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Nonprofiteer
← COPPER VALLEY ELECTRIC ASSOCIATION INC

Form 990 for tax year 2025

Filed by COPPER VALLEY ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$26,545,299
Total expenses
$26,123,222
Contributions and grants received
$338,954
Grants paid
$86,595
Program service revenue
$25,900,495
Investment income
$222,725
Other revenue
$83,125
Total assets, end of year
$87,854,885
Total liabilities, end of year
$63,948,174
Net assets or fund balances, end of year
$23,906,711
Program services expenses (Part IX)
$23,926,903
Management and general expenses
$2,196,319
Fundraising expenses
$0
Program service expenses (Part III)
$23,926,903

Program services were 91.6% 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.

  • 1e · Government grants (contributions)

    $338,954

  • 2a · Program service revenue: ELECTRIC REVENUE

    total $23,296,981 · related or exempt $23,296,981

  • 2b · Program service revenue: HEAT REVENUE

    total $2,488,479 · related or exempt $2,488,479

  • 2c · Program service revenue: PATRONAGE CAPITAL

    total $115,035 · related or exempt $115,035

  • 3 · Investment income

    total $222,725 · excluded $222,725

  • 6a · Gross rents

    real property $83,125

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $83,125

  • 6d · Net rental income or loss

    total $83,125 · excluded $83,125

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $86,595 · program services $86,595

  • 4 · Benefits paid to or for members

    total $103,186 · program services $103,186

  • 5 · Compensation of officers, directors and key employees

    total $682,369 · management and general $682,369

  • 7 · Other salaries and wages

    total $5,430,463 · program services $5,430,463

  • 8 · Pension plan contributions

    total $1,465,654 · program services $1,465,654

  • 9 · Other employee benefits

    total $583,004 · program services $583,004

  • 10 · Payroll taxes

    total $1,673,867 · program services $1,673,867

  • 11c · Fees: accounting

    total $72,514 · management and general $72,514

  • 12 · Advertising and promotion

    total $56,067 · program services $56,067

  • 13 · Office expenses

    total $44,455 · program services $44,455

  • 20 · Interest

    total $2,099,500 · program services $2,099,500

  • 22 · Depreciation, depletion and amortization

    total $4,156,293 · program services $4,156,293

  • 23 · Insurance

    total $819,605 · program services $819,605

  • 24a · Other expenses: DIESEL

    total $7,032,850 · program services $7,032,850

  • 24b · Other expenses: ADMINISTRATIVE & GENERA

    total $1,441,436 · management and general $1,441,436

  • 24c · Other expenses: GROSS RECEIPTS TAX

    total $332,151 · program services $332,151

  • 24d · Other expenses: MAINTENANCE EXPENSE

    total $43,213 · program services $43,213

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $700 · end of year $1,000

  • 2 · Savings and temporary cash investments

    beginning of year $6,704,106 · end of year $6,925,310

  • 4 · Accounts receivable

    beginning of year $1,781,272 · end of year $1,915,675

  • 8 · Inventories for sale or use

    beginning of year $3,584,422 · end of year $3,265,744

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

    $146,841,276

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

    $75,061,807

  • 10c · Land, buildings and equipment, net

    beginning of year $70,367,947 · end of year $71,779,469

  • 12 · Investments: other securities

    beginning of year $1,571,489 · end of year $1,606,047

  • 14 · Intangible assets

    beginning of year $9,000 · end of year $9,000

  • 15 · Other assets

    beginning of year $2,439,178 · end of year $2,352,640

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,164,557 · end of year $2,298,970

  • 19 · Deferred revenue

    beginning of year $31,455

  • 23 · Secured mortgages and notes payable

    beginning of year $48,094,483 · end of year $49,962,260

  • 25 · Other liabilities

    beginning of year $12,136,567 · end of year $11,686,944

  • 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 $2,985 · end of year $2,985

  • 31 · Retained earnings, endowment or other funds

    beginning of year $24,028,067 · end of year $23,903,726

Mission and programs · 2025

Mission

TO PROVIDE EXCEPTIONAL CUSTOMER SERVICE THROUGH SAFE, RELIABLE, COST EFFECTIVE, ELECTRIC SERVICES AND PROGRAMS.

Activities or mission (Part I)

TO PROVIDE EXCEPTIONAL CUSTOMER SERVICE THROUGH SAFE, RELIABLE, COST-EFFECTIVE, ELECTRIC SERVICES AND PROGRAMS.

  • SALE OF ELECTRICITY TO 4,057 MEMBER CONSUMERS

    Expenses $23,926,903 · Grants $86,595 · Revenue $25,900,495

As filed on the 2025 return.

Listed in Part VII

  • Lon Rake

    PRESIDENT

    Total calculated
    $8,750
    From this org
    $8,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Andrew Hess

    DIRECTOR

    Total calculated
    $8,500
    From this org
    $8,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jeff Saxe

    DIRECTOR

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Janice Maslen

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Will Stark

    TREASURER

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Dan Stowe

    SECRETARY

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Yvette Delaquito

    VICE PRESIDENT

    Total calculated
    $5,750
    From this org
    $5,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Catherine Vereline

    DIRECTOR

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Donald McKinzey

    COO

    Total calculated
    $308,103
    From this org
    $216,020
    From related orgs
    $0
    Other
    $92,083
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $216,020
    Bonus
    $0
    Other
    $0
    Deferred
    $74,104
    Nontaxable benefits
    $17,979
    Filer's total
    $308,103

  • Jaime Matthews

    CEO

    Total calculated
    $409,351
    From this org
    $275,241
    From related orgs
    $0
    Other
    $134,110
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $275,241
    Bonus
    $0
    Other
    $0
    Deferred
    $96,502
    Nontaxable benefits
    $37,608
    Filer's total
    $409,351

  • Steve Williams

    POWER GENERATION MANAGER

    Total calculated
    $256,946
    From this org
    $179,061
    From related orgs
    $0
    Other
    $77,885
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $179,061
    Bonus
    $0
    Other
    $0
    Deferred
    $60,208
    Nontaxable benefits
    $17,677
    Filer's total
    $256,946

  • Timothy Stradinger

    LINE FOREMAN

    Total calculated
    $262,868
    From this org
    $202,223
    From related orgs
    $0
    Other
    $60,645
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $202,223
    Bonus
    $0
    Other
    $0
    Deferred
    $34,774
    Nontaxable benefits
    $25,871
    Filer's total
    $262,868

  • Ryan Luiten

    LINEMAN

    Total calculated
    $255,033
    From this org
    $194,510
    From related orgs
    $0
    Other
    $60,523
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $194,510
    Bonus
    $0
    Other
    $0
    Deferred
    $34,652
    Nontaxable benefits
    $25,871
    Filer's total
    $255,033

  • Justin Moncrief

    LINE APPRENTICE

    Total calculated
    $250,098
    From this org
    $189,740
    From related orgs
    $0
    Other
    $60,358
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $189,740
    Bonus
    $0
    Other
    $0
    Deferred
    $34,487
    Nontaxable benefits
    $25,871
    Filer's total
    $250,098

  • Alexander Reed

    PLANT OPERATOR

    Total calculated
    $249,993
    From this org
    $189,736
    From related orgs
    $0
    Other
    $60,257
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $189,736
    Bonus
    $0
    Other
    $0
    Deferred
    $34,386
    Nontaxable benefits
    $25,871
    Filer's total
    $249,993

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
17 August 2026
IRS schema version
2025v4.2
Source object
202602309349302940

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