Totals
- Total revenue
- $48,823,595
- Total expenses
- $48,823,595
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $47,954,810
- Investment income
- $42,985
- Other revenue
- $825,800
- Total assets, end of year
- $92,836,265
- Total liabilities, end of year
- $23,387,538
- Net assets or fund balances, end of year
- $69,448,727
- 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 $47,805,362 · related or exempt $47,805,362
-
2b · Program service revenue: CAPITAL CREDITS
total $105,367 · related or exempt $105,367
-
2c · Program service revenue: MISC ELECTRIC REVENUE
total $44,081 · related or exempt $44,081
-
3 · Investment income
total $42,985 · excluded $42,985
-
6a · Gross rents
real property $341,507 · personal property $49,031
-
6b · Less rental expenses
real property $313,884
-
6c · Rental income or loss
real property $27,623 · personal property $49,031
-
6d · Net rental income or loss
total $76,654 · unrelated business $27,623 · excluded $49,031
-
11a · Other revenue: MISC NON ELECTRIC REVENUE
total $749,146 · related or exempt $749,146
-
11e · Other revenue, total
$749,146
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $473,896
-
5 · Compensation of officers, directors and key employees
total $1,268,609
-
6 · Compensation of disqualified persons
total $155,487
-
7 · Other salaries and wages
total $393,671
-
20 · Interest
total $487,798
-
22 · Depreciation, depletion and amortization
total $1,179,039
-
24a · Other expenses: COST OF POWER
total $38,613,838
-
24b · Other expenses: DISTRIBUTION EXPENSE
total $3,063,522
-
24c · Other expenses: ADMIN & GENERAL
total $2,782,822
-
24d · Other expenses: MEMBER SERVICES
total $404,913
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,639,715 · end of year $5,220,742
-
2 · Savings and temporary cash investments
beginning of year $950,000 · end of year $968,351
-
4 · Accounts receivable
beginning of year $4,051,714 · end of year $4,037,350
-
8 · Inventories for sale or use
beginning of year $1,903,394 · end of year $1,877,928
-
9 · Prepaid expenses and deferred charges
beginning of year $1,272,281 · end of year $848,423
-
10a · Land, buildings and equipment: cost or other basis
$47,352,769
-
10b · Land, buildings and equipment: accumulated depreciation
$16,295,182
-
10c · Land, buildings and equipment, net
beginning of year $32,108,986 · end of year $31,057,587
-
13 · Investments: program-related
beginning of year $48,348,176 · end of year $48,355,324
-
15 · Other assets
beginning of year $395,534 · end of year $470,560
-
17 · Accounts payable and accrued expenses
beginning of year $3,496,033 · end of year $3,173,733
-
19 · Deferred revenue
beginning of year $1,371,565 · end of year $988,855
-
23 · Secured mortgages and notes payable
beginning of year $13,095,804 · end of year $14,200,223
-
25 · Other liabilities
beginning of year $9,971,284 · end of year $5,024,727
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year -$473,176 · end of year $5,422,807
-
31 · Retained earnings, endowment or other funds
beginning of year $65,208,290 · end of year $64,025,920
Mission and programs · 2022
Mission
WHITE RIVER ELECTRIC ASSOCIATION, INC. STRIVES TO PROVIDE ITS MEMBERS/CONSUMERS WITH SAFE, RELIABLE AND REASONABLE ELECTRIC ENERGY AND OTHER SERVICES AT THE MOST REASONABLE COSTS POSSIBLE WHILE REMAINING COMMITTED TO CUSTOMER AND COMMUNITY SERVICE.
