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Nonprofiteer
← SALMON RIVER ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by SALMON RIVER ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$8,375,051
Total expenses
$8,064,622
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,971,618
Investment income
$310,429
Other revenue
$93,004
Total assets, end of year
$22,889,754
Total liabilities, end of year
$8,141,610
Net assets or fund balances, end of year
$14,748,144
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: ELECTRICITY SALES

    total $7,538,596 · related or exempt $7,538,596

  • 2b · Program service revenue: OTHER ELECTRIC REVENUE

    total $433,022 · related or exempt $433,022

  • 3 · Investment income

    total $295,529 · related or exempt $46,305 · excluded $249,224

  • 6a · Gross rents

    real property $93,004

  • 6c · Rental income or loss

    real property $93,004

  • 6d · Net rental income or loss

    total $93,004 · related or exempt $93,004

  • 7a · Gross sales of assets other than inventory

    other assets $14,900

  • 7c · Gain or loss

    other assets $14,900

  • 7d · Net gain or loss

    total $14,900 · related or exempt $14,900

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $700,740

  • 5 · Compensation of officers, directors and key employees

    total $683,347

  • 7 · Other salaries and wages

    total $1,182,363

  • 8 · Pension plan contributions

    total $307,237

  • 9 · Other employee benefits

    total $230,631

  • 10 · Payroll taxes

    total $117,710

  • 11b · Fees: legal

    total $2,095

  • 11c · Fees: accounting

    total $8,750

  • 13 · Office expenses

    total $4,691

  • 16 · Occupancy

    total $39,065

  • 20 · Interest

    total $324,974

  • 22 · Depreciation, depletion and amortization

    total $779,238

  • 23 · Insurance

    total $40,420

  • 24a · Other expenses: COST OF POWER

    total $3,583,509 · program services $3,583,509

  • 24b · Other expenses: DISTRIBUTION-OPERATIONS

    total $845,073 · program services $845,073

  • 24c · Other expenses: ADMIN AND GENERAL

    total $777,838 · program services $777,838

  • 24d · Other expenses: DISTRIBUTION-MAINTENANCE

    total $546,450 · program services $546,450

  • 24e · All other expenses

    total -$2,109,509

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,028,544 · end of year $1,422,397

  • 4 · Accounts receivable

    beginning of year $825,555 · end of year $735,251

  • 7 · Other notes and loans receivable

    beginning of year $1,558,939 · end of year $1,098,632

  • 8 · Inventories for sale or use

    beginning of year $650,952 · end of year $782,965

  • 9 · Prepaid expenses and deferred charges

    beginning of year $56,379 · end of year $58,547

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

    $30,156,062

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

    $14,830,754

  • 10c · Land, buildings and equipment, net

    beginning of year $14,505,786 · end of year $15,325,308

  • 15 · Other assets

    beginning of year $4,307,290 · end of year $3,466,654

  • 17 · Accounts payable and accrued expenses

    beginning of year $327,830 · end of year $388,816

  • 23 · Secured mortgages and notes payable

    beginning of year $7,354,460 · end of year $7,101,013

  • 24 · Unsecured notes and loans payable

    beginning of year $800,000

  • 25 · Other liabilities

    beginning of year $521,703 · end of year $651,781

  • 29 · Capital stock, trust principal or current funds

    beginning of year $22,150 · end of year $22,410

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $7,351,250 · end of year $7,902,103

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,556,052 · end of year $6,823,631

Mission and programs · 2024

Mission

PROVIDE ELECTRIC DISTRIBUTION AND TRANSMISSION SERVICES TO ITS MEMBERS IN PARTS OF CUSTER, BLAINE, AND LEMHI COUNTIES IN IDAHO.

  • THE COOPERATIVE PURCHASES AND PROVIDES ELECTRIC ENERGY TO ITS MEMBERS.

As filed on the 2024 return.

Listed in Part VII

  • Ken Dizes

    GENERAL MANAGER

    Total calculated
    $449,562
    From this org
    $316,812
    From related orgs
    $0
    Other
    $132,750
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $316,812
    Bonus
    not reported
    Other
    not reported
    Deferred
    $95,601
    Nontaxable benefits
    $37,149
    Filer's total
    $449,562

  • Dennis Swindell

    OPERATIONS MANAGER

    Total calculated
    $231,351
    From this org
    $153,419
    From related orgs
    $0
    Other
    $77,932
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,419
    Bonus
    not reported
    Other
    not reported
    Deferred
    $49,462
    Nontaxable benefits
    $28,470
    Filer's total
    $231,351

  • Kip Erickson

    LINE FOREMAN

    Total calculated
    $210,291
    From this org
    $138,290
    From related orgs
    $0
    Other
    $72,001
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $138,290
    Bonus
    not reported
    Other
    not reported
    Deferred
    $40,776
    Nontaxable benefits
    $31,225
    Filer's total
    $210,291

  • Joseph Runnels

    JOURNEYMAN LINEMAN

    Total calculated
    $194,021
    From this org
    $127,949
    From related orgs
    $0
    Other
    $66,072
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $127,949
    Bonus
    not reported
    Other
    not reported
    Deferred
    $37,144
    Nontaxable benefits
    $28,928
    Filer's total
    $194,021

  • Grant Poliquin

    JOURNEYMAN LINEMAN

    Total calculated
    $184,904
    From this org
    $129,100
    From related orgs
    $0
    Other
    $55,804
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $129,100
    Bonus
    not reported
    Other
    not reported
    Deferred
    $37,166
    Nontaxable benefits
    $18,638
    Filer's total
    $184,904

  • Will Anderson

    JOURNEYMAN LINEMAN

    Total calculated
    $181,254
    From this org
    $125,960
    From related orgs
    $0
    Other
    $55,294
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $125,960
    Bonus
    not reported
    Other
    not reported
    Deferred
    $37,099
    Nontaxable benefits
    $18,195
    Filer's total
    $181,254

  • Steve Sidlo

    DIRECTOR OF FINANCE

    Total calculated
    $175,735
    From this org
    $121,652
    From related orgs
    $0
    Other
    $54,083
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $121,652
    Bonus
    not reported
    Other
    not reported
    Deferred
    $41,945
    Nontaxable benefits
    $12,138
    Filer's total
    $175,735

  • Jeff Bitton

    VICE-PRESIDENT

    Total calculated
    $10,625
    From this org
    $10,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Norman Wallis

    PRESIDENT

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Robert Boren

    DIRECTOR

    Total calculated
    $9,075
    From this org
    $9,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Earl Skeen

    DIRECTOR

    Total calculated
    $7,700
    From this org
    $7,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Steve Rembelski

    DIRECTOR

    Total calculated
    $7,200
    From this org
    $7,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Michael Miller

    DIRECTOR

    Total calculated
    $7,200
    From this org
    $7,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Doug Parkinson

    SECRETARYTREASURER

    Total calculated
    $5,750
    From this org
    $5,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

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 survey or study

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SALMON RIVER PROPANE

    C Corp · SALES OF PROPANE · ID · 100% owned · share of income $2,794,224 · share of assets $4,420,182 · controlled entity

    Directly controlled by SALMON RIVER ELECTRIC

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202513079349303581

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