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Nonprofiteer
← RICHLAND ELECTRIC COOPERATIVE

Form 990 for tax year 2025

Filed by RICHLAND ELECTRIC COOPERATIVE.

Totals

Total revenue
$9,867,520
Total expenses
$9,584,384
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$9,822,992
Investment income
$16,777
Other revenue
$27,751
Total assets, end of year
$29,345,176
Total liabilities, end of year
$17,032,249
Net assets or fund balances, end of year
$12,312,927
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 $9,477,178 · related or exempt $9,477,178

  • 2b · Program service revenue: CAPITAL CREDITS

    total $256,525 · related or exempt $256,525

  • 2c · Program service revenue: OTHER

    total $60,760 · related or exempt $60,760

  • 2d · Program service revenue: POLE RENT

    total $22,529 · excluded $22,529

  • 2e · Program service revenue: RENT FORM CONTROLLED ENTITY

    total $6,000 · unrelated business $6,000

  • 3 · Investment income

    total $13,563 · excluded $13,563

  • 7a · Gross sales of assets other than inventory

    other assets $3,214

  • 7c · Gain or loss

    other assets $3,214

  • 7d · Net gain or loss

    total $3,214 · related or exempt $3,214

  • 11a · Other revenue: SALE OF INVENTORY

    total $23,133 · unrelated business $23,133

  • 11b · Other revenue: FIRST CALL REVENUE

    total $3,625 · unrelated business $3,625

  • 11c · Other revenue: OTHER

    total $993 · unrelated business $993

  • 11e · Other revenue, total

    $27,751

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $281,207

  • 5 · Compensation of officers, directors and key employees

    total $223,370

  • 20 · Interest

    total $622,934

  • 22 · Depreciation, depletion and amortization

    total $1,054,786

  • 24a · Other expenses: PURCHASED POWER

    total $4,230,339

  • 24b · Other expenses: ADMIN AND GENERAL

    total $1,222,955

  • 24c · Other expenses: DISTRIBUTION-MAINTENANCE

    total $1,117,940

  • 24d · Other expenses: DISTRIBUTION - OPERATIONS

    total $475,615

  • 24e · All other expenses

    total $355,238

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $129,022 · end of year $485,946

  • 2 · Savings and temporary cash investments

    beginning of year $361,589 · end of year $361,773

  • 4 · Accounts receivable

    beginning of year $981,338 · end of year $951,338

  • 7 · Other notes and loans receivable

    beginning of year $211,034 · end of year $176,485

  • 8 · Inventories for sale or use

    beginning of year $387,193 · end of year $367,679

  • 9 · Prepaid expenses and deferred charges

    beginning of year $115,291 · end of year $145,706

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

    $35,334,182

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

    $13,258,585

  • 10c · Land, buildings and equipment, net

    beginning of year $22,119,728 · end of year $22,075,597

  • 13 · Investments: program-related

    beginning of year $4,670,056 · end of year $4,777,935

  • 15 · Other assets

    beginning of year $30,910 · end of year $2,717

  • 17 · Accounts payable and accrued expenses

    beginning of year $410,403 · end of year $644,420

  • 23 · Secured mortgages and notes payable

    beginning of year $14,986,925 · end of year $14,964,085

  • 25 · Other liabilities

    beginning of year $1,582,436 · end of year $1,423,744

  • 31 · Retained earnings, endowment or other funds

    beginning of year $12,026,397 · end of year $12,312,927

Mission and programs · 2025

Mission

PROVIDE ELECTRIC ENERGY SERVICE TO OUR 3,911 MEMBERS.

  • PROVIDE ELECTRIC ENERGY TO ITS 3,911 MEMBERS

As filed on the 2025 return.

Listed in Part VII

  • Shannon Clark

    EXECUTIVE VP

    Total calculated
    $409,291
    From this org
    $234,491
    From related orgs
    $0
    Other
    $174,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,491
    Bonus
    not reported
    Other
    not reported
    Deferred
    $145,274
    Nontaxable benefits
    $29,526
    Filer's total
    $409,291

  • Amy Martin

    CEO/GM

    Total calculated
    $283,973
    From this org
    $170,970
    From related orgs
    $0
    Other
    $113,003
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $166,970
    Bonus
    $4,000
    Other
    not reported
    Deferred
    $83,662
    Nontaxable benefits
    $29,341
    Filer's total
    $283,973

  • Curt Brockway

    LINE SUPERIN

    Total calculated
    $203,079
    From this org
    $126,484
    From related orgs
    $0
    Other
    $76,595
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $123,484
    Bonus
    $3,000
    Other
    not reported
    Deferred
    $62,980
    Nontaxable benefits
    $13,615
    Filer's total
    $203,079

  • David Darling

    JOURNEYMANLI

    Total calculated
    $162,276
    From this org
    $130,751
    From related orgs
    $0
    Other
    $31,525
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $130,751
    Bonus
    not reported
    Other
    not reported
    Deferred
    $30,906
    Nontaxable benefits
    $619
    Filer's total
    $162,276

  • Grant Worthington

    JOURNEYMANLI

    Total calculated
    $144,055
    From this org
    $132,136
    From related orgs
    $0
    Other
    $11,919
    Hours/week
    46

  • James Kaderavek

    JOURNEYMANLI

    Total calculated
    $138,083
    From this org
    $128,300
    From related orgs
    $0
    Other
    $9,783
    Hours/week
    45

  • Kevin Kepler

    DIRECTOR

    Total calculated
    $9,225
    From this org
    $9,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Calvin Sebranek

    PRESIDENT

    Total calculated
    $7,875
    From this org
    $7,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Judy Murphy

    SECRETARY

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Timothy Tiller

    TREASURER

    Total calculated
    $6,125
    From this org
    $6,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Steven Fuller

    DIRECTOR

    Total calculated
    $6,075
    From this org
    $6,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Daniel Hillberry

    VICE PRESIDE

    Total calculated
    $5,600
    From this org
    $5,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • James Goplin

    DIRECTOR

    Total calculated
    $5,175
    From this org
    $5,175
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jeffrey Monson

    DIRECTOR

    Total calculated
    $4,850
    From this org
    $4,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Dennis Brown

    DIRECTOR

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Donald Huffman

    DIRECTOR

    Total calculated
    $1,225
    From this org
    $1,225
    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

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.

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.

  • ENCORE SERVICES INC

    C CORP · PART VII · WI · 100% owned · share of income -$10,544 · share of assets $100,447 · controlled entity

    Directly controlled by PART VII

  • ENCORE ELECTRONICS AND WIRELESS IN

    C CORP · PART VII · WI · 100% owned · share of income -$17 · share of assets $454,893 · controlled entity

    Directly controlled by PART VII

Provenance

Return type
form_990
Tax year
2025
Filed
1 May 2026
IRS schema version
2025v4.0
Source object
202601259349302120

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