Form 990 for tax year 2024
Filed by OREGON TRAIL ELECTRIC CONSUMERS COOPERATIVE INC.
Totals
- Total revenue
- $59,737,394
- Total expenses
- $59,737,394
- Contributions and grants received
- $0
- Grants paid
- $291,648
- Program service revenue
- $59,046,439
- Investment income
- $551,307
- Other revenue
- $139,648
- Total assets, end of year
- $146,720,603
- Total liabilities, end of year
- $60,059,410
- Net assets or fund balances, end of year
- $86,661,193
- 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: ELECTRIC ENERGY SALES
total $58,050,773 · related or exempt $58,050,773
-
2b · Program service revenue: OTHER ELECTRIC REVENUE
total $776,554 · related or exempt $776,554
-
2c · Program service revenue: PATRONAGE ALLOCATIONS
total $74,602 · excluded $74,602
-
2d · Program service revenue: POLE RENTAL INCOME
total $144,510 · excluded $144,510
-
3 · Investment income
total $551,307 · related or exempt $551,307
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: GAIN ON SALE OF FIXED ASSET
total $3,923 · related or exempt $3,923
-
11b · Other revenue: OTHER SALES TO MEMBERS
total $135,725 · related or exempt $135,725
-
11e · Other revenue, total
$139,648
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $291,648
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $3,587,889
-
5 · Compensation of officers, directors and key employees
total $1,862,408
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $1,994,440
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $5,104,982
-
23 · Insurance
total $0
-
24a · Other expenses: PURCHASED POWER EXPENSE
total $25,752,993
-
24b · Other expenses: DISTRIBUTION EXPENSE
total $8,527,960
-
24c · Other expenses: ADM.& GEN. EXPENSE
total $8,400,594
-
24d · Other expenses: CUST. ACCTS, INFO EXP.& SALES
total $2,396,205
-
24e · All other expenses
total $1,818,275
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,822 · end of year $5,822
-
2 · Savings and temporary cash investments
beginning of year $6,145,295 · end of year $7,454,903
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $6,965,044 · end of year $6,613,016
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $7,324,848 · end of year $6,957,731
-
9 · Prepaid expenses and deferred charges
beginning of year $1,171,275 · end of year $1,230,915
-
10a · Land, buildings and equipment: cost or other basis
$189,655,605
-
10b · Land, buildings and equipment: accumulated depreciation
$74,848,079
-
10c · Land, buildings and equipment, net
beginning of year $111,540,241 · end of year $114,807,526
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $9,154,139 · end of year $9,550,678
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $104,376 · end of year $100,012
-
17 · Accounts payable and accrued expenses
beginning of year $9,649,293 · end of year $10,148,576
-
23 · Secured mortgages and notes payable
beginning of year $44,788,658 · end of year $48,247,220
-
25 · Other liabilities
beginning of year $2,016,614 · end of year $1,663,614
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $3,844,088 · end of year $3,991,681
-
31 · Retained earnings, endowment or other funds
beginning of year $82,112,387 · end of year $82,669,512
Mission and programs · 2024
Mission
TO SAFELY PROVIDE RELIABLE ELECTRIC AND RELATED SERVICES THAT SUPPORT THE ECONOMY AND THE QUALITY OF LIFE OF OTEC MEMBERS BASED ON THE COOPERATIVE PRINCIPLES.
-
TO SAFELY PROVIDE RELIABLE ELECTRIC AND RELATED SERVICES THAT SUPPORT THE ECONOMY AND THE QUALITY OF LIFE OF OTEC MEMBERS BASED ON THE COOPERATIVE PRINCIPLES.
As filed on the 2024 return.
