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Nonprofiteer
← TANNER ELECTRIC

Form 990 for tax year 2025

Filed by TANNER ELECTRIC.

Totals

Total revenue
$14,652,873
Total expenses
$14,517,330
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,300,411
Investment income
$62,405
Other revenue
$290,057
Total assets, end of year
$46,217,068
Total liabilities, end of year
$27,861,644
Net assets or fund balances, end of year
$18,355,424
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: SALES OF ELECTRICITY

    total $14,161,782 · related or exempt $14,161,782

  • 2b · Program service revenue: SERVICE FEES

    total $75,058 · related or exempt $75,058

  • 2c · Program service revenue: PATRONAGE DIVIDENDS

    total $55,782 · related or exempt $55,782

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $7,789 · related or exempt $7,789

  • 3 · Investment income

    total $23,686 · unrelated business $17,295 · excluded $6,391

  • 7a · Gross sales of assets other than inventory

    other assets $38,719

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

    other assets $0

  • 7c · Gain or loss

    other assets $38,719

  • 7d · Net gain or loss

    total $38,719 · related or exempt $38,719

  • 11a · Other revenue: POLE ATTACHMENT INCOME

    total $187,723 · excluded $187,723

  • 11b · Other revenue: MISC. NON-OPERATING REVENUE

    total $102,334 · related or exempt $102,334

  • 11e · Other revenue, total

    $290,057

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $529,263

  • 5 · Compensation of officers, directors and key employees

    total $1,179,688

  • 7 · Other salaries and wages

    total $1,701,569

  • 8 · Pension plan contributions

    total $78,393

  • 9 · Other employee benefits

    total $127,997

  • 10 · Payroll taxes

    total $162,330

  • 20 · Interest

    total $1,055,746

  • 22 · Depreciation, depletion and amortization

    total $1,827,796

  • 24a · Other expenses: PURCHASED POWER

    total $5,050,740

  • 24b · Other expenses: ADMIN & GENERAL EXPENSE

    total $1,139,833

  • 24c · Other expenses: DISTRIBUTION EXPENSE

    total $795,014

  • 24d · Other expenses: TAXES

    total $657,024

  • 24e · All other expenses

    total $211,937

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $585,498 · end of year $288,749

  • 4 · Accounts receivable

    beginning of year $3,057,136 · end of year $2,928,335

  • 8 · Inventories for sale or use

    beginning of year $1,258,065 · end of year $1,191,246

  • 9 · Prepaid expenses and deferred charges

    beginning of year $76,374 · end of year $69,177

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

    $69,957,300

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

    $29,109,818

  • 10c · Land, buildings and equipment, net

    beginning of year $36,689,717 · end of year $40,847,482

  • 13 · Investments: program-related

    beginning of year $666,803 · end of year $673,539

  • 15 · Other assets

    beginning of year $265,661 · end of year $218,540

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,266,293 · end of year $1,745,146

  • 23 · Secured mortgages and notes payable

    beginning of year $22,622,469 · end of year $25,432,789

  • 25 · Other liabilities

    beginning of year $601,589 · end of year $683,709

  • 29 · Capital stock, trust principal or current funds

    beginning of year $24,555 · end of year $25,255

  • 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 $18,084,348 · end of year $18,330,169

Mission and programs · 2025

Mission

THE MISSION OF TANNER ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, SAFE, SUSTAINABLE ELECTRIC POWER AND RELATED SERVICES TO THE COMMUNITIES WE ARE PROUD TO SERVE.

Activities or mission (Part I)

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 5,535 ACTIVE SERVICES AT YEAR END.

As filed on the 2025 return.

Listed in Part VII

  • Malcolm Lybeck

    PRESIDENT

    Total calculated
    $13,300
    From this org
    $13,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.8

  • Roger Guay

    VICE PRESIDENT

    Total calculated
    $6,500
    From this org
    $6,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.2

  • John Saatela

    TREASURER

    Total calculated
    $10,100
    From this org
    $10,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.9

  • Dutch Siedentopf

    SECRETARY

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Carol Paschal

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.7

  • Steve Nicholes

    DIRECTOR

    Total calculated
    $6,650
    From this org
    $6,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • David McGoldrick

    DIRECTOR

    Total calculated
    $6,575
    From this org
    $6,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Kristina Michael

    DIRECTOR

    Total calculated
    $4,975
    From this org
    $4,975
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8

  • Steve Duppenthaler

    DIRECTOR (JULY-DEC)

    Total calculated
    $1,775
    From this org
    $1,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.6

  • Marc McElney

    DIRECTOR (JAN-MAR)

    Total calculated
    $0
    Hours/week
    0

  • Steve Walter

    CEO

    Total calculated
    $570,328
    From this org
    $315,873
    From related orgs
    $0
    Other
    $254,455
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $289,776
    Bonus
    $0
    Other
    $26,097
    Deferred
    $198,364
    Nontaxable benefits
    $56,091
    Filer's total
    $570,328

  • Kevin Burns

    DIRECTOR OF FINANCE

    Total calculated
    $255,013
    From this org
    $195,936
    From related orgs
    $0
    Other
    $59,077
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $187,412
    Bonus
    $1,568
    Other
    $6,956
    Deferred
    $31,435
    Nontaxable benefits
    $27,642
    Filer's total
    $255,013