-
WHITE RIVER ELECTRIC ASSOCIATION, INC. IS A RURAL ELECTRIC DISTRIBUTION COOPERATIVE SERVING PARTS OF RIO BLANCO, MOFFAT, AND GARFIELD COUNTIES IN COLORADO.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Alan J MichalewiczALAN J MICHALEWICZ
CEO
- Total calculated
- $481,643
- From this org
- $340,839
- From related orgs
- $0
- Other
- $140,804
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $330,339
- Bonus
- $10,500
- Other
- not reported
- Deferred
- $90,066
- Nontaxable benefits
- $50,738
- Filer's total
- $481,643
-
Dale K DunbarDALE K DUNBAR
CFO
- Total calculated
- $350,510
- From this org
- $221,808
- From related orgs
- $0
- Other
- $128,702
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $219,308
- Bonus
- $2,500
- Other
- not reported
- Deferred
- $89,040
- Nontaxable benefits
- $39,662
- Filer's total
- $350,510
-
Trina K Zagar-BrownTRINA K ZAGAR-BROWN
MBR SVC MGR/
- Total calculated
- $285,364
- From this org
- $207,151
- From related orgs
- $0
- Other
- $78,213
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $204,651
- Bonus
- $2,500
- Other
- not reported
- Deferred
- $39,513
- Nontaxable benefits
- $38,700
- Filer's total
- $285,364
-
Christopher ReidingerCHRISTOPHER REIDINGER
STAFF ENGINE
- Total calculated
- $203,541
- From this org
- $146,399
- From related orgs
- $0
- Other
- $57,142
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,899
- Bonus
- $2,500
- Other
- not reported
- Deferred
- $19,363
- Nontaxable benefits
- $37,779
- Filer's total
- $203,541
-
Brett A BerthelsonBRETT A BERTHELSON
MGR OF OPERA
- Total calculated
- $190,130
- From this org
- $136,670
- From related orgs
- $0
- Other
- $53,460
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,170
- Bonus
- $2,500
- Other
- not reported
- Deferred
- $16,013
- Nontaxable benefits
- $37,447
- Filer's total
- $190,130
-
Frank L SampsonFRANK L SAMPSON
MGR OF OPERA
- Total calculated
- $155,487
- From this org
- $131,945
- From related orgs
- $0
- Other
- $23,542
Schedule J breakdown matched by us
- Base
- $131,945
- Bonus
- not reported
- Other
- not reported
- Deferred
- $3,953
- Nontaxable benefits
- $19,589
- Filer's total
- $155,487
-
Bryce DuceyBRYCE DUCEY
DIRECTOR
- Total calculated
- $23,646
- From this org
- $23,646
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.89
-
Hal PearceHAL PEARCE
DIRECTOR
- Total calculated
- $22,778
- From this org
- $22,778
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.32
-
Mark A RogersMARK A ROGERS
DIRECTOR
- Total calculated
- $22,596
- From this org
- $22,596
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.5
-
Brett DearmanBRETT DEARMAN
DIRECTOR
- Total calculated
- $21,596
- From this org
- $21,596
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.35
-
Ronald K HilkeyRONALD K HILKEY
DIRECTOR
- Total calculated
- $18,085
- From this org
- $18,085
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.25
-
William H JordanWILLIAM H JORDAN
DIRECTOR
- Total calculated
- $15,485
- From this org
- $15,485
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6.84
-
Richard ParrRICHARD PARR
DIRECTOR
- Total calculated
- $14,384
- From this org
- $14,384
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.36
-
Kelly G SheridanKELLY G SHERIDAN
DIRECTOR
- Total calculated
- $6,861
- From this org
- $6,861
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.8
-
Shane P PhelanSHANE P PHELAN
DIRECTOR
- Total calculated
- $5,661
- From this org
- $5,661
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6.8
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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- SCHEDULE J, PAGE 1, PART I, LINE 4
- ALAN J. MICHALEWICZ 0 20,500 0 DALE K. DUNBAR 0 16,799 0 TRINA K. ZAGAR-BROWN 0 8,916 0 FRANK L. SAMPSON 0 6,444 0
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.
-
WHITE RIVER ENERGY COMPANY
PROPANE · CO · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 20 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342689349301149
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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