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Nonprofiteer
← VIGILANTE ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by VIGILANTE ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$21,272,909
Total expenses
$18,576,687
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$18,345,953
Investment income
$453,836
Other revenue
$2,473,120
Total assets, end of year
$53,024,503
Total liabilities, end of year
$24,928,087
Net assets or fund balances, end of year
$28,096,416
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.

  • 2a · Program service revenue: ELECTRICAL REVENUES

    total $18,345,953 · related or exempt $18,345,953

  • 3 · Investment income

    total $453,836 · related or exempt $453,836

  • 6a · Gross rents

    personal property $16,467

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $16,467

  • 6d · Net rental income or loss

    total $16,467 · excluded $16,467

  • 11a · Other revenue: EQUITY INCOME - LLC

    total $2,293,441 · unrelated business $2,293,441

  • 11b · Other revenue: JOBBING INCOME

    total $58,783 · related or exempt $58,783

  • 11c · Other revenue: PATRONAGE CAPITAL INCOME

    total $54,029 · related or exempt $54,029

  • 11d · All other revenue

    total $50,400 · related or exempt $50,400

  • 11e · Other revenue, total

    $2,456,653

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $688,132

  • 5 · Compensation of officers, directors and key employees

    total $898,513

  • 7 · Other salaries and wages

    total $25,405

  • 9 · Other employee benefits

    total $24,399

  • 11b · Fees: legal

    total $6,786

  • 11c · Fees: accounting

    total $11,755

  • 11d · Fees: lobbying

    total $2,063

  • 11g · Fees: other

    total $105,754

  • 12 · Advertising and promotion

    total $11,384

  • 13 · Office expenses

    total $44,248

  • 14 · Information technology

    total $103,091

  • 19 · Conferences, conventions and meetings

    total $26,039

  • 20 · Interest

    total $616,390

  • 22 · Depreciation, depletion and amortization

    total $1,819,952

  • 23 · Insurance

    total $18,401

  • 24a · Other expenses: INCOME TAXES- MONTANA E

    total $531,969

  • 24b · Other expenses: PURCHASED POWER

    total $8,858,234

  • 24c · Other expenses: DISTRIBUTION OPERATIONS

    total $2,090,086

  • 24d · Other expenses: DISTRIBUTION MAINTENANC

    total $1,617,483

  • 24e · All other expenses

    total $1,076,603

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $732,760 · end of year $314,455

  • 2 · Savings and temporary cash investments

    beginning of year $8,602,025 · end of year $6,860,226

  • 4 · Accounts receivable

    beginning of year $1,518,080 · end of year $1,601,147

  • 8 · Inventories for sale or use

    beginning of year $3,713,806 · end of year $4,968,867

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,790 · end of year $13,357

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

    $67,616,405

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

    $31,938,156

  • 10c · Land, buildings and equipment, net

    beginning of year $33,939,656 · end of year $35,678,249

  • 12 · Investments: other securities

    beginning of year $1,911,048 · end of year $2,210,973

  • 13 · Investments: program-related

    beginning of year $1,021,236 · end of year $1,030,826

  • 15 · Other assets

    beginning of year $660,336 · end of year $346,403

  • 17 · Accounts payable and accrued expenses

    beginning of year $828,881 · end of year $972,296

  • 23 · Secured mortgages and notes payable

    beginning of year $23,456,344 · end of year $22,175,966

  • 25 · Other liabilities

    beginning of year $2,433,318 · end of year $1,779,825

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $12,436,665 · end of year $14,278,050

  • 31 · Retained earnings, endowment or other funds

    beginning of year $12,963,529 · end of year $13,818,366

Mission and programs · 2024

Mission

RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN THE SOUTHWESTERN PORTION OF MONTANA.

Activities or mission (Part I)

TO PROVIDE ELECTRICAL SERVICES AND UTILITIES TO APPROXIMATELY 6,787 MEMBERS AND PATRONS LOCATED IN THE SOUTHWESTERN PORTION OF MONTANA.

  • THE COOPERATIVE ACTIVITES ARE DIRECTLY RELATED TO THE TRANSMISSION AND DISTRIBUTION OF ELECTRICAL SERVICES AND UTILITIES TO APPROXIMATELY 6,787 MEMBERS AND PATRONS LOCATED IN SOUTHWESTERN MONTANA

As filed on the 2024 return.

