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Nonprofiteer
← CENTRAL MONTANA ELECTRIC POWER COOPERATIVE INC

Form 990 for tax year 2024

Filed by CENTRAL MONTANA ELECTRIC POWER COOPERATIVE INC.

Totals

Total revenue
$59,039,159
Total expenses
$53,612,592
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$54,948,417
Investment income
$330,793
Other revenue
$3,759,949
Total assets, end of year
$42,966,282
Total liabilities, end of year
$4,098,760
Net assets or fund balances, end of year
$38,867,522
Program services expenses (Part IX)
$53,459,944
Management and general expenses
$152,648
Fundraising expenses
$0
Program service expenses (Part III)
$53,459,944

Program services were 99.7% 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 SALES TO MEMBERS

    total $54,634,740 · related or exempt $54,634,740

  • 2b · Program service revenue: GREEN TAG SALES

    total $313,677 · related or exempt $313,677

  • 3 · Investment income

    total $330,793 · excluded $330,793

  • 11a · Other revenue: CAPITAL CREDIT - BASIN

    total $3,758,916 · related or exempt $3,758,916

  • 11b · Other revenue: CAPITAL CREDIT - OTHER

    total $1,033 · related or exempt $1,033

  • 11e · Other revenue, total

    $3,759,949

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $514,100 · program services $480,875 · management and general $33,225

  • 9 · Other employee benefits

    total $23,918 · program services $23,918

  • 10 · Payroll taxes

    total $18,241 · program services $18,241

  • 11b · Fees: legal

    total $61,473 · program services $61,473

  • 11c · Fees: accounting

    total $27,303 · program services $19,294 · management and general $8,009

  • 13 · Office expenses

    total $10,319 · program services $10,319

  • 17 · Travel

    total $29,245 · program services $29,245

  • 19 · Conferences, conventions and meetings

    total $12,823 · management and general $12,823

  • 22 · Depreciation, depletion and amortization

    total $47,384 · program services $47,384

  • 23 · Insurance

    total $19,929 · program services $19,929

  • 24a · Other expenses: POWER PURCHASES

    total $52,177,610 · program services $52,177,610

  • 24b · Other expenses: TRANSMISSION SERVICES

    total $529,148 · program services $529,148

  • 24c · Other expenses: ASSOCIATION DUES

    total $74,316 · management and general $74,316

  • 24d · Other expenses: PLANT MAINTENANCE

    total $30,336 · program services $30,336

  • 24e · All other expenses

    total $36,447 · program services $12,172 · management and general $24,275

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,606,416 · end of year $1,157,936

  • 2 · Savings and temporary cash investments

    beginning of year $3,418,982 · end of year $5,201,266

  • 4 · Accounts receivable

    beginning of year $4,574,632 · end of year $4,421,544

  • 9 · Prepaid expenses and deferred charges

    beginning of year $130,000 · end of year $7,023

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

    $330,766

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

    $259,820

  • 10c · Land, buildings and equipment, net

    beginning of year $84,997 · end of year $70,946

  • 11 · Investments: publicly traded securities

    beginning of year $1,432,569

  • 13 · Investments: program-related

    beginning of year $28,630,766 · end of year $31,931,026

  • 15 · Other assets

    beginning of year $33,333 · end of year $176,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,586,401 · end of year $4,098,760

  • 29 · Capital stock, trust principal or current funds

    beginning of year $5,000 · end of year $5,000

  • 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 $35,320,294 · end of year $38,862,522

Mission and programs · 2024

Mission

TO PROVIDE WHOLESALE POWER TO 8 RURAL ELECTRIC COOPERATIVES.

  • PROVIDING ELECTRIC POWER TO 8 RURAL ELECTRIC COOPERATIVES. TWO MEMBERS ARE NON-PURCHASING.

    Expenses $53,459,944

As filed on the 2024 return.

Listed in Part VII

  • Russell Bloom

    PRESIDENT

    Total calculated
    $10,725
    From this org
    $10,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Alan Johnstone

    VICE PRESIDENT

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Dan Swartz

    SECRETARY/TREASURER

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Patty Quisno

    TRUSTEE

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Dan Gliko

    TRUSTEE

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Ruth Hinnaland

    TRUSTEE

    Total calculated
    $3,900
    From this org
    $3,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Shane Barrett

    TRUSTEE

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Ron Reddig

    TRUSTEE

    Total calculated
    $3,300
    From this org
    $3,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Doug Hardy

    GENERAL MANAGER

    Total calculated
    $640,875
    From this org
    $483,296
    From related orgs
    $0
    Other
    $157,579
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $483,296
    Bonus
    $0
    Other
    $0
    Deferred
    $109,650
    Nontaxable benefits
    $47,929
    Filer's total
    $640,875

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

None.

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
2024
Filed
25 July 2025
IRS schema version
2024v5.2
Source object
202522129349302007

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