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Nonprofiteer
← GUNNISON COUNTY ELECTRIC ASSOCIATION INC

Form 990 for tax year 2025

Filed by GUNNISON COUNTY ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$24,321,816
Total expenses
$24,142,151
Contributions and grants received
$21,434
Grants paid
$0
Program service revenue
$23,510,221
Investment income
$655,206
Other revenue
$134,955
Total assets, end of year
$60,783,648
Total liabilities, end of year
$29,157,945
Net assets or fund balances, end of year
$31,625,703
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.

  • 1e · Government grants (contributions)

    $21,434

  • 2a · Program service revenue: SALES OF ELECTRICITY

    total $23,357,848 · related or exempt $23,357,848

  • 2b · Program service revenue: OTHER OPERATING

    total $152,373 · related or exempt $152,373

  • 3 · Investment income

    total $650,695 · related or exempt $470,766 · excluded $179,929

  • 6a · Gross rents

    real property $20,587

  • 6c · Rental income or loss

    real property $20,587

  • 6d · Net rental income or loss

    total $20,587 · related or exempt $20,587

  • 7a · Gross sales of assets other than inventory

    other assets $4,511

  • 7c · Gain or loss

    other assets $4,511

  • 7d · Net gain or loss

    total $4,511 · related or exempt $4,511

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total $114,368 · related or exempt $114,368

  • 11e · Other revenue, total

    $114,368

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,080,964

  • 5 · Compensation of officers, directors and key employees

    total $901,237

  • 7 · Other salaries and wages

    total $4,222,233

  • 8 · Pension plan contributions

    total $766,633

  • 9 · Other employee benefits

    total $982,400

  • 10 · Payroll taxes

    total $373,620

  • 11b · Fees: legal

    total $129,824

  • 11c · Fees: accounting

    total $16,185

  • 11g · Fees: other

    total $273,356

  • 12 · Advertising and promotion

    total $68,653

  • 13 · Office expenses

    total $163,360

  • 14 · Information technology

    total $239,036

  • 16 · Occupancy

    total $339,114

  • 17 · Travel

    total $98,979

  • 19 · Conferences, conventions and meetings

    total $89,356

  • 20 · Interest

    total $925,004

  • 22 · Depreciation, depletion and amortization

    total $1,738,160

  • 23 · Insurance

    total $136,377

  • 24a · Other expenses: COST OF PURCHASED POWER

    total $10,620,377 · program services $10,620,377

  • 24b · Other expenses: TRANSPORTATION EXPENSES

    total $503,093 · program services $503,093

  • 24c · Other expenses: DUES AND FEES

    total $286,464 · program services $286,464

  • 24d · Other expenses: DISTR SUPPLIES & MISC EQUIP

    total $178,170 · program services $178,170

  • 24e · All other expenses

    total $9,556

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $957,465 · end of year $1,809,725

  • 2 · Savings and temporary cash investments

    beginning of year $386,370 · end of year $287,668

  • 4 · Accounts receivable

    beginning of year $3,278,524 · end of year $3,090,073

  • 7 · Other notes and loans receivable

    beginning of year $792,500 · end of year $943,749

  • 8 · Inventories for sale or use

    beginning of year $1,965,675 · end of year $2,144,718

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,209,287 · end of year $1,482,256

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

    $65,588,292

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

    $30,606,305

  • 10c · Land, buildings and equipment, net

    beginning of year $29,299,673 · end of year $34,981,987

  • 12 · Investments: other securities

    end of year $2,069,133

  • 13 · Investments: program-related

    beginning of year $16,322,340 · end of year $13,583,121

  • 14 · Intangible assets

    beginning of year $455,593 · end of year $391,218

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,285,829 · end of year $3,463,708

  • 19 · Deferred revenue

    end of year $2,400,000

  • 23 · Secured mortgages and notes payable

    beginning of year $16,057,017 · end of year $21,375,683

  • 25 · Other liabilities

    beginning of year $4,102,061 · end of year $1,918,554

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

    beginning of year $24,350,022 · end of year $24,520,669

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,872,498 · end of year $7,105,034

Mission and programs · 2025

Mission

OUR MISSION: SERVING MEMBERS BY PROVIDING SAFE, RELIABLE ENERGY WITH A STRONG COOPERATIVE TRADITION AND VISION FOR THE FUTURE. OUR VISION: COMMITTED TO BECOMING OUR COMMUNITYS MOST VALUED AND TRUSTED RESOURCE.

  • DISTRIBUTION OF ELECTRICITY

As filed on the 2025 return.