Listed in Part VII

  • Allen Martinell

    DIRECTOR

    Total calculated
    $21,531
    From this org
    $21,531
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.44 + 1.29 related

  • Andy Johnson

    DIRECTOR

    Total calculated
    $36,207
    From this org
    $36,207
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.06

  • Colt High

    VICE PRESIDENT

    Total calculated
    $18,831
    From this org
    $18,831
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.21

  • Norman E Tebay

    DIRECTOR

    Total calculated
    $19,660
    From this org
    $19,660
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.88 + 1.96 related

  • Dean Hanson

    DIRECTOR

    Total calculated
    $35,157
    From this org
    $35,157
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.08 + 0.25 related

  • Dean Peterson

    DIRECTOR

    Total calculated
    $38,700
    From this org
    $38,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.08 + 2.15 related

  • Cheyenne Garrison

    DIRECTOR

    Total calculated
    $34,675
    From this org
    $34,675
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.63 + 0.52 related

  • John J Moos

    SECRETARY-TREASURER

    Total calculated
    $20,206
    From this org
    $20,206
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.4 + 0.37 related

  • Tom Mitchell

    PRESIDENT

    Total calculated
    $34,782
    From this org
    $34,782
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.54 + 0.12 related

  • Trevor Parke

    GENERAL MANAGER

    Total calculated
    $210,550
    From this org
    $147,327
    From related orgs
    $0
    Other
    $63,223
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,327
    Bonus
    $0
    Other
    $0
    Deferred
    $42,728
    Nontaxable benefits
    $20,495
    Filer's total
    $210,550

  • Rollie Miller

    GENERAL MANAGER PART YEAR

    Total calculated
    $231,666
    From this org
    $200,718
    From related orgs
    $0
    Other
    $30,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,718
    Bonus
    $0
    Other
    $0
    Deferred
    $21,839
    Nontaxable benefits
    $9,109
    Filer's total
    $231,666

  • Raquel Reno-Morast

    OFFICE MANAGER

    Total calculated
    $196,548
    From this org
    $130,836
    From related orgs
    $0
    Other
    $65,712
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,836
    Bonus
    $0
    Other
    $0
    Deferred
    $38,385
    Nontaxable benefits
    $27,327
    Filer's total
    $196,548

  • Gary Ferris

    SYSTEM ENGINEER

    Total calculated
    $189,172
    From this org
    $140,726
    From related orgs
    $0
    Other
    $48,446
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,726
    Bonus
    $0
    Other
    $0
    Deferred
    $34,035
    Nontaxable benefits
    $14,411
    Filer's total
    $189,172

  • Tyler Arnio

    LINEMAN

    Total calculated
    $166,729
    From this org
    $124,003
    From related orgs
    $0
    Other
    $42,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,003
    Bonus
    $0
    Other
    $0
    Deferred
    $25,885
    Nontaxable benefits
    $16,841
    Filer's total
    $166,729

  • James M Reyes

    MANAGER OF ENGINEERING

    Total calculated
    $179,500
    From this org
    $129,922
    From related orgs
    $0
    Other
    $49,578
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,922
    Bonus
    $0
    Other
    $0
    Deferred
    $35,140
    Nontaxable benefits
    $14,438
    Filer's total
    $179,500

  • Justin H Bair

    LINE SUPERINTENDENT

    Total calculated
    $212,443
    From this org
    $140,581
    From related orgs
    $0
    Other
    $71,862
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,581
    Bonus
    $0
    Other
    $0
    Deferred
    $40,914
    Nontaxable benefits
    $30,948
    Filer's total
    $212,443

  • Clinton J Begger

    LINEMAN

    Total calculated
    $176,469
    From this org
    $131,069
    From related orgs
    $0
    Other
    $45,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,069
    Bonus
    $0
    Other
    $0
    Deferred
    $28,473
    Nontaxable benefits
    $16,927
    Filer's total
    $176,469

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

  • 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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MONTANA ENERGY ALLIANCE LLC

    PROPANE SALES · SALE OF PROPANE AND PROPANE SERVICES · MT · 50% owned · share of income $1,724,156 · share of assets $3,745,690 · general or managing partner

    Directly controlled by VIGILANTE ELECTRIC COOPERATIVE INC OWNS 50

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2025
IRS schema version
2024v5.1
Source object
202541359349313069

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