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← MISSOULA ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by MISSOULA ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$30,267,424
Total expenses
$29,705,211
Contributions and grants received
$0
Grants paid
$26,653
Program service revenue
$28,580,144
Investment income
$469,757
Other revenue
$1,217,523
Total assets, end of year
$82,831,587
Total liabilities, end of year
$44,381,428
Net assets or fund balances, end of year
$38,450,159
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: Member power sales

    total $27,031,439 · related or exempt $27,031,439

  • 2b · Program service revenue: Other operating revenue

    total $1,548,705 · related or exempt $1,548,705

  • 3 · Investment income

    total $438,403 · related or exempt $282,434 · excluded $155,969

  • 6a · Gross rents

    real property $74,400

  • 6c · Rental income or loss

    real property $74,400

  • 6d · Net rental income or loss

    total $74,400 · excluded $74,400

  • 7a · Gross sales of assets other than inventory

    other assets $66,398

  • 7b · Less cost or other basis and sales expenses

    other assets $35,044

  • 7c · Gain or loss

    other assets $31,354

  • 7d · Net gain or loss

    total $31,354 · related or exempt $31,354

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Equity in sub income

    total $1,144,628 · unrelated business $1,144,628

  • 11b · Other revenue: other non-op income

    total -$1,505 · related or exempt -$1,505

  • 11e · Other revenue, total

    $1,143,123

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,653

  • 4 · Benefits paid to or for members

    total $1,275,208

  • 5 · Compensation of officers, directors and key employees

    total $1,199,617

  • 7 · Other salaries and wages

    total $4,207,826

  • 8 · Pension plan contributions

    total $1,304,687

  • 10 · Payroll taxes

    total $490,991

  • 11b · Fees: legal

    total $25,775

  • 11c · Fees: accounting

    total $17,150

  • 12 · Advertising and promotion

    total $132,723

  • 13 · Office expenses

    total $72,877

  • 14 · Information technology

    total $127,628

  • 16 · Occupancy

    total $110,649

  • 19 · Conferences, conventions and meetings

    total $163,602

  • 20 · Interest

    total $1,401,464

  • 22 · Depreciation, depletion and amortization

    total $3,175,895

  • 23 · Insurance

    total $311,959

  • 24a · Other expenses: Cost of power

    total $13,116,793 · program services $13,116,793

  • 24b · Other expenses: Distribution - operations

    total $3,956,040 · program services $3,956,040

  • 24c · Other expenses: Distribution - maintenance

    total $3,101,709 · program services $3,101,709

  • 24e · All other expenses

    total -$4,514,035

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $190,753 · end of year $10,500

  • 4 · Accounts receivable

    beginning of year $4,454,954 · end of year $3,372,411

  • 8 · Inventories for sale or use

    beginning of year $3,323,047 · end of year $4,462,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $714,081 · end of year $606,251

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

    $113,887,958

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

    $48,173,263

  • 10c · Land, buildings and equipment, net

    beginning of year $63,685,514 · end of year $65,714,695

  • 12 · Investments: other securities

    beginning of year $3,367,923 · end of year $2,235,403

  • 13 · Investments: program-related

    beginning of year $5,892,003 · end of year $6,430,327

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,556,026 · end of year $5,925,738

  • 23 · Secured mortgages and notes payable

    beginning of year $31,264,575 · end of year $33,365,571

  • 24 · Unsecured notes and loans payable

    beginning of year $3,051,889 · end of year $1,336,195

  • 25 · Other liabilities

    beginning of year $4,867,839 · end of year $3,753,924

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

    beginning of year $11,625,840 · end of year $12,843,018

  • 31 · Retained earnings, endowment or other funds

    beginning of year $26,262,106 · end of year $25,607,141

Mission and programs · 2025

Mission

Missoula Electric Cooperative, Inc. strives to uphold a commitment to service excellence, while delivering safe, affordable and reliable electricty to its members.

  • The Cooperative provides electric service to approximately 13,872 in Montana (six counties) and Idaho (one county).

As filed on the 2025 return.

