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Nonprofiteer
← N W ELECTRIC POWER COOPERATIVE INC

Form 990 for tax year 2023

Filed by N W ELECTRIC POWER COOPERATIVE INC.

Totals

Total revenue
$117,187,744
Total expenses
$117,187,744
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$116,215,711
Investment income
$935,341
Other revenue
$36,692
Total assets, end of year
$290,005,561
Total liabilities, end of year
$190,203,394
Net assets or fund balances, end of year
$99,802,167
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: Wholesale Electric

    total $107,175,247 · related or exempt $107,175,247

  • 2b · Program service revenue: Capital Credits

    total $7,412,450 · related or exempt $7,412,450

  • 2c · Program service revenue: Wheeling Revenue

    total $1,781,582 · related or exempt $1,781,582

  • 2d · Program service revenue: Other Revenue

    total -$153,568 · related or exempt -$153,568

  • 3 · Investment income

    total $1,059,239 · excluded $1,059,239

  • 6a · Gross rents

    personal property $115,087

  • 6b · Less rental expenses

    personal property $78,395

  • 6c · Rental income or loss

    personal property $36,692

  • 6d · Net rental income or loss

    total $36,692 · unrelated business $36,692

  • 7a · Gross sales of assets other than inventory

    other assets $57,458

  • 7b · Less cost or other basis and sales expenses

    other assets $181,356

  • 7c · Gain or loss

    other assets -$123,898

  • 7d · Net gain or loss

    total -$123,898 · related or exempt -$123,898

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $4,872,366

  • 5 · Compensation of officers, directors and key employees

    total $2,208,862

  • 7 · Other salaries and wages

    total $1,348,510

  • 20 · Interest

    total $5,754,559

  • 22 · Depreciation, depletion and amortization

    total $6,830,325

  • 24a · Other expenses: Power Supply

    total $83,802,426 · program services $83,802,426

  • 24b · Other expenses: Transmission

    total $7,263,863 · program services $7,263,863

  • 24c · Other expenses: Administrative & General

    total $3,006,123 · program services $3,006,123

  • 24d · Other expenses: Member Services

    total $243,835 · program services $243,835

  • 24e · All other expenses

    total $1,856,875

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,061,773 · end of year $4,586,834

  • 4 · Accounts receivable

    beginning of year $13,878,737 · end of year $15,591,473

  • 8 · Inventories for sale or use

    beginning of year $4,042,545 · end of year $5,792,197

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,126,067 · end of year $1,119,121

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

    $279,481,587

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

    $113,405,160

  • 10c · Land, buildings and equipment, net

    beginning of year $157,299,188 · end of year $166,076,427

  • 13 · Investments: program-related

    beginning of year $86,839,082 · end of year $92,201,707

  • 15 · Other assets

    beginning of year $2,798,011 · end of year $4,637,802

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,838,402 · end of year $25,635,031

  • 19 · Deferred revenue

    beginning of year $9,912,781 · end of year $12,162,781

  • 23 · Secured mortgages and notes payable

    beginning of year $134,382,442 · end of year $137,113,551

  • 25 · Other liabilities

    beginning of year $22,418,164 · end of year $15,292,031

  • 29 · Capital stock, trust principal or current funds

    beginning of year $800 · end of year $800

  • 31 · Retained earnings, endowment or other funds

    beginning of year $98,492,814 · end of year $99,801,367

Mission and programs · 2023

Mission

N.W. Electric Power Cooperative was formed by its member cooperatives to provide electric energy as described in IRC Section 501(c)(12)(b)

  • Rural electric cooperative operated as a transmission source of electric power for its member electric cooperatives

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David McDowell

    CEO General Manager

    Total calculated
    $693,183
    From this org
    $481,902
    From related orgs
    $0
    Other
    $211,281
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $481,902
    Bonus
    not reported
    Other
    not reported
    Deferred
    $195,513
    Nontaxable benefits
    $15,768
    Filer's total
    $693,183

  • Kent Brown

    CFO 2nd Assistant Secretary

    Total calculated
    $445,871
    From this org
    $310,042
    From related orgs
    $0
    Other
    $135,829
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $310,042
    Bonus
    not reported
    Other
    not reported
    Deferred
    $119,424
    Nontaxable benefits
    $16,405
    Filer's total
    $445,871

