Skip to content
Nonprofiteer
← VIGILANTE ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by VIGILANTE ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$18,429,879
Total expenses
$16,332,699
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,986,643
Investment income
$507,026
Other revenue
$2,936,210
Total assets, end of year
$52,118,737
Total liabilities, end of year
$26,718,543
Net assets or fund balances, end of year
$25,400,194
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: ELECTRICAL REVENUES

    total $14,986,643 · related or exempt $14,986,643

  • 3 · Investment income

    total $507,026 · related or exempt $507,026

  • 6a · Gross rents

    personal property $16,467

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $16,467

  • 6d · Net rental income or loss

    total $16,467 · excluded $16,467

  • 11a · Other revenue: EQUITY INCOME - LLC

    total $2,776,427 · unrelated business $2,776,427

  • 11b · Other revenue: PATRONAGE CAPITAL INCOME

    total $61,871 · related or exempt $61,871

  • 11c · Other revenue: TRANSMISSION WHEELING

    total $51,342 · related or exempt $51,342

  • 11d · All other revenue

    total $30,103 · related or exempt $30,103

  • 11e · Other revenue, total

    $2,919,743

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $729,348

  • 5 · Compensation of officers, directors and key employees

    total $757,358

  • 7 · Other salaries and wages

    total $72,744

  • 9 · Other employee benefits

    total $14,720

  • 11b · Fees: legal

    total $2,738

  • 11c · Fees: accounting

    total $9,984

  • 11d · Fees: lobbying

    total $1,950

  • 11g · Fees: other

    total $58,208

  • 12 · Advertising and promotion

    total $6,889

  • 13 · Office expenses

    total $53,031

  • 14 · Information technology

    total $72,676

  • 19 · Conferences, conventions and meetings

    total $30,657

  • 20 · Interest

    total $655,998

  • 22 · Depreciation, depletion and amortization

    total $1,762,576

  • 23 · Insurance

    total $17,140

  • 24a · Other expenses: INCOME TAXES- MONTANA E

    total $1,023,822

  • 24b · Other expenses: PURCHASED POWER

    total $6,802,009

  • 24c · Other expenses: DISTRIBUTION OPERATIONS

    total $1,821,885

  • 24d · Other expenses: DISTRIBUTION MAINTENANC

    total $1,325,208

  • 24e · All other expenses

    total $1,113,758

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $297,612 · end of year $732,760

  • 2 · Savings and temporary cash investments

    beginning of year $10,800,110 · end of year $8,602,025

  • 4 · Accounts receivable

    beginning of year $1,394,867 · end of year $1,518,080

  • 8 · Inventories for sale or use

    beginning of year $2,660,710 · end of year $3,713,806

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,313 · end of year $19,790

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

    $64,809,508

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

    $30,869,852

  • 10c · Land, buildings and equipment, net

    beginning of year $32,759,077 · end of year $33,939,656

  • 12 · Investments: other securities

    beginning of year $1,611,048 · end of year $1,911,048

  • 13 · Investments: program-related

    beginning of year $1,000,391 · end of year $1,021,236

  • 15 · Other assets

    beginning of year $250,183 · end of year $660,336

  • 17 · Accounts payable and accrued expenses

    beginning of year $792,249 · end of year $828,881

  • 23 · Secured mortgages and notes payable

    beginning of year $24,544,838 · end of year $23,456,344

  • 25 · Other liabilities

    beginning of year $2,135,210 · end of year $2,433,318

  • 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 $11,403,184 · end of year $12,436,665

  • 31 · Retained earnings, endowment or other funds

    beginning of year $11,899,830 · end of year $12,963,529

Mission and programs · 2023

Mission

RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN THE SOUTHWESTERN PORTION OF MONTANA.

Activities or mission (Part I)

TO PROVIDE ELECTRICAL SERVICES AND UTILITIES TO APPROXIMATELY 6,686 MEMBERS AND PATRONS LOCATED IN THE SOUTHWESTERN PORTION OF MONTANA.

  • THE COOPERATIVE ACTIVITES ARE DIRECTLY RELATED TO THE TRANSMISSION AND DISTRIBUTION OF ELECTRICAL SERVICES AND UTILITIES TO APPROXIMATELY 6,686 MEMBERS AND PATRONS LOCATED IN SOUTHWESTERN MONTANA

As filed on the 2023 return.

