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Nonprofiteer
← WEST OREGON ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by WEST OREGON ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$15,106,488
Total expenses
$15,106,488
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,578,901
Investment income
$527,587
Other revenue
$0
Total assets, end of year
$51,828,193
Total liabilities, end of year
$25,434,755
Net assets or fund balances, end of year
$26,393,438
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: SALE OF ELECTRIC ENERGY

    total $14,530,987 · related or exempt $14,530,987

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $45,938 · related or exempt $45,938

  • 2c · Program service revenue: NON OPERATING INCOME

    total $1,976 · related or exempt $1,976

  • 3 · Investment income

    total $527,587 · excluded $527,587

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,381,940

  • 5 · Compensation of officers, directors and key employees

    total $1,189,051

  • 20 · Interest

    total $869,956

  • 22 · Depreciation, depletion and amortization

    total $1,369,558

  • 24a · Other expenses: DISTRIBUTION - MAINTENA

    total $4,231,079

  • 24b · Other expenses: COST OF POWER

    total $2,748,195

  • 24c · Other expenses: DISTRIBUTION _ OPERATIO

    total $2,070,035

  • 24d · Other expenses: TAXES

    total $607,899

  • 24e · All other expenses

    total $638,775

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,850,710 · end of year $1,183,117

  • 4 · Accounts receivable

    beginning of year $1,780,135 · end of year $1,700,038

  • 8 · Inventories for sale or use

    beginning of year $717,664 · end of year $1,056,044

  • 9 · Prepaid expenses and deferred charges

    beginning of year $363,881 · end of year $403,459

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

    $48,596,267

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

    $23,296,302

  • 10c · Land, buildings and equipment, net

    beginning of year $25,733,009 · end of year $25,299,965

  • 13 · Investments: program-related

    beginning of year $10,156,299 · end of year $11,522,378

  • 15 · Other assets

    beginning of year $7,890,191 · end of year $10,663,192

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,238,621 · end of year $710,263

  • 23 · Secured mortgages and notes payable

    beginning of year $20,660,174 · end of year $22,115,816

  • 24 · Unsecured notes and loans payable

    beginning of year $700,000 · end of year $2,000,000

  • 25 · Other liabilities

    beginning of year $838,037 · end of year $608,676

  • 29 · Capital stock, trust principal or current funds

    beginning of year $10,226 · end of year $10,344

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

    beginning of year $24,585,649 · end of year $25,895,513

  • 31 · Retained earnings, endowment or other funds

    beginning of year $459,182 · end of year $487,581

Mission and programs · 2023

Mission

TO PROVIDE ELECTRIC ENERGY TO ITS MEMBERS IN THE SERVICE TERRITORY OF NORTHWEST OREGON.

  • TO PROVIDE ELECTRIC ENERGY TO ITS MEMBERS IN THE SERVICE TERRITORY OF NORTHWEST OREGON.

As filed on the 2023 return.

Listed in Part VII

  • Patricia M Jordan

    VICE PRESIDENT

    Total calculated
    $5,935
    From this org
    $5,919
    From related orgs
    $0
    Other
    $16
    Hours/week
    2

  • Paul Seamons

    DIRECTOR

    Total calculated
    $2,116
    From this org
    $2,100
    From related orgs
    $0
    Other
    $16
    Hours/week
    2

  • James Buxton

    PRESIDENT

    Total calculated
    $3,755
    From this org
    $3,750
    From related orgs
    $0
    Other
    $5
    Hours/week
    2

  • Robert B Costley

    DIRECTOR

    Total calculated
    $2,266
    From this org
    $2,250
    From related orgs
    $0
    Other
    $16
    Hours/week
    2

  • Jolene Jonas

    DIRECTOR

    Total calculated
    $3,616
    From this org
    $3,600
    From related orgs
    $0
    Other
    $16
    Hours/week
    2

  • Mark Ludeman

    SECRETARY/TREASURER

    Total calculated
    $2,717
    From this org
    $2,700
    From related orgs
    $0
    Other
    $17
    Hours/week
    2

  • Ray Taber

    DIRECTOR

    Total calculated
    $5,715
    From this org
    $5,700
    From related orgs
    $0
    Other
    $15
    Hours/week
    2

  • Daniel Huggett

    CFO

    Total calculated
    $249,841
    From this org
    $144,000
    From related orgs
    $0
    Other
    $105,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,000
    Bonus
    $0
    Other
    $0
    Deferred
    $105,841
    Nontaxable benefits
    $0
    Filer's total
    $249,841

  • Billi S Kohler

    GENERAL MANAGER

    Total calculated
    $279,084
    From this org
    $176,040
    From related orgs
    $0
    Other
    $103,044
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,040
    Bonus
    $0
    Other
    $0
    Deferred
    $103,044
    Nontaxable benefits
    $0
    Filer's total
    $279,084

  • Donald Grose

    OPERATIONS MANAGER

    Total calculated
    $362,625
    From this org
    $239,849
    From related orgs
    $0
    Other
    $122,776
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,849
    Bonus
    $0
    Other
    $0
    Deferred
    $122,776
    Nontaxable benefits
    $0
    Filer's total
    $362,625

  • Andrew Scott Larson

    OPERATIONS MANAGER

    Total calculated
    $271,381
    From this org
    $170,725
    From related orgs
    $0
    Other
    $100,656
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,725
    Bonus
    $0
    Other
    $0
    Deferred
    $100,656
    Nontaxable benefits
    $0
    Filer's total
    $271,381

  • Jason C Liday

    LINEMAN

    Total calculated
    $328,698
    From this org
    $226,119
    From related orgs
    $0
    Other
    $102,579
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $226,119
    Bonus
    $0
    Other
    $0
    Deferred
    $102,579
    Nontaxable benefits
    $0
    Filer's total
    $328,698

  • Colton Dewitt

    LINEMAN

    Total calculated
    $323,370
    From this org
    $231,730
    From related orgs
    $0
    Other
    $91,640
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $231,730
    Bonus
    $0
    Other
    $0
    Deferred
    $91,640
    Nontaxable benefits
    $0
    Filer's total
    $323,370

  • Jamie M Mullins

    LINEMAN

    Total calculated
    $246,971
    From this org
    $162,040
    From related orgs
    $0
    Other
    $84,931
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $162,040
    Bonus
    $0
    Other
    $0
    Deferred
    $84,931
    Nontaxable benefits
    $0
    Filer's total
    $246,971

  • Terry J Pike

    LINEMAN

    Total calculated
    $287,010
    From this org
    $188,234
    From related orgs
    $0
    Other
    $98,776
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $188,234
    Bonus
    $0
    Other
    $0
    Deferred
    $98,776
    Nontaxable benefits
    $0
    Filer's total
    $287,010

  • Kyle C Cota

    LINEMAN

    Total calculated
    $291,055
    From this org
    $195,060
    From related orgs
    $0
    Other
    $95,995
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $195,060
    Bonus
    $0
    Other
    $0
    Deferred
    $95,995
    Nontaxable benefits
    $0
    Filer's total
    $291,055

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

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.

  • COLUMBIA BROADBAND INC

    C · TELECOM · OR · 100% owned · share of income $17,198 · share of assets $307,995

    Directly controlled by WEST OREGON SERVICE

  • WEST OREGON SERVICES INC

    C · HOLDING COMPANY · OR · 100% owned · share of assets $15,000

    Directly controlled by WEST OREGON ELECTRIC

Provenance

Return type
form_990
Tax year
2023
Filed
3 July 2024
IRS schema version
2023v5.1
Source object
202421859349301512

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