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Nonprofiteer
← ORCAS POWER & LIGHT COOPERATIVE

Form 990 for tax year 2024

Filed by ORCAS POWER & LIGHT COOPERATIVE.

Totals

Total revenue
$40,850,946
Total expenses
$40,775,978
Contributions and grants received
$59,706
Grants paid
$200
Program service revenue
$39,639,094
Investment income
$774,283
Other revenue
$377,863
Total assets, end of year
$148,515,746
Total liabilities, end of year
$91,573,082
Net assets or fund balances, end of year
$56,942,664
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.

  • 1e · Government grants (contributions)

    $59,706

  • 2a · Program service revenue: ELECTRIC ENERGY SALES

    total $39,556,962 · related or exempt $39,556,962

  • 2b · Program service revenue: POLE RENTAL INCOME

    total $82,132 · excluded $82,132

  • 3 · Investment income

    total $783,717 · excluded $783,717

  • 6a · Gross rents

    real property $108,953

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $108,953

  • 6d · Net rental income or loss

    total $108,953 · excluded $108,953

  • 7a · Gross sales of assets other than inventory

    other assets $78,100

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

    other assets $87,534

  • 7c · Gain or loss

    other assets -$9,434

  • 7d · Net gain or loss

    total -$9,434 · excluded -$9,434

  • 11a · Other revenue: OTHER INCOME

    total $100,415 · related or exempt $100,415

  • 11b · Other revenue: PATRONAGE CAPITAL CREDITS

    total $93,527 · related or exempt $93,527

  • 11c · Other revenue: UNAPPROPROPRIATED SUB EARNINGS

    total $74,968 · related or exempt $74,968

  • 11e · Other revenue, total

    $268,910

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $200

  • 4 · Benefits paid to or for members

    total $6,724,492

  • 5 · Compensation of officers, directors and key employees

    total $1,326,137

  • 8 · Pension plan contributions

    total $2,077,455

  • 11d · Fees: lobbying

    total $120,000

  • 20 · Interest

    total $1,965,138

  • 22 · Depreciation, depletion and amortization

    total $5,688,475

  • 24a · Other expenses: COST OF PURCHASED POWER

    total $9,126,474

  • 24b · Other expenses: MAINTENANCE EXPENSES

    total $4,077,748

  • 24c · Other expenses: DISTRIBUTION EXPENSES

    total $3,914,167

  • 24d · Other expenses: TAXES

    total $1,825,621

  • 24e · All other expenses

    total $3,930,071

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,449,876 · end of year $1,030,088

  • 2 · Savings and temporary cash investments

    beginning of year $6,652,832 · end of year $5,452,726

  • 4 · Accounts receivable

    beginning of year $6,247,535 · end of year $7,251,802

  • 8 · Inventories for sale or use

    beginning of year $4,544,853 · end of year $5,165,169

  • 9 · Prepaid expenses and deferred charges

    beginning of year $750,805 · end of year $670,845

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

    $197,076,219

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

    $75,559,892

  • 10c · Land, buildings and equipment, net

    beginning of year $107,674,051 · end of year $121,516,327

  • 12 · Investments: other securities

    beginning of year $1,651,628 · end of year $1,747,139

  • 13 · Investments: program-related

    beginning of year -$9,331,007 · end of year -$9,245,876

  • 14 · Intangible assets

    beginning of year $33,949 · end of year $28,290

  • 15 · Other assets

    beginning of year $9,489,306 · end of year $14,899,236

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,260,468 · end of year $4,366,032

  • 23 · Secured mortgages and notes payable

    beginning of year $75,105,409 · end of year $86,615,218

  • 25 · Other liabilities

    beginning of year $487,784 · end of year $591,832

  • 29 · Capital stock, trust principal or current funds

    beginning of year $58,555 · end of year $58,755

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

    beginning of year $12,188,062 · end of year $13,471,437

  • 31 · Retained earnings, endowment or other funds

    beginning of year $39,063,550 · end of year $43,412,472

Mission and programs · 2024

Mission

THE COOPERATIVE SERVES ITS MEMBERS WITH SAFE, RELIABLE, COST EFFECTIVE, AND ENVIRONMENTALLY SENSITIVE UTILITY SERVICES.

  • SALE OF ELECTRICAL SERVICE TO MEMBERS WHICH INCLUDES AN ENERGY CONSERVATION PROGRAM.

As filed on the 2024 return.