Listed in Part VII

  • Michael McBride

    CEO

    Total calculated
    $529,619
    From this org
    $345,039
    From related orgs
    $0
    Other
    $184,580
    Hours/week
    45.73

    Schedule J breakdown matched by us

    Base
    $330,536
    Bonus
    $420
    Other
    $14,083
    Deferred
    $151,333
    Nontaxable benefits
    $33,247
    Filer's total
    $529,619

  • John Stoeber

    COO

    Total calculated
    $416,998
    From this org
    $212,946
    From related orgs
    $0
    Other
    $204,052
    Hours/week
    44.42

    Schedule J breakdown matched by us

    Base
    $207,091
    Bonus
    $4,917
    Other
    $938
    Deferred
    $184,898
    Nontaxable benefits
    $19,154
    Filer's total
    $416,998

  • Mark Van Der Veer

    CFO

    Total calculated
    $319,095
    From this org
    $230,102
    From related orgs
    $0
    Other
    $88,993
    Hours/week
    42.57

    Schedule J breakdown matched by us

    Base
    $223,117
    Bonus
    $4,023
    Other
    $2,962
    Deferred
    $50,402
    Nontaxable benefits
    $38,591
    Filer's total
    $319,095

  • Jeff Hanggi

    WORKING FOREMAN

    Total calculated
    $267,683
    From this org
    $180,622
    From related orgs
    $0
    Other
    $87,061
    Hours/week
    45.42

    Schedule J breakdown matched by us

    Base
    $160,724
    Bonus
    $18,219
    Other
    $1,679
    Deferred
    $68,988
    Nontaxable benefits
    $18,073
    Filer's total
    $267,683

  • Joe Gornik

    ENGINEERING MANAGER

    Total calculated
    $242,258
    From this org
    $205,537
    From related orgs
    $0
    Other
    $36,721
    Hours/week
    43.76

    Schedule J breakdown matched by us

    Base
    $186,025
    Bonus
    $4,117
    Other
    $15,395
    Deferred
    $12,848
    Nontaxable benefits
    $23,873
    Filer's total
    $242,258

  • Logan Rhodes

    WORKING FOREMAN

    Total calculated
    $213,888
    From this org
    $156,014
    From related orgs
    $0
    Other
    $57,874
    Hours/week
    43.24

    Schedule J breakdown matched by us

    Base
    $142,459
    Bonus
    $13,375
    Other
    $180
    Deferred
    $18,492
    Nontaxable benefits
    $39,382
    Filer's total
    $213,888

  • Dustin Cadwell

    WORKING FOREMAN

    Total calculated
    $210,938
    From this org
    $156,366
    From related orgs
    $0
    Other
    $54,572
    Hours/week
    42.38

    Schedule J breakdown matched by us

    Base
    $148,024
    Bonus
    $8,113
    Other
    $229
    Deferred
    $36,732
    Nontaxable benefits
    $17,840
    Filer's total
    $210,938

  • Shane McGuinness

    SYSTEM ADMINISTRATOR

    Total calculated
    $197,320
    From this org
    $159,930
    From related orgs
    $0
    Other
    $37,390
    Hours/week
    41.29

    Schedule J breakdown matched by us

    Base
    $158,199
    Bonus
    $1,459
    Other
    $272
    Deferred
    $22,388
    Nontaxable benefits
    $15,002
    Filer's total
    $197,320

  • Darcie Perkins

    SECRETARYTREASURER JAN-DEC

    Total calculated
    $20,353
    From this org
    $20,353
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.78

  • Thomas Carl

    DIRECTOR

    Total calculated
    $20,143
    From this org
    $20,143
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.26

  • Morgan Weinberg

    VPJAN-JUNEPRESIDENTJUL-DEC

    Total calculated
    $16,118
    From this org
    $16,118
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.36

  • Frank Stern

    ASST SECTREASJAN-JUNVPJUL-DEC

    Total calculated
    $14,541
    From this org
    $14,541
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.55

  • Polly Oberosler

    DIRECTOR

    Total calculated
    $14,303
    From this org
    $14,303
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.64

  • Michelle Lehmann

    PRESJAN-JUNEASST SECTREASJUL-D

    Total calculated
    $14,191
    From this org
    $14,191
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.64

  • Greg Wiggins

    DIRECTOR

    Total calculated
    $13,501
    From this org
    $13,501
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.37

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 · Discretionary spending account
  • 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
2025
Filed
21 September 2026
IRS schema version
2025v4.2
Source object
202632679349301013

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