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Nonprofiteer
← ARROWHEAD ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by ARROWHEAD ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$16,310,489
Total expenses
$13,793,556
Contributions and grants received
$1,846,227
Grants paid
$0
Program service revenue
$14,218,112
Investment income
$11,184
Other revenue
$234,966
Total assets, end of year
$40,933,502
Total liabilities, end of year
$22,408,912
Net assets or fund balances, end of year
$18,524,590
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.

  • 1e · Government grants (contributions)

    $1,846,227

  • 2a · Program service revenue: ELECTRIC REVENUE

    total $10,354,875 · related or exempt $10,354,875

  • 2b · Program service revenue: TELECOM REVENUE

    total $3,863,237 · related or exempt $3,863,237

  • 3 · Investment income

    total $11,184 · excluded $11,184

  • 11a · Other revenue: CAPITAL CREDITS

    total $234,966 · related or exempt $234,966

  • 11e · Other revenue, total

    $234,966

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $570,747

  • 5 · Compensation of officers, directors and key employees

    total $464,016

  • 12 · Advertising and promotion

    total $60,537

  • 20 · Interest

    total $632,677

  • 22 · Depreciation, depletion and amortization

    total $1,428,482

  • 24a · Other expenses: COST OF POWER

    total $5,470,558

  • 24b · Other expenses: TELECOM - PLANT OPERATI

    total $1,919,179

  • 24c · Other expenses: DISTRIBUTIONS - OPERATI

    total $725,593

  • 24d · Other expenses: DISTRIBUTIONS - MAINTEN

    total $701,019

  • 24e · All other expenses

    total $1,820,748

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,122,153 · end of year $843,843

  • 2 · Savings and temporary cash investments

    beginning of year $447,378 · end of year $417,710

  • 4 · Accounts receivable

    beginning of year $1,598,096 · end of year $1,802,310

  • 8 · Inventories for sale or use

    beginning of year $722,171 · end of year $2,239,903

  • 9 · Prepaid expenses and deferred charges

    beginning of year $193,623 · end of year $212,296

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

    $49,897,553

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

    $19,272,040

  • 10c · Land, buildings and equipment, net

    beginning of year $28,341,171 · end of year $30,625,513

  • 12 · Investments: other securities

    beginning of year $4,798,450 · end of year $4,791,927

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,317,646 · end of year $2,918,361

  • 23 · Secured mortgages and notes payable

    beginning of year $15,564,504 · end of year $14,614,330

  • 24 · Unsecured notes and loans payable

    beginning of year $2,500,000 · end of year $3,500,000

  • 25 · Other liabilities

    beginning of year $1,651,851 · end of year $1,376,221

  • 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 $15,189,041 · end of year $18,524,590

Mission and programs · 2022

Mission

ELECTRIC ENERGY DISTRIBUTION

  • DISTRIBUTED ELECTRIC ENERGY AND OTHER SERVICES TO CONSUMERS.

As filed on the 2022 return.

Listed in Part VII

  • Mike Littfin

    PRESIDENT

    Total calculated
    $10,288
    From this org
    $10,288
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Michael Valentini

    VICE PRESIDENT

    Total calculated
    $7,211
    From this org
    $7,211
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Roger Opp

    TREASURER

    Total calculated
    $4,350
    From this org
    $4,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Donna Lunke

    SECRETARY

    Total calculated
    $9,525
    From this org
    $9,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Stanley Tull

    DIRECTOR

    Total calculated
    $8,350
    From this org
    $8,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Scott Harrison

    DIRECTOR

    Total calculated
    $2,850
    From this org
    $2,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Don McKeever

    DIRECTOR

    Total calculated
    $8,350
    From this org
    $8,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Sharon Hexum-Platzer

    DIRECTOR

    Total calculated
    $4,350
    From this org
    $4,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jenny Kartes

    DIRECTOR OF FINANCE

    Total calculated
    $169,702
    From this org
    $126,805
    From related orgs
    $0
    Other
    $42,897
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,805
    Bonus
    $0
    Other
    $0
    Deferred
    $16,974
    Nontaxable benefits
    $25,923
    Filer's total
    $169,702

  • John Twiest

    GENERAL MANAGER/CEO

    Total calculated
    $239,040
    From this org
    $182,749
    From related orgs
    $0
    Other
    $56,291
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,749
    Bonus
    $0
    Other
    $0
    Deferred
    $29,213
    Nontaxable benefits
    $27,078
    Filer's total
    $239,040

  • Jerry Paine

    LINEMAN

    Total calculated
    $177,229
    From this org
    $128,949
    From related orgs
    $0
    Other
    $48,280
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,949
    Bonus
    $0
    Other
    $0
    Deferred
    $22,543
    Nontaxable benefits
    $25,737
    Filer's total
    $177,229

  • Brian Schroeder

    LINEMAN

    Total calculated
    $187,180
    From this org
    $136,521
    From related orgs
    $0
    Other
    $50,659
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,521
    Bonus
    $0
    Other
    $0
    Deferred
    $24,922
    Nontaxable benefits
    $25,737
    Filer's total
    $187,180

  • Aaron Sjogren

    LINEMAN

    Total calculated
    $173,192
    From this org
    $128,427
    From related orgs
    $0
    Other
    $44,765
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,427
    Bonus
    $0
    Other
    $0
    Deferred
    $18,839
    Nontaxable benefits
    $25,926
    Filer's total
    $173,192

  • Sara McManus

    MEMBER SERVICE MANAGER

    Total calculated
    $162,244
    From this org
    $120,515
    From related orgs
    $0
    Other
    $41,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,515
    Bonus
    $0
    Other
    $0
    Deferred
    $15,467
    Nontaxable benefits
    $26,262
    Filer's total
    $162,244

  • Dan Johnson

    OPERATIONS MANAGER

    Total calculated
    $152,099
    From this org
    $112,742
    From related orgs
    $0
    Other
    $39,357
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,742
    Bonus
    $0
    Other
    $0
    Deferred
    $13,922
    Nontaxable benefits
    $25,435
    Filer's total
    $152,099

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 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
2022
Filed
16 November 2023
IRS schema version
2022v5.0
Source object
202333559349300818

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