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Nonprofiteer
← FALL RIVER RURAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by FALL RIVER RURAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$43,745,507
Total expenses
$41,165,741
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$42,657,772
Investment income
$783,814
Other revenue
$303,921
Total assets, end of year
$136,650,414
Total liabilities, end of year
$64,208,235
Net assets or fund balances, end of year
$72,442,179
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: ELECTRICITY SALES

    total $42,657,772 · related or exempt $42,657,772

  • 3 · Investment income

    total $713,868 · related or exempt $247,448 · excluded $466,420

  • 6a · Gross rents

    real property $355,586

  • 6b · Less rental expenses

    real property $62,868

  • 6c · Rental income or loss

    real property $292,718

  • 6d · Net rental income or loss

    total $292,718 · related or exempt $100,674 · excluded $192,044

  • 7a · Gross sales of assets other than inventory

    other assets $93,690

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

    other assets $23,744

  • 7c · Gain or loss

    other assets $69,946

  • 7d · Net gain or loss

    total $69,946 · related or exempt $69,946

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER NON-OPERATING

    total $1,573 · related or exempt $1,573

  • 11b · Other revenue: Idle services

    total $9,630 · related or exempt $9,630

  • 11e · Other revenue, total

    $11,203

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,999,128

  • 5 · Compensation of officers, directors and key employees

    total $922,322

  • 7 · Other salaries and wages

    total $6,402,153

  • 8 · Pension plan contributions

    total $1,524,422

  • 9 · Other employee benefits

    total $1,323,258

  • 10 · Payroll taxes

    total $496,475

  • 11b · Fees: legal

    total $42,196

  • 11c · Fees: accounting

    total $19,566

  • 13 · Office expenses

    total $498,105

  • 16 · Occupancy

    total $423,797

  • 19 · Conferences, conventions and meetings

    total $434,680

  • 20 · Interest

    total $2,031,389

  • 22 · Depreciation, depletion and amortization

    total $4,702,165

  • 24a · Other expenses: PURCHASE POWER

    total $17,522,291 · program services $17,522,291

  • 24b · Other expenses: ADMIN & GENERAL EXPENSE

    total $2,640,906 · program services $2,640,906

  • 24c · Other expenses: DISTRIBUTION - OPERATIONS

    total $1,703,833 · program services $1,703,833

  • 24d · Other expenses: DISTRIBUTION - MAINTENANCE

    total $5,062,814 · program services $5,062,814

  • 24e · All other expenses

    total -$6,583,759

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $557,522 · end of year $2,052,415

  • 2 · Savings and temporary cash investments

    beginning of year $1,000,000

  • 4 · Accounts receivable

    beginning of year $5,319,022 · end of year $5,662,607

  • 7 · Other notes and loans receivable

    beginning of year $5,639,287 · end of year $4,935,218

  • 8 · Inventories for sale or use

    beginning of year $1,850,338 · end of year $1,918,296

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,496,135 · end of year $4,653,338

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

    $181,862,326

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

    $74,963,916

  • 10c · Land, buildings and equipment, net

    beginning of year $104,814,818 · end of year $106,898,410

  • 13 · Investments: program-related

    beginning of year $5,921,021 · end of year $5,975,375

  • 15 · Other assets

    beginning of year $4,338,117 · end of year $4,554,755

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,463,180 · end of year $5,025,209

  • 23 · Secured mortgages and notes payable

    beginning of year $54,575,718 · end of year $53,637,892

  • 24 · Unsecured notes and loans payable

    end of year $1,000,000

  • 25 · Other liabilities

    beginning of year $3,498,024 · end of year $4,545,134

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,290,732 · end of year $2,537,169

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

    beginning of year $67,108,606 · end of year $69,905,010

Mission and programs · 2025

Mission

PROVIDE ELECTRIC SERVICE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

  • THE COMPANY CONSTRUCTS AND MAINTAINS ELECTRICAL DISTRIBUTION AND TRANSMISSION LINES AND GENERATION FACILITIES TO DELIVER ELECTRIC POWER TO INDIVIDUALS AND BUSINESSES WITHIN THE COMPANYS SERVICE AREA.

As filed on the 2025 return.