Listed in Part VII
-
Les M PenningLES M PENNING
CEO
- Total calculated
- $569,905
- From this org
- $375,586
- From related orgs
- $0
- Other
- $194,319
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $333,638
- Bonus
- $34,400
- Other
- $7,548
- Deferred
- $153,222
- Nontaxable benefits
- $41,097
- Filer's total
- $569,905
-
Blake EcksteinBLAKE ECKSTEIN
GENERAL FOREMAN
- Total calculated
- $320,045
- From this org
- $263,702
- From related orgs
- $0
- Other
- $56,343
- Hours/week
- 56
Schedule J breakdown matched by us
- Base
- $259,714
- Bonus
- not reported
- Other
- $3,988
- Deferred
- $16,852
- Nontaxable benefits
- $39,491
- Filer's total
- $320,045
-
Tom HigginsTOM HIGGINS
WORKING FOREMAN
- Total calculated
- $312,703
- From this org
- $233,439
- From related orgs
- $0
- Other
- $79,264
- Hours/week
- 54
Schedule J breakdown matched by us
- Base
- $229,549
- Bonus
- not reported
- Other
- $3,890
- Deferred
- $39,806
- Nontaxable benefits
- $39,458
- Filer's total
- $312,703
-
Tim SheehyTIM SHEEHY
DIRECTOR OF IT
- Total calculated
- $290,751
- From this org
- $166,965
- From related orgs
- $0
- Other
- $123,786
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $159,291
- Bonus
- not reported
- Other
- $7,674
- Deferred
- $85,681
- Nontaxable benefits
- $38,105
- Filer's total
- $290,751
-
Tadd McCraeTADD MCCRAE
WORKING FOREMAN
- Total calculated
- $284,632
- From this org
- $229,304
- From related orgs
- $0
- Other
- $55,328
- Hours/week
- 54
Schedule J breakdown matched by us
- Base
- $225,333
- Bonus
- not reported
- Other
- $3,971
- Deferred
- $15,870
- Nontaxable benefits
- $39,458
- Filer's total
- $284,632
-
Charles TracyCHARLES TRACY
DIRECTOR OF ENGINEERING
- Total calculated
- $281,430
- From this org
- $191,844
- From related orgs
- $0
- Other
- $89,586
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $180,339
- Bonus
- not reported
- Other
- $11,505
- Deferred
- $50,114
- Nontaxable benefits
- $39,472
- Filer's total
- $281,430
-
Travis SmartTRAVIS SMART
SERVICEMAN
- Total calculated
- $274,452
- From this org
- $215,989
- From related orgs
- $0
- Other
- $58,463
- Hours/week
- 53
Schedule J breakdown matched by us
- Base
- $211,988
- Bonus
- not reported
- Other
- $4,001
- Deferred
- $20,826
- Nontaxable benefits
- $37,637
- Filer's total
- $274,452
-
Nick SimonsNICK SIMONS
JOURNEYMAN LINEMAN
- Total calculated
- $270,777
- From this org
- $221,711
- From related orgs
- $0
- Other
- $49,066
- Hours/week
- 54
Schedule J breakdown matched by us
- Base
- $217,739
- Bonus
- not reported
- Other
- $3,972
- Deferred
- $14,529
- Nontaxable benefits
- $34,537
- Filer's total
- $270,777
-
Eric WirfsERIC WIRFS
DIRECTOR OF OPERATIONS
- Total calculated
- $268,362
- From this org
- $198,174
- From related orgs
- $0
- Other
- $70,188
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $174,540
- Bonus
- not reported
- Other
- $23,634
- Deferred
- $35,180
- Nontaxable benefits
- $35,008
- Filer's total
- $268,362
-
Michelle LongMICHELLE LONG
CFO
- Total calculated
- $231,410
- From this org
- $165,471
- From related orgs
- $0
- Other
- $65,939
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $163,934
- Bonus
- not reported
- Other
- $1,537
- Deferred
- $28,029
- Nontaxable benefits
- $37,910
- Filer's total
- $231,410
-
Aletha BonebrakeALETHA BONEBRAKE
President
- Total calculated
- $30,000
- From this org
- $30,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
Cory MillerCORY MILLER
Secretary-Treas
- Total calculated
- $29,100
- From this org
- $29,100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
Charlene ChaseCHARLENE CHASE
Director
- Total calculated
- $25,250
- From this org
- $25,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
Jeff ClarkJEFF CLARK
Director
- Total calculated
- $24,300
- From this org
- $24,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
Robert CargillROBERT CARGILL
DIRECTOR
- Total calculated
- $23,700
- From this org
- $23,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
Gary MillerGARY MILLER
Vice President
- Total calculated
- $23,700
- From this org
- $23,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
David BaumDAVID BAUM
Director
- Total calculated
- $23,400
- From this org
- $23,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
Wayne OvertonWAYNE OVERTON
Director
- Total calculated
- $23,250
- From this org
- $23,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
Austin BingamanAUSTIN BINGAMAN
Director
- Total calculated
- $17,850
- From this org
- $17,850
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 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
-
OTEC MEMBER FOUNDATION
$263,400
COMMUNITY SCHOLARSHIPS & DONATIONS
-
COMMUNITY CONNECTIONS
$28,248
LOW INCOME ENERGY ASSISTANCE
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.
-
501(c)(3) · CHARITABLE ARM OF OREGON TRAIL ELECTRIC · OR
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523089349302927
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