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Nonprofiteer
← ARK VALLEY ELECTRIC COOPERATIVE ASSN INC

Form 990 for tax year 2025

Filed by ARK VALLEY ELECTRIC COOPERATIVE ASSN INC.

Totals

Total revenue
$14,261,202
Total expenses
$14,261,202
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,176,089
Investment income
$64,705
Other revenue
$20,408
Total assets, end of year
$44,770,923
Total liabilities, end of year
$20,018,454
Net assets or fund balances, end of year
$24,752,469
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: Sale of Electricity

    total $14,032,240 · related or exempt $14,032,240

  • 2b · Program service revenue: Capital Credits

    total $113,424 · related or exempt $113,424

  • 2c · Program service revenue: Miscellaneous

    total $30,425 · related or exempt $30,425

  • 3 · Investment income

    total $64,705 · excluded $64,705

  • 6a · Gross rents

    personal property $23,594

  • 6c · Rental income or loss

    personal property $23,594

  • 6d · Net rental income or loss

    total $23,594 · excluded $23,594

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Non-Operating

    total -$3,186 · related or exempt -$3,186

  • 11e · Other revenue, total

    -$3,186

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,567,385

  • 5 · Compensation of officers, directors and key employees

    total $724,633

  • 7 · Other salaries and wages

    total $883,349

  • 20 · Interest

    total $613,428

  • 22 · Depreciation, depletion and amortization

    total $1,415,151

  • 24a · Other expenses: Cost of Power

    total $7,048,424 · program services $7,048,424

  • 24b · Other expenses: Distribution Expense

    total $1,575,117 · program services $1,575,117

  • 24c · Other expenses: Admin & General

    total $304,132 · program services $304,132

  • 24d · Other expenses: Member Services

    total $123,558 · program services $123,558

  • 24e · All other expenses

    total $6,025

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,773,631 · end of year $1,216,014

  • 4 · Accounts receivable

    beginning of year $1,463,800 · end of year $1,529,046

  • 8 · Inventories for sale or use

    beginning of year $1,145,961 · end of year $1,137,924

  • 9 · Prepaid expenses and deferred charges

    beginning of year $167,939 · end of year $180,184

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

    $50,422,745

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

    $15,222,605

  • 10c · Land, buildings and equipment, net

    beginning of year $34,140,070 · end of year $35,200,140

  • 13 · Investments: program-related

    beginning of year $5,427,086 · end of year $5,507,615

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,352,333 · end of year $1,838,541

  • 19 · Deferred revenue

    beginning of year $84,368 · end of year $333,750

  • 23 · Secured mortgages and notes payable

    beginning of year $18,152,513 · end of year $17,846,163

  • 31 · Retained earnings, endowment or other funds

    beginning of year $23,529,273 · end of year $24,752,469

Mission and programs · 2025

Mission

The Ark Valley Electric Cooperative Association, Inc., is dedicated to providing safe, reliable, high quality electric energy to its members at the lowest cost, while striving to improve the quality of life for all its members and adhering to cooperative principles.

  • Ark Valley Electric Cooperative distributes electricity to 5,278 rural members. It operates 2,001 miles of overhead line and 55 miles of underground distribution lines. The Cooperative is a voluntary organization open to all who are able to use its services. It is controlled by members with one vote per member. The margins beyond those necessary to pay expenses are credited back to the members through capital allocations.

As filed on the 2025 return.

Listed in Part VII

  • Jackie Holmberg

    General Manager

    Total calculated
    $269,615
    From this org
    $182,781
    From related orgs
    $0
    Other
    $86,834
    Hours/week
    46

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $182,781
    Bonus
    not reported
    Other
    not reported
    Deferred
    $61,843
    Nontaxable benefits
    $24,991
    Filer's total
    $269,615

  • Jim Sherry

    Director of Operations

    Total calculated
    $263,678
    From this org
    $175,808
    From related orgs
    $0
    Other
    $87,870
    Hours/week
    50

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $175,808
    Bonus
    not reported
    Other
    not reported
    Deferred
    $62,953
    Nontaxable benefits
    $24,917
    Filer's total
    $263,678

  • Justin Tankersley

    Line Foreman

    Total calculated
    $189,495
    From this org
    $142,683
    From related orgs
    $0
    Other
    $46,812
    Hours/week
    43

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $142,683
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,371
    Nontaxable benefits
    $24,441
    Filer's total
    $189,495

  • Ryan Walton

    Journeyman Lineman

    Total calculated
    $175,144
    From this org
    $135,659
    From related orgs
    $0
    Other
    $39,485
    Hours/week
    44

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $135,659
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,161
    Nontaxable benefits
    $24,324
    Filer's total
    $175,144

  • Aryn Walton

    Journeyman Lineman

    Total calculated
    $174,779
    From this org
    $139,622
    From related orgs
    $0
    Other
    $35,157
    Hours/week
    45

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $139,622
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,833
    Nontaxable benefits
    $24,324
    Filer's total
    $174,779

  • Garth Graham

    Journeyman Lineman

    Total calculated
    $174,284
    From this org
    $139,503
    From related orgs
    $0
    Other
    $34,781
    Hours/week
    45

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $139,503
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,457
    Nontaxable benefits
    $24,324
    Filer's total
    $174,284

  • Cameron Horesky

    Journeyman Lineman

    Total calculated
    $169,647
    From this org
    $134,159
    From related orgs
    $0
    Other
    $35,488
    Hours/week
    44

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $134,159
    Bonus
    not reported
    Other
    not reported
    Deferred
    $11,164
    Nontaxable benefits
    $24,324
    Filer's total
    $169,647

  • Penny Wood

    Office Manager

    Total calculated
    $161,590
    From this org
    $120,759
    From related orgs
    $0
    Other
    $40,831
    Hours/week
    41

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $120,759
    Bonus
    not reported
    Other
    not reported
    Deferred
    $24,858
    Nontaxable benefits
    $15,973
    Filer's total
    $161,590

  • Doug Barr

    Director

    Total calculated
    $6,300
    From this org
    $6,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Keith McNickle

    President

    Total calculated
    $4,100
    From this org
    $4,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Peggy Burgess

    Director

    Total calculated
    $3,950
    From this org
    $3,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Larry Froese

    Treasurer

    Total calculated
    $3,850
    From this org
    $3,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Joseph Seiwert

    Director

    Total calculated
    $3,850
    From this org
    $3,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jaime Howard

    Secretary

    Total calculated
    $3,850
    From this org
    $3,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Steve Schweizer

    Vice President

    Total calculated
    $3,850
    From this org
    $3,850
    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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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
15 July 2026
IRS schema version
2025v4.2
Source object
202621969349301347

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