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Nonprofiteer
← LACREEK ELECTRIC ASSOCIATION INC

Form 990 for tax year 2025

Filed by LACREEK ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$17,472,938
Total expenses
$17,206,786
Contributions and grants received
$0
Grants paid
$5,000
Program service revenue
$17,287,777
Investment income
$184,663
Other revenue
$498
Total assets, end of year
$69,840,159
Total liabilities, end of year
$44,119,640
Net assets or fund balances, end of year
$25,720,519
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: SALE OF ELECTRICITY

    total $16,151,409 · related or exempt $16,151,409

  • 2b · Program service revenue: OTHER REVENUE

    total $570,041 · related or exempt $570,041

  • 2c · Program service revenue: COOP CAPITAL CREDITS

    total $566,327 · related or exempt $566,327

  • 3 · Investment income

    total $184,663 · excluded $184,663

  • 10a · Gross sales of inventory

    $29,467

  • 10b · Cost of goods sold

    $28,969

  • 10c · Net income from sales of inventory

    total $498 · related or exempt $498

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000

  • 4 · Benefits paid to or for members

    total $730,661

  • 5 · Compensation of officers, directors and key employees

    total $467,147

  • 6 · Compensation of disqualified persons

    total $236,972

  • 7 · Other salaries and wages

    total $2,164,479

  • 8 · Pension plan contributions

    total $356,020

  • 10 · Payroll taxes

    total $197,862

  • 20 · Interest

    total $1,151,986

  • 22 · Depreciation, depletion and amortization

    total $2,418,324

  • 24a · Other expenses: COST OF POWER

    total $8,511,241

  • 24b · Other expenses: ADMIN & GENERAL

    total $1,400,028

  • 24c · Other expenses: DISTRIBUTION-MAINTENANC

    total $1,146,807

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $550,999

  • 24e · All other expenses

    total -$2,130,740

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,745,013 · end of year $3,269,306

  • 4 · Accounts receivable

    beginning of year $1,554,569 · end of year $1,799,079

  • 8 · Inventories for sale or use

    beginning of year $3,531,092 · end of year $2,611,695

  • 9 · Prepaid expenses and deferred charges

    beginning of year $833,729 · end of year $704,244

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

    $86,252,750

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

    $34,494,815

  • 10c · Land, buildings and equipment, net

    beginning of year $51,029,194 · end of year $51,757,935

  • 12 · Investments: other securities

    beginning of year $651,201 · end of year $663,045

  • 13 · Investments: program-related

    beginning of year $8,889,152 · end of year $9,034,855

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,443,937 · end of year $1,546,330

  • 23 · Secured mortgages and notes payable

    beginning of year $39,945,030 · end of year $41,352,961

  • 25 · Other liabilities

    beginning of year $1,314,943 · end of year $1,220,349

  • 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 $25,530,040 · end of year $25,720,519

Mission and programs · 2025

Mission

TO PROVIDE OUR SERVICE TERRITORY WITH SAFE AND RELIABLE SERVICE AT THE LOWEST POSSIBLE COST, WHILE ADVANCING THE QUALITY OF LIFE BY STAYING ABREAST OF THE LATEST TECHNOLOGY AVAILABLE IN OUR INDUSTRY.

Activities or mission (Part I)

TO PROVIDE ELECTRIC SERVICE TO MEMBERS.

  • PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 4,313 MEMBERS ON 3,189 MILES OF LINE.

As filed on the 2025 return.

Listed in Part VII

  • Brent Ireland

    VICE PRESIDENT/PRESIDENT

    Total calculated
    $7,249
    From this org
    $7,249
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Troy Kuxhaus

    BOARD MEMBER/VICE PRESIDENT

    Total calculated
    $7,653
    From this org
    $7,653
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Cole Lange

    BOARD MEMBER/SECRETARY

    Total calculated
    $5,027
    From this org
    $5,027
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Scott Larson

    SECRETARY/TREASURER

    Total calculated
    $3,800
    From this org
    $3,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Clarence Allen

    BOARD MEMBER

    Total calculated
    $5,748
    From this org
    $5,748
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Clifford Lafferty

    BOARD MEMBER

    Total calculated
    $5,056
    From this org
    $5,056
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Hadley Livermont

