Skip to content
Nonprofiteer
← WESTERN COOPERATIVE ELECTRIC ASSOCIATION INC

Form 990 for tax year 2022

Filed by WESTERN COOPERATIVE ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$44,441,643
Total expenses
$44,441,643
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$44,414,115
Investment income
$27,600
Other revenue
-$72
Total assets, end of year
$116,000,475
Total liabilities, end of year
$62,754,972
Net assets or fund balances, end of year
$53,245,503
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$44,441,643

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: Electrical Energy Sale

    total $40,662,278 · related or exempt $40,662,278

  • 2b · Program service revenue: Rent Electric Property

    total $16,944 · excluded $16,944

  • 2c · Program service revenue: Consumer Int fee

    total $29,347 · related or exempt $29,347

  • 2d · Program service revenue: Capital Credits

    total $2,920,249 · related or exempt $2,920,249

  • 2f · All other program service revenue

    total $785,297 · related or exempt $785,297

  • 3 · Investment income

    total $27,600 · related or exempt $27,600

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $6,487

  • 10b · Cost of goods sold

    $6,559

  • 10c · Net income from sales of inventory

    total -$72

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $4,441,383

  • 5 · Compensation of officers, directors and key employees

    total $1,058,008

  • 7 · Other salaries and wages

    total $1,450,774

  • 8 · Pension plan contributions

    total $1,446,701

  • 9 · Other employee benefits

    total $317,794

  • 10 · Payroll taxes

    total $231,337

  • 11b · Fees: legal

    total $11,172

  • 11c · Fees: accounting

    total $84,358

  • 13 · Office expenses

    total $310,203

  • 14 · Information technology

    total $331,008

  • 19 · Conferences, conventions and meetings

    total $120,209

  • 20 · Interest

    total $1,534,155

  • 22 · Depreciation, depletion and amortization

    total $2,422,925

  • 23 · Insurance

    total $109,878

  • 24a · Other expenses: Purchased Power

    total $27,530,184

  • 24b · Other expenses: Operations

    total $397,621

  • 24c · Other expenses: Maintenance

    total $714,172

  • 24d · Other expenses: Property Taxes

    total $916,100

  • 24e · All other expenses

    total $1,013,661

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$766,745 · end of year $918,517

  • 2 · Savings and temporary cash investments

    beginning of year $2,955,337 · end of year $110

  • 4 · Accounts receivable

    beginning of year $4,941,213 · end of year $4,810,026

  • 8 · Inventories for sale or use

    beginning of year $1,456,614 · end of year $3,075,902

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,879,355 · end of year $2,521,570

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

    $109,311,178

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

    $31,378,074

  • 10c · Land, buildings and equipment, net

    beginning of year $74,051,051 · end of year $77,933,104

  • 13 · Investments: program-related

    beginning of year $24,796,811 · end of year $26,741,246

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,642,444 · end of year $2,538,046

  • 23 · Secured mortgages and notes payable

    beginning of year $59,757,645 · end of year $56,595,771

  • 24 · Unsecured notes and loans payable

    end of year $2,443,286

  • 25 · Other liabilities

    beginning of year $1,202,002 · end of year $1,177,869

  • 31 · Retained earnings, endowment or other funds

    beginning of year $49,711,545 · end of year $53,245,503

Mission and programs · 2022

Mission

It is the mission of Western Cooperative Electric to provide reliable energy and optimum services for the betterment of its members.

Activities or mission (Part I)

It is the mission of Western Cooperative Electric to provide reliable energy and optimum services for the betterment of its members

  • Provide electrical service to 12,117 meters in our designated service territory.

    Expenses $44,441,643 · Revenue $44,441,643

As filed on the 2022 return.

