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Nonprofiteer
← POUDRE VALLEY RURAL ELECTRIC ASSOCIATION INC

Form 990 for tax year 2023

Filed by POUDRE VALLEY RURAL ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$144,834,186
Total expenses
$143,630,718
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$144,502,909
Investment income
$331,277
Other revenue
$0
Total assets, end of year
$319,164,671
Total liabilities, end of year
$181,737,152
Net assets or fund balances, end of year
$137,427,519
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 ELECTRICITY

    total $141,321,252 · related or exempt $141,321,252

  • 2b · Program service revenue: CAPITAL CREDITS

    total $2,321,011 · related or exempt $2,321,011

  • 2c · Program service revenue: LATE FEES

    total $316,540 · related or exempt $316,540

  • 2d · Program service revenue: CONNECTIONS REVENUE

    total $276,740 · related or exempt $276,740

  • 2e · Program service revenue: POLE RENTAL REVENUE

    total $210,442 · related or exempt $210,442

  • 2f · All other program service revenue

    total $56,924 · related or exempt $56,924

  • 3 · Investment income

    total $280,383 · excluded $280,383

  • 7a · Gross sales of assets other than inventory

    other assets $50,894

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

    other assets $0

  • 7c · Gain or loss

    other assets $50,894

  • 7d · Net gain or loss

    total $50,894 · excluded $50,894

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,234,404

  • 5 · Compensation of officers, directors and key employees

    total $1,181,692

  • 7 · Other salaries and wages

    total $9,601,019

  • 12 · Advertising and promotion

    total $190,043

  • 20 · Interest

    total $3,785,645

  • 22 · Depreciation, depletion and amortization

    total $8,301,780

  • 24a · Other expenses: PURCHASED POWER

    total $108,063,209

  • 24b · Other expenses: OPERATIONS

    total $3,320,650

  • 24c · Other expenses: ADMIN GENREAL

    total $2,407,486

  • 24d · Other expenses: CUSTOMER ACCTS, CUSTOME

    total $2,318,672

  • 24e · All other expenses

    total $2,226,118

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,308,079 · end of year $2,631,256

  • 4 · Accounts receivable

    beginning of year $14,150,333 · end of year $13,873,228

  • 8 · Inventories for sale or use

    beginning of year $3,508,029 · end of year $4,138,211

  • 9 · Prepaid expenses and deferred charges

    beginning of year $726,549 · end of year $499,309

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

    $281,246,561

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

    $76,529,305

  • 10c · Land, buildings and equipment, net

    beginning of year $189,776,146 · end of year $204,717,256

  • 13 · Investments: program-related

    beginning of year $94,160,933 · end of year $92,709,041

  • 15 · Other assets

    beginning of year $903,066 · end of year $596,370

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,662,363 · end of year $17,542,085

  • 23 · Secured mortgages and notes payable

    beginning of year $127,848,100 · end of year $130,565,242

  • 25 · Other liabilities

    beginning of year $23,825,310 · end of year $33,629,825

  • 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 $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $136,197,362 · end of year $137,427,519

Mission and programs · 2023

Mission

WE ARE COMMITTED TO PROVIDING SAFE, RELIABLE, EFFICIENT ENERGY SOLUTIONS WITH EXCEPTIONAL SERVICE TO OUR MEMBERS.

Activities or mission (Part I)

COMMITTED TO PROVIDING SAFE, RELIABLE, EFFICIENT ENERGY SOLUTIONS TO OUR MEMBERS.

  • SOLD ELECTRICITY TO RURAL MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • Steve Anderson

    DIRECTOR, CHAIR

    Total calculated
    $24,400
    From this org
    $24,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jack Schneider

    DIRECTOR, VICE CHAIR

    Total calculated
    $28,000
    From this org
    $28,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Peter Hyland

    DIRECTOR, SECRETARY

    Total calculated
    $26,000
    From this org
    $26,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jan Peterson

    DIRECTOR

    Total calculated
    $29,200
    From this org
    $29,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Bryan Ehrlich

    DIRECTOR

    Total calculated
    $28,800
    From this org
    $28,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Thaine Michie

    DIRECTOR

    Total calculated
    $23,600
    From this org
    $23,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Rick Johnson

    DIRECTOR

    Total calculated
    $23,200
    From this org
    $23,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Ronald Sutherland

    DIRECTOR

    Total calculated
    $20,800
    From this org
    $20,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Sheryl Dryer Henderson

    DIRECTOR

    Total calculated
    $22,400
    From this org
    $22,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jeffrey Wadsworth

    PRESIDENT & CEO

    Total calculated
    $665,518
    From this org
    $533,968
    From related orgs
    $0
    Other
    $131,550
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $465,018
    Bonus
    $40,000
    Other
    $28,950
    Deferred
    $97,444
    Nontaxable benefits
    $34,106
    Filer's total
    $665,518

  • Amy Mahon

    CFO

    Total calculated
    $289,774
    From this org
    $214,857
    From related orgs
    $0
    Other
    $74,917
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $199,014
    Bonus
    $10,702
    Other
    $5,141
    Deferred
    $40,064
    Nontaxable benefits
    $34,853
    Filer's total
    $289,774

  • Joshua Noel

    TECHNOLOGY & ENERGY RESOURCES

    Total calculated
    $317,679
    From this org
    $238,234
    From related orgs
    $0
    Other
    $79,445
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $219,091
    Bonus
    $10,702
    Other
    $8,441
    Deferred
    $45,128
    Nontaxable benefits
    $34,317
    Filer's total
    $317,679

  • John Bowerfind

    EXECUTIVE VP/ENGINEERING & GRID ADVANCEMENT

    Total calculated
    $384,665
    From this org
    $276,733
    From related orgs
    $0
    Other
    $107,932
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $242,138
    Bonus
    $15,702
    Other
    $18,893
    Deferred
    $72,597
    Nontaxable benefits
    $35,335
    Filer's total
    $384,665

  • Amy Tahhan

    MEMBER AND GOVERNMENT

    Total calculated
    $318,512
    From this org
    $221,174
    From related orgs
    $0
    Other
    $97,338
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $196,925
    Bonus
    $10,702
    Other
    $13,547
    Deferred
    $58,231
    Nontaxable benefits
    $39,107
    Filer's total
    $318,512

  • Benjamin Ludington

    SAFETY/HUMAN RESOURCE

    Total calculated
    $319,624
    From this org
    $224,745
    From related orgs
    $0
    Other
    $94,879
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $200,015
    Bonus
    $10,702
    Other
    $14,028
    Deferred
    $57,835
    Nontaxable benefits
    $37,044
    Filer's total
    $319,624

  • Troy Richter

    ENGINEERING DIRECTOR

    Total calculated
    $255,008
    From this org
    $179,683
    From related orgs
    $0
    Other
    $75,325
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $170,074
    Bonus
    $5,694
    Other
    $3,915
    Deferred
    $37,828
    Nontaxable benefits
    $37,497
    Filer's total
    $255,008

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 · Independent compensation consultant
  • 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.

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.

  • POUDRE VALLEY ASSOCIATED SERVICES INC

    C · SOLAR FARM · CO · 100% owned · share of income $206,114 · share of assets $1,199,047 · controlled entity

    Directly controlled by POUDRE VALLEY REA INC

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443189349310934

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