Totals
- Total revenue
- $51,384,286
- Total expenses
- $51,384,286
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $50,955,409
- Investment income
- $437,676
- Other revenue
- -$8,799
- Total assets, end of year
- $127,444,029
- Total liabilities, end of year
- $72,817,663
- Net assets or fund balances, end of year
- $54,626,366
- 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: SALE OF ELECTRICITY
total $48,395,524 · related or exempt $48,395,524
-
2b · Program service revenue: SERVICE CHARGES
total $1,983,530 · related or exempt $1,983,530
-
2c · Program service revenue: CAPITAL CREDITS
total $560,227 · related or exempt $560,227
-
2d · Program service revenue: SALE OF REC
total $5,699 · related or exempt $5,699
-
2f · All other program service revenue
total $10,429 · related or exempt $10,429
-
3 · Investment income
total $407,149 · excluded $407,149
-
7a · Gross sales of assets other than inventory
other assets $57,441
-
7b · Less cost or other basis and sales expenses
other assets $26,914
-
7c · Gain or loss
other assets $30,527
-
7d · Net gain or loss
total $30,527 · related or exempt $30,527
-
10a · Gross sales of inventory
$43,090
-
10b · Cost of goods sold
$51,889
-
10c · Net income from sales of inventory
total -$8,799 · related or exempt -$8,799
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $589,754
-
5 · Compensation of officers, directors and key employees
total $913,365
-
7 · Other salaries and wages
total $4,776,816
-
8 · Pension plan contributions
total $910,082
-
9 · Other employee benefits
total $761,946
-
10 · Payroll taxes
total $403,206
-
11b · Fees: legal
total $116,722
-
11c · Fees: accounting
total $13,500
-
12 · Advertising and promotion
total $21,842
-
13 · Office expenses
total $325,456
-
20 · Interest
total $1,816,431
-
22 · Depreciation, depletion and amortization
total $3,768,081
-
24a · Other expenses: PURCHASED POWERWHOLESALE
total $34,747,859 · program services $34,747,859
-
24b · Other expenses: TRANS OPERAT AND MAINT
total $1,603,305 · program services $1,603,305
-
24c · Other expenses: CUSTOMER ACCTS SERV & SALE
total $362,976 · program services $362,976
-
24d · Other expenses: ADMINISTRATIVE & GENERAL EXP
total $252,945 · program services $252,945
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,502,524 · end of year $3,079,500
-
2 · Savings and temporary cash investments
beginning of year $5,620,391 · end of year $2,280,000
-
4 · Accounts receivable
beginning of year $2,181,236 · end of year $2,408,936
-
8 · Inventories for sale or use
beginning of year $1,672,171 · end of year $3,488,793
-
9 · Prepaid expenses and deferred charges
beginning of year $1,748,598 · end of year $1,573,744
-
10a · Land, buildings and equipment: cost or other basis
$126,754,479
-
10b · Land, buildings and equipment: accumulated depreciation
$54,876,682
-
10c · Land, buildings and equipment, net
beginning of year $70,477,273 · end of year $71,877,797
-
13 · Investments: program-related
beginning of year $41,260,545 · end of year $42,735,259
-
17 · Accounts payable and accrued expenses
beginning of year $4,715,361 · end of year $4,845,926
-
19 · Deferred revenue
beginning of year $4,400,000 · end of year $2,500,000
-
23 · Secured mortgages and notes payable
beginning of year $62,731,224 · end of year $64,514,992
-
25 · Other liabilities
beginning of year $709,560 · end of year $956,745
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $52,678,495 · end of year $51,320,268
-
31 · Retained earnings, endowment or other funds
beginning of year $3,228,098 · end of year $3,306,098
Mission and programs · 2023
Mission
TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO THE MEMBERS AT THE BEST COST AND CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
-
TO PROVIDE ELECTRICITY TO THE COMPANYS MEMBERS WITHIN ITS SERVICE AREA.
As filed on the 2023 return.
