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Nonprofiteer
← BRIDGER VALLEY ELECTRIC ASSOCIATION INC

Form 990 for tax year 2024

Filed by BRIDGER VALLEY ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$14,346,493
Total expenses
$14,220,991
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,063,214
Investment income
$284,896
Other revenue
-$1,617
Total assets, end of year
$30,005,213
Total liabilities, end of year
$9,649,925
Net assets or fund balances, end of year
$20,355,288
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 $13,373,913 · related or exempt $13,373,913

  • 2b · Program service revenue: Internet Service Sales

    total $679,549 · related or exempt $679,549

  • 2c · Program service revenue: Pole Rentals

    total $1,200 · related or exempt $1,200

  • 2d · Program service revenue: Contract Work

    total $8,552 · related or exempt $8,552

  • 3 · Investment income

    total $237,496 · related or exempt $138,711 · excluded $98,785

  • 7a · Gross sales of assets other than inventory

    other assets $47,400

  • 7c · Gain or loss

    other assets $47,400

  • 7d · Net gain or loss

    total $47,400 · related or exempt $47,400

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $25,336

  • 10b · Cost of goods sold

    $26,953

  • 10c · Net income from sales of inventory

    total -$1,617 · unrelated business -$1,617

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $935,938

  • 5 · Compensation of officers, directors and key employees

    total $161,500

  • 7 · Other salaries and wages

    total $2,559,300

  • 8 · Pension plan contributions

    total $150,987

  • 9 · Other employee benefits

    total $59,108

  • 10 · Payroll taxes

    total $226,955

  • 11b · Fees: legal

    total $7,974

  • 12 · Advertising and promotion

    total $73,551

  • 13 · Office expenses

    total $325,105

  • 19 · Conferences, conventions and meetings

    total $272,748

  • 20 · Interest

    total $324,428

  • 22 · Depreciation, depletion and amortization

    total $141,863

  • 23 · Insurance

    total $138,175

  • 24a · Other expenses: Property taxes

    total $102,507 · program services $102,507

  • 24b · Other expenses: Cost of purchased power

    total $5,253,128 · program services $5,253,128

  • 24c · Other expenses: Transmission & distrubution

    total $2,696,821 · program services $2,696,821

  • 24d · Other expenses: Administration & general

    total $2,076,267 · program services $2,076,267

  • 24e · All other expenses

    total -$1,285,364

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,253,596 · end of year $1,394,805

  • 4 · Accounts receivable

    beginning of year $1,604,625 · end of year $1,672,368

  • 8 · Inventories for sale or use

    beginning of year $712,034 · end of year $660,846

  • 9 · Prepaid expenses and deferred charges

    beginning of year $235,838 · end of year $282,696

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

    $52,361,523

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

    $28,237,550

  • 10c · Land, buildings and equipment, net

    beginning of year $24,246,690 · end of year $24,123,973

  • 13 · Investments: program-related

    beginning of year $1,278,851 · end of year $1,281,636

  • 15 · Other assets

    beginning of year $652,778 · end of year $588,889

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,932,946 · end of year $2,075,863

  • 23 · Secured mortgages and notes payable

    beginning of year $7,310,806 · end of year $6,932,001

  • 25 · Other liabilities

    beginning of year $678,603 · end of year $642,061

  • 31 · Retained earnings, endowment or other funds

    beginning of year $20,062,057 · end of year $20,355,288

Mission and programs · 2024

Mission

To provide electric power and internet to its members.

  • Sold electric and internet utility services to its members.

As filed on the 2024 return.

Listed in Part VII

  • Andrew Hewitt

    General Manager

    Total calculated
    $210,079
    From this org
    $149,232
    From related orgs
    $0
    Other
    $60,847
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $145,480
    Bonus
    not reported
    Other
    $3,752
    Deferred
    $26,100
    Nontaxable benefits
    $34,747
    Filer's total
    $210,079

  • Justin Sweep

    Finance Manager

    Total calculated
    $199,422
    From this org
    $141,281
    From related orgs
    $0
    Other
    $58,141
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $140,373
    Bonus
    not reported
    Other
    $908
    Deferred
    $23,508
    Nontaxable benefits
    $34,633
    Filer's total
    $199,422

  • Bobby Larsen

    Operations Manager

    Total calculated
    $196,612
    From this org
    $138,630
    From related orgs
    $0
    Other
    $57,982
    Hours/week
    41

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $133,162
    Bonus
    $3,600
    Other
    $1,868
    Deferred
    $23,355
    Nontaxable benefits
    $34,627
    Filer's total
    $196,612

  • Dale Madsen

    Tech Services Manager

    Total calculated
    $192,807
    From this org
    $137,485
    From related orgs
    $0
    Other
    $55,322
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $132,753
    Bonus
    $3,600
    Other
    $1,132
    Deferred
    $20,808
    Nontaxable benefits
    $34,514
    Filer's total
    $192,807

  • Eldon McCreath

    Journeyman Lineman

    Total calculated
    $187,252
    From this org
    $132,453
    From related orgs
    $0
    Other
    $54,799
    Hours/week
    43

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $129,408
    Bonus
    $1,600
    Other
    $1,445
    Deferred
    $20,307
    Nontaxable benefits
    $34,492
    Filer's total
    $187,252

  • Matt Richards

    Journeyman Lineman

    Total calculated
    $186,488
    From this org
    $131,426
    From related orgs
    $0
    Other
    $55,062
    Hours/week
    43

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $128,983
    Bonus
    $1,600
    Other
    $843
    Deferred
    $20,552
    Nontaxable benefits
    $34,510
    Filer's total
    $186,488

  • Waylon Willett

    Journeyman Lineman

    Total calculated
    $182,546
    From this org
    $128,434
    From related orgs
    $0
    Other
    $54,112
    Hours/week
    43

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $126,386
    Bonus
    $1,600
    Other
    $448
    Deferred
    $20,038
    Nontaxable benefits
    $34,074
    Filer's total
    $182,546

  • Clark Anderson

    Director

    Total calculated
    $28,000
    From this org
    $28,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Ruth Rees

    Secretary-Treasurer

    Total calculated
    $26,200
    From this org
    $26,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Marvin Applequist

    President

    Total calculated
    $24,900
    From this org
    $24,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Gary Nix

    Vice President

    Total calculated
    $21,200
    From this org
    $21,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Rick Maxfield

    Director

    Total calculated
    $20,400
    From this org
    $20,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jason Haycock

    Director

    Total calculated
    $20,400
    From this org
    $20,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Lacee Bernard

    Director

    Total calculated
    $20,400
    From this org
    $20,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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
6 November 2025
IRS schema version
2024v5.2
Source object
202503109349301740

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