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Nonprofiteer
← ROUGHRIDER ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by ROUGHRIDER ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$87,072,247
Total expenses
$87,072,247
Contributions and grants received
$0
Grants paid
$47,233
Program service revenue
$78,026,494
Investment income
$224,365
Other revenue
$8,821,388
Total assets, end of year
$318,483,164
Total liabilities, end of year
$189,478,715
Net assets or fund balances, end of year
$129,004,449
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: ELECTRIC SALES

    total $77,798,890 · related or exempt $77,798,890

  • 2b · Program service revenue: QUALIFIED POLE RENTALS

    total $227,604 · excluded $227,604

  • 3 · Investment income

    total $224,365 · excluded $224,365

  • 10a · Gross sales of inventory

    $58,802

  • 10b · Cost of goods sold

    $9,845

  • 10c · Net income from sales of inventory

    total $48,957 · unrelated business $48,957

  • 11a · Other revenue: CAPITAL CREDITS

    total $6,197,028 · related or exempt $6,197,028

  • 11b · Other revenue: OTHER

    total $2,602,848 · related or exempt $2,602,848

  • 11c · Other revenue: K-1 WDUS HOLDINGS

    total -$27,445 · unrelated business -$27,445

  • 11e · Other revenue, total

    $8,772,431

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $47,233

  • 4 · Benefits paid to or for members

    total $18,517,547

  • 5 · Compensation of officers, directors and key employees

    total $263,066

  • 7 · Other salaries and wages

    total $643,078

  • 8 · Pension plan contributions

    total $942,183

  • 11a · Fees: management

    total $430,735

  • 20 · Interest

    total $4,861,578

  • 22 · Depreciation, depletion and amortization

    total $7,026,860

  • 24a · Other expenses: COST OF POWER

    total $46,471,320

  • 24b · Other expenses: DISTRIBUTION - MAINTENA

    total $2,465,858

  • 24c · Other expenses: DISTRIBUTION - OPERATIO

    total $2,285,935

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $782,079

  • 24e · All other expenses

    total $2,334,775

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,423,147 · end of year $6,866,438

  • 2 · Savings and temporary cash investments

    beginning of year $22,101,660 · end of year $7,852,804

  • 4 · Accounts receivable

    beginning of year $7,327,966 · end of year $8,333,507

  • 7 · Other notes and loans receivable

    beginning of year $106,338 · end of year $72,592

  • 8 · Inventories for sale or use

    beginning of year $4,767,419 · end of year $6,544,866

  • 9 · Prepaid expenses and deferred charges

    beginning of year $493,832 · end of year $417,545

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

    $310,224,134

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

    $65,958,885

  • 10c · Land, buildings and equipment, net

    beginning of year $229,265,457 · end of year $244,265,249

  • 12 · Investments: other securities

    beginning of year $39,661,522 · end of year $44,130,163

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,712,262 · end of year $8,602,169

  • 23 · Secured mortgages and notes payable

    beginning of year $180,007,165 · end of year $178,281,203

  • 25 · Other liabilities

    beginning of year $3,862,426 · end of year $2,595,343

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $115,565,488 · end of year $129,004,449

Mission and programs · 2022

Mission

MEMBERSHIPWE WILL PLACE THE MEMBER FIRST IN DETERMINING POLICIES AND PROCEDURES.WE WILL STRIVE TO KEEP THE MEMBERSHIP INFORMED AND INVOLVED IN THEIR COOPERATIVE.SERVICEWE ARE COMMITTED AT EVERY LEVEL TO MAINTAIN AND PROVIDE THE HIGHEST STANDARD OF SERVICE.FINANCIAL WE ARE COMMITTED TO KEEPING THE COOPERATIVE FINANCIALLY STRONG THROUGH PRUDENT BUSINESS PRACTICES.GROWTHWE WILL REMAIN OPEN TO OPPORTUNITIES FOR GROWTH WHICH WILL BENEFIT THE MEMBERSHIP.EMPLOYEESWE RECOGNIZE OUR EMPLOYEES AS AN IMPORTANT ASSET OF THE COOPERATIVE.WE WILL PROVIDE AN ATMOSPHERE WHERE ALL EMPLOYEES CAN PERFORM AT THEIR MAXIMUM POTENTIAL AND ABILITY.BOARD AND MANAGEMENTTHE BOARD AND MANAGEMENT ARE COMMITTED TO BEING INNOVATIVE, INFORMED AND PROGRESSIVE IN THEIR ROLE AS LEADERS OF THE COOPERATIVE AND THE AREA IT SERVES. WE, THE BOARD OF DIRECTORS, MANAGEMENT AND EMPLOYEES, ARE COMMITTED IN A UNITED EFFORT TO CARRY OUT THIS MISSION.

