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Nonprofiteer
← WESTERN COOPERATIVE ELECTRIC ASSOCIATION INC

Form 990 for tax year 2023

Filed by WESTERN COOPERATIVE ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$37,553,964
Total expenses
$37,553,964
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$37,485,170
Investment income
$67,777
Other revenue
$1,017
Total assets, end of year
$117,589,426
Total liabilities, end of year
$61,326,807
Net assets or fund balances, end of year
$56,262,619
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$37,553,964

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 Energy Sales

    total $35,332,479 · related or exempt $35,332,479

  • 2b · Program service revenue: Rent Electric Property

    total $14,653 · excluded $14,653

  • 2c · Program service revenue: Consumer Int Fees

    total $29,963 · related or exempt $29,963

  • 2d · Program service revenue: Capital Credits

    total $1,468,780 · related or exempt $1,468,780

  • 2f · All other program service revenue

    total $639,295 · related or exempt $639,295

  • 3 · Investment income

    total $67,777 · related or exempt $67,777

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $5,731

  • 10b · Cost of goods sold

    $4,714

  • 10c · Net income from sales of inventory

    total $1,017

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,863,319

  • 5 · Compensation of officers, directors and key employees

    total $1,098,532

  • 7 · Other salaries and wages

    total $2,096,018

  • 8 · Pension plan contributions

    total $1,294,861

  • 9 · Other employee benefits

    total $292,052

  • 10 · Payroll taxes

    total $235,015

  • 11b · Fees: legal

    total $16,104

  • 11c · Fees: accounting

    total $19,025

  • 13 · Office expenses

    total $295,763

  • 14 · Information technology

    total $273,088

  • 19 · Conferences, conventions and meetings

    total $146,545

  • 20 · Interest

    total $1,513,069

  • 22 · Depreciation, depletion and amortization

    total $2,498,480

  • 23 · Insurance

    total $158,237

  • 24a · Other expenses: Purchased Power

    total $20,490,001

  • 24b · Other expenses: Operations

    total $414,000

  • 24c · Other expenses: Maintenance

    total $574,326

  • 24d · Other expenses: Property Taxes

    total $927,421

  • 24e · All other expenses

    total $1,348,108

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $918,517 · end of year $847,347

  • 2 · Savings and temporary cash investments

    beginning of year $110 · end of year $962

  • 4 · Accounts receivable

    beginning of year $4,810,026 · end of year $4,769,602

  • 8 · Inventories for sale or use

    beginning of year $3,075,902 · end of year $3,991,769

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,521,570 · end of year $643,239

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

    $111,538,377

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

    $31,326,218

  • 10c · Land, buildings and equipment, net

    beginning of year $77,933,104 · end of year $80,212,159

  • 13 · Investments: program-related

    beginning of year $26,741,246 · end of year $27,124,348

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,538,046 · end of year $2,690,563

  • 23 · Secured mortgages and notes payable

    beginning of year $56,595,771 · end of year $55,708,238

  • 24 · Unsecured notes and loans payable

    beginning of year $2,443,286 · end of year $1,735,158

  • 25 · Other liabilities

    beginning of year $1,177,869 · end of year $1,192,848

  • 31 · Retained earnings, endowment or other funds

    beginning of year $53,245,503 · end of year $56,262,619

Mission and programs · 2023

Mission

It is the mission of Western Cooperative Electric to provide reliable energy and optimum services for the betterment of its members.

Activities or mission (Part I)

It is the mission of Western Cooperative Electric to provide reliable energy and optimum services for the betterment of its members

  • Provide electrical service to 12,101 meters in our designated service territory.

    Expenses $37,553,964 · Revenue $37,553,964

As filed on the 2023 return.

Listed in Part VII

  • Craig Crossland

    Director

    Total calculated
    $7,200
    From this org
    $7,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.2

    Schedule J breakdown matched by us

    Base
    $7,200
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $7,200

  • Terry Hobbs

    VicePresident

    Total calculated
    $18,910
    From this org
    $18,910
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.3

    Schedule J breakdown matched by us

    Base
    $18,910
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $18,910

  • Richard Schaus

    Secretary Treasurer

    Total calculated
    $7,800
    From this org
    $7,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.1

    Schedule J breakdown matched by us

    Base
    $7,800
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $7,800

  • Frank Joy

    Director

    Total calculated
    $12,300
    From this org
    $12,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.6

    Schedule J breakdown matched by us

    Base
    $12,300
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $12,300

  • Dale Weinhold

    Director

    Total calculated
    $17,100
    From this org
    $17,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.6

    Schedule J breakdown matched by us

    Base
    $17,100
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $17,100

  • Susan Rohleder

    Director

    Total calculated
    $7,800
    From this org
    $7,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.7

    Schedule J breakdown matched by us

    Base
    $7,800
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $7,800

  • Marvin Keller

    Director

    Total calculated
    $18,300
    From this org
    $18,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.2

    Schedule J breakdown matched by us

    Base
    $18,300
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $18,300

  • Landon Heier

    Director

    Total calculated
    $14,400
    From this org
    $14,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.2

    Schedule J breakdown matched by us

    Base
    $14,400
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $14,400

  • Tom Ruth

    General Manager

    Total calculated
    $312,560
    From this org
    $235,704
    From related orgs
    $0
    Other
    $76,856
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,472
    Bonus
    not reported
    Other
    $6,232
    Deferred
    $76,856
    Nontaxable benefits
    $28,652
    Filer's total
    $341,212

  • Stacey Malsam

    CFO

    Total calculated
    $181,762
    From this org
    $150,034
    From related orgs
    $0
    Other
    $31,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,735
    Bonus
    not reported
    Other
    $299
    Deferred
    $31,728
    Nontaxable benefits
    $28,652
    Filer's total
    $210,414

  • Ron Aschenbrenner

    Line Superintendent

    Total calculated
    $177,768
    From this org
    $133,197
    From related orgs
    $0
    Other
    $44,571
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,613
    Bonus
    not reported
    Other
    $584
    Deferred
    $44,571
    Nontaxable benefits
    $28,652
    Filer's total
    $206,420

  • Jerry Casey

    Operations Field Super

    Total calculated
    $165,374
    From this org
    $115,132
    From related orgs
    $0
    Other
    $50,242
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,730
    Bonus
    not reported
    Other
    $1,402
    Deferred
    $50,242
    Nontaxable benefits
    $28,652
    Filer's total
    $194,026

  • Mark Klein

    Line Foreman

    Total calculated
    $152,060
    From this org
    $112,625
    From related orgs
    $0
    Other
    $39,435
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,845
    Bonus
    not reported
    Other
    $780
    Deferred
    $39,435
    Nontaxable benefits
    $28,652
    Filer's total
    $180,712

  • Craig Cramer

    Manager of IS

    Total calculated
    $153,760
    From this org
    $118,326
    From related orgs
    $0
    Other
    $35,434
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,815
    Bonus
    not reported
    Other
    $511
    Deferred
    $35,434
    Nontaxable benefits
    $28,652
    Filer's total
    $182,412

  • Nickolas Zerr

    President

    Total calculated
    $17,700
    From this org
    $17,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.9

    Schedule J breakdown matched by us

    Base
    $17,700
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $17,700

  • Nathan Budig

    Asst Line Superintende

    Total calculated
    $142,579
    From this org
    $112,003
    From related orgs
    $0
    Other
    $30,576
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,696
    Bonus
    not reported
    Other
    $307
    Deferred
    $30,576
    Nontaxable benefits
    $28,652
    Filer's total
    $171,231

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2023
Filed
21 March 2024
IRS schema version
2023v5.0
Source object
202420819349300742

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