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Nonprofiteer
← WHEATLAND RURAL ELECTRIC ASSOCIATION

Form 990 for tax year 2024

Filed by WHEATLAND RURAL ELECTRIC ASSOCIATION.

Totals

Total revenue
$20,406,636
Total expenses
$20,406,636
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,980,625
Investment income
$404,516
Other revenue
$21,495
Total assets, end of year
$43,168,834
Total liabilities, end of year
$19,922,306
Net assets or fund balances, end of year
$23,246,528
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 $18,903,544 · related or exempt $18,903,544

  • 2b · Program service revenue: Capital Credits

    total $960,510 · related or exempt $960,510

  • 2c · Program service revenue: Other Operating

    total $116,571 · related or exempt $116,571

  • 3 · Investment income

    total $404,516 · excluded $404,516

  • 6a · Gross rents

    personal property $303

  • 6c · Rental income or loss

    personal property $303

  • 6d · Net rental income or loss

    total $303 · excluded $303

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Non Operating

    total $21,192 · related or exempt $21,192

  • 11e · Other revenue, total

    $21,192

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,806,284

  • 5 · Compensation of officers, directors and key employees

    total $451,278

  • 7 · Other salaries and wages

    total $168,468

  • 20 · Interest

    total $890,385

  • 22 · Depreciation, depletion and amortization

    total $1,074,845

  • 24a · Other expenses: Cost of Power

    total $12,309,685 · program services $12,309,685

  • 24b · Other expenses: Distribution Expense

    total $1,446,869 · program services $1,446,869

  • 24c · Other expenses: Admin & General

    total $1,047,931 · program services $1,047,931

  • 24d · Other expenses: Member Services

    total $210,891 · program services $210,891

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,892,311 · end of year $2,752,567

  • 2 · Savings and temporary cash investments

    beginning of year $3,685,244 · end of year $2,741,718

  • 4 · Accounts receivable

    beginning of year $1,553,014 · end of year $1,578,325

  • 8 · Inventories for sale or use

    beginning of year $508,205 · end of year $519,072

  • 9 · Prepaid expenses and deferred charges

    beginning of year $289,511 · end of year $345,661

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

    $41,507,933

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

    $16,714,107

  • 10c · Land, buildings and equipment, net

    beginning of year $23,631,894 · end of year $24,793,826

  • 13 · Investments: program-related

    beginning of year $9,683,026 · end of year $10,437,665

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,159,308 · end of year $1,398,669

  • 23 · Secured mortgages and notes payable

    beginning of year $18,935,635 · end of year $18,191,655

  • 25 · Other liabilities

    beginning of year -$20,265 · end of year $331,982

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

    beginning of year $915,486 · end of year $1,014,557

  • 31 · Retained earnings, endowment or other funds

    beginning of year $20,253,041 · end of year $22,231,971

Mission and programs · 2024

Mission

See Schedule O

  • Wheatland Rural Electric Association, Inc. is a member owned electric cooperative that provides 1,815 miles of line, as well as 4,291 different services to around 1,978 members.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jason Wright

    General Manager

    Total calculated
    $258,937
    From this org
    $190,041
    From related orgs
    $0
    Other
    $68,896
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $190,041
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,334
    Nontaxable benefits
    $48,562
    Filer's total
    $258,937

  • Levi Eaton

    Operations Manager

    Total calculated
    $168,468
    From this org
    $114,013
    From related orgs
    $0
    Other
    $54,455
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $114,013
    Bonus
    not reported
    Other
    not reported
    Deferred
    $11,843
    Nontaxable benefits
    $42,612
    Filer's total
    $168,468

  • Rhonda Apodaca

    Finance - Office Manager

    Total calculated
    $168,029
    From this org
    $125,342
    From related orgs
    $0
    Other
    $42,687
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $125,342
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,160
    Nontaxable benefits
    $29,527
    Filer's total
    $168,029

  • Sandra Hranchak

    Director

    Total calculated
    $9,158
    From this org
    $9,158
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Amy Johnston Miller

    Director

    Total calculated
    $4,331
    From this org
    $4,331
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Doug Smialek

    Director

    Total calculated
    $3,773
    From this org
    $3,773
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Robert Brockman

    Director

    Total calculated
    $3,469
    From this org
    $3,469
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jack Finnerty

    Director

    Total calculated
    $3,104
    From this org
    $3,104
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jason Goertz

    Director

    Total calculated
    $477
    From this org
    $477
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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
  • 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
2024
Filed
11 August 2025
IRS schema version
2024v5.2
Source object
202542299349300104

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