Listed in Part VII

  • Brian Silverstein

    DIRECTOR

    Total calculated
    $5,663
    From this org
    $5,663
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Chukwuma Onwuneme

    DIRECTOR

    Total calculated
    $2,775
    From this org
    $2,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jeffrey Struthers

    DIRECTOR (THRU 04/24)

    Total calculated
    $3,897
    From this org
    $3,897
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Mark Madsen

    DIRECTOR

    Total calculated
    $20,343
    From this org
    $20,343
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Oliver Whitfield

    BOARD VP

    Total calculated
    $7,552
    From this org
    $7,552
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Thomas Osterman

    BOARD SECRETARY

    Total calculated
    $34,471
    From this org
    $34,471
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Vincent Dauciunas

    BOARD PRESIDENT

    Total calculated
    $32,217
    From this org
    $32,217
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Wendy Hiester

    DIRECTOR

    Total calculated
    $1,125
    From this org
    $1,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Nancy Loomis

    MANAGER OF FINANCE & MEMBER SERVICES

    Total calculated
    $328,174
    From this org
    $209,322
    From related orgs
    $0
    Other
    $118,852
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,382
    Bonus
    $6,000
    Other
    $3,940
    Deferred
    $83,095
    Nontaxable benefits
    $35,757
    Filer's total
    $328,174

  • J Foster Hildreth

    GENERAL MANAGER

    Total calculated
    $791,700
    From this org
    $380,309
    From related orgs
    $141,351
    Other
    $270,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $366,271
    Bonus
    $0 + $141,351 related
    Other
    $14,038
    Deferred
    $224,304
    Nontaxable benefits
    $45,736
    Filer's total
    $650,349 + $141,351 related

  • Russell Guerry

    MANAGER OF ENGINEERING & OPERATIONS

    Total calculated
    $320,531
    From this org
    $236,660
    From related orgs
    $0
    Other
    $83,871
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,013
    Bonus
    $6,000
    Other
    $11,647
    Deferred
    $40,075
    Nontaxable benefits
    $43,796
    Filer's total
    $320,531

  • Curtis Olson

    JOURNEYMAN/LINEMAN

    Total calculated
    $262,559
    From this org
    $202,978
    From related orgs
    $0
    Other
    $59,581
    Hours/week
    54

    Schedule J breakdown matched by us

    Base
    $141,793
    Bonus
    $0
    Other
    $61,185
    Deferred
    $34,594
    Nontaxable benefits
    $24,987
    Filer's total
    $262,559

  • Kai Burleson

    SUBSTATION MAINTENANCE TECHNICIAN

    Total calculated
    $257,515
    From this org
    $205,498
    From related orgs
    $0
    Other
    $52,017
    Hours/week
    55.5

    Schedule J breakdown matched by us

    Base
    $144,293
    Bonus
    $0
    Other
    $61,205
    Deferred
    $26,622
    Nontaxable benefits
    $25,395
    Filer's total
    $257,515

  • Sean Parsons

    SUBSTATION MAINTENANCE TECHNICIAN

    Total calculated
    $262,573
    From this org
    $207,575
    From related orgs
    $0
    Other
    $54,998
    Hours/week
    54.7

    Schedule J breakdown matched by us

    Base
    $144,509
    Bonus
    $0
    Other
    $63,066
    Deferred
    $29,550
    Nontaxable benefits
    $25,448
    Filer's total
    $262,573

  • Brian Swanson

    FOREMAN

    Total calculated
    $271,422
    From this org
    $203,361
    From related orgs
    $0
    Other
    $68,061
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $149,548
    Bonus
    $0
    Other
    $53,813
    Deferred
    $42,381
    Nontaxable benefits
    $25,680
    Filer's total
    $271,422

  • Dan Watters

    FOREMAN

    Total calculated
    $265,803
    From this org
    $208,754
    From related orgs
    $0
    Other
    $57,049
    Hours/week
    54.6

    Schedule J breakdown matched by us

    Base
    $149,837
    Bonus
    $0
    Other
    $58,917
    Deferred
    $31,548
    Nontaxable benefits
    $25,501
    Filer's total
    $265,803

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
J. FOSTER HILDRETH, GENERAL MANAGER, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE AMOUNT CONTRIBUTED IN 2024 WAS $0 (NOT VESTED UNTIL 2028). THE AMOUNT DEFERRED IN 2024 WAS $30,000.

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.

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.

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.

Related corporations and trusts

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

  • ISLAND NETWORK LLC

    C · INTERNET PROVIDER · WA · 100% owned · share of income $9,801,859 · share of assets $22,939,952 · controlled entity

    Directly controlled by ORCAS POWER & LIGHT COOPERATIVE

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202503209349302700

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