Listed in Part VII

  • Mark Hayden

    General Manager

    Total calculated
    $506,794
    From this org
    $364,241
    From related orgs
    $0
    Other
    $142,553
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $350,741
    Bonus
    not reported
    Other
    $13,500
    Deferred
    $118,779
    Nontaxable benefits
    $23,774
    Filer's total
    $506,794

  • Keelie Montalban

    Assistant GM & CRO

    Total calculated
    $281,480
    From this org
    $185,490
    From related orgs
    $0
    Other
    $95,990
    Hours/week
    34

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $162,954
    Bonus
    $10,000
    Other
    $12,536
    Deferred
    $68,246
    Nontaxable benefits
    $27,744
    Filer's total
    $281,480

  • Nicholas Labbe

    Director of Operations

    Total calculated
    $268,461
    From this org
    $180,653
    From related orgs
    $0
    Other
    $87,808
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $171,753
    Bonus
    $8,500
    Other
    $400
    Deferred
    $54,478
    Nontaxable benefits
    $33,330
    Filer's total
    $268,461

  • Sean Eskridge

    Safety & Compliance Manager

    Total calculated
    $247,731
    From this org
    $165,270
    From related orgs
    $0
    Other
    $82,461
    Hours/week
    0

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $155,540
    Bonus
    $9,500
    Other
    $230
    Deferred
    $49,131
    Nontaxable benefits
    $33,330
    Filer's total
    $247,731

  • Kevin Kuhn

    CTO

    Total calculated
    $238,770
    From this org
    $188,312
    From related orgs
    $0
    Other
    $50,458
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $178,312
    Bonus
    $10,000
    Other
    not reported
    Deferred
    $50,301
    Nontaxable benefits
    $157
    Filer's total
    $238,770

  • Mitch Dupree

    Foreman

    Total calculated
    $221,485
    From this org
    $166,528
    From related orgs
    $0
    Other
    $54,957
    Hours/week
    0

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $166,128
    Bonus
    not reported
    Other
    $400
    Deferred
    $35,497
    Nontaxable benefits
    $19,460
    Filer's total
    $221,485

  • Maxwell Bean

    Journeyman Lineman

    Total calculated
    $214,995
    From this org
    $164,583
    From related orgs
    $0
    Other
    $50,412
    Hours/week
    47

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $163,933
    Bonus
    not reported
    Other
    $650
    Deferred
    $30,952
    Nontaxable benefits
    $19,460
    Filer's total
    $214,995

  • Eric Nicoson

    Area Foreman

    Total calculated
    $213,277
    From this org
    $158,343
    From related orgs
    $0
    Other
    $54,934
    Hours/week
    45

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $157,941
    Bonus
    not reported
    Other
    $402
    Deferred
    $35,474
    Nontaxable benefits
    $19,460
    Filer's total
    $213,277

  • Roy Handley

    Vice President

    Total calculated
    $30,100
    From this org
    $27,600
    From related orgs
    $2,500
    Other
    $0
    Hours/week
    4 + 0.5 related

  • Barrie Lewis

    Trustee

    Total calculated
    $29,275
    From this org
    $26,275
    From related orgs
    $3,000
    Other
    $0
    Hours/week
    3 + 0.5 related

  • Dena Hooker

    President

    Total calculated
    $29,130
    From this org
    $29,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Candace Jerke

    Secretary-Treasurer

    Total calculated
    $27,870
    From this org
    $27,870
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Peter Simonich

    Trustee

    Total calculated
    $25,980
    From this org
    $25,980
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Guy Hanson

    Trustee

    Total calculated
    $25,960
    From this org
    $25,960
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Thomas Firth

    Trustee

    Total calculated
    $18,225
    From this org
    $18,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Tom Alsaker

    Total calculated
    $5,235
    From this org
    $5,235
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $5,235
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $5,235

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 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.

  • Energy Parnters LLC

    Sale of Propane and Propane Services · MT · 50% owned · share of income $1,584,260 · share of assets $9,843,283 · general or managing partner

    Directly controlled by MEC owns 50

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Missoula Electric Coop Educational

    Trust · Distribute funds for educational purposes · MT · 100% owned · share of income $3,725 · share of assets $261,683

Provenance

Return type
form_990
Tax year
2025
Filed
23 June 2026
IRS schema version
2025v4.1
Source object
202631749349300728

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