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Nonprofiteer
← GRAND VALLEY RURAL POWER LINES INC

Form 990 for tax year 2024

Filed by GRAND VALLEY RURAL POWER LINES INC.

Totals

Total revenue
$38,402,344
Total expenses
$38,402,344
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$38,182,015
Investment income
$220,329
Other revenue
$0
Total assets, end of year
$92,716,775
Total liabilities, end of year
$55,551,962
Net assets or fund balances, end of year
$37,164,813
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: Sale of Energy

    total $37,700,557 · related or exempt $37,700,557

  • 2b · Program service revenue: Capital Credits

    total $315,392 · related or exempt $315,392

  • 2c · Program service revenue: Misc Service Revenue

    total $74,491 · related or exempt $74,491

  • 2d · Program service revenue: Joint Pole Use

    total $75,154 · excluded $75,154

  • 2e · Program service revenue: Other Service Revenue

    total $16,421 · excluded $16,421

  • 3 · Investment income

    total $220,329 · excluded $220,329

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,573,121

  • 5 · Compensation of officers, directors and key employees

    total $778,505

  • 7 · Other salaries and wages

    total $916,309

  • 20 · Interest

    total $1,852,276

  • 22 · Depreciation, depletion and amortization

    total $3,246,165

  • 24a · Other expenses: Purchased Power

    total $20,108,793 · program services $20,108,793

  • 24b · Other expenses: Distribution Expense

    total $3,620,066 · program services $3,620,066

  • 24c · Other expenses: Admin & General

    total $3,192,190 · program services $3,192,190

  • 24d · Other expenses: Member Service

    total $1,290,501 · program services $1,290,501

  • 24e · All other expenses

    total $824,418

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,167,720 · end of year $5,643,398

  • 4 · Accounts receivable

    beginning of year $5,043,002 · end of year $4,216,559

  • 8 · Inventories for sale or use

    beginning of year $2,525,384 · end of year $2,069,840

  • 9 · Prepaid expenses and deferred charges

    end of year $7,807

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

    $117,223,722

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

    $39,162,946

  • 10c · Land, buildings and equipment, net

    beginning of year $77,705,979 · end of year $78,060,776

  • 13 · Investments: program-related

    beginning of year $2,490,596 · end of year $2,665,025

  • 15 · Other assets

    beginning of year $36,097 · end of year $53,370

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,900,592 · end of year $2,188,185

  • 19 · Deferred revenue

    beginning of year $1,005,770 · end of year $2,029,479

  • 23 · Secured mortgages and notes payable

    beginning of year $46,043,001 · end of year $45,949,023

  • 25 · Other liabilities

    beginning of year $5,244,715 · end of year $5,385,275

  • 31 · Retained earnings, endowment or other funds

    beginning of year $35,774,700 · end of year $37,164,813

Mission and programs · 2024

Mission

Distribution of safe and reliable electricity to all our consumers while following our cooperative principals.

  • Distribution of electricity to retail customers on a cooperative basis.

As filed on the 2024 return.

Listed in Part VII

  • Thomas Walch

    CEO

    Total calculated
    $406,540
    From this org
    $329,403
    From related orgs
    $0
    Other
    $77,137
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $329,403
    Bonus
    not reported
    Other
    not reported
    Deferred
    $46,835
    Nontaxable benefits
    $30,302
    Filer's total
    $406,540

  • Derek Elder

    CAO

    Total calculated
    $267,636
    From this org
    $205,230
    From related orgs
    $0
    Other
    $62,406
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $205,230
    Bonus
    not reported
    Other
    not reported
    Deferred
    $28,206
    Nontaxable benefits
    $34,200
    Filer's total
    $267,636

  • Joseph Michlaewicz

    CFO

    Total calculated
    $263,020
    From this org
    $199,617
    From related orgs
    $0
    Other
    $63,403
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $199,617
    Bonus
    not reported
    Other
    not reported
    Deferred
    $28,103
    Nontaxable benefits
    $35,300
    Filer's total
    $263,020

  • Matthew Williams

    COO

    Total calculated
    $259,526
    From this org
    $213,505
    From related orgs
    $0
    Other
    $46,021
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $213,505
    Bonus
    not reported
    Other
    not reported
    Deferred
    $25,621
    Nontaxable benefits
    $20,400
    Filer's total
    $259,526

  • William Barlow

    Operations Manager

    Total calculated
    $199,190
    From this org
    $157,838
    From related orgs
    $0
    Other
    $41,352
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $157,838
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,987
    Nontaxable benefits
    $19,365
    Filer's total
    $199,190

  • Trevor Lettman

    Working Foreman

    Total calculated
    $189,957
    From this org
    $152,148
    From related orgs
    $0
    Other
    $37,809
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $152,148
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,105
    Nontaxable benefits
    $18,704
    Filer's total
    $189,957

  • Carolyn Sandeen-Hall

    Director

    Total calculated
    $13,520
    From this org
    $13,520
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Jesse Mease

    Board Vice President

    Total calculated
    $12,580
    From this org
    $12,580
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Brian Woods

    Board President

    Total calculated
    $12,445
    From this org
    $12,445
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Gary DeYoung

    Director

    Total calculated
    $12,400
    From this org
    $12,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Kyle Coltrinari

    Board SecretaryTreasurer

    Total calculated
    $12,150
    From this org
    $12,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Janie VanWinkle

    Director

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Joe Landini

    Director

    Total calculated
    $11,900
    From this org
    $11,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Joseph Burtard

    Director

    Total calculated
    $10,550
    From this org
    $10,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • William F Rooks

    Director

    Total calculated
    $7,400
    From this org
    $7,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Lindsay Gray

    Director

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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 · 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
2024
Filed
21 July 2025
IRS schema version
2024v5.2
Source object
202502209349301700

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