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Nonprofiteer
← BEARTOOTH ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by BEARTOOTH ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$9,994,508
Total expenses
$9,801,777
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$9,921,926
Investment income
$12,263
Other revenue
$60,319
Total assets, end of year
$22,014,049
Total liabilities, end of year
$11,661,110
Net assets or fund balances, end of year
$10,352,939
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: UTILITIES & SERVICE

    total $9,921,926 · related or exempt $9,921,926

  • 3 · Investment income

    total $12,263 · related or exempt $12,263

  • 6a · Gross rents

    personal property $12,031

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $12,031

  • 6d · Net rental income or loss

    total $12,031 · excluded $12,031

  • 11a · Other revenue: PATRONAGE CAPITAL ALLO

    total $40,417 · related or exempt $40,417

  • 11b · Other revenue: JOBBING- MERCHANDISING

    total $7,871 · related or exempt $7,871

  • 11e · Other revenue, total

    $48,288

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $498,642

  • 5 · Compensation of officers, directors and key employees

    total $432,274

  • 7 · Other salaries and wages

    total $122,649

  • 9 · Other employee benefits

    total $34,739

  • 11b · Fees: legal

    total $53,885

  • 11c · Fees: accounting

    total $13,200

  • 11d · Fees: lobbying

    total $1,177

  • 11g · Fees: other

    total $21,742

  • 13 · Office expenses

    total $75,412

  • 19 · Conferences, conventions and meetings

    total $20,288

  • 20 · Interest

    total $416,599

  • 22 · Depreciation, depletion and amortization

    total $1,211,788

  • 23 · Insurance

    total $22,901

  • 24a · Other expenses: COST OF POWER

    total $3,760,260

  • 24b · Other expenses: DISTRIBUTIONS OPERATION

    total $1,105,867

  • 24c · Other expenses: DISTRIBUTION MAINTENANC

    total $895,037

  • 24d · Other expenses: CONSUMER ACCOUNTS EXPEN

    total $417,912

  • 24e · All other expenses

    total $697,405

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $366,111 · end of year $461,195

  • 2 · Savings and temporary cash investments

    beginning of year $202,758 · end of year $525,476

  • 4 · Accounts receivable

    beginning of year $925,164 · end of year $985,628

  • 8 · Inventories for sale or use

    beginning of year $1,351,728 · end of year $993,464

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,590 · end of year $232,109

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

    $38,601,989

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

    $21,204,616

  • 10c · Land, buildings and equipment, net

    beginning of year $16,870,212 · end of year $17,397,373

  • 13 · Investments: program-related

    beginning of year $767,412 · end of year $1,273,525

  • 15 · Other assets

    beginning of year $549,969 · end of year $145,279

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,566,739 · end of year $1,780,518

  • 23 · Secured mortgages and notes payable

    beginning of year $9,271,978 · end of year $9,088,003

  • 25 · Other liabilities

    beginning of year $78,019 · end of year $792,589

  • 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 $337,025 · end of year $356,396

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,823,183 · end of year $9,996,543

Mission and programs · 2024

Mission

RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN SOUTH CENTRAL MONTANA AND NORTHERN WYOMING.

Activities or mission (Part I)

BEARTOOTH ELECTRIC COOPERATIVE, INC. OPERATES AS A RURAL ELECTRIC UTILITY ON A NON PROFIT BASIS BY PROVIDING ELECTRICAL POWER AND UTILITY SERVICES TO ITS MEMBERS AND PATRONS LOCATED IN CENTRAL PORTION OF MONTANA AND NORTHERN WYOMING. THE COOPERATIVE IS EXEMPT UNDER SECTION 501 (C) (12).

  • RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES TO 5,133 PATRONS AND MEMBERS LOCATED IN CENTRAL MONTANA AND NORTHERN WYOMING.

As filed on the 2024 return.

Listed in Part VII

  • Arleen Boyd

    DIRECTOR

    Total calculated
    $4,375
    From this org
    $4,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.42

  • Roxie Melton

    SECRETARY TREASURER

    Total calculated
    $12,500
    From this org
    $12,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Daniel Dutton

    DIRECTOR

    Total calculated
    $3,375
    From this org
    $3,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.04

  • Ralph Lewis

    DIRECTOR

    Total calculated
    $4,750
    From this org
    $4,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.67

  • Daniel Yates

    DIRECTOR

    Total calculated
    $5,250
    From this org
    $5,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.38

  • William Pascoe

    VICE PRESIDENT

    Total calculated
    $6,500
    From this org
    $6,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.73

  • Jim Neu

    PRESIDENT

    Total calculated
    $8,375
    From this org
    $8,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.73

  • Mike Specht

    DIRECTOR

    Total calculated
    $1,625
    From this org
    $1,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.92

  • Patrick Patterson

    GENERAL MANAGER

    Total calculated
    $247,036
    From this org
    $192,640
    From related orgs
    $0
    Other
    $54,396
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,640
    Bonus
    $0
    Other
    $0
    Deferred
    $30,327
    Nontaxable benefits
    $24,069
    Filer's total
    $247,036

  • Sarah Graves

    ACCOUNTANT

    Total calculated
    $138,488
    From this org
    $108,564
    From related orgs
    $0
    Other
    $29,924
    Hours/week
    40

  • James Avent

    LINEMAN

    Total calculated
    $195,575
    From this org
    $127,919
    From related orgs
    $0
    Other
    $67,656
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,919
    Bonus
    $0
    Other
    $0
    Deferred
    $46,781
    Nontaxable benefits
    $20,875
    Filer's total
    $195,575

  • James C Pihl

    LINEMAN

    Total calculated
    $160,851
    From this org
    $124,581
    From related orgs
    $0
    Other
    $36,270
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,581
    Bonus
    $0
    Other
    $0
    Deferred
    $15,372
    Nontaxable benefits
    $20,898
    Filer's total
    $160,851

  • Guy Behrent

    LINEMAN

    Total calculated
    $207,649
    From this org
    $138,135
    From related orgs
    $0
    Other
    $69,514
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,135
    Bonus
    $0
    Other
    $0
    Deferred
    $48,593
    Nontaxable benefits
    $20,921
    Filer's total
    $207,649

  • Tyler Gronbeck

    LINEMAN

    Total calculated
    $167,466
    From this org
    $131,995
    From related orgs
    $0
    Other
    $35,471
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,995
    Bonus
    $0
    Other
    $0
    Deferred
    $14,631
    Nontaxable benefits
    $20,840
    Filer's total
    $167,466

  • Samuel Walkowiak

    LINEMAN

    Total calculated
    $198,320
    From this org
    $128,806
    From related orgs
    $0
    Other
    $69,514
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,806
    Bonus
    $0
    Other
    $0
    Deferred
    $48,593
    Nontaxable benefits
    $20,921
    Filer's total
    $198,320

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.

Provenance

Return type
form_990
Tax year
2024
Filed
9 May 2025
IRS schema version
2024v5.1
Source object
202511359349313021

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