  • Nick Himebauch

    MGR OF OPERATIONS

    Total calculated
    $287,072
    From this org
    $200,256
    From related orgs
    $0
    Other
    $86,816
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,065
    Bonus
    $1,568
    Other
    $623
    Deferred
    $52,307
    Nontaxable benefits
    $34,509
    Filer's total
    $287,072

  • Kye Refvem

    LINE FOREMAN

    Total calculated
    $347,827
    From this org
    $297,472
    From related orgs
    $0
    Other
    $50,355
    Hours/week
    53.5

    Schedule J breakdown matched by us

    Base
    $296,374
    Bonus
    $925
    Other
    $173
    Deferred
    $15,967
    Nontaxable benefits
    $34,388
    Filer's total
    $347,827

  • Chad Lohrey

    LEAD LINEMAN

    Total calculated
    $297,737
    From this org
    $260,431
    From related orgs
    $0
    Other
    $37,306
    Hours/week
    50.6

    Schedule J breakdown matched by us

    Base
    $256,664
    Bonus
    $925
    Other
    $2,842
    Deferred
    $18,736
    Nontaxable benefits
    $18,570
    Filer's total
    $297,737

  • Rory Walter

    LINEMAN

    Total calculated
    $296,162
    From this org
    $255,795
    From related orgs
    $0
    Other
    $40,367
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $254,707
    Bonus
    $925
    Other
    $163
    Deferred
    $14,930
    Nontaxable benefits
    $25,437
    Filer's total
    $296,162

  • Blaine Barnard

    LINEMAN

    Total calculated
    $299,132
    From this org
    $272,619
    From related orgs
    $0
    Other
    $26,513
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $271,531
    Bonus
    $925
    Other
    $163
    Deferred
    $14,477
    Nontaxable benefits
    $12,036
    Filer's total
    $299,132

  • Justin Isackson

    FOREMAN

    Total calculated
    $285,648
    From this org
    $219,084
    From related orgs
    $0
    Other
    $66,564
    Hours/week
    48.3

    Schedule J breakdown matched by us

    Base
    $216,094
    Bonus
    $925
    Other
    $2,065
    Deferred
    $28,351
    Nontaxable benefits
    $38,213
    Filer's total
    $285,648

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 · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
PURSUANT TO APPLICABLE TRAVEL POLICIES, THE COOPERATIVE WILL REIMBURSE THE CEO FOR THE COST OF HIS/HER SPOUSE TO ACCOMPANY HIM/HER ON OFFICIAL BUSINESS OF THE COOPERATIVE. STEVE WALTER'S SPOUSE ACCOMANIED HIM ON THREE TRIPS DURING THE YEAR.
PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. STEVE WALTER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 168,606 EMPLOYER CONTRIBUTION TO 457(B) DEFERRED COMP. PLAN 15,125 EMPLOYER CONTRIBUTION TO 401(K) PLAN 14,633 TOTAL REPORTED IN COLUMN C $ 198,364 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (168,606) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 57,283 EXPENSE TO THE COOPERATIVE $ 87,041 KYE REFVEM: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 9,036 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,931 TOTAL REPORTED IN COLUMN C $ 15,967 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (9,036) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 25,856 EXPENSE TO THE COOPERATIVE $ 32,787 BLAINE BARNARD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 8,146 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,331 TOTAL REPORTED IN COLUMN C $ 14,477 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (8,146) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,622 EXPENSE TO THE COOPERATIVE $ 30,953 CHAD LOHREY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 11,764 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,972 TOTAL REPORTED IN COLUMN C $ 18,736 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (11,764) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 25,856 EXPENSE TO THE COOPERATIVE $ 32,828 RORY WALTER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 8,378 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,552 TOTAL REPORTED IN COLUMN C $ 14,930 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (8,378) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,622 EXPENSE TO THE COOPERATIVE $ 30,953 NICK HIMEBAUCH: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 33,366 EMPLOYER CONTRIBUTION TO 457(B) DEFERRED COMP. PLAN 9,747 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,194 TOTAL REPORTED IN COLUMN C $ 52,307 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (33,366) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 35,363 EXPENSE TO THE COOPERATIVE $ 54,304 JUSTIN ISACKSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 20,793 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,558 TOTAL REPORTED IN COLUMN C $ 28,351 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (20,793) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 27,085 EXPENSE TO THE COOPERATIVE $ 34,643 KEVIN BURNS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 13,412 EMPLOYER CONTRIBUTION TO 457(B) DEFERRED COMP. PLAN 9,277 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,746 TOTAL REPORTED IN COLUMN C $ 30,435 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (13,412) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 33,595 EXPENSE TO THE COOPERATIVE $ 51,618

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.

  • TANNER WIND ENERGY INC

    C · WIND ENERGY PRODUCTION · WA · 100% owned · share of income $287,957 · share of assets $262,984 · controlled entity

    Directly controlled by TANNER ELECTRIC COOPERATIVE INC

Provenance

Return type
form_990
Tax year
2025
Filed
29 July 2026
IRS schema version
2025v4.2
Source object
202612119349300611

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