Listed in Part VII
-
Dennis HermanDENNIS HERMAN
CEO
- Total calculated
- $436,929
- From this org
- $265,620
- From related orgs
- $0
- Other
- $171,309
- Hours/week
- 44.9 + 1 related
Schedule J breakdown matched by us
- Base
- $265,620
- Bonus
- not reported
- Other
- not reported
- Deferred
- $153,042
- Nontaxable benefits
- $18,267
- Filer's total
- $436,929
-
Rance FergusonRANCE FERGUSON
OPERATIONS MANAGER
- Total calculated
- $274,975
- From this org
- $170,084
- From related orgs
- $0
- Other
- $104,891
- Hours/week
- 40.4 + 0.2 related
Schedule J breakdown matched by us
- Base
- $170,084
- Bonus
- not reported
- Other
- not reported
- Deferred
- $86,624
- Nontaxable benefits
- $18,267
- Filer's total
- $274,975
-
Jim JacksonJIM JACKSON
CFO
- Total calculated
- $227,251
- From this org
- $181,382
- From related orgs
- $0
- Other
- $45,869
- Hours/week
- 40.8 + 0.02 related
Schedule J breakdown matched by us
- Base
- $181,382
- Bonus
- not reported
- Other
- not reported
- Deferred
- $27,602
- Nontaxable benefits
- $18,267
- Filer's total
- $227,251
-
Alex AstleyALEX ASTLEY
ENGINEERING MANAGER
- Total calculated
- $205,547
- From this org
- $170,829
- From related orgs
- $0
- Other
- $34,718
- Hours/week
- 41.2
Schedule J breakdown matched by us
- Base
- $170,829
- Bonus
- not reported
- Other
- not reported
- Deferred
- $26,402
- Nontaxable benefits
- $8,316
- Filer's total
- $205,547
-
Tad HuserTAD HUSER
MEMBER SERVICES MANAGER
- Total calculated
- $174,524
- From this org
- $135,368
- From related orgs
- $0
- Other
- $39,156
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,368
- Bonus
- not reported
- Other
- not reported
- Deferred
- $20,889
- Nontaxable benefits
- $18,267
- Filer's total
- $174,524
-
James ZiebarthJAMES ZIEBARTH
SYSTEM ENGINEER
- Total calculated
- $174,318
- From this org
- $144,707
- From related orgs
- $0
- Other
- $29,611
- Hours/week
- 41.8
Schedule J breakdown matched by us
- Base
- $144,707
- Bonus
- not reported
- Other
- not reported
- Deferred
- $21,174
- Nontaxable benefits
- $8,437
- Filer's total
- $174,318
-
Justin WertJUSTIN WERT
SYSTEM ENGINEER
- Total calculated
- $172,564
- From this org
- $133,140
- From related orgs
- $0
- Other
- $39,424
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,140
- Bonus
- not reported
- Other
- not reported
- Deferred
- $21,157
- Nontaxable benefits
- $18,267
- Filer's total
- $172,564
-
Michael BennettMICHAEL BENNETT
PRESIDENT
- Total calculated
- $25,240
- From this org
- $25,240
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3 + 0.02 related
-
Jim LueckJIM LUECK
VICE-PRESIDENT
- Total calculated
- $24,676
- From this org
- $24,676
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.1 + 0.02 related
-
Merlin PriorMERLIN PRIOR
SECRETARY
- Total calculated
- $24,026
- From this org
- $24,026
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.3 + 0.02 related
-
Leo BrekelLEO BREKEL
DIRECTOR
- Total calculated
- $22,376
- From this org
- $22,376
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.6 + 0.02 related
-
Pam StiebPAM STIEB
TREASURER
- Total calculated
- $22,376
- From this org
- $22,376
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.3 + 0.02 related
-
David CarlsonDAVID CARLSON
DIRECTOR
- Total calculated
- $22,226
- From this org
- $22,226
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.3 + 0.02 related
-
Steve OestmanSTEVE OESTMAN
DIRECTOR
- Total calculated
- $21,926
- From this org
- $21,926
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.2 + 0.02 related
-
Brad StrombergerBRAD STROMBERGER
DIRECTOR
- Total calculated
- $21,626
- From this org
- $21,626
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.1 + 0.02 related
-
Teddy CarterTEDDY CARTER
DIRECTOR
- Total calculated
- $21,626
- From this org
- $21,626
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.6 + 0.02 related
-
Aaron SpragueAARON SPRAGUE
DIRECTOR
- Total calculated
- $21,626
- From this org
- $21,626
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.2 + 0.02 related
-
Lisa SchilkeLISA SCHILKE
DIRECTOR
- Total calculated
- $21,461
- From this org
- $21,461
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.1 + 0.02 related
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.
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 corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
HIGHLINE ELECTRIC SERVICES LLC
C Corp · RENEWABLE ENERGY · CO · 100% owned · share of income $157,307 · share of assets $2,120,216 · controlled entity
Directly controlled by HIGHLINE ELECTRIC ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432069349300833
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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