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Nonprofiteer
← RIVERLAND ENERGY COOPERATIVE

Form 990 for tax year 2025

Filed by RIVERLAND ENERGY COOPERATIVE.

Totals

Total revenue
$49,460,224
Total expenses
$48,333,601
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$46,772,309
Investment income
$2,123,394
Other revenue
$564,521
Total assets, end of year
$139,146,343
Total liabilities, end of year
$81,021,282
Net assets or fund balances, end of year
$58,125,061
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: PROGRAM SERVICE REVENUE

    total $46,772,309 · related or exempt $46,772,309

  • 3 · Investment income

    total $1,627,168 · related or exempt $1,627,168

  • 6a · Gross rents

    real property $32,218

  • 6c · Rental income or loss

    real property $32,218

  • 6d · Net rental income or loss

    total $32,218 · excluded $32,218

  • 7a · Gross sales of assets other than inventory

    other assets $496,226

  • 7c · Gain or loss

    other assets $496,226

  • 7d · Net gain or loss

    total $496,226 · related or exempt $496,226

  • 11a · Other revenue: OTHER

    total $532,303 · excluded $532,303

  • 11e · Other revenue, total

    $532,303

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,180,565

  • 5 · Compensation of officers, directors and key employees

    total $605,038

  • 7 · Other salaries and wages

    total $998,747

  • 20 · Interest

    total $3,199,660

  • 24a · Other expenses: COST OF PROVIDING SERVICE

    total $26,458,608

  • 24b · Other expenses: OPERATIONS & MAINTENANCE

    total $5,861,379

  • 24c · Other expenses: DEPRECIATION AND AMORTIZA

    total $5,456,130

  • 24d · Other expenses: CONSUMER, ADMIN, & GENERA

    total $1,910,523

  • 24e · All other expenses

    total $662,951

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,472,170 · end of year $2,659,054

  • 4 · Accounts receivable

    beginning of year $4,980,278 · end of year $5,635,440

  • 8 · Inventories for sale or use

    beginning of year $2,212,540 · end of year $1,343,709

  • 9 · Prepaid expenses and deferred charges

    beginning of year $112,434 · end of year $126,283

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

    $169,155,259

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

    $64,317,959

  • 10c · Land, buildings and equipment, net

    beginning of year $101,112,483 · end of year $104,837,300

  • 13 · Investments: program-related

    beginning of year $23,266,859 · end of year $24,066,868

  • 15 · Other assets

    beginning of year $584,103 · end of year $477,689

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,356,253 · end of year $4,630,167

  • 23 · Secured mortgages and notes payable

    beginning of year $73,867,551 · end of year $74,613,986

  • 25 · Other liabilities

    beginning of year $159,464 · end of year $1,777,129

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

    beginning of year $55,357,599 · end of year $58,125,061

Mission and programs · 2025

Mission

TO PROVIDE COOPERATIVE MEMBERS WITH ELECTRICITY.

  • TO PROVIDE COOPERATIVE MEMBERS WITH ELECTRICITY.

As filed on the 2025 return.

Listed in Part VII

  • Timothy Holtan

    CEO

    Total calculated
    $468,463
    From this org
    $233,925
    From related orgs
    $0
    Other
    $234,538
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,925
    Bonus
    not reported
    Other
    not reported
    Deferred
    $206,819
    Nontaxable benefits
    $27,719
    Filer's total
    $468,463

  • Scott Hayes

    DIR. OF ENER

    Total calculated
    $240,656
    From this org
    $157,928
    From related orgs
    $0
    Other
    $82,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,928
    Bonus
    not reported
    Other
    not reported
    Deferred
    $55,593
    Nontaxable benefits
    $27,135
    Filer's total
    $240,656

  • Rob Sosalla

    DIR. OF OPER

    Total calculated
    $204,715
    From this org
    $148,534
    From related orgs
    $0
    Other
    $56,181
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,534
    Bonus
    not reported
    Other
    not reported
    Deferred
    $42,291
    Nontaxable benefits
    $13,890
    Filer's total
    $204,715

  • Dale Kircher

    LINEMAN

    Total calculated
    $198,556
    From this org
    $135,088
    From related orgs
    $0
    Other
    $63,468
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $135,088
    Bonus
    not reported
    Other
    not reported
    Deferred
    $49,547
    Nontaxable benefits
    $13,921
    Filer's total
    $198,556

  • Ryan Stalsberg

    LINEMAN

    Total calculated
    $177,968
    From this org
    $142,637
    From related orgs
    $0
    Other
    $35,331
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $142,637
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,102
    Nontaxable benefits
    $27,229
    Filer's total
    $177,968

  • Brett Palmer

    LINEMAN

    Total calculated
    $176,850
    From this org
    $134,934
    From related orgs
    $0
    Other
    $41,916
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $134,934
    Bonus
    not reported
    Other
    not reported
    Deferred
    $14,687
    Nontaxable benefits
    $27,229
    Filer's total
    $176,850

  • Bernadine Zingsheim

    BOARD PRESID

    Total calculated
    $19,275
    From this org
    $19,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Dennis Frame

    BOARD SECRET

    Total calculated
    $19,075
    From this org
    $19,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Steven Hogden

    DIRECTOR

    Total calculated
    $17,275
    From this org
    $17,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Dan Filla

    BOARD VICE P

    Total calculated
    $16,875
    From this org
    $16,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Cletus Foegen

    DIRECTOR

    Total calculated
    $16,400
    From this org
    $16,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Bradley Schmidtknect

    DIRECTOR

    Total calculated
    $14,075
    From this org
    $14,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Bryce Lisowski

    DIRECTOR

    Total calculated
    $13,800
    From this org
    $13,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Susan Paudler

    DIRECTOR

    Total calculated
    $13,800
    From this org
    $13,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Gary Dvoracek

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

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
2025
Filed
7 May 2026
IRS schema version
2025v4.0
Source object
202611279349302896

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