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Nonprofiteer
← NORTH WESTERN ELECTRIC COOPERATIVE

Form 990 for tax year 2023

Filed by NORTH WESTERN ELECTRIC COOPERATIVE.

Totals

Total revenue
$17,981,600
Total expenses
$17,981,600
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$16,886,195
Investment income
$1,064,304
Other revenue
$31,101
Total assets, end of year
$45,012,147
Total liabilities, end of year
$24,653,725
Net assets or fund balances, end of year
$20,358,422
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: ELECTRIC SALES TO MEMBERS

    total $16,875,300 · related or exempt $16,875,300

  • 2b · Program service revenue: METER READ & RECONNECT FEES

    total $10,895 · related or exempt $10,895

  • 3 · Investment income

    total $860,487 · excluded $860,487

  • 6a · Gross rents

    real property $87,558

  • 6c · Rental income or loss

    real property $87,558

  • 6d · Net rental income or loss

    total $87,558 · excluded $87,558

  • 7a · Gross sales of assets other than inventory

    other assets $246,365

  • 7b · Less cost or other basis and sales expenses

    other assets $42,548

  • 7c · Gain or loss

    other assets $203,817

  • 7d · Net gain or loss

    total $203,817 · related or exempt $203,817

  • 11a · Other revenue: OTHER NONOPERATING REVENUE

    total $505 · related or exempt $505

  • 11b · Other revenue: REIMBURSEMENTS

    total -$56,962 · related or exempt -$56,962

  • 11e · Other revenue, total

    -$56,457

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,645,806

  • 5 · Compensation of officers, directors and key employees

    total $398,105

  • 7 · Other salaries and wages

    total $640,360

  • 10 · Payroll taxes

    total $114,858

  • 11b · Fees: legal

    total $8,038

  • 11c · Fees: accounting

    total $15,825

  • 11g · Fees: other

    total $14,658

  • 12 · Advertising and promotion

    total $26,071

  • 16 · Occupancy

    total $728,441

  • 19 · Conferences, conventions and meetings

    total $53,134

  • 20 · Interest

    total $670,860

  • 22 · Depreciation, depletion and amortization

    total $1,313,103

  • 23 · Insurance

    total $46,726

  • 24a · Other expenses: POWER COST

    total $10,644,720

  • 24b · Other expenses: TAXES

    total $680,287

  • 24c · Other expenses: DISTRIBUTION - OPERATIONS

    total $274,253

  • 24d · Other expenses: CONSUMER EXPENSE

    total $271,147

  • 24e · All other expenses

    total $435,208

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $68,742 · end of year $828,908

  • 4 · Accounts receivable

    beginning of year $3,009,901 · end of year $2,804,651

  • 7 · Other notes and loans receivable

    beginning of year $1,815,634 · end of year $1,720,655

  • 8 · Inventories for sale or use

    beginning of year $578,547 · end of year $652,952

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,275 · end of year $107,416

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

    $45,277,905

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

    $15,955,125

  • 10c · Land, buildings and equipment, net

    beginning of year $27,778,344 · end of year $29,322,780

  • 13 · Investments: program-related

    beginning of year $9,052,415 · end of year $9,337,968

  • 15 · Other assets

    beginning of year $262,327 · end of year $236,817

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,196,249 · end of year $1,582,826

  • 23 · Secured mortgages and notes payable

    beginning of year $20,629,566 · end of year $21,490,889

  • 25 · Other liabilities

    beginning of year $1,211,436 · end of year $1,580,010

  • 31 · Retained earnings, endowment or other funds

    beginning of year $19,568,934 · end of year $20,358,422

Mission and programs · 2023

Mission

PROVIDE ELECTRICITY TO APPROXIMATELY 6,057 RURAL MEMBER CUSTOMERS.

  • DISTRIBUTION OF ELECTRICAL ENERGY TO APPOXIMATELY 6,057 CONSUMERS AND THE MAINTENANCE OF 1,070 PLUS MILES OF OVERHEAD AND UNDERGROUND DISTRIBUTION LINES.

As filed on the 2023 return.

Listed in Part VII

  • Darin Thorp

    PRESIDENT

    Total calculated
    $289,847
    From this org
    $209,930
    From related orgs
    $0
    Other
    $79,917
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $209,930
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $79,917
    Filer's total
    $289,847

  • Andrew Overman

    CHIEF FINANC

    Total calculated
    $191,304
    From this org
    $123,037
    From related orgs
    $0
    Other
    $68,267
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,037
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $68,267
    Filer's total
    $191,304

  • Bobby Carter

    DIRCTOR OF O

    Total calculated
    $169,310
    From this org
    $109,820
    From related orgs
    $0
    Other
    $59,490
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $109,820
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $59,490
    Filer's total
    $169,310

  • Chad Livensparger

    CREW CHIEF

    Total calculated
    $153,888
    From this org
    $100,182
    From related orgs
    $0
    Other
    $53,706
    Hours/week
    43.5

    Schedule J breakdown matched by us

    Base
    $100,182
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $53,706
    Filer's total
    $153,888

  • Mitch Headley

    SECRETARY

    Total calculated
    $12,765
    From this org
    $12,750
    From related orgs
    $0
    Other
    $15
    Hours/week
    4

  • Chris Oberlin

    CHAIRMAN

    Total calculated
    $11,040
    From this org
    $11,025
    From related orgs
    $0
    Other
    $15
    Hours/week
    3

  • Keith Stark

    TRUSTEE

    Total calculated
    $10,615
    From this org
    $10,600
    From related orgs
    $0
    Other
    $15
    Hours/week
    15

  • Kim Shoup

    VICE-CHAIRMA

    Total calculated
    $9,578
    From this org
    $9,563
    From related orgs
    $0
    Other
    $15
    Hours/week
    3

  • Ryan Wehri

    VICE CHAIRMA

    Total calculated
    $9,415
    From this org
    $9,400
    From related orgs
    $0
    Other
    $15
    Hours/week
    3

  • Richard Polter

    TRUSTEE

    Total calculated
    $7,005
    From this org
    $7,000
    From related orgs
    $0
    Other
    $5
    Hours/week
    2

  • Jordan Ruffer

    TRUSTEE

    Total calculated
    $4,815
    From this org
    $4,800
    From related orgs
    $0
    Other
    $15
    Hours/week
    1

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

None.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.0
Source object
202433029349301453

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