Listed in Part VII

  • Bryan Case

    GENERAL MANAGER

    Total calculated
    $455,459
    From this org
    $293,464
    From related orgs
    $0
    Other
    $161,995
    Hours/week
    54.41

    Schedule J breakdown matched by us

    Base
    $293,464
    Bonus
    not reported
    Other
    not reported
    Deferred
    $137,300
    Nontaxable benefits
    $24,695
    Filer's total
    $455,459

  • Shannon Hill

    MANAGER OF IT SERVICES

    Total calculated
    $328,566
    From this org
    $195,566
    From related orgs
    $0
    Other
    $133,000
    Hours/week
    48.38

    Schedule J breakdown matched by us

    Base
    $195,566
    Bonus
    not reported
    Other
    not reported
    Deferred
    $102,339
    Nontaxable benefits
    $30,661
    Filer's total
    $328,566

  • David Peterson

    MANAGER OF ENGINEERING

    Total calculated
    $327,332
    From this org
    $228,056
    From related orgs
    $0
    Other
    $99,276
    Hours/week
    41.44

    Schedule J breakdown matched by us

    Base
    $228,056
    Bonus
    not reported
    Other
    not reported
    Deferred
    $75,256
    Nontaxable benefits
    $24,020
    Filer's total
    $327,332

  • Linden Barney

    CFO

    Total calculated
    $312,362
    From this org
    $203,828
    From related orgs
    $0
    Other
    $108,534
    Hours/week
    40.68

    Schedule J breakdown matched by us

    Base
    $203,828
    Bonus
    not reported
    Other
    not reported
    Deferred
    $77,638
    Nontaxable benefits
    $30,896
    Filer's total
    $312,362

  • Clinton Washburn

    MEMBER SERVICE MANAGER

    Total calculated
    $232,229
    From this org
    $173,202
    From related orgs
    $0
    Other
    $59,027
    Hours/week
    47.63

    Schedule J breakdown matched by us

    Base
    $173,202
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,721
    Nontaxable benefits
    $29,306
    Filer's total
    $232,229

  • Thomas Atchley

    LINE FOREMAN

    Total calculated
    $210,455
    From this org
    $166,962
    From related orgs
    $0
    Other
    $43,493
    Hours/week
    44.22

    Schedule J breakdown matched by us

    Base
    $166,962
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,459
    Nontaxable benefits
    $37,034
    Filer's total
    $210,455

  • Trevor Ostberg

    LINEMAN

    Total calculated
    $203,748
    From this org
    $167,525
    From related orgs
    $0
    Other
    $36,223
    Hours/week
    45.43

    Schedule J breakdown matched by us

    Base
    $167,525
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,459
    Nontaxable benefits
    $29,764
    Filer's total
    $203,748

  • Jodi Stiehl

    SECRETARY-TREASURER

    Total calculated
    $23,650
    From this org
    $23,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    16.63

  • Georg Behrens

    PRESIDENT

    Total calculated
    $21,550
    From this org
    $21,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    15.12

  • Doug Schmier

    DIRECTOR

    Total calculated
    $21,300
    From this org
    $21,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.75

  • Dede Draper

    DIRECTOR

    Total calculated
    $16,300
    From this org
    $16,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.13

  • Brent Crowther

    VICE PRESIDENT

    Total calculated
    $16,250
    From this org
    $16,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.58

  • Anna Lindstedt

    DIRECTOR

    Total calculated
    $14,300
    From this org
    $14,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Travis Markegard

    DIRECTOR

    Total calculated
    $14,100
    From this org
    $14,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.4

  • Jeff Keay

    DIRECTOR

    Total calculated
    $13,950
    From this org
    $13,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.21

  • Brent Robson

    DIRECTOR

    Total calculated
    $13,100
    From this org
    $13,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.15

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 · Written employment contract
  • 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • FALL RIVER ENTERPRISES INC

    C Corp · SALES OF PROPANE · ID · 100% owned · share of income $216,638 · share of assets $12,708,965 · controlled entity

    Directly controlled by FALL RIVER RURAL ELECTRIC

Provenance

Return type
form_990
Tax year
2025
Filed
17 June 2026
IRS schema version
2025v4.2
Source object
202601849349300205

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