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Nonprofiteer
← WASHINGTON ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by WASHINGTON ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$22,244,051
Total expenses
$21,043,665
Contributions and grants received
$0
Grants paid
$15,510
Program service revenue
$21,097,227
Investment income
$92,907
Other revenue
$1,053,917
Total assets, end of year
$70,994,972
Total liabilities, end of year
$41,941,875
Net assets or fund balances, end of year
$29,053,097
Program services expenses (Part IX)
$21,043,665
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$21,043,665

Program services were 100.0% 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 $21,097,227 · related or exempt $21,097,227

  • 3 · Investment income

    total $92,907 · excluded $92,907

  • 6a · Gross rents

    real property $293,825

  • 6c · Rental income or loss

    real property $293,825

  • 6d · Net rental income or loss

    total $293,825 · excluded $293,825

  • 11a · Other revenue: PATRONAGE CAP FROM ASSOC ORG

    total $760,072 · excluded $760,072

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $20 · excluded $20

  • 11e · Other revenue, total

    $760,092

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,260 · program services $8,260

  • 2 · Grants to domestic individuals

    total $7,250 · program services $7,250

  • 5 · Compensation of officers, directors and key employees

    total $176,543 · program services $176,543

  • 7 · Other salaries and wages

    total $1,482,644 · program services $1,482,644

  • 8 · Pension plan contributions

    total $405,034 · program services $405,034

  • 9 · Other employee benefits

    total $433,916 · program services $433,916

  • 10 · Payroll taxes

    total $136,925 · program services $136,925

  • 11a · Fees: management

    total $69,664 · program services $69,664

  • 11b · Fees: legal

    total $8,904 · program services $8,904

  • 11c · Fees: accounting

    total $12,075 · program services $12,075

  • 11g · Fees: other

    total $16,148 · program services $16,148

  • 12 · Advertising and promotion

    total $1,839 · program services $1,839

  • 13 · Office expenses

    total $161,314 · program services $161,314

  • 14 · Information technology

    total $161,332 · program services $161,332

  • 17 · Travel

    total $42,250 · program services $42,250

  • 19 · Conferences, conventions and meetings

    total $59,089 · program services $59,089

  • 20 · Interest

    total $1,199,485 · program services $1,199,485

  • 22 · Depreciation, depletion and amortization

    total $2,023,376 · program services $2,023,376

  • 23 · Insurance

    total $74,340 · program services $74,340

  • 24a · Other expenses: COST OF POWER

    total $10,488,390 · program services $10,488,390

  • 24b · Other expenses: DISTRIBUTION - MAINTENANC

    total $2,123,766 · program services $2,123,766

  • 24c · Other expenses: DISTRIBUTION - OPERATION

    total $920,264 · program services $920,264

  • 24d · Other expenses: ALL OTHER EXPENSES

    total $537,363 · program services $537,363

  • 24e · All other expenses

    total $493,494 · program services $493,494

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,227,259 · end of year $2,611,955

  • 4 · Accounts receivable

    beginning of year $4,570,817 · end of year $4,099,582

  • 8 · Inventories for sale or use

    beginning of year $783,381 · end of year $852,090

  • 9 · Prepaid expenses and deferred charges

    beginning of year $938,416 · end of year $652,039

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

    $71,854,646

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

    $18,177,211

  • 10c · Land, buildings and equipment, net

    beginning of year $51,922,394 · end of year $53,677,435

  • 12 · Investments: other securities

    beginning of year $8,853,873 · end of year $9,101,871

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,806,727 · end of year $4,406,743

  • 23 · Secured mortgages and notes payable

    beginning of year $37,043,424 · end of year $37,535,132

  • 31 · Retained earnings, endowment or other funds

    beginning of year $28,445,989 · end of year $29,053,097

Mission and programs · 2023

Mission

PROVIDING ELECTRIC POWER TO COOPERATIVE MEMBERS.

  • RURAL DISTRIBUTION OF ELECTRIC ENERGY AND RELATED SERVICES TO 10,528 CONSUMER ACCOUNTS.

    Expenses $21,043,665 · Grants $15,510 · Revenue $21,097,227

As filed on the 2023 return.

Listed in Part VII

  • Jeffrey Triplett

    GENERAL MGR/

    Total calculated
    $281,474
    From this org
    $199,800
    From related orgs
    $0
    Other
    $81,674
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,800
    Bonus
    not reported
    Other
    not reported
    Deferred
    $49,774
    Nontaxable benefits
    $31,900
    Filer's total
    $281,474

  • Kenneth Angle

    OPERATIONS F

    Total calculated
    $179,738
    From this org
    $128,299
    From related orgs
    $0
    Other
    $51,439
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $128,299
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,997
    Nontaxable benefits
    $29,442
    Filer's total
    $179,738

  • Jamie Hummerich

    CONSTRUCTION

    Total calculated
    $175,909
    From this org
    $130,213
    From related orgs
    $0
    Other
    $45,696
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $130,213
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,049
    Nontaxable benefits
    $23,647
    Filer's total
    $175,909

  • Ross Wallace

    SERVICE CREW

    Total calculated
    $167,916
    From this org
    $116,477
    From related orgs
    $0
    Other
    $51,439
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $116,477
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,997
    Nontaxable benefits
    $29,442
    Filer's total
    $167,916

  • Dakota Hornak

    LINEMAN 1ST

    Total calculated
    $166,459
    From this org
    $122,411
    From related orgs
    $0
    Other
    $44,048
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $122,411
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,195
    Nontaxable benefits
    $22,853
    Filer's total
    $166,459

  • Alex Haught

    LINEMAN 1ST

    Total calculated
    $145,937
    From this org
    $119,721
    From related orgs
    $0
    Other
    $26,216
    Hours/week
    49

  • Betty Martin

    SECRETARY/TR

    Total calculated
    $9,706
    From this org
    $9,700
    From related orgs
    $0
    Other
    $6
    Hours/week
    5.8

  • Brent Smith

    1ST VICE CHA

    Total calculated
    $9,106
    From this org
    $9,100
    From related orgs
    $0
    Other
    $6
    Hours/week
    4.6

  • Gale Depuy

    ASST. SEC./T

    Total calculated
    $7,006
    From this org
    $7,000
    From related orgs
    $0
    Other
    $6
    Hours/week
    3.3

  • Paul Fleeman

    CHAIRMAN

    Total calculated
    $6,706
    From this org
    $6,700
    From related orgs
    $0
    Other
    $6
    Hours/week
    4.5

  • Brian Carter

    TRUSTEE

    Total calculated
    $6,406
    From this org
    $6,400
    From related orgs
    $0
    Other
    $6
    Hours/week
    4.7

  • Larry Ullman

    TRUSTEE

    Total calculated
    $6,104
    From this org
    $6,100
    From related orgs
    $0
    Other
    $4
    Hours/week
    5

  • William Bowersock

    TRUSTEE

    Total calculated
    $4,803
    From this org
    $4,800
    From related orgs
    $0
    Other
    $3
    Hours/week
    3.5

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

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
24 October 2024
IRS schema version
2023v5.0
Source object
202422999349301317

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