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Nonprofiteer
← CENTRAL MONTANA ELECTRIC POWER COOPERATIVE INC

Form 990 for tax year 2025

Filed by CENTRAL MONTANA ELECTRIC POWER COOPERATIVE INC.

Totals

Total revenue
$61,364,686
Total expenses
$57,383,200
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$58,346,228
Investment income
$274,092
Other revenue
$2,744,366
Total assets, end of year
$45,048,867
Total liabilities, end of year
$4,466,992
Net assets or fund balances, end of year
$40,581,875
Program services expenses (Part IX)
$57,197,894
Management and general expenses
$185,306
Fundraising expenses
$0
Program service expenses (Part III)
$57,197,894

Program services were 99.7% 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 SALES TO MEMBERS

    total $57,966,389 · related or exempt $57,966,389

  • 2b · Program service revenue: GREEN TAG SALES

    total $379,839 · related or exempt $379,839

  • 3 · Investment income

    total $274,448 · excluded $274,448

  • 7a · Gross sales of assets other than inventory

    securities $11,700

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

    securities $12,056

  • 7c · Gain or loss

    securities -$356

  • 7d · Net gain or loss

    total -$356 · related or exempt -$356

  • 11a · Other revenue: CAPITAL CREDIT - BASIN

    total $2,743,428 · related or exempt $2,743,428

  • 11b · Other revenue: CAPITAL CREDIT - OTHER

    total $938 · related or exempt $938

  • 11e · Other revenue, total

    $2,744,366

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $128,969 · program services $86,994 · management and general $41,975

  • 9 · Other employee benefits

    total -$17,203 · program services -$17,203

  • 10 · Payroll taxes

    total $6,932 · program services $6,932

  • 11a · Fees: management

    total $453,088 · program services $453,088

  • 11b · Fees: legal

    total $8,480 · program services $8,480

  • 11c · Fees: accounting

    total $36,784 · program services $23,034 · management and general $13,750

  • 12 · Advertising and promotion

    total $750 · program services $750

  • 13 · Office expenses

    total $12,587 · program services $12,587

  • 17 · Travel

    total $19,062 · program services $19,062

  • 19 · Conferences, conventions and meetings

    total $15,500 · management and general $15,500

  • 20 · Interest

    total $137 · program services $137

  • 22 · Depreciation, depletion and amortization

    total $8,438 · program services $8,438

  • 23 · Insurance

    total $19,924 · program services $19,924

  • 24a · Other expenses: POWER PURCHASES

    total $55,944,093 · program services $55,944,093

  • 24b · Other expenses: TRANSMISSION SERVICES

    total $585,860 · program services $585,860

  • 24c · Other expenses: ASSOCIATION DUES

    total $73,492 · management and general $73,492

  • 24d · Other expenses: TRUSTEE/MEMBER DIRECTOR

    total $40,589 · management and general $40,589

  • 24e · All other expenses

    total $45,718 · program services $45,718

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,157,936 · end of year $397,499

  • 2 · Savings and temporary cash investments

    beginning of year $5,201,266 · end of year $5,357,175

  • 4 · Accounts receivable

    beginning of year $4,421,544 · end of year $4,984,081

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,023 · end of year $8,765

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

    $333,695

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

    $242,243

  • 10c · Land, buildings and equipment, net

    beginning of year $70,946 · end of year $91,452

  • 13 · Investments: program-related

    beginning of year $31,931,026 · end of year $34,134,633

  • 15 · Other assets

    beginning of year $176,541 · end of year $75,262

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,098,760 · end of year $4,466,992

  • 29 · Capital stock, trust principal or current funds

    beginning of year $5,000 · end of year $5,000

  • 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 $38,862,522 · end of year $40,576,875

Mission and programs · 2025

Mission

TO PROVIDE WHOLESALE POWER TO 8 RURAL ELECTRIC COOPERATIVES.

  • PROVIDING ELECTRIC POWER TO 8 RURAL ELECTRIC COOPERATIVES. TWO MEMBERS ARE NON-PURCHASING.

    Expenses $57,197,894

As filed on the 2025 return.

Listed in Part VII

  • Russell Bloom

    PRESIDENT

    Total calculated
    $9,300
    From this org
    $9,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Alan Johnstone

    VICE PRESIDENT

    Total calculated
    $4,650
    From this org
    $4,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Dan Swartz

    SECRETARY/TREASURER

    Total calculated
    $5,300
    From this org
    $5,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Patty Quisno

    TRUSTEE

    Total calculated
    $4,050
    From this org
    $4,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Dan Gliko

    TRUSTEE

    Total calculated
    $5,550
    From this org
    $5,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Ruth Hinnaland

    TRUSTEE

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Shane Barrett

    TRUSTEE

    Total calculated
    $5,025
    From this org
    $5,025
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Rick Molvig

    TRUSTEE

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Doug Hardy Ended Feb

    GENERAL MANAGER

    Total calculated
    $58,899
    From this org
    $48,024
    From related orgs
    $0
    Other
    $10,875
    Hours/week
    40

  • Jim Sands Began Dec

    GENERAL MANAGER

    Total calculated
    $28,095
    From this org
    $28,095
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
3 June 2026
IRS schema version
2025v4.1
Source object
202621599349301442

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