    BOARD MEMBER AS OF APR 2025

    Total calculated
    $6,571
    From this org
    $6,571
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Michel Melvin

    BOARD MEMBER AS OF SEPT 2025

    Total calculated
    $1,751
    From this org
    $1,751
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Wade Risse

    PRESIDENT/BOARD MEMBER

    Total calculated
    $7,610
    From this org
    $7,610
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Thomas Schlack

    TREASURER/BOARD MEMBER

    Total calculated
    $8,346
    From this org
    $8,346
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Marion Schultz

    BOARD MEMBER

    Total calculated
    $12,401
    From this org
    $12,401
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Gerald Sharp

    BOARD MEMBER

    Total calculated
    $5,027
    From this org
    $5,027
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Connie Whirlwind Horse

    BOARD MEMBER

    Total calculated
    $5,027
    From this org
    $5,027
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Neal Livermont

    BOARD MEMBER UNTIL APR 2025

    Total calculated
    $1,083
    From this org
    $1,083
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Donovan Youngman

    BOARD MEMBER UNTIL MAR 2025

    Total calculated
    $722
    From this org
    $722
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Josh Fanning

    GENERAL MANAGER

    Total calculated
    $241,845
    From this org
    $161,417
    From related orgs
    $0
    Other
    $80,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,971
    Bonus
    $271
    Other
    $1,175
    Deferred
    $44,620
    Nontaxable benefits
    $38,402
    Filer's total
    $244,439

  • Kasi Harris

    FINANCE MANAGER

    Total calculated
    $142,525
    From this org
    $88,474
    From related orgs
    $0
    Other
    $54,051
    Hours/week
    40

  • Michael Pisha

    LINE SUPERINTENDENT

    Total calculated
    $180,120
    From this org
    $129,502
    From related orgs
    $0
    Other
    $50,618
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,278
    Bonus
    $271
    Other
    $4,953
    Deferred
    $34,222
    Nontaxable benefits
    $18,700
    Filer's total
    $182,424

  • Jesse Byerley

    LINE FOREMAN

    Total calculated
    $172,137
    From this org
    $116,029
    From related orgs
    $0
    Other
    $56,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,414
    Bonus
    $271
    Other
    $344
    Deferred
    $24,258
    Nontaxable benefits
    $33,750
    Filer's total
    $174,037

  • Kody Hagen

    JOURNEYMAN LINEMAN

    Total calculated
    $151,300
    From this org
    $117,103
    From related orgs
    $0
    Other
    $34,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,660
    Bonus
    $271
    Other
    $172
    Deferred
    $8,114
    Nontaxable benefits
    $27,834
    Filer's total
    $153,051

  • Garrett Lovell-Metzinger

    JOURNEYMAN LINEMAN

    Total calculated
    $156,092
    From this org
    $106,321
    From related orgs
    $0
    Other
    $49,771
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $105,818
    Bonus
    $271
    Other
    $232
    Deferred
    $18,045
    Nontaxable benefits
    $33,481
    Filer's total
    $157,847

  • Damon Wangerin

    JOURNEYMAN LINEMAN

    Total calculated
    $149,118
    From this org
    $104,960
    From related orgs
    $0
    Other
    $44,158
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,446
    Bonus
    $271
    Other
    $243
    Deferred
    $14,782
    Nontaxable benefits
    $31,143
    Filer's total
    $150,885

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 committee
  • 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

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN (C)
INCLUDED IN PART II, COLUMN (C) IS THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN : MICHAEL PISHA $27,893 JESSE BYERLEY $18,974 JOSH FANNING $36,708 KODY HAGEN $3,311 GARRETT METZINGER $13,241 DAMON WANGERIN $11,204 THE COOPERATIVE'S ACTUAL EXPENSE FOR PARTICIPATION IN THIS PLAN IN 2025 WAS: MICHAEL PISHA $21,022 JESSE BYERLEY $19,585 JOSH FANNING $29,419 KODY HAGEN $17,804 GARRETT METZINGER $17,804 DAMON WANGERIN $17,804

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.

Provenance

Return type
form_990
Tax year
2025
Filed
24 June 2026
IRS schema version
2025v4.2
Source object
202611769349300821

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