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Nonprofiteer
← LAKE REGION ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by LAKE REGION ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$81,633,914
Total expenses
$81,750,297
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$64,372,156
Investment income
$409,774
Other revenue
$16,851,984
Total assets, end of year
$291,178,898
Total liabilities, end of year
$234,267,293
Net assets or fund balances, end of year
$56,911,605
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.

Listed in Part VII

  • LEISA WALKER

    DIR FINANCE

    Total calculated
    $622,111
    From this org
    $233,702
    From related orgs
    $0
    Other
    $388,409
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,565
    Bonus
    $1,000
    Other
    $2,137
    Deferred
    $357,733
    Nontaxable benefits
    $30,676
    Filer's total
    $622,111

  • HAMID VAHDATIPOUR

    INTERIM CEO

    Total calculated
    $353,193
    From this org
    $252,196
    From related orgs
    $0
    Other
    $100,997
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $233,444
    Bonus
    $1,000
    Other
    $17,752
    Deferred
    $70,321
    Nontaxable benefits
    $30,676
    Filer's total
    $353,193

  • WENDELL WELCH

    SR DIR IT &

    Total calculated
    $343,728
    From this org
    $236,171
    From related orgs
    $0
    Other
    $107,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,340
    Bonus
    $589
    Other
    $5,242
    Deferred
    $76,881
    Nontaxable benefits
    $30,676
    Filer's total
    $343,728

  • GLEN CLARK

    CEO

    Total calculated
    $336,768
    From this org
    $212,745
    From related orgs
    $0
    Other
    $124,023
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $207,250
    Bonus
    $1,000
    Other
    $4,495
    Deferred
    $93,347
    Nontaxable benefits
    $30,676
    Filer's total
    $336,768

  • DONALD LAWRENCE

    DIR OF OPERA

    Total calculated
    $284,475
    From this org
    $163,487
    From related orgs
    $0
    Other
    $120,988
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,472
    Bonus
    $250
    Other
    $765
    Deferred
    $90,312
    Nontaxable benefits
    $30,676
    Filer's total
    $284,475

  • RANDALL SCOTT

    LINEMAN

    Total calculated
    $210,982
    From this org
    $159,253
    From related orgs
    $0
    Other
    $51,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,856
    Bonus
    $927
    Other
    $470
    Deferred
    $38,318
    Nontaxable benefits
    $13,411
    Filer's total
    $210,982

  • JOE CARMEN

    LINEMAN

    Total calculated
    $206,795
    From this org
    $162,424
    From related orgs
    $0
    Other
    $44,371
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,051
    Bonus
    $250
    Other
    $123
    Deferred
    $13,695
    Nontaxable benefits
    $30,676
    Filer's total
    $206,795

  • LAYNE MARSHALL

    LINEMAN

    Total calculated
    $185,523
    From this org
    $159,007
    From related orgs
    $0
    Other
    $26,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,605
    Bonus
    $250
    Other
    $152
    Deferred
    $13,105
    Nontaxable benefits
    $13,411
    Filer's total
    $185,523

  • JAMES MANES

    PRESIDENT

    Total calculated
    $66,676
    From this org
    $66,676
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • JAMES WALLS

    DIRECTOR

    Total calculated
    $53,076
    From this org
    $53,076
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • RANDALL SHANKLE

    SECRETARY/TR

    Total calculated
    $52,276
    From this org
    $52,276
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • GARY COOPER

    DIRECTOR

    Total calculated
    $51,476
    From this org
    $51,476
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • LYNN LAMONS

    VICE PRESIDE

    Total calculated
    $36,611
    From this org
    $36,611
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • DIANNE MAYFIELD

    DIRECTOR

    Total calculated
    $35,811
    From this org
    $35,811
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • JACK TEAGUE

    ASST. SEC/TR

    Total calculated
    $29,411
    From this org
    $29,411
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

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

The filer's explanations (Part III)

SCHEDULE J, PART III
EMPLOYEE NAME: GLEN CLARK ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 74,636 EMPLOYER CONTRIBUTION TO 401(K) PLAN 18,711 TOTAL REPORTED IN COLUMN C 93,347 LESS: ACTUARIAL INCREASE 74,636 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,868 EXPENSE TO COOPERATIVE 43,579 EMPLOYEE NAME: HAMID VAHDATIPOUR ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 54,834 EMPLOYER CONTRIBUTION TO 401(K) PLAN 15,487 TOTAL REPORTED IN COLUMN C 70,321 LESS: ACTUARIAL INCREASE 54,834 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 53,741 EXPENSE TO COOPERATIVE 69,228 EMPLOYEE NAME: DON LAWRENCE ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 75,666 EMPLOYER CONTRIBUTION TO 401(K) PLAN 14,646 TOTAL REPORTED IN COLUMN C 90,312 LESS: ACTUARIAL INCREASE 75,666 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,200 EXPENSE TO COOPERATIVE 40,846 EMPLOYEE NAME: WENDELL WELCH ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 56,092 EMPLOYER CONTRIBUTION TO 401(K) PLAN 20,789 TOTAL REPORTED IN COLUMN C 76,881 LESS: ACTUARIAL INCREASE 56,092 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 37,240 EXPENSE TO COOPERATIVE 58,029 EMPLOYEE NAME: LAYNE MARSHALL ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 4,699 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,406 TOTAL REPORTED IN COLUMN C 13,105 LESS: ACTUARIAL INCREASE 4,699 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 15,172 EXPENSE TO COOPERATIVE 23,578 EMPLOYEE NAME: LEISA WALKER ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 336,944 EMPLOYER CONTRIBUTION TO 401(K) PLAN 20,789 TOTAL REPORTED IN COLUMN C 357,733 LESS: ACTUARIAL INCREASE 336,944 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 37,240 EXPENSE TO COOPERATIVE 58,029 EMPLOYEE NAME: RANDALL SCOTT ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 28,490 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,828 TOTAL REPORTED IN COLUMN C 38,318 LESS: ACTUARIAL INCREASE 28,490 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 17,595 EXPENSE TO COOPERATIVE 27,423 EMPLOYEE NAME: JOE CARMAN ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 3,867 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,828 TOTAL REPORTED IN COLUMN C 13,695 LESS: ACTUARIAL INCREASE 3,867 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 17,595 EXPENSE TO COOPERATIVE 27,423

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
IRS schema version
2025v4.0
Source object
202632119349300108

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