Listed in Part VII

  • Allen Martinell

    DIRECTOR

    Total calculated
    $21,259
    From this org
    $21,259
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.08 + 1.4 related

  • Andy Johnson

    PRESIDENT

    Total calculated
    $33,814
    From this org
    $33,814
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.38 + 0.37 related

  • Colt High

    DIRECTOR

    Total calculated
    $19,333
    From this org
    $19,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.06 + 0.12 related

  • Tom Helm

    DIRECTOR

    Total calculated
    $7,985
    From this org
    $7,985
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.83 + 0.06 related

  • Norman E Tebay

    SECRETARY-TREASURER

    Total calculated
    $19,162
    From this org
    $19,162
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.67 + 1.79 related

  • Dean Hanson

    DIRECTOR

    Total calculated
    $33,564
    From this org
    $33,564
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.13 + 0.17 related

  • Dean Peterson

    DIRECTOR

    Total calculated
    $35,582
    From this org
    $35,582
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.9 + 2.58 related

  • Cheyenne Garrison

    DIRECTOR

    Total calculated
    $33,134
    From this org
    $33,134
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.04 + 0.63 related

  • John J Moos

    DIRECTOR

    Total calculated
    $18,281
    From this org
    $18,281
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9 + 0.25 related

  • Tom Mitchell

    VICE PRESIDENT

    Total calculated
    $33,064
    From this org
    $33,064
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.67 + 0.19 related

  • Rollie Miller

    GENERAL MANAGER

    Total calculated
    $319,529
    From this org
    $232,005
    From related orgs
    $0
    Other
    $87,524
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,005
    Bonus
    $0
    Other
    $0
    Deferred
    $61,293
    Nontaxable benefits
    $26,231
    Filer's total
    $319,529

  • Raquel Reno-Morast

    OFFICE MANAGER

    Total calculated
    $182,651
    From this org
    $120,866
    From related orgs
    $0
    Other
    $61,785
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,866
    Bonus
    $0
    Other
    $0
    Deferred
    $35,554
    Nontaxable benefits
    $26,231
    Filer's total
    $182,651

  • Gary Ferris

    MANAGER OF ENGINEERING

    Total calculated
    $178,538
    From this org
    $133,300
    From related orgs
    $0
    Other
    $45,238
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,300
    Bonus
    $0
    Other
    $0
    Deferred
    $31,951
    Nontaxable benefits
    $13,287
    Filer's total
    $178,538

  • Charles A Romerio

    LINEMAN

    Total calculated
    $166,314
    From this org
    $124,144
    From related orgs
    $0
    Other
    $42,170
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,144
    Bonus
    $0
    Other
    $0
    Deferred
    $26,489
    Nontaxable benefits
    $15,681
    Filer's total
    $166,314

  • Charles D Wharton

    LINEMAN

    Total calculated
    $155,519
    From this org
    $114,330
    From related orgs
    $0
    Other
    $41,189
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,330
    Bonus
    $0
    Other
    $0
    Deferred
    $25,526
    Nontaxable benefits
    $15,663
    Filer's total
    $155,519

  • Justin H Bair

    LINE SUPERINTENDENT

    Total calculated
    $200,636
    From this org
    $132,921
    From related orgs
    $0
    Other
    $67,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,921
    Bonus
    $0
    Other
    $0
    Deferred
    $38,530
    Nontaxable benefits
    $29,185
    Filer's total
    $200,636

  • Clinton J Begger

    LINEMAN

    Total calculated
    $158,450
    From this org
    $117,143
    From related orgs
    $0
    Other
    $41,307
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,143
    Bonus
    $0
    Other
    $0
    Deferred
    $25,670
    Nontaxable benefits
    $15,637
    Filer's total
    $158,450

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

  • 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.

  • MONTANA ENERGY ALLIANCE LLC

    PROPANE SALES · SALE OF PROPANE AND PROPANE SERVICES · MT · 50% owned · general or managing partner

    Directly controlled by VIGILANTE ELECTRIC COOPERATIVE INC OWNS 50

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2024
IRS schema version
2023v5.0
Source object
202421349349303332

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.