Activities or mission (Part I)

THE ORGANIZATION DELIVERS ELECTRIC ENERGY TO MEMBERS.

  • THE COOPERATIVE IS A DISTRIBUTION ELECTRIC UTILITY SERVING CUSTOMERS IN SIX COUNTIES.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Roger Kudrna

    VICE PRESIDENT

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.67

  • Darell Herman

    DIRECTOR

    Total calculated
    $7,250
    From this org
    $7,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.46

  • Troy Sailer

    SECRETARY

    Total calculated
    $7,050
    From this org
    $7,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.25

  • Bruce Darcy

    TREASURER

    Total calculated
    $6,800
    From this org
    $6,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5

  • William Retterath

    DIRECTOR

    Total calculated
    $6,150
    From this org
    $6,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.77

  • Arnold Kainz

    DIRECTOR

    Total calculated
    $9,850
    From this org
    $9,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.46

  • Dan Price

    DIRECTOR

    Total calculated
    $9,250
    From this org
    $9,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.63

  • Callen Schoch

    DIRECTOR

    Total calculated
    $8,700
    From this org
    $8,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.92

  • Greg Steckler

    PRESIDENT

    Total calculated
    $10,950
    From this org
    $10,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.81

  • Travis Kupper Iea

    CO-MANAGER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Don Franklund Iea

    CO-MANAGER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Alex Craigmile Iea

    CFO

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Jason Bentz

    OPERATIONS MANAGER

    Total calculated
    $371,926
    From this org
    $186,566
    From related orgs
    $0
    Other
    $185,360
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,566
    Bonus
    $0
    Other
    $0
    Deferred
    $152,702
    Nontaxable benefits
    $32,658
    Filer's total
    $371,926

  • Shawn Olson

    WORKING FOREMAN

    Total calculated
    $247,363
    From this org
    $134,880
    From related orgs
    $0
    Other
    $112,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,880
    Bonus
    $0
    Other
    $0
    Deferred
    $83,251
    Nontaxable benefits
    $29,232
    Filer's total
    $247,363

  • Russel Walters

    JOURNEYMAN LINEMAN

    Total calculated
    $230,342
    From this org
    $117,617
    From related orgs
    $0
    Other
    $112,725
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,617
    Bonus
    $0
    Other
    $0
    Deferred
    $83,800
    Nontaxable benefits
    $28,925
    Filer's total
    $230,342

  • Laurie Miller

    MAPPING/DATABASE ADMIN

    Total calculated
    $221,618
    From this org
    $128,285
    From related orgs
    $0
    Other
    $93,333
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,285
    Bonus
    $0
    Other
    $0
    Deferred
    $63,261
    Nontaxable benefits
    $30,072
    Filer's total
    $221,618

  • Leonard H Hibl

    DIRECTOR-MEMBER SERVICES

    Total calculated
    $221,033
    From this org
    $137,808
    From related orgs
    $0
    Other
    $83,225
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,808
    Bonus
    $0
    Other
    $0
    Deferred
    $65,026
    Nontaxable benefits
    $18,199
    Filer's total
    $221,033

  • Scott Leintz

    JOURNEYMAN LINEMAN

    Total calculated
    $206,625
    From this org
    $124,488
    From related orgs
    $0
    Other
    $82,137
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,488
    Bonus
    $0
    Other
    $0
    Deferred
    $77,490
    Nontaxable benefits
    $4,647
    Filer's total
    $206,625

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 · Written employment contract

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WDUS HOLDINGS LLC

    UNRELATED · POWER LINE CONSTRUCTION AND MAINTENANCE · ND · 33.33% owned · share of income -$51,144 · share of assets $1,855,951 · general or managing partner

Provenance

Return type
form_990
Tax year
2022
Filed
5 September 2023
IRS schema version
2022v5.0
Source object
202342769349301169

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