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Nonprofiteer
← TONGUE RIVER ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by TONGUE RIVER ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$13,605,264
Total expenses
$12,931,205
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$12,963,360
Investment income
$24,628
Other revenue
$617,276
Total assets, end of year
$37,778,195
Total liabilities, end of year
$23,177,456
Net assets or fund balances, end of year
$14,600,739
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: UTILITIES & SERVICES

    total $12,963,360 · related or exempt $12,963,360

  • 3 · Investment income

    total $24,628 · related or exempt $24,628

  • 11a · Other revenue: PATRONAGE CAPITAL CREDITS

    total $617,117 · related or exempt $617,117

  • 11b · Other revenue: MERCHANDISING

    total $159 · related or exempt $159

  • 11e · Other revenue, total

    $617,276

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $306,917

  • 5 · Compensation of officers, directors and key employees

    total $456,034

  • 7 · Other salaries and wages

    total $200,545

  • 9 · Other employee benefits

    total $113,403

  • 11b · Fees: legal

    total $3,862

  • 11c · Fees: accounting

    total $10,700

  • 11d · Fees: lobbying

    total $1,146

  • 13 · Office expenses

    total $81,982

  • 19 · Conferences, conventions and meetings

    total $37,494

  • 20 · Interest

    total $850,164

  • 22 · Depreciation, depletion and amortization

    total $1,381,388

  • 23 · Insurance

    total $6,309

  • 24a · Other expenses: COST OF POWER

    total $6,071,809

  • 24b · Other expenses: DISTRIBUTION OPERATIONS

    total $1,728,930

  • 24c · Other expenses: DISTRIBUTION MAINTENANC

    total $838,129

  • 24d · Other expenses: TRANSMISSION EXPENSE

    total $163,255

  • 24e · All other expenses

    total $679,138

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $345,679 · end of year $123,699

  • 2 · Savings and temporary cash investments

    beginning of year $189,025 · end of year $69,003

  • 4 · Accounts receivable

    beginning of year $969,643 · end of year $969,672

  • 8 · Inventories for sale or use

    beginning of year $978,412 · end of year $1,269,316

  • 9 · Prepaid expenses and deferred charges

    beginning of year $70,280 · end of year $129,402

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

    $51,107,049

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

    $20,498,364

  • 10c · Land, buildings and equipment, net

    beginning of year $30,798,105 · end of year $30,608,685

  • 13 · Investments: program-related

    beginning of year $3,503,205 · end of year $4,076,543

  • 15 · Other assets

    beginning of year $668,840 · end of year $531,875

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,043,263 · end of year $882,240

  • 23 · Secured mortgages and notes payable

    beginning of year $21,667,628 · end of year $21,462,359

  • 25 · Other liabilities

    beginning of year $885,618 · end of year $832,857

  • 29 · Capital stock, trust principal or current funds

    beginning of year $28,730 · end of year $26,750

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

    beginning of year $3,554,009 · end of year $3,745,320

  • 31 · Retained earnings, endowment or other funds

    beginning of year $10,343,941 · end of year $10,828,669

Mission and programs · 2023

Mission

RURAL ELECTRIC COOPERATIVE PROVIDING ELECTRICAL ENERGY AND SERVICES TO ITS MEMBERS AND PATRONS LOCATED IN THE SOUTHEASTERN PORTION OF MONTANA.

Activities or mission (Part I)

RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICITY AND SERVICES TO ITS MEMBERS LOCATED IN RURAL MONTANA

  • RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL POWER AND UTILITIES SERVICES TO APPROXIMATELY 2,641 MEMBERS IN THE SOUTHEASTERN PORTION OF MONTANA.

As filed on the 2023 return.

Listed in Part VII

  • Dee Dee Isaacs

    ASSISTANT SEC/TREAS

    Total calculated
    $7,313
    From this org
    $7,313
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.67

  • Jim Collins

    PRESIDENT

    Total calculated
    $13,663
    From this org
    $13,663
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.63

  • Vicky Tusler

    DIRECTOR

    Total calculated
    $4,875
    From this org
    $4,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.6

  • Diana McLean

    NORTHERN CHEYENNE REPRESEN

    Total calculated
    $6,825
    From this org
    $6,825
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.83

  • Gary P Helm

    SECRETARY TREASURER

    Total calculated
    $6,175
    From this org
    $6,175
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.88

  • Craig Randall

    DIRECTOR

    Total calculated
    $3,900
    From this org
    $3,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Richard Hamilton

    DIRECTOR

    Total calculated
    $4,713
    From this org
    $4,713
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.24

  • Robert Janssen

    DIRECTOR

    Total calculated
    $5,850
    From this org
    $5,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.52

  • Curtis Elkshoulder Jr

    DIRECTOR

    Total calculated
    $2,275
    From this org
    $2,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.96

  • Forest Dunning

    VICE PRESIDENT

    Total calculated
    $6,500
    From this org
    $6,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.08

  • Tary Hanson

    GENERAL MANAGER

    Total calculated
    $231,138
    From this org
    $155,473
    From related orgs
    $0
    Other
    $75,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,473
    Bonus
    $0
    Other
    $0
    Deferred
    $46,066
    Nontaxable benefits
    $29,599
    Filer's total
    $231,138

  • Brian Torgerson

    CONTROLLER

    Total calculated
    $162,807
    From this org
    $103,483
    From related orgs
    $0
    Other
    $59,324
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,483
    Bonus
    $0
    Other
    $0
    Deferred
    $30,563
    Nontaxable benefits
    $28,761
    Filer's total
    $162,807

  • Timothy M Stradinger

    LINEMAN

    Total calculated
    $109,395
    From this org
    $109,395
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Miles P Dennis

    LINEMAN

    Total calculated
    $110,127
    From this org
    $110,127
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Brent N Helm

    LINEMAN

    Total calculated
    $105,737
    From this org
    $105,737
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Gary D Bartlett

    LINEMAN

    Total calculated
    $105,267
    From this org
    $105,267
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jeffrey T Ryan

    LINEMAN

    Total calculated
    $101,842
    From this org
    $101,842
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • 2 · Substantiation required before reimbursing expenses
  • 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
2023
Filed
23 May 2024
IRS schema version
2023v5.0
Source object
202401589349300725

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