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Nonprofiteer
← RIVERLAND ENERGY COOPERATIVE

Form 990 for tax year 2023

Filed by RIVERLAND ENERGY COOPERATIVE.

Totals

Total revenue
$45,807,235
Total expenses
$45,727,051
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$43,737,505
Investment income
$1,982,151
Other revenue
$87,579
Total assets, end of year
$129,156,113
Total liabilities, end of year
$75,988,845
Net assets or fund balances, end of year
$53,167,268
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: PROGRAM SERVICE REVENUE

    total $43,737,505 · related or exempt $43,737,505

  • 3 · Investment income

    total $1,982,151 · related or exempt $1,982,151

  • 6a · Gross rents

    real property $7,457

  • 6c · Rental income or loss

    real property $7,457

  • 6d · Net rental income or loss

    total $7,457 · related or exempt $7,457

  • 10a · Gross sales of inventory

    $1,266

  • 10c · Net income from sales of inventory

    total $1,266 · related or exempt $1,266

  • 11a · Other revenue: OTHER

    total $78,856 · excluded $78,856

  • 11e · Other revenue, total

    $78,856

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,822,439

  • 5 · Compensation of officers, directors and key employees

    total $1,352,880

  • 20 · Interest

    total $2,874,153

  • 24a · Other expenses: COST OF PROVIDING SERVICE

    total $24,969,060

  • 24b · Other expenses: OPERATIONS & MAINTENANCE

    total $5,353,134

  • 24c · Other expenses: DEPRECIATION AND AMORTIZA

    total $4,987,145

  • 24d · Other expenses: CONSUMER, ADMIN, & GENERA

    total $1,767,978

  • 24e · All other expenses

    total $600,262

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $896,728 · end of year $1,208,793

  • 4 · Accounts receivable

    beginning of year $4,516,585 · end of year $4,629,892

  • 8 · Inventories for sale or use

    beginning of year $1,577,710 · end of year $1,576,813

  • 9 · Prepaid expenses and deferred charges

    beginning of year $109,145 · end of year $120,608

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

    $153,413,465

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

    $54,969,592

  • 10c · Land, buildings and equipment, net

    beginning of year $94,704,390 · end of year $98,443,873

  • 13 · Investments: program-related

    beginning of year $22,617,399 · end of year $22,426,978

  • 15 · Other assets

    beginning of year $897,338 · end of year $749,156

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,772,081 · end of year $5,251,821

  • 23 · Secured mortgages and notes payable

    beginning of year $67,107,488 · end of year $70,580,369

  • 25 · Other liabilities

    beginning of year $75,952 · end of year $156,655

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $51,363,774 · end of year $53,167,268

Mission and programs · 2023

Mission

TO PROVIDE COOPERATIVE MEMBERS WITH ELECTRICITY.

  • TO PROVIDE COOPERATIVE MEMBERS WITH ELECTRICITY.

As filed on the 2023 return.

Listed in Part VII

  • Timothy Holtan

    CEO

    Total calculated
    $258,456
    From this org
    $196,044
    From related orgs
    $0
    Other
    $62,412
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,044
    Bonus
    not reported
    Other
    not reported
    Deferred
    $40,662
    Nontaxable benefits
    $21,750
    Filer's total
    $258,456

  • Tyler Vitse

    LINEMAN

    Total calculated
    $175,525
    From this org
    $131,049
    From related orgs
    $0
    Other
    $44,476
    Hours/week
    48.55

    Schedule J breakdown matched by us

    Base
    $131,049
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,901
    Nontaxable benefits
    $21,575
    Filer's total
    $175,525

  • Todd Anibas

    LINEMAN

    Total calculated
    $168,994
    From this org
    $125,352
    From related orgs
    $0
    Other
    $43,642
    Hours/week
    48.5

    Schedule J breakdown matched by us

    Base
    $125,352
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,083
    Nontaxable benefits
    $21,559
    Filer's total
    $168,994

  • Royce Kosik

    LINEMAN

    Total calculated
    $168,585
    From this org
    $124,950
    From related orgs
    $0
    Other
    $43,635
    Hours/week
    48.24

    Schedule J breakdown matched by us

    Base
    $124,950
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,076
    Nontaxable benefits
    $21,559
    Filer's total
    $168,585

  • Adam Pronschinske

    LINEMAN

    Total calculated
    $168,158
    From this org
    $124,516
    From related orgs
    $0
    Other
    $43,642
    Hours/week
    48.04

    Schedule J breakdown matched by us

    Base
    $124,516
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,083
    Nontaxable benefits
    $21,559
    Filer's total
    $168,158

  • Dale Kircher

    LINEMAN

    Total calculated
    $167,821
    From this org
    $135,481
    From related orgs
    $0
    Other
    $32,340
    Hours/week
    48.11

    Schedule J breakdown matched by us

    Base
    $135,481
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,110
    Nontaxable benefits
    $10,230
    Filer's total
    $167,821

  • Dennis Frame

    BOARD SECRET

    Total calculated
    $15,225
    From this org
    $15,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Bernadine Zingsheim

    BOARD PRESID

    Total calculated
    $14,175
    From this org
    $14,175
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Filla Dan

    BOARD VICE P

    Total calculated
    $14,100
    From this org
    $14,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.5

  • Gary Dvoracek

    DIRECTOR

    Total calculated
    $13,075
    From this org
    $13,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.2

  • Bryce Lisowski

    DIRECTOR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • David Paudler

    DIRECTOR

    Total calculated
    $11,775
    From this org
    $11,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Cletus Foegen

    DIRECTOR

    Total calculated
    $10,625
    From this org
    $10,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Steven Hogden

    DIRECTOR

    Total calculated
    $9,250
    From this org
    $9,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Bradley Schmidtknect

    DIRECTOR

    Total calculated
    $7,400
    From this org
    $7,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Fran Fedie

    DIRECTOR

    Total calculated
    $2,675
    From this org
    $2,675
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • David Anderson

    DIRECTOR

    Total calculated
    $2,575
    From this org
    $2,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

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
2023
Filed
11 November 2024
IRS schema version
2023v5.0
Source object
202443179349302584

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