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Nonprofiteer
← TRICO ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by TRICO ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$106,490,129
Total expenses
$105,827,175
Contributions and grants received
$0
Grants paid
$76,851
Program service revenue
$105,418,347
Investment income
$579,625
Other revenue
$492,157
Total assets, end of year
$306,199,494
Total liabilities, end of year
$160,746,504
Net assets or fund balances, end of year
$145,452,990
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • DON BLACK

    DIRECTOR (JAN-AUG)

    Total calculated
    $3,047
    From this org
    $3,047
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • JAMES R PYERS

    DIRECTOR (JAN-MARCH)

    Total calculated
    $1,590
    From this org
    $1,590
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.3 + 1 related

  • JOE KING

    TREASURER

    Total calculated
    $12,230
    From this org
    $12,230
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.6 + 1 related

  • L NICK BUCKELEW

    DIRECTOR

    Total calculated
    $7,227
    From this org
    $7,227
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9 + 1 related

  • LARRY HINCHLIFFE

    PRESIDENT

    Total calculated
    $15,434
    From this org
    $15,434
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3 + 1 related

  • MARSHA THOMPSON

    VICE PRESIDENT

    Total calculated
    $11,909
    From this org
    $11,909
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.9 + 1 related

  • ARNOLDO BURRUEL

    SECRETARY

    Total calculated
    $9,238
    From this org
    $9,238
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.6 + 1 related

  • DARREL BIRKHIMER

    DIRECTOR (JUNE-DEC)

    Total calculated
    $14,045
    From this org
    $14,045
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.4 + 1 related

  • KEVIN MCCARTHY

    ASST. SECRETARY/TREASURER (APR-DEC)

    Total calculated
    $9,647
    From this org
    $9,647
    From related orgs
    $0
    Other
    $0
    Hours/week
    6 + 1 related

  • ERIC HAWKINS

    CHIEF OPERATING OFFICER/GC

    Total calculated
    $254,944
    From this org
    $199,136
    From related orgs
    $0
    Other
    $55,808
    Hours/week
    53 + 1 related

    Schedule J breakdown matched by us

    Base
    $197,211
    Bonus
    $1,500
    Other
    $425
    Deferred
    $41,042
    Nontaxable benefits
    $14,766
    Filer's total
    $254,944

  • BRIAN FICKETT

    CHIEF FINANCIAL OFFICER (JAN-APRIL)

    Total calculated
    $117,357
    From this org
    $79,258
    From related orgs
    $0
    Other
    $38,099
    Hours/week
    47.8 + 1 related

  • BRIAN HEITHOFF

    CHIEF EXECUTIVE OFFICER/GM

    Total calculated
    $450,320
    From this org
    $335,296
    From related orgs
    $0
    Other
    $115,024
    Hours/week
    57 + 1 related

    Schedule J breakdown matched by us

    Base
    $320,994
    Bonus
    $1,500
    Other
    $12,802
    Deferred
    $96,044
    Nontaxable benefits
    $18,980
    Filer's total
    $450,320

  • JAMES FREEMAN

    CHIEF FINANCIAL OFFICER (NOV-DEC)

    Total calculated
    $95,293
    From this org
    $33,460
    From related orgs
    $0
    Other
    $61,833
    Hours/week
    43.5 + 1 related

  • GARY KELLY

    MANAGER OF ENGINEERING

    Total calculated
    $244,768
    From this org
    $170,453
    From related orgs
    $0
    Other
    $74,315
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $107,298
    Bonus
    $1,000
    Other
    $62,155
    Deferred
    $60,786
    Nontaxable benefits
    $13,529
    Filer's total
    $244,768

  • JEREMY KONSKI

    JOURNEYMAN LINEMAN

    Total calculated
    $194,622
    From this org
    $151,330
    From related orgs
    $0
    Other
    $43,292
    Hours/week
    47.7

    Schedule J breakdown matched by us

    Base
    $149,627
    Bonus
    $1,500
    Other
    $203
    Deferred
    $20,959
    Nontaxable benefits
    $22,333
    Filer's total
    $194,622

  • BLAKE REIS

    JOURNEYMAN LINEMAN

    Total calculated
    $195,385
    From this org
    $149,023
    From related orgs
    $0
    Other
    $46,362
    Hours/week
    49.5

