612 · Grants $21,180

As filed on the 2024 return.

Listed in Part VII

  • Daniel McNaull

    GENL MGR, TR

    Total calculated
    $188,558
    From this org
    $166,669
    From related orgs
    $0
    Other
    $21,889
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $166,669
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,327
    Nontaxable benefits
    $1,562
    Filer's total
    $188,558

  • Donald Englet

    GENERAL MANA

    Total calculated
    $199,239
    From this org
    $153,061
    From related orgs
    $0
    Other
    $46,178
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $153,061
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,128
    Nontaxable benefits
    $24,050
    Filer's total
    $199,239

  • Tabitha Shepherd

    DIR FIN&ACCT

    Total calculated
    $189,700
    From this org
    $143,037
    From related orgs
    $0
    Other
    $46,663
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $143,037
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,584
    Nontaxable benefits
    $24,079
    Filer's total
    $189,700

  • Daniel Schloemer

    BD PRESIDENT

    Total calculated
    $9,732
    From this org
    $7,450
    From related orgs
    $0
    Other
    $2,282
    Hours/week
    2.5

  • Bruce Leimbach

    BD V-PRESIDE

    Total calculated
    $7,859
    From this org
    $6,100
    From related orgs
    $0
    Other
    $1,759
    Hours/week
    2.5

  • Carl Ayers

    BD SEC/TREAS

    Total calculated
    $6,975
    From this org
    $4,950
    From related orgs
    $0
    Other
    $2,025
    Hours/week
    2.2

  • Thomas Lucha

    TRUSTEE

    Total calculated
    $10,735
    From this org
    $7,050
    From related orgs
    $0
    Other
    $3,685
    Hours/week
    3.7

  • Gene Lamoreaux

    TRUSTEE

    Total calculated
    $1,992
    From this org
    $1,400
    From related orgs
    $0
    Other
    $592
    Hours/week
    2.7

  • John Martin

    TRUSTEE

    Total calculated
    $1,471
    From this org
    $1,050
    From related orgs
    $0
    Other
    $421
    Hours/week
    1.4

  • Robert Turk

    TRUSTEE

    Total calculated
    $2,048
    From this org
    $1,400
    From related orgs
    $0
    Other
    $648
    Hours/week
    3

  • Joseph Williams

    TRUSTEE

    Total calculated
    $6,479
    From this org
    $4,900
    From related orgs
    $0
    Other
    $1,579
    Hours/week
    3.4

  • Greg Hess

    TRUSTEE

    Total calculated
    $6,981
    From this org
    $5,300
    From related orgs
    $0
    Other
    $1,681
    Hours/week
    4.2

  • Brian Cucco

    TRUSTEE

    Total calculated
    $5,401
    From this org
    $4,150
    From related orgs
    $0
    Other
    $1,251
    Hours/week
    1.4

  • Richard Reidy

    TRUSTEE

    Total calculated
    $6,521
    From this org
    $4,800
    From related orgs
    $0
    Other
    $1,721
    Hours/week
    1.4

  • Elaine Oswald

    TRUSTEE

    Total calculated
    $8,773
    From this org
    $6,425
    From related orgs
    $0
    Other
    $2,348
    Hours/week
    2.9

  • Richard C Bowers

    LEAD LINEMAN

    Total calculated
    $132,657
    From this org
    $132,657
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Zachary Collins

    LINE SUPERIN

    Total calculated
    $132,893
    From this org
    $132,893
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Philip Pickering

    LEAD LINEMAN

    Total calculated
    $129,034
    From this org
    $129,034
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Robert Swiger

    ENGINEERING

    Total calculated
    $130,170
    From this org
    $130,170
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

None.

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

Provenance

Return type
form_990
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.0
Source object
202533049349301203

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