  • John Stickley

    VP of Engineering & Operation

    Total calculated
    $444,821
    From this org
    $307,271
    From related orgs
    $0
    Other
    $137,550
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $307,271
    Bonus
    not reported
    Other
    not reported
    Deferred
    $116,360
    Nontaxable benefits
    $21,190
    Filer's total
    $444,821

  • Bryon Roach

    VP Public Relations & Special

    Total calculated
    $364,587
    From this org
    $243,586
    From related orgs
    $0
    Other
    $121,001
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $243,586
    Bonus
    not reported
    Other
    not reported
    Deferred
    $101,529
    Nontaxable benefits
    $19,472
    Filer's total
    $364,587

  • Ashley Leazenby

    VP of Human Resources & Info

    Total calculated
    $360,440
    From this org
    $260,999
    From related orgs
    $0
    Other
    $99,441
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,999
    Bonus
    not reported
    Other
    not reported
    Deferred
    $78,251
    Nontaxable benefits
    $21,190
    Filer's total
    $360,440

  • Mark Ramsey

    Manager of Operations

    Total calculated
    $305,511
    From this org
    $180,724
    From related orgs
    $0
    Other
    $124,787
    Hours/week
    54

    Schedule J breakdown matched by us

    Base
    $180,724
    Bonus
    not reported
    Other
    not reported
    Deferred
    $103,597
    Nontaxable benefits
    $21,190
    Filer's total
    $305,511

  • Lance Williams

    Field Construction Supervisor

    Total calculated
    $230,848
    From this org
    $160,236
    From related orgs
    $0
    Other
    $70,612
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $160,236
    Bonus
    not reported
    Other
    not reported
    Deferred
    $49,422
    Nontaxable benefits
    $21,190
    Filer's total
    $230,848

  • Brannon Bischoff

    Manager of Substation Enginee

    Total calculated
    $230,379
    From this org
    $176,010
    From related orgs
    $0
    Other
    $54,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,010
    Bonus
    not reported
    Other
    not reported
    Deferred
    $33,179
    Nontaxable benefits
    $21,190
    Filer's total
    $230,379

  • Chris Koch

    Manager of Planning & Operati

    Total calculated
    $221,334
    From this org
    $155,548
    From related orgs
    $0
    Other
    $65,786
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $155,548
    Bonus
    not reported
    Other
    not reported
    Deferred
    $44,596
    Nontaxable benefits
    $21,190
    Filer's total
    $221,334

  • Duane Klute

    Vice President

    Total calculated
    $27,900
    From this org
    $27,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    43

  • Robert Simmons

    Director

    Total calculated
    $26,850
    From this org
    $26,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    29

  • Richard Moore

    Director

    Total calculated
    $24,450
    From this org
    $24,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    42

  • James Bagley

    Assistant Secretary

    Total calculated
    $24,450
    From this org
    $24,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    29

  • Scott Wilson

    Director

    Total calculated
    $22,650
    From this org
    $22,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    23

  • Loren Haines

    Secretary

    Total calculated
    $22,650
    From this org
    $22,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    23

  • Dave Deihl

    President

    Total calculated
    $22,050
    From this org
    $22,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    29

  • Michael Newland

    Director

    Total calculated
    $20,250
    From this org
    $20,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    21

  • John Killgore

    Director

    Total calculated
    $18,150
    From this org
    $18,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    42

  • Larry Leachman

    Director

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Leroy Kern

    Former Director

    Total calculated
    $15,300
    From this org
    $15,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    23

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    $15,300
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $15,300

  • Melvin Scott

    Director

    Total calculated
    $10,800
    From this org
    $10,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    23

  • Don Smith

    Director

    Total calculated
    $3,750
    From this org
    $3,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Toni Cox

    Director

    Total calculated
    $2,250
    From this org
    $2,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • Kevin DeChant

    Director

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

  • Mike Sanders

    Former Director

    Total calculated
    $0
    Hours/week
    26

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Rod Colton

    Former Director

    Total calculated
    $0
    Hours/week
    26

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

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 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NW Service Company LLC

    Electric Service Company · MO · income $115,087 · assets $524,718

    Directly controlled by NW Electric Power Cooperative

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403189349310235

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