    Schedule J breakdown matched by us

    Base
    $147,373
    Bonus
    $1,500
    Other
    $150
    Deferred
    $20,649
    Nontaxable benefits
    $25,713
    Filer's total
    $195,385

  • LESLIE HUNT

    JOURNEYMAN LINEMAN

    Total calculated
    $184,247
    From this org
    $135,647
    From related orgs
    $0
    Other
    $48,600
    Hours/week
    47.6

    Schedule J breakdown matched by us

    Base
    $133,866
    Bonus
    $1,500
    Other
    $281
    Deferred
    $22,209
    Nontaxable benefits
    $26,391
    Filer's total
    $184,247

  • TOREY BELL

    MANAGER OF ENGINEERING

    Total calculated
    $220,347
    From this org
    $134,896
    From related orgs
    $0
    Other
    $85,451
    Hours/week
    45.3

    Schedule J breakdown matched by us

    Base
    $128,702
    Bonus
    $1,500
    Other
    $4,694
    Deferred
    $58,852
    Nontaxable benefits
    $26,599
    Filer's total
    $220,347

  • BRIAN JACKSON

    OUTPOST CREWLEADER

    Total calculated
    $193,017
    From this org
    $133,424
    From related orgs
    $0
    Other
    $59,593
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $131,579
    Bonus
    $1,500
    Other
    $345
    Deferred
    $39,058
    Nontaxable benefits
    $20,535
    Filer's total
    $193,017

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 · Form 990 of other organizations
  • 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)

PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTION TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. BRIAN HEITHOFF: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 83,844 EMPLOYER CONTRIBUTION TO 401(K) PLAN 12,200 TOTAL REPORTED IN COLUMN C $ 96,044 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (83,844) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 87,047 EXPENSE TO COOPERATIVE $ 99,247 ERIC HAWKINS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 32,967 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,075 TOTAL REPORTED IN COLUMN C $ 41,042 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (32,967) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 52,799 EXPENSE TO COOPERATIVE $ 60,874 GARY KELLY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 54,119 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,667 TOTAL REPORTED IN COLUMN C $ 60,786 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (54,119) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 30,916 EXPENSE TO COOPERATIVE $ 37,583 TOREY BELL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 53,247 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,605 TOTAL REPORTED IN COLUMN C $ 58,852 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (53,247) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 37,102 EXPENSE TO COOPERATIVE $ 42,707 BLAKE REIS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 16,383 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,266 TOTAL REPORTED IN COLUMN C $ 20,649 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (16,383) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,821 EXPENSE TO COOPERATIVE $ 29,087 JEREMY KONSKI: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 16,363 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,596 TOTAL REPORTED IN COLUMN C $ 20,959 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (16,363) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,821 EXPENSE TO COOPERATIVE $ 29,417 BRIAN JACKSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 34,275 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,783 TOTAL REPORTED IN COLUMN C $ 39,058 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (34,275) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 27,589 EXPENSE TO COOPERATIVE $ 32,372 LESLIE HUNT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 17,875 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,334 TOTAL REPORTED IN COLUMN C $ 22,209 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (17,875) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,821 EXPENSE TO COOPERATIVE $ 29,155

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

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.

  • TRICO FOUNDATION

    501(C)3 · TO PROVIDE COLLEGE SCHOLARSHIPS TO MEMEBERS OF THE COOPERATIVE. · AZ · controlled entity

    Directly controlled by TRICO ELECTRIC COOPERATIVE

  • TRICO ELECTRIC CHARITABLE TRUST

    501(C)3 · TO PROVIDE CHARITABLE GRANTS TO RESIDENTS OF THE COOPERATIVE'S SERVICE AREA. · AZ · controlled entity

    Directly controlled by TRICO ELECTRIC COOPERATIVE

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.

  • AVION SOLAR LLC

    C · SOLAR ENERGY · AZ · 100% owned · share of income $1,325,460 · share of assets $24,737,788 · controlled entity

    Directly controlled by TRICO ELECTRIC COOPERATIVE INC

  • CHIRREON ENERGY LLC

    C · SOLAR ENERGY · AZ · 100% owned · share of income $548,750 · share of assets $29,845,490 · controlled entity

    Directly controlled by TRICO ELECTRIC COOPERATIVE INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349317833

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