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Nonprofiteer
← OAKDALE ELECTRIC COOPERATIVE

Form 990 for tax year 2024

Filed by OAKDALE ELECTRIC COOPERATIVE.

Totals

Total revenue
$48,309,290
Total expenses
$48,309,290
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$48,237,792
Investment income
$64,509
Other revenue
$6,989
Total assets, end of year
$123,678,654
Total liabilities, end of year
$69,853,702
Net assets or fund balances, end of year
$53,824,952
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: ELECTRIC REVENUE

    total $46,395,380 · related or exempt $46,395,380

  • 2b · Program service revenue: CAPITAL CREDITS AND RENT

    total $1,842,412 · excluded $1,842,412

  • 3 · Investment income

    total $46,616 · excluded $46,616

  • 7a · Gross sales of assets other than inventory

    other assets $23,000

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

    other assets $5,107

  • 7c · Gain or loss

    other assets $17,893

  • 7d · Net gain or loss

    total $17,893 · related or exempt $17,893

  • 10a · Gross sales of inventory

    $210,764

  • 10b · Cost of goods sold

    $204,869

  • 10c · Net income from sales of inventory

    total $5,895 · unrelated business $5,895

  • 11a · Other revenue: MISCELLANEOUS NON-OPERATING I

    total $1,094 · related or exempt $1,094

  • 11e · Other revenue, total

    $1,094

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $4,565,578

  • 5 · Compensation of officers, directors and key employees

    total $218,124

  • 20 · Interest

    total $2,523,200

  • 22 · Depreciation, depletion and amortization

    total $4,330,888

  • 24a · Other expenses: COST OF POWER

    total $29,284,179

  • 24b · Other expenses: DISTRIBUTION - MAINTENANC

    total $2,082,001

  • 24c · Other expenses: DISTRIBUTION - OPERATIONS

    total $1,934,316

  • 24d · Other expenses: ADMINISTRATIVE AND GENERA

    total $1,523,941

  • 24e · All other expenses

    total $1,847,063

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $56,406 · end of year $158,840

  • 2 · Savings and temporary cash investments

    beginning of year $131,965 · end of year $148,624

  • 4 · Accounts receivable

    beginning of year $3,191,579 · end of year $4,845,053

  • 7 · Other notes and loans receivable

    beginning of year $1,108 · end of year $1,199

  • 8 · Inventories for sale or use

    beginning of year $2,173,539 · end of year $2,024,205

  • 9 · Prepaid expenses and deferred charges

    beginning of year $133,340 · end of year $195,566

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

    $132,528,230

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

    $39,132,711

  • 10c · Land, buildings and equipment, net

    beginning of year $88,853,269 · end of year $93,395,519

  • 13 · Investments: program-related

    beginning of year $21,036,097 · end of year $22,336,607

  • 15 · Other assets

    beginning of year $613,465 · end of year $573,041

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,525,117 · end of year $6,489,332

  • 23 · Secured mortgages and notes payable

    beginning of year $57,477,083 · end of year $60,411,197

  • 25 · Other liabilities

    beginning of year $3,646,623 · end of year $2,953,173

  • 31 · Retained earnings, endowment or other funds

    beginning of year $50,541,945 · end of year $53,824,952

Mission and programs · 2024

Mission

TO PROVIDE MEMBERS WITH ELECTRICITY.

  • TO PROVIDE MEMBERS WITH ELECTRICITY.

As filed on the 2024 return.

Listed in Part VII

  • Chris Tackmann

    GENERAL MANA

    Total calculated
    $329,490
    From this org
    $227,489
    From related orgs
    $0
    Other
    $102,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,489
    Bonus
    not reported
    Other
    not reported
    Deferred
    $70,693
    Nontaxable benefits
    $31,308
    Filer's total
    $329,490

  • John Ollendick

    LINEWORKER

    Total calculated
    $202,381
    From this org
    $129,867
    From related orgs
    $0
    Other
    $72,514
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,867
    Bonus
    not reported
    Other
    not reported
    Deferred
    $39,457
    Nontaxable benefits
    $33,057
    Filer's total
    $202,381

  • Stewart Walters

    CONSTRUCTION

    Total calculated
    $163,680
    From this org
    $126,330
    From related orgs
    $0
    Other
    $37,350
    Hours/week
    42.34

    Schedule J breakdown matched by us

    Base
    $126,330
    Bonus
    not reported
    Other
    not reported
    Deferred
    $33,254
    Nontaxable benefits
    $4,096
    Filer's total
    $163,680

  • Brock Brown

    LINEWORKER

    Total calculated
    $156,926
    From this org
    $132,254
    From related orgs
    $0
    Other
    $24,672
    Hours/week
    45.34

    Schedule J breakdown matched by us

    Base
    $132,254
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,652
    Nontaxable benefits
    $4,020
    Filer's total
    $156,926

  • Ethan Thorson

    LINEWORKER

    Total calculated
    $142,043
    From this org
    $127,153
    From related orgs
    $0
    Other
    $14,890
    Hours/week
    44.4

  • Eric Flock

    LINEWORKER

    Total calculated
    $139,102
    From this org
    $125,399
    From related orgs
    $0
    Other
    $13,703
    Hours/week
    43.61

  • Rachel Winrich

    FIN MANAGER

    Total calculated
    $137,431
    From this org
    $96,281
    From related orgs
    $0
    Other
    $41,150
    Hours/week
    40

  • Linda Pierce

    FIN MANAGER

    Total calculated
    $87,772
    From this org
    $84,733
    From related orgs
    $0
    Other
    $3,039
    Hours/week
    40

  • Rick Barrett

    BOARD CHAIR

    Total calculated
    $12,300
    From this org
    $12,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.88

  • Jon Williams

    SECRETARY

    Total calculated
    $9,450
    From this org
    $9,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.97

  • Robin Craker

    DIRECTOR

    Total calculated
    $8,050
    From this org
    $8,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.21

  • Jim Vanwychen

    TREASURER

    Total calculated
    $8,050
    From this org
    $8,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.4

  • Greg Eirschele

    VICE PRESIDE

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Martin Potter

    DIRECTOR

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.81

  • Robert Hess

    DIRECTOR

    Total calculated
    $6,650
    From this org
    $6,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.48

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 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
22 April 2025
IRS schema version
2024v5.0
Source object
202541289349302534

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