Listed in Part VII

  • Craig Crossland

    President

    Total calculated
    $9,600
    From this org
    $9,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3

    Schedule J breakdown matched by us

    Base
    $9,600
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $9,600

  • Terry Hobbs

    VicePresident

    Total calculated
    $13,200
    From this org
    $13,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.4

    Schedule J breakdown matched by us

    Base
    $13,200
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $13,200

  • Richard Schaus

    Secretary Treasurer

    Total calculated
    $7,800
    From this org
    $7,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.7

    Schedule J breakdown matched by us

    Base
    $7,800
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $7,800

  • Charles Luetters

    Director

    Total calculated
    $4,200
    From this org
    $4,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.2

    Schedule J breakdown matched by us

    Base
    $4,200
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $4,200

  • Frank Joy

    Director

    Total calculated
    $10,600
    From this org
    $10,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3

    Schedule J breakdown matched by us

    Base
    $10,600
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $10,600

  • Dale Weinhold

    Director

    Total calculated
    $12,300
    From this org
    $12,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3

    Schedule J breakdown matched by us

    Base
    $12,300
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $12,300

  • Susan Rohleder

    Director

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.6

    Schedule J breakdown matched by us

    Base
    $9,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $9,000

  • Marvin Keller

    Director

    Total calculated
    $12,900
    From this org
    $12,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.4

    Schedule J breakdown matched by us

    Base
    $12,900
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $12,900

  • Landon Heier

    Director

    Total calculated
    $10,800
    From this org
    $10,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.3

    Schedule J breakdown matched by us

    Base
    $10,800
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $10,800

  • Tom Ruth

    General Manager

    Total calculated
    $331,360
    From this org
    $232,908
    From related orgs
    $0
    Other
    $98,452
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,966
    Bonus
    not reported
    Other
    $5,942
    Deferred
    $98,452
    Nontaxable benefits
    $26,518
    Filer's total
    $357,878

  • Stacey Malsam

    CFO

    Total calculated
    $193,069
    From this org
    $144,262
    From related orgs
    $0
    Other
    $48,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,976
    Bonus
    not reported
    Other
    $286
    Deferred
    $48,807
    Nontaxable benefits
    $26,518
    Filer's total
    $219,587

  • Ron Aschenbrenner

    Line Superintendent

    Total calculated
    $187,650
    From this org
    $124,758
    From related orgs
    $0
    Other
    $62,892
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,400
    Bonus
    not reported
    Other
    $358
    Deferred
    $62,892
    Nontaxable benefits
    $26,518
    Filer's total
    $214,168

  • Jerry Casey

    Operations Field Super

    Total calculated
    $173,644
    From this org
    $112,932
    From related orgs
    $0
    Other
    $60,712
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,581
    Bonus
    not reported
    Other
    $1,351
    Deferred
    $60,712
    Nontaxable benefits
    $26,518
    Filer's total
    $200,162

  • Mark Klein

    Line Foreman

    Total calculated
    $162,523
    From this org
    $113,815
    From related orgs
    $0
    Other
    $48,708
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,065
    Bonus
    not reported
    Other
    $750
    Deferred
    $48,708
    Nontaxable benefits
    $26,518
    Filer's total
    $189,041

  • Craig Cramer

    Manager of IS

    Total calculated
    $166,711
    From this org
    $114,728
    From related orgs
    $0
    Other
    $51,983
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,242
    Bonus
    not reported
    Other
    $486
    Deferred
    $51,983
    Nontaxable benefits
    $26,518
    Filer's total
    $193,229

  • Aaron Frieb

    Line Foreman

    Total calculated
    $140,035
    From this org
    $114,907
    From related orgs
    $0
    Other
    $25,128
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,767
    Bonus
    not reported
    Other
    $140
    Deferred
    $25,128
    Nontaxable benefits
    $26,518
    Filer's total
    $166,553

  • Nickolas Zerr

    Director

    Total calculated
    $9,300
    From this org
    $9,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.9

    Schedule J breakdown matched by us

    Base
    $9,300
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $9,300

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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2022
Filed
20 April 2023
IRS schema version
2022v5.0
Source object
202331109349301623

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.