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Nonprofiteer
← MARIAS RIVER ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by MARIAS RIVER ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$7,768,073
Total expenses
$7,810,406
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,173,069
Investment income
$38,552
Other revenue
$556,452
Total assets, end of year
$21,285,494
Total liabilities, end of year
$10,337,839
Net assets or fund balances, end of year
$10,947,655
Program services expenses (Part IX)
$6,267,346
Management and general expenses
$1,543,060
Fundraising expenses
$0
Program service expenses (Part III)
$6,267,346

Program services were 80.2% 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: ELECTRICAL SERVICE CHA

    total $7,173,069 · related or exempt $7,173,069

  • 3 · Investment income

    total $38,552 · excluded $38,552

  • 11a · Other revenue: CAPITAL CREDITS

    total $532,720 · related or exempt $532,720

  • 11b · Other revenue: OTHER NONOPERATING INC

    total $23,732 · related or exempt $23,732

  • 11e · Other revenue, total

    $556,452

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $707,457 · program services $707,457

  • 5 · Compensation of officers, directors and key employees

    total $267,246 · management and general $267,246

  • 7 · Other salaries and wages

    total $139,481 · management and general $139,481

  • 9 · Other employee benefits

    total $15,004 · management and general $15,004

  • 13 · Office expenses

    total $45,643 · management and general $45,643

  • 17 · Travel

    total $20,697 · management and general $20,697

  • 19 · Conferences, conventions and meetings

    total $21,441 · management and general $21,441

  • 20 · Interest

    total $328,485 · management and general $328,485

  • 22 · Depreciation, depletion and amortization

    total $731,267 · program services $731,267

  • 23 · Insurance

    total $46,750 · management and general $46,750

  • 24a · Other expenses: COST OF POWER

    total $3,413,839 · program services $3,413,839

  • 24b · Other expenses: DISTRIBUTION - MAINTENA

    total $562,879 · program services $562,879

  • 24c · Other expenses: DISTRIBUTION - OPERATIO

    total $507,319 · program services $507,319

  • 24d · Other expenses: ADMINISTRATIVE AND GENE

    total $292,461 · management and general $292,461

  • 24e · All other expenses

    total $710,437 · program services $344,585 · management and general $365,852

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $178,306 · end of year $108,574

  • 2 · Savings and temporary cash investments

    beginning of year $351,748 · end of year $6,472

  • 4 · Accounts receivable

    beginning of year $1,026,405 · end of year $994,609

  • 8 · Inventories for sale or use

    beginning of year $765,556 · end of year $867,791

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,256 · end of year $32,153

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

    $27,282,486

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

    $12,032,188

  • 10c · Land, buildings and equipment, net

    beginning of year $14,096,253 · end of year $15,250,298

  • 15 · Other assets

    beginning of year $3,842,084 · end of year $4,025,597

  • 17 · Accounts payable and accrued expenses

    beginning of year $666,808 · end of year $513,738

  • 23 · Secured mortgages and notes payable

    beginning of year $8,254,300 · end of year $9,007,643

  • 25 · Other liabilities

    beginning of year $788,670 · end of year $816,458

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $4,159,648 · end of year $4,360,080

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,412,182 · end of year $6,587,575

Mission and programs · 2023

Mission

PROVIDE ELECTRICAL POWER TO RURAL NORTHERN MONTANA

  • PROVIDE ELECTRIC POWER SERVICE TO COOPERATIVE MEMBERS IN NORTHERN RURAL MONTANA

    Expenses $6,267,346 · Revenue $7,729,521

As filed on the 2023 return.

Listed in Part VII

  • Merle Raph

    PRESIDENT

    Total calculated
    $8,465
    From this org
    $8,465
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.24

  • Adrian Hawks

    VICE PRESIDENT

    Total calculated
    $3,714
    From this org
    $3,714
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.71

  • Joe Sisk

    SECRETARY/TREASURER

    Total calculated
    $5,447
    From this org
    $5,447
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.87

  • Mel Fretheim

    TRUSTEE

    Total calculated
    $5,660
    From this org
    $5,660
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.08

  • Terry Peters

    TRUSTEE

    Total calculated
    $2,629
    From this org
    $2,629
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.63

  • Dan Gliko

    TRUSTEE

    Total calculated
    $4,141
    From this org
    $4,141
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.54

  • Shannon Dunk

    TRUSTEE

    Total calculated
    $4,300
    From this org
    $4,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.35

  • Shannon McAllister

    TRUSTEE

    Total calculated
    $3,047
    From this org
    $3,047
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.86

  • Renae Manley

    TRUSTEE

    Total calculated
    $3,971
    From this org
    $3,971
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.7

  • Kris Ingenthron Thru June

    MANAGER

    Total calculated
    $163,418
    From this org
    $121,175
    From related orgs
    $0
    Other
    $42,243
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,175
    Bonus
    $0
    Other
    $20,000
    Deferred
    $23,991
    Nontaxable benefits
    $18,252
    Filer's total
    $163,418

  • Shane Clark Starting July

    MANAGER

    Total calculated
    $62,454
    From this org
    $56,005
    From related orgs
    $0
    Other
    $6,449
    Hours/week
    40

  • Ryan Austin

    OPERATIONS SUPERINTENDENT

    Total calculated
    $177,812
    From this org
    $113,257
    From related orgs
    $0
    Other
    $64,555
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,257
    Bonus
    $0
    Other
    $0
    Deferred
    $29,056
    Nontaxable benefits
    $35,499
    Filer's total
    $177,812

  • Shirley Kronebusch

    OFFICE MANAGER

    Total calculated
    $174,032
    From this org
    $122,020
    From related orgs
    $0
    Other
    $52,012
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,020
    Bonus
    $0
    Other
    $0
    Deferred
    $31,333
    Nontaxable benefits
    $20,679
    Filer's total
    $174,032

  • Justin Nelson

    FOREMAN

    Total calculated
    $149,553
    From this org
    $112,903
    From related orgs
    $0
    Other
    $36,650
    Hours/week
    40

  • Cory Lamb

    SUB-FOREMAN

    Total calculated
    $137,904
    From this org
    $103,156
    From related orgs
    $0
    Other
    $34,748
    Hours/week
    40

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

  • 3 · Form 990 of other organizations
  • 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.

Provenance

Return type
form_990
Tax year
2023
Filed
5 May 2024
IRS schema version
2023v5.0
Source object
202421309349304872

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