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Nonprofiteer
← SALMON RIVER ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by SALMON RIVER ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$9,137,342
Total expenses
$8,745,407
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,654,869
Investment income
$312,373
Other revenue
$170,100
Total assets, end of year
$23,373,177
Total liabilities, end of year
$7,923,332
Net assets or fund balances, end of year
$15,449,845
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: ELECTRICITY SALES

    total $8,243,816 · related or exempt $8,243,816

  • 2b · Program service revenue: OTHER ELECTRIC REVENUE

    total $411,053 · related or exempt $411,053

  • 3 · Investment income

    total $340,182 · related or exempt $48,455 · excluded $291,727

  • 6a · Gross rents

    real property $170,100

  • 6c · Rental income or loss

    real property $170,100

  • 6d · Net rental income or loss

    total $170,100 · unrelated business $170,100

  • 7a · Gross sales of assets other than inventory

    other assets -$27,809

  • 7c · Gain or loss

    other assets -$27,809

  • 7d · Net gain or loss

    total -$27,809 · related or exempt -$27,809

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $409,385

  • 5 · Compensation of officers, directors and key employees

    total $699,690

  • 7 · Other salaries and wages

    total $1,336,473

  • 8 · Pension plan contributions

    total $346,905

  • 9 · Other employee benefits

    total $281,941

  • 10 · Payroll taxes

    total $129,935

  • 11b · Fees: legal

    total $2,448

  • 11c · Fees: accounting

    total $10,500

  • 14 · Information technology

    total $3,592

  • 16 · Occupancy

    total $35,662

  • 20 · Interest

    total $297,972

  • 22 · Depreciation, depletion and amortization

    total $822,083

  • 23 · Insurance

    total $42,347

  • 24a · Other expenses: COST OF POWER

    total $4,238,755 · program services $4,238,755

  • 24b · Other expenses: DISTRIBUTION-OPERATIONS

    total $1,065,175 · program services $1,065,175

  • 24c · Other expenses: ADMIN AND GENERAL

    total $858,923 · program services $858,923

  • 24d · Other expenses: DISTRIBUTION-MAINTENANCE

    total $504,396 · program services $504,396

  • 24e · All other expenses

    total -$2,340,775

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,542,006

  • 2 · Savings and temporary cash investments

    beginning of year $1,422,397

  • 4 · Accounts receivable

    beginning of year $735,251 · end of year $821,999

  • 7 · Other notes and loans receivable

    beginning of year $1,098,632 · end of year $834,961

  • 8 · Inventories for sale or use

    beginning of year $782,965 · end of year $690,360

  • 9 · Prepaid expenses and deferred charges

    beginning of year $58,547 · end of year $67,977

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

    $30,823,367

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

    $15,206,503

  • 10c · Land, buildings and equipment, net

    beginning of year $15,325,308 · end of year $15,616,864

  • 15 · Other assets

    beginning of year $3,466,654 · end of year $3,799,010

  • 17 · Accounts payable and accrued expenses

    beginning of year $388,816 · end of year $378,238

  • 23 · Secured mortgages and notes payable

    beginning of year $7,101,013 · end of year $6,835,567

  • 25 · Other liabilities

    beginning of year $651,781 · end of year $709,527

  • 29 · Capital stock, trust principal or current funds

    beginning of year $22,410 · end of year $22,020

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

    beginning of year $7,902,103 · end of year $8,054,096

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,823,631 · end of year $7,373,729

Mission and programs · 2025

Mission

PROVIDE ELECTRIC DISTRIBUTION AND TRANSMISSION SERVICES TO ITS MEMBERS IN PARTS OF CUSTER, BLAINE, AND LEMHI COUNTIES IN IDAHO.

  • THE COOPERATIVE PURCHASES AND PROVIDES ELECTRIC ENERGY TO ITS MEMBERS.

As filed on the 2025 return.

Listed in Part VII

  • Ken Dizes

    GENERAL MANAGER

    Total calculated
    $467,245
    From this org
    $320,966
    From related orgs
    $0
    Other
    $146,279
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $320,966
    Bonus
    not reported
    Other
    not reported
    Deferred
    $105,944
    Nontaxable benefits
    $40,335
    Filer's total
    $467,245

  • Dennis Swindell

    OPERATIONS MANAGER

    Total calculated
    $245,199
    From this org
    $162,435
    From related orgs
    $0
    Other
    $82,764
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,435
    Bonus
    not reported
    Other
    not reported
    Deferred
    $51,801
    Nontaxable benefits
    $30,963
    Filer's total
    $245,199

  • Kip Erickson

    LINE SUPERINTENDENT

    Total calculated
    $217,567
    From this org
    $141,153
    From related orgs
    $0
    Other
    $76,414
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $141,153
    Bonus
    not reported
    Other
    not reported
    Deferred
    $42,535
    Nontaxable benefits
    $33,879
    Filer's total
    $217,567

  • Joseph Runnels

    LINE FOREMAN

    Total calculated
    $207,099
    From this org
    $136,954
    From related orgs
    $0
    Other
    $70,145
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $136,954
    Bonus
    not reported
    Other
    not reported
    Deferred
    $38,936
    Nontaxable benefits
    $31,209
    Filer's total
    $207,099

  • Will Anderson

    JOURNEYMAN LINEMAN

    Total calculated
    $190,695
    From this org
    $130,546
    From related orgs
    $0
    Other
    $60,149
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $130,546
    Bonus
    not reported
    Other
    not reported
    Deferred
    $38,766
    Nontaxable benefits
    $21,383
    Filer's total
    $190,695

  • Grant Poliquin

    JOURNEYMAN LINEMAN

    Total calculated
    $187,891
    From this org
    $129,359
    From related orgs
    $0
    Other
    $58,532
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $129,359
    Bonus
    not reported
    Other
    not reported
    Deferred
    $38,689
    Nontaxable benefits
    $19,843
    Filer's total
    $187,891

  • Steve Sidlo

    DIRECTOR OF FINANCE

    Total calculated
    $182,069
    From this org
    $126,462
    From related orgs
    $0
    Other
    $55,607
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $126,462
    Bonus
    not reported
    Other
    not reported
    Deferred
    $42,605
    Nontaxable benefits
    $13,002
    Filer's total
    $182,069

  • Norman Wallis

    PRESIDENT

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Robert Boren

    DIRECTOR

    Total calculated
    $9,075
    From this org
    $9,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Michael Miller

    DIRECTOR

    Total calculated
    $8,700
    From this org
    $8,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Steve Rembelski

    VICE-PRESIDENT

    Total calculated
    $7,200
    From this org
    $7,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Dennis Thornock

    DIRECTOR

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

  • Earl Skeen

    DIRECTOR

    Total calculated
    $5,650
    From this org
    $5,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Steve Stroud

    DIRECTOR

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Kirk Edge

    SECRETARYTREASURER

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

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.

  • SALMON RIVER PROPANE

    C Corp · SALES OF PROPANE · ID · 100% owned · share of income $510,176 · share of assets $4,446,899 · controlled entity

    Directly controlled by SALMON RIVER ELECTRIC

Provenance

Return type
form_990
Tax year
2025
Filed
26 August 2026
IRS schema version
2025v4.2
Source object
202602389349300135

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