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Nonprofiteer
← DUNN ENERGY COOPERATIVE

Form 990 for tax year 2024

Filed by DUNN ENERGY COOPERATIVE.

Totals

Total revenue
$28,181,277
Total expenses
$28,181,277
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$28,117,257
Investment income
$64,020
Other revenue
$0
Total assets, end of year
$75,943,151
Total liabilities, end of year
$38,473,848
Net assets or fund balances, end of year
$37,469,303
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: ELECTRIC REVENUE

    total $26,971,551 · related or exempt $26,971,551

  • 2b · Program service revenue: CAPITAL CREDITS AND POLE RENT

    total $1,145,706 · excluded $1,145,706

  • 3 · Investment income

    total $29,840 · excluded $29,840

  • 7a · Gross sales of assets other than inventory

    other assets $34,180

  • 7c · Gain or loss

    other assets $34,180

  • 7d · Net gain or loss

    total $34,180 · related or exempt $34,180

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,140,102

  • 5 · Compensation of officers, directors and key employees

    total $449,456

  • 20 · Interest

    total $1,055,888

  • 22 · Depreciation, depletion and amortization

    total $2,219,304

  • 24a · Other expenses: COST OF POWER

    total $17,090,983

  • 24b · Other expenses: OPERATIONS EXPENSE

    total $1,654,834

  • 24c · Other expenses: MAINTENANCE EXPENSE

    total $1,380,744

  • 24d · Other expenses: ADMIN

    total $1,127,274

  • 24e · All other expenses

    total $1,062,692

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $288,137 · end of year $249,665

  • 2 · Savings and temporary cash investments

    beginning of year $5 · end of year $600,005

  • 4 · Accounts receivable

    beginning of year $2,259,568 · end of year $2,630,505

  • 8 · Inventories for sale or use

    beginning of year $1,289,281 · end of year $1,254,559

  • 9 · Prepaid expenses and deferred charges

    beginning of year $102,217 · end of year $98,429

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

    $76,823,356

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

    $19,338,196

  • 10c · Land, buildings and equipment, net

    beginning of year $55,270,862 · end of year $57,485,160

  • 12 · Investments: other securities

    beginning of year $56,798 · end of year $38,233

  • 13 · Investments: program-related

    beginning of year $12,786,331 · end of year $13,478,735

  • 15 · Other assets

    beginning of year $74,203 · end of year $107,860

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,998,777 · end of year $1,747,455

  • 23 · Secured mortgages and notes payable

    beginning of year $31,788,502 · end of year $34,961,287

  • 25 · Other liabilities

    beginning of year $1,961,209 · end of year $1,765,106

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

    beginning of year $7,267,169 · end of year $7,391,339

  • 31 · Retained earnings, endowment or other funds

    beginning of year $29,111,745 · end of year $30,077,964

Mission and programs · 2024

Mission

TO PROVIDE ELECTRICITY TO ITS 9,012 MEMBERS

  • TO PROVIDE ELECTRIC SERVICE TO MEMBERS

As filed on the 2024 return.

Listed in Part VII

  • Jesse Singerhouse

    CEO

    Total calculated
    $302,464
    From this org
    $206,381
    From related orgs
    $0
    Other
    $96,083
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $206,381
    Bonus
    not reported
    Other
    not reported
    Deferred
    $83,035
    Nontaxable benefits
    $13,048
    Filer's total
    $302,464

  • Tyrel Blanchfield

    CFO

    Total calculated
    $175,356
    From this org
    $123,112
    From related orgs
    $0
    Other
    $52,244
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $123,112
    Bonus
    not reported
    Other
    not reported
    Deferred
    $25,132
    Nontaxable benefits
    $27,112
    Filer's total
    $175,356

  • Jeffrey Gastyer

    PRESIDENT

    Total calculated
    $12,775
    From this org
    $12,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.38

  • Tom Zwiefelhofer

    VPTO 5/24

    Total calculated
    $4,725
    From this org
    $4,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.17

  • Brian Johnson

    SECRETARY-TR

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.08

  • Rachel Kummer

    DIRECTOR

    Total calculated
    $9,350
    From this org
    $9,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.85

  • Ed Hartung

    DIRECTOR

    Total calculated
    $8,225
    From this org
    $8,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.69

  • Lee Jensen

    DIRECTORTO

    Total calculated
    $1,400
    From this org
    $1,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.48

  • Dean Stokke

    DIRECTOR

    Total calculated
    $8,925
    From this org
    $8,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.92

  • Jim Wildner

    DIRECTOR TO

    Total calculated
    $1,750
    From this org
    $1,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.85

  • Karl Varnes

    DIRECTOR

    Total calculated
    $7,250
    From this org
    $7,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.38

  • Peter Brantner

    LINEMAN

    Total calculated
    $149,578
    From this org
    $137,685
    From related orgs
    $0
    Other
    $11,893
    Hours/week
    51.25

  • Michael Frinack

    LINEMAN

    Total calculated
    $148,652
    From this org
    $133,530
    From related orgs
    $0
    Other
    $15,122
    Hours/week
    47.1

  • John Hestekin

    LINEMAN

    Total calculated
    $203,825
    From this org
    $131,024
    From related orgs
    $0
    Other
    $72,801
    Hours/week
    47.05

    Schedule J breakdown matched by us

    Base
    $131,024
    Bonus
    not reported
    Other
    not reported
    Deferred
    $45,813
    Nontaxable benefits
    $26,988
    Filer's total
    $203,825

  • Loren Luzinski

    LINEMAN

    Total calculated
    $225,020
    From this org
    $130,366
    From related orgs
    $0
    Other
    $94,654
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $130,366
    Bonus
    not reported
    Other
    not reported
    Deferred
    $67,529
    Nontaxable benefits
    $27,125
    Filer's total
    $225,020

  • Collin Riley

    LINEMAN

    Total calculated
    $141,519
    From this org
    $124,642
    From related orgs
    $0
    Other
    $16,877
    Hours/week
    46.28

  • Dennis Dvoracek

    DIRECTOR PO

    Total calculated
    $5,425
    From this org
    $5,425
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.69

  • Jeffery Wildner

    DIRECTOR PO

    Total calculated
    $5,425
    From this org
    $5,425
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.69

  • Micheal Jensen

    DIRECTOR PO

    Total calculated
    $4,375
    From this org
    $4,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

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
2024
Filed
1 October 2025
IRS schema version
2024v5.0
Source object
202532769349300648

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